Tag Archives : national debt


5 U.S. Banks Each Have More Than 40 Trillion Dollars In Exposure To Derivatives

Source: http://theeconomiccollapseblog.com By Michael Snyder   5 U.S. Banks Each Have More Than 40 Trillion Dollars In Exposure To Derivatives   When is the U.S. banking system going to crash?  I can sum it up in three words.  Watch the derivatives.  It used to be only four, but now there are five “too big to […]

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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 […]


Why We’re No Longer Number One

  Source: http://ronpaulinstitute.org By Ron Paul Why We’re No Longer Number One   Last week World Bank economists predicted that China would soon displace the United States as the world’s largest economy. The fact that this one-time economic basket case is now positioned to surpass the US is one more sign of the damage done […]

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Debt and Taxes

  Source: http://www.europac.net By Peter Schiff Debt and Taxes   The red flags contained in the national and global headlines that have come out thus far in 2014 should have spooked investors and economic forecasters. Instead the markets have barely noticed. It seems that the majority opinion on Wall Street and Washington is that we […]


China Starts To Make A Power Move Against The U.S. Dollar

  Source: http://theeconomiccollapseblog.com By Michael Snyder China Starts To Make A Power Move Against The U.S. Dollar   In order for our current level of debt-fueled prosperity to continue, the rest of the world must continue to use our dollars to trade with one another and must continue to buy our debt at ridiculously low […]

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Top Adviser To The Chinese Government Calls For A “Global Currency” To Replace The U.S. Dollar

  Source: http://endoftheamericandream.com By Michael Snyder   Top Adviser To The Chinese Government Calls For A “Global Currency” To Replace The U.S. Dollar   The former chief economist at the World Bank, Justin Yifu Lin, is advising the Chinese government that the time has come for a single global currency.  Lin, who is also a […]


28 Signs That The Middle Class Is Heading Toward Extinction

  Source: http://theeconomiccollapseblog.com By Michael Snyder 28 Signs That The Middle Class Is Heading Toward Extinction   The death of the middle class in America has become so painfully obvious that now even the New York Times is doing stories about it.  Millions of middle class jobs have disappeared, incomes are steadily decreasing, the rate […]

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The Berlin Wall “death strip.”

While economic freedom declines in the US, it rises across the globe 1

  Source: http://www.againstcronycapitalism.org By Nick Sorrentino While economic freedom declines in the US, it rises across the globe     The wealth of nations has increased by astronomical amounts over the last 2 decades. Literally billions of people have been brought out of poverty thanks to economic freedom. It is as if once the Soviet […]


83 Numbers From 2013 That Are Almost Too Crazy To Believe

  Source: http://theeconomiccollapseblog.com By Michael Snyder 83 Numbers From 2013 That Are Almost Too Crazy To Believe   During 2013, America continued to steadily march down a self-destructive path toward oblivion.  As a society, our debt levels are completely and totally out of control.  Our financial system has been transformed into the largest casino on […]

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Why John Boehner And Paul Ryan Should Immediately Resign

  Source: http://endoftheamericandream.com By Michael Snyder Why John Boehner And Paul Ryan Should Immediately Resign   Thomas Jefferson once said that “the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale.”  In other words, he believed that government debt was the equivalent […]