U.S. Debt Downgrade Points to More Currency Debasement
By Mike Gleason As debt downgrade concerns push up bond yields, metals markets are facing selling pressure. Credit ratings agency Fitch this week issued a…
Debt
US Credit Rating Downgraded, Again
By Peter C. Earle US Treasury debt, the global benchmark for nominally “risk-free” securities, was downgraded for the second time in history late Tuesday. Fitch…
Visualizing Gold Price And US Debt (1970-2023)
By Tyler Durden Gold has long been considered a store of value and a hedge against economic uncertainty. Over the past five decades, its price…
Living in the Red: Average American Has Over $54,000 Worth of Debt
By Chris Melore What would you do to be completely debt-free? A new survey finds Americans would give up social media for a year (32%),…
America Has Less Than a Decade to Turn Itself Around
By Simon Black, Sovereign Man Well, that didn’t take long. From the time the US government managed to sign the debt ceiling resolution, it took…
Default by Inflation Is the Real Drama in the Global Debt Market
By Brendan Brown The real drama of default in global markets has not been the federal debt ceiling negotiations in Washington but the write-off by…
Debt Ceiling Deal Puts No Limits on Ukraine Aid
By Dave DeCamp The debt ceiling agreement reached between the White House and House Republicans places no constraints on spending on the war in Ukraine,…
Debt Ceiling Deal Keeps Dollar Locked in Devaluation Spiral
By Clint Siegner Fiscal hawks weren’t optimistic when Kevin McCarthy was elected Speaker of the U.S. House. The California Republican’s track record was dismal when…
Three Lies They’re Telling You about the Debt Ceiling
By Ryan McMaken Negotiations over increasing the federal debt ceiling continue in Washington. As has occurred several times over the past twenty years, Republicans and…
There Are No Debt-Based Solutions to the Debt Problem
By Stefan Gleason President Joe Biden will meet with House Speaker Kevin McCarthy on Monday to hold high-stakes talks on the still-unresolved debt ceiling standoff….
Business As Usual: Shutdown or Not, the Police State Will Continue to Flourish
By John W. Whitehead and Nisha Whitehead “There is no more dangerous menace to civilization than a government of incompetent, corrupt, or vile men.” —…
Everything in Installments? Shifting Consumer Credit Norms
By Laura Williams If you buy anything at all online these days, you might have noticed the sudden influx of “flexible financing” options. Everything from…
Treasury Secretary Panics: “Economic Chaos Will Ensue”
By Stefan Gleason On Sunday, U.S. Treasury Secretary Janet Yellen warned that “financial and economic chaos will ensue” if the U.S. government’s borrowing limit isn’t…
California Defaults On $18.6 Billion In Debt, Saddling Employers With The Expense
By Tyler Durden California’s recent decision not to pay back some $20 billion borrowed from the federal government to cover unemployment benefits during the pandemic…