Forwarded From American Thinker
US Federal Reserve Hits $1 Trillion Dollars in Unrealized Losses
US national debt interest payments will surpass $1.14 trillion this year. That would constitute more than 76% of all collected income tax.
The increasing and unsustainable debt concerns only depreciate confidence in the US dollar. Moreover, it creates higher rates of inflation and erosion in the currency. Altogether, the ongoing debt issue only erodes the greenback if left unchecked. Where that becomes an even greater issue is when you factor in the opposition that the dollar is facing.
When the private company that prints every fiat dollar in the world hits this level of losses, it should tell you a lot about where we are in the takedown operation.
November’s presidential election must see the beginning of a change.
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