debt

Bubble of the global debt

28.10.2019

From where does the financial bubble come? Permanent resale of $ 100 bills in the economy turns into thousands, millions, even billions. And the more people earn money and put in the bank, the more the bank can create new loans. Money in the economy is inceasing more and more. Total debt is increasing. The financial bubble is inflating.

Chinese Agency lowered the US sovereign credit rating

25.01.2018

Chinese credit agency Dagong has lowered the United States’ sovereign credit rating. Slapping it down from A- to BBB+, placing the US on a negative outlook. This rating is now on par with those of Peru, Colombia and Turkmenistan.

Eurasia can find a way to get rid of the Dollar

Mike Poresky/flickr.com
17.03.2017

The most optimistic development on the world stage that I have seen in decades is what's coming out of Eurasia, especially out of China and the Eurasian Economic Union, led by Russia and other countries, that is to build a grid.