Showing posts with label debt. Show all posts
Showing posts with label debt. Show all posts
Peter Schiff: Currencies Depend On Faith, Gold Doesn’t
Considering the intrinsic value of paper. In his July 17th Blog, Let’s Get Real About Gold, author and Wall Street Journal columnist Jason Zweig likened investor interest in gold with the “Pet Rock” craze of the 1970’s, when consumers became convinced that a rock in a box would provide continuous companionship, elevate their social standing, ... MOREJoshua Krause: Americans Embrace Debt As New Norm
7 in 10 believe that debt is necessary. America’s debt problem has been widely documented over past few years, and not just the public kind. The average American is swimming in trillions of dollars in medical fees, car payments, mortgage liabilities, as well as credit card statements and college tuitions. However, none of that is shocking ... MOREHow Bad Are Things For The People Of Greece?
by Lucy Rodgers & Nassos Stylianou. Big government debt is crushing the people. The people of Greece are facing further years of economic hardship following a Eurozone agreement over the terms of a third bailout. The deal included more tax rises and spending cuts, despite the Syriza government coming to power promising to end what it ... MOREVeronique de Rugy: States Must Confront Pension Costs
State-Based Accounting 101: ranking fiscal condition. One of the most boring classes I took in college was on accounting. Over the years, however, I've come to understand the importance of proper and transparent accounting. As the disastrous examples of Greece, Puerto Rico, Detroit, and Chicago demonstrate, dodging long-term ... MORE5 Things You Need To Know About The Shitshow In Greece
by Ed Krayewski. Greeks want big government but they want someone else to pay for it. Last week, the Greek government walked away from the negotiating table with its creditors and enablers—the European Commission, the European Central Bank, and the International Monetary Fund, called the "Troika." The group wanted Greece to commit ... MOREKeith Weiner: They’re Coming To Take Away Your Cash
Do banks serve you or politicians? The stories are all over the Internet. Governments are forcing us into a cashless society. Supposedly the pretext is terrorism, and the real reason is to take more control. No doubt more power appeals to politicians, and banning cash seems like the next step after mandatory reporting of cash transactions. ... MOREJohn Stossel's Advice On College: Don't Go
It's graduation time! Have we learned much? No. College has become a scam. Some students benefit: those with full scholarships and/or rich parents so they don't go deep into debt, those who love learning for its own sake and land jobs in academia and those who get jobs that require a college credential. But that's not most students. Politicians such ... MOREIt Is Mathematically Impossible To Pay Off All Of Our Debt
by Michael Snyder. The most inconvenient truth of all. Did you know that if you took every single penny away from everyone in the United States that it still would not be enough to pay off the national debt? Today, the debt of the federal government exceeds $145,000 per household, and it is getting worse with each passing year. Many ... MOREU.S. Economic Growth Nearly Grinding To A Halt
by Chico Harlan. The U.S. economy ground nearly to a halt in the first three months of the year, according to government data released Wednesday morning, as exports plunged and severe winter weather helped keep consumers indoors. The gross domestic product grew between January and March at an annualized rate of 0.2 percent, ... MOREAmerican Families Are Being Economically Destroyed
by Michael Snyder. The systematic destruction of the American way of life is happening all around us, and yet most people have no idea what is happening. Once upon a time in America, if you were responsible and hard working you could get a good paying job that could support a middle class lifestyle for an entire family even if you only had a high ... MORELook Out, Taxpayers: Student Loans Aren’t Being Repaid
More government folly comes home to roost. The more than $1 trillion in student loan debt is a looming problem for taxpayers because the borrowers aren't paying it back in great numbers or amounts. "Widespread failure to repay is a problem for the lender, in this case, federal taxpayers," economists at the Federal Reserve Bank of ... MORE
Jeanne Sahadi: The New Debt Ceiling: $18113000000000
The suspense -- or rather, the suspension -- is over. The U.S. debt ceiling has been reset at $18.113 trillion, the Treasury Department said Tuesday. That new limit on public debt is about $1 trillion above where it stood in February 2014, when lawmakers decided to "suspend" the ceiling through this past weekend. That cool trillion reflects how ... MORE
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