The US government lost nearly $1 trillion in FY2017. Again

Original Link | SovereignMan There was a time, centuries ago, that France was the dominant superpower in the world. They had it all. Overseas colonies. An enormous military. Social welfare programs like public hospitals and beautiful monuments. Most of it…

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Today the music stops

After months of preparing financial markets for this news, the Federal Reserve is widely expected to announce that it will finally begin shrinking its $4.5 trillion balance sheet.

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Surprise, the Debt Bomb is Actually $13 TRILLION Larger Than Believed

The only reason the financial system has held together so well since 2008 is because Central Banks have created a bubble in bonds via massive QE programs and seven years of ZIRP/NIRP.

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The real story behind America’s new $20 trillion debt

Late yesterday afternoon the federal government of the United States announced that the national debt had finally breached the inevitable $20 trillion mark.

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Trump Warns Of Debt Ceiling “Mess”; Blames McConnell, Ryan

Conveniently coming just as warned that according to the T-Bill market, the odds of a government shutdown are now the highest they have been this cycle.

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America’s Student Debt Problem Is Much Bigger Than Anybody Realized

The Department of Education recently released a memo admitting that repayment rates on student loans have been grossly exaggerated.

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The World Is $50 Trillion MORE in Debt Since 2008 Financial Crisis

Check out this graph above from the Bank of America Merrill Lynch. Global debt has apparently increased by $50 trillion since the beginning of 2007 going into the financial crisis of 2008. That’s an increase of 50 percent. Goldman Sachs…

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You Can’t Believe How Much Debt Americans Are Holding

What would you say if I told you that Americans are nearly 60 TRILLION dollars in debt?  Well, it is true.  When you total up all forms of debt including government debt, business debt, mortgage debt and consumer debt, we…

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Who Is The New Secret Buyer Of U.S. Debt?

On the surface, the economic atmosphere of the U.S. has appeared rather calm and uneventful. Stocks are up, employment isn’t great but jobs aren’t collapsing into the void (at least not openly), and the U.S. dollar seems to be going…

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What Happens When America Goes Bankrupt?

Last week in the Land of the Free, I heard a radio campaign ad for a local political candidate while in Texas. In the ad, he was talking about the debt and excessive government spending. And then he said something…

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