Best of the Week
Most Popular
1.UK General Election BBC Exit Polls Forecast Accuracy - Nadeem_Walayat
2.UK General Election 2017 Seats Final Forecast, Labour, Conservative Lib-Dem, SNP - Nadeem_Walayat
3.UK General Election 2017 Forecast: Conservative 358, Labour 212 Seats - Nadeem_Walayat
4.Theresa May to Resign, Fatal Error Was to Believe Worthless Opinion Polls! - Nadeem_Walayat
5.UK House Prices Forecast General Election 2017 Conservative Seats Result - Nadeem_Walayat
6.The Stock Market Crash of 2017 That Never Was But Could it Still Come to Pass? - Sol_Palha
7.[TRADE ALERT] Write This Gold Stock Ticker Down Now - WallStreetNation
8.UK General Election Results Map 2017 vs 2015 vs Opinion Polls - Nadeem_Walayat
9.Orphaned Poisoned Waters,Severe Chronic Water Shortage Imminent - Richard_Mills
10.How The Smart Money Is Playing The Lithium Boom - OilPrice_Com
Last 7 days
Nether Edge By Election Result: Labour Win Sheffield City Council Seat by 132 Votes - 23rd Jun 17
Grenfell Fire: 600 of 4000 Tower Blocks Ticking Time Bomb Death Traps! - 22nd Jun 17
Car Sales About To Go Over The Cliff - 22nd Jun 17
LOG 0.786 support in CRUDE OIL and COCOA - 22nd Jun 17
More Stock Market Fluctuations Along New Record Highs - 22nd Jun 17
Understanding true money, Pound Sterling must make another historic low, Euro and Gold outlook! - 22nd Jun 17
Green Party Could Control Sheffield City Council Balance of Power Local Election 2018 - 22nd Jun 17
Ratio Combo Charts : Hidden Clues to the Gold Market Puzzle - 22nd Jun 17
Steem Hard Forks & Now People Are Making Even More Money On Blockchain Steemit - 22nd Jun 17
4 Steps for Comparing Binary Options Providers - 22nd Jun 17
Nether Edge & Sharrow By-Election, Will Labour Lose Safe Council Seat, Sheffield? - 21st Jun 17
Stock Market SPX Making New Lows - 21st Jun 17
Your Future Wealth Depends on what You Decide to Keep and Invest in Now - 21st Jun 17
Either Bitcoin Will Fail OR Bitcoin Is A Government Invention Meant To Enslave... - 21st Jun 17
Strength in Gold and Silver Mining Stocks and Its Implications - 21st Jun 17
Inflation is No Longer in Stealth Mode - 21st Jun 17
CRUDE OIL UPDATE- “0.30 risk is cheap for changing implication!” - 20th Jun 17
Crude Oil Verifies Price Breakdown – Or Is It Something More? - 20th Jun 17
Trump Backs ISIS As He Pushes US Onto Brink of World War III With Russia - 20th Jun 17
Most Popular Auto Trading Tools for trading with Stock Markets - 20th Jun 17
GDXJ Gold Stocks Massacre: The Aftermath - 20th Jun 17
Why Walkers Crisps Pay Packet Promotion is RUBBISH! - 20th Jun 17
7 Signs You Should Add Gold To Your Portfolio Now - 19th Jun 17
US Bonds and Related Market Indicators - 19th Jun 17
Wireless Wars: The Billion Dollar Tech Boom No One Is Talking About - 19th Jun 17
Amey Playing Cat and Mouse Game with Sheffield Residents and Tree Campaigners - 19th Jun 17
Positive Stock Market Expectations, But Will Uptrend Continue? - 19th Jun 17
Gold Proprietary Cycle Indicator Remains Down - 19th Jun 17
Stock Market Higher Highs Still Likely - 18th Jun 17
The US Government Clamps Down on Ability of Americans To Purchase Bitcoin - 18th Jun 17
NDX/NAZ Continue downward pressure on the US Stock Market - 18th Jun 17
Return of the Gold Bear? - 18th Jun 17
Are Sheffield's High Rise Tower Blocks Safe? Grenfell Cladding Fire Disaster! - 18th Jun 17
Globalist Takeover Of The Internet Moves Into Overdrive - 17th Jun 17
Crazy Charging Stocks Bull Market Random Thoughts - 17th Jun 17
Reflation, Deflation and Gold - 17th Jun 17
Here’s The Case For An Upside Risk In The Global Economy - 17th Jun 17
Gold Bullish on Fed Interest Rate Hike - 16th Jun 17
Drones Upending Business Models and Reshaping Industry Landscapes - 16th Jun 17
Grenfell Tower Cladding Fire Disaster, 4,000 Ticking Time Bombs, Sheffield Council Flats Panic! - 16th Jun 17
Heating Oil Bottom Is In.(probably) - 16th Jun 17
Here’s the Investing Reason Active Funds Can’t Beat Passive Funds—and It Worries Me a Lot - 16th Jun 17
Is There Gold “Hype” and is Gold an Emotional Trade? - 16th Jun 17
The War On Cash Is Now Becoming The War On Cryptocurrency - 15th Jun 17
The US Dollar Bull Case - 15th Jun 17
The Pros and Cons of Bitcoin and Blockchain - 15th Jun 17
The Retail Sector Downfall We Saw Coming - 15th Jun 17
Charts That Explain Why The US Rule Oil Prices Not OPEC - 15th Jun 17
How to Find the Best Auto Loan - 15th Jun 17
Ultra-low Stock Market Volatility #ThisTimeIsDifferent - 14th Jun 17
DOLLAR has recently damaged GOLD and SILVER- viewed in MRI 3D charts - 14th Jun 17
US Dollar Acceleration Phase is Dead Ahead! - 14th Jun 17
Hit or Pass? An Overview of 2017’s Best Ranked Stocks - 14th Jun 17
Rise Gold to Recommence Work at Idaho Maryland Mine After 60 Years - 14th Jun 17
Stock Market Tech Shakeout! - 14th Jun 17
The #1 Gold Stock of 2017 - 14th Jun 17

Market Oracle FREE Newsletter

The MRI 3D Report

US Government Hits Its Debt Target (Ceiling) Again As Trump Has No Plan To Reduce Government

Interest-Rates / US Debt Mar 17, 2017 - 10:26 AM GMT

By: Jeff_Berwick

Interest-Rates

Many people fell for Donald Trump’s pre-election promises, but we warned there would be no major changes made and that Trump was an elite insider.

How right we were.

Here was a list of his biggest promises and how he has already backtracked on all of them:


Putting Hillary Clinton in jail.

    This was a big one for a lot of people as Killary is a massive criminal. But, within seconds of being elected, Trump reminded people of their decades long friendship and said that he would not be going after Hillary because the Clintons “are good people”.

Rescinding Obamacare

    So much for that, Trump made a few minor tweaks and it essentially remains the same.

Building a wall across a continent and making Mexico pay for it.

    Forgetting for the moment that this wall would be a testament to stupidity and it, and Trump’s other protectionist measures, would destroy the US economy and US dollar… and that the wall is probably to keep Americans in at some point and that immigration from Mexico to the US is at a 40 year low. Forgetting all that, Trump actually plans to tax Americans twice for it. Once in the form of billions of dollars in expenditures to build the wall over decades and another in the form of charging Americans 20% more to buy Mexican products (which is mostly in the form of food and petroleum).

And, many people assumed that when Trump said he was going to drain the swamp, reduce the size of certain government departments and reduce regulation, that he was going to reduce the size of government as a whole.

Nope, not at all. Trump has just come out with his budget and it puts the US government into just as much debt as Obama did.

This is from Trump’s budget:

The core of my first Budget Blueprint is the rebuilding of our Nation’s military without adding to our Federal deficit. There is a $54 billion increase in defense spending in 2018 that is offset by targeted reductions elsewhere. This defense funding is vital to rebuilding and preparing our Armed Forces for the future.

Notice he says it won’t increase the size of the “deficit”. This is not the same as the debt. What it means is that he will still put the federal government into hundreds of billions of dollars per year more debt… but he won’t increase the amount he is putting it in debt over what Obama did.

He is closing some museums and firing some totally useless people at departments like the EPA (which should be closed entirely along with every other department of the federal government) but is increasing expenditures on the US Empire’s terrorist network, the Pentagram, also known as the Department of Offense, by tens of billions of dollars.

This is a military, by the way, that spends more than every other country’s military in the world combined! That’s the same Pentagram by the way, that said it lost over $6 trillion recently and doesn’t know where it is.

And so, now, under Donald “big government” Trump, the US government has yet again hit their debt target.

They call it a ceiling, but if you hit something nearly every year since the “debt ceiling” was created in 1917 you might as well call it a target. Because it certainly isn’t a ceiling!

The current US federal government debt is $19,865,505,000,000. That is $8,550,505,000,000 more than it was when Barack O’Bomber took his seat in the Oval Orifice in 2008.

And, given Trump’s new budget, this will not be the last “debt ceiling”. He has no plans to reduce the amount of debt that the US government puts its tax slaves, and even unborn tax slaves, into every year.

In other words, there really is no difference here from Bush, to Obama to Trump. All continued on with criminal wars and occupations and all continued to plunge the US into unfathomable debt.

And all of them like to create a big show about the raising of the debt ceiling, like they would ever not raise it. It’s just a big show to see how many indoctrinated, brainwashed citizens will beg for their own enslavement when the government threatens to close a few national parks.

It is all a show. All scripted. And people keep falling for it.

But nothing important is going to change. Trump is just the new boss, same as the old boss. The wars, debt and tyranny will continue on.

In our TDV Summit, the videos of which will be released in just hours, we go over a lot of what to expect from Trump and how to protect yourself and profit from the tyranny. You can get access for a discount until they go live by clicking here.

As for Trump, y’all who believed in him got fooled again. Who wrote a song about that?

Anarcho-Capitalist.  Libertarian.  Freedom fighter against mankind’s two biggest enemies, the State and the Central Banks.  Jeff Berwick is the founder of The Dollar Vigilante, CEO of TDV Media & Services and host of the popular video podcast, Anarchast.  Jeff is a prominent speaker at many of the world’s freedom, investment and gold conferences as well as regularly in the media.

© 2017 Copyright Jeff Berwick - All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

Jeff Berwick Archive

© 2005-2017 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

Catching a Falling Financial Knife