The national debt of the United States reached the record level of $13 trillion, which means that every US citizen owes the world $42,000. It seems that the US...
Tag - debt
Recent headlines coming out of the financial world have been jaw dropping. Here are a few:US faces same problems as Greece, says Bank of England(The...
The dizzy honeymoon created by the EU and IMF pledge yesterday to throw a trillion dollars at eurozone debt has faded as predicted. Investors realize the...
Preface: Most people think that banks lend solely from their base of deposits. Some also know that with fractional reserve banking, they can loan out many...
The European Union is in need of a new economic strategy. The veracity of that statement might seem indisputable, as various EU countries, led by Greece...
A lot of people are very upset about the rapidly increasing U.S. national debt these days and they are demanding a solution. What they don’t realize is...
After every financial crisis there’s a sovereign debt crisis, Marc Faber says. Countries that borrowed too much during the boom times start struggling to...
Look folks, this is really quite simple. Economic Stability and Recovery = Credit Expansion. We cannot recover until we purge the excess debt from the system...
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