By Ryan McMaken
The Treasury Department posted its latest revenue and spending totals this week, and deficits continue to mount at impressive speed.
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By Ryan McMaken
The Treasury Department posted its latest revenue and spending totals this week, and deficits continue to mount at impressive speed.
This is due to the inflation that is already in the United States ? or to the uncontrolled printing of the same government ? and we are talking about Baiden's management because Trump has not yet taken office.
It's what they're on pace for already. This projection is based on the first month of the new fiscal year (which is not the same as the calendar year, for some obscure reason), so it is still the Biden administration.
So legally they continue to denigrate or take away value from the currency, that is, the 💲 dollar.
Yeah, Congress passes funding resolutions and the President oversees the spending.
But what measures should they take to reduce spending? Because from what I know they were spending more than what was coming into their economy and that is totally harmful.
There are lots of good options, but they aren't likely to do them:
That's how the government is, that's how the system is. They know the solution but not the practice.
The bitcoin reserve wont help in any way. The usa needs to get their spending on a tighter leash.
Hopefully, that's coming soon.
Have to wait and see what kind of shitstorm trump brings
Someone is getting $2T in assets backed by the full faith and credit of the United States people.
And, bitcoin's purchasing power tends to increase at 9x the rate of money printing.
Chart?
Pocket change
Late stage 🤡 🌍
That's very bad!