Interest payments are a b*tch, suckers--this is how the "bankers" (really counterfeiting criminals) enslave the people, suckers

[Apollonian]

Interest payments on $34 trillion US national debt will exceed DEFENSE spending this year - as legendary investor Paul Tudor Jones says a 'debt bomb' set to go off in US​

• US federal debt hit $34 trillion earlier this year - reaching a new record high
• Interest payments will also leapfrog Medicare spending in 2024, forecasts show
• Billionaire investor Paul Tudor Jones has warned about 'unsustainable' spending

By TILLY ARMSTRONG ASSISTANT CONSUMER EDITOR FOR DAILYMAIL.COM
UPDATED: 08:33 EST, 20 February 2024

Link: https://www.dailymail.co.uk/yourmon...payments-national-debt-defense-spending.html/

Interest payments on the US national debt will eclipse defense spending in 2024, grim new projections show.
Federal debt is at a historic high, having hit a staggering $34 trillion earlier this year.
Interest payments on this debt are now the fastest growing part of the federal budget, according to the nonpartisan Congressional Budget Office.

They jumped above Medicaid last year, and will rise above defense and Medicare later this year. The former is health coverage for people with limited income, and the latter is mostly for over-65s.
It means by the end of 2024, interest payments will be the second largest government expenditure. Only Social Security will be a bigger cost.
Net interest has been exploding over the past few years, with payments nearly doubling from $352 billion in 2021 to $659 billion in 2023.
In 2024, the federal agency predicts interest will total $870 billion - and surge past $1 trillion annually by 2026.

Interest payments on the US national debt are set to eclipse defense spending in 2024, grim new projections show

Paul Tudor Jones said that the economy appears strong, but under the surface it is actually on 'steroids'
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As interest rates rise, so too do the federal government's borrowing costs.
As a share of the economy, total interest on the national debt is forecast to hit 3.1 percent of GDP this year.
According to bipartisan group the Peterson G. Peterson Foundation, the government spends more than $1.8 billion a day on interest payments alone, which it says is a threat to America's economic future.
For years, the US was able to borrow cheaply as interest rates remained at historic lows during the Covid-19 pandemic.
But as the Federal Reserve has continued to hike rates, borrowing costs have ballooned for Americans - and for the government.
The central bank has raised interest rates 11 times in a year and a half, bringing the benchmark rate to a 22-year high of between 5.25 and 5.5 percent.
While the Fed has indicated that it may lower interest rates this year, analysts now expect this will not happen before May at the earliest.
It comes after legendary hedge fund manager Paul Tudor Jones warned that 'unsustainable' government borrowing has led to a 'debt bomb' which is on the verge of exploding in the US.
The investor, who has a net worth of $8.1 billion, said that the economy appears strong - but under the surface it is actually on 'steroids' that are masking major problems.

US national debt has reached a record high - hitting $34 trillion for the first time in history
Last year, the US deficit effectively doubled to $1.7 trillion.
'We've got a 6 percent, 7 percent budget deficit. We're fast-forwarding consumption like crazy. It should be going gangbusters because we got an economy on steroids. It's unsustainable,' Jones said in an interview with CNBC earlier this month.
The founder and chief investment officer of Tudor Investment Corporation said the danger of this excessive fiscal spending is being masked by a strong economy and, in particular, a boom in artificial intelligence.
This, he argued, is improving productivity - and masking the unsustainability of government spending and borrowing.
He said: 'The only question is does that manifest itself in the markets, or when does that manifest itself in the markets.
'It could be this year, it could be next year. Productivity may mask and it might be three or four years from now but clearly, clearly, we're on an unsustainable path.'

 

[Apollonian]

FOX News guest comes on, tells about the funding problems for such as soc. security and medicare, etc.--and slight fact that we're bankrupt now w. a 34 trillion dollar debt already as it is.

 

[Apollonian]

Here's the black-guy who works for FOX News, Charles Payne, and what he says about the criminal counterfeiting scam, the US Federal Reserve central-bank of issue

 

[Apollonian]

Here's good useful discussion and hist. rendition of the conditions in USA at time of consideration of the 1st BUS (bank of USA)--which turned out to be a dud (though they don't discuss the aftermath, just the beginning conditions), though later there was to be a second BUS instituted in 1816, by Pres. Madison who was seeking a means of finance, as for the War of 1812, which however was over before the actual beginning of the 2nd BUS, but that also is another story. What is horribly glossed over is the INCREDIBLE, OVER-WHELMING, ABSOLUTE power of a central bank, which in the present case of US Federal Reserve bank, becomes totally over-powering for its power, dwarfing all power of law and/or reason, completely re-shaping and re-forming the entire culture, including religion, judicial, and EVERYTHING.

 

[Apollonian]

The Insanity In Our World Is Driven By Money Printing​

BY TYLER DURDEN
SUNDAY, MAR 24, 2024 - 11:50 AM
Authored by Marty Bent via BombThrower.com,

Link: https://www.zerohedge.com/personal-finance/insanity-our-world-driven-money-printing/

Fix The Money, Fix The World​

This chart has been making the rounds on Twitter this week and I think it’s a good image to send you freaks into the weekend with.


It’s easy to get swept up in the chaos of the day-to-day volatility that exists in our world. Recently, our minds have been inundated with headlines about illegal immigration, squatters and the degradation of private property rights, war across the world, small battles within the larger “culture war”, increasing prices, and the decisions made by central banks around the world. In the midst of all of this chaos it is important to take a step back and remind yourself of what lies at the core of most of these issues; the fact that we’ve completely broken money.
When you break money, the most important tool humans use to facilitate economic activity, a ripple effect of negative consequences begins to emanate from the root of the world’s engine. Those ripples create the momentum that leads to chaos that we are witnessing today.
Broken money leads people to store their value in sub optimal vehicles like housing. This drives the cost of real estate up unnaturally and increases the gap between the “haves” and the “have nots”. Sowing seeds of animosity. Seeds that, when left to germinate and grow via the further degradation of the money people use, blossom into ugly flowers of Anarcho Tyranny.
This has manifested in the trend of people claiming other’s houses by squatting in them when they are left unattended for an extended period of time. The preferential treatment that has been given to squatters over homeowners in recent years can be seen as the regime which controls the money printers throwing the plebs a bone as they struggle to get by, an attempt to push the productive class to violence against a state unwilling to respect private property rights, or a combination of the two.
Broken money incentivizes governments to allow their borders to be bum rushed by cheap laborers who will take low paying jobs that enable the systemically fragile economy to keep chugging along while simultaneously increasing the chaos that already exists and diluting the values that the natives of this country believe in.
The excess and decadence enabled by a world run on broken easy money allows people to live in a detached reality that leads them to push objectively false narratives. This is why there are running debates about gender and a retreat from merit based compensation.
All of this stems from broken money.
The chart above should act as a reminder to you all that the biggest problem in the world right now is the money. The chart above should also prove to you that the most powerful people throughout the economy are going to fight tooth and nail to protect the broken money because they benefit massively from the fact that it is broken.
Keep this in mind as the chaos increases and narratives begin to form around using bitcoin as money.
* * *
Get on the Bombthrower mailing list here and receive a free copy of The Crypto Capitalist Manifesto, which outlined all this. However, by the time you read this it may already be too late to sign up for The Bitcoin Capitalist Letter: new subscriptions will be closed once Bitcoin hits a new all-time high.
Follow Marty’s Bent via TFTC.io

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[Apollonian]

How the Fed is Juicing Stocks to Help the Biden Administration​

BY PHOENIX CAPITAL RESEARCH
WEDNESDAY, MAR 27, 2024 - 8:48

Link: https://www.zerohedge.com/news/2024-03-27/how-fed-juicing-stocks-help-biden-administration/

Yesterday, I detailed how the Fed is a political entity… and it leans left.
By quick way of review…
1) The Bernanke-led Fed launched QE 3 just three months before the 2012 Presidential election. At the time, the economy was growing, unemployment was falling, and there were no signs of systemic duress in the financial system. So this was a clear intervention to aid the Obama Administration’s 2012 re-election bid.

2) The Fed kept rates at zero for seven of the eight years President Obama was in office. Once it finally got around to raising rates, it engaged in one of the feeblest hiking schedules in history, raising them only once in 2015
and once in 2016.
3) Donald Trump won the 2016 Presidential election in a major upset to the political establishment. At that point the Fed suddenly began raising rates three to four times per year while simultaneously draining $500 billion in liquidity from the financial system.
It is possible that the above items are all coincidence. It’s also possible that Bigfoot could actually be Elvis living in disguise in the woods.
So what is the Fed up to now?
It’s trying to help President Biden win the 2024 Presidential election by juicing the two asset classes that have the largest impact on Americans’ net worth (stocks and housing ).
Today we’ll be assessing the stock market.
The Fed is supposed to be draining liquidity from the financial system via its Quantitive Tightening (QT) program. However, the Fed is ALSO providing $155 BILLION in liquidity via its overnight credit facilities. To put that into perspective, it’s more liquidity than the Fed was providing via this facility in MARCH 2009 right after the worst financial crisis in 80 years!

As if that’s not egregious enough, the Fed is ALSO providing nearly $500 billion in liquidity via a process called Reverse Repurchase Agreements.

Small wonder then that the stock market has been roaring higher. The Fed is providing EMERGENCY levels of liquidity to the financial system at a time when the economy is growing! So much for QT!

In the very simplest of terms, the Fed is juicing stocks higher to boost the Biden Administration’s 2024 re-election bid.

And rest assured, I’ll detail how the Fed is doing the same thing with housing in tomorrow’s article.
The good news is that those investors who are properly positioned for this stand to see extraordinary gains.
On that note, the FREE copies of our Special Investment Report detailing three investments that will profit from the next round of inflation are rapidly being reserved. So if you want reserve one, you better move fast!
To pick up your copy, go to:
CLICK HERE NOW!
Graham Summers
Chief Market Strategist
Phoenix Capital Research, MBA
Contributor posts published on Zero Hedge do not necessarily represent the views and opinions of Zero Hedge, and are not selected, edited or screened by Zero Hedge editors.
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