Swine Flu UpatesThe total debt of the United States is approaching 120% of our GDP when you combine the debt of the US Federal Government, the States and local governments, and this NEW debt we have taken on in the form of Freddie Mac, Fannie Mae and AIG.
Historically, no economy can grow quickly if at all when their debt is 90% or more of GDP. Historically, no government or economy can survive when it actually hits 120%.
This Time is Different helps explain what has happened, what is going on, where we are...
Greek depositors withdrew EUR700 million ($898 million) from local banks Monday, the country's president said, as he warned that the situation facing Greece's lenders was very difficult.Analysis
It is called a run on the banks and it has happened before in history. This has been coming for many months.
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It includes the collectors’ dirtiest tricks and your most important secret weapons as a debtor. For those contemplating bankruptcy there is a chapter that provides a framework for making that decsion,...