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Public NUMBS as government DEBT BOMB explodes to $33T, annual budget DEFICIT approaches $2T

September 22, 2023 -

"We are becoming numb to these huge numbers, but it doesn't make them any less dangerous," Maya MacGuineas, president of the Committee for a Responsible Federal Budget (CFRB), claimed in a statement. According to her, policymakers need to be honest with the American people and present a plan to "bring our debt under control." (Related: DEBT BLOWOUT: US debt has soared $1.2T since debt ceiling suspension – and the Treasury expects to add another $1.5T by year's end.)

Meanwhile, ...

The pipe-bomb caper

January 23, 2024 -

(Article republished from Kunstler.com)

Kudos to Darren J. Beattie of Revolver News and Rep. Thomas Massie (R-KY) for doing the FBI’s work for the FBI, smoking out the role of law enforcement (including the FBI) in but one module of the J6 operation that turned a peaceful mass assembly of disgruntled voters into a riot in order to color it as an “insurrection” and so destroy opposition to the falsely-elected, tyrannically corrupt, and epically deranged regime fronted ...

DEBT BLOWOUT: US debt has soared $1.2T since debt ceiling suspension – and the Treasury expects to add another $1.5T by year’s end

August 03, 2023 -

According to data from the Treasury Department, the total $32.66 trillion of government debt is composed of two different kinds of Treasury securities. Around $6.9 trillion of debt is in the form of nonmarketable Treasury securities purchased by U.S. government pension funds like the Social Security Trust Fund.

Meanwhile, the remaining $25.7 trillion is in the form of marketable securities, or Treasury securities that are held and traded by the global public, either by ...

Security cameras were redirected as bomb squad responded to DNC pipe bomb on Jan. 6, disturbing footage shows

February 20, 2024 -

A detailed examination of the unreleased security footage reveals that Capitol Police Camera 3173, positioned directly across from the DNC bomb site, was remotely shifted away from the scene at 1:29 p.m. on the fateful day, just before the bomb squad intervened. (Related: New evidence strongly indicates that pipe bombs found on Jan. 6 were PLANTED by the FBI.)

Similarly, Camera 8020, located atop the nearby Fairchild Building, was zoomed in on the bomb squad assembling ...

America is developing a new nuclear gravity bomb that is 24 times more powerful than Hiroshima’s atomic bomb

November 05, 2023 - The U.S. Department of Defense is developing a new and more powerful version of the B61 nuclear gravity bomb to modernize its nuclear arsenal and deter possible nuclear threats from China and Russia.

Hans Kristensen, a nuclear weapons expert at the Federation of American Scientists, explained that the B61-13 will employ the same warheads from the 1980s- and 1990s-era B61-7s, fitted into the same casing and tail kit as the B61-12.

According to ...

DEBT SURGE ALERT: $8.9T government debt to mature, $1.4T budget deficit expected in 2024

February 14, 2024 -

The Federal Reserve has also been running down its balance sheet by $60 billion per month. The bottom line, experts said, is that someone will need to buy more than the said amount in U.S. government bonds. It is more than one-third of the U.S. outstanding federal debt and more than one-third of the country’s gross domestic product (GDP).

According to education platform Apollo Academy's Chief Economist Torsten Slok, this is going to be a particular challenge when the ...

DEBT REVOLUTION? Tens of millions of student loan borrowers stage “massive student debt strike”

January 04, 2024 -

Activists say that this is not just a temporary lapse but a "massive student debt strike" as borrowers continue to wait for the White House to implement its long-awaited student loan forgiveness program.

"Faced with the impossible choice of feeding their kids, keeping a roof over their head, or throwing an average of $400 a month into the Department of Education [DoE] incinerator, borrowers are rightly choosing to keep themselves and their families financially afloat," ...

National debt hits record-high $32 trillion two weeks after suspension of debt ceiling

June 21, 2023 -

According to the nation's treasury data, the national debt is currently at $32.03 trillion. The Congressional Budget Office estimates the country's deficit for the fiscal year 2023 to be near $1.4 trillion, driving the national debt even higher.

The debt ceiling deal, which also included tens of billions in spending cuts demanded by Republicans in the House of Representatives, will allow the government to borrow whatever it wants until the end of 2024 when the debt ceiling ...

U.S. Treasury running out of new buyers of debt, enters debt spiral thanks to reckless government spending

December 06, 2023 -

Expenditures increased due to the recent economic downturn but they also saw it increasing at an alarming rate even outside of crisis periods. Mises Wire, a contemporary news and opinion site, reported that government expenditures skyrocketed during the 2020 crisis, but even ignoring those spikes, annual spending has increased by about $1.6 trillion since 2019. Also, tax revenues are not keeping up, which means ever-deepening deficits. Tax receipts have only increased by about ...

Germans told to turn their homes into bomb shelters

February 09, 2024 -

With only 579 functional bomb shelters in Germany, the government is counting on its citizens to convert their own homes into "fallout" shelters, setting up their own reinforced shelters in places such as basements and garages, in case a major war breaks out in Europe. Also, Bild quoted the head of the Federal Office of Civil Protection and Disaster Assistance Ralph Tiesler in saying that building new shelters by the government is "no longer feasible" due to time constraints....

Credit card DEBT has SOARED, thanks to BIDENFLATION

November 15, 2023 -

According to the Federal Reserve Bank of New York's (New York Fed) Quarterly Report on Household Debt and Credit released Nov. 7, credit card balances hit a new high of $1.08 trillion during the third quarter. This grew from a mere $48 billion from the previous quarter, and jumped by a record $154 billion compared to the number from a year ago.

This huge YOY leap is the biggest since the New York Fed began tracking household debt and credit data in 1999. Its report ...

FedEx founder issues dire warning about ‘unsustainable’ government debt

February 20, 2024 -

(Article by Tom Ozimek republished from TheEpochTimes.com)

Mr. Smith was asked during an interview on Fox News for his opinion on projections from the Congressional Budget Office (CBO) that U.S. federal debt held by the public will go from 99 percent of gross domestic product (GDP) in 2024 to a record 116 percent in 2034, before pushing above 170 percent by midcentury.

He replied by saying that warnings about the level of government spending adding to America’s ...

Ukraine uses French-made bomb equipped with laser guiding technology against Russia

a month ago -

Remix News reported that members of the Ukrainian Air Force (PS-ZSU) used the Highly Agile Modular Munition Extended Range (HAMMER) bomb to attack Russian troops. Sources from both sides of the battle lines confirmed the deployment of the laser-guided HAMMER bomb on March 5.

Drone footage released by the Ukrainian military showed the precision-guided munition hitting Russian positions in the town of Kozachi Laheri in southern Ukraine on March 4. It featured the bomb with ...

MORE VIOLENCE: Senator Lindsey Graham wants Biden to bomb Iran’s IRGC headquarters

January 03, 2024 -

The South Carolina Republican senator sat down with "Fox & Friends" hosts and insisted that President Joe Biden's administration bomb Iranian oil fields and the Islamic Revolutionary Guard Corps (IRGC) headquarters, arguing that Tehran was behind both the attacks on U.S. bases in Iraq and Syria and the harassment of Israeli-linked cargo ships in the Red Sea.

"I have been saying for six months now: Hit Iran," Graham said. "They have oil fields out in the open, they have ...

Debt-ridden Evergrande faces liquidation order from Hong Kong court

January 29, 2024 -

(Article by Blessing Nweke republished from YourNews.com)

The default of Evergrande two years ago already had a profound impact on global financial markets. Now, with the court-ordered liquidation, concerns are escalating, causing a more than 20% drop in Evergrande shares in Hong Kong, leading to a suspension of trading.

China’s property sector, contributing to a quarter of the world’s second-largest economy, faces potential turmoil, impacting the ongoing efforts ...

The world is sitting on a powder keg of debt

December 21, 2023 -

(Article by Michael Maharrey republished from SchiffGold.com)

One of the major reasons is debt.

The world is buried under record debt levels and the global economy can’t function in a high interest rate environment.

Fed officials know that and it is certainly one of the reasons they don’t want to raise rates any higher and hope to bring them down as soon as possible.

Over a decade of easy money policies incentivized borrowing to “stimulate” the ...

Annualized federal debt interest cost surpasses $1T, Bloomberg analysis reveals

November 13, 2023 -

According to the analysis released on November 7, the figures are twice the interest costs over the past 19 months and are the equivalent of 15.9 percent of the federal budget for fiscal year 2022. The estimated interest expense is calculated using U.S. Treasury data which states the government's monthly outstanding debt balances and the average interest it pays.

"The worsening metrics may reignite debate about the United States fiscal path amid heavy borrowing from ...

Fifty-two countries on verge of debt default, UN warns

July 19, 2023 -

At a recent meeting of G20 ministers in India, the subject of debt relief was brought up as a follow-up to the publishing of a UN report the week prior detailing the fact that half the planet is on the verge of defaulting.

The point of the meeting, which took place in Gandhinagar, Gujarat, was to try to work through a way to restructure the debt held by the worst-off developing nations, but very little progress, if any, was made.

"I think the bottom line is, as of ...