US government plans to increase debt issue size by 60% by August, financing over $2 trillion in deficits and refinancing maturing debt at higher rates.

  The US govt is dramatically increasing its planned amount of debt it issues in the next 12 months. 🚨 Monthly Auction Sizes +60% by August Next Year vs the previous year. The USA has to finance over $2 trillion in deficits, plus refinance all of the maturing debt at the new… pic.twitter.com/9HbpkN7USD — Wall …

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San Francisco Mayor London Breed dismisses drug use as temporary issue. She seeks solutions to climate change and AI.

‘WE SAW PEOPLE DEFECATING IN THE STREETS:’ Ron DeSantis takes his war with Gavin Newsom to San Francisco as he rips homelessness and influx of drug addicts. Newsom has continuously attacked DeSantis for his policies in Florida – even releasing an ad earlier this year urged Americans not to vote for the governor with the …

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FDIC Chair: “In the near term, the FDIC, together with the Federal Reserve & the Office of the Comptroller of the Currency, will issue a notice of proposed rulemaking to seek public comment on changes to the U.S capital framework to consider how best to incorporate the finalization of Basel III.”

by Dismal-Jellyfish Source: https://www.fdic.gov/news/speeches/2023/spjun2223.html TLDRS: After the 2008 financial crisis, banks were found to be undercapitalized and over-leveraged, leading to a complete overhaul of capital requirements through a set of rules known as Basel III. The aim was to ensure banks held enough capital to weather economic storms. However, Basel III is not yet complete, with …

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The U.S. Government is in deep Ponzi scheme territory due to debt and interest payments. Pretty soon the government will have to issue debt to just service the debt!

Pretty soon the government will have to issue debt to just service the debt!!! If the U.S. Government is already running a yearly ~$1.5+ trillion budget deficit and you suddenly have ~$1.5+ trillion in yearly interest payments on the debt, you are in deep Ponzi scheme territory! https://t.co/fdZDB0bUgr — Peter Spina ⚒ GoldSeek | SilverSeek …

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