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Tag Archives: debt
What To Do When The Planets Diverge
What To Do When The Planets Diverge Planets Jupiter and Saturn came into closer alignment than any time since 1226 this week. Yet the planets in Washington did not align. The federal government was unable to ‘Christmas tree’ its stimulus bill. At the 11th hour, President Trump called bull pucky on the contents of Congresses […]
Is Society Collapsing?
Is Society Collapsing? Abandoned passenger train car, Astoria, Oregon. Photo: Jeffrey St. Clair. Twenty-five years ago, when the high-tech Second Industrial Revolution had just begun, I made a bet with an editor from Wired magazine that global society led by the United States would collapse in the year 2020 from a confluence of causes created by modern […]
From a Hamilton Moment to Perpetual Debt Slaves: This Is the True Face of the EU
From a Hamilton Moment to Perpetual Debt Slaves: This Is the True Face of the EU Over the summer while the U.S. was mired in the worst kind of color revolution with race riots, economic shutdowns and the worst kind of divisive politics, the European Union was celebrating its great achievement. A seven-year budget and […]
Cycles, Systems and Seats in the Coliseum
Cycles, Systems and Seats in the Coliseum The idea that debt, leverage, speculation, greed, exploitation and parasitic elites can expand exponentially forever is magical thinking. Contrary to first impressions, I am not a doom-and-gloomer; I’m a systems-cycles-er, meaning I’m interested in where systems and cycles are heading. Cycles work because we’re still running Wetware 1.0 which entered beta testing […]
Handout Economics: Bizarre New Game Played by Governors and Mayors Nationwide
Handout Economics: Bizarre New Game Played by Governors and Mayors Nationwide If you willingly chose to quit your paying job, spent all of your savings, then demanded that someone else foot the bill for your lifestyle… that wouldn’t make sense. Well, not to most people. But it sure seems like some states in the U.S. are doing […]
If You Thought 2020 Was Bad, Watch What Happens In 2021
If You Thought 2020 Was Bad, Watch What Happens In 2021 In terms of the economy and the American social situation, 2020 is definitely one of the ugliest years on record, there’s really no way around it. That said, I get the impression that many in the public are operating under the assumption that we […]
The “Great Reset” and Plans for a Global War on Savings
The “Great Reset” and Plans for a Global War on Savings Global debt is expected to soar to a record $277 trillion by the end of the year, according to the Institute of International Finance. Developed markets’ total debt—government, corporate, and households—jumped to 432 percent of GDP in the third quarter. Emerging market debt-to-GDP hit […]
Global Debt approaching $280 Trillion by Year-end.
Global Debt approaching $280 Trillion by Year-end. Global debt is exploding thanks to the deliberate COVID-19 manufactured crisis. It is approaching $280 trillion going into year-end. We should no longer call it even debt because at this point, they are just creating the money and the central banks are buying it. Moreover, there is ABSOLUTELY no intention […]
The U.S. Government Will Inflate To The Bitter End
The U.S. Government Will Inflate To The Bitter End The big news organizations say Joe Biden’s the next president of the USA. That claims of election fraud and fixing are baseless. Do you believe them? Do you trust them? Regardless, Biden’s acting as if. He’s talking to foreign leaders. He’s meeting with vaccine makers. He’s […]
Weekly Commentary: Scorched Earth
Weekly Commentary: Scorched Earth November 18 – Reuters (Rodrigo Campos): “Global debt is expected to soar to a record $277 trillion by the end of the year as governments and companies continue to spend in response to the COVID-19 pandemic, the Institute of International Finance said in a report… The IIF… said debt ballooned already […]
Why We Need a Free Market in Money
WHY WE NEED A FREE MARKET IN MONEY What is fiat money and what does it do? This is essential to understand since today’s worldwide unbacked paper, or “fiat,” money regime is an economically and socially destructive scheme—with far-reaching and seriously harmful consequences. There is an answer, though, and this lies in ending the money production monopoly of […]
The Shocking Growth In America’s National Deficit
The Shocking Growth In America’s National Deficit Government Spending Gone Wild! To say the national deficit is out of control may be an understatement. Our surging deficit is a sign of “spending has gone wild.” The important point is that covid-19 has again given us a reason to divert our eyes away from the over the […]
The “Great Reset” And The Risk Of Greater Interventionism
The “Great Reset” And The Risk Of Greater Interventionism Global debt is expected to soar to a record $277 trillion by the end of the year, according to the Institute of International Finance. Developed markets’ total debt -government, corporate and households- jumped to 432% of GDP in the third quarter. Emerging market debt-to-GDP hit nearly […]
Middle East Oil Producers Are Drowning In Debt
Middle East Oil Producers Are Drowning In Debt Arab Gulf oil producers are losing billions of U.S. dollars from oil revenues this year due to the pandemic that crippled oil demand and oil prices. Because of predominantly oil-dependent government incomes, budget deficits across the region are soaring. Middle East’s oil exporters rushed to raise taxes and […]
