Debt & Deficits

Politicians aren’t just content stealing (‘taxing’) your wealth, they like to steal the next generation’s as well thanks to deficit financing.

We like to keep track too of how Australia’s pollies bribe today’s voters with your money. We love dearly to win as much as those tax dollars back as we can for you.We also make sure you’re aware of the escalating debt around the world and how this impacts on interest rates, currencies and share markets.

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US debt hole
No Way Out of This Black Hole of Debt
Why can’t Congress pass a serious tax reform measure? Because the feds need money. They can only get money from the people who have it — the rich. But the rich control the government and its tax-writing committees. So, the feds are stuck. And so is the entire economy.
US economy
The Greatest Mystery of the 21st Century
US economy is running at about one-half to one-third of the rate of growth during the 1960s and 1970s. And by our estimation, more than half the country has been in a depression for the entire 21st century.
Australia economy going downhill
The IMF Has Read ‘The End of Australia’
The blind pursuit of ‘economic growth’ has delivered us to the point where the end of Australia, as we know it, is now coming into plain view. Finding something to smile about in this sad and sorry state of affairs is not easy.
australian financial markets
The Amnesia Market
Here’s what really sticks the boot in. Global debt is now US$70 trillion (AU$89 trillion) higher than it was 10 years ago. But hey, markets have short-term memories.
US in crisis
Trump Can’t Stop America from Going Broke
As a result, the US empire is headed to bankruptcy…or to Hell. It would take a remarkably talented and determined leader to alter the direction of the march. Donald J Trump will not do that job; instead, he busies himself on Twitter to keep his fans distracted.
Donald Trump
Why Donald Trump Is President
People grumble. But few understand what is going on. Instead, they are easily distracted by debates over monuments…kneeling athletes…red versus blue…celebrity newscasters…and so on. And that’s why Mr Donald J Trump is the president. For this system to continue, someone needs to divert the masses with petty squabbles…while the insiders pick their pockets.
US stocks
A Bitter Winter for US Stocks
After so many years of ultra-low interest rates… and easy credit from the Fed... this whole economy is going into reverse. We are in our fourth decade of the fake-money system. And its distortions and corruptions are now catching up to us.
Australian interest rates
ANZ Economist Predicts Aussie Interest Rate Rise
For a while now, I’ve been convinced the Reserve Bank of Australia (RBA) wouldn’t increase interest rates any time soon. My reasoning is based on low income growth, households drowning in debt, and inflation showing little sign of hitting targets of 2–3%.
us federal reserve interest rates
Can the US Fed get out of this one?
The US Federal Reserve has left the interest rates unchanged at 1% to 1.25%. No surprise there. The thing is, there is something not quite right in the US economy, so the Fed is hesitant to make any sudden moves.
US economy down
The US Economy Is Dead in the Water
Over the next 10 years, the US government is on course to spend $10 trillion it doesn’t have. It has also committed to a further $80 trillion in entitlements for which it has no known source. The only thing that may help the economy now is a major tax reform. But that is almost impossible…
america broken economy
America Is Going Broke…and Nobody Cares
Now, there is more debt than ever. The same people who caused the crisis are still running the banks, the regulatory agencies, the corporations, and all the other institutions that made the crisis possible. We’re going broke…and no one cares.
Australian interest rates
Profiting in a Low Interest Rate Environment
RBA released the minutes of their 5 September Monetary Policy Meeting. Various members of the RBA discussed topics ranging from employment to wage growth and housing activity, and what these could mean for interest rates going forward.