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.
The reportedly Jewish Transgender shooter is all of a sudden a "Young White Male," and therefore we need to disarm ALL YOUNG WHITE MEN, according to lesbo-looking Fox News commentator Trey Gowdy.
The talking points have been dispensed, and they are quickly trying to spin this hate crime against Christian Whites to be a 2A and “antisemitism” issue.
Don’t let them get away with this.
🇺🇸 Texas Republican Congressional candidate Valentina Gomez is going viral after releasing her new campaign ad of her lighting the Islamic Quran on fire, saying Islam must be stopped "once and for all."
"Muslims can f*** off to any of the 57 Muslim nations."
"I will end Islam in Texas, so help me God," Gomez said, running for TX-31
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