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.
Meanwhile, here’s Don Jr. worshipping at the feet of another demon god in India.
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The village of Piddington has voted for independence from the United Kingdom and to become a self governing village in a landslide vote.
91% Voting Leave
This comes after news that over 3,000 illegal migrants are to be dumped in their village.
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Ukraine looking to seize assets of UOC’s Family Affairs Department
https://orthochristian.com/180404.html
The Sixth Administrative Court of Appeal opened proceedings on September 22 in the case, which was filed by the state service against the religious organization known as the Synodal Department Mission of the Ukrainian Orthodox Church for Family Affairs. The agency wants the department liquidated and all its property, funds, and other assets—except for liturgical items—transferred to state ownership.
Disgraced Former Harvard President Claudine Gay Rehired to Teach Course on ‘Politics of Race and Immigration’
These studies suggests that blood donated by COVID-19-vaccinated individuals may contain biologically active vaccine-derived constituents that could cause adverse clinical outcomes in recipients.