Tuesday, March 14, 2017

Mystery Of The Disappearing Cash

Here is an important warning from David Stockman:

As of October 24, the U.S. Treasury was flush with $435 billion of cash. That was because the department’s bureaucrats had been issuing debt hand-over-fist and piling up a cash hoard, apparently, for the period after March 15, 2017 when President Hillary Clinton would need to coax another debt ceiling increase out of Congress.

Needless to say, Hillary was unexpectedly (and thankfully) retired to Chappaqua, New York. But the less discussed surprise is that the U.S. Treasury’s cash hoard has virtually disappeared in the run-up to the March 15 expiration of the debt ceiling holiday.

That’s right. As of the Daily Treasury Statement (DTS) for March 7, the cash balance was down to just $88 billion - meaning that $347 billion of cash has flown out the door since October 24.

And I find that on March 8 alone the Treasury consumed another $22 billion of cash - bringing the balance down to $66 billion!

To be sure, there has been no heist at the Treasury Building - other than the normal larceny that is the stock-in-trade of the Imperial City.

What’s different this time around is that the bureaucrats have apparently decided to sabotage what they undoubtedly believe to be the usurper in the White House.

You can read the rest @
https://dailyreckoning.com/mystery-treasurys-disappearing-cash/

It should be clear that "our" government does not care about We The People. They are willing to risk financial calamity to overthrow a president perceived to represent our interests.

No comments:

Post a Comment