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Tag: Sovereign Debt Crisis

China Continues to Offload US Treasuries

China has been offloading its US Treasury holdings for years. Once the top holder of US debt, China cut its US Treasury holdings for the third consecutive month...

CBDC Anti-Surveillance State Act and the CLARITY Act

I just signed the landmark legislation passed today by House Republicans to strengthen American crypto innovation. The CLARITY Act, GENIUS Act, and Anti-CBDC...

EU Proposed €2 Trillion Defense and Climate Budget – Another Crack in the Bloc

The European Union has just proposed a staggering €2 trillion budget over seven years, with a major focus on military defense spending. Once again, Brussels is...

Bessent Disagrees on US Credit Downgrade

US Treasury Secretary Scott Bessent rebuked Moody’s lowered rating of US credit from AAA to AA1. “First of all, I think that Moody’s is a lagging...

CBO Issues Dire Forecast for US Debt

The US Congressional Budget Office is warning that the federal deficit has hit a point of no return. It is far too late to cut wasteful government spending....

Global Debt Reaches 326% of GDP

Total global debt has peaked to 326% of global GDP, adding an additional $12 trillion of debt in the last three quarters of 2024, according to the Institute of...

A Return to Gold is NOT the Solution

A lot of people are fixed on what money is and presume somehow that a return to precious metals will solve the problem. Precious metals are for personal use. They...

Undermining the Debt Creates Recessions and Depressions

Many mistakenly look to the stock market as the leading indication of economic security. The true culprit is the DEBT market, not the stock market, that leads to...

The Economic Decline of Europe With Rising Interest Rates?

I have returned from a two-week tour of Europe covering the UK, Germany, and Italy. Europe is in dire straights. I have stayed on the Via Veneto since my parents...

British MoD Allegedly Hacked by China on May 7

The Ministry of Defence (MoD) announced on May 7 that they were targeted by hackers. The initial announcement did not state who was responsible, but Sky News...