On October 24 the Donald was still reeling---purportedly fatally----from his grabbing gab in Billy Bush's trailer and the US Treasury was flush with $435 billion of cash. The latter was owing to the fact that the department's bureaucrats had been issuing debt hand-over-fist and piling up a cash hoard, apparently, for the time after March 15, 2017 when President Hillary Clinton would need to coax another debt ceiling increase out of the Congress.
Wall Street's Secret Benefactor----Uncle Sam's $294 Billion Cash Hemorrhage Since Jan. 20
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David Stockman’s Contra Corner isn’t your typical financial tipsheet. Instead it’s an ongoing dialogue about what’s really happening in the markets… the economy… and governments… so you can understand the world around you and make better decisions for yourself.
David believes the world -- certainly the United States -- is at a great inflection point in human history. The massive credit inflation of the last three decades has reached its apogee and is now going to splatter spectacularly.
This will have lasting ramifications on how governments tax and regulate you… the type of work you and your family members will have available and what you get paid… the value of your nest egg… and all other areas comprising your quality of life.