All posts in " Sovereign Debt Crisis "

Are States & Provinces Destined to Default by 2034?

April 2, 2025

You have to wonder why we have the most incompetent people in government, perhaps in history. While there is not a single leader in Europe who I would even want to have a drink with or shake hands, we see the same on the LEFT in the United States. No matter how often they want […]

CBO Issues Dire Forecast for US Debt

March 31, 2025

The US Congressional Budget Office is warning that the federal deficit has hit a point of no return. It is far too late to cut wasteful government spending. Politicians have kicked the can down the road for far too long and left us with a financial system held up through perpetual borrowing that cannot be […]

The Great Migration Fleeing California & New York

February 13, 2025

The two states that are attracting the most investment capital and migration from the notorious Blue States of California and New York are none other that the two states without income taxes – Texas for computers and Florida for finance. Trump’s announcement of his intention to transform the US into “the world capital of artificial […]

Global Debt Reaches 326% of GDP

January 30, 2025

Total global debt has peaked to 326% of global GDP, adding an additional $12 trillion of debt in the last three quarters of 2024, according to the Institute of International Finance. This figure surpasses what we saw amid the pandemic and is expected to continually rise and governments continue to borrow with no intention of […]

When the US Government Defaulted on its Bonds

December 26, 2024

The first three Liberty bonds and the Victory Loan, sold to fund World War I, were indeed retired during the 1920s. However, because the terms of the bonds included a Ponzi Scheme that allowed the bondholder to swap them for the newer bonds, with superior terms, most of the debt from the first, second, and […]

PRIVATE BLOG – Can Bitcoin Crash 50%?

December 19, 2024

PRIVATE BLOG – Can Bitcoin Crash 50%? Private blog posts are exclusively available to Socrates subscribers. To sign-up for Socrates or to learn more, please visit Ask-Socrates.com. https://ask-socrates.com/

A Return to Gold is NOT the Solution

December 18, 2024

A lot of people are fixed on what money is and presume somehow that a return to precious metals will solve the problem. Precious metals are for personal use. They have never prevented any society from systemic economic collapse. Do not confuse hoarding gold to preserve wealth with a gold standard. We had one with […]

Undermining the Debt Creates Recessions and Depressions

December 11, 2024

Many mistakenly look to the stock market as the leading indication of economic security. The true culprit is the DEBT market, not the stock market, that leads to depressions and recessions. A recession, in comparison to a depression, is merely a minor impact that could be isolated to one nation. Unemployment will typically rise up […]

Biden Blames Trump for his $1.8 Trillion Deficit – What Propaganda

October 22, 2024

I am sick and tired of all the constant lies. The Biden Administration blames Trump for its $1.8 trillion deficit. The interest expenditures will be about $1 trillion alone. Now, if you just accept that at face value, you are part of the problem when the United States will crash and burn. This makes it […]

The First Soveregn Default of the United States on the Military

August 29, 2024

QUESTION: I had an argument with my son that what they teach in school is never the truth, not even about history. I was trying to find that writing you did years ago that the GI Bill was enacted only because they defaulted on the soldiers twice before. If I remember correctly, I think you […]

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