Debt news, articles and information:

Engineered to fail: Why war, drugs, prisons, health care, debt and education are all theatrical scams designed to fail

6/15/2014 - More and more people are wondering today why systems of American government and corporate enterprise don't seem to be working. The education system fails to educate, the health care system fails to create good health, and the border patrol isn't even allowed to protect the border. Why are these systems...

Eight powerful steps for getting out of debt - advice from the trenches

6/14/2014 - It's easy to think that debt is inescapable. After all, the economy is falling apart, the cost of living is going up, and the boss just isn't handing out raises. When you let these thoughts become beliefs, then they will dictate, placing restraints on your reality and future. These external economic...

Rethinking Bitcoin: Health Ranger acknowledges value of peer-to-peer crypto currency in age of impending debt collapse

5/21/2014 - I've been rethinking Bitcoin a lot lately and I've decided I need to go public with some changes in my own thinking on this peer-to-peer crypto currency. As background, I first came out in favor of Bitcoin and its structure during its early growth years. I became alarmed at the sudden "bubble" of Bitcoin...

Selective climate alarmism of White House ignores imminent threats of EMP attack, debt collapse and Fukushima catastrophe

5/9/2014 - The White House alarmism over global warming / climate change / "climate disruption" would be a lot more believable if it weren't so contrived. Of all the legitimate, imminent threats facing the continuity of the American way of life with its cheap money, cheap imports, cheap electricity, cheap fuel...

IRS can seize funds from taxpayers to cover 30-year-old debts of their deceased parents

4/25/2014 - In another sign that the U.S. government is desperate for money to finance its bloated operations, Uncle Sam's various federal agencies, including the Internal Revenue Service, have stepped up efforts to go after the children of parents who the government says owe debt. As reported by the The Washington...

Government binging: Global debt surpasses $100 trillion

3/18/2014 - If you think the United States is the only country on the planet whose government overregulates, over-controls and overspends, think again. There are many such governments around the world, and collectively, the amount of money they owe is, quite simply, mind-boggling. Here at Natural News we like...

The abandonment of justice in America: Debtors' prisons on the rise across the country

1/5/2014 - Dating back to the ancient Mediterranean societies and Greek city-states, circa 600 B.C., and stretching into Europe in the late 18th century, debtor's prisons - lock-ups for people who were unable to pay their debts, due to unforeseen reasons, are making a comeback in 21st century America. As reported...

Before he leaves office, Obama will have single-handedly doubled the nation's total debt

10/22/2013 - Don't look now, but that ticking sound you hear is the massive debt bomb set for explosion at some point in the near future, thanks to the pandering, bought-and-paid-for political class that has been kiting checks on the U.S. Treasury to pay for all sorts of voter goodies for a generation. While...

Greenspan admits 'no viable long-term solution' to America's soon-to-fail system of debt and despair

9/26/2013 - We have been warning readers that, because of our nation's worsening fiscal condition, the United States government is at serious risk of collapsing under a mountain of unsustainable debt. Right now, the "official" federal debt is approaching $17 trillion; the total debt is about 105 percent of annual...

Congressional Budget Office now admits catastrophic debt 'crisis' inevitable for America

9/24/2013 - From the behavior of both sides of the political aisle in Washington, you'd think that the nation's unsustainable debt is no big deal. Otherwise, lawmakers would be clamoring to get a handle on it. But as it is, only a small, small group of fiscal conservatives is working to not only get a handle on...

American delusion of unlimited borrowing, consumption and debt spending to come to an end

9/20/2013 - Right now, it's pretty easy to disbelieve anyone who is trying to sound the alarm that something bad could ever happen to America. It's easy, while sitting in the comfort of our homes, watching life go on around us, to dismiss as fear-mongering anyone who tries to shatter the images of calm with...

It's official: Obama ran trillion-dollar deficits four years in a row

8/27/2013 - He certainly isn't the only president in U.S. history to run trillion-dollar deficits, but he is the first to run as many in a row. It's official now: Barack Obama is head of the most profligate spending government ever. In a recent disclosure of updated historical budget data for the federal government,...

U.S. Treasury now openly 'cooking the books' to fudge debt numbers in desperate move before collapse

8/2/2013 - On the surface, it appears as though the federal government is finally making progress on the national debt. But in reality, when you apply some common sense and a little logic, it becomes obvious that what is really going on is no small amount of creative math. In case you didn't know it, the "official"...

Article updated with new message from the Health Ranger

6/15/2013 - The article which originally appeared here has been removed because it is no longer aligned with the science-based investigative mission of Natural News. In late 2013 / early 2014, Mike Adams (the Health Ranger), editor of Natural News, transitioned from outspoken activist to environmental scientist....

College prices, student loan debt skyrocket while university presidents earn more than Obama

6/1/2013 - The president of the United States is paid $400,000 a year for his services, but that's not as much as most presidents of American universities are making, according to a new study. What's more, data show how expensive college has become, which could be a reason why college loan debt has soared to...

Foreign holdings of U.S. debt almost equal the entire GDP of the U.S. economy

5/7/2013 - The economic destruction of America, a once-shining beacon of prosperity that has slowly, steadily been transformed into a massive debtor nation, continues unabated as now, foreign holdings of U.S. debt are nearly equal to our annual gross domestic product. According to CNBC.com, foreign entities...

Facebook linked to binge eating, debt, poor self-control

1/24/2013 - Among certain people, the use of Facebook may lead to inflated self-esteem, poor self-control, and risky or even self-destructive behavior, according to a study conducted by researchers from the University of Pittsburgh, Columbia Business School and published in the Journal of Consumer Research. "To...

The 'fiscal cliff' facade: It's about the spending, stupid

12/19/2012 - Americans have been inundated with news coverage about the so-called looming "fiscal cliff," a series of automatic spending cuts and tax increases mandated by law that are about to take place on Jan. 1, if Congress and President Obama do nothing to stop them, which looks increasingly likely. We've...

Geithner: Raise U.S. debt limit to infinity

12/1/2012 - The elaborate Ponzi scheme officially known as the U.S. financial system is set to completely transform into a Monopoly-style fantasy economy where money and debt are both meaningless and limitless. U.S. Treasury Secretary Timothy Geithner has actually come out with a proposal that the American debt...

Economic IQ test: If the national debt doesn't matter, then why are we still paying federal income taxes?

11/23/2012 - The U.S. federal government is over $16.2 trillion in debt. But that doesn't really matter, we're told, because the Federal Reserve -- a private banking monopoly -- can create an unlimited quantity of dollars to keep buying up the U.S. debt. This is called "QE unlimited," meaning unlimited quantitative...

Geithner unveils his true agenda: Infinite debt means infinite economic enslavement of America

11/21/2012 - Those pesky debt ceilings are just never high enough. Not $10 trillion, nor $14 trillion or even $18 trillion. The problem with debt ceilings is that, in a nation of runaway, criminally insane debt multiplication, debt ceilings keep getting in the way of what the globalist banksters really want: INFINITE...

The coming EBT riots: What will happen when government entitlements stop?

11/17/2012 - EBT cards are modern-day food stamps, except they're electronic. In essence, they are government-issued debit cards that allow recipients to spend taxpayer money for their own groceries. But EBT cards aren't merely good on food staples like beans and rice, they can be spent on processed junk food that...

Ron Paul's farewell message to America: Embrace liberty or face self-destruction

11/17/2012 - Ron Paul's recent farewell speech is arguably the single most important speech in American history. Dr. Paul lays out the fatal problems facing America while pulling no punches. This speech is a must-read piece by anyone who seeks to understand the real reasons why America remains in a downward spiral...

Obama's economic policies explained for Earthlings: Debt multiplication, the quantum multiverse and transdimensional accounting

11/9/2012 - In case you haven't noticed, the U.S. populace -- as well as its delusional political leadership -- has resigned itself to the intellectual lazy-ism of "Let's just SPEND our way out of this mess!" The mind-numbing re-election of President Obama in the wake of trillions of dollars in new debt created...

Obama decision puts America on trajectory toward financial mega-disaster

11/8/2012 - The re-election of Obama was more than the mere selection of one man over another; it was an endorsement of a set of economic policies that are now launching America into a trajectory that can only end in economic disaster. With the election now etched in the history books, America has endorsed an...

One-quarter of Spain and Greece workers without work as unemployment and debt continue to skyrocket

11/8/2012 - As bad as the U.S. economy has gotten, things are worse in Spain and Greece, as the entitlement-heavy economies of both nations further implode, relegating tens of millions of their citizens to what could become a generation of abject poverty. The unemployment rate in both countries stands at about...

26 things to get done before the global debt collapse

10/17/2012 - The time between today and the day the global debt collapse reaches our shores is finite. The U.S. national debt clock shows a nation spiraling into financial oblivion. When Ron Paul says "Americans should be panicking" over the Fed's new QE unlimited policy of infinite money creation, he was actually...

Stop being negative! President Obama solves the $16 trillion federal debt problem with positive intention

10/5/2012 - Mr. Jeffrey Zients is the Deputy Director of the Office of Management and Budget (OMB) in Washington, D.C. He was recently allowed ten minutes to brief President Obama on the catastrophic rise in U.S. federal debt, which has grown by approximately $4 trillion under the Obama administration. The following...

Infinite quantitative easing (QE3) now initiated; the final chapter of America's financial blowout has begun

9/16/2012 - This is it, folks: the final chapter of America's great financial blowout has begun. The Federal Reserve's decision to announce "infinite" quantitative easing has now put us all on the path of infinite money creation. With up to $85 billion in monthly money creation -- including $40 billion a month...

Financial alert: Germany's Constitutional Court decision either means a rapid Eurozone financial collapse, or inevitable hyperinflation

9/11/2012 - The financial collapse of the Eurozone may be upon us. This Wednesday, September 12, the Federal Constitutional Court of Germany must decide whether it is legal for Germany to participate in the financial bailouts of other nations in the Eurozone. The court has been inundated with tens of thousands...

Obama punishes Americans with another trillion-dollar deficit (four in a row)

8/31/2012 - As a presidential candidate in 2008, Sen. Barack Obama characterized outgoing-President George W. Bush as "unpatriotic" for adding $4 trillion to the national debt during his eight-year tenure. In a campaign speech to supporters July 3, Obama said: "The problem is, is that the way Bush has done...

Obama's real legacy - $10 trillion in new federal debt over just four years

8/28/2012 - As Election Day nears, Americans certainly have some sobering choices to make. Whoever wins the White House has a monumental fiscal crisis to deal with - one that makes losses incurred during the Great Recession of 2008 look like pocket change. Either way you cut it, the country has been, and will...

True federal deficit unimaginably larger than official tally

6/3/2012 - Just how much in debt is the United States? How much more debt is being added by overspending lawmakers and presidents each year? The answer isn't what you think, according to a new evaluation of the numbers using a quaint, time-tested concept known as real math. "Officially," the federal deficit...

US Treasury Dept running secret debt sales to China, bypassing Wall Street entirely

5/23/2012 - In another sign of America's increasing debtor status to China, the Obama administration is allowing Beijing to bypass Wall Street entirely when it comes to buy U.S. Treasury bonds, the first time a foreign country has ever been afforded such special treatment. In a recent exclusive, Reuters said...

Iceland forgives mortgage debt to save its economy

5/6/2012 - It's probably not a concept that most U.S. banks and lawmakers want to think about, but the fact is, Iceland's economy has grown by leaps and bounds since the government there implemented widespread debt forgiveness for many of its citizens. The initiative came about http://www.bloomberg.com " target="_blank">following...

U.S. treasury raids federal employee pension funds to cover debts

1/20/2012 3:05:31 PM - There is a saying, "Desperate times call for desperate measures." Roughly, it's an expression that's meant to be reassuring, conjuring up an image of a true statesman-like leader who is preparing to do whatever is necessary to lead the masses out of danger. Of course, the expression doesn't have...

Article updated with new message from the Health Ranger

1/4/2012 - The article which originally appeared here has been removed because it is no longer aligned with the science-based investigative mission of Natural News. In late 2013 / early 2014, Mike Adams (the Health Ranger), editor of Natural News, transitioned from outspoken activist to environmental scientist....

Burning down the house - the coming global financial firestorm

12/13/2011 - This week a fire might start that will burn the western financial system down to the ground. Important people like George Soros warned, "The current global financial system is in a self-reinforcing process of disintegration, the developed world is falling into deflationary debt trap." I have been...

Money and the Blame Game: Seeing Beyond 'Occupy Movements' and 'End The Fed'

12/3/2011 - To say fractional reserve banking is bad is like saying that fire is bad - it's kind of silly for its simplistic assumption. The relevant question is: what are you using it for? Morally, who has committed the greater offense: the farmer who uses loan money to purchase toxic pesticides to spray over...

Article updated with new message from the Health Ranger

11/30/2011 - The article which originally appeared here has been removed because it is no longer aligned with the science-based investigative mission of Natural News. In late 2013 / early 2014, Mike Adams (the Health Ranger), editor of Natural News, transitioned from outspoken activist to environmental scientist....

Financial red alert: Europe stands on verge of 'apocalyptic' debt crisis with only days remaining

11/29/2011 - After years of working diligently to raise the alarm on the precariousness of the global financial system, it has become clear to me that most people still do not grasp the reality of where our global financial system really stands. We are on the verge of a systemic financial implosion that could very...

Debt and financial stress can shorten your life

9/11/2011 - Every day we are bombarded by media reports about economic woes, national debt and unemployment. And the crisis really hits home when the bills arrive. Debt, money, and jobs are a huge source of stress these days. And while the problem may be genuine, stressing over it could be killing you. When...

You think we owe $14.5 trillion? The real figure is more like $211 trillion

9/8/2011 - Remember the tussle between Congress and the White House earlier this summer over raising the nation's debt limit? Supporters of the "deal," including President Barack Obama, tried to assuage our angst over the incredible amount of money - $14.5 trillion - our nation owes by saying, in essence, don't...

U.S. debt crisis worsens as borrowing tops 100 percent of GDP

8/10/2011 - Nothing says "debt crisis" like borrowing more money than you take in over the course of a year, but that's what the U.S. government has done. The ink from President Barack Obama's signature was barely dry on legislation raising the government's already staggering debt ceiling when Uncle Sam was...

Head of top China credit rating agency says dollar on its way out

8/10/2011 - When the head of a credit ratings agency in the country that holds most of your debt says your currency is in danger of being "discarded" by the world, you should probably listen. Earlier this week, just two days after Standard & Poor's downgraded America's credit rating for the first time in our...

USA loses AAA credit rating as S&P downgrades due to runaway debt and government spending

8/6/2011 - The USA lost its long-coveted AAA debt rating late Friday as Standard & Poor's downgraded the nation's debt to AA+, citing out-of-control government spending and record budget deficits. This is something that key members of the Obama administration promised would never happen (http://thehill.com/blogs/on-the-money/budget/156747-geithner-no-risk-that-us-loses-its-top-credit-rating). They...

Debt ceiling deal does little to cut real spending

8/5/2011 - The drama of uncertainty. The last-minute pandering to colleagues. The "nail-biting" final votes. Yet in the end, lawmakers did their "duty" and agreed to raise the federal debt ceiling and allow the government to borrow even more money than the $14.3 trillion it current owes. But to be honest, who...

Seven startling things most people still don't know about the national debt, banking and the money supply

8/2/2011 - Most people, even smart people, know surprisingly little about the way money really works in Big Government. With the debt ceiling fiasco suddenly raising awareness of the possibility of a total global financial blowout, now seems like a good time to remind people of seven disturbing facts about money...

Article updated with new message from the Health Ranger

7/29/2011 - The article which originally appeared here has been removed because it is no longer aligned with the science-based investigative mission of Natural News. In late 2013 / early 2014, Mike Adams (the Health Ranger), editor of Natural News, transitioned from outspoken activist to environmental scientist....

The Unthinkable Financial Ruin of America

7/27/2011 - People and governments around the world are fast running out of money. This is common news today, the inability to meet payments and the building up of debt. Though many individuals, corporations, towns, cities, states and sovereign governments are in this situation no one has gotten into deeper hock...

Article updated with new message from the Health Ranger

7/27/2011 - The article which originally appeared here has been removed because it is no longer aligned with the science-based investigative mission of Natural News. In late 2013 / early 2014, Mike Adams (the Health Ranger), editor of Natural News, transitioned from outspoken activist to environmental scientist....

No longer deniable: Under runaway debt burden, America's currency is headed for total collapse

7/26/2011 - Treasury Secretary Tim Geithner recently told FOX News, "We write 80 million checks a month. There are millions and millions of Americans that depend on those checks coming on time." That quote, all by itself, tells you just about everything you need to know about what America has become and why...

Bankers Armageddon

7/20/2011 - It's Monday morning and everyone is nervous about what will come this week from Europe and the United States. Japan is quietly being dragged down by the radiation disaster as well as by her debt but on both sides of the Atlantic things are exceedingly noisy. The heart of the first world is clogged with...

Financial Collapse

7/15/2011 - "There is a growing sense of despair in Brussels. Unlike previous attacks on the euro project, the latest downgrade of Portugal's debt by the ratings agency Moody's feels like the beginning of the end. Those economists and fund managers, who argued that a second bailout for Greece with private sector...

IMF warns U.S. headed toward financial crisis if debt is not urgently reduced

6/22/2011 - In what should be another klaxon bell warning in the night for lawmakers and the Obama administration, the International Monetary Fund last week warned once again that unless U.S. debt is brought under control, the nation's financial ship of state is headed for an iceburg, and when it sinks, the entire...

U.S. debt rating downgraded to C status by Weiss Ratings

5/11/2011 - Despite being awash in red ink - to the tune of more than $14 trillion - the United States has managed to retain its AAA credit rating, which is the highest rating available. But at least one economist thinks that is more about smoke and mirrors rather than a rating based on solid financial numbers. Martin...

China to dump two-thirds of U.S. debt reserves?

5/2/2011 - Amid near-daily reports that the U.S. dollar continues to slide in value comes a report that China, the largest holder of U.S. debt, is considering dumping two-thirds of its dollar reserves, which currently stand at about $3.04 trillion. According to a report from China's Xinhua news agency, Xia...

Panic selling of the U.S. dollar now underway as debt system implodes

4/28/2011 - (NaturalNews.com) To most Americans it's unthinkable that the U.S. dollar could someday be relegated to second-class status as a currency, but what they may not realize is that the transition is already underway. Reports this week marked the dollar's continued slide - it reached a 16-month low against...

Article updated with new message from the Health Ranger

4/13/2011 - The article which originally appeared here has been removed because it is no longer aligned with the science-based investigative mission of Natural News. In late 2013 / early 2014, Mike Adams (the Health Ranger), editor of Natural News, transitioned from outspoken activist to environmental scientist....

Amid global meltdowns, what is the half life of the U.S. government's fiscal solvency?

4/13/2011 - Thanks to the recent (and laughable) "largest annual spending cut in history" announced by Obama and Boehner, it is now abundantly evident that the U.S. government is headed toward a complete economic meltdown that will make Fukushima look chilly by comparison. While cesium-137 may have a half-life...

Last-minute budget deal narrowly avoids the Big Government shutdown America desperately needs to balance its budget

4/9/2011 - The difference between the Democrats and the Republicans is that the Democrats want to spend us into oblivion while the Republicans only want to spend us into purgatory. The idea of actually running a balanced budget has never seriously occurred to either party. Government, after all, increases its...

Six ways for the government to get out of debt (Opinion)

2/12/2011 - If you've never seen a real time look at the national dept, have a look: http://www.usdebtclock.org. It's mind boggling, but just because it's a massive problem, it doesn't mean there aren't solutions. In fact, massive problems just mean we need to implement the solutions aggressively. So, what are...

Vote NO for Congress - why Congress has failed the People on health care, debt and freedom

10/18/2010 - Ah, election season is upon us again, and the nation -- ever in dire need of some new disorder to treat with drugs -- is suffering from electile dysfunction. Nobody seems to know which political party or congressional candidates might lead us out of the national mess we're in today, with debt spiraling...

Thirty-six predictions for the world: 2010 - 2012

2/15/2010 - Ask around and you'll hear this over and over again: People are concerned about what might be coming. They're concerned about a global financial collapse, an ecological crisis and potential disruptions in the food supply. The radical weather patterns now being witnessed across the world are further...

Sick-care America now needs another $1.9 trillion increase in debt limit just to stay afloat

1/21/2010 - The US government is running out of money... again. So Democrats want to increase the debt limit by trillions of dollars... again. The newly requested debt limit increase is a jaw-dropping $1.9 trillion, which would put the total national debt at $14.3 trillion. These are more than just numbers on...

The New Mr. America: Bankrupt, Diseased and Running Out of Options

7/24/2009 - With a military rifle in one hand and a bottle of prescription medications in the other, the new "Mr. America" is over-fed, under-nourished, over-medicated, over-spent and "over there" (waging war in the Middle East). And soon, with Obama's new disease care reform proposals, America will find itself...

The Still Unsolved Problem of the Economy

2/16/2009 - This is not the first time a recession or a depression has occurred. It is an event that happens again and again, a recurring problem, which has yet to be solved. It is unlikely Congress will be able to solve this problem on its own. Senator Byron Dorgan recently admitted that Congress does not understand...

Ten Sobering Predictions About the Aftermath of the Economic Stimulus Bill

2/13/2009 - The Economic Stimulus bill passed the U.S. House of Representatives today, even after amassing a stunning 1,100 pages that no member actually voting on the bill has had time to read (http://www.youtube.com/watch?v=CvnwOjDjnH4). Is this the beginning of a new era of prosperity for America? Or is it...

Stimulus Package is Latest Battleground in War between Ron Paul and Big Government

2/11/2009 - A battle is on in the world of economics, a battle that can be symbolized as David vs. Goliath. It is the intellectual and tactical battle between big government and small government. Goliath is big government whether it is headed by George Bush or Barack Obama, the new president who promised change...

Economic Fallacies 101: Government Does Not Create More Jobs Through "Stimulus" Debt Spending

2/7/2009 - While Congress has passed an $800+ billion economic stimulus plan, almost everybody in America seems caught up in a common economic fallacy: The idea that Government can "create" jobs through debt spending. Government spending of debt money does not result in any net creation of jobs at all. It only...

U.S. Treasury Begins Final Blowout Phase as Fed Ramps up Inflationary Debt Purchases Using Fictitious Money

2/5/2009 - For those who haven't been paying much attention to the financial situation recently, the U.S. Treasury has just entered what I call the "final blowout phase" of debt desperation. As FT.com reports, the Treasury is set to auction off $67 billion in debt next week, to be followed by increasingly frequent...

The Federal Reserve Plan: Steal the Value of Your Money and Give It to Banks

12/24/2008 - The Federal Reserve has announced it is lowering the federal funds interest rate to between 0.00% and 0.25%. This means it will now be even easier for banks to create new money. When banks borrow money from the Federal Reserve, the Fed is not lending them money it has saved. The Fed is creating entirely...

Financial Debt Causes Real Physical Health Problems, Concludes Survey

11/30/2008 - The stress caused by debt is a major health risk linked to a variety of health problems, according to a recent survey conducted by Associated Press-AOL Health. Scientists have known for a long time that stress can be hard on the body, due to the effects of stress hormones designed to prime the body...

Washington is Powerless to Stop the Coming Economic Depression

11/14/2008 - The U.S. is in the grip of fear. People are so worried about the collapse of the economy that they've stopped going to the mall, and they're cutting every expense they can think of to save money for the hard times ahead. They've even stopped going to Starbucks. Bankers too have pulled their purse strings...

Bailout, or Blowout? Financial "Rescue" Plan Turns into Mad Spending Spree

10/3/2008 - As the United States of America stands on the verge of irrecoverable bankruptcy, U.S. Senators have decided to orchestrate a final "blowout" spending spree by dressing up the financial bailout plan with so much bloated pork that no lawmaker can resist its lure. The so-called "rescue plan" (renamed from...

Financial Bailout will Lead to Demise of the Dollar as Hyperinflation Saps Savings

9/27/2008 - This is an important analysis and update on the financial bailout situation. It was posted first to our Mindful Wealth Email List (see below). ANALYSIS and PREDICTIONS*: * See financial disclaimer at the end of this article... 1. The financial bailout will be approved Lawmakers are privately...

Among the Global Food Crisis, Spirulina May Help Stave Off Starvation

9/16/2008 - Most of us who have seen the Poseidon Adventure movie have seen what a rouge wave can do. Most seamen know of this rare hazard of the deep sea. What are unknown are simultaneous rouge waves - not much can be done against one, image several hitting your ship of life at the same time. Events are beginning...

Financial Hurricane Warning: How to Protect Yourself from the Global Financial Fallout Now Underway

9/16/2008 - This is a special financial alert for NaturalNews readers. For more than two years, I've warned readers to get out of the housing bubble, steer clear of speculative real estate, offload U.S. dollars and get out of debt. In articles published from 2005 - 2007, I warned of hyperinflation and the coming...

U.S. Government Plunging Further Into Debt at $1 Million a Minute

6/29/2008 - The U.S. government's national debt is growing by almost $1 million per minute, or $1.4 billion per day. Merely paying the interest on what this debt has become is anticipated to place an increasing strain on public programs. The debt has grown from $5.7 trillion in Jan. 2001, when President George...

The Forbidden Financial Topic: U.S. National Debt

4/2/2008 - As we wind our way towards an election between the numerous professional liars who have been put forward as candidates for U.S. President, it seems to be a great time to remind us all about the financial issue being routinely ignored by virtually everyone (except Ron Paul, of course, who was never really...

The Coming Financial Collapse of America (and Why Today's Market Bloodbath is Only a Small Taste of Things to Come...)

1/22/2008 - Americans have always been fond of the idea of getting rich without effort by putting their money in things that produce no profits and then magically being able to ride those investments, milking them for spending cash that supports a drunken spending lifestyle. From 1998 - 2001, that profit vehicle...

Big Brother U.S. Government Subpoenaed Amazon.com to Obtain Book Purchasing Records of Customers

12/8/2007 - Newly unsealed court records have revealed that the U.S. government issued a subpoena to Amazon.com seeking to obtain the identities of customers purchasing books through the Amazon marketplace. The snooping attempt was blocked by U.S. Magistrate Judge Stephen Crocker who wrote in a recently-unsealed...

Head of GAO warns America is headed for financial ruin; national debt will bankrupt U.S. economy

10/31/2006 - The comptroller general of the United States says the nation is on the path to financial ruin unless the American public tells Washington to change its ways. David M. Walker, head of the General Accountability Office, or GAO, is the nation's top federal accountant. With the voting season now in full...

Book review: Rome Wasn't Burnt In A Day by Joe Scarborough

12/29/2004 - Former Republican Congressman Joe Scarborough is one of those people who likes to tell the truth. That's probably why he's no longer a Congressman. Telling the truth doesn't get you very far in Washington, but playing ball with the big boys does, and playing ball means spending away America's future...

Credit card debt is often a result of costly food and grocery purchasing habits

5/28/2004 10:47:28 AM - Here's how to tell when you're too deep in credit card debt: if 15% or more of your monthly income goes to pay your credit card bills, you've triggered one of the many warning signs that your credit card debt is out of control. There are other triggers, too: paying the monthly payments on one...

Credit card debt is often a result of costly food and grocery purchasing habits

5/28/2004 10:17:29 AM - Here's how to tell when you're too deep in credit card debt: if 15% or more of your monthly income goes to pay your credit card bills, you've triggered one of the many warning signs that your credit card debt is out of control. There are other triggers, too: paying the monthly payments on one...

Credit card debt rises yet again, personal bankruptcy matches pattern of federal spending

1/9/2004 6:15:18 PM - Once again, credit card delinquencies have reached another peak. U.S. families are finding themselves deeper and deeper in personal debt, and yet they are encouraged to keep on spending to "help the economy." It's faulty logic: spiraling debt ultimately helps no one, but don't look to Washington...

Time to fix the debt problem at the national, state and household levels

11/10/2003 9:50:04 AM - It's a lot easier to attack the incumbant Governor than to straighten out a multi billon dollar budget mess. That's what Arnold is discovering right now, undoubtedly, as his efforts to bring California back to fiscal sanity face potentially fatal roadblocks. California has the same problem that the...

Some debt counseling non-profits are just looking to make a buck

11/9/2003 10:40:10 AM - Helping people with bad credit is a booming business. There's a lot of money to be made helping people get out of debt. And where there's profit to be had, con artists are inevitably going to get involved and try to tap into the stream of cash flowing from consumers to companies. As this story shows,...

As Consumers Dive Deeper Into Credit Card Debt, Banks Rake In Profits

10/21/2003 11:16:20 AM - When you try to open an account at Wells Fargo, they work up a customer "profile" and try to figure out how to sell you every financial instrument under the sun, from company loans and house loans to higher fee checking accounts. And that's all before they take your fingerprint, which is now apparently...

Personal Debt Out Of Control; U.S. Economy Awash in Debt

10/13/2003 4:02:47 PM - This story by Justin Lahart nails the issue with the kind of reporting that's both uncommon and courageous. Ringing the alarm bells on the U.S. economy is, well, unpopular. But Lahart is quite correct. He describes the debt bubble as potentially dwarfing the stock market bubble of 2000. Personal...

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