China cuts US Treasury holdings to the lowest level since the global financial crisis. And the sales are accelerating. At the same time China is increasing its gold reserves. The dollar is losing its status as the world's reserve currency.
Posted on 03/26/2023 5:01:20 AM PDT by Alas Babylon!
The Talk Shows
Mar 26th, 2023
Guests to be interviewed today on major television talk shows:
FOX NEWS SUNDAY (Fox Network): Anchor Shannon Bream: Rep. Michael McCaul (R-Texas); Toby McKeehan, better known by his stage name TobyMac, contemporary Christian music singer, rapper, songwriter, and record producer. Commentary by Brit Hume, Trey Gowdy and Jonathan Turley. Panel: Annmarie Hordern, Lis Smith, Guy Benson and Vince Coglianese.
MEET THE PRESS (NBC): Hosted by Chuck U. Toad: Joe Tacopina, personal attorney for former U.S. president Donald Trump: Former United States Attorney for the Southern District of New York Preet Bharara, who Pres. Trump fired for political bias and incompetence (stay classy NBC Spews!) and Utah Republican Gov. Spencer Cox. Panel: Yamiche Alcindor, Cornell Belcher, Piggy Noonan and Jake Sherman—just another easily forgotten group of angry Leftists slinging anti-American balderdash.
FACE THE NATION (CBS): Margaret Brennan anchors: Sen. Mark Warner (D-Va.), Chairman of the Senate Select Committee on Intelligence (Five ways to Sunday enabler); President and CEO of the Federal Reserve Bank of Minneapolis Neel Kashkari.
THIS WEEK (ABC): Hosted by Little Georgie Steponallofus: Chairman of the U.S. House Select Committee on the Chinese Communist Party, Rep. Mike Gallagher (R-Wis.); Rep. Raja Krishnamoorthi (D-Ill.). Panel: Dan Abrams, Asha Rangappa, Donna BrazileNut, Sarah Isgur, Astead Herndon and Alex Burns–more Fat RINOs and Left-wing Propagandists and they all have TDS!
STATE OF THE UNION (CNN): Anchored by Jake Toe-Tapper: Rep. James Comer (R-Ky.), chairman of the House Oversight and Accountability Committee; Sen. Mark Warner (D-Va.), Chairman of the Senate Select Committee on Intelligence (Five ways to Sunday Deep Stater); Rep. Cathy McMorris Rodgers (R-Wash.); Rep. Ro (your boat) Khanna (D-Calif.). Panel: Rep. Jared Moskow-itz (D-Fla.), Kristen Soltis Anderson, Karen Finney and Scott Jennings—Tapper’s panel is usually made up of fruits and nuts!
SUNDAY MORNING FUTURES (FNC): The Show to watch! Hosted by Maria Bartiromo: Sen. Ron Johnson (R-Wis.); Former Trump Admin Secretary of State Mike Pompeo; Rep. Anna Paulina Luna (R-Fla.); Expose Journalist Matt Taibbi; Harvard Law Professor Emeritus Alan Dershowitz and Former Trump Admin Acting Attorney General Matthew Whitaker.
China cuts US Treasury holdings to the lowest level since the global financial crisis. And the sales are accelerating. At the same time China is increasing its gold reserves. The dollar is losing its status as the world's reserve currency.
Sick old fart only there because of voter fraud:
I heard that on the local news... Cubans wants to be free and they’ll find a way to leave.
Not so fast -you can get a lot of info on the Fed - this is one place I check regularly
https://wolfstreet.com
The Chinks are not stupid, they may not be the next big thing, but they are working on it.
One way to dethrone the U.S. is to de-dollarize.
Getting rid of U.S treasuries and replacing them with GOLD is how they are working to de-dollarize the world. It will take some time
Why millions of people could lose Medicaid next month
Health officials are bracing for chaos as states begin to determine — for the first time in three years — who is eligible for Medicaid, as a key pandemic policy of guaranteed eligibility ends.
Advocates warn that without a safety net, millions of vulnerable people will fall through the cracks and lose coverage.
The Biden administration is giving states a year to go through the once-routine process of sorting through Medicaid rolls, though some are moving much faster.
Arkansas for instance will speed through the redetermination process in only six months, citing cost concerns and the goal of Gov. Sarah Huckabee Sanders (R) to push people to “escape the trap of government dependency.”
Eight states began the renewal process in February, and have already started sending out renewal notices. But unlike Arkansas, those states won’t begin terminating people from the program until May or June. According to a report from the Kaiser Family Foundation, most states will take at least a year.
“I think any state will tell you there’s going to be chaos,” said Katherine Hempstead, a senior policy adviser at the Robert Wood Johnson Foundation. “It’s going to be unfortunately like a learning experience, but it’s going to be a very, very painful experience for people that lose coverage.”
The Biden administration estimates as many as 15 million people could be at risk of losing Medicaid, though many of those people will be able to transition to employer-sponsored coverage or get insurance through a subsidized Affordable Care Act plan.
The Department of Health and Human Services estimated nearly 7 million people will lose coverage because of administrative barriers like lost or incomplete paperwork.
We need his return:
Medicare/medicaid and Social Security are paid by employers.I know I and my employees have paid thousands to all three for decades now. The govt. should stay out of those funds! No reason for them to be raiding them.
Thanks for correction. I got mixed up in ESPN’s refusal to identify teams as men’s, or women’s or even if NIT or NCAA. They think they are cute, or is it woke?
In the meantime, the West is de-industrializing via climate change.
Somewhere along the line we not longer need to work to eat. This never works out well
I for one would favor November 6, 2013 - Army campaigned in Mexico under the command of General John “Black Jack” Pershing and chased the Mexican “bandit” Pancho Villa all over northern Mexico through some very harsh terrain.
Only this time take over the whole place. We need better, cheaper vacation spots, and for the drugies amongst us - cheap drugs to boot /s
Everything the left does is oriented around destroying the US and making a bundle of cash on the way down.It's classic obama.He's too dumb to design it. All he knows is that he hates whitey and the US. That's where we are.
The only one who can stop it is Trump.
The federal government is not raiding either one. When the revenue comes into the Treasury from SS and Medicare taxes, they are converted into non-market, interest bearing T-Bills backed by the full faith and credit of the USG and deposited into the Trust Funds, which pay out benefits. Benefits have outpaced revenue for SS since 2010 and Medicare since 2008. The trust funds for SS will be exhausted in 2034 for SS and 2028 for Medicare. By law, this will mandate a cut in benefits not to exceed revenue.
By 2034 (previously 2035), there will be 77.0 million (previously 78.0) people 65 years and older compared to 76.5 million (previously 76.7 million) under the age of 18.
Older People Projected to Outnumber Children for First Time in U.S. History
This week miss piggy is melting down over Trump. Just watching her and laughing gets my heart rate up so high I can skip the gym today.
I acknowledge of the inherent dangers of AI, but automation properly implemented could reduce the size of government significantly. Trump promises to rein in the Deep State. Reducing the size of government would be a good first step.
There is so much "almost" jungle growing on my acreage.
Twenty-five years ago, this was all hay field:
Who reads it? Gary?
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