The United States government is financing its more than trillion-dollar-a-year borrowing with i.o.u.’s on terms that seem too good to be true.
But that happy situation, aided by ultralow interest rates, may not last much longer.
US Capitol Building with cash
Treasury officials now face a trifecta of headaches: a mountain of new debt, a balloon of short-term borrowings that come due in the months ahead, and interest rates that are sure to climb back to normal as soon as the Federal Reserve decides that the emergency has passed.
Even as Treasury officials are racing to lock in today’s low rates by exchanging short-term borrowings for long-term bonds, the government faces a payment shock similar to those that sent legions of overstretched homeowners into default on their mortgages.
With the national debt now topping $12 trillion, the White House estimates that the government’s tab for servicing the debt will exceed $700 billion a year in 2019, up from $202 billion this year, even if annual budget deficits shrink drastically. Other forecasters say the figure could be much higher.
LINK HERE
1. JP Morgan builds the Titanic and invites the wealthiest families aboard that are opposed to the planning of the Federal Reserve at Jekyll Island and designs on WWI.
ReplyDelete2. The Titanic hits an iceberg and sinks, a million to one shot against. The people opposed to the Fed are gentlemen to the highest degree and drown while others live (unlike their portrayal in movies).
3. The snakes - the Rothschild interests, the JP Morgans (now Chase bank), the Rockefellers, get to work on their masterpiece, the Federal Reserve. Once they start collecting taxes and get their interest-charging machine fired up, they start WWI by planning the sinking another ship, the Lusitania. The banksters love to sink ships.
4. 1913 Fed/1914 WWI and it is all downhill for the USA ever since.
5. Post WWI, Fed engineered Spanish Flu 1918 to cull 50 millions of useless war zombies.
ReplyDeleteFiat currency forever.
ReplyDelete6. 1929 engineered stock market collapse. The Fed was created under the lie that it is there to prevent such economic turmoil.
ReplyDelete7. 1929+ banksters vampire away assets
***
I wonder what the world would be like without these plotters in the shadows. Could we all live together in peace? Better standard of living for all? Technology not hoarded, but shared. Real education, real knowledge. Societies not engineered by fear and ignorance.
The cancer lie would be revealed (it is a deficiency problem, cured in the 50s). Any flu can be stopped dead in its tracks (MMS).
Free energy.
No horrible illnesses from vaccines. No babies suffering autism or death.
No hate-stirring religious crap, farmed by them. No catalysts for war based on hate myths.
No starvation, suffering and early death. No bombs, no useless wars for profit.
I mean the Depression of 2009+ is horrible, but the bigger picture, without the scumbags that own it all - what a wonderful world it could be. Now that would truly be something to be thankful for indeed.
1.07,
ReplyDeletewonder why i print money
and get everybody to print money?
to crash the economy, honey!
"No war happens unless my sons want it to happen" - Queen Rothschild du Mordor
ReplyDeleteGoogle and read 'Rothschild conducts red symphony'