Dear Friends,

This may be a first, but you haven’t seen anything yet.

As the income of the USA collapses and the outrageous prejudice of the rescue of the ultra rich continues, the Federal Budget Deficit rises geometrically, not arithmetically.

Economics is in motion. It is not a life form of still photos. Therein is the killer error of almost every economist on the planet.

The premise of the Formula is motion. This winter is the death of the US dollar.

Please protect yourself.

Respectfully yours,
Jim

U.S. Govnt Receipts Collapse

Black swan: as every American knows, April is tax time in the U.S. of A, and accordingly April receipts normally vastly exceeds outlays. Not this year, for the first time in living memory, receipts are lower than outlays in April, a whooping 34% lower than last year.
The accumulated deficit for the first seven of the year is almost double the entire total for last year.

Monthly Treasury Statement: Summary of Receipts, Outlays, and the Deficit/Surplus of the U.S. Government, Fiscal Years 2008 and 2009, by Month

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