Sunday , 21 April 2024

Debt & Deficits

Red China Is Drowning In A Sea of Red Ink

China is only becoming more indebted, even as its economy slows down. By 2014, China's total debt reached $28 trillion, according to McKinsey & Co. That is roughly half the world's entire debt. In this article we show what's happened to Chinese debt and why people are starting to worry about it.

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Global Terrorism Index

The Institute for Economics and Peace, an Australian nonprofit think tank, calculates that the worldwide economic cost of terrorism was $52.9 billion in 2014, an all-time peak. After what happened last week in Paris and is currently ongoing in Brussels you can bet the cost will go much higher.

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U.S. Needs Donald Trump – He’s An Expert At Declaring Bankruptcy

What the Land of the Free needs right now is someone who can stop beating around the bush and just get on with it already and that someone is Donald Trump because he is an expert at declaring bankruptcy. When the going gets tough, Trump stiffs his creditors - he’s done it four times - and such experience would come in handy during the next presidential term. The U.S. government is bankrupt and default is inevitable. Who better to oversee such an event than Donald Trump!

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These 23 Countries (+ Greece) Are Also Facing a Full-blown Debt Crisis

An unprecedented global debt bomb threatens to explode at any moment. 24 nations are currently facing a full-blown debt crisis, and there are 14 more that are rapidly heading toward one. The only “solution” under our current system is to kick the can down the road for as long as we can until this colossal debt pyramid finally collapses in upon itself and when it does it will be unlike anything that we have ever seen before.

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