We know what’s coming and we are prepared.
Disastrous: US almost couldn't borrow money
Yesterday, the US government attempted to borrow $24 billion by selling some fresh 30-year debt.
It was a huge disaster.
In order to attract enough buyers, the rate had to be raised sharply.
And even so, the major US banks had to buy 25% of the debt because there were no other buyers at all. Even frequent buyers like Japan didn't participate this time.
With buyers catastrophically scarce, the US government is borrowing more than ever and has no intention of stopping.
It has borrowed $1.5 trillion in the last 4 months and has announced another $1.5 trillion in the next 6 months.
Well, if they really want to borrow such amounts, they will be forced to offer ever higher rates to attract lenders.
And we all know what the high interest rates are doing to the economy…
The Biden administration's debt isn't just getting more expensive to service. It's also getting harder and harder to sell at all.
Miatta Fanbulleh is Liberian.
She is now in charge of Britain's Energy Security.
Meanwhile this is what Liberia looks like:
Beaches covered in excrement.
No waste management.
Absolute filth.
THE COST OF THE AMERICAN DREAM HAS EXPLODED.
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Owning a home.
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Buying groceries.
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Driving to work.
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Paying insurance.
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Even your morning coffee.
Nearly every major household expense costs dramatically more than it did just a few years ago.
Over the last 7 years:
• Coffee: +127%
• Home prices: +60%
• Auto insurance: +51%
• Gasoline: +49%
• Electricity: +44%
• Shelter: +35%
• Groceries: +33%
And that's before paying for healthcare, transportation, or eating out.
This is why so many families feel like they're falling behind even when they get a raise.
The biggest financial problem for millions of Americans is that everything is going up at the same time, while the government keeps showing a 2% inflation target.
🄳🄾🄾🄼🄿🤖🅂🅃🄸🄽🄶
Biohacker Bryan Johnson claimed he cloned himself as a newborn for the purpose of providing him blood and cells.
