machinehead's picture

Airman Ben Comes a Cropper

In March, 'Airman Ben'  Bernanke -- head space cadet at the Federal Reserve -- announced a plan to buy up to $300 billion of medium-term Treasurys, ostensibly to drive interest rates down. I invite you to review the results, as shown in the chart below. On the day of the annoucement, yields screamed southward from 3.00% to almost 2.50%. Then, in a classic 'news reversal,' they proceeded to rise for five days straight.


Massive Federal Deficits Announced - Time to Prepare

This report for subscribers goes hand-in-hand with this Rolling Stone article by Matt Taibbi. These are your "must read" articles of the weekend.

Together, they point out the urgency of our current situation and that the continuation of the status quo behaviors of protecting the banking profits of well-connected insiders and continuing to be less than forthright with ourselves (Fuzzy Numbers) are rapidly diminishing the prospects for a gentle and favorable outcome.



Executive Summary

  • US federal deficits reported to be $9.3 trillion over the next decade
  • Fuzzy Accounting means these deficits are actually vastly under reported
  • Actual deficits closer to $6 trillion per year, or $60 trillion over the next decade
  • Deficits defined and explained
  • Risk of a dollar collapse only increasing
  • You need to step up your personal efforts at mitigating the potential impacts of a US currency crisis

The Congressional Budget Office just announced that the fiscal deficits of the federal government are going to be a lot larger than previously estimated. This news was taken in stride by the financial markets, especially the FOREX markets where the dollar is traded, but it will only be a matter of time before these massive deficits are recognized for what they are - signs of terminal illness for the financial prospects of the US, and, by extension, the dollar itself.

It is vital that you understand the true extent of the illness, and the ways in which we systematically sugar-coat and under report the true magnitude of the situation by the use of Fuzzy Numbers - in this case, more accurately described as Fuzzy Accounting.

In this report I will explain how to interpret the reported deficit, demonstrate the actual size of the rue deficit, and then make the case that you should seriously consider stepping up your personal efforts at preparing for an uncertain future. » Read more

investorzzo's picture

Obama unveils far-reaching $3.6 trillion 2010 budget

This is just out and out scary...........

glen's picture

GW Bush et alia's Christmas gift for the country -- a projected $1.2 trillion deficit for 2009

CBO released estimates today for the 2009 budget. 

CBO's figures don't account for the huge economic stimulus bill Obama is expected to propose.

CBO report: