Howestreet.com - the source for market opinions

ALWAYS CONSULT YOUR INVESTMENT PROFESSIONAL BEFORE MAKING ANY INVESTMENT DECISION

April 17, 2020 | Update on America’s Deteriorating Financial Situation!

Donald B. Swenson: Born January 24, 1943, Roseau, Minnesota. Graduated H.S. 1961, Moorhead High, Minnesota. Graduated College 1968, Moorhead State University, Minnesota. Designated member of Appraisal Institute (MAI), 1974. Employed with Western Life Insurance Company, 1968 – 71; Iowa Securities Company, 1971 – 73; American Appraisal Company, 1974 – 81. Part-time teacher/valuation consultant/bartender, 1979 – 2008 (taught workshops at Waukesha County Technical Institute, Wi. and Madison Area Technical College, Wi.). Retired 2008 (part time teacher/blogger), AZ. Self educated economist/philosopher/theologian: http://kingdomecon.wordpress.com.

America’s financial situation gets more dire by the day. The stock markets reject all the real numbers (see below) and this fools those who can not think for themselves. As I have said countless times, our virtual/electronic stock markets have ‘decoupled’ from physical production. This means that these virtual/electronic markets can be manipulated Up even as our real economy heads for collapse. Look here for the updated numbers: http://www.usdebtclock.org

1. The budget deficit is now at $2,847,020,000,000 (this increases daily). It’s beyond any solution.
2. U.S. Federal Debt to GDP is now at: 113.03% (this ratio will continue to increase). It points to bankruptcy.
3. U.S. Federal Spending is now at: $6,339,145,400,000 (a number which grows as tax revenues decline).
4. Total Federal, State, Local spending is now at: $9,055,688,000,000 (none of this can continue). Collapse coming.
5. Federal Tax Revenue: $3,492,122,300,000 and declining by the second. State and Local tax revenue also declining.
6. U.S. Total Debt: $77,044,553,900,000 (growing by the second). Reveals bankruptcy for America.
7. Mortgage Debt: $16,250,863,000,000. This number reveals insolvency for home owners as ‘values’ now declining. Real estate prices have peaked and this means debt will exceed value by 2021 (for a growing sector of assets).

Comments: Don’t expect our media or Mr. Trump and his administration to announce any of the above facts. Ignorance is bliss to this crowd. The new game is called MMT (which means that our Fed will create unlimited $$$$$$$$$$$$$$$$$$$ to bail-out anyone who approaches insolvency). Is our central bank ‘nationalizing’ (taking ownership over) all private assets as they fund our bankrupt country?

This appears to be what is happening. The Fed balance sheet goes up and up. Our central bank will own America in a couple of years. Banksters will create their new utopia (a One World Digital Currency) which will then enslave all economic agents (you and I). Amazing trends are happening as I write. Where does it all lead?

It leads to collapse of our American system by the end of 2020. Temporary euphoria will deceive the gullible as they watch our manipulated stock markets go up and up during this time of collapse in the real economy. Who understands that our virtual/digital stock markets are an ILLUSION with no underlying substance. Few seem to comprehend this ILLUSION.

Think for yourself and watch as America collapses financially in the year of 2020. I am: https://kingdomecon.wordpress.com.

STAY INFORMED! Receive our Weekly Recap of thought provoking articles, podcasts, and radio delivered to your inbox for FREE! Sign up here for the HoweStreet.com Weekly Recap.

April 17th, 2020

Posted In: Kingdom Economics

Post a Comment:

Your email address will not be published.

All Comments are moderated before appearing on the site

*
*

This site uses Akismet to reduce spam. Learn how your comment data is processed.