Thursday, September 29, 2016

The Truth

Exposing The Truth One Story At A Time…

The Greatest Debt Crisis The World Has Ever Seen Is Coming

September 17, 2013 Michael Snyder Debt, Debt Crisis, Debt Levels, Debt Spiral, Economic Crisis, Get Debt, In So Much Debt, Michael T. Snyder, Mountain Of Debt, Red Ink, So Much Debt

The largest mountain of debt in the history of the world just continues to grow even larger, and everyone knows that this colossal debt spiral is not going to end well. But we all keep playing along because nobody wants the party to end. Right now, there is an unprecedented ocean of red ink covering the planet. Globally, governments have never been in so much debt, corporations have never been in so much debt and (Read More...)

Financial

Will The Chinese Renminbi Replace The U.S. Dollar As The Primary Reserve Currency Of The World?

October 5, 2012 Michael Snyder China, Chinese, Currency, Global Trade, Other Currencies, Renminbi, Reserve Currency, The Existing Financial Order, The U.S. Dollar, U.S. Dollars

Most Americans have no idea what a tremendous advantage the United States possesses by having the primary reserve currency of the world, and most Americans also have no idea (Read More...)

Economy Financial

77 Percent Of All Americans Live Paycheck To Paycheck At Least Part Of The Time

August 17, 2012 Michael Snyder Debt, Disaster, Economic Crisis, Economic Success, Emergency, Financial Cushions, Foreclosures, Get Into Debt, Into Debt, Jobs, Mortgages, Our Economy, Pay Their Mortgages, Paycheck, Recession

If a major economic crisis hit us right now, the vast majority of Americans would be extremely vulnerable. According to a recent CareerBuilder survey, 40 percent of all (Read More...)

Europe Financial

10 Signs That The 8th Largest Economy In The World Is Being Overwhelmed By A Tsunami Of Debt

August 14, 2012 Michael Snyder Bailout, Debt, Economic Growth, Economy, Italian, Italian Economy, Italy, Of Debt, Spain

Guess who is going to need a bailout right after Spain? The Italian economy is the 8th largest economy on the entire planet and right now it is being absolutely overwhelmed by a (Read More...)