Banana Republic Money Debasement In America

There are many falsehoods being perpetuated these days when it comes to money, financial markets, and the economy. But when you cut the chaff, three related facts remain: Uncle Sam needs your money. He needs a lot of your money. And he needs it bad!

According to the Congressional Budget Office, the federal budget deficit for the first two months of fiscal year 2020 is $342 billion. This amounts to $36 billion more than the deficit recorded during the same period last year. At this rate, Washington’s going to add over $1 trillion to the national debt in FY 2020.

Still, the figures from the CBO aren’t all bad. Revenues in October and November of 2019 were 3 percent higher than they were in October and November of 2018. Regrettably, outlays for these two months were 6 percent higher in 2019 than they were in 2018.

Jacks and Jennets both know from experience that taking three steps forward and six steps back is an inefficient way to lose ground. They also know that the longer this goes on the more ground you lose. So, too, they know that the more ground you lose the harder it is to make up.

For example, after the big three budget items – Medicare, Social Security, and Defense – comes Interest on Debt. Presently, Interest on Debt is over $375 billion. However, the debt is growing by over $1 trillion a year. By this, the Treasury is losing ground.

Moreover, when interest rates rise, and as the pile of government debt approaches $40 trillion over the next decade, interest on the debt will quickly jump to well over $1 trillion. This will put merely the interest on debt at par with expenditures for Medicare and Social Security, and well above Defense.

This is why Uncle Sam needs your money. But how he gets your money is a recipe for disaster…

Dotards Anonymous

President Trump doesn’t want to raise taxes, especially in an election year. He wants to cut taxes. Because voters love tax cuts…so long as they’re not for the rich.

The proven method for a Presidential incumbent to stay in office is to cut taxes and increase spending. And this is precisely what Trump is doing. Spending is increasing two times faster than revenue.

So how will Uncle Sam get your money? He’ll get it by doing more of what he’s already doing. He’ll get it via greater and greater deficits.

When Uncle Sam expands the money supply through deficit spending he effectively dilutes wealth from the dollar. But for Uncle Sam it doesn’t matter if he waters down the dollar to a lite beer. He gets the newly created money first. And he gets to spend it while the money can still lay claim to real labor and resources.

John Maynard Keynes succinctly clarified:

“By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens.”

https://economicprism.com/banana-republic-money-debasement-in-america/

Is Western Media Credible Anymore?

Western media is spreading fake news and fabricating stories with evil intentions. Western Media is biased and creating unrest and chaos in various parts of the world. Media is being used by the Western world to coerce, influence and achieve their ill-political motives. Unfortunately, Western Media is already dominating and controlling public opinion throughout the world.

Let me give you a particular example of the BBC (British Broadcasting Corporation). BBC reported that the Saddam Hussain regime in Iraq possesses Weapons of Mass Destruction (WMD). America along with its allies attacked Iraq, destroyed Iraq, killed millions of people, damaged Infrastructure, Power Houses, Telecommunication, Hospitals, Schools, Churches, Mosques, Roads, Industry, Oil Wells, Refineries, etc. Finally noticed that there were no Weapons of Mass Destruction (WMD). Later on, the British Prime Minister of that time, acknowledged that the BBC news was not accurate, and information about WMD was not correct. But after damaging a country totally and harming millions of people, pushing Iraq into stone ages, one’s mere apology may not be accepted and may not be forgiven by humanity, irreversible damage to Iraq may never be forgotten by the history.

It is worth mentioning, Iraq was a very stable, oil-rich, and total welfare state under President Saddam Hussain. Education, health care was free of cost to its citizens, plenty of food, variety of food was available abundantly. Electricity was available in all parts of the country in abundance sufficiently. Fuel and items of daily use were available everywhere conveniently. The society was very much stable, satisfied and living a comfortable life. All factions of the society were enjoying harmony and was a tolerant society. It might be possible a few exceptionally politicians opposing the ruling party “Bath” or President Saddam Hussain, were victimized. They might be few in numbers or two digits only. But the vast majority of the nation was comfortable with the rulers.

But after the US war on Iraq, today, people of Iraq are facing a shortage of food, fuel, electricity, medicines, and items of daily life. No free education and health care are provided by the government. The society is extremely polarized, intolerance and factionist are very much common. Terrorism, lawlessness, and chaos are witnesses everywhere.

Is publically apology is sufficient to cool down the suffering of millions of Iraqis? Can anyone ignore the dirty role of the BBC? Is it possible, people of Iraq forget the BBC? Can the victim forgive the BBC?

https://www.investmentwatchblog.com/is-western-media-credible-anymore/

YouTube thought police starts purging ‘veiled & implied threats’ under vague new guidelines.

Internet and media personalities have come out in force against YouTube’s crusade against “harassment,” worried that the extremely vague and ill-defined new rules will be used to selectively target users for their political views.

Announcing the move in a blog post on Wednesday, YouTube said it was revamping its harassment rules in response to criticism, taking aim at “implied threats,”“personal attacks” and “malicious insults” hurled on the platform, especially those based on “protected attributes” like race or gender.

Under the new rules, the company will also take a more aggressive approach to scrubbing comment sections, where it says it deleted some 16 million posts just last quarter. While YouTube maintains that it won’t go after comments that are merely “negative or critical,” detractors said the new guidelines are vague, providing neither clear “lines” nor “guidance.”

https://www.investmentwatchblog.com/youtube-thought-police-starts-purging-veiled-implied-threats-under-vague-new-guidelines/

https://twitter.com/M2Madness/status/1197540465224175616?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1197540465224175616&ref_url=https%3A%2F%2Fdailysounder.com%2Fnew-money-trail%2F