#Trump finding a foe in his own #Fed head, #JeromePowell, would be dreadful for #Asianeconomies, companies and investors. Trump, let’s remember, added to Powell’s stress level with a US$1.5tn tax cut, which an #economy at full employment didn’t need. A shaky dollar and gyrating borrowing costs could savage #Asia’s equity bourses. Such uncertainty also could throw 2019 corporate planning into disarray.

Asian governments hold the deed to an economy Trump is mismanaging - more than US$3tn of US #Treasuries. The spectre of massive fiscal losses will be keeping Trump’s Asian bankers awake at night. It’s weird that Trump would cosy up to Russia’s Vladimir Putin, whose economy is about the size of South Korea’s, and make a foe out of China’s Xi Jinping, Washington’s top creditor. On top of the Russia-collusion scandal, Trump might be courting a controversy of meddling in the Fed’s affairs. It might give Asia less confidence to hold trillions of dollars of American IOUs.


#WorldEconomy #AmericanEconomy #AmericanDebt #GovernmentDebt #EconomicStimulus #FiscalStimulus #EconomicGrowth #EconomicRisk #MonetaryPolicy #EconomicPolicy
#America’s creditors are fed up with Trump’s squander of US economic growth as he picks fights
https://www.scmp.com/business/global-economy/article/2156317/americas-creditors-are-fed-trumps-squander-us-economic

#Physics   #Science   #nobel   #cern   #nobellegacy   #HumanityScienceThesaurus   #AmericanScienceThesaurus   #EuropeanScienceThesaurus   #RoamnianScienceThesaurus   #AmericanDebt   #nobel   #bbcnews   #abcnews   #cnn   #unesco   #europe   #cern   #humanrights  
A new proton for Nobel Prize?"
#Physics   #Science   #nobel   #cern   #nobellegacy   #HumanityScienceThesaurus   #AmericanScienceThesaurus   #EuropeanScienceThesaurus   #RoamnianScienceThesaurus   #AmericanDebt   #nobel   #bbcnews   #abcnews   #cnn   #unesco   #europe   #cern   #humanrights  
A new proton for Nobel Prize?"https://youtu.be/evOTHXb158w"
This wasn't hunting nothing from American Debt, or European Debt or Humanity Debt is from 40 years of intense work as his author said.
Please Mr. Bill Gate your hackers to STOP hacking this American science Thesaurus because is your friend.
+Braking News +Breaking News +UNESCO +Human Rights Watch +Nobel Prize +CERN +European Space Agency, ESA 

This wasn't hunting nothing from American Debt, or European Debt or Humanity Debt is from 40 years of intense work as his author said.
Please Mr. Bill Gate your hackers to STOP hacking this American science Thesaurus because is your friend.
+Braking News +Breaking News +UNESCO +Human Rights Watch +Nobel Prize +CERN +European Space Agency, ESA 

"The American Debt Forgiveness Act seeks to nullify all foreclosure debt by declaring it a crime and allowing people to get their homes back. This act recognizes the massive foreclosure fraud as illegal. Our homes were stolen through fraud and forgery and we want them back. This act works as a class action law suit through eminent domain. This act requires the banks to accept the negative foreclosure debt which they created through fraud. This act also reinstates Glass/Steagall."

PLEASE, PLEASE sign the petition, to help this act get signed!

#foreclosure   #foreclosedhomes   #ows   #poverty   #povertyinamerica   #recession   #mortgagefraud   #mortgageforgivenessdebtreliefact   #americandebt   #americandebtforgivenessact   #adfa  

#Physics   #Science   #nobel   #cern   #nobellegacy   #HumanityScienceThesaurus   #AmericanScienceThesaurus   #EuropeanScienceThesaurus   #RoamnianScienceThesaurus   #AmericanDebt   #nobel   #bbcnews   #abcnews   #cnn   #unesco   #europe   #cern   #humanrights  
A new proton for Nobel Prize? "https://youtu.be/KrxfVRyXtKI"
This wasn't hunting nothing from American Debt, or European Debt or Humanity Debt is from 40 years of intense work as his author said.
Please Mr. Bill Gate your hackers to STOP hacking this American science Thesaurus because is your friend.
+Braking News +Breaking News +UNESCO +Human Rights Watch +Nobel Prize +CERN +European Space Agency, ESA 

#LandOfTheDebt #AmericanDebt  
According to the Daily Treasury Statement for Friday, April 3, which was published by the U.S. Treasury on Monday, April 6, that portion of the federal debt that is subject to a legal limit set by Congress closed the day at $18,112,975,000,000—for the 21st day in a row.
$18,112,975,000,000 is about $25 million below the current legal debt limit of $18,113,000,080,959.35. The debt first hit $18,112,975,000,000, according to the Daily Treasury Statement, on March 13, which was the day Treasury Secretary Jacob Lew sent a letter to House Speaker John Boehner and other congressional leaders saying that he was planning to declare a “debt issuance suspension period.”
This was necessary, Lew explained, because in 2014 Congress enacted legislation that “suspended” the debt limit until March 15 and then reinstated it on that date at whatever level the debt had reached by then.
“As you know, in February 2014, Congress passed the Temporary Debt Limit Extension Act, suspending the statutory debt limit through March 15, 2015,” Lew said in his March 13 letter. “Beginning on Monday, March 16, the outstanding debt of the United States will be at the statutory limit. In anticipation of reaching that date, Treasury has suspended until further notice the issue of State and Local Government Series securities, which count against the debt limit.”
State and Local Government Series securities, the Congressional Research Service explains, are “customized securities available for state and local governments to hold proceeds of bond sales,” and are considered part of the federal government debt that is held by the public.
“Because Congress has not yet acted to raise the debt limit,” Lew said in his March 13 letter, “the Treasury Department will have to employ further extraordinary measures to continue to finance the government on a temporary basis. Therefore, beginning on March 16, I plan to declare a ‘debt issuance suspension period’ with respect to investment of the Civil Service Retirement and Disability Fund and also suspend the daily reinvestment of Treasury securities held by the Government Securities Investment Fund and the Federal Employees’ Retirement System Thrift Savings Plan.”
Lew noted that these same actions had been taken “during previous debt limit impasses.”
For example, as CNSNews.com reported, when Secretary Lew declared a debt issuance suspension period in 2013, the Treasury reported the debt subject to the limit was frozen at $16,699,396,000,000 for 150 days, running from mid-May to mid-October of that year.
On March 16 and 17 Lew sent additional letters to Congress further explaining the actions he would be taking during the “debt issuance suspension period” that began on March 16. The Treasury also posted Frequently Asked Question sheets that explained the actions and their statutory basis.
“Under current law, if the Secretary of the Treasury determines that the issuance of obligations of the United States may not be made without exceeding the debt limit, a ‘debt issuance suspension period’ may be determined,” the Congressional Research Service explained in a report published on March 27. “This determination gives the Treasury the authority to suspend investments in the Civil Service Retirement and Disability Trust Fund, Postal Service Retiree Health Benefit Fund, and the Government Securities Investment Fund (G-Fund) of the Federal Thrift Savings Plan.
“In addition,” said CRS, “this gives Treasury the authority to prematurely redeem securities held by the Civil Service Retirement and Disability Trust Fund and Postal Service Retiree Health Benefit Fund.”
"The total federal debt consists of debt held by the public and intragovernmental debt," the CRS explained in a report published in 2011. "Debt owed to the public represents borrowing from entities other than the federal government, and includes borrowing from state and local governments, the Federal Reserve System, and foreign central banks, as well as private investors in the United States.
"Intragovernmental debt," said CRS, "consists in debt owed by one part of the federal government to another, which are mostly held in trust funds."
The net effect of the Treasury’s actions is that although the publicly held debt of the government continues to fluctuate--as the Treasury redeems maturing debt held by the public and issues new debt held by the public—the overall debt subject to the limit set by Congress closes each business day at $18,112,975,000,000.
As of March 13, according to the Daily Treasury Statement, the federal debt held by the public was $13,083,880,000,000. By April 2, it had risen to $13,096,592,000,000; and, by April 3, it had risen to $13,113,626,000,000.
But on all days from March 13 through April 3, the federal debt subject to the legal limit set by Congress was 18,112,975,000,000.
http://cnsnews.com/news/article/terence-p-jeffrey/21-days-treasury-says-debt-has-been-frozen-18112975000000

American Debt Nears Financial Crisis Peak. Why It Isn't Time to Worry, Yet #Debt #AmericanDebt http://hubs.ly/H06npN50

vis Huffington Post - #AmericanDebt

Credit Card Debt Will Increase with New Interest Rates #creditcarddebt #americor #americandebt #credit9 #creditscore #debtrelief #debtfree