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  • smokingman

    Grandmaster
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    2   0   0
    Nov 11, 2008
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    149
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    Last year alone the Treasury Department had to raise nearly $20 trillion to repay maturing bonds. Plus, they borrowed an additional $2.4 trillion in brand new debt on top of the $20 trillion.

    Unbelievable.

    And so far in just the first three months of 2024, the Treasury Department has issued a record $7.2 trillion in government bonds– shattering the previous record for quarterly debt issuance that was set in 2020 during the pandemic.

    Out of last quarter’s $7.2 trillion debt issuance, roughly $600 billion of that was brand new debt… meaning that a whopping $6.6 trillion was borrowed to refinance existing debt.


    To put that number in context, the total combined value of all bank deposits in the United States is $17.5 trillion. So merely refinancing the federal debt that matured last quarter alone required the equivalent of 37% of all US bank deposits.


    Oh,and when that debt rolled over it is now at MUCH higher rates. Hell a 90day treasury is yielding close to 5% currently vs .25 just 4 years ago.
     
    Last edited:

    DadSmith

    Grandmaster
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    1   0   0
    Oct 21, 2018
    22,719
    113
    Ripley County

    smokingman

    Grandmaster
    Rating - 100%
    2   0   0
    Nov 11, 2008
    9,501
    149
    Indiana
    Last year alone the Treasury Department had to raise nearly $20 trillion to repay maturing bonds. Plus, they borrowed an additional $2.4 trillion in brand new debt on top of the $20 trillion.

    Unbelievable.

    And so far in just the first three months of 2024, the Treasury Department has issued a record $7.2 trillion in government bonds– shattering the previous record for quarterly debt issuance that was set in 2020 during the pandemic.

    Out of last quarter’s $7.2 trillion debt issuance, roughly $600 billion of that was brand new debt… meaning that a whopping $6.6 trillion was borrowed to refinance existing debt.


    To put that number in context, the total combined value of all bank deposits in the United States is $17.5 trillion. So merely refinancing the federal debt that matured last quarter alone required the equivalent of 37% of all US bank deposits.


    Oh,and when that debt rolled over it is now at MUCH higher rates. Hell a 90day treasury is yielding close to 5% currently vs .25 just 4 years ago.
    January of 2022 the yield on the 90day treasury was .01 today it is 5.41

     

    smokingman

    Grandmaster
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    2   0   0
    Nov 11, 2008
    9,501
    149
    Indiana
    Or..
    if they're that bad, people could maybe.. stop working for those companies.
    It has more to do with some companies wanting to snipe other companies talent. It is now fair game for example if Google wants to snipe a Tesla employee they now can. It has zero to do with helping workers and more about helping those with deep pockets steal the workers with the knowledge they gained working else where. Nvidia employees will be a huge target for example. Likely someone pushed/bribed this into being. Noncompetes have been a thing since Ford created the assembly line, but not now.

    It will not be just tech. Lilly's,BASF,and countless other companies and industries will be impacted. Why not...it is legal now.

    May be a good time to buy LinkedIn stock as I am sure it will be used to locate snipes.
     
    Last edited:

    Ingomike

    Top Hand
    Rating - 100%
    6   0   0
    May 26, 2018
    28,889
    113
    North Central
    It has more to do with some companies wanting to snipe other companies talent. It is now fair game for example if Google wants to snipe a Tesla employee they now can. It has zero to do with helping workers and more about helping those with deep pockets steal the workers with the knowledge they gained working else where. Nvidia employees will be a huge target for example. Likely someone pushed/bribed this into being. Noncompetes have been a thing since Ford created the assembly line, but not now.

    It will not be just tech. Lilly's,BASF,and countless other companies and industries will be impacted. Why not...it is legal now.

    May be a good time to buy LinkedIn stock as I am sure it will be used to locate snipes.
    I hope this gets shut down by the courts, it is legislating again…
     

    loudgroove

    Expert
    Site Supporter
    Rating - 100%
    1   0   0
    Jul 7, 2023
    953
    93
    Lagrange Indiana
    This in my opinion as with a lot of other things is too much government involvement. Its past time to get government out of our lives. Capitalism works if you keep the commies out of it. Businesses should be aloud to run as they see fit. The thing about Capitalism is you are free to not take the job or change to a different job that isn't competition to fulfill out the non-compete agreement.
     
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