Keynesian Credit Creation Meets Its Armageddon
• LewRockwell.com - Alasdair MacleodOr how runaway government debt threatens to collapse the entire credit system
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Or how runaway government debt threatens to collapse the entire credit system
The ink was barely dry on the Treaty of Paris in the year 1763 when the financial panic set in. Government ministers across Europe began taking stock of their disastrous finances… and the picture was gruesome.
It's interesting to see how so many mainstream voices are starting to express concern about the gargantuan size of the US national debt.
The current US government has become "a form of fraud that … pays profits to earlier investors with funds from more recent investors" – in other words, a Ponzi scheme.
Ask an Economist #24
Philip Patrick joins the Liberty Report to talk about the grim future of America's economy.
In late December, I published a final report on the themes of 2023 while looking ahead at their implications for the year to come.
Americans are certainly feeling the pain of rapacious government spending, enabled by Federal Reserve counterfeiting. It's one thing when purchasing luxury items is out of reach. It's understandable. That's why they're called "luxury" items. But when
Contrary to conventional wisdom, higher interest rates mean more inflation in the environment today.
To stop out-of-control spending, it will take more than replacing politicians and bureaucrats.
The system of "checks and balances" in scientific research is completely off-kilter.
Ottawa spent $11.3 billion in interest payments during 2023's third quarter, compared to $8.3 billion the same quarter in 2022
Federal flood insurance is a disaster!
We have a $1.6 trillion budget deal. What's Inside?
Call it "The Case of the Disappearing Defense Secretary." Just as a major war is about to break out in the Middle East - which will most certainly involve the United States - President Biden's Secretary of Defense Lloyd Austin...disappeared! And no o
House Speaker Mike Johnson told colleagues on Sunday that Congressional negotiators have reached a topline spending figure to avert a federal government shutdown on Jan. 19 for some government agencies, and Feb. 2 for others.
Budget problems haven't changed for a year: the debt ceiling, Ukraine, and the Border. Israel is logically a distinct issue but is lumped with Ukraine. A partial government shutdown looms on January 19.
America was never meant to be an empire. It was meant to remain the "land of the free." Empires are the antithesis of freedom, and they always end up going broke. Alas, after 100 years of foreign misadventures, we Americans find ourselves saddled wit
What if you lost a whole lot of money? Can you imagine the horror and desperation you'd feel? Well, the US government has lost $21 trillion, and they don't seem to care. But the rest of us have to care about our own budgets.
And since there is no longer a way out, we may as well joke about it so consider this: in the third quarter when US GDP supposedly grew at a 4.9% annualized rate - hardly the stuff of recessions - rising $547 billion in nominal (not real) dollars, th
We did it Joe! It took a tremendous push down the stretch, but the U.S. national debt was able to hit the 34 trillion dollar mark before the end of 2023.
Nations Juggle Financial Ruin as US Debt Skyrockets, Threatening Economic Collapse!
The US Secretary of State approved the emergency sale of 155 mm artillery shells as Israel wages the most devastating war on civilians this century
The International Debt Report (IDR), formerly International Debt Statistics (IDS), is a longstanding annual publication of the World Bank featuring external debt statistics and analysis for the 122 low- and middle-income countries that report to the
Ethiopia on Tuesday failed to make a $33 million "coupon" payment to its only international bondholders, becoming the third African country to default.
Americans are largely maxed out when it comes to the amount of debt they have accumulated.
Stephanie Pomboy Tells Tucker Carlson Our Debt-Based Economy Is About to Come Crashing Down
The US Department of Defense has failed its sixth annual audit in a row, but taxpayer money will keep going down that drain..
Global government debt is projected to hit $97.1 trillion this year, a 40% increase since 2019.
More than 50,000 businesses that received CEBA loans were later deemed ineligible