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America’s Runaway Debt Scenario: $1,000,000,000,000 In Interest | ZeroHedge

Authored by Petr Svab via The Epoch Times (emphasis ours),

The U.S. federal government has borrowed so much money that, over the past year, it has had to spend one-fifth of all the money it collected just on debt interest—which came to almost $880 billion.

(Illustration by The Epoch Times, Getty Images, Shutterstock)

Americans paid some $450 billion less in income taxes for the year, trapping the government in the pincers of a fiscal crunch.

The country teeters on the brink (more…)

Continue ReadingAmerica’s Runaway Debt Scenario: $1,000,000,000,000 In Interest | ZeroHedge
Read more about the article These Are The Countries With The Highest Inflation Rates | ZeroHedge

These Are The Countries With The Highest Inflation Rates | ZeroHedge

Venezuela is the country with the highest inflation in the world, with an increase in consumer prices estimated at 360 percent in 2023, according to the latest figures from the International Monetary Fund (IMF), published in October.

This is the tenth consecutive year that the inflation rate in Venezuela is one of the highest on the planet, although it is significantly lower than in 2018, when it reached an astronomical value of 65,000 percent.

You will find more (more…)

Continue ReadingThese Are The Countries With The Highest Inflation Rates | ZeroHedge

In “Significant Shift” To Bailing Out Its Sinking Property Sector, China Puts Largest Developer On Rescue “White List” | ZeroHedge

In a move which analysts say marks a "significant shift" in Beijing's strategy to assist distressed builders and boost confidence in China's sinking housing sector amid the deepening property crisis, overnight Beijing included property giants Country Garden Holdings (whose collapse would be orders of magnitude worse than that of Evergrande) and Sino-Ocean Group to China's draft list of 50 developers eligible for a range of financing support which we profiled earlier (more…)

Continue ReadingIn “Significant Shift” To Bailing Out Its Sinking Property Sector, China Puts Largest Developer On Rescue “White List” | ZeroHedge