Thursday , 28 March 2024

Tag Archives: debt as a % of GDP

These 23 Countries (+ Greece) Are Also Facing a Full-blown Debt Crisis

An unprecedented global debt bomb threatens to explode at any moment. 24 nations are currently facing a full-blown debt crisis, and there are 14 more that are rapidly heading toward one. The only “solution” under our current system is to kick the can down the road for as long as we can until this colossal debt pyramid finally collapses in upon itself and when it does it will be unlike anything that we have ever seen before.

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Why All the Hullabaloo About U.S. Debt?

Is the debt issue phony? It sure sounds like a lot, doesn't it? $17 trillion in federal government debt. Wow. It's a big, scary number, no doubt about it, ...and it's a lot bigger than in years past, but is it really that bad? Could it be that our debt profile has been grossly exaggerated? I think so. Let me explain why I think that is the case.

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‘America Is Bankrupt’ Claim is Total Nonsense! Here’s Why (+2k Views)

We are being bombarded daily with breathy articles about a United States groaning under deficits that surely signal bankruptcy, Social Security checks that eventually won't clear, and of course a looming financial crisis...Much of this commentary is well written - it certainly is popular - but it is total nonsense. [Let me explain.] Words: 960

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