The United States’ national debt has exceeded $40 trillion, according to data released by the Treasury Department on Wednesday, August 19. The Americans who, with such outrageous audacity, demand to regulate the lives of everyone on the planet… owe it to everyone. On the subject of the US foreign debt, we have written many times …
Tag: USA
The Economic gap between the EU and the US is deepening
The nominal GDP of the United States is expected to reach $32.4 trillion in 2026, compared to just $23 trillion for the European Union, according to forecasts by the International Monetary Fund (IMF) (World Economic Outlook, Global Economy in Crosscurrents of War and Technology) . This means that the combined economies of the 27 EU …
Massive repurchase of long-term debt by America
The U.S. Treasury Department is expanding its long-term debt repurchase program, sending bond yields lower. The announcement comes at a time when markets are closely watching the management of the public debt and moves in government issuance. The increase in the scale of the repurchase signals a more aggressive approach to managing the government’s long-term …
The US is driving Japan into bankruptcy – The debt crisis in September
The US Treasury Department is joining forces with Japan to confront investors betting against the yen: but who really holds the stronger bargaining chips — Washington or Tokyo? At the same time, it seems that the dollar system under Trump has become toxic and threatens the US’s closest and most stable ally, having been driven …
US foreign exchange intervention plan to support Yen
The picture in Japan’s debt markets is beginning to resemble a slow but persistent phase shift into a system that for decades operated with artificial stability. From the savior of the monetary system, during the Nixon shock with the largest monetary deal in history, it is now expected to become the culprit of a leveraged …
Trump tariffs cost US households and businesses $100 billion a year
The new tariffs imposed by the administration of US President Donald Trump are expected to cost American consumers and businesses more than $100 billion annually, according to new economic estimates, as Washington escalates its protectionist trade policy again. The new tariff policy is being implemented at a time when international markets are already being tested …
The Global financial system is fragmenting into regional and national systems, hitting Visa and MasterCard
Last month, Jamison Greer, a top U.S. trade official, complained that Pix, Brazil’s instant payments system, was putting American companies like Visa and Mastercard at a disadvantage. The United States has proposed a 25 percent tariff on Brazil in response. But Brazilians appear unfazed. “Pix is a Brazilian achievement and we are not going to …
How will the “weaponization” of oil used by Iran stop affecting the global economy?
The global economy is now walking a tightrope, poised to sink into a nightmarish stagflationary universe. The “weapon” of oil, which historically has brought down empires, is being put to use again after the outbreak of war in the Strait of Hormuz. There has been no substantive agreement to reopen the Strait of Hormuz, as …
China is gradually abandoning American debt, fearing a collapse of the US economy
For the first time since the end of World War II, the dollar is no longer seen as the sole and undisputed foundation of the international economy. It is not yet a collapse. But it is a gradual erosion of confidence that is spreading from the world’s largest economies to the central banks of emerging …
Inflationary pressures & Εconomic turmoil from the Persian Gulf are fueling a global power realignment towards China-Russia
Approximately, 20 million barrels of oil and condensate pass through the Strait of Hormuz every day, an amount that corresponds to almost 20% of global consumption. At the same time, approximately 25%-30% of the world’s liquefied natural gas (LNG) trade is transported through the same sea route, making the region the most important energy hub …