The Fed JUST Issued An Economic Warning...

"the United States federal budget is on an unsustainable path."

"the United States national debt just passed $36 trillion for the first time ever."

"In 2024, we are going to have the third largest national deficit in the history of time."

"maybe this means that we're going to see less interest rate cuts come in 2025"

"Jerome Powell is kind of hinting that maybe we won't be cutting interest rates as aggressively next year"

"they've essentially confirmed that they're going to be cutting interest rates again."

"We are running, this is the United States government, very large budget deficits at a time of full employment and strong growth. So, we need to address that. And we've got to do it sooner or later. And sooner is better than later."

"Remember 2024 is the third largest national deficit in the history of American history."

"Recessions have happened in the past. We've seen a recession pretty much every decade for the last century. In fact, we've seen about 16 recessions over the last 100 years, which means we're averaging more than one recession per decade."

"the United States government is spending more taxes on their interest on their debt than they are on the military."

"If we take a look at the last five decades, between 1971 to 2021, incomes have risen by around 600%, but the stock market has risen by around 4,000%."

"In 2024, we are going to have the third largest national deficit in the history of time."

"And this is coming at a time of strong employment. The job market is still strong and the economy is still strong. So why is the government spending so much money?"

"We are going to see less interest rate cuts come in 2025, which of course is very interesting as well because President-elect Trump is going to be entering the White House in January and he has been very adamant on wanting lower interest rates. Now, of course, the White House doesn't set interest rates. It's the Federal Reserve Bank. And the Federal Reserve Bank, although they're called the Federal Reserve Bank, they're technically not Federal... but they do have the ability to set interest rates and they're not supposed to be influenced by who's in the White House. And so this is where Jerome Powell is kind of hinting that maybe we won't be cutting interest rates as aggressively next year, but President-elect Trump wants more aggressive interest rate cuts."

"We are running, this is the United States government, very large budget deficits at a time of full employment and strong growth. So, we need to address that. And we've got to do it sooner or later. And sooner is better than later."

"Recessions happen. Recessions have happened in the past. We've seen a recession pretty much every decade for the last century. In fact, we've seen about 16 recessions over the last 100 years, which means we're averaging more than one recession per decade."

"And the United States government is spending more taxes on their interest on their debt than they are on the military. That's a problem."

"If we take a look at incomes over the last five years, incomes have risen by less than 20%, the stock market has risen by around 90%. If we took at the last five decades, between 1971 to 2021, incomes have risen by around 600%, but the stock market has risen by around 4,000%."