Silver Report Uncut and Max Keiser Tuesday Morning 4-13-2021
Silver Report Uncut
The US Spent 350% More Than Income, The US Posts The Largest Deficit In History
Silver Report Uncut: Apr 13, 2021
the Treasury released its latest Monthly Treasury Statement which showed that in March, the US budget deficit exploded once again, surging to $660BN, up five-fold from a tiny $119BN last March, driven by a 160% increase in government Outlays which soared to $927 billion - the third highest on record - from $355.7BN a year ago, and from $559.2BN in February.
The large spike is primarily due to the stimulus checks released to households after the passage of the American Rescue Plan (ARP) Act which totaled $339bn and included forgiveness of roughly $87bn in Payroll Protection Program (PPP) loans in March.
In total, the government spent $453bn on "income security" in March, with social security ($94BN), Commerce and Housing Credit ($81BN), Health ($71BN), National Defense ($70BN) and other spending far in the rearview mirror.
Keiser Report | Disorder Will Come | E1683
Apr 13, 2021
In this episode of the Keiser Report, Max and Stacy look at the warning from Egon von Greyerz that ‘disorder will come.’ But is his forecast of hyperinflation accurate? Or will deflation overwhelm the money printing?
That question is addressed in the second half where Max interviews Rick Ackerman, a market analyst and former market maker, who argues that the quadrillions in credit derivatives collapsing will outpace any amount of money printing.