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Mike Pence, former vice president of the United States, joins ‘Squawk Box’ to discuss Pence’s thoughts on the debt ceiling debate, how Pence considers entitlements and more. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi 

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Global debt surged to a record $226 trillion last year. This is the largest one-year surge since World War II. Can this trigger the next financial crisis? Palki Sharma tells you about the risks.

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Current debates about economic crises typically focus on the role that public debt and debt-fueled public spending play in economic growth. This illuminating and provocative work shows that it is the rapid expansion of private rather than public debt that constrains growth and sparks economic calamities like the financial crisis of 2008.

Relying on the findings of a team of economists, credit expert Richard Vague argues that the Great Depression of the 1930s, the economic collapse of the past decade, and many other sharp downturns around the world were all preceded by a spike in privately held debt. Vague presents an algorithm for predicting crises and argues that China may soon face disaster. Since American debt levels have not declined significantly since 2008, Vague believes that economic growth in the United States will suffer unless banks embrace a policy of debt restructuring.

All informed citizens, but especially those interested in economic policy and history, will want to contend with Vague’s distressing arguments and evidence.

From the authors who accurately predicted the bursting of the global bubble economy comes the definitive look at what lies ahead in 2013 and beyond

Written by the market oracles who predicted, with uncanny accuracy, the global financial meltdown and the economic chain reaction it set in motion, Aftershock offers a vivid picture of what to expect when the world’s bubble economy inevitably pops. More importantly, it tells you how to protect your assets before and during the coming Aftershock and how to capitalize on the new opportunities that others will miss.

Building on the valuable insights and proven predictions of their previous books, the authors of Aftershock, Third Edition offer their latest thinking and advice as the economy moves even closer to the coming aftershock. Explains why and how the stock market, real estate, consumer spending, private debt, dollar, and government debt bubbles will burst, driving up unemployment, devaluing the dollar, and causing deep recession around the globe Updated to include the latest developments, such as new coverage of monetary stimulus and a more global focus (with special attention to Europe and China)Offers new actionable insights about protection and profits in an increasingly confusing investment environment

In The Gift of Freedom, Mimi Thi Nguyen develops a new understanding of contemporary United States empire and its self-interested claims to provide for others the advantage of human freedom. Bringing together critiques of liberalism with postcolonial approaches to the modern cartography of progress, Nguyen proposes “the gift of freedom” as the name for those forces that avow to reverence aliveness and beauty, and to govern an enlightened humanity, while producing new subjects and actions—such as a grateful refugee, or enduring war—in an age of liberal empire. From the Cold War to the global war on terror, the United States simultaneously promises the gift of freedom through war and violence and administers the debt that follows. Focusing here on the figure of the Vietnamese refugee as the twice-over target of the gift of freedom—first through war, second through refuge—Nguyen suggests that the imposition of debt precludes the subjects of freedom from escaping those colonial histories that deemed them “unfree.” To receive the gift of freedom then is to be indebted to empire, perhaps without end.