Higher Interest Rates May Force Higher Inflation Rates

By Daniel Amerman – Re-Blogged From http://www.Gold-Eagle.com

1) Financial analysis of the three way relationship between interest rates, inflation and the U.S. national debt.

2) Higher interest rates causing higher interest payments on the $20 trillion national debt would ordinarily cause soaring deficits over time.

3) Detailed analysis of the “loophole”, which is that if inflation even moderately increases – then interest rates can rise without exploding the real debt.

4) This simultaneous increase in interest rates and inflation would have a major impact on all markets, as well as long term retirement planning.

5) The logical response to rising interest rates may be to sharpen one’s focus on how to better deal with higher rates of inflation over the long term.

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Trump Suggests Eliminating the Debt Ceiling – Dollar Falls

By Clint Siegner – Re-Blogged From Money Metals Exchange

Those who paid any attention to the financial press last week saw the following narrative; President Donald Trump betrayed Republicans by cutting a deal with Democrats Nancy Pelosi and Charles Schumer. They agreed to punt on the borrowing cap until December and spend $15 billion for hurricane relief.

Americans are supposed to conclude that Trump is flip-flopping, and that Republicans aren’t responsible. Dig just a little, and you’ll find only one of those things is true.

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Mythical Subsidies

By Michel de Rougemont – Re-Blogged From http://www.WattsUpWithThat.com

Following the decarbonisation goals set forth in the Paris climate agreement of December 2015, appeals are made to suppress energy subsidies linked to the use of fossil fuels, and to increase consumption taxes massively as an incentive to burn less of them.

According to « experts » of the International Monetary Fund (IMF) in a report published last December[1], energy is the beneficiary of subsidies amounting to $4’900 billion in 2013, or 6.5% of the global GDP. On its part, the International Energy Agency (EIA)[2] estimates them at $532 billion for that same year? The not so small 920% difference stems from considerations given to so-called negative externalities associated with the use of energy.

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Seattle’s ‘Tax-the-Rich’ Measure Spurs Freedom Foundation Lawsuit

By Rob Williams – Re-Blogged From Newsmax

The Freedom Foundation, a conservative think tank, sued Seattle after its city council passed a measure in July that would place a 2.25 percent income tax on wealthier residents.

The tax was estimated to affect the 9,000, or 2 percent, of the city’s taxpayers – people who make more than $250,000, or $500,000 for couples filing jointly.

The lawsuit, filed on behalf of 19 Seattle citizens, alleges the proposed tax violates the state constitution and restrictions on cities to impose income taxes, The Wall Street Journal reported. Another group called the Opportunity for All Coalition, founded by Seattle venture capitalist Matt McIlwain, filed a lawsuit the same day, the newspaper said.

Image: WSJ: Seattle's 'Tax-the-Rich' Measure Spurs Freedom Foundation Lawsuit

Raising The Debt Ceiling Means Jacking Up Future Inflation

By Stefan Gleason – Re-Blogged From http://www.Gold-Eagle.com

The dramatic failure of the US Senate’s last-ditch Obamacare repeal effort leaves Republicans so far without a major legislative win since Donald Trump took office. No healthcare reform. No tax reform. No monetary reform. No budgetary reform.

The more things change in Washington…the more they stay the same.

Despite an unconventional outsider in the White House, it’s business as usual for entrenched incumbents of both parties. The next major order of business for the bipartisan establishment is to raise the debt ceiling above $20 trillion.

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Global EV and Related Climate Alarmist Colossal Messes

By Larry Hamlin  Re-Blogged From http://www.WattsUpWithThat.com

EVs have been hyped by the climate alarmist renewable energy activist crowd as an effective approach for reducing greenhouse gas emissions regarding transportation energy consumption, which for many nations is a large portion of their total energy use.

EVs are fundamentally energy handicapped due to the low energy density of batteries versus the high energy density available in fossil fueled vehicles which results in significantly reduced mileage capabilities for EVs compared to fossil fueled vehicles.

These EV mileage limitations versus fossil fueled vehicles become even more exaggerated when additional energy demands are needed to support vehicle air conditioning and heating loads, hill climbing requirements and operation in cold temperatures that decrease battery stored energy capabilities.

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Something Big, Bad And Ugly Is Taking Place In The US Retirement Market

By SRSrocco – Re-Blogged From http://www.Silver-Phoenix500.com

While the highly inflated value of the U.S. Retirement Market reached a new high this year, something is seriously wrong when we look behind the scenes.  Of course, Americans have no idea that the U.S. Retirement Market is only a few steps from falling off the cliff, because their eyes are focused on the shiny spinning roulette wheel called the Wall Street Stock Market.

Yes, everyone continues to place their bets, hoping and praying that they will win it big, so they can retire in style.  Unfortunately, American gamblers at the casino have no idea that the HOUSE is out of money.  The only thing remaining in their backroom vaults is a small stash of cash and a bunch of IOU’s and debts.

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