Tag Archive | "Debt Crisis"

Ways to Solve The National Debt – Donation?

All this debate about the government shutdown and the debt ceiling recently, I decided to write an entertaining alternative on how to solve the US National debt problem. Why don’t we donate money to pay it off? In the fiscal year 2012, the US Treasury received $7,749,618.27 in donations from people wanting to pay down […]

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Posted in Economic Crisis, Featured, US Dollar CollapseComments (0)

Guest Post: If Obama Can Just Create A Trillion Dollar Coin, Then Why Do We Have To Pay Taxes?

Authored by Michael, originally posted at Economic Collapse blog, If Barack Obama can “solve” the debt ceiling crisis by printing up some trillion dollar coins, then why does the federal government need our money?  As another debt ceiling showdown approaches, many in the liberal media are suggesting that if Congress does not raise the debt […]

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Posted in Community Submitted News, US Dollar CollapseComments (2)

Canada’s Housing Bubble – Has Cooled but When Will it Crash?

Recent Canadian real estate data shows that the housing market has cooled; however, the much needed correction of valuation is far from over. Overall the housing correction was felt the most in Calgary; cities less affected were Regina and Montreal. Take a look below for average price statistics: Canada’s Housing Price Statistics Besides Calgary, the decline […]

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Posted in Housing BubbleComments (3)

Self Issued Credit

Self-Issued Credit

During the Middle Ages, the gold supply entering into the market was very limited. For instance, as most of the gold mined was used for the Church or State. This caused money to grow at very slow pace and this restrained economic activity from going beyond its threshold. People had products or services for exchange, […]

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Posted in US Dollar CollapseComments (3)

Why Does a Trade Deficit Weaken the Currency and Make the Country Poor?

Currently, the US economy consists of approximately 77% services, which contributes to major imbalances to their economic system and not to mention a massif trade deficit (imports exceeds exports ). The picture below depicts dark countries with trade deficits and greener countries with trade surpluses. The US trade deficit was over 550 Billion in 2011, […]

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Posted in Gold and Silver, US Dollar CollapseComments (0)


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