Home » Posts tagged 'borrowing'
Tag Archives: borrowing
Do We Really Think a Band-Aid Will Heal a Tumor?
Do We Really Think a Band-Aid Will Heal a Tumor? Borrowing a quarter of the nation’s entire economic output every year to prop up an ineffective, corrupt status quo is putting a Band-Aid over a tumor. If we misdiagnose the disease, our treatment won’t work. We’re all familiar with medical misdiagnoses, which lead to procedures and […]
The Three Ds of Doom: Debt, Default, Depression
The Three Ds of Doom: Debt, Default, Depression “Borrowing our way out of debt” generates the three Ds of Doom: debt leads to default which ushers in Depression. Let’s start by defining Economic Depression: a Depression is a Recession that isn’t fixed by conventional fiscal and monetary stimulus. In other words, when a recession drags on […]
The True Size Of The U.S. National Debt, Including Unfunded Liabilities, Is 222 Trillion Dollars
The True Size Of The U.S. National Debt, Including Unfunded Liabilities, Is 222 Trillion Dollars The United States is on a path to financial ruin, and everyone can see what is happening, but nobody can seem to come up with a way to stop it. According to the U.S. Treasury, the federal government is currently 22 […]
Peter Schiff: We’re not Borrowing Ourselves Rich; We’re Borrowing Ourselves Broke
Peter Schiff: We’re not Borrowing Ourselves Rich; We’re Borrowing Ourselves Broke Peter Schiff has been saying that despite the recent stock market rally and all of the optimism about an end to the trade war, a recession is a done deal. There is plenty of economic data to back up despite the recent economic growth. In his […]
Does Any of This Make Sense?
Does Any of This Make Sense? Does any of this make sense? No. But it’s so darn profitable to the oligarchy, it’s difficult to escape debt-serfdom and tax-donkey servitude. We rarely ask “does this make any sense?” of things that are widely accepted as beneficial— or if not beneficial, “the way it is,” i.e. it […]
America Is Committing Suicide: Over The Past 12 Months, The U.S. National Debt Has Increased By 1.271 Trillion Dollars
America Is Committing Suicide: Over The Past 12 Months, The U.S. National Debt Has Increased By 1.271 Trillion Dollars If we do not change course, our once great nation will be destroyed by a debt that has grown wildly out of control. We are facing an unprecedented debt crisis that literally threatens to bring our […]
Destroying America: It Is Being Projected That The U.S. National Debt Will Hit 99 Trillion Dollars By 2048
Destroying America: It Is Being Projected That The U.S. National Debt Will Hit 99 Trillion Dollars By 2048 Temporary prosperity that is created by exploding levels of debt is not actually prosperity at all. At this moment, the U.S. government is 21.4 trillion dollars in debt, and we have been adding an average of more […]
Do We Really Borrow From Only Ourselves? Does the Debt/GDP Ratio Means Anything?
Do We Really Borrow From Only Ourselves? Does the Debt/GDP Ratio Means Anything? QUESTION: Mr. Armstrong, the famous economist Paul Krugman says that debt is ok when we owe it to ourselves. He calls it “deficit scolding” as he wrote in the New York Times. Would you like to comment on this statement? GH ANSWER: Paul […]
Weekly Commentary: Q1 2018 Z.1 Flow of Funds
Weekly Commentary: Q1 2018 Z.1 Flow of Funds The first-quarter 2018 Z.1 “flow of funds” report can be viewed in two ways. From one perspective, key conventional data are un-extraordinary. Household debt expanded at a 3.3% rate during the quarter, down from Q4’s 4.6%. Home Mortgage borrowings slowed from 3.4% to 2.9%. Total Business debt […]
Why America Is Heading Straight Toward The Worst Debt Crisis In History
Why America Is Heading Straight Toward The Worst Debt Crisis In History Today, America is nearly 70 trillion dollars in debt, and that debt is shooting higher at an exponential rate. Usually most of the focus in on the national debt, which is now 21 trillion dollars and rising, but when you total all forms […]
Debt Cancer: More Than 80 Percent Of American Adults Owe Somebody Else Money
Debt Cancer: More Than 80 Percent Of American Adults Owe Somebody Else Money How long can our debt levels keep growing much, much faster than the overall economy? We haven’t had a year of 3 percent growth for the U.S. economy since the middle of the Bush administration, but we keep borrowing money as if […]
The Kids Are Not Alright
The Kids Are Not Alright Debt initially dazzles and deceives, then it disappoints, disillusions, devastates, and destroys. The thing governments do best is borrow. Performance varies across the range of their purported functions—warfare, maintenance of public order, provision of goods and services, redistribution, regulation—but they all go into debt. The structure of governments and their […]
Creditworthiness of New York and Illinois: One is Bankrupt
CREDITWORTHINESS OF NEW YORK AND ILLINOIS: ONE IS BANKRUPT Summary Unless used for capital improvements, any new Illinois State borrowing, regardless of security structure, will amount to nothing more than kicking the can further down the road. Markets remain open to uncreditworthy government borrows longer than they should. In a low interest rate environment, investors will […]
Canadians Are Borrowing Against Real Estate At The Fastest Pace Ever
Canadians Are Borrowing Against Real Estate At The Fastest Pace Ever Canadian real estate prices have soared, and so did borrowing against that value. Our analysis of domestic bank filings from the Office of the Superintendent of Financial Institutions (OSFI) shows that loans secured against property has reached an all-time high. More surprising is the […]
