Moral Outrage
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Posts Tagged ‘government debt

The United States as a Third World country (Part 1)

December 4, 2011

The evidence suggests that, without fundamental reforms, the United States will become a post industrial neo-3rd-world country by 2032. Fundamental characteristics that define a 3rd world country include high unemployment, lack of economic opportunity, low wages, widespread poverty, extreme concentration of wealth, unsustainable government debt, control of the government by international banks and multinational corporations, […]

Chinese ratings agency threatens US with new downgrade

November 14, 2011

The head of China’s biggest ratings agency, Dagong Global Credit Rating, is warning that it may downgrade the US’s sovereign debt rating again because of Washington’s failure to tackle the federal budget deficit. Dagong, which has maintained a pessimistic outlook on US fiscal policy, has been leading the charge to downgrade US debt over the […]

Americans own most of US government debt, not China

July 25, 2011

Many people — politicians and pundits alike — prattle on that China and, to a lesser extent Japan, own most of America’s $14.3 trillion in government debt. But it’s really Americans who hold most of America’s debt. Here’s a quick and fascinating breakdown by total amount held and percentage of total U.S. debt, according to […]

QE quantitative easing same old government fraud

November 16, 2010

One day, the king of ancient Babylon summoned his treasury overseer and exclaimed, “I need more money to wage war on those Hittite terrorists! I looked in the great treasure chest and it’s nearly empty. There are hardly any gold coins left,” he thundered. “Oh Light of the Euphrates,” groveled his terrified minister, “we are […]