John Rubino over at Dollar Collapse – Mon 29 Jan, 2018

US GDP Up But Savings Rates Are Down

Recently economic growth has continued but it has been slow. When we look a the US we are seeing decent GDP but savings are diminishing. John Rubino from shares his insights on the increased debt in our system and how the US is only going further down the debt hole.

Click here to visit John’s site.

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  1. On January 29, 2018 at 11:59 am,
    OOTB Jerry says:
  2. On January 29, 2018 at 12:04 pm,
    CFS says:

    Don’t you think it might be because the Taxation rate is too high?

  3. On January 29, 2018 at 12:07 pm,
    CFS says:

    Wages effectively stagnant for decades, but tax rates ever going up…….. the only way to maintain standard of living is to borrow more and more.

  4. On January 29, 2018 at 12:11 pm,
    CFS says:

    When it comes to DACA, the dreamers, a recent Harvard study shows that they cost taxpayers (for education, medicaid, housing, etc) over 7 times what the DACA candidates pay in taxation themselves, putting the US an extra 100 Billion in the hole each year.

  5. On January 29, 2018 at 12:17 pm,
    CFS says:

    You do realize, Cory, there is little chance of the FOMC raising rates.

    Raising rates would kill the stock market.

    The right thing to do would be to raise rates, but the Fed is spineless.

  6. On January 29, 2018 at 12:59 pm,
    CFS says:

    US Treasury Says Government Borrowing Will Hit 8-Year High
    By MARTIN CRUTSINGER – Associated Press – 17 minutes ago

    WASHINGTON (AP) — With the government’s budget deficit rising, the Treasury Department announced Monday that it expects to borrow $441 billion in the current January-March quarter, the largest amount in eight years.

    The Treasury said this figure compares to actual borrowing of $282 billion in the October-December quarter. It will be the largest borrowing need since the government borrowed $483 billion in the January-March quarter of 2010, a period when the government was using stimulus spending to try to lift the country out of the Great Recession and provide support to the banking system after the worst financial crisis in seven decades.

    The government’s borrowing needs have been rising as federal deficits have increased. The deficit for the 2017 budget year, which ended last September, totaled $665.8 billion.

    CFS comment: And you don’t expect the dollar to eventually collapse?
    Keep watching for flying pigs.

  7. On January 29, 2018 at 1:11 pm,
    CFS says:

    Tyson Foods Invests In Firm Trying To Make Meat From Cells
    Associated Press – 4 minutes ago
    SPRINGDALE, Ark. (AP) — Tyson Foods Inc. has invested in a food-tech startup that’s developing methods to produce meat directly from animal cells.

    The Arkansas-based company announced Monday that its venture capital arm, Tyson Ventures, now has a minority stake in Memphis Meats. The terms of the deal haven’t been disclosed, but Memphis Meats says it expects to use the funds to accelerate product development.

    Tyson says the investment reflects the company’s commitment to find new, innovative ways of meeting a growing global demand for protein.

    Memphis Meats is based in the San Francisco Bay Area. The company is developing methods to produce meat from animal cells, which would eliminate the need to breed or slaughter animals.

    Is there any truth in the rumor it will be sold under the tradename Soylent Red?

    • On January 29, 2018 at 1:22 pm,
      OOTB Jerry says:

      Tyson……was drug running for the CLintons……

    • On January 29, 2018 at 1:39 pm,
      irishtony says:

      CFS….I see what you did there…very good.

  8. On January 29, 2018 at 1:16 pm,
    Ebolan says:

    Dang, sounds like John is speaking Chinese for about 10 seconds there around the 8:02 mark.

    • On January 29, 2018 at 3:12 pm,
      Cory says:

      Good catch Ebolan. Something went wrong when converting to mp3. It should be fixed bow! Thanks buddy.

      • On January 29, 2018 at 6:21 pm,
        Ebolan says:

        Glad I could be of help for a change…I guess even a blind squirrel finds a nut every now and then. 🙂

  9. On January 29, 2018 at 1:18 pm,
    CFS says:
  10. On January 29, 2018 at 1:24 pm,
    CFS says:
  11. On January 29, 2018 at 1:43 pm,
    CFS says:

    two-Faced McCabe,
    Forked tongue Comey:

  12. On January 29, 2018 at 1:59 pm,
    OOTB Jerry says:

    Planet DEBT…….Japan 1 quadtrillion yen in debt…..twice their GDP

    • On January 29, 2018 at 2:02 pm,
      OOTB Jerry says:

      How in the world are they , that much in debt , without a standing army to pay for…..

      • On January 29, 2018 at 7:10 pm,
        CFS says:

        The debt is deceptive to some extent. because the JCB creates debt, gives the money to the government, which buys bonds, but also shares in companies.
        They have two problems lousy demographics with aging population and inability to sell shares in companies without tanking the stockmarket.

    • On January 29, 2018 at 2:04 pm,
      OOTB Jerry says:

      1 QUADRILLION yen (over $10 trillion)

      • On January 29, 2018 at 6:07 pm,
        Excelsior says:

        I just love saying and reading the number – Quadrillion. 🙂

        • On January 30, 2018 at 4:33 am,
          OOTB Jerry says:

          Sounds like one of those exotic animals………. lol

  13. On January 30, 2018 at 4:42 am,
    CFS says: