Treasury to Auction a Record $104 Billion next Week!
The Treasury is selling government bonds like it is going out of style. In case you didn’t notice, our out of control government is spending well more than it has in tax revenue, so we have to borrow from the Chinese to pay for everything. You would think with this type of borrowing our wise government would watch our budget and begin to cut costs… But not so fast, our government is way too knowledgeable in business to do that. Instead their answer is more & more government programs. But not to worry, we’ll just borrow more money! This year the Treasury is set to auction a record 2 trillion in treasuries. (Can you believe that!) They are making us slaves to China and the Middle East in order to fund their pet projects!
Guess what happens when investors stop buying, and there is no more money??? Break out the printing press, hyperinflation here we come!!!
Cheers Thinking Patriots,
Jason
Comments are closed.