Ep. 98B – Debt Ceiling + Euro-News

The Kapital News
The Kapital News
Ep. 98B - Debt Ceiling + Euro-News

So our fearless leaders in Washington DC finally got together on a bipartisan level to increase the country’s debt-load. Aren’t you proud to be an American when the only thing our politicians can agree on is to increase spending and our national debt?! This bipartisan action all but guarantees $1 trillion deficits for the next two years and this is assuming the status quo. Should the US economy falter, which is more likely than not, then these deficits will dwarf $1 trillion. So much for draining the swamp and fiscal conservatism. Across the pond in the UK, the conservative party will be electing the country’s next PM. Former Mayor of London, Boris Johnson is expected to take the seat. He will be dealing with the Brexit fiasco, the escalation with Iran, and a deteriorating economy, which is all but in recession according to a UK think-tank. Well wishes to the next PM – he’s going to need it. Lastly, the ECB has a policy meeting and is expected to signal more rate cuts and/or QE in September. Prime the presses as central banks the world over are set to begin a race to the bottom with their respective currencies. #EndTheFed #Brexit #WakeUpAmerica

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