U.S. budget deficit shattered one-month record in June as spending outpaced revenue by $864 billion

An extraordinary assault on US Fiscal Solvency is under way under the Trump administration and because of all the other crises, this one gets little play in the media, yet it may be the most damaging of all/

The Federal Government is now running close to a TRILLION DOLLAR DEFICIT PER MONTH/  Meanwhile the FEDERAL RESERVE BANK OF THE UNITED STATES OF AMERICA if standard accounting practices applied would be running a parallel annualized deficit also close to A TRILLION DOLLARS A MONTH - when you account for the fact that they've taken over 10 trillion dollars of Bad Debt onto their balance sheet to support this imploding economy.

When the Fed took on Three Trillion Dollars of bad debt after the crisis of 2008 they promised to "normalize their balance sheet as soon as appropriate."  They briefly tried to do so in 2013.  The stock market immediately began to crash it what was dubbed a TAPER TANTRUM.  The Fed immediately desisted proving once and for all that their true mandate is to support the risk assets of the very very Rich.  (They've since insisted that much of the bad debt was repaid, without ever opening their books to back up this claim.)

Where is the talk of a normalized Fed balance sheet now?  There is none, because, frankly, it would be regarded as an absolute joke.  

Where is the talk of fiscal responsibility of the Federal Government now?  There is none.  It would be a joke.  The only talk is how many trillions of dollars more do we print up to stave off a depression?

A Solvency Crisis is looming.  And not just in the US.  It is a global crisis.  The only question is what will protect your personal finances during a Solvency Crisis?