This is such an obvious question. Yet how many people on CNBC or MSNBC have ever answered it for you? You are left to assume that the US is such an incredibly efficient and hard working nation, that everyone trusts us to pay that debt off at some point in the future…. Right? Anyone? Bueller? (Ferris Beuhler’s Day Off reference for our non-US readers).

with Robert F. Denner.

Hello CollapseNet. I am proud to announce that I am a new commentator on matters of finance, economics and monetary systems. I feel very lucky to be given this opportunity and I will do my level best to make it relevant and worthy of a spot on these pages.

The current global social and economic collapse we are witnessing right now was accurately predicted by MCR in April of 2011.  In this video he provides further analysis on the current accelerated unraveling of the global economic paradigm.

Under the new proposal, if the new legislative body, made up of six Democrats and six Republicans from both chambers, doesn't come up with a bill that cuts at least $1.5 trillion by Thanksgiving, entitlement programs will automatically be slashed.

Rebecca Brooks News International CEO Arrested Over Phone Hacking Scandal