Here is a great video that explains in detail what a debt crisis is, and what the United States has been doing with debt the last 20-30 years. Shocking, no doubt to realize the the so called “wealthiest” nation on earth borrowed all its money and now cannot pay it back.
Archive for the ‘Debt Management’ Category
United States Debt Crisis Explained – When Will It Collapse “Nobody Knows”
Monday, September 19th, 2011Stiglitz: “Considerable†Risk in Banks Today – So Little’s Changed Since 2008
Wednesday, August 10th, 2011Nothing much has been done to change the U.S banking system since the 2008 crisis. Basically, if anythig it is the same problematic system and getting worse. So, let’s see if the banking crisis 2.0 and recession will be upon us within the next short while.
Economy Still Facing Lackluster Growth – The Previous U.S Government Reports Are Lies
Saturday, July 30th, 2011
As this video shows, the previous U.S Government reports that the economy is growing and that a recovery was under way. What a crock of crap from the U.S Government.
In reality statistics has been revised downward, and earlier this year the U.S economy did not grow at all, and recently only grew 1.3%.
Watch the FOX Business News video:
http://finance.yahoo.com/video/economy-18773128/economy-still-facing-lackluster-growth-26110669;_ylt=Ag95C2guyDj_qrLea1e4X1vki7p_;_ylu=X3oDMTEzbW1qMnM5BHBvcwMxBHNlYwN2YXJfbW9kMgRzbGsDZWNvbm9teXN0aWxs
Apple Is Now Richer Than U.S. Government Treasury Department
Saturday, July 30th, 2011
This doesn’t say much about how the U.S government manages its citizens / tax payers money, basically the operative word for U.S politicians actions is “wreckless” and “negligent”.
The U.S Treasury Department that has an enormous spending commitments (social securities, employment benefits, debt interest payments etc.) reported that its government bank account had less than $74-billion, and could hit zero dollars by August. 2. 2011.
Financial Crisis 2.0 In The Future – Within Few Years
Wednesday, July 6th, 2011
Looking at the facts and figures today, it would seem that the U.S Government and Banks that cause the first great recession back in 2007-2008 have not really learned anything, nor are they doing the right things to prevent the next gigantic crash.
It almost seems that they want to orchestrate a depression. If anything they are making things worse by printing more money and increasing the size of the derivative bubble. Heed my warning, the next crash will be much much bigger and the affects will be all out “Depression” worse than the 1930’s.
Boomer Dreams vs Corporate Reality – Coming Real Estate Crash and Debt Problem In Canada
Sunday, June 26th, 2011This video has some really solid statistics about Canadian peoples debt, the 30% senior citizen’s retiring and the glut of homes that will be entering the market that is going to drive home prices down.
It talks about how corporations has filled peoples head with ideas of a lifestyle that most debt ridden Canadian cannot really afford. This is a must watch, it is a hard look at the reality of things and the coming hardships.
Difference Between How China and U.S.A Government Manage Taxpayer’s Money
Saturday, June 25th, 2011While the American government has been spending wrecklessly the taxpayer’s money for over 30 years, China has been spending it carefully to facilitate growth and amass a surplus. America’s spending is akin to a person addicted to credit card, that goes out and consume on stuff he doesn’t need until he racks up a huge debt that he/she can never pay off.
