Tag: Debt
The Wall Gave Way, and We Fell…
The tax cut didn’t really cut the cost of government. It simply shifted it to debt…and onto the public and into the future. And now the future is coming into view.
The Financialisation of the American Economy
Over the last 10 years, for every stock bought — in net terms — by the public, the corporations themselves bought nearly 50 of them.
The Real Reasons Stocks Go Up
Word on the street yesterday was that stocks were going up to record highs ‘on earnings.’ The casual listener was invited to believe that corporate America was earning more money; therefore, it should be worth more. Why else would people
Should Jesus Have Gone to College?
Studies show that people with more education earn more money. But this is entirely misleading. People with private jets earn more money, too.
‘It’s Not God’s Fault. It’s Man.’
We saw last week that the biggest burst of stimulus in the US — $3.6 trillion of quantitative easing (QE), negative real interest rates for 10 years, and deficits of $11 trillion — brought the weakest recovery ever.
What History Teaches Us About Socialism
Both outright socialists and capitalist reformers have more or less the same goal — to bang, bend, and bamboozle the world into a shape that is more pleasing to them.
Uncle Sam Takes More Than Taxes From the Middle Class
The Trump tax cut was no real cut at all. The average person will save less than 2% on his tax bill. But his real cost of government went up — 10 times as fast.
What America’s Elite Have Planned for Your Money
The ‘stimulus’ programme is a wealth transfer scheme pretending to be economic policy. The Deep State, Washington, Wall Street, and The Swamp all benefit from it.
Trump and AOC Actually Agree on Something…
The Fed put in $3.6 trillion of fake new money. And the federal government ran some $11 trillion in deficits. Result: The greatest stimulus of all time produced the weakest recovery on record.
So Much for the ‘Trump Boom’…
Both Republicans and Democrats now put their faith in stimulus. The Republicans aim to stimulate the economy with tax cuts. The Democrats look to bigger deficits.
America’s Real National Emergency
GDP is falling, not rising…at a 6% annual rate. And if this keeps up, it will rival America’s Great Depression in severity.
The Real Threat Is in Washington
GDP is increasing at 2.5% per year. Federal debt is increasing twice as fast. No way is that going to have a happy ending.
A Message from the Future: Thanks a Lot…You Jerks
You ran up $22 trillion in debt by 2019. Who did you think was going to pay that? Not you. Donald Trump was already 72. And the average baby boomer was in his 60s, getting ready for retirement.
Conversations with a Ghost
You’ve got a debt of $22 trillion that you can’t possibly pay. I see you’re spending 38% of GDP, but you’re only collecting about 17% of GDP in taxes.
How the Feds Sedated American Capitalism
Total satisfaction equals the real value of win-win deals minus win-lose deals.Our formula recognises that money isn’t everything. So, it focuses on satisfaction, rather than GDP or raw wealth.