The US government has added nearly $2 trillion to the national debt since the start of the year, according to new data from the Treasury Department. The Treasury’s Debt to the Penny database shows that the US national debt has increased by $1.92 trillion since January 2nd, bringing the total debt to more than $35.91 […]
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Billionaire hedge fund manager Paul Tudor Jones says that the US is heading towards financial ruin if the government doesn’t get its spending under control. In a new interview on CNBC, the Tudor Investment Corporation founder says that either large reductions in government expenditures or the raising of taxes is necessary to reign in the […]
The post ‘We’re Going To Be Broke Really Quickly’ – Billionaire Paul Tudor Jones Issues Warning on Wild Government Spending appeared first on The Daily Hodl.
The Federal Reserve Bank of Minneapolis suggests that a ban or tax on Bitcoin could ensure its ability to run permanent budget deficits.
A recent research paper by the Federal Reserve Bank of Minneapolis has suggested that assets such as Bitcoin would need to be taxed or banned for governments to maintain deficits.
In an economy where the government tries to maintain permanent deficits using nominal debt, the presence of Bitcoin (BTC) creates problems for policy implementation, the Minneapolis Fed stated in a working paper released on Oct. 17.
Bitcoin introduces a “balanced budget trap,” an alternative state where the government is forced to balance its budget, the Fed claimed.
The International Monetary Fund (IMF) is sounding the alarm on skyrocketing levels of debt held by governments around the world. In its newest Fiscal Monitor Report, the IMF says global debt is expected to surpass $100 trillion by the end of the year. That’s up from $97 trillion a year ago, with the United States […]
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The United States national debt has crossed $35 trillion, with $500 billion added to the government debt in the last two weeks alone.
On Oct. 18, Federal Reserve Bank Governor Christopher Waller told an audience at the Institute of Advanced Studies that well-regulated stablecoins could benefit the current financial system.
“Stablecoins can reduce the need for payment intermediaries and thereby reduce costs of payments globally,” Waller stated, but immediately qualified his remarks by saying that stablecoin “Safety is not assured.” The Fed official explained:
Waller also noted that decentralized finance can achieve a symbiotic relationship with traditional finance instead of supplanting it altogether. This viewpoint was previously pitched by some US lawmakers, who argue that decentralized finance and dollar-denominated stablecoins can extend dollar dominance by decades.
Investor Luke Gromen is forecasting a breakdown in the dollar over time due to an increasingly unfavorable fiscal situation in the United States. In a new interview on the Trader’s Edge podcast, Gromen says the Federal Reserve is essentially “stuck” with low interest rates due to the inability of the US government to afford to […]
The post Macro Guru Luke Gromen Predicts Dollar Collapse Amid Deteriorating US Fiscal Situation – Here’s His Timeline appeared first on The Daily Hodl.
The US government just spent nearly $1 trillion to service the interest on its rapidly growing national debt. Data from the Congressional Budget Office (CBO) says the government ran an approximately $1.8 trillion budget deficit for the 2024 fiscal year, which ended on September 30th. The government collected $4.918 trillion in revenue last fiscal year […]
The post US Government Pays $950,000,000,000 in Interest on National Debt in Just One Year, Says Congressional Budget Office appeared first on The Daily Hodl.
Former President Donald Trump and Vice President Kamala Harris’ campaign promises would add trillions of dollars to the national debt, according to a new study from a nonpartisan think tank. Trump’s agenda is significantly more expensive, says the Committee for a Responsible Federal Budget (CRFB). The CRFB says Trump’s tax and spending plans would likely increase […]
The post Trump, Harris Plans Would Add $10,600,000,000,000 To US National Debt: Nonpartisan Think Tank Forecast appeared first on The Daily Hodl.
Economist and gold advocate Peter Schiff noted that if gold could rise from $20 to $2,600 an ounce, it could potentially reach $26,000 or even $100,000. He shared his views on global economic issues, including U.S. dollar weakness, China’s economic resilience, and the impact of U.S. foreign policy on national debt. Schiff warned of potential […]
Robert Kiyosaki, author of Rich Dad Poor Dad, has expressed concerns about World War III, warning that current global tensions could lead to catastrophic consequences. He emphasized the need for stronger leadership. This echoes past warnings from him about geopolitical threats and energy-driven conflicts. Kiyosaki Warns of World War III Amid Rising Global Tensions The […]