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Click On Picture To See Larger PictureThe debt level which was created by the [CB] system is not sustainable, as of right now each household owes $274,000. The BLS was just revised, all the jobs that the Biden admin said they created was a lie. The Fed was using fake data to make all their decisions and since the data was a lie the economy was in a recession during Biden's admin. Trump has the Fed trapped. The [DS] lies are unravelling right in front of their eyes. The people are waking up and the [DS] is bringing the people to the precipice. Trump is letting the enemy do what they do best, destroy themselves and what better way to destroy the [DS], let the people see the truth. The [DS] terrorists are being destroyed. Trump must isolate himself to prevent negative OPTICS.
Economy
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https://twitter.com/KobeissiLetter/status/1965127749925999053
the current 123%. To put this into perspective, US Debt-to-GDP has averaged ~69% over the last 50 years. The CBO projects that the budget deficit will exceed 5% of GDP every year until 2055. In US history, deficits this high have only occurred for 5-straight years one time, during World War II. The US debt crisis is set to get even worse.
Worst Revision In History: BLS Admits A Record 911K Fewer Jobs Were Added
Two weeks ago, before both Bloomberg and Reuters, we told our subscribers to "brace for another huge negative payrolls revision"...
BLS reported that as part of its preliminary annual benchmark revisions, a record 911K payrolls for the period April 2024-March 2025 would be revised away
last year's stunning 818K negative revision, which was the second biggest since the global financial crisis (and which we also warned ahead of time was coming), virtually nobody expected this year's number to be higher. It was not only higher, but it was the biggest negative revision on record!
fake jobs numbers that were "created" by the Biden admin, and saddled Trump with relentless negative revisions. Expect 1-2 more months of painful job prints, and then another powerful rally higher into the 2026 midterms under a new BLS commissioner as all of Biden's fake baggage is expunged.
Trump was absolutely correct to fire the BLS commissioner one month ago: one year of major negative revisions is happenstance; twice is coincidence; three times is enemy action... and in her case, it was just unexcusable incompetence as the most important economic data point the market uses was dead wrong.
There was virtually no domestic job creation in the last year of the Biden admin when one excludes the hundreds of thousands of illegal aliens who entered the work force.
The Fed should have started cutting rates in February, and would have started cutting rates in February if it knew the true sad state of the US labor market.
Just as remarkable: 2 million jobs from the last 3 years of the Biden admin have now been revised away.
Source: zerohedge.com
https://twitter.com/KobeissiLetter/status/1965430039681663323
Lacalle: The Fed Caused High Inflation And The Current Jobs Slump
Both the recent spike in inflation and the current decline in US jobs are, in a very significant way,