Tag: budget deficit of $3 trillion

THIS WAS A TEST, AND WE FAILED

“The Truth, when you finally chase it down, is almost always far worse than your darkest visions and fears.” ~ Hunter S. Thompson

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I think Hunter S. Thompson is being proven right by revelations becoming obvious daily. I’m a natural skeptic, so I rarely believe anything I’m told without verifying facts, analyzing data and understanding the motivation of those making declarations and assertions. For most of my life I thought I generally understood how the world worked.

Doubts about my understanding began to creep into my mind between 2000 and 2008, as I watched my government cover-up the truth about 9-11, use it to institute an Orwellian surveillance state through the Patriot Act, invade Iraq based upon a false narrative of WMD and links to 9/11, and watching those controlling the Federal Reserve create the dot.com bubble and follow it up with a housing bubble – all done to benefit Wall Street banks, billionaires, connected politicians, and Deep State apparatchiks.

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A MAN’S GOTTA KNOW HIS LIMITATIONS

A man's got to know his limitations (HD) - YouTube

As I’ve been observing the actions and justifications of men like Jerome Powell, Anthony Fauci, Andrew Cuomo, Joe Biden and Donald Trump during this self-inflicted global depression, I can’t help but channel the iconic American actor Clint Eastwood and his most famous role – Dirty Harry, when assessing whether they have an understanding of their limitations. If a man doesn’t know his limitations, he can ruin his own life.

When men in positions of immense power don’t know their limitations, they can ruin the world, destroying the lives of millions and propelling the world towards a catastrophic financial collapse and likely global conflict. Our benevolent leaders act as if they know what is best for mankind, when they are actually flailing about blindly, corrupted by their own power and wealth, leading us on a path to destruction, because their immense egos won’t allow them to humbly admit their dreadful mistakes and take corrective actions.

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Budget Deficit Hits Record $3 Trillion As US Spends 100% More Than It Collects YTD

Via ZeroHedge

Those who have been following the record surge in US public debt (excluding the roughly $100 trillion in off-balance sheet obligations), which exploded by $3 trillion in the three months following the covid shutdowns and which hit an all time high $26.7 this week, will be all too aware that the US budget deficit this year – and every year after – will be staggering.

Sure enough, in the latest just released deficit report, the Treasury announced that in August the US burned through another $200BN, which was a sharp increase from the $62.9 billion deficit in July when  government receipts soared thanks to the July 15 tax date even as spending remained in the stratosphere. That said, the number was an “improvement” from the record $862 billion deficit recorded in June.

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