Trump is inheriting a built-in deficit of $10 trillion over the next decade under current policies that are built in. Yet, he wants more defense spending, not less. He wants drastic sweeping tax cuts for corporations and individuals. He wants to spend more money on border security and law enforcement. He’s going to do more for the veterans. He wants this big trillion dollar infrastructure program. You put all that together and it’s madness.
“I think what people are missing is this date, March 15th 2017. That’s the day that this debt ceiling holiday that Obama and Boehner put together right before the last election in October of 2015. That holiday expires. The debt ceiling will freeze in at $20 trillion. It will then be law. It will be a hard stop. The Treasury will have roughly $200 billion in cash. We are burning cash at a $75 billion a month rate. By summer, they will be out of cash. Then we will be in the mother of all debt ceiling crises. Everything will grind to a halt. I think we will have a government shutdown. There will not be Obamacare repeal and replace. There will be no tax cut. There will be no infrastructure stimulus. There will be just one giant fiscal bloodbath over a debt ceiling that has to be increased and no one wants to vote for.”
The Jobs Americans Do (jdargis)
In 1950, service work made up about 40 percent of working-class labor in the United States. By 2005, that share had climbed to 56 percent, according to data from a 2013 analysis by the economists David Autor at M.I.T. and David Dorn at the University of Zurich. The available evidence, Autor said, suggests that this trend has continued “very rapidly” over the last decade, increasing the share of American workers who work in the service industries.
During Japan’s go-go 1980s, Hiromi Shibata once blew a month’s salary on a cashmere coat, wore it a few times, then retired it. Today, her daughter’s idea of a shopping spree is scrounging through her mom’s closet in Shizuoka, a provincial capital.
Brownback, a Republican who once called his tax policy a “real-live experiment” with conservative principles, had vetoed a bill that would have repealed the most important provisions of his overhaul. While the state House voted to override the veto earlier in the day, proponents of the bill came up three votes shy of the two-thirds majority needed in the Senate. Fifteen Republican senators voted to override the veto, while 16 voted to sustain it.
It should be clear that the US Treasury (owner of the gold), US Mint (main custodian), Federal Reserve Bank Of New York (second custodian), and the Office Inspector General of the US Treasury (head auditor), are reluctant to disclose information about the audits of the gold at the four largest depositories that store over 8,000 fine metric tonnes. Consider that the most seasoned gold analysts aren’t even aware this gold is audited.
Further details concerning 2016 show that renewable energy sources have also spiked. Last year, the U.S. created 22 gigawatts of new renewable-energy-generating capacity. 12.5 of these gigawatts were generated from the solar industry. The wind industry contributed 8.5 gigawatts, and the remainder was comprised of additions from hydropower, biomass, biogas and waste-to-energy.
Don’t Give Up Your Gold (Tiffany D.)
However, when there is uncertainty in the market, shaky economic growth or geopolitical discord, gold shines as a safe haven in the storm. When stocks are getting hammered, investors will run to gold as a safe way to store some of their greenbacks rather than just converting it to cash and stuffing it under their mattresses.
Gold & Silver
Provided daily by the Peak Prosperity Gold & Silver Group
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