The yields on Treasury bills hit a 16 year high, and they aren’t done. Inflation in the US is killing confidence in the dollar. China has been engaged in moving away from holding US treasuries. They have sold off many debt holdings, going from holding $1.3 trillion in US debt to just over $800 billion- a downsizing of about 40%.
All of this is making it more and more expensive for the US to pay the interest on the $33 trillion that it already owes, and will soon begin affecting the strength of the dollar. The US will have to create money out of thin air in order to cover this as well as still keep sending money overseas. Expect more inflation to come as a result.
The law on this really sucks. If a 12-17 year old comes to the hospital, we are legally not permitted to discuss anything involving reproductive health with anyone that the patient (child) hasn’t permitted, including the patient’s parents.
It gets even more confusing. Let’s say that a 17 year old girl is involved in a car accident. Let’s look at a few scenarios:
Being a minor, she legally cannot refuse medical treatment and must be transported to the hospital, even over her own objections.
If she is pregnant, she can refuse care because the car accident can affect the unborn child, so she is considered to be an adult
If she has a baby in the car but is not pregnant, she can refuse medical care for the baby, because she is the child’s mother, but she cannot refuse care for herself because she is a minor
This is what happens when the government gets involved in anything. They always make it muddier and more screwed up than it needs to be.
As I reported earlier, there is now a shortage in the ammunition market. The old saying goes: Once is happenstance, twice is coincidence, three times is enemy action. This shortage is therefore looking like it’s being caused by government fiat. In the past month:
Rashida Tlaib spoke to and riled a group of protestors today who stormed the Capitol building. When will they be charged with insurrection? When will the FBI raid their homes? When will Tlaib be told that she can’t run for reelection under the 14th Amendment?
This is a prime example of how we need to cut our losses with education. There should be an entrance exam for high school. If you can’t read or do simple arithmetic, you should get turned out at the end of the 9th grade.
the person making the arrest is a Florida cop and the arrestee has committed a felony
the person being arrested has just broken into the home, vehicle, or vessel of the person making the arrest. The person making the arrest won’t be permitted to use deadly force.
This is aimed at allowing criminals to get away with their crimes, because now no one will arrest them. Store security officers won’t be permitted to catch shoplifters. You can’t detain someone that is raping your wife. You won’t be able to tackle a man that just tried to kidnap your child. I’m sure you can think of your own examples.
This is the reality of the Democrat party. They are pro-criminal and anti citizen. Hopefully, this won’t pass Florida’s legislature, just as it hasn’t for the past two years.
SCOTUS has allowed the ban on homemade firearms to go into effect. The courts aren’t going to save you. I once said that the biggest benefit to Trump’s election was his SCOTUS picks. Looks like that particular benefit may not be all it was cracked up to be.
Six years ago, my mother in law was diagnosed with breast cancer. Her loopy, woke, left-wing, granola crunching, pot smoking moron of a sister tried to talk her out of following the advice of doctors and try natural remedies instead of chemotherapy sent her a book written by Suzanne Somers. In that book, Somers claims that she beat breast cancer without modern medicine, and you can too.
Why anyone would take medical advice from a bubble headed blonde whose only claim to fame was starring in a 70’s sitcom that mostly involved John Ritter ogling her tits is beyond me. Still, it’s an issue in the US that I have never understood. Americans seem to be fascinated with the opinions of celebrities on everything from reverse mortgages to medicine to gun control. Why is it that someone being famous for some vapid television show or because they play sportsball seems to make them an authority on virtually any topic under the sun?
It took us several weeks to convince my MIL that treatment was the way to go. Her particular form of breast cancer was easily treatable with chemo and targeted therapy, and that is what she went with. She was miserable when her hair fell out, but with family support and a few wigs, she made it. A year later, there was no trace of the cancer that could have killed her.
“The Federal Reserve owns a lot of government debt,” Braun said. “The Treasury does pay interest payments to the Federal Reserve, but then the Federal Reserve turns around and gives it back to the Treasury — that alleviates some of the issues.”
So we are just paying ourselves? Oh, nothing to worry about, then. We can just borrow another $30 trillion. It will be fine. Take a look at what the milestones the debt has hit over the past year or so:
Date:
Amount of National Debt
October 12
$33.5 Trillion
September 15
$33 Trillion
July 11
$32.5 Trillion
June 15
$32 Trillion
June 2
$31.5 Trillion
Sept 30, 2022
$31 Trillion
This time in 2019, I was posting that the national debt was at $23 trillion. We have borrowed more than $10 trillion in the past 4 years, with a $2 trillion of that being in the last 4 months. The rate of growth in our national debt is exploding.
The debt is growing far faster than the economy. So much for Keynesian economics. We are fast approaching the point where our national debt is 1.5 times the size of GDP. There is no recovering from this. There is no way to pay this off. The only outcome now is economic collapse. The only question is when.
I don’t understand what is going on and why the Feds are on such a spending spree, but what I do know is that this isn’t good. If you look, the US was borrowing about $2 Trillion a year until June of this year. That was scary enough, but there are some serious problems coming up, as this country (with the exception of the pause in the debt ceiling in August) is now borrowing a trillion bucks about every 60 days. This can’t continue, and by definition, anything that can’t continue, won’t.
There is going to be some major inflation coming. Our currency is being devalued like never before. Stock up on the three B’s: Bullets, Beans, Bullion. They are about to become a whole lot more valuable.
