Speaker McCarthy pushes for ‘debt limit negotiations’ with President Biden on $31.4 trillion debt as we stare into an abyss of ever larger banks.
https://dailytorch.com/2023/04/speaker-mccarthy-pushes-for-debt-limit-negotiations-with-president-biden-on-31-4-trillion-debt-as-we-stare-into-an-abyss-of-ever-larger-banks/

House Speaker Kevin McCarthy has opened the door for negotiations on increasing the $31.4 trillion national debt ceiling in his New York Stock Exchange speech, stating, “Debt limit negotiations are an opportunity to examine our nation’s finances,” as House Republicans propose cutting a perfectly reasonable $72 billion. U.S. financial institutions, retirement funds, mutual funds with their share of treasuries have risen from about 17 percent in 2008, or $1.7 trillion, to a massive $11.9 trillion, or 38 percent today — the largest single holder of the debt. Going forward, with foreign investment dwindling and limits on how much the Federal Reserve can accumulate without inflation, almost all of the money we need to finance the national debt going forward will have to come from there with ever larger banks in the U.S., which will likely mean more regulation, more capital controls (i.e. digital currency), higher insurance premiums and fees, and much larger asset prices to keep the financial system solvent — and very likely less liberty. Maybe that’s the idea. We’re staring into an abyss.

Crime continues to remain high as New York DA Alvin Bragg refuses to prosecute career criminals.

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Donald Trump exposes Alvin Bragg’s criminal indictment case as weak and unconstitutional.

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New York District Attorney Alvin Bragg’s criminal indictment of former President Donald Trump is the result of Trump Derangement Syndrome- or an irrational, non-objective view of Trump and his policies.

China has dumped $150 billion of U.S. treasuries since Jan. 2022. Is it a prelude to war?
https://dailytorch.com/2023/04/china-has-dumped-150-billion-of-u-s-treasuries-since-jan-2022-is-it-a-prelude-to-war/

Since Jan. 2022, China has reduced its U.S. treasuries held outright, from $1.03 trillion to $859 billion in Jan. 2023, a 16.8 percent decrease, according to the latest data compiled by the U.S. Treasury of foreign holders of U.S. securities. This comes atop a further decrease from its peak in Nov. 2013 at more than $1.3 trillion, bringing the total decrease to 34.7 percent the past decade. When owners of treasuries are selling more than they are buying, interest rates can rise, and when they buy more than they are selling, interest rates will fall. But could China really impact that process all that much? The real question is that of firepower. In 2013, with its peak holdings of $1.3 trillion of U.S. treasuries, China was the single largest debt holder, owning 10.7 percent of the $12.2 trillion of publicly traded debt. That was China’s high water mark, whereas, today, the debt is much larger now. With $859 billion of treasuries, China owns just 3.5 percent of the $24.6 trillion of the publicly traded national debt. Is it a paper dragon?

Donald Trump’s new ad breaks the internet with his response to the indictment.

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The Restrict Act would give the commerce secretary an unprecedented amount of power over free speech and businesses criticizing the government.

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The indictment of former President Donald Trump is a stain on our judicial system. At a time when our nation is frayed almost to a breaking point, few things could have happened worse for a restoration of our nation’s sense of common pride and purpose.

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