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New analysis sees return of trillion-dollar budget deficits
This probably will require even more vigorous suppression of monetary metals prices.
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By Andrew Taylor
Associated Press
via Minneapolis Star Tribune
Friday, March 2, 2018
WASHINGTON -- Trillion-dollar budget deficits are returning next year, and $2 trillion-plus deficits are not far off in the wake of President Donald Trump's tax cuts and last month's big budget deal, a private group warned in a new analysis today.
The analysis, by the Committee for a Responsible Federal Budget, says that the separate tax and spending measures, along with increased borrowing costs, promise to add $6 trillion to the nation's already rapidly rising debt in the coming decade.
... Dispatch continues below ...
Peat Resources Ltd. Engages Better Chain S.L.
in Launch of Cobalt Blockchain Project
Company Announcement
Thursday, March 1, 2018
TORONTO -- Peat Resources Ltd. (TSXV: PET) is pleased to announce that it has engaged Better Chain S.L. in the launch of the company's project to provide a blockchain-based platform to demonstrate compliance of cobalt and other minerals (the Cobalt Blockchain Project) with international standards on responsible procurement.
"Manufacturers and end-users are demanding more transparency on the origin of minerals to ensure compliance with international standards and that all materials procured are conflict- and child-labor-free," said Lance Hooper, Peat's president and chief operating officer. "To help meet these demands we are pleased to welcome Better Chain to the Cobalt Blockchain Project. Their wealth of experience will add immense value to our efforts in developing an integrated platform for mineral supply chains with an immediate focus on unlocking the potential of ethically-sourced cobalt from the Democratic Republic of the Congo." ...
Peat Resources Ltd. is a Canadian resource company expanding its exploration and development business to include interests in cobalt and other mineral assets, with existing licenses for conflict-free mineral and metals provisioning in the DRC, and exploring distributed ledger technology-based certification to ensure a socially-responsible cobalt supply chain with the Cobalt Blockchain Project. ...
... For the remainder of the announcement:
https://ceo.ca/@newswire/peat-resources-limited-engages-better-chain-sl-in
It assumes that Washington continues to fail to take steps to rein in spending and that the tax cuts and budget-busting spending deal are made permanent. If so, the government's yearly deficit would grow to $2.4 trillion in 10 years.
By contrast, Trump's recent budget plan -- which relies on greater economic growth than most other forecasts and promises deep, unlikely cuts to domestic agencies -- says the 2028 deficit could be brought down to less than $400 billion.
The group, which advocates for smaller deficits and curbing federal benefit programs such as Medicare, warns that "these projections show a fiscal situation that is clearly unsustainable." ...
... For the remainder of the report:
http://www.startribune.com/new-analysis-shows-return-of-trillion-dollar-...
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