Tag: economic collapse

How Can the US Keep a Trillion Dollar Debt?

If you look at countries with the most debt compared to their GDP the USA is not top of the list, and we could say that’s a good thing for the country. That’s because when it seems that a country is unable to pay the money back it could lead to panic and hamper economic […]

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Is the National Debt a National Disaster?

As many of you know, the national debt is now well over $21 trillion. And again, we’re now getting confirmation from Secretary of the Treasury, Steve Mnuchin as he testifies on the annual report of the financial stability oversight council, before the House Financial Services Committee in Rayburn House Office Building on Capitol Hill on […]

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What Would Happen If USA Stopped Paying Its Debt?

The United States has more than $21 trillion in national debt. Let’s try and get our heads around just how much money that is. Firstly, what’s a trillion? A trillion is 1 thousand billion, or 1 followed by 12 zeros. That’s a big number, so let’s break it down. If we assume you are a […]

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