Search Results for: debt

Ron Paul: “It’s going to get much, much worse”

Ron Paul

Dr. Ron Paul has long been a leading voice for limited constitutional government, low taxes, free markets, sound money, civil liberty, and non-interventionist foreign policies. His last term in the U.S. House of Representatives ended earlier this year, so we caught up with the former Congressman to get his latest …

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Dear Jamie Dimon…

Jamie Dimon

Dear Jamie Dimon, We hope this letter finds you well, we are here to offer a helping hand. We see the recently reported $2billion loss at JP Morgan as just the tip of the iceberg of much bigger problems with the company. Word on the street is that the true …

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Gold’s bull market…it’s only just begun

gold

Gold jumped up on the eve of the U.S. election. It seemed to be looking beyond… and indeed it was. Gold continued rising as the attention then turned to the fiscal cliff and escalating tensions in the Middle East. The markets have been focusing on the next major problem. The …

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Over a million protesters demand Catalonian independence from Spain

A million and a half people took to the streets of Barcelona, according to police estimates, to demand independence for the autonomous Spanish region of Catalonia as the country as a whole faces crippling debt. At least one train and more than 1,000 coaches were chartered to bring supporters from …

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Greece’s banking industry secretly gets €100 billion

bank of greece

Greece’s struggling banking industry has been secretly injected with around €100 billion in emergency liquidity from the country’s central bank which was approved by the European Central Bank in Frankfurt, according to the FT. This follow reports of a ‘run’ developing on Greek banks last week, which were emphatically denied …

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If Greece exits, here is what happens

Now that the Greek exit is back to being topic #1 of discussion, just as it was back in the fall of 2011, and the media has been flooded by groundless speculation posited by journalists who have never used excel in their lives and are merely paid mouthpieces of bigger bank interests …

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China can now monetize US debt directly

The Treasury, apparently dissatisfied with the speed of indirect bank and/or Fed-inspired monetization of its exponentially rising debt-load at ever-cheaper costs of funds, decided in June 2011 to allow the Chinese, with their equally large bucket of USDs to bid directly for US Treasuries. As Reuters reports, China can now bypass Wall …

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How debt settlement programs can reduce your debt for good

Erase debt

Debt can be a scary thing, no matter who you are or what your financial situation looks like. Even people with good jobs and stable home lives can find themselves in precarious situations due to mounting debt or reckless spending. Don’t procrastinate It’s easy to ignore a small mountain of debt …

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America’s debt vizualized

We kicked butt in the Olympics and landed on Mars. It’s been a pretty good month of the United States but with the elections coming up around the corner our economy has become a major battle between Romney and Obama. The fact is our great country owes a lot of …

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Goldman Sachs may face trial for role in Greek debt crisis

Goldman Sachs bank

Goldman Sachs faces the prospect of potential legal action from Greece over the complex financial deals in 2001 that many blame for its subsequent debt crisis. A leading adviser to debt-riven countries has offered to help Athens recover some of the vast profits made by the investment bank. The Independent has …

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A ‘tsunami’ is about to hit the debt market

Tsunami city debt market bonds

A tidal wave may be coming to the bond market, and it’s not going to be pretty. At least that’s the view of Matthew Mish, credit strategist at UBS. To Mish, the elevated rates of default in the commodity sector and high risk bonds are a harbinger of things to come for …

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US debt dumped as central banks and billionaires buy gold

Gold central banks billionaire debt

From Filip Karinja, for Birch Gold Group Central banks have been dumping U.S. debt at an unprecedented rate. Last year, foreign central banks sold an astonishing $225 billion in U.S. treasury bonds. And now, just a few months into 2016, the rate of selling has increased, with central banks having already sold $123 …

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Washington just dipped into retirement savings to fund itself

Jack Lew Treasury Secretary

From Filip Karinja You know things are getting bad when your government begins to stick its hand into retirement accounts just so that it can remain solvent for a few more months. With the debt limit about to come back into full swing at a staggering $18.1 trillion this week, Treasury Secretary Jack …

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On this day in 2016

For a presidential election taking place when the US debt/GDP has for the first time in 70 years crossed above 100%, in which over 50 million Americans collect food stamps and disability, in which M2 just crossed $10 trillion, in which total US debt is about to pass $16 trillion, …

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Saudi Arabia is losing money fast, dumping of US debt expected

Saudi Arabia King Salman Obama

From Filip Karinja, for Birch Gold Group With the price of oil plunging and increased military spending in Yemen, Saudi Arabia is dipping into its reserves to make ends meet. In December alone, the kingdom blew $19.4 billion of its now remaining $608.4 billion. With the nation burning through almost $100 billion in reserves in …

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Unsustainable

Pig drowning

When it comes to explaining the problems with our economy, one of the hardest things to do is to get people to understand that we are living in an economic fantasy world that is completely and totally unsustainable.  As a nation we consume far more than we produce, we spend …

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$16,015,769,788,215.80

$5.4 trillion added under Obama. The United States Treasury reports that the total public outstanding debt is: $16,015,769,788,215.80. This is the first time in American history debt has eclipsed the $16 trillion mark. The debt has increased approximately $5.4 trillion since President Obama took office on January 20, 2009. Here’s a chart, from the …

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What is so Bad About Debt?

Debt is one of the most loathed 4-letter words in the world. It is the one word that has real bite to it, unlike others which can be brushed off without too much concern. When dealing with debt, and learning to avoid debt in the future, it’s important to follow …

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Worldwide debt default is the only solution

Sovereign nations, state governments, Californian cities, small businesses, homeowners, middle-class families, recent graduates and all types of other individuals and entities around the world are facing the same growing problem… DEBT. While the European Union is in the spotlight at the moment, the debt crisis is arguably worse in the United …

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