Deficit Surges To Over $1T In Just 5 Months Of 2021
The Atlantis Report
Deficit Surges to Over $1T in Just 5 Months of 2021 -- The Biggest Monster Bubble in History
Premiered 13 minutes ago
The Government is bankrupt; The Corporations are bankrupt; many people are bankrupt and struggling. Yet this is the best economy ever if you are in the top one percent, this is the greatest economy ever, no question about it.
Just five months into fiscal 2021, the US government has already run a budget deficit of over $1 trillion.
In a year of massive deficits, the US federal government charted its biggest monthly shortfall of fiscal year 2021 in February.
The ability of this government to pay just the interest on our national debt once it escapes these current levels will be something to keep your eye on.
Taxes will have to be raised may be dramatically, and at that point, the stock market will go south with the end game clearly seen by all. On March 1st, the US national debt eclipsed $28 trillion for the first time. According to the National Debt Clock, the debt to GDP ratio stands at 129.8%.
Despite the lack of concern in the mainstream, debt has consequences. Studies have shown that a debt to GDP ratio of over 90% retards economic growth by about 30%.
This throws cold water on the conventional “spend now worry about the debt later” mantra, along with the frequent claim that “we can grow ourselves out of the debt” now popular on both sides of the aisle in DC.
For the full transcript go to https://financearmageddon.blogspot.com
GP Q: Iraq’s Central Bank Addresses Dollar Supply
9-20-2026
ARE WE THERE YET
September 20, 2026
IRAQ — THE CBI ADDRESSES DOLLAR SUPPLY
The Iraq Central Bank of Iraq issued a statement today saying Iraq has sufficient foreign reserves to meet demand for dollars for imports, card payments and travelers at the official rate.
Good Morning Dinar Recaps,
EUROPEAN DIGITAL FINANCE RESET: ECB LAUNCHES BLOCKCHAIN SETTLEMENT SYSTEM AND BEGINS TOKENIZED BOND INVESTING
THE ECB IS BRINGING CENTRAL BANK MONEY DIRECTLY INTO TOKENIZED FINANCIAL MARKETS, CREATING NEW INFRASTRUCTURE FOR DIGITAL SECURITIES, SETTLEMENT AND THE FUTURE OF EUROPEAN FINANCE.
You asked, we answered: Why Are Central Banks Moving Their Gold Reserves
15 September, 2026
Gold on the move
On 2 September, De Nederlandsche Bank (DNB) announced that it had transferred approximately 86t of gold from New York and Ottawa to London.1 The operation, conducted between March and August 2026, was designed to improve the liquidity and tradability of DNB’s gold reserves and strengthen its preparedness for severe crises.
Integrity Calls For The Activation Of Internal Audit And Control In The Implementation Directorates To Protect Public Money
Money and business Economy News – Baghdad The Federal Integrity Commission called for activating the work of auditing and internal control in the implementation directorates to ensure periodic reports on the reality of work in each directorate, which contributes to the preservation of public money and the control of administrative procedures, and reduce the imbalances that may be conducive to the occurrence of corruption cases.
KTFA
Sunday Night Video
FRANK26….9-20-26…..FROM THE WTO TO MALIKI
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Eddie and Omar in Iraq and guests
Playback Number: 605-313-5163 PIN: 156996#
A World Drowning in Debt, the Final Days of Fiat Money
As Good As Gold Australia: 9-20-2026
In this exclusive interview, we sit down with Lynette to discuss the reality of our current economic system and why the shift back to hard assets is accelerating. While leaders claim the economy is strong, the underlying facts point to a much different reality.
We discuss the long-term impact of leaving the gold standard in 1971, the massive U.S. debt and interest inflection point, and why central banks around the world are accumulating gold at a record pace.
They Don’t Need to Kill the Dollar to Change the Entire Financial System | Andy Schectman
Miles Frankin Media: 9-20-2026
Michelle Makori, President & Editor-in-Chief of Miles Franklin Media, speaks with Andy Schectman, Founder & CEO of Miles Franklin Precious Metals, following the latest BRICS summit in New Delhi.
Schectman argues that BRICS is quietly building a parallel financial system through alternative payment rails, gold-backed settlement mechanisms, and local-currency trade, not necessarily a single BRICS currency.
Good Afternoon Dinar Recaps,
CHINA RATE RESET: BEIJING HOLDS RATES STEADY AS U.S. TIGHTENING SHIFTS GLOBAL MONEY FLOWS
CHINA KEEPS KEY LENDING RATES UNCHANGED AS THE FED MOVES IN THE OPPOSITE DIRECTION, HIGHLIGHTING A WIDENING MONETARY POLICY DIVIDE THAT CAN INFLUENCE GLOBAL CAPITAL, BOND YIELDS AND CURRENCY FLOWS.
Diversification And Digitalization Are Reshaping Finance’s Future
Strictly speaking, it is far from a divorce, or even a serious breakup. But Asia’s leading economies are edging away from their eight-decade relationship with the US dollar for international trade.
Two forces are driving this evolution of the international monetary system. Amid rising geopolitical and geoeconomic fragmentation, policymakers are weighing economic efficiency against national security and strategic resilience. And digital innovation is lowering the cost of conducting transactions directly across currencies and financial networks.
TNT:
Tishwash: Iraq to New York: Al-Zaidi addresses the United Nations and a meeting with Trump is anticipated.
Iraqi Prime Minister Ali Faleh al-Zaidi will head to New York in the coming hours at the head of a high-level government delegation to participate in the meetings of the 81st session of the United Nations General Assembly, whose high-level week begins on September 22.
According to the Director of the Prime Minister’s Media Office, Abdul Zahra al-Hindawi, al-Zaidi will deliver Iraq’s speech before the General Assembly, addressing Baghdad’s vision and positions regarding regional and international developments, in addition to the files of security, stability, development and international cooperation.
GP Q: Banking Reset, the Fed Prepares for Major Overhaul
9-20-2026
BANKING RESET: FED PREPARES MAJOR OVERHAUL OF STRESS TESTS AND CAPITAL REQUIREMENTS
WHAT’S HAPPENING
The Federal Reserve is preparing major changes to how large U.S. banks are stress-tested, with more transparency around the models, assumptions and scenarios used.
Seeds of Wisdom RV and Economics Updates Sunday Morning 9-20-26
Good Morning Dinar Recaps,
U.S.-CHINA FINANCIAL RESET: AI, TRADE AND CRITICAL MINERALS MOVE TO CENTER STAGE
U.S. AND CHINESE ECONOMIC OFFICIALS ARE BRINGING AI, TRADE AND CRITICAL MINERALS TO THE CENTER OF HIGH-LEVEL TALKS, HIGHLIGHTING HOW TECHNOLOGY, SUPPLY CHAINS AND ECONOMIC RELATIONSHIPS ARE BECOMING INCREASINGLY INTERCONNECTED.
Doing The Math: Interest Expense Is Going To $2 Trillion Annually
Notes From the Field By James Hickman (Simon Black / Sovereign Man) September 17, 2026
It was January 2000. AOL had just announced it was buying Time Warner in what was then the biggest merger in history. Fourteen dot-com companies had bought Super Bowl ads, one of them starring a sock puppet that sold dog food. The US economy was growing at one of its fastest paces ever; GDP was up nearly 5% the year before— and that’s real growth, before adding inflation, which itself was just 1.4%.
CBI Counters Fears Over Dollar Supply
2026-09-19 Shafaq News- Baghdad Iraq has enough foreign reserves to meet demand for dollars for imports, card payments and travelers at the official exchange rate, the country’s Central Bank (CBI) said on Saturday, as the Iraqi dinar weakened sharply against the US currency, hovering around 160,000 Iraqi dinars per $100.
Emailed to Recaps: Thank you David
Reset Intelligence: The Precipice
The Precipice
By Reset Intelligence | @EXIT_FIAT
Iran threatened decisive war over the weekend, then did the quiet thing that matters: it sent Washington its terms through Qatar. All three conditions made public ask for money.
And in Baghdad, the central bank stood up in public to defend the price of the dinar as the street pressed 160,000.