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 DollarCollapse.com 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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Don’t you think it might be because the Taxation rate is too high?
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.
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.
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.
I’d like to know why that would be true now but not last month. The Dow is up 8% since the December rate hike.
Maybe Old Yeller…er… old Yellen doesn’t want to take any chances of rocking the boat before she gets out of Dodge.
speaking of rocking the boat…. so far the FED has put the country Titanic voyage…
http://thenewsdoctors.com/wp-content/uploads/2014/05/ben-and-janet-yellen-titanic-e1399073451933.jpg
The FED has played the markets like a banjo……
http://www.freakingnews.com/pictures/123500/Ben-Bernanke-and-Janet-Yellen-Banjo-Player–123840.jpg
Mother Felon was pretty good at Printing….
https://comparesilverprices.com/images/janet_yellen_head_printer.png
…. and she executed her job flawlessly
http://irvinerenter.com/wp-content/uploads/2014/04/Janet_Yellen_easy_Job.jpg
When the Feral Reserve doesn’t make you cry, it makes you laugh…They’re putting a guy name Goodfriend on their board…you can’t make this stuff up.
Here’s a couple of other “Good Friends”…..
http://www.freakingnews.com/pictures/123500/Ben-Bernanke-and-Janet-Yellen-Banjo-Player–123840.jpg
And then of course…… Here is the puppet master:
A real two headed monster…and with Goodfriends like that who needs enemies?
Before they put him on the board they had to change his name to Goodfriend from Evilb@stard…
Oops that was a double post. HERE are the “Good Friends”:
http://www.freakingnews.com/pictures/112000/Janet-Yellen-Hugging-Ben-Bernanke-112427.jpg
Btw, I do not expect a hike this time but I do expect stocks to decline from here.
Matthew, I believe it is a blow off top. It was last month, but just earlier in time.
Hey CFS, I am not expecting a rate hike this week but I think they will be raising again in March. If the markets go through a huge drop this is off the table but other than that expect to hear a lot about the March hike.
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.
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?
Tyson……was drug running for the CLintons……
CFS….I see what you did there…very good.
Dang, sounds like John is speaking Chinese for about 10 seconds there around the 8:02 mark.
Good catch Ebolan. Something went wrong when converting to mp3. It should be fixed bow! Thanks buddy.
Glad I could be of help for a change…I guess even a blind squirrel finds a nut every now and then. 🙂
Greg Hunter:
two-Faced McCabe,
Forked tongue Comey:
McCabe , should burn the Top people in the FBI…….That would be American Patriotic Duty….
But, NO, the weasel…..wants the cash…….
Planet DEBT…….Japan 1 quadtrillion yen in debt…..twice their GDP
https://www.zerohedge.com/news/2018-01-29/message-planet-japan-good-times-never-last-forever
How in the world are they , that much in debt , without a standing army to pay for…..
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.
1 QUADRILLION yen (over $10 trillion)
I just love saying and reading the number – Quadrillion. 🙂
Sounds like one of those exotic animals………. lol
latest Rubino:
Spending more than they make
https://www.zerohedge.com/news/2018-01-29/us-savings-rate-hits-crisis-lows-amid-soaring-credit-card-debt