Category Archives: Government Debt
Fighting the Suck in China
Old records are being broken. New records are being notched. On Monday, for example, the People’s Bank of China reported a record liquidation of foreign exchange reserves occurred in November. Specifically, China’s foreign exchange reserves declined $87.22 billion in November … Continue reading
Another Government Ponzi Scheme Starts to Crack – Do You Depend on It?
Another Government Ponzi Scheme Starts to Crack – Do You Depend on It? By Nick Giambruno, International Man Government employees get to do a lot of things that would land an ordinary citizen in prison. For example, it’s legal for … Continue reading
Economic Profanity
Significant changes are taking place. As we noted several weeks ago, for the first time in 27 years wealth is not flowing into emerging markets. It’s flowing out. The global economy everyone has known since the late 1980s is being … Continue reading
Abolish the Federal Debt Limit
One trouble with government programs is they mislead people. Recipients believe they are getting a benefit when, in effect, they are unwittingly being placed in harm’s way. Time and time again, under the influence of a benevolent hand of government, … Continue reading
