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.
It's easy to mock this guy, laugh at him, say it's always Gingers etc.
However why are we not asking why, as a society, young men are making life choices like this?
Same as anyone who chooses to go against our natural order with how they live.
Something has gone badly wrong.
“Oregon is using satellites to hunt small farms.”
Farmer Justin Rhodes says the state redefined “CAFO” so even 3 cows and a milking stand count as a factory farm.
Cease-and-desist letters. $100K “upgrades.” Family farms shut down.
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“The fetal bovine serum is just disgusting, and it’s in almost every viral vaccine. They harvest it by inserting a needle into the beating heart of a baby cow to extract its blood. Where is PETA when you need them? The FDA even admits they use ‘cow parts’ because cows are large and have a lot to use.”
@NoAgendaLara
🌊🌎 Climate scientists’ controversial claim Gulf Stream could be near collapse — predicting a new ice age
A key Atlantic current could be pushed to the brink of collapse within decades, supposedly ushering in a new ice age and dramatically raising sea levels, climate scientists have claimed in a controversial new study published in the journal Communications Earth & Environment.
Per the new findings, the at-risk current in question is the Atlantic Meridional Overturning Circulation or AMOC, a “conveyor belt of the ocean” that funnels warm water toward the ocean surface — from the tropics to the Northern Hemisphere.
This current, which includes the Gulf Stream that runs from the Gulf of Mexico to the US East Coast and across the Atlantic to Europe, helps maintain the mild climate of Europe, the UK, and the US East Coast.
The study stated that the source of this marine temperature regulator, the Greenland Ice sheet, is being thawed amid warming temperatures, causing ...