Saturday , 21 October 2017


Tag Archives: PIIGS

Where Does U.S. Credit-worthiness Rank Among Other Countries?

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Leading up to the short term resolution of the debt ceiling crisis there were many articles about the extent of the national debt of the U.S.. the likelihood of default and, as such, the overall credit-worthiness of the once proud U.S. of A. The fact is, however, that while the U.S. does not rank in the top 10, it is far more financially sound than most other countries. Take a look at where it ranks compared to 47 other countries.

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If You Are Not Preparing For a US Debt Collapse, NOW Is the Time to Do So! Here's Why

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Timing the U.S. debt implosion in advance is virtually impossible. Thus far, we've managed to [avoid such an event], however, this will not always be the case. If the U.S. does not deal with its debt problems now, we're guaranteed to go the way of the PIIGS, along with an episode of hyperinflation. That is THE issue for the U.S., as this situation would affect every man woman and child living in this country. [Let me explain further.] Words: 495

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George Soros: a Great Depression-like Scenario Could Very Well Play Out – Here's Why

Europe is on the verge of a collapse, and unless something gets done relatively soon, (perhaps as soon as the next few weeks), Europe is likely to experience their own 2008 scenario. The U.S. and Chinese economies are heavily dependent on exporting goods to Europe, and with Eurozone growth slowing as a result of the potential default in Greece, and then on to the rest of the PIIGS, a "Great Depression-like scenario" could very well play out. [In fact,] George Soros thinks we are headed towards another Great Depression and, you know what, he's right! What do you think? Is George Soros right? Are we headed for another depression? Words: 530

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Why Many Analysts See Gold Going As High As $10,000

My first reaction when I read an article* on this site by Arnold Bock - articulating why gold would go to $10,000 – by 2012 no less - was amazement. Who in their right mind would suggest that gold would eventually reach $2,500, let alone $5,000 or even $10,000? Words: 2097

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Crisis and Aftermath: Economic Outlook and Risks for the US

This boom will be pleasant while it lasts. It might go on for a number of years, in much the same way many people enjoyed the 1920s. Be that as it may, we have failed to heed the warnings made plain by the successive crises of the past 30 years, and this failure was made clear during 2008–09. The most worrisome part is that we are nearing the end of our fiscal and monetary ability to bail out the system. In 2008–09 we were lucky that major countries had the fiscal space available to engage in stimulus and that monetary policy could use quantitative easing effectively. In the future, there are no guarantees that the size of the available policy response will match the magnitude of the shock to the credit system. Words: 2262

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