Now that the budget bill has passed Congress, we can see what the projections look like for deficits, government debt, and debt service expenses. In brief, the bill is expected to lead to spending of about $7 trillion a year with inflows of about $5 trillion a year, so the debt, which is now about 6x of the money taken in, 100 percent of GDP, and about $230,000 per American family, will rise over ten years to about 7.5x the money taken in, 130 percent of GDP, and $425,000 per family. That will increase interest and principal payments on the debt from about $10 trillion ($1 trillion in interest, $9 trillion in principal) to about $18 trillion (of which $2 trillion is interest payments), which will lead to either a big squeezing out (and cutting off) of spending and/or unimaginable tax increases, or a lot of printing and devaluing of money and pushing interest rates to unattractively low levels. This printing and devaluing is not good for those holding bonds as a storehold of wealth, and what’s bad for bonds and US credit markets is bad for everyone because the US Treasury market is the backbone of all capital markets, which are the backbones of our economic and social conditions. Unless this path is soon rectified to bring the budget deficit from roughly 7% of GDP to about 3% by making adjustments to spending, taxes, and interest rates, big, painful disruptions will likely occur.
As the saying goes…
“First they ignore you.
Then they laugh at you.
Then they fight you.
Then they add you to the S&P 500.”
…or something like that.
i've heard that market makers are inundating publicly identifiable FARTCOIN whales with requests to loan them fartcoin tokens that they can use to 'secure listings on top CEXs and retail trading outlets'
i know this is true because i was approached by one of the largest market makers in this space with a similar request
the fact that they're approaching me even though my publicly documented FARTCOIN position is in perps shows you how desperate they are
fartcoin is the only token i've seen this kind of crazy interest in, even among MMs
CEXs want to list it, MMs want to quote it, but they're not liquid enough to do so. since there is no 'fartcoin team' they can take loans from, they're resorting to pitching whales on social media for loans
do with this information what you will
We are growing slow and steady, the train started rolling, you might wanna pay attention. History doesn't repeat itself, but it rhymes.
#bnbminer#bnbminerx#bnbminerfomo#bsc#BNBChain#BNB
https://t.co/0Rn94JMXdx
THIS IS THE MOST IMPORTANT VIDEO YOU WILL WATCH IN YOUR LIFE.
My Official #SPX6900 Investment Thesis.
150 Reasons Why SPX6900 will reach $1 Trillion in Market Capitalization.
The BNB Miner @Da_Developer is still by far the greatest highest paying community project, outlasting everything else and has doubled in tvl over the last few days.
Folks which are paying attention are the early whales of the next run. Pay attention to what's going on on bsc.