The United States Government is so broke, and in such poor cash-on-hand position, it is holding two Treasury Auctions: One seeking $80 Billion for four WEEKS; the other seeking $70 BILLION for eight weeks.
Unknown right now as to what Interest rate is being offered but the Interest Rate is the least of the matter.
The crux of the matter is simple:
- They don't have enough money to keep going for FOUR WEEKS??????
- They don't have enough money to keep going for EIGHT WEEKS ??????
They only collected the Income Taxes three months ago, by April 15. Where did all that money go?
Since when does an allegedly "sovereign" government, need to take the equivalent of Paycheck loans?
The real dicey part is worse: What if no one buys the T-Bills? What if no one lends them the money?
What happens THEN in four weeks? What would happen THEN in eight weeks?
HAL TURNER SNAP ANALYSIS
This struck me as very worrisome. The auctions would tie-them-over until September 1, when the new Budget Year begins, but why an auction . . . don't they have enough money to get through two months?
The big question is what happens if no one bids? What happens if no one lends them the money? Well, the appointed T-Bill Sellers are REQUIRED to "buy" the issuance, which likely means the Banks would have to go to the federal reserve for loans to buy the Treasury issuances.; slight-of-hand for monetizing the debt.
But that dog don't hunt anymore. The world is wise to the tricks the US has been pulling which got itself into more than thirty-seven TRILLION of debt. So what if no one bids, and these Treasury issuances are monetized; and the world turns around and says to the USA "Enough of these Shenanigans. Your currency is now worthless because there's nothing backing it." Then what? Does it all immediately fall apart?
Yesterday, President Trump did something that demonstrated just how dire the US government's money predicament actually is. He told the world that any country adopting the "anti-American BRICS system" will face a ten percent additional trade tariff. That sounded strong and confident It wasn't.
Take a look at the new reality in our world:
BRICS countries now account for:
46% of Global GDP PPP (The G7 = 29%)
55% of world population (The G7 = 10%)
45% of global oil production (The G7 = 29%)
50% of global GDP growth (The G7 = 20%)
46% of global electricity (The G7 = 25%)
79% of aluminum production (The G7 = 1.3%)
40% global manufacturing (The G7 = 30%)
62% of global steel production (The G7 = 17%)
Trump should be careful who he threatens… because BRICS has become far more powerful economically than the US.
But truth be told, Trump is already keenly aware of this. He HAS to be. So why the bravado? Ego? Desperation?
Which leads me back to s story I published earlier:
180° Turn: Trump Now Says "Putin a Bad Guy; Have to Give Ukraine More Weapons"
Maybe this sudden change in attitude and approach to the Russia-Ukraine conflict is explicitly designed to trigger World War 3. Maybe the only hope the US Government has is to trigger a calamitous war, so when they collapse financially, they can BLAME IT on "the war" in the hope of weaseling their way out of being blamed.
It was, after all, the United States Congress that approved the spending of EVERY CENT of the $37+ TRILLION Debt. No department of government can borrow or spend any money at all, unless and until Congress appropriates it. CONGRESS is solely and exclusively to blame for the US Debt because under the US Constitution, only Congress can tax and spend.
Maybe starting World War 3 is so essential to them now, they are also considering attacking Iran - AGAIN!
Just this morning, the United Arab Emirates announced the cancellation of all Civilian Flights to and from Iran, until at least July 18. Why would they do that unless they KNOW the conflict is going to start again?
Only now, the Russians and the Chinese are much more involved. China just gave Iran new, state-of-the-art, mobile air defense missile launchers and is selling them fighter jets; allegedly capable of detecting US F-22 "Raptors" and even US/Israel F-35 "Stealth" jets.
Russia is also now providing fighter jets to Iran.
Why all this activity if the "war" is done? Well . . . . the obvious . . . . the war is NOT done.
So if they can't goad Russia into World War 3 via the Ukraine Conflict, maybe they can do it via a renewed Iran conflict? Maybe get both Russia and China involved in THAT?
Either way, it seems to me we are heading straight into a catastrophe for the entire world, driven by the US Debt and the need of those who spent it, to divert attention from them Bankrupting our nation. It's THAT simple.
