AAA Rating Tough to Defend as U.S. Debt Soars
Kevin Hassett Bloomberg Opinion Last week, Standard & Poor’s lowered Japan’s bond rating to AA-, the fourth-highest level. By that standard, the U.S. got away…
Debt
Credit card rates at record highs near 15%
Source: CreditCards.com Blake Ellis CNN Money NEW YORK — Interest rates are now hovering near record highs, at an average rate of 14.72%. And if…
Coming Round the Mountain When She Comes
Dr. Mark Sircus IMVA Michael T. Klare warns us to, “Get ready for a rocky year. From now on, rising prices, powerful storms, severe droughts…
State of Denial
Greg Hunter USA Watchdog Barack Obama addressed the country for the third State of the Union address of his Presidency this week. In broad terms,…
Bankruptcy, not bailouts, a better path
Thomas Sowell Detroit News Government budget crises can be painful, but the political rhetoric accompanying these crises can also be fascinating and revealing. Perhaps the…
Ron Paul: Perpetual War is Expensive! (VIDEO)
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Saving a Doomed Dollar: Plans B, C, D, and E
Mac Slavo SHTFPlan Reuters’ Emily Flitter asks in a recent column What is Plan B if China dumps its U.S. debt? It is worth asking…
World needs $100 trillion more credit, says World Economic Forum
The world’s expected economic growth will have to be supported by an extra $100 trillion (£63 trillion) in credit over the next decade, according to…
Debt Bondage From The Economic Treason of Banks
Bob Chapman International Forecaster Between now and the end of the year, most likely in the fall, we’ll see major financial and economic problems in…
Why the World Is Financially Doomed in Four Charts
The global economy is doomed to implosion, and here are four charts which explain why. Charles Hugh Smith Of Two Minds Though the complexities may…
British budget may need EU approval to help shore up the Euro
Anger in City as no Britons given EU financial regulation posts EU President Van Rompuy Daniel Martin Daily Mail Britain could be ordered to submit…
S&P, Moody’s Warn On U.S. Credit Rating
Mark Gongloff, Mark Brown, Nathan Boschat Wall Street Journal With attention focused on sovereign-debt worries in Europe, two major credit-rating firms reminded investors again that…
10 Things That Would Be Different If The Federal Reserve Had Never Been Created
The Economic Collapse Blog The vast majority of Americans, including many of those who believe that they are “educated” about the Federal Reserve, do not…
The Student Loan Debt Bubble
Curse of the First ‘Austerity Generation’ Alan Nasser Lew Rockwell It was announced last summer that total student loan debt, at $830 billion, now exceeds…