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Tuesday, October 17, 2017

3 results for 'national debt'

What a Loan Officer Would Say to the U.S. Government

By michael lombardi, published on Apr 1, 2014

...(which began in October of 2013), the U.S. government has incurred a budget deficit of $380 billion on revenues of $1.10 trillion and expenses of $1.48 trillion. Since the beginning of its current fiscal year, the government has been spending 34% more than what it takes in.

The U.S. national debt, which has now surpassed $17.0 trillion, has skyrocketed since the Credit Crisis of 2008.

There are two important facts about our rising national debt that don’t get a lot of mainstream attention (and I certainly don’t hear the politicians talking about them):

Point #1:... (more)

Tags: china, japan, interest rates, credit crisis, federal reserve, national debt, gdp, budget deficit, 10-year u.s. treasury, u.s. bonds, u.s. treasuries

These Two Charts Tell a Golden Story for Investors

By michael lombardi, published on Sep 17, 2013

...actions of the central banks, in buying more gold bullion and getting away from the U.S. dollar as their reserve currency, speaks louder than words—and the two charts above just give me more ammunition to be bullish on gold bullion.

Michael’s Personal Notes:

The U.S. national debt has increased significantly over the last few years, especially after the credit crisis struck the U.S. economy.

To stop the economy from totally collapsing, the U.S. government incurred several trillion-dollar budget deficits in a row as it spent to revive the economy. As yearly... (more)

Tags: japan, interest rates, national debt, u.s. economy, budget deficits, central banks, consumer spending, gdp, global economy, gold bullion, gold bullion prices, u.s. dollar

Nothing is Free

By Randy Mitchell, published on Aug 28, 2012

Do you recognize the image to the side? If you’re like a surprising number of Americans, you don’t.

It’s our national debt clock, quickly spinning toward the out-of-control figure of sixteen trillion dollars. That’s sixteen trillion dollars—in other words, sixteen thousand billion George Washington’s! An astonishing number and one that’s simply in-comprehendible by people like me. It represents the sins of both, Republican and Democratic managers who are responsible for putting our country in such a predicament, severely hurting our economic power among the world as a financial leader.... (more)

Tags: obama, politics, debt, randy mitchell, 2012 election, national debt, individual debt, social entitlements

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