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#debt

32 posts25 participants2 posts today

This is what’s happening under the new presidential regime.
us-debt-clock.com/

The US is going into debt by the biggest amount ever in history.
And the words of our president, it will be huge. The fact is, it’s already huge. Thank you, President Trump.
#Trump #debt

www.us-debt-clock.comLIVE U.S. National Debt ClockTrack the US national debt in real-time with U.S. Debt Clock. Stay informed with expert analysis and visualizations.
$31 trillion debt holds back developing countries, UN trade summit hears
At the same time, today’s investment system favours projects in richer economies rather than developing nations, she continued, with one-off costs responsible for making one US dollar “three times more expensive in Zambia than in Zurich”.

...

Echoing Grynspan’s concerns, the President of the General Assembly, Annalena Baerbock, warned that developing country debt reached $31 billion last year.

This meant that instead of being able to invest in their people’s future “by building more schools or expanding healthcare facilities, many governments are instead spending precious funds on servicing debt."

#^https://www.wam.ae/en/article/15txv2s-31-trillion-debt-holds-back-developing-countries
#economy #capitalism #Western #finance #neocolonialism #banksters #money #debt #poverty #un

Steve Keen points out (sorry, at some length) the concerns of Central Bankers & the Financial Services commentators about Govt. debt are misplaced, in that private debt is much higher (and a lot less secure).

To try & avoid the financial crisis towards which we seem to be accelerating, we need to reduce the private debt problem!

His blog-post is concerns the USA, but much of what he is talking about is directly applicable to the UK, so worth reading.

#economics #debt
profstevekeen.substack.com/p/g

Building a New Economics · Gaslighting us on private debtBy Steve Keen

You've been warned

Ray Dalio predicts a “debt-induced economic heart attack” within three years, likening the U.S. deficit to unhealthy habits.

He warns that the Federal Reserve’s potential loss of independence could lead to a decline in the dollar’s value, with foreign debt holders already shifting to gold.

Dalio attributes this to a convergence of five major forces: massive debt cycles, political conflict, geopolitical tensions, climate change, and rapid technological disruption.

finance.yahoo.com/news/ray-dal
#economy #debt #crash #collapse #raydalio #gold #ustreasury

Yahoo Finance · Ray Dalio Predicts a 'Debt‑Induced Economic Heart‑Attack' Within 3 Years —Likens U.S. Deficit to Lifetime of 'Overeating Fatty Foods And Smoking'By Ivy Grace