Archive for the ‘Debt’ Category
Sovereign Debt: The Next Crisis – Marc Faber
Posted Jan 13, 2010 01:00pm EST After every financial crisis there’s a sovereign debt crisis, Marc Faber says. Countries that borrowed too much during the boom times start struggling to pay their competitors back, and eventually some of them default. The countries most likely to blow up this time around are the “PIIGS”: Portugal, Ireland, Italy, Greece, and Spain. One ore more of them, Faber says, will likely default in the next couple of years. And, that could result in the death of the Euro currency. Longer-term, Faber says, Japan and the US are in line for the same fate. The US crisis won’t hit us this year or next year. But within 5-10 years, the United States will be forced to quietly default on its debt, most likely by printing money and destroying the value of the currency. The main problem comes down to two things: 1) ballooning debts and 2) future interest costs. As these charts from Faber’s Gloom, Boom, And Doom Report show, in the past decade, the US government’s total debt and liabilities have gone through the roof, especially when Fannie, Freddie, Medicare, and Social Security are taken into account. This trend is unsustainable, and it will correct itself only through a rapid acceleration of economic growth and tax revenues, a new-found financial discipline, or a crisis–or a combination of all three. The second problem is interest costs. Right now, the government’s debt and deficits aren’t creating an undue burden because the government can borrow so cheaply …
Bernanke, debt limit, budget deficit, dollar
also check me out on www.facebook.com and twitter.com
Debt Resources
US Government Stages Fake Coup To Wipe Out National Debt
Congress says that with no way to actually pay back our debts, faking a coup to eliminate financial obligations is the best plan for the US economy.
Debt Resources
20 Year Olds Dealing With Debt
Many young professionals in their twenties are dealing with debt from credit cards and unpaid student loans. Managing personal finances can be difficult when you must handle expenses like insurance, business clothes, transportation, car payments, and more while still trying to have savings to meet your long-term goals such as buying a house or planning for retirement. For more personal finance tips, please visit www.usnews.com
Debt Resources
Money As Debt (5 of 5)
Quick and easy way to purchase silver: silversnowball.com Paul Grignon’s 47-minute animated presentation of “Money as Debt” tells in very simple and effective graphic terms what money is and how it is being created. It is an entertaining way to get the message out. The Cowichan Citizens Coalition and its “Duncan Initiative” received high praise from those who previewed it. I recommend it as a painless but hard-hitting educational tool and encourage the widest distribution and use by all groups concerned with the present unsustainable monetary system in Canada and the United States.
Debt Resources
Money As Debt (4 of 5)
Quick and easy way to purchase silver: silversnowball.com Paul Grignon’s 47-minute animated presentation of “Money as Debt” tells in very simple and effective graphic terms what money is and how it is being created. It is an entertaining way to get the message out. The Cowichan Citizens Coalition and its “Duncan Initiative” received high praise from those who previewed it. I recommend it as a painless but hard-hitting educational tool and encourage the widest distribution and use by all groups concerned with the present unsustainable monetary system in Canada and the United States.
Debt Resources
Spending, sovereign debt, “debates”
also check me out on www.facebook.com and twitter.com
Debt Resources
National Debt. To whom do we owe it? (2/5) Ron Paul 2008
Very powerful. From 2003. Rod Parsley. btw. I’m atheist.
Debt Resources
10. Debt Markets: Term Structure
Financial Markets (ECON 252) The markets for debt, both public and private far exceed the entire stock market in value and importance. The US Treasury issues debt of various maturities through auctions, which are open only to authorized buyers. Corporations issue debt with investment banks as intermediaries. The interest rates are not set by the Treasury, the corporations or the investment bankers, but are determined by the market, reflecting economic forces about which there are a number of theories. The real and nominal rates and the coupons of a bond determine its price in the market. The term structure, which is the plot of yield-to-maturity against time-to-maturity indicates the value of time for points in the future. Forward rates are the future spot rates that can be calculated using today’s bond prices. Finally, indexed bonds, which are indexed to inflation, offer the safest asset of all and their price reveals a fundamental economic indicator, the real interest rate. Complete course materials are available at the Open Yale Courses website: open.yale.edu This course was recorded in Spring 2008.
Debt Resources
$78.8 Trillion; United States Debt Obligations exceed world GDP; Monetary Collapse Looming?
How in the world are we going to pay off all of this debt? Raising taxes to do it would burden our economy, and then the situation would only get worse. To me the solution is obvious, cut spending. For too long in this country we’ve had the give-me-stuff people standing there with their hand out, and the government putting something in it. Does the idea of small government ring a bell? It is what our founding Fathers had in mind when they gave us our constitution. That is why there is a list in the constitution that quite clearly spells out the powers of the federal government, and also what it is not allowed to do. So basically if it was not listed as a power, then they are to stay away from it, and allow the States to handle it. Just take a look at federal laws. At the very beginning they will state their authority in enacting the law, and it is almost always the commerce clause. I’m sure they even think that just because your computer is hooked up to the internet, and therefore has contact with other computers in other States, that they then would have the constitutional right of regulating your computer, and thereby your internet communications; they are out of control. jbranstetter04 Federal obligations exceed world GDP Does .5 trillion terrify anyone yet? As the Obama administration pushes through Congress its 0 billion deficit-spending economic stimulus plan, the American public is largely unaware that the true deficit of the federal government already is …