Re: Bubba Horowitz on Kitco News
"booming stock and commodity markets". Fake news------They Are not US markets but now represent world markets. Neither can be referenced as a representation of the US economy. Nothing booming in the US except the financing of third world development (exploitation) by the worlds rich entities.
Possibly the reason that every grain trading institution in the US fights to bring commodity prices back down to a profitable input for US food and feed production. The US economy is not able to support these prices without massive federal debt flowing..
Nothing dumber than those who say the economy is good while the fed borrows trillions each year to support that same economy.
Re: You need to put the debt in perspective.
The current debt is 23.7 trillion. The bottom 50% of people own $2 trillion in assets, top 1% own $35 trillion, the next 9% (90-99) own $40 trillion, the 50-90% in between own the last $32-33 trillion. What do the bottom half of the people care about how much the debt is, they got nothing to lose anyhow.