The US Budget Deficit Is Worrisome, Dudley Says 

Always very worrisome but only at election time lololol

The US economy since 1971 getting off gold standard, is required to continuously run deficits. World governments welcomed a fiat currency system and have all entrusted the US to be the issuer of the world reserve currency. Essentially a lot of wealth creation is a function of money supply expansion. The US cannot risk not running a deficit otherwise wealth creation will slow and economies may start to use other means of currencies. I am not sure why the US is using financial sanctions so strongly. This is a major policy mistake as it incentives countries to perhaps start thinking of building assets denominated in other currencies. But to summarize the world’s wealth is dependent on the US dollar. Unless other world governments begin to build new reserve assets denominated in other currencies..the world is enslaved to the US dollar.

Given how much the Federal Reserve has already expanded its balance sheet, what are the chances that the Fed starts a policy of interest rate suppression if they deem interest rates on treasuries to be excessive? The did so after WW II when debt to GDP was high - they might do so again.

bye bye American stock and hallo under valued state own Chinese / HK stock with 7-8% yield, payout 30%, PE below 4 and 40-90% under its quantitative fair value. Did I also mention zero dividend tax and zero capital gain tax as a local buying these stock.

These same people have been yapping about the same looming debt catastrophe for hundreds of years. I wonder if we’d accept a weatherman being wrong for that long?

Billioneires should start paying taxes...all tax burden on payroll slaves...end favorable cap gains rate...why paycheck is taxed much more than cap gains?

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Who cares?

what a tool

No shit you say there Bill……you’re really a genius big boy.