US Ramps Up Debt Issuance, Adding Fuel to Selloff in Treasuries…
The US Treasury is selling bonds to fund deficit spending. Awarding contracts in the billions, throwing more money at Ukraine, subsidizing foreign Chip companies in the US, artificially hiking inflation, and filing false and fraudulent charges against Trump and affiliates is a brutal plague. The Plague has infected all the sailors and the ship is sinking as commanders commandeer the lifeboats and bail.
Third quarter, July thru September, the Treasury will issue $1.007 trillion in bonds backed by the ‘faith and credit’ of the US. An additional $852 billion is expected to be sold 4th quarter.
The US government interest on debt has doubled in the 2 ½ years of Biden’s nonPresidency reaching just shy of $1 trillion the second quarter 2023. Since 2005, the debt has tripled. The added debt by Biden will literally ‘break the bank’. Running on fumes.
US debt spurs greater inflation. It stagnates growth. It devalues the dollar. And makes America less sustainable. Debt to GDP is pushing 130% – and represents the largest debt in the world.
Overextended debt makes The People beholden to the government as wage value plummets.
Game Plan: To create a totalitarian rule before the 2024 election.
The countries buying the most gold include: Singapore, Turkey, China, India and Russia. The countries not buying are Europe and North America.
According to Blackrock, gold has been outperforming stocks this year by a small margin. Their strategy is dependent on whether the Federal Reserve starts to back off rising interest rates. For the short term, rising pricing in gold is a signal the economy is faltering. Selling Treasuries on top of the signal is more like a ‘fire alarm’.
The stock market took a hit and gold will be their answer.
The Economist and democrat donors have demanded that the talking points for the Biden White House be about how swell the economy is, how great the numbers are, how profitable their methodologies have been… A swoon to woo clueless Americans into yet another hypnotic trance.
- “Stocks Could Have A Record Year Thanks To A Resilient Economy” ~Oppenheimer
- “The economy and asset prices have proved more resilient than feared…” ~The Economist
- “US Economy Looks Healthy And Resilient” ~ UOB Group… Therefore Feds should continue to raise interest rates.
- “Fitch Lowers US Credit Rating: White House Claims the Downgrade Defies Reality”
- “The Current Level of Inflation Still Makes It Impossible To Lower Interest Rates” ~ Bank of International Settlements
Fitch Statement: The past 20 years have witnessed a “a steady deterioration in standards of governance” in the U.S., the debt-ceiling agreement notwithstanding.
Fitch goes on to blame Social Security and Medicare costs as the primary culprit in the Federal Deficit spending, further igniting a depopulation of the elderly pivot.
Fitch is owned by Hearst. The current Chair is William Randolph Hearst III. A devout democrat/rhino and graduate of Harvard.
Despite the White House seemingly on the defensive over the Fitch rating, it is more than likely coordinated and purposeful. A market correction is inevitable.
In 1987 the average return on the DOW was 2.3%. In 1992 it was 4.2%. Then in 1996 the DOW effectively was couped and returns began an inflated fraud of doctored manipulation: 1996 average return – 26%, 2013 – 26.5%, 2017 – 25.1%.
On June 3rd, after a prolonged standoff – Joe Biden signed into law a bill suspending the United States’ $31.4 trillion debt limit through January 1, 2025. According to CNN, “Treasuries are denominated by the US dollar, the world’s leading reserve currency — a position unlikely to be supplanted by another form of exchange”. But, of course that is exactly what is occurring throughout the BRICS, dropping the dollar and initiating sovereign units and crypto exchanges.
China, Russia, Brazil, India, ASEAN nations, Kenya, Saudi Arabia, Venezuela, Argentina, and the UAE are now using local currencies in trade. Dropping the dollars dominance could effectively spiral America into a 1930 Germany scenario. Leaving US Treasuries worthless. In 2022, central banks across the world bought a total of 1,136 tons of gold, up 152 percent year-on-year.
Nothing is coincidental. Including the Fitch Rating. Contrary to the magic-mushroom queen, Yellen, concerns about the US dollar and doubts about its credibility will prompt more countries to flee from investment and trade in this monetary reserve. The nail in the coffin would be for the Treasury to reveal US gold reserves are not what has been reported…
Isolation of the American economy is the end goal of the Regime. The Fall of Europe and Canada is a coupling event. Sanctions and wars have been the primary tools. Our combined governments have played their Hollywood roles as markers for the Cartel while allowing judicial realities to be usurped and plunged into darkness.
Out of darkness comes absolute chaos. Out of Light comes a New World. The choice is ours to make.