Posted on 03/29/2024 1:06:15 PM PDT by RomanSoldier19
Larry Fink, CEO of BlackRock, the world’s largest asset manager, has issued a stark warning about America’s escalating debt, which currently stands at a staggering $34 trillion and continues to grow. Fink cautioned that the nation’s trajectory could lead to a crisis reminiscent of Japan’s lost decade. He emphasized that Washington should not assume that investors will indefinitely fund the country’s fiscal deficit.
In his annual letter to investors, Fink highlighted the recent three-percentage-point increase in U.S. Treasury yields to 4%, which reflects longer-term inflation expectations and the Federal Reserve’s aggressive interest rate hikes. He described this development as highly perilous, as it translates to an additional trillion dollars in interest payments over the next decade alone.
(Excerpt) Read more at msn.com ...
Nothing has gotten Congress motivated to deal with it for many decades. More warnings won’t do the job.
(as it translates to an additional trillion dollars in interest payments over the next decade alone.)
It’s why TPTB need World War III
Great Reset
Population Reduction
Digital Currency
New World Order
Four Horsemen of the Apocalypse
Weimar hyperinflation, here we come.
Larry Fink is a POS.
He was the one originally pushing ESG which is fiduciary negligence.
He’s the one who met with Zelensky for a rebuilding of Ukraine bank.
Fink deserves ambient temperature.
Fink is a fink and a super woke ESG a-hole.
Bttt.
5.56mm
If they really want to send a message they should stop buying government bonds.
Larry Rat Fink who lost billions on fake libtard crap
looks like a bunch of “smart well-connected bankers” were “misled” by a DEI appointee somewhere in the Biden Administration-and are now “upside-down “ on their bond positions
No need to sound alarm the way Biden & Co. are spending money it’s more like a plan for a crash and let the UN step in for the take over.
Ross Perot was talking about this issue back in 1992.
It’s probably too late to do anything now.
As they deal in Trillions in government new issue bonds for a nice fee.
When I was first starting to paying some attention to politics as a teen in the late 60s, I remember “the deficit” being a nonstop topic of discussion driven by the costs of the Vietnam war. Hand wringing and nothing else ever since.
Japan had deflation.
"Omnibus" after omnibus, and now all of sudden they are concerned. It is the American middle class that has been thrown under the collective omnibus.
This bill provides FY2024 appropriations for several federal departments and agencies. It also extends several expiring programs and authorities, including several public health programs.
Specifically, the bill includes 6 of the 12 regular FY2024 appropriations bills:
The bill also modifies the Compacts of Free Association that govern the relationship between the United States and the Republic of the Marshall Islands, the Federated States of Micronesia, and the Republic of Palau.
Making consolidated appropriations for the fiscal year ending September 30, 2024, and for other purposes.
HTML
https://www.congress.gov/bill/118th-congress/house-bill/4366/text?externalTypeCode=enr&format=xml
PDF
https://www.congress.gov/118/bills/hr4366/BILLS-118hr4366enr.pdf
TEXT
https://www.congress.gov/bill/118th-congress/house-bill/4366/text?format=txt#
Billionaires dictating the age of retirement expected of other people.
Expect a restless populace and a rapid turnover of politicians as we all ride the beast down. Try to be on top of it rather than below it.
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