Simply Irresponsible! Biden Signs Grossly Irresponsible Debt Ceiling Hike/Budget As Cryptos Demolished (Bitcoin Down -6%)

#bubble, #inflation, #wine, @MetreSteven @JeffSnider_AIP @DiMartinoBooth @bondstrategist @RaoulGMI @LukeGromen @dlacalle_IA @EconguyRosie @profplum99 @SantiagoAuFund @biancoresearch @pboockvar @SriKGlobal, Agency MBS, Bank of England, Bank of Japan, Banking, Bernanke, CDS, China, CMBS, CRE, Credit, Cryptocurrencies, Currency, ECB, Economy, Fed, France, GDP, Gold, Housing, Inflation, Jobs, Mortgage, New Home Sales, Powell, PPI, Silver, SPX, Taylor Rule, Treasuries, Treasury, Uncategorized, Wages, Yellen, Yield Curve 1 Minute

Simply irresponsible. Biden’s budget that is!

Biden signed the debt ceiling bill craftted by McCarthy (RINO-CA) and Schumer (Communist-NY). Its allows for uncontrolled spending and borrowing for at least 2 years. And as Milton Friedman once said “There is nothing more permanent than a temorary Federal program … or debt limitiations.

With Biden signaling that government has gone wild with no controls on fiscal responsibility (and Elizabeth Warren flailing her arms and screaming for regulations on cryptocurrencies), cryptos today are getting demolished.

China, Japan and the BRICs realize that there are no controls on ANYTHING coming out of Washington DC. Insane spending, an insane Federal Reserve, corrupt DOJ and FBI.

Doctor, doctor (Yellen), we’ve got a bad case of Federal corruption.

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Published by confoundedinterest17

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