On Paying Back Loans, Diminishing Incomes and The Inevitability Of Economic Collapse Under The Current System

In order  not to have to start just yet on what can only be called the mother of all dishes after feeding about 25-30 people throughout the Sunday on what was a beautiful day with beautiful people celebrating our good fortune in life, I thought I’d put down a couple of thoughts about why we […]

Geithner’s Legacy: The “0.2%” Hold $7.8 Trillion, Or 69% Of All Assets; And $212 Trillion Of Derivative Liabilities

If you want to know what that means consider this: You and I don’t hold any Derivatives. the 0.2% does. We only know of $ 212 Trillion according to this article but calculations about the “shadow banking world” Derivatives(the off the books money supplies which I might add would get our asses in jail if […]

UK finances, Bankers out of control and John Key wants to do the same here.

I’ve been meaning to show you a graph for the longest time but somehow I kept postponing it but today I finally found the time to get it to you. This graph is very interesting and here is why. The graph shows the debt distribution of 10 countries in December 2011. I shows the debt […]

Osborne reveals Britain’s debts have soared by £111bn

More looting of the British tax payer ahead! George Osborne has warned Britain could be heading for a double-dip recession as he admitted that the Government will be forced to borrow more than was planned by the last Labour Government. The Chancellor confirmed that because of a ‘debt storm’ raging across Europe, the country will […]

15 Trillion Dollars In Debt, 45 Million Americans On Food Stamps And Zero Solutions On The Horizon

How does a country end up 15 trillion dollars in debt?  30 years ago, we were just a little over a trillion dollars in debt.  How in the world do supposedly rational people living in “the greatest nation on earth” allow themselves to commit national financial suicide by allowing government debt to explode like that?  […]

Third World: Is another Debt Crisis in the Offing?

While taking a significant toll on public revenues[1], repayment of public debt has, since 2004, ceased to be a major concern for most middle-revenue countries and for raw material exporting countries in general. In fact the majority of governments of these countries are having no trouble finding loans at historically low interest rates. However, the […]