Going over the debt ceiling would mean the US government legally can’t pay its bills and would default on the national debt. This would be catastrophic in ways that would make Lehman Bros look like a walk in the park.
Read More »The Debt Ceiling Concept: It’s Origins & Why It’s Now A Dumb Idea (+2K Views)
America was once the world’s model democracy. Now it’s a global laughingstock with a government that can’t keep the lights on and is threatening to renege on its debts. How did this happen?
Read More »4 Myths Regarding the Supposed U.S. Debt Ceiling Crisis (+4K Views)
The debate in Washington over when and how to increase the debt limit is less than 100% accurate. Here are some myths about the debt ceiling and the debate about raising it.
Read More »It’s A Fool’s Fantasy To Believe Chances of Financial Calamity Are Non-existent (+2K Views)
To believe that the chances of financial calamity are non-existent is a fool’s fantasy that’s just begging for people’s life savings to get wiped out.
Read More »Which of These 6 Actions Will U.S. Gov’t Take to Resolve Country’s Debt Problems?
The U.S. is in a financial debt spiral. What's the Administration to do? This article analyzes 6 alternative courses of action available, presents the consensus view of each, comes to a conclusion as to what will unfold and suggests what the implications are for one's investment portfolio. Let's take a look.
Read More »10 Ominous Warnings Of What Will Happen IF There Is An Extended U.S. Debt Default
If the debt ceiling deadline (approximately October 17th) passes without an agreement that would be extremely dangerous - and if the U.S. government is eventually forced to start delaying interest payments on U.S. debt (which could potentially happen as soon as November), that would be absolutely catastrophic.
Read More »Goldrunner: Here’s My Take On All That Debt Ceiling Crap (+2K Views)
All of the crap about the debt ceiling is really about plausible deniability, delivered as propaganda. Threaten deflation and austerity to make a big scene, and force the people to demand the debt ceiling be raised. This is all part of the “show deflation” at critical times when they want to print more aggressively with no blow back.
Read More »What You Need to Know About the U.S. Budget Deficit & National Debt (+4K Views)
Q: Don't laugh at me, but what is a deficit? A: It's actually not a dumb question. Here's why.
Read More »The Great American Debt Downgrade Debacle That Wasn’t!
It’s been exactly two years since Standard & Poor’s did the unthinkable and downgraded the U.S. government’s debt rating...and yet, it’s as if it never happened…
Read More »2.9M Views: A Satirical Look at U.S. Debt Ceiling Limit from a Personal Perspective (+2K Views)
The United States debt limit is explained in this 3:09 satirical video which takes a look at the national debt from a family perspective. Very amusing - very insightful - very troubling.
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