Coming Soon: The Mother Of All Debt Ceiling Crises

 

[Urgent Note: The nation’s future and a massive debt ceiling hangs in the balance as Trump pushes beyond the Comey hearings. That’s why I’m on a mission to send my new book TRUMPED! A Nation on the Brink of Ruin… and How to Bring It Back to every American who responds, absolutely free. Click here for more details.]

While the Imperial City is frozen in the Second Coming of Comey, it doesn’t mean that the Washington spending machine is on pause. In fact, the Treasury’s cash balance yesterday stood at only $153 billion — down by $130 billion just since the tax season peak was reached on April 25th.

Uncle Sam has been burning cash at a rate of $3.2 billion per calendar day since then and has no more room to borrow. That’s because the public debt ceiling is frozen at its March 15th level ($19.808 trillion) and the mavens at the Treasury Building have run out of borrowing gimmicks.

The countdown to the mother of all debt ceiling crises is now well underway — with the nation’s net debt sitting at $19.69 trillion. That figure, in turn, is up nearly $500 billion since FY 2016 ended on September 30 with the net debt at $19.22 trillion.

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The Plot to Overthrow Trump is Very Real

 

CNN, of course, is also part of this conspiracy. You will NEVER find any positive article about Trump in mainstream media. Here is CNN and we can see that 50% of the top stories are always against Trump. We have Boehner coming out saying Trump is a disaster. This is the guy who threw people off committees if they did not vote for his agenda. The Kushner story is desperately trying to make something out of nothing. Here we have after Flynn’s removal, Kushner suggesting setting up a direct channel for diplomatic purposes regarding Syria with the Russians. That is entirely within reason and has been done during confrontations in the past. It was not done, it was merely a suggestion. They press seems to want war with Russia and absolutely nothing else. Not such link was established. So why is this a major story? It’s again RUSSIA. Continue reading

Stockman: “After March 15 Everything Will Grind To A Halt”

 

Two weeks after David Stockman warned that “the market is apparently pricing in a huge Trump stimulus. But if you just look at the real world out there, the only thing that’s going to happen is a fiscal bloodbath and a White House train wreck like never before in U.S. history” and exclaimed that, when looking at markets, “what’s going on today is complete insanity” he is back with another interview, this time with Greg Hunter of USA Watchdog in which he, once again warns, that a giant fiscal bloodbath is coming soon, and urges listeners to pay especially close attention to the March 15, 2017 debt ceiling deadline, at which point everything could “grind to a halt.” Continue reading

Trump Being Corralled in By Establishment in DC

Putin has issued a warning to Donald Trump that there may be a coup to overturn the presidency. There would be forces that would seriously hamper Trump’s leadership, Putin has warned. Meanwhile, Trump’s pick for White House chief of staff Reince Priebus, chairman of the Republican National Committee, does call into question if the swamp will be drained. Priebus has brought in Johnny DeStefano who will work as the director of presidential personnel. (Twitter/@johnnydestefano). Continue reading

The Terrorist Attacks That United Europe

Europe is forsaking a longtime ally as it prepares for all-out war.

The November 13 terrorist attacks in Paris caused a tremendous rift between America and the European Union. For the first time ever, a European nation—France—called on the European Union’s collective defense clause instead of turning to the American-led North Atlantic Treaty Organization (nato) for help. This represents a stunning rejection of American leadership.

The nation that benefits the most from France rejecting America is Germany. Germany has dominated the EU for years. France’s move will bring the European armies together in a way that the EU founders only dreamed of.

By invoking the EU’s collective defense clause rather than nato, French President François Hollande was declaring that Europe is more than just a junior partner in America’s defense arrangement. Europe is its own power. It has its own foreign relations, its own interests, and its own goals.

Most people didn’t recognize the significance of France’s decision to call on the EU instead of nato. But it is a choice that will have a massive negative impact on America—as well as Britain and the Jewish state of Israel. It will significantly alter the history of these nations, and of Europe.

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Kuhner: Obamatrade would destroy America

President Obama is on the verge of creating the New World Order. He is using Trade Promotion Authority — otherwise known as “fast track” — to pass his globalist dream: the Trans-Pacific Partnership, a sweeping 12-nation trade pact.

The TPP, however, is much more than about “free trade.” It is a deliberate attempt to create a new Pacific Union — a supranational entity modeled on the European Union. It is an embryonic political and economic union that, if implemented, would destroy U.S. sovereignty, flood America with unlimited immigration and subordinate the Constitution to an unelected, unaccountable international tribunal.

Yet, Republicans in Congress, who were swept into office to curb Obama’s imperial presidency, are betraying their voters — and their country. Continue reading

US House Speaker: White House was notified of Netanyahu invitation

Netanyahu was set up and the Obama administration flat out lied. Simple. The question is where the Obama administration will take this anti-Israel momentum in the next stage. They’re using something trivial to build a case and paint him as the bad guy.

 

US House Speaker John Boehner said Monday that a notice was sent to the White House some hours before he announced he was inviting Israeli Prime Minister Binyamin Netanyanu to address Congress on Iran and terrorism. Continue reading

It’s come to this: Time to impeach ‘Emperor Obama’

President Barack Obama is in open defiance of the U.S. Constitution.

This week, in an address to the nation, he announced he is granting relief from deportation to approximately 4 to 5 million illegal immigrants. He is doing this, even though he has said, in numerous speeches since he assumed office in 2008, that he does not have the constitutional authority to transgress or alter current immigration laws. He is now governing by diktat, acting outside of the law, overriding the separation of powers and our system of checks and balances. His action is unprecedented in American history, launching us into a full-fledged constitutional crisis.

There is only one response commensurate with this brazen power grab: impeachment. Continue reading

Pentagon eyeing immigrants who arrived illegally

WASHINGTON (AP) — The Pentagon is weighing allowing some immigrants brought illegally to the country as youths to serve in the military, a unilateral step by the Obama administration as immigration legislation remains stalled in the Republican-led House.

The announcement came Tuesday as House Speaker John Boehner, R-Ohio, defended his election-year decision to rebuff a narrow immigration measure pushed by a GOP congressman to achieve a similar goal.

The Pentagon consideration would apply to immigrants who arrived illegally as kids but already have received work permits and relief from deportation under a program President Barack Obama announced two years ago, called Deferred Action for Childhood Arrivals, or DACA. More than 500,000 immigrants have benefited from the program. Continue reading

Gasoline Prices Are Not Rising, the Dollar Is Falling

Panic is in the air as gasoline prices move above $4.00 per gallon. Politicians and pundits are rounding up the usual suspects, looking for someone or something to blame for this latest outrage to middle class family budgets. In a rare display of bipartisanship, President Obama and Speaker of the House John Boehner are both wringing their hands over the prospect of seeing their newly extended Social Security tax cut gobbled up by rising gasoline costs.

Unfortunately, the talking heads that are trying to explain the reasons for high oil prices are missing one tiny detail. Oil prices aren’t high right now. In fact, they are unusually low. Gasoline prices would have to rise by another $0.65 to $0.75 per gallon from where they are now just to be “normal”. And, because gasoline prices are low right now, it is very likely that they are going to go up more—perhaps a lot more.

What the politicians, analysts, and pundits are missing is that prices are ratios. Gasoline prices reflect crude oil prices, so let’s use West Texas Intermediate (WTI) crude oil to illustrate this crucial point.

Full article: Gasoline Prices Are Not Rising, the Dollar Is Falling (Forbes)

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