government debt – Family Guardian

America will be left with ‘severe, irreversible scars’ if national debt goes unchecked. Now, a blockbuster report warns the bill is higher than believed, hitting $141tn by 2054

Story by Eleanor Pringle, Fortune, 4/1/24 SOURCE: https://www.msn.com/en-us/money/markets/america-will-be-left-with-severe-irreversible-scars-if-national-debt-goes-unchecked-now-a-blockbuster-report-warns-the-bill-is-higher-than-believed-hitting-141tn-by-2054/ar-BB1kSB6V?ocid=msedgntp&pc=U531&cvid=8fe0bec286204096bd2b12ddd1f4ba23&ei=15 National debt is fast becoming the thorn in the side of the American economy that nobody wants…

fg_admin April 1, 2024

70% Of Largest US Cities Broke And Cannot Cover Costs

Story by Andrew Sanders, State of the Union, 2/26/24 SOURCE: https://www.msn.com/en-us/money/companies/70-of-largest-us-cities-broke-and-cannot-cover-costs/ar-BB1iT23I?ocid=msedgntp&pc=U531&cvid=d9d92a528573425c9d0e635005886919&ei=24 EDITORIAL: If this isn’t evidence of a systemic government collapse, I don’t know what…

fg_admin February 26, 2024

CBO Director Warns House Panel that Interest on National Debt Could Pose Threat to U.S. Economic Stability

Story by Collins Abia , The Artistree, 2/16/24 SOURCE: https://www.msn.com/en-us/money/markets/cbo-director-warns-house-panel-that-interest-on-national-debt-could-pose-threat-to-u-s-economic-stability/ar-BB1ip8sP?ocid=msedgntp&pc=U531&cvid=c24d2111d82c44f9bd7fd35e5e5aa450&ei=49 The director of the Congressional Budget Office (CBO) warned House lawmakers about the potential threat to…

fg_admin February 17, 2024

Jamie Dimon believes U.S. debt is the ‘most predictable crisis’ in history—and experts say it could cost Americans their homes, spending power and national security

Story by Eleanor Pringle, Forbes, 2/11/24 SOURCE: https://www.msn.com/en-us/money/markets/jamie-dimon-believes-u-s-debt-is-the-most-predictable-crisis-in-history-and-experts-say-it-could-cost-americans-their-homes-spending-power-and-national-security/ar-BB1i6y8l?ocid=msedgntp&pc=U531&cvid=874eb3b6706245d7b53ebffb98f5a4f1&ei=29 EDITORIAL: For more on government fiscal policy and debt, see: Money, Banking, and Credit, Sections 11.4 and…

fg_admin February 11, 2024

Powell: ‘The US is on an unsustainable fiscal path’

Story by Taylor Giorno, The Hill, 2/6/24 SOURCE: https://www.msn.com/en-us/money/markets/powell-the-us-is-on-an-unsustainable-fiscal-path/ar-BB1hLOD2?ocid=msedgntp&pc=U531&cvid=4464e15dfe1f499dba641f909b14db6e&ei=18 Federal Reserve Chair Jerome Powell said “the U.S. is on an unsustainable fiscal path” in a…

fg_admin February 6, 2024

‘Black Swan’ author Nassim Taleb says the US is heading for a debt ‘death spiral’

Story by Jennifer Sor, Market Insider, 1/30/24 SOURCE: https://www.msn.com/en-us/money/markets/black-swan-author-nassim-taleb-says-the-us-is-heading-for-a-debt-death-spiral/ar-BB1hv0JP?ocid=msedgntp&pc=U531&cvid=9cbd98935dd7412dad72be8443f779db&ei=15 The US is facing a “death spiral” as a result of its mounting debt and the…

fg_admin January 30, 2024

Janet Yellen made the worst mistake in Treasury history when she failed to lock in cheap debt, elite investor Stanley Druckenmiller says

Story by Theron Mohamed, 10/31/23 SOURCE: https://www.msn.com/en-us/money/markets/janet-yellen-made-the-worst-mistake-in-treasury-history-when-she-failed-to-lock-in-cheap-debt-elite-investor-stanley-druckenmiller-says/ar-AA1j9FJg?ocid=msedgntp&cvid=354996addaf54525b2a159a672ee553c&ei=12 Janet Yellen made the worst mistake in the history of the Treasury, which has helped pave the way…

fg_admin November 1, 2023

The $24 Trillion Problem Haunting Wall Street

Story by Kevin T. Dugan, Intelligencer, 10/18/23 SOURCE: https://www.msn.com/en-us/money/savingandinvesting/the-24-trillion-problem-haunting-wall-street/ar-AA1ir5tq?ocid=msedgntp&cvid=6b3d29dc3cb2458683d616023e70bfde&ei=16 When Wall Street sizes up the world’s risks, one way traders make their bets on the…

fg_admin October 19, 2023

Why you should care about the global rout in government bonds

Story by By Anna Cooban, CNN, 10/5/23 SOURCE: https://www.msn.com/en-us/money/markets/why-you-should-care-about-the-global-rout-in-government-bonds/ar-AA1hHfGP?ocid=msedgntp&cvid=1421718b357746e1917710d34970765b&ei=18 A slump in government bonds around the world has pushed up the cost of some nations’…

fg_admin October 5, 2023

Serious Global Financial Crisis Coming As Debt Levels Skyrocket, Warns Jim Rogers: ‘It Will Be The Worst In My Lifetime’

Story by Bibhu Pattnaik, Benzinga, 7/15/23 SOURCE: https://www.msn.com/en-us/money/news/serious-global-financial-crisis-coming-as-debt-levels-skyrocket-warns-jim-rogers-it-will-be-the-worst-in-my-lifetime/ar-AA1dUcgI?ocid=msedgntp&cvid=6af6d56ae55546e582c70f918922254c&ei=14 EDITORIAL: The greatest national security threat is public debt, not foreign countries. BEGIN ARTICLE easoned investor and…

fg_admin July 16, 2023