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2024-08-06 Economy

Free Money Is Out. Financial Markets Dragged Down by AI Hysteria

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Posted by Grom the Reflective 2024-08-06 11:02|| || Front Page|| [11135 views ] Top

#1 "When it comes to the money the government is siphoning off you through income taxes, most of it is literally going up in smoke.

The most recent Treasury data showed that as the federal government surpasses a record $35 trillion national debt, $1.1 trillion will be spent on interest payments alone this fiscal year.

According to reports: “Interest payments on the federal debt now account for 76% of all personal income taxes collected. This means that for every dollar Americans pay in income tax, about 76 cents go towards paying interest on the national debt.“

https://wokespy.com/76-of-your-income-taxes-are-now-going-towards-interest-on-the-national-debt/

Posted by NoMoreBS 2024-08-06 13:58|| 2024-08-06 13:58|| Front Page Top

#2 How the world's richest companies lost $1 trillion on Monday

Posted by Grom the Reflective 2024-08-06 14:06|| 2024-08-06 14:06|| Front Page Top

#3 market rallied today

gained back about 50-70% of yesterday's losses

Posted by Lord Garth 2024-08-06 16:13|| 2024-08-06 16:13|| Front Page Top

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