This brings me to the fourth step in our strategy: mobilizing trillions in investment into emerging economies—with solutions that those countries are fashioning on their own, but with capital enabled by a different brand of U.S. diplomacy. We’ve launched a major effort to evolve the multilate...
"You can't just spend trillions of dollars more than you have in revenue every year and expect no ill consequences."The spike in the national debt follows a burst of spending by President Biden and Democratic lawmakers. As of September 2022, Biden had already approved roughly $4.8 trillion...
Japan owned $1.08 trillion in U.S. Treasurys in November 2022, making it the largest foreign holder of the national debt. The second-largest holder is China, which owned $870 billion of U.S. debt. Both Japan and China want to keep the value of the dollar higher than the value of th...
Recently, the U.S. government's monetary policy has been disastrous. Seeking "short-term kicks" as opposed to long-term gains, politicians overheated the money supply by pumping trillions of dollars into the economy in a bid to force restart spending, which triggered a tidal wave of inflation...
The Incredibly Spiking US National Debt has soared by $3.75 trillion since March 1, powered by stimulus and bailouts, and by $4.2 trillion over the past 12 months, to $27.3 trillion, after having already spiked by $1.4 trillion in the final 12...
Republicans like to present themselves as "fiscal conservatives", but their leading presidential candidate for 2024, Donald Trump, the self-proclaimed "king of debt", added more trillions to the national debt in one term than other presidents added in two. Democrats are no better, however, cling...
Republicans like to present themselves as "fiscal conservatives", but their leading presidential candidate for 2024, Donald Trump, the self-proclaimed "king of debt", added more trillions to the national debt in one term than other presidents added in two. Democrats are no better, however, cling...
has accrued tens of trillions of dollars in debt, almost all of it in recent decades. The CBO said in its latest report that it projects the gross federal debt will grow by $19.6 trillion by the end of 2033. In turn, Congress regularly passes a measure that allows the U.S. Treasury ...
although his promulgated information is quite ugly, embarrassing, and steeped in both controversy and corruption. Perkins describes the role of an Economic Hit Men as follows:"Economic hit men (EHMs) are highly paid professionals who cheat countries around the globe out of trillions of dollars. ...
Those countries are by far the biggest foreign holders, but dozens of other nations, including Brazil, Russia, Taiwan, Switzerland and the United Kingdom hold trillions more. Inside the U.S., private investors hold nearly $1 trillion in federal debt, while mutual funds, insurance companies and...