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How An Italian Debt Crisis Could Take Down The EU
How An Italian Debt Crisis Could Take Down The EU Plagued by another run of bank bailouts and simmering tensions between the partners in its ruling coalition, Italy’s brief reprieve following the detente between its populist rulers and angry bureaucrats in Brussels is already beginning to fade. As Bloomberg reminded us on Monday, Italy’s $1.7 trillion pile of […]
Hurtling Toward Bankruptcy
HURTLING TOWARD BANKRUPTCY The federal government owes people almost $22 trillion. That means that American taxpayers owe people almost $22 trillion. That’s because the federal government has no money of its own. The money it gets comes entirely from American taxpayers. That’s what the IRS is for — to make certain that everyone sends his […]
A World of Debt–Where Are the Risks?
A WORLD OF DEBT – WHERE ARE THE RISKS? Private debt has been the main source of rising debt to GDP ratios since 2008 Advanced economies have led the trend Emerging market debt increases have been dominated by China Credit spreads are a key indicator to watch in 2019 Since the financial crisis of 2008/2009 […]
Chapter 2: Laws That Make Robbery Legal.
CHAPTER 2: LAWS THAT MAKE ROBBERY LEGAL. A law can be anything from an attempt to establish justice on earth to a device for robbery and murder.[1] Nazi race law was an example of the latter. Most people pay lip service to the idea that laws should be just; but in fact, laws are often made […]
The revolution of the petty bourgeoisie
The revolution of the petty bourgeoisie The 2008 financial disaster marked the beginning of a deep identity crisis in the West. After the collapse of American Lehman Brothers, governments around the globe began to support their financial institutions with unlimited amounts of tax money. Small and middle size companies would bankrupt and people in the […]
Why Deal With Structural Issues When You Can Simply Engage in Wealth Grabs?
Why Deal With Structural Issues When You Can Simply Engage in Wealth Grabs? They’re coming for your money. The Everything Bubble has burst and the debt markets are in distress. We’ve already seen yields rise above their long-term downtrend, suggesting that higher debt costs are now a reality. Because any real structural solution to this […]
U.S. Debt Worries Fed Chairman Powell – Fears May Be Confirmed in March
U.S. Debt Worries Fed Chairman Powell – Fears May Be Confirmed in March As we enter 2019, the U.S. national debt continues to grow, approaching $22 trillion with global Government debt sitting at $72 trillion. It seems like the 21st century is hitting the U.S. with a debt “haymaker,” according to CNBC (emphasis ours): U.S. debt began accelerating at […]
Europe’s Debt Crisis: Challenges for the Left, Confronting the Creditors
Europe’s Debt Crisis: Challenges for the Left, Confronting the Creditors Second part of the interview given to LVSL. Here, the first part: The Doctrine of Odious Debt. Break the Taboo on Odious Debts and Their Repudiation LVSL: If we look at the case of Greece in 2015, we see that there was a change of regime […]
The Hidden Revelation
The Hidden Revelation The current government shutdown (the longest in history) comes with a hidden revelation: Millions of Americans are financially unprepared for the next economic downturn. Worse, they are highly vulnerable with few protections. 10 years after the financial crisis the economic recovery has left millions behind with little to no savings and the […]
Visualizing The Snowball Of Global Government Debt
Visualizing The Snowball Of Global Government Debt Over the last five years, markets have pushed concerns about debt under the rug. But, while economic growth and record-low interest rates have made it easy to service existing government debt, Visual Capitalist’s Jeff Desjardins points out that it’s also created a situation where government debt has grown […]
‘Modern Monetary Theory’ Is a Joke That’s Not Funny
‘Modern Monetary Theory’ Is a Joke That’s Not Funny Yes, a government that issues its own currency can pay its bills. But piling up debt for no urgent reason is lunacy. There’s a theory behind it. Photographer: Eva Hambach/AFP/Getty Images If you follow the debates over U.S. economic policy, you had probably heard of […]
Don’t Be So Sure Hyperinflation Can’t Hit the U.S.
Don’t Be So Sure Hyperinflation Can’t Hit the U.S. Some progressives back piling on even more debt to pay for social programs. That could be risky. Marking time. Photographer: Ramin Talaie/Getty Images North America Discussions of big government spending programs often revolve around the question of how to pay for them. For example, Representative Alexandria […]
Global Debt Surpasses 244 Trillion Dollars As “Nearly Half The World Lives On Less Than $5.50 A Day”
Global Debt Surpasses 244 Trillion Dollars As “Nearly Half The World Lives On Less Than $5.50 A Day” The borrower is the servant of the lender, and one of the primary ways that the elite keep the rest of us subjugated is through the $244,000,000,000,000 mountain of global debt that has been accumulated. Every single […]
