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A huge debt crisis is coming

A huge debt crisis is coming

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Around the world, debt is skyrocketing – and rising interest rates are making it unsustainable. In this first part, Ben Norton discusses the impending crisis in the United States, before explaining in part two how Wall Street traps the Global South in debt. US government bailout of Silicon Valley and banks is $300B gift to rich oligarchs:    • US government bailout of Silicon Vall…   4 US banks crash in 2 months: Banking crisis explained by economist Michael Hudson:    • 4 US banks crash in 2 months: Banking

US Federal Debt Interest Payments About To Hit $1 Trillion

US Federal Debt Interest Payments About To Hit $1 Trillion

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A response to the troll who told me that the $US is “fine” Endgame: US Federal Debt Interest Payments About To Hit $1 Trillion There was a shocking number in today’s latest monthly US Budget Deficit report. No, it wasn’t that US government outlays unexpectedly soared 15% to $646 billion in June, up almost $100 billion from a year ago… … while tax receipts slumped 9.2% from $461 billion to $418 billion, resulting in a TTM government receipt drop of over 7.3%, the…

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NZ to have the worst current account deficit out of every single advanced country in the world this year, 2023.

NZ to have the worst current account deficit out of every single advanced country in the world this year, 2023.

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“Had I been a journalist at Newshub, Stuff, or Herald, I would’ve written about how the IMF says an extraordinary thing about NZ. It states we are projected to have the worst current account deficit out of every single advanced country in the world this year, 2023. That’s 40 countries! …NZ’s current account balance is reported as -8.6 % of GDP, worse than Greece’s at -8.0 %, in 2023. That means we’re not paying our way. Imports hugely outweigh exports….

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In less than 48 Hours the US changes FOREVER! with Clayton Morris

In less than 48 Hours the US changes FOREVER! with Clayton Morris

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Clayton Morris joins us to discuss the debit ceiling and how it will affect the US Dollar. The FED has run out of money in this breaking news update. I need to tell you what is going on with the debt ceiling. So I’m going to be honest with you, the situation is ridiculous. So let me tell you what the big problem is. The experts thought that we would not be in a big crisis until August, but this…

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Houston, We have a (giant) problem

Houston, We have a (giant) problem

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These were my off-the-cuff comments on social media This is my problem with the Left where I came from. They will argue about the rights of the minority to subvert the majority. There are a few that still talk about how much tax the rich are paying – injustices that have been with us since I’ve been on the planet. Generally, they are now PRO the security, Deep State, war, pro-government. By their silence they are quite comfortable with the…

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Some truth about the New Zealand economy

Some truth about the New Zealand economy

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You hardly ever get some truth about the New Zealand economy. Here’s some. The IMF says NZ has the worst Current Account Deficit out of all 40 “Advanced Nations” in the world Sometimes one does think the Kiwi media are really trying hard to play games with the news. The International Monetary Fund just produced its ‘World Economic Outloook”. Stuff News said it “has painted a grim picture of the outlook for the global economy over the next few years”….

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The real size of Govt debt in NZ

The real size of Govt debt in NZ

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Paul Glass: The real size of Govt debt in NZ, stripped of accounting tricks OPINION There is no such thing as “government” money when it comes to spending. Governments get their funding from taxpayers either directly through taxes or through debt, which taxpayers must service and eventually repay. In New Zealand, the three largest sources of tax revenue for the government are individuals (35 per cent), GST (22 per cent) and corporate tax (17 per cent). Over the last 30…

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Kim Dotcom: “What’s the root cause of the US proxy war in Ukraine?”

Kim Dotcom: “What’s the root cause of the US proxy war in Ukraine?”

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Kim Dotcom is spot-on WW3: US/NATO PROXY WAR IN UKRAINE, AND NZ’S SUPPORT OF IT EXPLAINED IN 8 TWEETS EVER WONDERED WHY NEW ZEALAND AND OTHER WESTERN COUNTRIES ARE SENDING HUGE AMOUNTS OF MONEY FROM THEIR AILING ECONOMIES TO PROP UP UKRAINE’S ALL BUT DEFEATED ARMY IN A STAND-OFF WITH RUSSIA THOUSANDS OF MILES AWAY? We are living in the last days of Empire – the US/Western Financial Empire – and most people don’t know it. Places like Kherson, the…

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Money as Debt

Money as Debt

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This is coming full-circle to how I began my blog in 2012 Neil Oliver: ‘By taking back control of the money we can begin regaining control of our world’ Neil Oliver: ‘Now is the time to take back control of money – Its creation, its value and its flow. By so doing, we can begin the task of regaining control of our world.’ Money as Debt I – Revised Edition 2009

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