Well… He was speaking in front of bankers in Frankfurt, so had to pay his allegiance to the banks, which the Greek people have been bailing out over and over again at … Continue reading Schaeuble: Greece is living beyond its means
Welcome to the age of austerity Great article explaining how austerity is not about making countries healthier, it’s about enriching banks. That public, government debt is actually an asset, but we’ve all … Continue reading How the politics of debt explains everything
What actually is government debt? How does it work? Should we really be frightened of it? Will I ever get out of this swamp alive? “The expression ‘national debt’ is really 100 … Continue reading Government debt, translated by a comedian
Approximately US$440 billion in Troika loans over a five year period was given to Greece. But who is beneftting from the US$440 billion bailout?The US$440 billion in Troika loans—and thus Greek debt—has … Continue reading Who Profited From The Greek $440 Billion Bailout
The asking price was less than $60,000 for $14,922,261.76 in this zombie debt — or around $.004 for every dollar of debt owed. Purchasing the debt would give … Continue reading John Oliver Buys $15M In Medical Debt, Then Forgives It
This video, in French but with English subtitles, explains why the EU countries are in such a horrible state financially. It’s because of stupid rule (article 123) created by the Lisbon Treaty … Continue reading EU Government debt problem explained (in a few minutes)
Presumptive Republican presidential nominee said Monday that his recent comments about renegotiating or restructuring debt with creditors are being misconstrued… “People said I want to go and buy debt and default on … Continue reading Donald Trump: People are misrepresenting what I said about renegotiating debt
And there is no reason for the government to default. The U.S. government owes $12.8 trillion to the public. The majority of this money is owed to American citizens and businesses. And … Continue reading Great, Donald Trump Threatened To Default On The National Debt
While that certainly is true, American wealth and political power has sometimes played an oversized role in influencing the economics of sovereign nations. By destabilizing entire nations, it is not the politicians … Continue reading Influence Abroad: American vulture funds feed on Argentina’s debt crisis
As a rule, it does not matter how much money a country owes if it can easily meet its interest payments. And the US will NEVER have a problem meeting its interest … Continue reading Time’s Magazine’s Cover Story About the National Debt Is Unforgivably Idiotic
The plan would cover $49.3 billion of Puerto Rico’s $72 billion debt, most of which is in the form of municipal bonds. What I like about their current plan: A potential sticking … Continue reading Puerto Rico Aims to Appease Congress With New Debt Proposal
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