Modern (Mis)interpretations of Clean Slates
Why were Clean Slates so important to Bronze Age societies? From the third millennium in Mesopotamia, people were aware that debt pressures, if left to accumulate unchecked, would distort normal…
Debt Crisis
How Effective Is International Aid and Assistance?
On February 1, 2024, Ukraine secured a €50 billion aid package from the European Union (EU), aimed at bolstering its defense capabilities and facilitating the country’s reconstruction. Dozens of other…
U.S. Debt Interest Bill Tops $1 Trillion A Year
A Bloomberg report said this week: U.S. interest payments on its national debt are estimated to have surged above $1 trillion on an annualized basis as of the end of…
Global Debt Increases To Near-Record Highs – $305 Trillion
The global debt increased by $8.3 trillion in the first quarter of the year to a near-record high of $305 trillion amid an aggressive tightening of monetary policy by central…
Humanity Faces Converging Debt Crises
High levels of global debt are likely to turn what could be a controllable shift from expansion to contraction into a blowout of unfulfilled expectations and obligations, leading to widespread…
Developing countries debt crisis – Chinese or Western trap?
As rich countries switch on their firefighting mode to tame soaring inflation, developing countries are feeling the heat. Higher interest rates mean increased debt servicing costs. Hawkish interest rate hikes…
International Debt: A Tale of Two Stories
The International Debt Statistics (2022) published by the World Bank has revealed that the external debt of 123 low- and middle-income countries have increased on average 5.6 percent to $8.7…
Global Debt Leaps to $226 Trillion, reports IMF
The global debt has jumped to a new high of $226 trillion, said the International Monetary Fund (IMF) on October 13, 2021. As reason of this leap in global debt, the IMF has cited…
Don’t Buy The “National Deficit/Debt” Scam That Steals From Working People
For decades the politicians have refused to tax the rich, the corporations and the banks. They choose instead to borrow to run the government. They borrow money from the rich,…
What Has Gone Wrong With Oil Prices, Debt, And GDP Growth?
Our economy is a mystery to almost everyone, including economists. Let me explain the way I see the situation: (1) The big thing that pulls the economy forward is the…
Why Energy Prices Are Ultimately Headed Lower; What The IMF Missed
We have been hearing a great deal about IMF concerns recently, after the release of itsOctober 2016 World Economic Outlook and its Annual Meeting October 7-9. The concerns mentioned include the…
IMF Warns Of Record High Global Debt
Eight years after the eruption of the global financial crisis, the conditions are being created for another meltdown of even bigger proportions, amid rising geo-political and economic tensions between the…
How Our Energy Problem Leads To A Debt Collapse Problem
Usually, we don’t stop to think about how the whole economy works together. A major reason is that we have been lacking data to see long-term relationships. In this post,…
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