The collapse of the #USΑ debt is guaranteed as the Treasury continues to sell bonds increasing deficit spending.
However, this borrowing is now affecting longer-term bonds trapping #US in a debt crisis from which it will be nearly impossible to recover. #Inflation will not stop anytime soon and the doom of the #USeconomy is more than certain.
Pop some popcorn and enjoy the ride. 🤣

Deutsche Bank sees the chance of a #US recession close to 100%. This is an urgent warning that the #USeconomy will collapse and take the rest of the West with it.
The perfect storm is coming and even a Fed rate pause isn't enough to stave off the inevitable. The inflationary crisis is still here, interest rates will remain high, and that alone is enough to push the US economy into disaster.

I've already started planning the party I'm going to throw that night.

As Janet Yellen admits that #dedollarization will send the dollar to hell, the #US Congress fears a huge dump from #China!
Why is Yellen being asked to prepare for this potential disaster?
It's because the #USeconomy is on the brink of collapse at this point, so a treasury dump by China will guarantee the New #GreatDepression of 2023

The #USdebt ceiling crisis was postponed with a deal reached. But the overspending will continue, sparking an even bigger inflationary crisis down the road. So #inflation is forever and as long as military spending continues to be out of control, it will be the total destruction of the #USeconomy

The destruction of the #USEconomy is now impossible to avoid.

In any case, regardless of the - small - endurance of the #USEconomy, the #G7 and the rest of the #West is doomed as long as it continues to declare submission to #WallStreet and the #USDollar

"Only when a Democrat has been in the White House — Barack Obama, and now President Biden — have Republicans launched a debt ceiling fight that has taken the United States to the brink of a default." - Washington Post reporter Amber Philips' writes in the Post Newsletter called "the Fix"

Clearly she writes - it's the Republicans who use politics take #USeconomy hostage threatening #default. Then why use this headline implying both sides are at fault? #usmedia #uspolitics

If there was any question on how Federal Reserve Chair #JaromePowell, by continuing to raise interest rates, is trying to skew the upcoming presidential election, even his own agency is now predicting a recession in the coming months. #USeconomy

Oh, BTW, Powell is a Republican - surprise, surprise, surprise!

#EconomicNews
#USPolitics
#TaxTheRich

https://finance.yahoo.com/news/feds-own-economists-predict-mild-192639985.html

@vonderleyen is the President of the @EU_Commission with the greatest economic achievements....
for the #USeconomy

#Wealth, shown to scale - excellent interactive graphic showing just *how* much wealth the super rich have, compared to the rest of the planet - "Even the fortunes of very rich people are dwarfed by the incomprehensible wealth of the 0.0001%." Jeff Bezos is far, far wealthier than David Solomon (head of Goldman Sachs), Beyoncé, and Tim Cook combined. This graphical visualization really drives the point home. And yet "Jeff Bezos may be insanely rich, but it is a drop in the ocean compared to the combined wealth of his peers. The 400 richest Americans own about $3.2 trillion, which is more than the bottom 60% of Americans."
https://mkorostoff.github.io/1-pixel-wealth/

#SuperRich #UltraWealthy #Capitalism #HyperCapitalism #UHNW #JeffBezos #Bezos #WealthInequality #USEconomy #USPolitics

2/ “‘If Republicans want to work together on real solutions and continue to grow manufacturing jobs, build the strongest economy in the world and make sure Americans are paid a fair wage, I’m ready,’ Biden said in remarks on the economy in Springfield, Va. ‘But I will not let anyone use the full faith and credit of the United States as a bargaining chip.’” - #Biden #POTUS #USEconomy #USPol #GOP #UltraMAGA #DebtHostage #DebtCeiling #Extremism

President Biden, via #TheLincolnProject: “‘Why in God's name would Americans give up the progress we made for the chaos they're suggesting.’ - Joe Biden today in Virginia. Powerful words from #POTUS as he continues to make good on his promise to strengthen our economy.” https://twitter.com/projectlincoln/status/1618720403299639296?s=61&t=3xkU5xN71MkSIJBT0hUxjg #USPol #Biden #Virginia #GOP #UltraMAGA #Chaos #MAGAThreat #Extremism #DomesticTerrorism #USEconomy #DebtCeiling #DebtHostage

Treasury Department Study: White People Get 90 Percent of the Benefits of Many Tax Breaks

https://www.motherjones.com/politics/2023/01/treasury-department-study-white-people-get-90-percent-of-the-benefits-of-many-tax-breaks/

#BlackMastodon
#USeconomy
#uspolitics

A decades-long broken economy screwed over millennials, and their decision to delay having kids is fueling America’s historically low birth rate

https://fortune.com/2023/01/12/millennials-broken-economy-delay-children-birthrate/

#uspolitics
#USeconomy
#BlackMastodon

The White Wall: How Big Finance Bankrupts Black America

https://nextbigideaclub.com/magazine/white-wall-big-finance-bankrupts-black-america-bookbite/38944/

#BlackMastodon
#usfinance
#uspolitics
#USeconomy

Inflation is easing, even if it may not feel that way

https://www.npr.org/2023/01/12/1148402665/inflation-consumer-prices-federal-reserve-groceries-housing-eating-out

#useconomy
#uspolitics
#BlackMastodon

Weird that not one journalist asked about the economy news. Wonder why? #politics #uspolitics #economy #USeconomy

Coinbase lays off around 20% of its workforce as crypto downturn continues

https://www.npr.org/2023/01/10/1148163220/coinbase-layoffs-crypto-winter-bitcoin

#USeconomy
#uspolitics
#BlackMastodon

FTX bankruptcy documents show list of investors set to be completely wiped out, including Tom Brady and Robert Kraft

https://markets.businessinsider.com/news/currencies/ftx-bankruptcy-equity-investors-wiped-out-tom-brady-robert-kraft-2023-1

#useconomy
#cryptofraud
#BlackMastodon

Scientists Just Invented an Entirely New Way to Refrigerate Things

https://www.sciencealert.com/scientists-just-invented-an-entirely-new-way-to-refrigerate-things

#science
#useconomy
#climatechange
#BlackMaston