In particular, some recent facts below are emerging which further support my otherwise sad conviction that the American economy (not to be confused with its Fed-supported stock exchanges) is literally living on borrowed time. Fast forward to January 2024, and that same CBO has just announced a $509B Federal budget deficit for Q1 2024. Folks, that adds up to annual deficit run rate of $2.2T. Keep It Simple: Powell Will PivotDebtors, including Uncle Sam, need inflation and need a debased currency. And this means Powell will once again crank out the money printers at the Eccles Building to “buy” those IOUs.