Tag Archives: national debt
now watch the five-year treasury
Forgive us our debts, as we forgive our debtors . . . Financial markets have long watched the 10-year and 30-year treasuries because they have long been considered a good indication of long-term interest rates. While I’m sure they are still interesting, I think a more important number to watch now may be the 5-year [...]
Posted in uncategorized Also tagged 5 year treasury, debt, national bankruptcy, omnipotent government, rollover risk, treasury bonds, treasury yields, united states Leave a comment
our downhill trip with debt continues
The United States has moved to a new low. Related Posts:now watch the five-year treasuryDo you know what rollover risk is?I’m not the only one . . .Does this make me alarmist? Maybe . . . Misconceptions of the day: our 55 trillion national debt is pretty much held by China
US debt > 100% of GDP
That’s right. As of today, the sovereign debt of the United States of America is larger than the total production of the entire country in 2010. We have crossed one more signpost on the road to the collapse of fiat currency. Gold crossed $1670 last night, so the dollar now buys less than 1/47th of [...]
more on the tea partiers and the proposed debt deal
In this article, we have spelled out the difference between neocons and tea partiers. The critical difference is that while neocons are willing to invade anything and make whatever domestic spending compromises are necessary to get the Democrats on board, tea partiers are divided on the wars and not willing to increase public spending for [...]
A brief collection of deceptive words and phrases
For those having trouble understanding what’s going on in the current debt debates, understanding the terms below are the beginning of understanding our present situation. You may notice that overall, there are more deceptive words and phrases by Democrats than by Republicans that made it on this list. Maybe that’s because I’m biased anti-Democrat. Or [...]
Posted in uncategorized Also tagged balanced budget amendment, bipartisan, bush, class envy, clinton, compromise, credit rankings, default, democrats, extremism, fair share, full faith and credit, hostage-taking, ideology, loopholes, millionaires and billionaires, moderates, partisan, patriotic, republicans, revenue, revenue enhancement, sophie's choice, surplus, tax cuts for the rich, tax hikes, war 3 Comments
Do you know what rollover risk is?
If not, read this essay. Rollover risk is why the American warfare-welfare state as we know it is finished. The United States is about to lose all financial credibility. It will be unable to finance its massive social and military spending. There is simply no way to continue the current charade. The exact question is [...]
Obama threatens Social Security default
He hasn’t said it directly. But anyone who watches finances carefully knew that sooner or later, it would come up. Social Security is an unsustainable monster that must be put down, but even talking about giving it a haircut instantly angers a whole bunch of retired voters. Still, it’s simply not workable long term, and [...]
Keynes and Hayek, second round
So, here’s the current state of things: National debt: $14,366,000,000,000.00 — $128,824 per taxpayer. Inflation: the dollar as lost 3.5% of its value over the last year [1]. Annual deficit: $1,355,000,000,000.00 — $12,241 per taxpayer. Price of gold: $1563.13 per ounce — up 31% over the past year. Price of silver: $47.88 per up — [...]
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