Posts Tagged ‘trillion’

‘Can’t afford’ build back better? US billionaires saw $1 trillion wealth boom in 2021 alone

Image credit: Wikipedia A new analysis out Tuesday shows that the nearly 750 billionaires in the United States saw their combined wealth soar by $1 trillion in 2021, a 25% jump that—if taxed—would be enough to fully fund major priorities in Democrats’ stalled Build Back Better package. According to fresh number-crunching by Americans for Tax Fairness (ATF), Tesla […]

Wall Street Dealmaking Tops $5.8 Trillion In Record Year As Fed Floods World With Money

Ask any junior banker, and they will likely tell you that staffing levels are criminally low considering the intensity of deal flow over the past year. So it shouldn’t come as a surprise that 2021 was – just like last 2020 – a bumper year for deals, from SPACs to M&A. According to data from […]

Fed Drains $1.9 Trillion in Liquidity from Market via Overnight Reverse Repos

The New York Fed disclosed today that its overnight reverse repos (RRPs) spiked by $208 billion from yesterday, to a record $1.904 trillion. With these RRPs, the Fed took in $1.9 trillion in cash from 103 counterparties, and in exchange handed out Treasury securities, temporarily draining $1.9 trillion in liquidity from the market and financial […]

Billionaires increased wealth by $3.6 trillion in 2020, as millions died from global pandemic

The World Inequality Report 2022, released by the global research initiative World Inequality Lab, found that the COVID-19 pandemic has widened the financial gap between the rich and poor to a degree not seen since the rosy days of world imperialism at the turn of the 20th century. The world’s billionaires enjoyed the steepest increase […]

The Lithium Extraction Tech That Could Take Tesla To $2 Trillion

In Austin, Texas, Elon Musk is building his Tesla Cybertruck plant… And is developing a new technology to supply their huge lithium requirements. Even Samsung is moving production from overseas to Texas Why? American lithium is expected to be in high-demand for the next century… And early investors in the companies set to profit could receive significant returns on […]

Since 2008, Monetary Policy Has Cost American Savers about $4 Trillion

After 13 years with on average negative real returns to savings, it is time to require the Fed to address its impact on savers. By Alex J. Pollock, Senior Fellow at the Mises Institute. With inflation running at over 6 percent and interest rates on savings near zero, the Federal Reserve is delivering a negative 6 percent real (inflation-adjusted) return on trillions […]

How to cut $1 trillion from the Pentagon

Bernie Sanders (Crush Rush via Shutterstock) Even as Congress moves to increase the Pentagon budget well beyond the astronomical levels proposed by the Biden administration, a new report from the Congressional Budget Office (CBO) has outlined three different ways to cut $1 trillion in Department of Defense spending over the next decade. A rational defense policy could […]

Nvidia Rallies With Key Catalysts Ahead: Will Chipmaker Be the Next to Join $1-Trillion Club?

Nvidia, Inc. (NVDA) shares rallied strongly Thursday, helping the graphics chipmaker add close to $100 billion in market capitalization in a single session. The strong gains raise the specter of an imminent correction, but the company stands to gain from a series of catalysts lined up for the coming months. Nivida a Star Performer Year-to-Date: […]

US billionaires are now $2.1 trillion richer than before the pandemic

America’s billionaires have grown $2.1 trillion richer during the pandemic, their collective fortune skyrocketing by 70 percent — from just short of $3 trillion at the start of the COVID crisis on March 18, 2020, to over $5 trillion on October 15 of this year, according to Forbes data analyzed by Americans for Tax Fairness […]

Global Debt Leaps to $226 Trillion, reports IMF

The global debt has jumped to a new high of $226 trillion, said the International Monetary Fund (IMF) on October 13, 2021. As reason of this leap in global debt, the IMF has cited the Covid-19 and policies put in place to respond to it. Global debt in 2020, including public and private borrowing, “jumped by 14 percent to […]

A.I. Breakthrough Could Disrupt the $11 Trillion Medical Sector

A massive disruption now appears imminent in one of the world’s largest – and most important – industries. In much the same way that Amazon disrupted the retail business – and how PayPal disrupted the payments industry – one under-the-radar health technology company now seeks to transform the $11.85 trillion global health industry. By moving healthcare away […]

Three Ways To Cut $1 Trillion From The Pentagon

According to the Congressional Budget Office. Today the Congressional Budget Office released a new report, “Illustrative Options for National Defense Under a Smaller Defense Budget,” that outlines three different options for cutting funding for the Department of Defense by $1 trillion, or 14 percent, over the next ten years. The report makes clear that the United […]

GOP, Media Silent on Huge Migration Changes in $3.5 Trillion Bill

The Democrats’ draft spending bill still includes huge changes to the nation’s migration laws, even after the Senate’s parliamentarian removed several amnesties from the multi-trillion dollar spending bill. The bill would dramatically push up housing prices by expanding the inflow of chain migrants, and also would slash white-collar salaries by creating a new and uncapped […]

Joe Biden: My $3.5 Trillion Agenda Costs ‘Zero Dollars’

President Joe Biden continued pushing a new White House talking point that claimed his $3.5 trillion spending agenda actually cost “zero dollars.” “My Build Back Better Agenda costs zero dollars,” a post from Biden’s Twitter account read on Saturday. His message argued money was currently “wasted” on “tax breaks, loopholes, and tax evasion” and need […]

REPORT: Since 9/11 US Spent $21 TRILLION or $2.8 Billion Per Day in the ‘War on Terror’

(TAC) It’s time to count the cost of America’s 2-decade “war on terror.” As recently reported, the war in Afghanistan launched in the wake of the 9/11 attacks cost $2.26 trillion. That comes to over $300 million spent every single day over the span of two decades. But that doesn’t begin to account for the total cost of […]

Report: Joe Manchin Pushes for ‘Strategic Pause’ for $3.5 Trillion Infrastructure Bill Until Next Year

Sen. Joe Manchin (D-WV) said that President Joe Biden and the Democrat-led Congress should take a “strategic pause” from the Democrats’ $3.5 trillion infrastructure bill, according to Axios. Manchin reportedly told workers at a Procter & Gamble facility in Martinsburg, West Virginia, that he wanted to pause all negotiations on the $3.5 trillion bill until […]

With $20 trillion between them, Blackrock and Vanguard could own almost everything by 2028

(What about WEP? You’ll own nothing and be happy.) Two towers of power are dominating the future of investing Author of the article: Rachel Evans, Sabrina Willmer, Nick Baker and Brandon Kochkodin, Bloomberg News Publishing date:Dec 04, 2017  •  December 4, 2017  •  6 minute read Imagine a world in which two asset managers call the shots, in which […]

Pentagon Paid the Arms Industry at Least $4.4 Trillion Since 9/11

Brown University’s Costs of War Project released a new report Monday detailing post-9/11 spending by the Pentagon. The study found that of the over $14 trillion spent by the Pentagon since the start of the war in Afghanistan, one-third to one-half went to private military contractors. The report, authored by William Hartung of the Center for International […]

Global Debt Hits A Record $300 Trillion, Up $36 Trillion Since COVID

Another quarter, another all-time high in global debt (don’t expect this to ever again drop under the existing monetary framework). According to the Institute of International Finance (IIF), total global debt – which includes government, household and corporate, and bank debt but excludes derivatives and various other exotic products – rose to a new record high of […]

Tuberville: Manchin Will Vote for Parts of the $3.5 Trillion Reconciliation Bill

Despite Sen. Joe Manchin (D-WV) was a hard “no” on the proposed $3.5 trillion reconciliation bill on Sunday, his colleague, Sen. Tommy Tuberville (R-AL), thinks Manchin will vote for the bill when it is at a much lower price tag. During an appearance on Fox Business Network on Monday, Tuberville told FBN’s Maria Bartiromo, based […]

Lawmakers pave way for $1.2 trillion in new military spending over next 10 years

These pages recently covered the Senate Armed Services Committee’s successful effort to add $25 billion in taxpayer-funded slush to the annual defense budget bill. Democrats and Republicans joined hands to fatten up the defense bill by 3.5 percent, with Sen. Elizabeth Warren (D-MA) casting the lone dissenting vote. That increase was just endorsed by the House Armed […]

US Global Wars Cost 900k Lives, $8 Trillion Over Two Decades

UPROOTED PALESTINIANS: SALAM ALQUDS ALAYKUM September 2, 2021 By Staff, Agencies The US so-called war on terror has taken almost one million lives across the globe and cost the country $8 trillion, over the past two decades, says a new report. A report issued by Costs of War Project at Brown University, at end of […]

Our ‘trillion-dollar seven’: Can we summon the courage to tax them?

The collective wealth of the seven wealthiest Americans, all white men, has now just about reached $1 trillion. These seven pay virtually nothing in income tax. This past April, I reported on another obscene milestone in U.S. wealth concentration. Back then, for the first time ever, $1 trillion sat in the pockets of just eight […]

The U.S. Has Spent $2.313 Trillion on War in Afghanistan Since 2001

Since invading Afghanistan in 2001, the United States has spent $2.313 trillion on the war, which includes operations in both Afghanistan and Pakistan. Note that this total does not include funds that the United States government is obligated to spend on lifetime care for American veterans of this war, nor does it include future interest payments […]

20 Years Of War In Afghanistan Has Cost US Taxpayers Over $2.2 Trillion

“From its start in 2001 through April 2021, the war in Afghanistan has cost U.S. taxpayers approximately $2.261 trillion, according to estimates earlier this year from the Costs of War Project at Brown University,” Fox News reviews of the disturbingly high figures. All that as the US public now sits back and witnesses US-trained Afghan […]

Congress Excited To Find Out What They Just Spent $1.2 Trillion On

WASHINGTON, D.C.—After a bipartisan vote in the U.S. Senate agreed to spend over a trillion dollars of taxpayer money, politicians from both sides of the aisle began eagerly speculating about what they just spent all that money on. “Man, there could be anything in that bill!” said a giddy Mitt Romney. “Maybe everyone is getting a […]

Mike Lee: Biden Spending Plan a ‘Multi-Trillion Dollar Inflation Bomb’ — ‘Reverse Robin Hood’

Sunday on New York WABC 770 AM radio’s “The Cats Roundtable,” Sen. Mike Lee (R-UT) ripped the Democrats’ $3.5 trillion infrastructure deal. Lee described the “multi-trillion dollar inflation bomb” as “reverse Robin Rood” because it robs the poor to give to the rich. He warned the middle class and below “will be most hurt” by […]

$400 TRILLION REAL DEBT OF UNITED STATES RUN UP BY OUR SATANIC ROTHSCHILDS/ROCKEFELLERS

Brighteon blob:https://www.brighteon.com/fcfcec35-a164-4c5b-b0a1-aa96f09489ac Comment: The Globalists he’s speaking of are ZIONIST cabal members like Bill Gates, ZIONISTS Rothschilds, ZIONISTS Rockefellers, and banksters, Hollywood Financiers & Studios. They own our politicians, media, Presidents, Book Publishing, Healthcare system (Rockefeller & Rothschilds), etc. They own amazon, ebay, etsy, facebook, CIA, FBI, etc. Source

Far-Left Jamaal Bowman Will Introduce $1.43 Trillion ‘Green New Deal for Public Schools’

The so-called “squad” member Rep. Jamaal Bowman (D-NY) is set to introduce a “Green New Deal for Public Schools” in the House on Friday, which would cost $1.43 trillion over ten years. The far-left Democrat’s proposal would spend $446 billion on Climate Capital Facilities Grants toward retrofitting the nation’s public school buildings. It would also give major investments in expanding social […]

Senate Democrats Announce $3.5 Trillion Reconciliation ‘Infrastructure’ Proposal

Senate Democrats announced Tuesday evening a $3.5 trillion reconciliation “infrastructure” proposal that otherwise would not make it into a bipartisan infrastructure deal. “We are very proud of this plan,” Sen. Chuck Schumer (D-NY) told reporters. “We know we have a long road to go. We’re going to get this done for the sake of making average Americans’ […]

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