US National Debt

The old world is giving way to a new order. What key political-economic drivers of change are destined to shape our lives in the medium term? According to an adage that is popular in the financial community, economists are sufficiently competent to correctly predict ten out of five recessions. Despite this sobering statistic, I want to venture several conjectures regarding...

AP Images Mitch McConnell In a win for the American people, U.S. Senate Republicans have abandoned the illegal-alien amnesty they called a border security bill. The reason, GOP Senate Majority Leader Mitch McConnell said, is that House Republicans said it would never pass the House. But killing the measure did more than deep-six language that would have imported more cheap...

zimmytws/iStcok/Getty Images Plus The U.S. national debt surpassed $34 trillion for the first time in history on Friday, according to U.S. Treasury data. The growing record debt only highlights the need for political leaders to reduce government spending while making positive moves toward fiscal responsibility.  The national debt is the total of all outstanding government liabilities owed to the public or...

This article was written by Brandon Smith and originally published at Birch Gold Group Several years ago I predicted that the US would ultimately be confronted with the debilitating economic conundrum of stagflation, something which the nation had not seen since the 1970s. I suggested that stagflation would become a household word again and that the majority of American concerns would...

The signs are multiplying that the US and Israel are headed for some sort of mega black swan event. The result will be that both countries cease to exist in their present format. That is because the Federal Reserve Board -the fountain of power for the Satanists- is on the verge of collapse. If it goes, then everything under it,...

AP Images Mike Johnson With a government shutdown set for this Friday, newly elected House Speaker Mike Johnson (R-La.) faced both criticism and support while offering a two-step government funding plan last Saturday that would keep the government operating through early 2024.   The stopgap funding bill, or continuing resolution (CR), would extend funding for a number of federal agencies...

John Whitehead “Political parties exist to secure responsible government and to execute the will of the people. From these great staffs, both of the old parties have ganged aside. Instead of instruments to promote the general welfare they have become the tools of corrupt interests which use them in martialling to serve their selfish purposes. Behind the ostensible government sits...

Vertigo3d/iStock/Getty Images Plus The federal government is now spending more to pay interest on the government’s gross debt of $33 trillion than it does on national defense, according to the U.S. Treasury’s monthly statement.  The reported data totaled government receipts and outlays for fiscal year 2023 through August, noting that over $807 billion has been spent in interest on the nation’s...

David Biesack/flickr Niccolò Machiavelli, the renowned Italian diplomat, philosopher, and writer of The Prince and Discourses on Livy is perhaps not the first name that comes to mind when discussing economics. However, his works contain invaluable insights into governance, power, and the economic stability of commonwealths. In particular, Machiavelli’s warnings against national debt and the expansion of entitlement programs offer...

DNY59/iStock/Getty Images Plus The opening remarks by Federal Reserve Chairman Jerome Powell at Jackson Hole on Friday put Wall Street back to sleep. He said that the Fed is “prepared to raise rates further if appropriate.” That signaled market watchers that the rise in stocks since March will likely continue. The benchmark S&P 500 Index has leapt 15 percent in...

Thomas Jefferson was the third president of the United States of America. He is the main author of the Declaration of Independence. He also secured the Louisiana purchase. This man is none other than Thomas Jefferson. Thomas Jefferson was born on April 13 1743. His father was named Peter Jefferson. Thomas’s mother was called Jane Randolph. Another really interesting thing...

AP Images Steve Womack Multiple Republican chairmen of the 12 House Appropriations subcommittees are voicing frustration about conservatives’ demands to reduce federal spending in the pending fiscal 2024 appropriations bills. Congress is currently working to draft and pass its fiscal 2024 appropriations bills, which must be passed before September 30 to avoid a partial government shutdown. On the House side, one appropriations...

This article was written by Brandon Smith and originally published at Birch Gold Group Perhaps one of the most bizarre recent developments in economic news has been the attempt by establishment media (and the White House) to declare US inflation “defeated” despite all the facts to the contrary. Keep in mind that when these people talk about inflation, they are only...

This article was written by Brandon Smith and originally published at Birch Gold Group Perhaps one of the most bizarre recent developments in economic news has been the attempt by establishment media (and the White House) to declare US inflation “defeated” despite all the facts to the contrary. Keep in mind that when these people talk about inflation, they are only...

Education Secretary Miguel Cardona said on Monday that the department will continue to extend support for student loan holders and look for ways to provide more relief for existing borrowers, two weeks after the Supreme Court struck down a government attempt to forgive millions of such loans. “The goal is to be able to pay what you can afford. Right...

A policy of economic growth that is causing doubt. It was not meant as a compliment when a pink-and-white business newspaper introduced the term “Bidenomics,” a fusion of the words “Biden” and “economics.” The journalists criticized the economic policy of the president whom they hold responsible for excessive inflation, an overheated job market and bloated national debt. However, Joe Biden...

Veronique de Rugy Election season is getting into gear, and that means politicians of all stripes making promises about what they’ll do for the American people if elected or reelected. I’d like to hear promises to get government out of the way and allow entrepreneurship and market competition to spur genuine and sustainable economic growth, including in the energy and...