In the 1st Quarter of this year, the Fed borrowed $488 billion...the largest amount for any Quarter in our history. The Treasury Secretary claims that the Bond Market is "robust", and can handle the borrowing. In fact, that Market has peaked and is trending down. It's starting to collapse. Our Debt is a Bubble sitting on a pin.
That amount of borrowing plus the Repub Tax Cuts plus other factors = a big rise in price inflation, probably within a year or so. Mnuchin (Treas. Sec.) says it's good to have a little inflation..."We want wages to increase." Better hope inflation doesn't exceed the increase in wages; and sorry, but most likely it will. It's almost there already...only .5% away from the last wage increase numbers.
So much for fiscal responsibility. Those in the Congress and the White House who claim to be "Conservatives"...aren't. NeoConservatives are a horse of an entirely different color.
Try as they may, the Establishment (including Trump & Crew) cannot avoid the metrics of the overdue Economic/Financial Crash on the horizon. According to a study by Deutsche Bank, countries that don't properly manage their Debt experience a huge increase in Financial shocks, shocks that can severely damage the economy. That has been our path every 7-12 years since the 1973-1975 Recession. You can thank the Fed, the Mega Bank Casino Capitalists, and most of our DC politicians. It should be obvious that the bombastic Trump & Crew are not significantly changing anything for the better. They aren't draining the swamp; they're draining the country of a decent future. Take a look at USDebtClock.org ...not just the upper left corner, but the entire table/chart.
Not only my opinion. Be Well
p.s. Another reminder: I'm not a Democrat or a Republican.
