A $6.3 trillion debt time bomb can blow America’s economy to pieces. Corporate America has accumulated more debt than it can pay. Corporate debt equals 45% of America’s gross domestic product (GDP), The Week’s Jeff Spross noted. Moreover, the GDP ...
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Debt Leads To War? Can The World Pay $247 Trillion To Avoid It?
The global debt is reportedly 318% larger than the value of all the world’s economies. The Institute of International Finance (IIF) estimates that the human race owes $247 trillion. One major issue concerning this fact is that very often debt ...
Read More »Will China’s “Master Plan” Lead To World War Three?
The leaders of the People’s Republic of China have a master plan for global domination that might lead to World War III. China’s master plan consists of two parts. First of all, a “web of international institutions” designed to make ...
Read More »Visa Crash Forces Customers To Go Off-The-Grid For Purchases
A recent Visa crash forces millions of customers to pay for essentials like food and fuel off the financial grid. The Visa payment system in Europe and the United Kingdom crashed without explanation on Friday, June 1, 2018. Customers were ...
Read More »Real Estate Bubble Kills American Dream Of Home Ownership For Many
Due to the emergence of an ominous real estate bubble, the typical American family no longer makes enough money to pay for the average home. Property prices are so high that the typical household lacks the income to buy most ...
Read More »“Backing Up” Your Off-The-Grid Finances
Our Financial System is Wobbling One of the most critical systems that almost all of us rely upon is among the most complex and unreliable – the financial system. News reports indicate that the financial networks are far more prone to ...
Read More »Will Volkswagen’s 82 Billion Dollar Bet On Electric Cars Crush Tesla?
It is Volkswagen (OTC: VLKAY) and not Tesla Motors (NASDAQ: TSLA) that holds the electric-vehicle future. If just one-third of VW’s electric ambitions bear fruit, Tesla is doomed. The German-auto giant plans to spend $82.5 billion on electrification; an unidentified ...
Read More »Ongoing Drought Affecting World Food Prices
The prices for cereals, which contain the world’s most important food crops, rose by 12.1% over the past year. The cost of cereals, which include grains, corn, rice, and soybeans, has been increasing because of dryness in the United States, ...
Read More »Bitcoins, Beer and the Student Loan Disaster
A large percentage of the $1.48 trillion student loan debt accumulated by Americans was never spent on tuition at all. Instead, much of that money went towards everything from beer, Bitcoin, spring break shenanigans and exotic reptiles. More than one ...
Read More »Enormous National Debt Will Double Again In 10 Years Or Less
America’s national debt will increase to almost twice its current sizethanks to legislation Congress passed over the last year. Also,the federal deficitwill expand to over $1 trillion for the first time in 2022 because of the same laws. The national ...
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