The Operating System of the US Government
Robbing Peter to pay Paul is not a durable line of work. Peter put in his money, but only in hope of a return that did not exist. Sooner or later, he would want it back.
Commentary
It’s the Debt Stupid, Part Duh
The bills, great or small, are still unpaid. They are among the $40 trillion worth of accumulated federal debt that must be serviced every year, for ever and ever and ever. Amen.
It’s the Debt, Stupid
Western governments used to be able to fill budget gaps by borrowing money. Now, the debt is gargantuan…interest payments are surpassing national ‘defense’ costs…and interest rates are going up.
All Bubbles End in Deflation
When the feds are going to print money, the dollar becomes a hot potato. They aim to get rid of it as soon as possible. Sales go up in the short run. In the longer run, the economy is destroyed.
A Bigger Bite of the Hot Dog
Here’s Mishtalk.com with disheartening news:
America’s Yard Sale
Oil may sell for $100 a barrel, delivered to the refinery. But it may cost more than $100 to deliver it. That’s why most of the world’s oil ‘reserves’ remain in reserve.
