Debt Crisis of United States of America 2011 Explained in a Simplified Way

meet Uncle Sam he has a lot of bills to pay almost four trillion dollars worth every year Uncle Sam’s income is a little over two trillion dollars per year to make up the difference the deficit he does what most Americans do he borrows money, When uncle sam picks up a loan he calls […]

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How Chinese Debt & Business in China Have Evolved (w/ Fraser Howie)

FRASER HOWIE: My name’s Fraser Howie. I’m an independent analyst on China. And author of a number of books on the Chinese financial system, in particular, Red Capitalism, and then before that, Privatizing China. So I’ve been in Asia for about 25 years, primarily working in the financial sector– Hong Kong, Beijing, Hong Kong, again, […]

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UK Household Debt has Reached Unsustainable Levels

G. Wilpert: Welcome to the Real News Network. I’m Gregory Wilpert joining you from Quito, Ecuador. UK households are spending more than their income at an unprecedented rate. Record-busting levels of privately held debt are also accompanied with stagnant or even falling real wages in the UK. The situation is so bad that members of […]

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Understanding the National Debt and Budget Deficit

Good morning Hank, it’s Tuesday. So, one of the biggest issues in global politics these days is government debt and deficits, which is a particularly big deal in the United States because of the Presidential campaign and also because of the looming fiscal cliff. And Hank, as you’ll no doubt remember, I received a bronze […]

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What Will Cause The Next Recession – Mark Zandi Says Corporate Debt

2020 is the day of reckoning. If there is a day of reckoning that’s when the economic expansion will end and a recession will ensue. No recession in 2019. In large part because we do have more fiscal stimulus in 2019 it’s mostly deficit financed increases in government spending and that allowed a lot to […]

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