Harvard professor and prolific author Niall Ferguson opened the 2010 Aspen Ideas Festival Monday with a stark warning about the increasing prospect of the American “empire” suddenly collapsing due to the country’s rising debt level.
Read more »Historian warns of sudden collapse of American ‘empire’
http://www.aspendailynews.com –
Moody’s warns US of credit rating fears
http://www.ft.com –
Moody’s Investors Service fired off a warning on Wednesday that the triple A sovereign credit rating of the US would come under pressure unless economic growth was more robust than expected or tougher actions were taken to tackle the country’s budget deficit.
Read more »It Is Now Mathematically Impossible To Pay Off The U.S. National Debt
http://theeconomiccollapseblog.com –
A lot of people are very upset about the rapidly increasing U.S. national debt these days and they are demanding a solution.
Read more »
Category: Signs Tags:
China has 'canceled US credit card': lawmaker
http://rawstory.com –
China, wary of the troubled US economy, has already "canceled America's credit card" by cutting down purchases of debt, a US congressman said Thursday.
Read more »Clinton wraps Asia trip by asking China to buy US debt
http://www.breitbart.com –
US Secretary of State Hillary Clinton Sunday urged China to keep buying US debt as she wrapped up her first overseas trip, during which she agreed to work closely with Beijing on the financial crisis.
Read more »U.S. Treasury Begins Final Blowout Phase.....
http://www.naturalnews.com –
(NaturalNews) For those who haven't been paying much attention to the financial situation recently, the U.S. Treasury has just entered what I call the "final blowout phase" of debt desperation.
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