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The Ideological Battle Behind the U.S. Debt Crisis
The Ideological Battle Behind the U.S. Debt Crisis The U.S. national debt is at 34.7 trillion dollars. If you laid that many dollar bills end-to-end, it would wrap around the Earth 134,599 times. That’s enough to travel to the sun and back 17 times. Suffice it to say, we’re in a pickle. America is slowly approaching […]
David Stockman on How the US Federal Debt Has Gone Parabolic…
David Stockman on How the US Federal Debt Has Gone Parabolic… The federal debt has been recently increasing by $1 trillion every 100 days. That’s $10 billion per day, $416 million per hour. In fact, Uncle Sam’s debt has risen by $470 billion in the first two months of this year to $34.5 trillion and […]
Endgame: US Federal Debt Interest Payments About To Hit $1 Trillion
Endgame: US Federal Debt Interest Payments About To Hit $1 Trillion There was a shocking number in today’s latest monthly US Budget Deficit report. No, it wasn’t that US government outlays unexpectedly soared 15% to $646 billion in June, up almost $100 billion from a year ago… … while tax receipts slumped 9.2% from $461 billion […]
Debt, Death, and the US Empire
Debt, Death, and the US Empire Yosemite Sam Gets Worried About Federal Debt In a talk which garnered little attention, one of the Deep State’s prime operatives, National Security Advisor John Bolton, cautioned of the enormous and escalating US debt. Deep State operative John Bolton, a.k.a. Yosemite Sam [PT] Photo credit: Mark Wilson / […]
“Print the Money”: Trump’s “Reckless” Proposal Echoes Franklin and Lincoln
“Print the Money”: Trump’s “Reckless” Proposal Echoes Franklin and Lincoln “Print the money” has been called crazy talk, but it may be the only sane solution to a $19 trillion federal debt that has doubled in the last 10 years. The solution of Abraham Lincoln and the American colonists can still work today. “Reckless,” “alarming,” “disastrous,” […]
‘Days of Revolt’: Chris Hedges, Michael Hudson Discuss How We Got to Junk Economics (Video)
‘Days of Revolt’: Chris Hedges, Michael Hudson Discuss How We Got to Junk Economics (Video) teleSUR In this episode of teleSUR’s “Days of Revolt,” Chris Hedges interviews Michael Hudson on the history of classical economics and explores Marx’s interpretation of capitalism as exploitation. Hudson is a professor of economics at the University of Missouri-Kansas City […]
Trumping the Federal Debt Without Playing the Default Card
Trumping the Federal Debt Without Playing the Default Card By Ellen Brown, Web of Debt. “The United States can pay any debt it has because we can always print money to do that. So there is zero probability of default.” — Former Fed Chairman Alan Greenspan on Meet the Press, August 2011 In a post on “Sovereign […]
Dan Amerman: Will Our Private Savings Be Sacrificed To Pay Down The Public Debt? | Peak Prosperity
Dan Amerman: Will Our Private Savings Be Sacrificed To Pay Down The Public Debt? | Peak Prosperity. Recently, an article by Daniel Amerman caught our attention. Titled Is There A “Back Door” Method For The Government To Pay Down The Federal Debt Using Private Savings?, it details the process known as financial repression, where sovereign debts […]