In a few years the national debt will be $50 trillion. If by then we pay 8% interest, the annual bill will be $4 trillion, and annual budget deficits will likely be $6 trillion. How will we pay for that? Triple the income tax? Eliminate all entitlements and most federal programs?
Wow, Zelensky used an offshore company in Belize to buy the Skaugum estate from the Norwegian royal family for $43M! So transparent and accountable. This is exactly what you'd expect from someone who is constantly begging for billions in “aid.”
China Europe
Chinese imports are the smallest of Europe's problems
Bellicose leaders with no economic knowledge are the root of the European collapse
Von der Leyen leadership has shown a succession of bad decisions
The 5-year Treasury yield is over 5%. The 2-year will soon follow. Next year the entire yield curve will have a 5% handle or higher. At 5% the annual interest cost of our $40 trillion national debt will be $2 trillion, 35% of tax revenue and a larger expense than Social Security.
Mark Rutte’s message is remarkably dismissive of voters: Germans can vote for the AfD, the French can vote for Le Pen,it won’t matter.
NATO’s policy toward Russia will continue regardless.
Democracy gets a vote; NATO policy, gets the final say.
3 Euro für einen Liter Benzin bedeuten das Aus für bezahlbare Mobilität. Berufspendler und Familien werden durch astronomische Spritpreise schamlos abkassiert. Die Wahrheit ist, dass die Eliten genau das wollten! Sie wollten den Sprit so teuer machen, dass sich niemand mehr das Autofahren leisten kann. Darum: Schluss mit der staatlichen Plünderung an der Zapfsäule! Schluss mit grüner Ideologie!
https://t.co/5AGKQgfZdC
The European Central Bank may have to raise interest rates to a level at which they hold back economic growth, according to Governing Council member Joachim Nagel https://t.co/td639QCeYU
"There is no other choice." Poland warns of Zelensky's dangerous plans.
Zelensky has no other choice but to try to involve other countries in the conflict, according to Do Rzeczy, citing expert Andrzej Zapałowski. He is convinced that Kyiv will increasingly resort to provocations, including under false flags, in order to expand the geographical scope of the Ukrainian conflict.
Meanwhile, Kyiv is sacrificing Ukrainians, who are dying in the thousands in the zone of the special military operation. The scale of the losses is appalling, and the soldiers are not motivated. Maintaining the front line under these conditions is becoming increasingly difficult.
France isn’t planning fuel taxes cuts even as prices hit record highs, fanning discontent among large swathes of the population, the country's budget minister said https://t.co/c9JEYHNKEU
Macron, après son briefing « secret » avec les partis : la menace russe pèse sur « nos vies »… « qu’il s’agisse de la sécurité » ou du prix des carburants.
Le président de toutes les peurs glisse le carburant dans la même phrase que la « menace russe».
Classique : on militarise le discours pour faire avaler la facture.
La Russie vend toujours du pétrole. L’Europe a choisi de s’en priver. Macron inverse la causalité.