debt


Why Do Americans Have Such High Incomes and So Little Savings?

By Ryan McMaken Mises Institute August 29, 2016   Why Do Americans Have Such High Incomes and So Little Savings?   Americans have more disposable income than nearly every other country on earth. The few exceptions include a handful of northern Western European states and some small city states like Monaco. Even when accounting for government […]

Why Do Americans Have Such High Incomes and So Little Savings?

The US National Debt Load is Second-Worst in the World

By Ryan McMaken Mises.org August 25, 2016   The US National Debt Load is Second-Worst in the World   The US Office of Management and Budget last month released its latest numbers of US federal debt as a percentage of gross domestic product. According to the OMB, the federal debt is now at 100 percent, which […]

The US National Debt Load is Second-Worst in the World

The Real Existential Threats of 2016

By Patrick J. Buchanan LewRockwell.com August 18, 2016   The Real Existential Threats of 2016     On Sept. 30, the end of the fiscal year 2016, the national debt is projected to reach $19.3 trillion. With spending on the four biggest budget items – Medicare, Medicaid, Social Security, defense – rising, and GDP growing […]

National bankruptcy, then, is among the existential threats to the republic, the prospect that we will find ourselves in the not-too-distant future in the same boat with Greece, Puerto Rico, and Illinois.

Dr. Paul Craig Roberts

How Long Can Economic Reality Be Ignored?

By Dr. Paul Craig Roberts Paul Craig Roberts.org August 10, 2016   How Long Can Economic Reality Be Ignored?   Trump and Hitlery have come out with the obligatory “economic plans.” Neither them nor their advisors, have any idea about what really needs to be done, but this is of no concern to the media. […]


Social Security’s looming $32 trillion shortfall (That’s right 32 TRILLION)

By Against Crony Capitalism August 8, 2016   Social Security’s looming $32 trillion shortfall (That’s right 32 TRILLION)     But hey, who cares? I mean I’ll be dead by the time Social Security implodes. I paid into it. I want my money. That most people take out far more in Social Security than they […]

Social Security - A looming $32 trillion shortfall (That’s right 32 TRILLION)

The U.S. Has Lost 195,000 Good Paying Energy Industry Jobs

The U.S. Has Lost 195,000 Good Paying Energy Industry Jobs

By Michael Snyder Economic Collapse Blog August 5, 2016   The U.S. Has Lost 195,000 Good Paying Energy Industry Jobs     Not all jobs are created equal.  There is a world of difference between a $100,000 a year energy industry job and a $10 an hour job running a cash register at Wal-Mart.  You […]


Helicopter Money: The Biggest Fed Power Grab Yet

By David Stockman Mises.org July 17, 2016   The Cleveland Fed’s Loretta Mester is a clueless apparatchik and Fed lifer, who joined the system in 1985 fresh out of Barnard and Princeton and has imbibed in its Keynesian groupthink and institutional arrogance ever since. So it’s not surprising that she was out flogging — albeit down under in Australia — the next step […]

Helicopter Money: The Biggest Fed Power Grab Yet

The End Game Of Bubble Finance: Political Revolt

By David Stockman Mises.org July 1, 2016   The End Game Of Bubble Finance: Political Revolt   During Friday’s bloodbath I heard a CNBC anchor lady assuring her (scant) remaining audience that Brexit wasn’t a big sweat. That’s because it is purportedly a political crisis, not a financial one. Presumably in the rarified canyons of Wall Street, politics doesn’t matter […]

The End Game Of Bubble Finance: Political Revolt

Iceland Proves You Don’t Need a Politician or Businessman as President

Iceland Proves You Don’t Need a Politician or Businessman as President

By Alex Pietrowski Waking Times June 28, 2016     With admiration, many have been observing Iceland’s handling of the banking crisis that jolted the entire world in recent years. Now experiencing a unique economic recovery, the Icelandic public became aware in 2008 that the nation’s private banks had borrowed some $120 billion dollars, ten times the size of […]