Financial Sense

The $1.3 Trillion Dollar Black Hole In The Economy

The answers can be found in the red and yellow bars above, representing Federal government spending and state and local government spending.  Federal spending rose by $700 billion, and state and local government spending rose by $300 billion.  (With the state and local spending being funded by Federal government  transfers that have been netted out, so it is really almost all growth in Federal spending.)  The private economy plummeted by $1.3 trillion while the government economy soared by $1 trillion, and we were left with what looks like a much more manageable $300 billion shrinkage, the kind of economic change…
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The Dollar Collapse; Another Factor To Consider

A reader sent me an article this morning which I thought would be a useful piece for my readers to incorporate into the puzzle.  It was written by Jeff Nyquist of the Strategic Crisis Center which is a non-profit that he founded to help educate Americans on national security issues; mainly Russia and China. As you watch the video, keep in the mind that Russia and China recently reached an agreement to trade each others currencies without converting to the US dollar as the middle man.  I ask my readers to watch the video and read the article in their…
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