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National Debt

The U.S. national debt is quickly rising. Don’t for a second believe that our country can sustain these debt levels without severe repercussions. At the time of this writing, the U.S. national debt stands at $18.15 trillion. (Source: Treasury Direct, last accessed October 16, 2015). Please look at…

At the time of writing, the U.S. public debt stands at $18.1 trillion. (Source: U.S. Treasury Direct, last accessed July 22, 2015.) Doing simple math; with a population of 318.9 million, each man, woman, and child in the United States owes roughly $57,000! According to the Congressional Budget…

Gold will go to $5,000 by 2020. This prediction may sound absurd right now, when gold is trading at $1,200, but there are a few factors at play that could send the precious metal prices skyrocketing even before then. The top three factors that have the ability to…

The U.S. national debt currently stands at a staggeringly high level. Sadly, it’s only expected to go higher—and at a much quicker rate than the government predicts. U.S. National Debt to Hit $19.0 Trillion This Year? According to the estimates by the Congressional Budget Office (CBO) for the…

With the U.S. government forecast to incur budget deficits year-over-year through to 2025, our rising national debt is turning into a debt crisis that will have long-term negative effects on our economy and currency valuation. In particular, two ticking debt time bombs are lurking nearby. Official National Debt…

For the U.S. government’s fiscal year ended September 30, 2014, the government registered a budget deficit of $483 billion—the lowest budget deficit since 2007. In fiscal 2013, the budget deficit was $680 billion. In each of the previous four fiscal years, it was more than $1.0 trillion per…

For the U.S. federal government’s fiscal year, which ends this Tuesday, the Congressional Budget Office (CBO) predicts a budget deficit of $506 billion. (Source: Congressional Budget Office web site, September 26, 2014.) But just because our annual deficit is declining, that doesn’t mean our national debt is rising…

According to the U.S. Congressional Budget Office, next year, the government is expected to incur a budget deficit of $469 billion and then another budget deficit of $536 billion in 2016. (Source: Congressional Budget Office web site, last accessed July 21, 2014.) From there, the budget deficit is…

While the Federal Reserve has cut back on its money printing program, the fact of the matter is that the “official” U.S. national debt is closing in on $18.0 trillion. The unofficial national debt (when obligations like Social Security, Medicare, Medicaid, welfare, and now Obamacare are taken into…

As it stands, the U.S. national debt has skyrocketed to above $17.4 trillion. With this year’s budget deficit expected to be around $500 billion, we’ll be at a national debt of $18.0 trillion in no time. In fact, a $30.0-trillion national debt is not out of the question…

Something just doesn’t make sense here… In 2013, the U.S. budget deficit came down to $680 billion. Finally, after four consecutive years of annual budget deficits of more than $1.0 trillion, the government got its annual “hole” under the trillion-dollar level, and it seemed as though we were…

In the early days of the 2008 financial crisis, the Federal Reserve said, “Job losses, declining equity and housing wealth and tight credit conditions have weighed on consumer sentiment and spending. Weaker sales prospects and difficulties in obtaining credit have led businesses to cut back on inventories and…

For a moment, consider yourself a loan officer at a major bank. Would you approve a loan for a customer who says they earn $1,000 a month, spend $1,300 a month, and don’t have a job? They also tell you they have unpaid debts of $17,000. I don’t…

The U.S. national debt has skyrocketed from $9.2 trillion in the beginning of 2008 to $17.3 trillion today. This represents an increase of more than 88% in just a matter of a few years. (Source: Treasury Direct web site, last accessed March 11, 2014.) The national debt of…

“Michael, you don’t know what you are talking about.” That’s pretty much what I was told back in 2005 and 2006 when I was warning extensively that the U.S. housing market would collapse. When a boom in any form of investment is going on, and millions of people…

What the Federal Reserve is doing in the U.S.—its effort to get the economy going via its money printing program—has already been tried by the second-largest economy in the world: Japan. Unfortunately, the easy monetary policy implemented by the Bank of Japan didn’t spur the Japanese economy. So…

It was a regular flight for me to Miami…a late Saturday afternoon two weeks ago. As our flight approached Miami International Airport, the captain announced we would soon be starting our descent. Then something happened that I thought was strange. We started circling in the air. Not once…