The US may finally go bust

Within the next 12 months, the US Treasury will have to refinance $2 trillion in short-term debt. Additional deficit spending is estimated to be around $1.5 trillion. That means the Treasury will have to borrow $3.5 trillion in only one year. That amount is equal to nearly 30% of the entire US GDP.

Read Article…
 

User

COMMENTS

Shadi Katyal

7 years ago

We have many such dooms day writers and India for one like to hear about it. Unfortunately one forgets that it is the econmic power and honesty of a nation which gets credit.The writer should first read the development of US and how money was poured and still this nation can go out and get as much credit it needs. Why??? Because China may become numero uno as economic power but without help of US Consumers, China suffers.
The writer should also tell us what is the GDP percentage of this amount and why has USA been able to borrow from all over the world without loosing her credit ratings.
We have been reading such articles ever since country got in trouble.

China Bubble Will Pop and US Is Doomed: Marc Faber

China could see an end to its bubble from too much debt, but it will probably not occur in the near term. However, huge rising debt and interest will affect the United States in the next five to 10 years.

Read Article…
 

User

COMMENTS

Shadi Katyal

7 years ago

I like the name of magazine DOOM and GLOOM and what would you expect but negativity.
Let us assume what this article says but where would the funds be invested if withdrawn from present investment in notes,bonds etc. How will there be any return on such funds lying in banks etc.
One forgets that USA even with all the difficulties and unemployment is still way ahead in technologies and thus can continue to prosper maybe on lwoer rate.
It is shame that when things are tough there are more gloom and doom sayers.

A date with history

When the French invented the metric system in 1795, two years after they changed the calendar, they decimalised everything except time. What if they had not?

Read Article…
 

User

We are listening!

Solve the equation and enter in the Captcha field.
  Loading...
Close

To continue


Please
Sign Up or Sign In
with

Email
Close

To continue


Please
Sign Up or Sign In
with

Email

BUY NOW

The Scam
24 Year Of The Scam: The Perennial Bestseller, reads like a Thriller!
Moneylife Magazine
Fiercely independent and pro-consumer information on personal finance
Stockletters in 3 Flavours
Outstanding research that beats mutual funds year after year
MAS: Complete Online Financial Advisory
(Includes Moneylife Magazine and Lion Stockletter)