Will Americans Spend More this Holiday Season?

“Shop ’til you drop” might not play as well this year…

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UK Economy Worst Hit Since 1709

Wasn’t there a Dr. Who episode about that winter?

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Low Rates Encourage National Debt

Like refinancing and spending even more

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Ted Cruz has recently made mention of the national debt being a concern for Republican politicians despite recently helping to add trillions of dollars to it.

A dude has his beard cut to the same length as his hair. | “Crypto Currencies’ Red Sea” by Jim Makos is licensed under CC BY-ND 2.0

Recent pandemic relief has pushed the debt over 27 trillion dollars, an amount which raises concerns of some people.

In 2016, while campaigning, Trump said he would eliminate the debt within 8 years.

Almost all countries in the have a debt to GDP ratio under 1, where the US is not above 1. Traditionally, being above 1 is seen as dangerous, but people are saying that it’s ok in our situation.

Listen to this guy talk about the debt in 2012 when it was around only 16 trillion.

Sweden has a debt to GDP of about 0.35

By Michael Carver
October 27, 2020 7:43 PM

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Congress Fails to Pass Additional Stimulus

House Leader continues to talk with the Executive branch.

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United States Capitol Building
“United States Capital Building” by redlegsfan21 is licensed under CC BY-SA 2.0

The federal government is bound and determined to deliver another massive stimulus package to the US citizenry, but they just can’t decide how to do it.

In this recently denied legislation, $300 per week additional unemployment and about $500 billion total aid were attempted.

Even just the talk of stimulus is having a negative effect on the value of the dollar.

Currency debasement is nothing new.

Despite there being a whole lot more money flying around from recent stimulus and more to come, It isn’t quite the same as printing money since it comes in the form of debt. But experts say we shouldn’t worry about additional trillions of debt.

Josh Hawley keeps trying to hold Big Tech accountable tho.

This stimulus was an amendment to the UIGHUR Act of 2019. ¯\(°_o)/¯

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