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Is the global debt of over $300 trillion really a problem? And does debt for the global economy work in a different way from debt on an individual level? In this video we’ll explain who holds all the debt that countries and businesses owe, and whether this will be a big problem in the near future.

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#debt #millennial #studentdebt

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The United States is in the middle of the biggest debt bubble in history. In the past year, the U.S. national debt has surpassed the 30 trillion dollar mark, and now America has become the most indebted nation on the entire planet. But most people don’t even realize how this gigantic debt load can jeopardize our economic system.
If things don’t go exactly as we plan, and the U.S. loses its dominant position as the world’s wealthiest country, we will be forced to start paying off the enormous debt we accumulated. It goes without saying that we simply do not have that kind of money. This is leaving our country in an extremely fragile position relative to the rest of the world, particularly considering that many other countries hold our debt in the form of Treasury-backed securities.
Thirty years ago, the U.S. was already experiencing a horrific debt crisis, and our monetary decay was getting out of control. If only we had persisted in trying to solve that crisis during that period, then today things wouldn’t be so bad. If we had dealt with it before it became this big, then maybe we could have done things differently. But now, the national debt is 15 times larger than it was a decade ago, and we’re still adding more than a trillion dollars to that pile every single year.
In other words, all of this sense of prosperity we created is based on an illusion. It’s a false prosperity that has been bought by the biggest mountain of debt the world has ever seen. In fact, as if we weren’t in enough trouble already, Congress is planning to pass another 1.4 trillion dollar bill this year. Did you know that if you added up all forms of debt in the United States and divided it up equally every single family in the country would owe nearly $700,000? We must face the fact that we are a part of a nation that is absolutely addicted to debt, and the U.S. debt crisis is threatening to destroy the nation built by our forefathers.
We simply cannot fix this debt bubble under the current monetary system. What we are doing to the future of our children and our grandchildren is completely devastating. We are literally stealing from future generations. Conditions are rapidly shifting in our country, and a massive amount of financial pain is on the horizon. Now, more than ever, it is time for Americans to wake up, and take action while they still can. It is time for Americans to get extremely angry. Our future has been destroyed and the future of the next generations has also been destroyed. Enjoy this false sense of prosperity while you still can, because it is not going to last for much longer. Debt is a very cruel master, and our day of reckoning is right on the corner.
Today, we decided to compile some shocking figures that expose just how alarming the U.S. debt bubble really is.

For more info, find us on: https://www.epiceconomist.com/
And visit: http://theeconomiccollapseblog.com/

Saving her can land him in a hangman’s noose at low tide in Charles Town Harbor. Repaying her debt to him will consign her to a life worse than death.

When confronted with a forced marriage, Travay Allston flees her stepfather’s Jamaica plantation and dives into the sea. Death would be preferable to life with Sir Roger Poole, a drinking, gambling, scoundrel whose advances make her skin crawl.

Lucas sails the high seas as the dreaded Captain Bloodstone. He is on a quest to find his mother, a woman last seen clapped in irons by the Spanish. As his ship slips past Jamaica, he spies a young woman plunge into the sea. A prize of such beauty must be saved and Lucas dives in to rescue her. The last thing Lucas needs is to get involved with Travay, a childhood friend who caused him nothing but trouble. Especially now that she’s become a stubborn, alluring young woman.

Lucas delivers Travay to her aunt in Charles Town and washes his hands of the affair. Or so he thinks. But when Sir Roger shows up demanding that Travay marry him or face the wrath of Charles Town’s newest council member, Lucas feels that familiar boyhood tug on his heart. Will this wanted pirate of the crown risk his life to save Travay a second time? Betrothed to a man she hates, will Travay repay her debt to a pirate by marrying Sir Roger in exchange for his promise to pardon Lucas? And if she does, will such a rascal keep his word? Falling in love with the pirate was never part of her plan …

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More than a million American families now file for federal bankruptcy annually, and many more are perilously close to financial disaster. In this important analysis of hard-pressed families, recently featured in articles in Newsweek, Forbes, Chronicle of Higher Education, and the New York Times, the authors discover that financial stability for many middle-class Americans is all too fragile. The authors consider the changing cultural and economic factors that threaten financial security and what they imply for the future vitality of the middle class.

Suze Orman gives excellent tips on how to settle up with credit card companies. Ms. Orman is NOT affiliated with Eltman, Eltman and Cooper – she works as a financial broadcaster for CNBC (and as a best-selling author) – but we thought her advice here was helpful, so we uploaded the video to our channel. For more tips on how to get out of debt, check out our Eltman Eltman and Cooper main site, http://www.eltmanlaw.com. Thanks!

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