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Archive for debt

Another War Will Be Required to Burn $13 Trillion of USA’s National Debt

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. »»

Is the Financial System Corrupt?

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 »»

$1 Trillion Was Not Enough

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 »»

German Central Bank Admits that Credit is Created Out of Thin Air

Preface: Most people think that banks lend solely from their base of deposits.

Some also know that with fractional reserve banking, they can »»

A crisis of sovereignty as well as debt

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, »»

It Is Now Mathematically Impossible To Pay Off The U.S. National Debt

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 »»

Marc Faber: The Next Crisis, Sovereign Debt

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 pay »»

There Is NO Economic Recovery Happening

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, and »»