PRIVATE BLOG – Moving into May 7th
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China Credit Rating Agency Downgrade USA
The Chinese rating agency Dagong downgraded the US creditworthiness over the tax reform. What is really a total joke is why anyone bothers to rank any government debt whatsoever when in fact there is not a single government in the world who ever intends to pay off their debt. So why does anybody rate government debt? It is not like the USA would default. Deficits mean absolutely nothing. Obama’s first four years produced deficits that were nearly $5 trillion. Trump’s Tax Reform the Democrats claim will add $1 trillion. So why was $5 trillion OK but $1 trillion is not?
The entire rating game is a joke. Nobody will ever pay off their debts so why rate something that is impossible anyway?
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Market Talk – May 6, 2024
ASIA: The major Asian stock markets had a mixed day today: NIKKEI 225 closed Shanghai increased 35.90 points or 1.16% to 3,140.72 Hang Seng increased 102.38 points or 0.55% [...]
Judge Threatens to Put Trump in Prison on Contempt
Let me explain something here where this Judge is out of control and should be stripped of any legal license if not thrown in a dungeon for his treason [...]
Capital Gains Taxes Loom Over Blue States – Welcome to the Great Reset
Eleven states may face capital gain taxes to comply with the Biden Administration’s 2025 budget, in which the government must hunt the people for taxes to pay for a fraction [...]
