Saturday , 18 January 2020


Debt & Deficits

Financial Repression: How Sneaky Governments Steal Your Money

One of the things that's being lost in the welter of rhetoric around the debt crises of sovereign nations is that these are not normal debtors, and government debt is not the same as personal debt. If you or I are in debt we are obliged to fulfil the terms of our repayment obligations or to go bankrupt or to pretend to die and go off and live on the life insurance. A country in the same situation has a range of other measures available to it...[Let's explore their options and what their implications would be for the country and its citizens.] Words: 1145

Read More »

Addiction to Borrowing Causing Another Bubble – Take a Look

We are trying to get out of a debt led crisis with more debt. The facts show this and we have compiled some of the more troubling data by putting the entire debt market into perspective here [and it clearly shows that] we flat out have an addiction to borrowing. [Read on!] Words: 600

Read More »

Sinclair: Gold Will Win Out and Rocket Up in Price by 2015

Lorimer Wilson with Gold Bar

Jim Sinclair had an interview with King World News today which a number of friends of Lorimer Wilson, editor of www.munKNEE.com (Your Key to Making Money!) and www.FinancialArticleSummariesToday.com (A site for sore eyes and inquisitive minds) discussed at length with one of them, Arnold Bock, putting together this synopsis of what Sinclair was conveying.

Read More »

Americans Greasing the Tracks for a Financial Crash! Here's Why

For the bulls yesterday's news of a much higher-than-anticipated jump in consumer borrowing is yet more proof that the recovery is on track. [For the bears it is outright confirmation that America's spending is setting it up for a major financial crash! Let me explain.] Words: 527

Read More »

U.S. Fiscal Situation MUCH Worse Than Government Lets On!

I believe our fiscal situation is much worse than most people realize. True, the situation might be resolvable with a hard-nosed turnaround specialist in charge [Romney?] but, even here, the emphasis is on “might”! In a political context, where citizens have been conditioned to believe they are entitled to live at the expense of government (i.e other citizens because, after all, government has nothing that it first does not take from someone else), the situation is beyond hopeless. Let me address the true economic situation of the U.S. by way of an email I received from a regular reader recently. Words: 615

Read More »

U.S. Can NOT Avoid Coming Economic Collapse – No Matter What! Here’s Why (+2K Views)

The U.S. government is spending more than a trillion dollars more than it takes in every year...[which] all gets into the pockets of ordinary Americans [who,] in turn,...use that money to pay the mortgage, buy food, shop at the mall, etc. - creating a "false prosperity" bubble that is not real. It may feel real to you right now, but it is unsustainable...We are living in the greatest debt bubble the world has ever seen and, as such, a devastating economic collapse is on the horizon no matter what we do [so] don't let this false prosperity and this "calm before the storm" fool you...There is going to be a massive amount of pain so you might want to get yourself and your family prepared for that. [Let me explain.] Words: 1211

Read More »

These Major U.S. Companies On Verge Of Collapse )+4K Views)

Lots of iconic brands have filed for bankruptcy recently. Some blamed weak consumer demand, others pointed to rising commodity costs and pension demands. In any case, you can count on many more companies to follow suit. Here is a list of the 17 largest companies with the greatest probability of financial distress. Words: 571

Read More »

Debt-to-GDP Ratio of 10 Largest Economies

Canada has the lowest total debt-to-GDP ratio of the world's 10 largest economies (Australia is 2nd best, Germany 3rd and the U.S 4th) while the U.K. and Japan are 9th and 10th but when such debt is broken down by sectors the findings are quite different. Let's take a look. Words: 800

Read More »

Economic System a Legal Ponzi Scheme on the Verge of Collapse!

Countries around the world, particularly in the West, are hopelessly in the red, with debt rising every day. Even worse, politicians seem paralyzed, unable -- or unwilling -- to do anything about it. It is a global disaster that threatens the immediate future... [Let me explain.] Words: 1132

Read More »