This news, combined with the unreal US debt that exceeds 33 trillion, is the most important indicator for geopolitical events and their projection in the immediate future. Note that every day that passes the beast called “US debt” grows by 100 million dollars(!) and most American economists agree that it is now impossible to service. …
Tag: public debt
USA: At 1 trillion interest on debt for the first time in history, explosive budget deficit
2024 was the year in which the huge US budget deficit was supposed to have gradually leveled off after two years of crisis. The US was supposed to end the spending spree. All this, on a theoretical level. As of August, the US deficit has exceeded that of 2023. What does the evidence say?
Kamala Harris’ $2.25 tril. “Money Tree”, and Economic Populism
The socialist recipe for economic failure: Price controls, higher taxes, government intervention and subsidies paid for by printing an ever-depreciating currency. These are the main pillars of “21st century socialism” and the radical leftist Peronism that destroyed Argentina. These are also the key elements of the economic plan presented by Kamala Harris and the Democratic …
Trump Presidency 2.0: The Dollar will be sacrificed to deal with the huge Public Debt
The US must abandon its “mammoth deficits” if it is to keep US debt levels manageable for decades to come. The over-indebted US economy can no longer bear, in the context of geopolitical realignments, to support the “excessive monetary privilege” of the dollar, and in order for the new presidency of Donald Trump not to …
Target 2 is a nightmare for France and other EU member countries
In France, President Emmanuel Macron accuses Lepen and the right or other far-right that if he comes to power – which is a given, based on the opinion polls so far it reaches 35% – that chaos will be caused in the French debt. They said the same about Italy but they say nothing about …
We are nearing the End of the Debt Supercycle
“The 2024 deficit will represent 7% of US gross domestic product while the 2034 deficit will be 6.9% of GDP,” the nonpartisan Congressional Budget Office (CBO) wrote in its latest report. This makes it easy: 7% over a decade roughly doubles the US debt. The CBO now projects this year’s deficit at $2 trillion, a …
Excessive Public Debt is killing the Middle Income class – the “lifeblood” of Consumption
Every promise by politicians to increase public spending – and especially those concerning social transfers – resonates positively with voters. These promises may win elections, but what voters themselves should be asking is: Who pays the bill? The common narrative in the US that the debt is unsustainable which has a life of 40 years …
The real picture of the US economy is bleak
The global financial system is gradually preparing for an earthquake of historic proportions which this time will not be caused by an internal crisis – like in 2008/2009 – but its cause is related to the significant shifts in the geopolitical power balances with the end of globalization under American hegemony. This is not something …
The next financial crisis in Europe will start from France and Italy
In recent years, a new type of crisis has been dynamically emerging in Europe: a crisis of the European social and political model with profound consequences for fiscal and financial stability. France’s problem The big problem starts with exceeding the budget deficits in France and Italy, over 7% and over 5% for 2024 respectively. These …
The “bubble” of the Global Public Debt of 313 trillion dollar will cause an Economic shock
The skyrocketing global debt has become the main problem for the global economy – even if this is being hidden for obvious reasons by the global political elite and the systemic media. Public deficits for anyone with even the slightest understanding of the workings of the economy can neither act as reserves for the private …