Showing posts with label debt ceiling. Show all posts
Showing posts with label debt ceiling. Show all posts
Sunday, May 19, 2013

American Debt and Its Consequences

The US dollar being the world’s reserve currency where other central banks have taken comfort for decades, now is fundamentally broke. The world’s reserve currency is now broke because of the accumulated American debt that can no longer be controlled.

These days the politicians elected into government and tasked with responsible policy making, don't have the political will do right thing. They refuse to turn things around, to stop the slow train wreck that's approaching. Some believe this slow train wreck will arrive sometime around 2015. This train has been built upon the tracks of circumstance, with decisions that were created re-actively, thus now it's running out of control…


 
Sunday, May 6, 2012

American Debt - Crisis Point!

America’s Debt
It’s all over the news these days the American Debt Crisis. Will the Democrats, Republicans & Obama ever agree to raise the debt ceiling in time before the US goes into default on paying its own debt? What will happen?

Currently many Americans now have to actually use their credit cards just to buy food for their families and fuel for their cars. Their incomes are not enough anymore to cover these most basic monthly expenses due to ever growing costs through inflation. America’s Debt to GDP ratio is now over 100% with an official $15.3 trillion overall national debt. However in truth you’re not really seeing the bigger picture. ...


 

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