Tag Archives : debt


Apocalyptic Disaster

If Everything Is Just Fine, Why Are So Many Really Smart People Forecasting Economic Disaster?

By Michael Snyder Economic Collapse Blog   If Everything Is Just Fine, Why Are So Many Really Smart People Forecasting Economic Disaster?   The parallels between the false prosperity of 2007 and the false prosperity of 2014 are rather striking.  If we go back and look at the numbers in the fall of 2007, we […]


Gold Futures chart

American Financial Markets Have No Relationship To Reality

By Dr. Paul Craig Roberts and Dave Kranzler Paul Craig Roberts.org   American Financial Markets Have No Relationship To Reality   As we have demonstrated in previous articles, the bullion banks (primarily JP Morgan, HSBC, ScotiaMocatta, Barclays, UBS, and Deutsche Bank), most likely acting as agents for the Federal Reserve, have been systematically forcing down […]


It Will Take 6.25 BILLION “Man Years” To Pay Off Federal Government Liabilities: “A Mathematical Impossibility”

By Mac Slavo SHTFplan.com   We often hear government officials and mainstream financial pundits throwing around numbers like a billion or trillion. To most Americans these numbers are indiscernible. They are so incredibly enormous that we can’t even imagine what one billion dollars actually looks like, let alone what it takes to generate such capital. And a […]

man years

Governments Need Inflation, Economies Don’t

Source: http://www.europac.net By Peter Schiff   Governments Need Inflation, Economies Don’t   In an article in the UK’s Telegraph on October 10, veteran economic correspondent Ambrose Evans-Pritchard laid bare the essential truth of the nearly universal current embrace of inflation as an economic panacea. While politicians, CEOs and economists talk about demand stimulus and the […]

Peter Schiff

America is broke

The U.S. National Debt Has Grown By More Than A Trillion Dollars In The Last 12 Months

Source: http://theeconomiccollapseblog.com By Michael Snyder   The U.S. National Debt Has Grown By More Than A Trillion Dollars In The Last 12 Months   The idea that the Obama administration has the budget deficit under control is a complete and total lie.  According to the U.S. Treasury, the federal government has officially run a deficit […]