World debt has rapidly increased since 1997 and is now around $225 trillion
https://t.co/eo2qAj13rw — Win Smart, CFA (@WinfieldSmart) August 6, 2023
trillion
Bidenomics! M2 Money Velocity Rises … To Almost Pre-Covid Levels, Fed Balance Sheet Remains Above $8 TRILLION (Biden Energy Secretary Secretly Consulted Top Chinese Energy Official Before SPR Release, Sales To Hunter Biden-Linked Chinese Energy Giant)
by confoundedinterest17 I wonder which season the US economy is in, according to President “Chance the Gardener” Biden. If you believe the recovery talk (from the reckless Covid economic and school shutdowns of 2020), all is well in the (economic) garden. For example, M2 Money Velocity (GDP/M2), is almost back to where it was just …
US government revenue is $5 trillion annually, with 42% of it coming from personal income taxes, requiring half to pay interest on the $33 trillion debt.
Total US govt revenue is about $5 trillion per year from all sources. Personal income taxes are about 42% of the total, so around $2.1 trillion. So roughly 1/2 of all personal income taxes collected by the US govt is going to pay interest on the $33 trillion national debt. — Wall Street Mav (@WallStreetMav) …
Listen To Multi-billionaires Like Jamie Dimon And Warren Buffett. Fitch Downgraded US Debt $32.7 Trillions, Interest Payment Of $1 Trillion, Jenet Yellen Set To Borrow Another $1.8 Trillions Until The End Of The Year After Already Borrowed $1 Trillion After Deb Ceiling Suspension In May.
by Hephaestus4 Japan is selling U.S. treasuries and buy back Yen to defend its currency. This is not good for the U.S. as we go into a “doom loop”. Rates will continue to rise on the long end of the curve, which makes borrowing costs go up…which means more borrowing to keep this BS game …
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 …
2023 financial statistics show record high US debt, $1 trillion annual interest expense, high credit card debt, and 20.69% average interest rate.
Alarming Financial Stats of 2023: – U.S debt at record high – Interest expense on U.S debt to reach a record $1 trillion annually– Credit card debt at record high – Average credit card interest rate at a record 20.69% These are records we don’t want to be setting 🙈 pic.twitter.com/B5Aoaj4FFV — Genevieve Roch-Decter, CFA (@GRDecter) August 2, …
US Government launches investigation into $9 trillion asset manager BlackRock over Chinese investments.
by AvailableChoice3130 The goal of the investigation is to gather facts that would inform the U.S.’s China policies, including on American capital flows. By routing “massive flows of American capital” to such Chinese entities, the U.S. firms are “exacerbating an already significant national-security threat and undermining American values,” said the letters. How does this flow …
Bidenomics! Mortgage Demand Decreases 3.0% From One Week Earlier, But Purchase Demand Down 26% From Last Year, Down -45% Under Biden While Mortgage Rates Are UP 134% (US Interest Expenses Surged By 50% In Past Year To Nearly $1 Trillion On Annualized Basis)
by confoundedinterest17 Inflation under Biden has been very painful for the US middle class and low wage workers. That inflation has resulted to surging mortgage rates thanks to The Fed’s counterattack. The result? Mortgage rates are up 134% under Bidenomics, while mortgage purchase demand is down -45% since Biden was selected. And mortgage refinancing demand …
Banks are in PAIN! Half of US banks with $11 trillion assets have lower assets value compared to debt liabilities, $2.2 trillion lower than book-value.
by Dismal-Jellyfish If half of uninsured depositors decide to withdraw, the losses due to CRE distress would result in up to 58 smaller regional banks becoming insolvent in addition to 186 banks that would become insolvent just due to higher rates. Wut Mean?: The U.S. banking system’s market value of assets is about $2.2 trillion …
The cost of printing $4 trillion and handing it out: Everyone spends the money, consumer spending falls at a historic pace and then the world pays the price with 40-year high inflation.
On top of printing $4 trillion, the Fed lowered rates to 0% overnight in March 2020. Now, we have the fastest rate hike campaign in history. It’s unclear if zero interest rate policy was a net positive. Follow us @KobeissiLetter for real time analysis as this develops. — The Kobeissi Letter (@KobeissiLetter) July 31, 2023 …
Treasury Alert! $1.859 trillion is what Treasury expects to borrow the rest of the year. For the 3rd quarter, Treasury expects to borrow $1.007 trillion in privately-held net marketable debt. For the 4th quarter Treasury expects to borrow $852 billion in privately-held net marketable debt.
by Dismal-Jellyfish Source: https://home.treasury.gov/news/press-releases/jy1662 The U.S. Department of the Treasury today announced its current estimates of privately-held net marketable borrowing[1]for the July – September 2023 and October – December 2023 quarters. During the July – September 2023 quarter, Treasury expects to borrow $1.007 trillion in privately-held net marketable debt, assuming an end-of-September cash balance of $650 billion.[2] …
Over the next 30 years, the CBO projects interest to total $71 trillion.
Over the next 10 years, interest costs are projected to hit $10.6 trillion. Over the next 30 years, the CBO projects interest to total $71 trillion. Interest expense is expected to surpass defense spending in 2029, Medicare in 2046, and Social Security in 2051. 5/8 pic.twitter.com/Ssx9QlQoXy — The Kobeissi Letter (@KobeissiLetter) July 30, 2023 Update: …
The US national debt has increased by $1.8 trillion since the “debt ceiling crisis”. They did it in less than 2 months. At this rate, in 3 months, the debt will be 4 trillion. US Treasury is issuing $102B of long-duration bonds in the upcoming weeks.
by RedditIsOwendByTheWS The government now lives from month to month. soon it will be from week to week. Then from day to day. and finally from hour to hour. Source : Traders Brace for $102 Billion Wave of Treasury Bond Sales – Bloomberg
BOJ seeks to retire YCC; Japan faces $3 trillion risk, potentially threatening global finance.
"Yield curve control is a dangerous policy which needs to be retired as soon as possible…It has been a major factor in the yen reaching its lowest level, in real terms, since the 1970s. So, the BOJ wants to very carefully dismantle YCC, and the yen will rally:" @kitjuckes — Lisa Abramowicz (@lisaabramowicz1) July 28, …
Bidenomics Or How Washington Ruined America’s Future: Interest on Federal Debt Rose 76% Under Biden (US Interest On Federal Debt > 6x EU Defense Spending As Unfunded US Liabilities Exceed $192 TRILLION!)
by confoundedinterest17 How badly has Bidenomics and generally Federal spending has crippled the US? An example. The interest on US Federal debt is approaching $1 TRILLION (and Biden/Democrats REFUSE to cut any spending, not that Republicans are much better). To show up how messed up this is, the EU’s defense budget (remember Ukraine?) is far …
Hunga Tonga-Hunga Ha’apai submarine volcano may have put as much as 40 Trillion gallons of water vapor into the upper-atmosphere
Volcanic estimate 🌋📈 Initial scientific estimates were 50-million metric tons of water injected into the stratosphere by Hunga Tonga-Hunga Ha'apai submarine volcano. Likely off by a factor of 3. New research suggests 150-million metric tons or almost 40 Trillion gallons of… pic.twitter.com/BEnfFL2bEr — Ryan Maue (@RyanMaue) July 22, 2023 The 40 Trillion gallons of water …
US government debt reaches $32.5 trillion; who buys it?
So if the private sector doesn't buy and the Chinese won't buy, then it's up to #Fed QE! https://t.co/6P4Ic6ilmX — CrossBorder Capital/ GLIndexes (@crossbordercap) July 20, 2023 Who Is Buying the Ballooning US Government Debt That Has Now Reached $32.5 Trillion? There’s an ever-growing concern about who will purchase the skyrocketing US government debt that …
JP Morgan’s $60 Trillion “Weapon of Mass Financial Destruction” is PRIMED & READY!
There’s talk of a “New Monetary System” using gold because all the central banks, commercial banks and most countries have MASSIVE AMOUNTS OF GOLD. It makes sense that a return to a gold standard should be one of the alternatives. But what about Silver? Silver has been used as money for much longer than gold …
Shot Through The Heart (Of The Economy)? US Debt UP By Same Amount In Last 4 Years Than It Did In First 221 Years (Minsky Moment When $192 TRILLION In Unfunded Liabilities Hits The Fan
by confoundedinterest17 Shot through the heart (of the economy), and they’re to blame. The Fed and Congress give government a bad name. When I see the faces of Alan Greenspan, Ben Bernanke, Janet Yellen and Jerome Powell, all I think of is …. the Minsky Moment brigade! From Zero debt in 1776 to $21 trillion in …
NET ZERO – 2 decades, 5 trillion of investment already and the UN demanding $150 TRILLION more from ordinary people, for an unproven theory…
Very interesting video…. https://twitter.com/_/status/1681573098217254912 You are going to see a lot of restrictions soon with this Travel by car and plane Food will be less varied and abundant You will need a garden Manufacturing will be restricted Anythin that emits carbon will be restricted Earlier today, I drove around Toronto attending meetings about climate change. …
US government faces $1.393 trillion deficit in 2023, increasing by $155 billion per month.
Here's the US deficit by month for both FY 2022 and FY 2023 YTD. In March, when the regional banking crisis began, the US added a whopping $378 billion to the deficit. September 2022 added $430 billion. Follow us @KobeissiLetter for more as we unpack the latest deficit report. pic.twitter.com/PVAUAFp3D2 — The Kobeissi Letter (@KobeissiLetter) …
Pentagon and Treasury struggle to track $2.3 billion military spending and $5 trillion pandemic spending.
https://twitter.com/JoleneBlahahaha/status/1680677891023990785 https://twitter.com/BernieSpofforth/status/1680892369300865025
The $9 trillion of Chinese local government bonds that helped drag the rest of the world out of the 2008 financial crisis are a growing risk this time around.
China’s Murky Debt Corner Faces Funding Squeeze (Bloomberg) — The $9 trillion of Chinese local government bonds that helped drag the rest of the world out of the 2008 financial crisis are a growing risk this time around. The bonds funded an economic boom in China more than a decade ago, as local authorities borrowed …
The real US problem is soon to be $1 TRILLION in interests. That’s just the beginning.
by RedditIsOwendByTheWS Say it with me: “Debt Spiral” Yep, this is what the black hole these wreckless morons have been yeeting money into looks like.
The top 4 banks face bond asset losses totaling $205 billion, with the overall banking sector suffering losses totaling $2 trillion; the Fed intends to hike rates, compounding losses.
It is indeed a matter of great concern that the top 4 banks are currently facing monumental losses, amounting to a staggering $205 billion, on their bond assets. Moreover, the entire banking system has witnessed an alarming figure of approximately $2 trillion in bond asset losses. This unfortunate situation emphasizes the vulnerability of banks and …
Short sellers are betting more than $1 trillion against US stocks after big run
US short interest this month rose to the highest level since April 2022, as investors bet that the current bull run in stock market is set to falter. According to data from S3 Partners, the amount spent by short sellers against US stocks hit $1.02 trillion, as of Friday. Those bets came even as the …
32 Tons! Corporate Bankruptcies Reach Highest Level Since 2010, Bank Term Funding Program At $102 BILLION (Total Debt & Unfunded Liabitilies = $224.5 TRILLION)
by confoundedinterest17 The US has passed the 32 trillion mark in national debt, and is going much, much higher. More like 32 tons on the back of taxpayers. When we add unfunded liabilities like Social Security, Medicare and Medicaid, the tab soars to $224.5 TRILLION. New data show that a growing number of U.S. firms are collapsing …
With the US govt running deficits over $2 trillion and a recession coming, we are going to $15 trillion to $20 trillion in a few years; ‘Japanification’ is coming to the West…fiscal dominance means monetary inflation!
“Back in 2017 when the Fed Balance sheet was $4.5 trillion … this was their forecast going forward, shrinking the balance sheet to $2 trillion by 2022. Instead we are at $8.3 trillion today. With the US govt running deficits over $2 trillion and a recession coming, we are going to $15 trillion to $20 …
China is stiffing US bondholders to the tune of $1 trillion
via thehill: Every country should pay its sovereign debt. Default, we are told, is not an option. But has anyone told China? The United States pays interest on approximately $850 billion in debt held by the People’s Republic of China. China, however, is currently in default on its sovereign debt held by American bondholders. Successive …
US debt surges $851 billion since June 3rd suspension. Howell predicts Fed’s balance sheet expansion to $10 trillion for US obligations.
by BoatSurfer600 The U.S. national debt spiked by $851 billion since the debt ceiling was suspended a month ago on June 3, and now hit $32.32 trillion. This is just an amazing freak show. Source: wolfstreet Stocks would do well too as liquidity would explode. This is probably the easiest scenario for governments but it …