marketcrash
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debt collapse
12/06/2024
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By Ethan Huff
HALF of all U.S. states going BANKRUPT, financial report finds
The future of America hangs in the balance as the country’s financial state is not exactly strong. A recent report from Truth in Accounting has revealed that 27 states across America, more than half, ended fiscal year 2023 with a deficit, meaning they did not have enough money on hand to cover their financial obligations. […]
12/06/2024
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By News Editors
Europe is again on the brink of financial Armageddon. This time it may not step back
How they laughed when Britain’s hard-won reputation for pragmatic and stable government descended into chaos in the aftermath of the vote for Brexit. (Article by Jeremy Warner republished from Telegraph.co.uk) How they gloated and delighted in saying “told you so” when Liz Truss threw caution to the wind and in an act of breath-taking recklessness […]
12/05/2024
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By Cassie B.
U.S. pension systems are on the verge of debt collapse
Pension systems throughout the U.S. are falling deeper into what experts term “pension debt paralysis,” even in the face of record-setting contributions from state and local governments. The city of Milwaukee was recently given a grade of D by Truth in Accounting for its financial position due to its pension system’s huge net liability of […]
12/04/2024
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By News Editors
The looming debt crisis: Is America following the path of collapsed empires?
Debt can topple even the most powerful empires. (Article by Nick Giambruno republished from InternationalMan.com) Whether it’s Rome, Spain, France, Britain, or the Soviet Union, excessive debt has played a critical role in their decline. The typical pattern in these examples of collapsing empires is: Stage #1: Empires achieve success and become overconfident. Stage #2: Overconfidence leads […]
11/26/2024
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By News Editors
With or without tariffs, the USD is a Ponzi
With soaring deficits, soaring debt, and interest payments that can only be made by issuing a debt-based currency on which even more interest will be due, the USD can only possibly be described as an elaborate nation-state level bankster Ponzi scheme. (Article republished from SchiffGold.com) Dollars are backed by debt, which requires infinite economic growth to […]
11/25/2024
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By Ava Grace
Credit card debt hits record $1.17 trillion, New York Fed research shows
Household debt in the United States grew by another $147 billion over the third quarter of 2024, with credit card debt being one of the leading drivers of the new debt. This is according to the Quarterly Report on Household Debt and Credit from the Federal Reserve Bank of New York’s Center for Microeconomic Data, […]
11/15/2024
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By News Editors
Biden’s economic time bomb: A warning to Trump
The insane neo-Keynesian policies implemented by the Biden-Harris administration have created persistent inflation and record levels of debt with two objectives: to bloat Gross Domestic Product and jobs with public spending and government jobs. (Article republished from Mises.org) The United States’ insane inflation is solely due to out-of-control spending and currency printing. Corporations, wars, or supply chains […]
11/13/2024
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By Ava Grace
DEBT BOMB: Federal government borrowed $255 BILLION in October
The latest report from the nonpartisan Congressional Budget Office notes that the government of the United States borrowed $255 billion in October. The federal government’s massive borrowing and budget deficits are expected to strain the prospects of President-elect Donald Trump quickly turning around the U.S. economy and affect the country’s competitiveness in global markets. “There’s a fiscal storm on […]
10/31/2024
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By News Editors
Fourth Turning election igniting a firestorm
How many times have you heard this is the most important election of our lifetimes in the last few weeks? When Strauss & Howe published The Fourth Turning in 1997, the national debt was $5.4 trillion, and the country was running an annual deficit of $22 billion. We now add $22 billion of debt every 4 days, amounting to […]
10/30/2024
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By News Editors
Economic treason
No matter who “wins” the next presidential election, the economy is not going to survive. Perhaps the whole banking system will fail, sparking hyperinflation like that of the Zimbabwean sort. (Article republished from TLDavis.Substack.com) People tend to shrug their shoulders or wag their heads at one trillion dollars of debt service, because they know there’s […]
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