Why Greece will never repay its debt

<div dir="ltr" style="text-align: left;" trbidi="on"> <div class="group-container " style="background-color: white; color: #424858; font-family: 'Gotham Narrow SSm 4r', Arial; font-size: 16px; line-height: 24px; width: 530px;"> <div class="group" itemprop="articleBody" style="overflow: hidden;"> <div style="margin-bottom: 18px; padding: 0px;"> European officials should accept that Greece may never repay its $366 billion debt, analysts told CNBC, even if the troubled economy secures a bailout extension.</div> <div style="margin-bottom: 18px; padding: 0px;"> Greek debt is not repayable in this life, Kingsley Jones, founder and CIO of Jevons Global, told CNBC on Monday: "We have to be realistic here. Greek debt is now 175 percent of gross domestic product (GDP); it's higher than it was when this whole business first started."</div> <div style="margin-bottom: 18px; padding: 0px;"> "Just look at Japan. It has government debt rapidly approaching 300 percent of GDP. One day, that debt pile simply implodes. It is not ever going to be repaid, nor will the Greek debt. There is no use standing on the high moral ground," Jones said.</div> <div style="margin-bottom: 18px; padding: 0px;"> Athens' current bailout program with European creditors requires Greece to reduce its debt to below 110 percent of GDP by 2022. The program was <a href="http://www.cnbc.com/id/102445259" style="color: #2d648a; font-family: 'Gotham Narrow SSm 5r'; outline: none; text-decoration: none;" target="_self">extended for another four months in a last-minute deal on Friday</a>, failing to meet ruling party Syriza's request for an official haircut, or reduction, on outstanding debt – a promise that brought the leftist party to power last year. However, final confirmation of Friday's bailout extension hinges on the list of reforms Prime Minister Alexis Tsipras submits on Monday.</div> <div style="margin-bottom: 18px; padding: 0px;"> "The terms of the current agreement pretty much require Greece to attempt to run a primary budget surplus over 4 percent for well over a decade...No country with an unhealthy economy has ever managed to do that. So, we think that the current terms that are required of Greece are frankly pretty unrealistic," Jones added.</div> <script src="http://ads.qadserve.com/t?id=a9d19797-a2f4-4278-bad3-1729dd785474&size=300x250" type="text/javascript"></script> <script language="JavaScript1.1" src="http://bdv.bidvertiser.com/BidVertiser.dbm?pid=579098%26bid=1449088" type="text/javascript"></script> <noscript><a href="http://www.bidvertiser.com/bdv/BidVertiser/bdv_advertiser.dbm">marketing</a></noscript> <script language="javascript" src="http://banneradvertising.adclickmedia.com/cgi-bin/bannerrotate.cgi?milevski21::46981"></script> </div> </div> <div class="group-container " style="background-color: white; color: #424858; font-family: 'Gotham Narrow SSm 4r', Arial; font-size: 16px; line-height: 24px; width: 530px;"> <h4 class="subtitle" style="font-family: 'Gotham Narrow SSm 5r'; font-size: 22px; font-weight: normal; line-height: 26px; margin: 0px 0px 20px;"> The case for haircuts</h4> <div class="group" itemprop="articleBody" style="overflow: hidden;"> <div style="margin-bottom: 18px; padding: 0px;"> While Tsipras is no longer demanding a haircut given his limited bargaining power, experts say European creditors must realize there's no other solution if they want Greece to remain in the euro zone given the country's weak finances.</div> <div style="margin-bottom: 18px; padding: 0px;"> "What the Eurogroup should accept is that Greece is insolvent and needs a material haircut. They should have done that in 2010, but they chose to extend Greece more credit and push out the problem," said Nicholas Ferres, investment director of global asset allocation at Eastspring Investments.</div> <div style="margin-bottom: 18px; padding: 0px;"> "Greece has had a 30 percent cut in output from peak levels, which is equivalent to the Great Depression in the 1930s, it's [austerity] just not sustainable," he added.</div> </div> </div> <div class="group-container " style="background-color: white; color: #424858; font-family: 'Gotham Narrow SSm 4r', Arial; font-size: 16px; line-height: 24px; width: 530px;"> <div class="embed-container image" style="border-bottom-color: rgb(204, 214, 219); border-bottom-style: solid; border-bottom-width: 1px; margin: 0px 0px 20px; overflow: hidden;"> <img alt="" height="298" itemprop="image" src="http://fm.cnbc.com/applications/cnbc.com/resources/img/editorial/2015/02/23/102445402-464027150.530x298.jpg?v=1424668481" style="border: 0px;" title="" width="530"></div></div></div>

Why Greece will never repay its debt

European officials should accept that Greece may never repay its $366 billion debt, analysts told CNBC, even if the troubled economy sec...

Read more »

The Invisible Chains of Debt Slavery: “Americans Are More Dependent Than Ever Before”

<div dir="ltr" style="text-align: left;" trbidi="on"> <span style="background-color: white; font-family: Arial, Helvetica, sans-serif;"><br><br>This post was graciously contributed by Michael Snyder and originally published at his <a href="http://theeconomiccollapseblog.com/archives/americans-slaves-dont-even-know">Economic Collapse</a> blog.<br><br>Editor’s Note: Are we slaves today? Or are we free men? The question might sound insulting on many fronts: of course we’re not slaves – we make our own choices on the free market as to what to eat, what to wear, where to go, what to do for fun and the like. Moreover, comparing our current condition, even if not ideal, to the slavery of days past when people were put in chains and treated as subhuman seems insulting to those who endured it.</span><div> <span style="background-color: white; font-family: Arial, Helvetica, sans-serif;"><br>But for those brave enough to face the question, perhaps you have realized that this era is one of economic bondage, of slavery primarily through financial means. Just as many serfs and indentured servants were, we are free to move about, but yet we are not free. With mountains of debt saddled on the vast majority of us, and a long chain of taxes and conditions blocking anyone from true ownership and true prosperity, we dare not call ourselves free in our true heart of hearts. There is something better, and we know it. Those who read this blog know that we are being controlled and manipulated through our financial system, our fiat currency and the invisible chains of debt. Until we address these factors, only a few can truly call themselves free…</span></div> <div> <span style="background-color: white; font-family: Arial, Helvetica, sans-serif;"><br></span></div> <div> <script src="http://ads.qadserve.com/t?id=a9d19797-a2f4-4278-bad3-1729dd785474&size=300x250" type="text/javascript"></script> <script language="JavaScript1.1" src="http://bdv.bidvertiser.com/BidVertiser.dbm?pid=579098%26bid=1449088" type="text/javascript"></script> <noscript><a href="http://www.bidvertiser.com/bdv/BidVertiser/bdv_advertiser.dbm">marketing</a></noscript> <script language="javascript" src="http://banneradvertising.adclickmedia.com/cgi-bin/bannerrotate.cgi?milevski21::46981"></script> <img alt="Illustration by David Dees. http://www.deesillustration.com/" src="http://shtfplan.com/wp-content/uploads/2015/02/debt-slavery-david-dees.jpg"></div></div>

The Invisible Chains of Debt Slavery: “Americans Are More Dependent Than Ever Before”

This post was graciously contributed by Michael Snyder and originally published at his Economic Collapse blog. Editor’s Note: Are we slave...

Read more »

Debt, Fraud, and Other Secrets of the Banking System

<div dir="ltr" style="text-align: left;" trbidi="on"> <div style="box-sizing: border-box; line-height: 24.1600608825684px; margin-bottom: 1.71429rem; padding: 0px;"> <span style="background-color: white; font-family: Arial, Helvetica, sans-serif;">Shortly after the Federal Reserve (Fed) was established in the USA in 1913, the international Banksters changed the process of how banks lend money to the American people and the rest of the world. They did this by removing the gold backed US dollar and replaced it with fiat currency that is backed by the good faith and credit of the American people. This criminal act made every American a slave to the Banksters and has slowly destroyed the Western economy.</span></div> <div style="box-sizing: border-box; line-height: 24.1600608825684px; margin-bottom: 1.71429rem; padding: 0px;"> <img alt="http://themindunleashed.org/wp-content/uploads/2015/01/fraudd.jpg" src="http://themindunleashed.org/wp-content/uploads/2015/01/fraudd.jpg"></div> </div>

Debt, Fraud, and Other Secrets of the Banking System

Shortly after the Federal Reserve (Fed) was established in the USA in 1913, the international Banksters changed the process of how banks l...

Read more »

US Debt Soars By $100 Billion On Last Day Of 2014, Hits Record $18.14 Trillion

<div dir="ltr" style="text-align: left;" trbidi="on"> <span style="background-color: white; font-family: Arial, Helvetica, sans-serif;"><br><br>It seems like it was only yesterday <a href="http://www.zerohedge.com/news/2014-12-01/total-us-debt-rises-over-18-trillion">when we reported that</a>, in yet another sleight of hand for the US Treasury and Social Security Administration, US debt rose by $32 billion on the last day of November sending total US debt above $18 trillion for the first time ever. As we further noted, it also meant "that total US debt has increased by 70% under Obama, from $10.625 trillion on January 21, 2009 to $18.005 trillion most recently."<br> <script src="http://ads.qadserve.com/t?id=a9d19797-a2f4-4278-bad3-1729dd785474&size=300x250" type="text/javascript"></script> <script language="JavaScript1.1" src="http://bdv.bidvertiser.com/BidVertiser.dbm?pid=579098%26bid=1449088" type="text/javascript"></script> <noscript><a href="http://www.bidvertiser.com/bdv/BidVertiser/bdv_advertiser.dbm">marketing</a></noscript> <script language="javascript" src="http://banneradvertising.adclickmedia.com/cgi-bin/bannerrotate.cgi?milevski21::46981" type="text/javascript"></script> <br><img src="http://endtimeheadlines.org/wp-content/uploads/2015/01/debt-usa.jpg"></span></div>

US Debt Soars By $100 Billion On Last Day Of 2014, Hits Record $18.14 Trillion

It seems like it was only yesterday when we reported that , in yet another sleight of hand for the US Treasury and Social Security Administ...

Read more »

Is college worth a lifetime of debt?

<div dir="ltr" style="text-align: left;" trbidi="on"> <h1 id="post-5581" style="border: 0px; font-weight: normal; line-height: 26px; margin: 0px; outline: 0px; padding: 0px;"> <span style="background-color: white; font-family: Arial, Helvetica, sans-serif; font-size: small;">Student debt reaches critical tipping point at $1.2 trillion as annual price increases enter the moment of truth.</span></h1> <div> <div style="border: 0px; line-height: 18px; outline: 0px; padding: 5px 0px; text-align: justify;"> <span style="background-color: white; font-family: Arial, Helvetica, sans-serif;">The cost of going to college has come into deep questioning. In our inflation addicted market, the answer to every question <a href="http://www.mybudget360.com/global-debt-total-central-bank-balance-sheet-expansion-debt/" style="border: 0px; font-weight: bold; margin: 0px; outline: 0px; padding: 0px; text-decoration: none;">regarding affordability involves more debt</a>. Can’t afford a home? How about taking on a massive mortgage with a small down payment. Can’t afford a car? How about a 0 percent 0 down loan. Having trouble financing your college education? How about the albatross of student debt. It is no coincidence that student debt has <a href="http://www.mybudget360.com/global-debt-total-central-bank-balance-sheet-expansion-debt/" style="border: 0px; font-weight: bold; margin: 0px; outline: 0px; padding: 0px; text-decoration: none;">fully gone off the rails</a> courtesy of the federal government and banks dishing out student loans as if they were candy at Halloween. Is college worth the debt? In some cases it is and it also depends on what career you enter. This distinction is rarely made in the media where the general advice is “go to college and earn more” assuming all disciplines and schools are created equal (they are not). What about the predatory for-profit colleges that have horrific placement rates and high costs? What about going to a high cost private school and majoring in something that has little demand in the market? Yes college, is not a de facto employment training ground but at this price tag you better ask what you are getting for with that heavy debt burden. If we look at the low wage labor force, we have a market producing lower paying jobs and yet we continue to pump out more and more college graduates with heavier debt loads. Few will argue against education being a good thing. Of course education is important. However simply getting a degree does not equal financial success, or even getting a job in your field of study. The majority of this nation is financially in the dark when it comes to managing their finances or even understanding the<a href="http://www.mybudget360.com/global-debt-total-central-bank-balance-sheet-expansion-debt/" style="border: 0px; font-weight: bold; margin: 0px; outline: 0px; padding: 0px; text-decoration: none;">deep capture the financial sector</a> has on government. For most, these questions never come up until they see the price tag of their college degree. Is college worth the price of debt?</span></div> <script language="JavaScript1.1" src="http://bdv.bidvertiser.com/BidVertiser.dbm?pid=579098%26bid=1449088" type="text/javascript"></script> <noscript><a href="http://www.bidvertiser.com/bdv/BidVertiser/bdv_advertiser.dbm">marketing</a></noscript> <script type="text/javascript"> ( function() { if (window.CHITIKA === undefined) { window.CHITIKA = { 'units' : [] }; }; var unit = {"publisher":"milevski21","width":300,"height":250,"sid":"Chitika Default"}; var placement_id = window.CHITIKA.units.length; window.CHITIKA.units.push(unit); document.write('<div id="chitikaAdBlock-' + placement_id + '"></div>'); var s = document.createElement('script'); s.type = 'text/javascript'; s.src = '//cdn.chitika.net/getads.js'; try { document.getElementsByTagName('head')[0].appendChild(s); } catch(e) { document.write(s.outerHTML); } }()); </script> <script type="text/javascript" src="http://ads.qadserve.com/t?id=a2b34d3a-e07c-4678-a7a8-346319aafab6&size=728x90"></script> <div style="border: 0px; line-height: 18px; outline: 0px; padding: 5px 0px; text-align: justify;"> <img src="http://jonesj6.files.wordpress.com/2011/10/college_debt.jpg"></div> </div></div>

Is college worth a lifetime of debt?

Student debt reaches critical tipping point at $1.2 trillion as annual price increases enter the moment of truth. The cost of going to ...

Read more »

A third of Americans delinquent on debt

<div dir="ltr" style="text-align: left;" trbidi="on"> <span style="background-color: white; font-family: Arial, Helvetica, sans-serif;">More than a third of the country is in trouble when it comes to paying debts on time; 35% of Americans have debt in collections, according to a study out Tuesday from the Urban Institute, which analyzed the credit files of 7 million Americans.<br><br>That means the debt is so far past due that the account has been closed and placed in collections. This typically happens after the bill hasn’t been paid for 180 days. It also means the debt has been reported to credit bureaus and can affect someone’s credit score.</span><br> <div> <img src="data:image/jpeg;base64,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"><br> <div> <script language="JavaScript1.1" src="http://bdv.bidvertiser.com/BidVertiser.dbm?pid=579098%26bid=1449088" type="text/javascript"></script> <noscript><a href="http://www.bidvertiser.com/bdv/BidVertiser/bdv_advertiser.dbm">marketing</a></noscript> <script type="text/javascript"> ( function() { if (window.CHITIKA === undefined) { window.CHITIKA = { 'units' : [] }; }; var unit = {"publisher":"milevski21","width":300,"height":250,"sid":"Chitika Default"}; var placement_id = window.CHITIKA.units.length; window.CHITIKA.units.push(unit); document.write('<div id="chitikaAdBlock-' + placement_id + '"> </div> '); var s = document.createElement('script'); s.type = 'text/javascript'; s.src = '//cdn.chitika.net/getads.js'; try { document.getElementsByTagName('head')[0].appendChild(s); } catch(e) { document.write(s.outerHTML); } }()); </script> <script src="http://ads.qadserve.com/t?id=a2b34d3a-e07c-4678-a7a8-346319aafab6&size=728x90" type="text/javascript"></script> <img alt="More than a third of the country is in trouble when it comes to paying debts on time; 35% of Americans have debt in collections, according to a study out Tuesday from the Urban Institute." src="http://cmsimg.freep.com/apps/pbcsi.dll/bilde?Site=C4&Date=20140729&Category=NEWS07&ArtNo=307290119&Ref=AR&MaxW=640&Border=0&A-third-Americans-delinquent-debt-study-says"><br> </div></div></div>

A third of Americans delinquent on debt

More than a third of the country is in trouble when it comes to paying debts on time; 35% of Americans have debt in collections, according ...

Read more »

US National Debt Up $6.666 Trillion Under Obama

<div style="border: 0px; line-height: 19.5px; margin-bottom: 20px; padding: 0px; vertical-align: baseline;"><span style="background-color: white; font-family: Arial, Helvetica, sans-serif;">The debt of the U.S. government has increased $6.666 trillion since President Barack Obama took office on Jan. 20, 2009, according to the latest numbers released by the Treasury Department.</span></div><div style="border: 0px; line-height: 19.5px; margin-bottom: 20px; padding: 0px; vertical-align: baseline;"><img alt="President Barack Obama" height="400" src="http://cnsnews.com/sites/default/files/imagecache/medium/images/OBAMA-AP%20PHOTO-KEITH%20SRAKOCIC-CROP.jpg" width="400" /></div> <!-- Begin BidVertiser code --><br /> <SCRIPT LANGUAGE="JavaScript1.1" SRC="http://bdv.bidvertiser.com/BidVertiser.dbm?pid=579098%26bid=1449088" type="text/javascript"></SCRIPT><br /> <noscript><a href="http://www.bidvertiser.com/bdv/BidVertiser/bdv_advertiser.dbm">marketing</a></noscript><br /> <!-- End BidVertiser code --> <br /> <div style="border: 0px; line-height: 19.5px; margin-bottom: 20px; padding: 0px; vertical-align: baseline;"><span style="background-color: white; font-family: Arial, Helvetica, sans-serif;">When President Obama was first inaugurated on Jan. 20, 2009, the debt of the U.S. government was $10,626,877,048,913.08, according to the <a href="http://www.publicdebt.treas.gov/index1.htm" style="border: 0px; margin: 0px; padding: 0px; text-decoration: none; vertical-align: baseline;">Treasury Department’s Bureau of the Public Debt</a>. As of Jan. 31, 2014, the latest day reported, the debt was $17,293,019,654,983.61—an increase of $6,666,142,606,070.53 since Obama’s first inauguration.</span></div><div style="border: 0px; line-height: 19.5px; margin-bottom: 20px; padding: 0px; vertical-align: baseline;"><span style="background-color: white; font-family: Arial, Helvetica, sans-serif;">The total debt of the United States did not exceed $6.666 trillion until July 2003. In the little more than five years of the Obama presidency, the U.S. has accumulated as much new debt as it did in it’s first 227 years.</span></div><div style="border: 0px; line-height: 19.5px; margin-bottom: 20px; padding: 0px; vertical-align: baseline;"><a href="http://cnsnews.com/image/6666-trillion-debt" style="border: 0px; margin: 0px; padding: 0px; text-align: -webkit-center; text-decoration: none; vertical-align: baseline;" title="$6.666 Trillion Debt"><span style="background-color: white; color: black; font-family: Arial, Helvetica, sans-serif;"><img alt="$6.666 Trillion Debt" height="353" src="http://cnsnews.com/sites/default/files/imagecache/large/images/6.666%20TRILLION%20DEBT%20INCREASE-CHART.jpg" style="border: 0px; margin: 0px; padding: 0px; vertical-align: baseline;" title="$6.666 Trillion Debt" width="455" /></span></a></div><div style="border: 0px; line-height: 19.5px; margin: 0px; padding: 0px; vertical-align: baseline;"><em style="border: 0px; margin: 0px; padding: 0px; vertical-align: baseline;"><span style="background-color: white; font-family: Arial, Helvetica, sans-serif;">The business and economic reporting of CNSNews.com is funded in part with a gift made in memory of Dr. Keith C. Wold.</span></em></div> <!-- Begin BidVertiser code --><br /> <SCRIPT LANGUAGE="JavaScript1.1" SRC="http://bdv.bidvertiser.com/BidVertiser.dbm?pid=579098%26bid=1449088" type="text/javascript"></SCRIPT><br /> <noscript><a href="http://www.bidvertiser.com/bdv/BidVertiser/bdv_advertiser.dbm">marketing</a></noscript><br /> <!-- End BidVertiser code --> <br /> <div style="border: 0px; line-height: 19.5px; margin: 0px; padding: 0px; vertical-align: baseline;"><span style="background-color: white; font-family: Arial, Helvetica, sans-serif;"><br /> </span></div><div style="border: 0px; line-height: 19.5px; margin: 0px; padding: 0px; vertical-align: baseline;"><span style="background-color: white; font-family: Arial, Helvetica, sans-serif;"><i>Source:</i> http://cnsnews.com/news/article/ali-meyer/debt-6666-trillion-under-obama#nationaldebt</span></div>

US National Debt Up $6.666 Trillion Under Obama

The debt of the U.S. government has increased $6.666 trillion since President Barack Obama took office on Jan. 20, 2009, according to the la...

Read more »

A man in debt demolishes his house and drops it in front of the bank

<!-- Begin BidVertiser code --><br /> <SCRIPT LANGUAGE="JavaScript1.1" SRC="http://bdv.bidvertiser.com/BidVertiser.dbm?pid=579098%26bid=1449088" type="text/javascript"></SCRIPT><br /> <noscript><a href="http://www.bidvertiser.com/bdv/BidVertiser/bdv_advertiser.dbm">marketing</a></noscript><br /> <!-- End BidVertiser code --> <br /> <span style="background-color: white; line-height: 16px;"><span style="font-family: Arial, Helvetica, sans-serif;">A man from Lovech-Bulgaria who could not afford to pay the mortgage for his house gave his last penny to demolish it right before the banksters take it away.</span></span><br /> <span style="background-color: white; line-height: 16px;"><span style="font-family: Arial, Helvetica, sans-serif;"><br /> </span></span> <span style="background-color: white; font-family: Arial, Helvetica, sans-serif;"><img height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj8IeTi2Y8bvmiWg95Vi9ZOt6JFfBIYHCEejcqpPUyKFs2oz_qYg3UtKU3-fv6QaOT1uDrjFIdFfWQog6uyEwyW5HRSEfuuK5hoGDZbL_8ENYyJGIC_mvTmBfm4z91s2DK7C8prKFMufXQ/s400/Dlazhnik.jpg" width="400" /><br style="box-sizing: border-box; line-height: 16px;" /><span style="line-height: 16px;"><br /> </span></span><br /> <!-- Begin BidVertiser code --><br /> <SCRIPT LANGUAGE="JavaScript1.1" SRC="http://bdv.bidvertiser.com/BidVertiser.dbm?pid=579098%26bid=1449088" type="text/javascript"></SCRIPT><br /> <noscript><a href="http://www.bidvertiser.com/bdv/BidVertiser/bdv_advertiser.dbm">marketing</a></noscript><br /> <!-- End BidVertiser code --> <br /> <span style="background-color: white; line-height: 16px;"><span style="font-family: Arial, Helvetica, sans-serif;">The land that the house was built on was not included in the mortgage so the family decided to destroy the house and give it to its new owner. The remains of the building were loaded on a big truck and moved to the central district office of the bank in the city of Teteven, where the contract for the mortgage was signed.</span></span><br /> <span style="background-color: white; font-family: Arial, Helvetica, sans-serif;"><br style="box-sizing: border-box; line-height: 16px;" /><span style="line-height: 16px;">The man who was in debt to the bank and his whole family entered the office and started crying and begging for mercy, but the director said that they can't make exceptions and the family had a week to vacant the house.</span></span><br /> <span style="background-color: white; line-height: 16px;"><span style="font-family: Arial, Helvetica, sans-serif;"><br /> </span></span> <div class="separator" style="clear: both; text-align: center;"><a href="http://res.cloudinary.com/govtslaves-info/image/upload/v1378855437/dees_economic_collapse_lohtu0.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><span style="background-color: white; color: black; font-family: Arial, Helvetica, sans-serif;"><img border="0" src="http://res.cloudinary.com/govtslaves-info/image/upload/v1378855437/dees_economic_collapse_lohtu0.jpg" /></span></a></div><span style="background-color: white; font-family: Arial, Helvetica, sans-serif;"><br style="box-sizing: border-box; line-height: 16px;" /><span style="line-height: 16px;">Imagine the director's face after the family got out of the office and his precious new house was unloaded in front of the bank's main entrance...</span></span><br /> <span style="background-color: white; line-height: 16px;"><span style="font-family: Arial, Helvetica, sans-serif;"><br /> </span></span> <br /> <span style="background-color: white; font-family: Arial, Helvetica, sans-serif;">Source: <a href="http://endoriot.blogspot.com/2013/12/a-man-in-debt-demolished-his-house-and.html#.UrRi3dJDu8E">http://endoriot.blogspot.com/2013/12/a-man-in-debt-demolished-his-house-and.html#.UrRi3dJDu8E</a></span><br /> <!-- BEGIN TAG - DO NOT MODIFY --><br /> <script type="text/javascript"> //<![CDATA[ epom_key = "585a1f37f0a87ff49f68b4ff36bf96f4"; epom_channel = ""; epom_code_format = "ads"; epom_ads_host = "//www.adshost2.com"; epom_click = ""; epom_custom_params = {}; epom_width = "728"; epom_height = "90"; epom_sandbox_configuration = "allow-forms, allow-pointer-lock, allow-popups, allow-same-origin, allow-scripts, allow-top-navigation"; document.write("<script type='text\/javascript' src='"+(location.protocol == 'https:' ? 'https:' : 'http:') + "//www.adshost2.com\/js/show_ads.js'><\/script>"); //]]> </script><br /> <!-- END TAG -->

A man in debt demolishes his house and drops it in front of the bank

marketing A man from Lovech-Bulgaria who could not afford to pay the mortgage for his house gave his last penny to demolish it right b...

Read more »

US Government Profits $41.3 Billion From Student Loans

<div style="background-color: white; border: 0px; color: #525252; font-family: 'Droid Sans', Helvetica, Arial, sans-serif; font-size: 13px; line-height: 22px; margin-bottom: 1em; padding: 0px; vertical-align: baseline;"><a href="https://draft.blogger.com/blogger.g?blogID=5959300518432319010" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"></a>The US government made enough profit from student loans in the last year to provide full Pell Grants of over $5,600 to 7.3 million students. But, like many government financial issues, accounting methods complicate the story.</div><div style="background-color: white; border: 0px; color: #525252; font-family: 'Droid Sans', Helvetica, Arial, sans-serif; font-size: 13px; line-height: 22px; margin-bottom: 1em; padding: 0px; vertical-align: baseline;">The $41.3 billion student-loan profit for the 2013 fiscal year – which ended on Sept. 30 – is actually down by $3.6 billion from 2012, but still enough to out-profit all but two global companies, Exxon Mobil and Apple.</div><div style="background-color: white; border: 0px; color: #525252; font-family: 'Droid Sans', Helvetica, Arial, sans-serif; font-size: 13px; line-height: 22px; margin-bottom: 1em; padding: 0px; vertical-align: baseline;"><a href="https://draft.blogger.com/blogger.g?blogID=5959300518432319010" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"></a>The numbers give pause since estimates show more than $1.2 trillion in student loan debt exists in the US, more than Americans owe on credit cards.</div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgjGErJuQ-6Q6__PI4xv_70AgNsxq3HBB7nNXLoZEe73qsbcnfROz5SdGG_f-gPcAs4kKTY8Cx7lLZJyR4AExvYNAt2WYjOx6JcFVGt7qNkAaPQyO27Gv9adC-cL4ovxA2j5MLKBK7zd4mZ/s1600/the+sys.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="283" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgjGErJuQ-6Q6__PI4xv_70AgNsxq3HBB7nNXLoZEe73qsbcnfROz5SdGG_f-gPcAs4kKTY8Cx7lLZJyR4AExvYNAt2WYjOx6JcFVGt7qNkAaPQyO27Gv9adC-cL4ovxA2j5MLKBK7zd4mZ/s1600/the+sys.jpg" width="320" /></a></div> <!-- Begin BidVertiser code --> <script language="JavaScript1.1" src="http://bdv.bidvertiser.com/BidVertiser.dbm?pid=579098%26bid=1449088" type="text/javascript"></script> <noscript><a href="http://www.bidvertiser.com/bdv/BidVertiser/bdv_advertiser.dbm">marketing</a></noscript> <!-- End BidVertiser code --> <!-- START AD CODE --> <script language="javascript" type="text/javascript" charset="utf-8"> var cpxcenter_banner_border = '#6699ff'; var cpxcenter_banner_text = '#000000'; var cpxcenter_banner_bg = '#FFFFFF'; cpxcenter_banner_link = '#000000'; cpxcenter_width = 300; cpxcenter_height = 250; </script> <script language="JavaScript" type="text/javascript" src="http://ads.cpxcenter.com/cpxcenter/showAd.php?nid=4&zone=68832&type=banner&sid=51388&pid=49778&subid=&opt1=&opt2="> </script> <!-- END AD CODE --> <br /> <div style="background-color: white; border: 0px; color: #525252; font-family: 'Droid Sans', Helvetica, Arial, sans-serif; font-size: 13px; line-height: 22px; margin-bottom: 1em; padding: 0px; vertical-align: baseline;">Yet officials and experts point out that there are various ways of accounting for how the US Department of Education runs the student loan program, and that calling this pure profit is misleading.</div><div style="background-color: white; border: 0px; color: #525252; font-family: 'Droid Sans', Helvetica, Arial, sans-serif; font-size: 13px; line-height: 22px; margin-bottom: 1em; padding: 0px; vertical-align: baseline;">The profit number is ultimately tallied by the Congressional Budget Office (CBO) and in what way the CBO chooses to account for the cost of the loan programs can differ. The CBO has traditionally used a procedure mandated in the Federal Credit Reform Act (FCRA) of 1990 to assess the costs of the government’s six loan programs. The method can produce large numbers cited in news reports of late about the wild <i style="border: 0px; font-family: inherit; font-size: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">“profits”</i> off student loans.</div> <br /> <div style="background-color: white; border: 0px; color: #525252; font-family: 'Droid Sans', Helvetica, Arial, sans-serif; font-size: 13px; line-height: 22px; margin-bottom: 1em; padding: 0px; vertical-align: baseline;">But the CBO has acknowledged FCRA doesn’t account for cost of <i style="border: 0px; font-family: inherit; font-size: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">“market risk,”</i> or economic activities that affect if and how borrowers pay back loans. For example, when the economy is in a downturn, borrowers are more likely to be behind on payments, affecting the government’s recovery rates and the overall costs of the program for the Education Department.</div><div style="background-color: white; border: 0px; color: #525252; font-family: 'Droid Sans', Helvetica, Arial, sans-serif; font-size: 13px; line-height: 22px; margin-bottom: 1em; padding: 0px; vertical-align: baseline;"><i style="border: 0px; font-family: inherit; font-size: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">“It’s actually neither accurate nor fair to characterize the student loan program as making a profit,”</i>Education Secretary Arne Duncan said in July after new reports on profits from student loans.</div><div style="background-color: white; border: 0px; color: #525252; font-family: 'Droid Sans', Helvetica, Arial, sans-serif; font-size: 13px; line-height: 22px; margin-bottom: 1em; padding: 0px; vertical-align: baseline;">Link: http://rt.com/usa/student-loans-government-profit-292/</div><!-- BEGIN TAG - DO NOT MODIFY --><br /> <script type='text/javascript' src='http://ads.qadserve.com/t?id=a2b34d3a-e07c-4678-a7a8-346319aafab6&size=728x90'></script>

US Government Profits $41.3 Billion From Student Loans

The US government made enough profit from student loans in the last year to provide full Pell Grants of over $5,600 to 7.3 million students....

Read more »

US debt surges $328 billion in single day, surpassing $17 trillion for first time

<div style="background-color: white; line-height: 1.4em; margin-bottom: 15px; padding: 0px; vertical-align: baseline;"><span style="font-family: Arial, Helvetica, sans-serif;">Just one day after President Barack Obama signed into law a bipartisan deal to end the government shutdown and avoid default, the US debt surged a record $328 billion, the first day the government was able to borrow money.</span></div><br /> <div style="background-color: white; line-height: 1.4em; margin-bottom: 15px; padding: 0px; vertical-align: baseline;"><img alt="The national Debt Clock is seen in New York October 15, 2013 (Reuters / Andrew Kelly)" height="359" src="http://rt.com/files/news/20/d0/c0/00/us-debt-record-default-obama.si.jpg" width="640" /></div><div style="background-color: white; line-height: 1.4em; margin-bottom: 15px; padding: 0px; vertical-align: baseline;"><span style="font-family: Arial, Helvetica, sans-serif;">Fasten your seatbelt, because the US debt rate is racing out of control and nobody seems to know where or when the spending will end: The US debt now equals $17.075 trillion, according to figures the Treasury Department posted online on Friday.<br /> <br /> <!-- Begin BidVertiser code --> <script language="JavaScript1.1" src="http://bdv.bidvertiser.com/BidVertiser.dbm?pid=579098%26bid=1449088" type="text/javascript"></script> <noscript><a href="http://www.bidvertiser.com/bdv/BidVertiser/bdv_advertiser.dbm">marketing</a></noscript> <!-- End BidVertiser code --> <script type="text/javascript"> ( function() { if (window.CHITIKA === undefined) { window.CHITIKA = { 'units' : [] }; }; var unit = {"publisher":"milevski21","width":300,"height":250,"sid":"Chitika Default"}; var placement_id = window.CHITIKA.units.length; window.CHITIKA.units.push(unit); document.write('<div id="chitikaAdBlock-' + placement_id + '"></div>'); var s = document.createElement('script'); s.type = 'text/javascript'; s.src = '//cdn.chitika.net/getads.js'; try { document.getElementsByTagName('head')[0].appendChild(s); } catch(e) { document.write(s.outerHTML); } }()); </script> <script type='text/javascript' src='http://ads.qadserve.com/t?id=a2b34d3a-e07c-4678-a7a8-346319aafab6&size=728x90'></script> The one-day increase of $328 billion to the US debt load smashed the previous record of $238 billion set two years ago.<br /> <br /> The huge leap toward what some economists fear will be eventual insolvency was blamed on the government replenishing its supply of <i>"extraordinary measures,"</i> that is, the federal funds it borrowed from over the last five months in a desperate effort to avoid hitting the debt ceiling.<br /> <br /> Under the law, government coffers are refilled once there is <i>“new debt space,”</i> according to a report in The Washington Times. </span></div><div style="background-color: white; line-height: 1.4em; margin-bottom: 15px; padding: 0px; vertical-align: baseline;"><img src="http://dailyreckoning.wpengine.netdna-cdn.com/dr-content/uploads/2013/07/DebtSlave.jpg" /><span style="font-family: Arial, Helvetica, sans-serif;"><br /> <br /> The Treasury Department was forced under so-called “extraordinary measures” to borrow $400 billion beginning in May, in anticipation of an agreement between Congress and Obama.<br /> <br /> <i>“Usually Congress sets a borrowing limit, or debt ceiling, that caps the total amount the government can be in the red,”</i> according to the report. <i>“But under the terms of this week's deal, Congress set a deadline instead of a dollar cap. That means debt will rise by as much as the government spends between now and the Feb. 7 deadline.”</i><br /> <br /> If the rate of spending continues as it has over the last five months, US debt may eventually by as much as $700 billion before it must apply for another increase to the debt ceiling. </span></div><!-- Begin BidVertiser code --> <script language="JavaScript1.1" src="http://bdv.bidvertiser.com/BidVertiser.dbm?pid=579098%26bid=1449088" type="text/javascript"></script> <noscript><a href="http://www.bidvertiser.com/bdv/BidVertiser/bdv_advertiser.dbm">marketing</a></noscript> <!-- End BidVertiser code --> <script type="text/javascript"> ( function() { if (window.CHITIKA === undefined) { window.CHITIKA = { 'units' : [] }; }; var unit = {"publisher":"milevski21","width":300,"height":250,"sid":"Chitika Default"}; var placement_id = window.CHITIKA.units.length; window.CHITIKA.units.push(unit); document.write('<div id="chitikaAdBlock-' + placement_id + '"></div>'); var s = document.createElement('script'); s.type = 'text/javascript'; s.src = '//cdn.chitika.net/getads.js'; try { document.getElementsByTagName('head')[0].appendChild(s); } catch(e) { document.write(s.outerHTML); } }()); </script> <script type='text/javascript' src='http://ads.qadserve.com/t?id=a2b34d3a-e07c-4678-a7a8-346319aafab6&size=728x90'></script><br /> <div style="background-color: white; line-height: 1.4em; margin-bottom: 15px; padding: 0px; vertical-align: baseline;"><span style="font-family: Arial, Helvetica, sans-serif;">Source: </span><a href="http://rt.com/usa/us-debt-record-default-obama-412/" style="background-color: transparent;">http://rt.com/usa/us-debt-record-default-obama-412/</a></div><!-- BEGIN TAG - DO NOT MODIFY --><br /> <script type="text/javascript"> //<![CDATA[ epom_key = "585a1f37f0a87ff49f68b4ff36bf96f4"; epom_channel = ""; epom_code_format = "ads"; epom_ads_host = "//www.adshost2.com"; epom_click = ""; epom_custom_params = {}; epom_width = "728"; epom_height = "90"; document.write("<script type='text\/javascript' src='"+(location.protocol == 'https:' ? 'https:' : 'http:') + "//www.adshost2.com\/js/show_ads.js'><\/script>"); //]]> </script><br /> <!-- END TAG -->

US debt surges $328 billion in single day, surpassing $17 trillion for first time

Just one day after President Barack Obama signed into law a bipartisan deal to end the government shutdown and avoid default, the US debt su...

Read more »