Valkyrie
Well-known member
[h=1]https://clashdaily.com/2024/05/bidenomics-3-new-data-points-showing-the-economy-is-a-dumpster-fire/
BIDENOMICS: 3 New Data Points Showing The Economy Is A Dumpster Fire[/h]""The two largest banks in the US are declaring a loss on $4.5 billion in debts that customers are unable to pay.Spending like drunken Marxists comes with consequences. Consequences that have toppeled empires in years gone by. Even Rome learned the hard way what happens if you devalue your currency. Your money becomes worthless, and inflation skyrockets. How do you devalue currency in a modern era of Fiat currency? You print more money and take on more federal debt. Biden had done both at a dizzying pace.
The US government’s balance sheet continues to expand at a scorching pace, with more than a quarter of a trillion dollars in debt added in two months.
New data from the Treasury Department’s Debt to the Penny system shows the country’s national debt rose from $34.297 trillion on February 21st to $34.571 trillion on April 24th.
That’s an increase of $273.859 billion in about 60 days.
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BIDENOMICS: 3 New Data Points Showing The Economy Is A Dumpster Fire[/h]""The two largest banks in the US are declaring a loss on $4.5 billion in debts that customers are unable to pay.Spending like drunken Marxists comes with consequences. Consequences that have toppeled empires in years gone by. Even Rome learned the hard way what happens if you devalue your currency. Your money becomes worthless, and inflation skyrockets. How do you devalue currency in a modern era of Fiat currency? You print more money and take on more federal debt. Biden had done both at a dizzying pace.
The US government’s balance sheet continues to expand at a scorching pace, with more than a quarter of a trillion dollars in debt added in two months.
New data from the Treasury Department’s Debt to the Penny system shows the country’s national debt rose from $34.297 trillion on February 21st to $34.571 trillion on April 24th.
That’s an increase of $273.859 billion in about 60 days.
""