• Venezuela Officially DEFAULTS on Its Debt! Market Predicts Complete Failure!

    LOOK THROUGH MY BOOKS!: http://books.themoneygps.com SUPPORT MY WORK: https://www.patreon.com/themoneygps PAYPAL: https://goo.gl/L6VQg9 BITCOIN: 1MbAUXsHa8XRFMHjGurd7L5nRDYJYMQQmq ETHEREUM: 0xece0Dd6D0b4617A8D94cff634C64155bb1cD8C2C LITECOIN: LWh6fji4WrJT7FAbFvFSZ9jVNCgVM3dHod DASH: Xj9RXrvhXbaL3prMDvdzAxM8gDB2vDiZrh MONERO:47q5qDPkDBLRadwcSXDsri3PNniYRYY1HYAhidXWAg8xXHFFZHFi7i9GwwmZN9J5CJd8exT4WARpg2asCzkuoTmd3dfcXr6 ******************************************************************** STEEMIT: https://steemit.com/@themoneygps VIDME: https://vid.me/themoneygps T-SHIRTS: http://themoneygps.com/store ******************************************************************** Sources Used in This Video: https://goo.gl/UpprQe

    published: 13 Nov 2017
  • The Truth About Government Debt Default

    The history, facts and future of the black hole called US government spending... Freedomain Radio is 100% funded by viewers like you. Please support the show by signing up for a monthly subscription or making a one time donation at: http://www.fdrurl.com/donate Bitcoin Address: 1Fd8RuZqJNG4v56rPD1v6rgYptwnHeJRWs Litecoin Address: LL76SbNek3dT8bv2APZNhWgNv3nHEzAgKT Get more from Stefan Molyneux and Freedomain Radio including books, podcasts and other info at: http://www.freedomainradio.com Amazon US Affiliate Link: www.fdrurl.com/AmazonUS Amazon Canada Affiliate Link: www.fdrurl.com/AmazonCanada Amazon UK Affiliate Link: www.fdrurl.com/AmazonUK Freedomain Radio Facebook: http://www.fdrurl.com/fb Freedomain Radio Twitter: https://twitter.com/freedomainradio Freedomain Radio Google+: htt...

    published: 17 Oct 2013
  • Student Loans: More Debt, More Defaults, More Problems

    Americans owe $1 trillion in student loan debt. How did that happen, and what's the impact on the nation's economy? Economics correspondent Paul Solman reports as part of his Making Sen$e of financial news series.

    published: 31 May 2012
  • China’s corporate debt addiction: bond defaults spell trouble

    Visit the Transact hub to learn more: http://bit.ly/2rhZMe0 Unprecedented bond defaults have economists worried about the levels of Chinese debt. If the borrowing binge ends, it could hobble economic growth in the region for years. But it is not just China that is at risk. James Kynge, emerging markets editor, tells us why China’s addiction to cheap credit could shake the global economy. Watch China’s corporate debt addiction: bond defaults spell trouble on FT.com: http://bit.ly/2sqeezw

    published: 19 Jun 2017
  • 40% of Americans Aren't Repaying Their Student Debts

    More than 40% of student loan borrowers are either in default, delinquency or have postponed repaying their student loans, raising fears they may never complete their payments. WSJ's Josh Mitchell explains on Lunch Break with Tanya Rivero. Photo: iStock

    published: 07 Apr 2016
  • VENEZUELA OFFICIALLY DEFAULTS ON U.S. DEBT 11-9-2017

    Today at 11am, the ISDA Determinations Committee sits down to decide whether an event of default has occurred due to the delayed principal payment on the Petroleos de Venezuela SA, or PDVSA, bond that matured Nov. 2, in the process triggering PDVSA (and perhaps Venezuela) CDS, and officially declaring Venezuela in default. We won't have to wait that long: moments ago, Wilmington Trust, the Trustee of the 8.5% bonds due 2018, issued by Corpoelec, Venezuela's electricity company, declared that the missed interest payment originally due October 10, and whose 30 day grace period expired on November 9, and for which no payment was sent or received, officially constitutes an event of default.

    published: 10 Nov 2017
  • Breaking News - Venezuela defaults on its £45billion debt

    Venezuela has defaulted on its £45billion debt after missing interest payments sparking fears investors could seize the country's oil as payment.Caracas faced the first of what could be a cascade of defaults on its enormous foreign debt Tuesday as financial experts Standard and Poor's declared the crisis-torn South American country in 'selective default'.S&P's move came after Vice President Tareck El Aissami met with creditors in the Venezuelan capital Monday, but offered no way out of the impasse.With no obvious means of paying the money back, attention has turned to the country's state oil company.President Nicolas Maduro has formed a commission to restructure Venezuela's sovereign debt and that of state oil company PDVSA.But participants in a first meeting in Caracas on Monday said offi...

    published: 14 Nov 2017
  • Venezuela Defaults on National Debt

    Venezuela has defaulted on it's national debt after missing a $200 million payment according to a statement from international credit rating agency Standard & Poor's released Nov. 13.

    published: 14 Nov 2017
  • Debt Crisis of United States of America 2018 Explained in a Simplified Way

    Debt Crisis in United States of America, A Simplified way of understanding the whole scenario of the debt crisis, the inevitable collapse of the american Economy. A must watch simple explanation video for understanding the scenario of US Economy, inflation, stagflation, recession etc. for all those who are considering to shift their jobs and businesses to US in coming future, Sorry for the outdated data figures in the video but it will give you a straight and simple idea about the thing. Debt Crisis: http://en.wikipedia.org/wiki/Debt_crisis US Debt Crisis 2013: http://en.wikipedia.org/wiki/United_States_debt-ceiling_crisis_of_2013 US debt crisis 2011: http://en.wikipedia.org/wiki/United_States_debt-ceiling_crisis_of_2011 Stagflation: http://en.wikipedia.org/wiki/Stagflation Some Fea...

    published: 09 Aug 2011
  • America's Debt Crisis Explained

    Fact: America's national debt stands at $17 trillion. That's a tough number to grasp. Most people will never come close to making $1 million in any given year. How can we understand the magnitude of the hole our country is in? Well, imagine you owed your credit card company $200,000. On top of that you have to pay them about $4,000 per year in interest. You are bringing in $150,000 per year, but you are spending way more than that. How are you going to ever pay back that $200,000 debt? And what happens if you default? Well, that is America today. The problem is clear. And we brought Michael Tanner, a senior fellow at the Cato Institute, to propose a solution. Donate today to PragerU! http://l.prageru.com/2ylo1Yt Joining PragerU is free! Sign up now to get all our videos as soon as they're...

    published: 24 Feb 2014
  • Global debt defaults in 90 seconds | FT Markets

    ► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs Global debt markets are on the cusp of a rather unwanted milestone: the number of companies defaulting on their obligations this year has already reached 99, driven largely by struggling US shale gas providers. The FT's Gavin Jackson explains. For more video content from the Financial Times, visit http://www.FT.com/video Twitter https://twitter.com/ftvideo Facebook https://www.facebook.com/financialtimes

    published: 24 Nov 2015
  • What Happens If You Don't Pay Off Your Student Loans?

    Student debt has now surpassed 1 trillion dollars in the US. The high cost of education coupled with a rocky job market means that most students need to defer payments after graduation. How bad is defaulting on student loans? What happens when you just can't pay them? Go to http://testtube.ting.com to find out how much you could save by switching your mobile service. Get $25 in Ting credit and help support the show! Learn More: 3 Reasons to Never Default on Your Federal Student Loan http://www.forbes.com/sites/moneywisewomen/2012/08/29/3-reasons-to-never-default-on-your-federal-student-loan/ "You went to college for four years and got your degree. If you're like most Americans, you had to do it with a little help from Uncle Sam in the form of federal student loans." Don't igno...

    published: 16 Sep 2014
  • What Happens If A Country Goes Bankrupt?

    Subscribe! http://bitly.com/1iLOHml Many countries have been almost or completely bankrupt in recent history with Greece now on the brink of bankruptcy. So, what happens when countries go bankrupt? Learn More: Syriza’s historic win puts Greece on collision course with Europe http://www.theguardian.com/world/2015/jan/25/syriza-historic-win-greece-european-union-austerity “European politics has been plunged into a volatile new era following a historic victory in Greece’s general election by far-left radicals committed to ending years of austerity.” Seized Argentinian sailing ship leaves Ghana http://www.theguardian.com/world/2012/dec/20/argentina-sailing-ship-ghana-release “An Argentinian navy ship detained for 10 weeks in Ghana because of a dispute with a US-based "vulture fund" has ...

    published: 06 Feb 2015
  • Venezuela in default: What next? 🇻🇪 | Counting the Cost

    Oil-rich Venezuela has always paid its debts - even at the expense of its citizens. But this week, everything changed: Venezuela is now officially in default, which means it's officially bankrupt. Rating agency Standard & Poor's declared the nation in 'selective default' on Monday after it failed to make $200m in repayments for global bonds due in October. As more payments are due, Venezuela is facing what could be a messy financial unravelling. And that's not a good situation for its starving population as state assets may have to be sold off to pay credit holders. President Nicolas Maduro is acutely aware that he is running out of money, and he wants to restructure the billions owed to China, Russia and oil service providers. Russia has already agreed to restructure $3bn worth of de...

    published: 18 Nov 2017
  • Puerto Rico Defaults on Debt Payments

    Puerto Rico has defaulted on a $174 million debt, most of which were in the form of municipal bonds. The default was defended by Puerto Rico’s governor who stated, “It’s very simple. We don’t have money to pay.” Standards & Poor’s ratings agency, will downgrade the infrastructure authority’s rating from CC to D. Jose Marcelino Ortiz and Nik Zecevic further detail the default on the Lip News. http://www.nytimes.com/2016/01/05/business/dealbook/puerto-rico-defaults-on-debt-payments.html?_r=0 Newest Lip News playlist: https://www.youtube.com/watch?v=hqgo8_2AGOg&index=1&list=PLjk3H0GXhhGcjJDo6cQBCQprDMQyUQY3r CRIME TIME clips playlist – https://www.youtube.com/watch?v=P5wL7UpAnJc&index=1&list=PLjk3H0GXhhGeC9DbpSnIvd2i9BHh2dBvv BYOD (Bring Your Own Doc) Highlight Videos- https://www.youtube...

    published: 06 Jan 2016
  • Why Does Greece Have So Much Debt?

    Subscribe! http://bitly.com/1iLOHml With about $400 billion in debt and a broken economy, Greece is in trouble. But, how did Greece end up with such a high debt, and who do they owe money to? Learn More: Greece's Debt Due: What Greece Owes When http://graphics.wsj.com/greece-debt-timeline/ "Greece is negotiating with its eurozone creditors to get more aid before the indebted government runs out of cash." Explaining the Greek Debt Crisis http://www.nytimes.com/2015/04/09/business/international/explaining-the-greek-debt-crisis.html "Greece, the weak link in the eurozone, is struggling to pay its debt as its people and its creditors grow more restive." Greek debts: what does it owe? When will the money run out? http://www.theguardian.com/business/2015/apr/24/greek-debts-w...

    published: 16 May 2015
  • Venezuela DEFAULTS As Country Completely COLLAPSES! - What This Means

    Josh Sigurdson talks with author and economic analyst John Sneisen about one of the last straws in the crumbling country of Venezuela. Default. Venezuela is officialy defaulting on bond pay-outs and we at WAM have been predicting this for a long time. The oil dependent country has seen hyperinflation in the past nearly two years. The socialist totalitarian government has seen its innevitable end, but it's not giving in without a fight and it appears they hope to bring down as many of their own people as humanly possible. With vast amounts of printing of the Venezuelan Bolivar, we're seeing people bring stacks of money to the store to weigh after waiting in excrutiatingly long bread lines. People have been forced to break into zoos in order to feed their families. The country has run out ...

    published: 17 Nov 2017
  • UN Fears 3rd Leg of finanical crisis coming next - global debt defaults

    http://www.telegraph.co.uk/business/2016/09/21/un-fears-third-leg-of-the-global-financial-crisis-with-epic-debt/

    published: 22 Sep 2016
  • Discharge Credit Card Debt

    www.stopthepirates.blogspot.com The non-adversarial, administrative approach shows you how to use 3 different ways to use the UCC administrative processes for those who are not in default or in danger of default. All are non-adversarial ways to eliminate credit card debt and cost the same no matter the number of credit cards, the amount owed, or the number of times you wish to use the process to eliminate credit card debt. We show you how to use a commercial filing of a lien against a constructive trust account at the US Treasury which with proper forms and procedures gives you status as First Creditor. Transferring assets within the national bankruptcy you can discharge your debt as you reduce the national debt. You might be able to continue to use the credit card....and keep on dischargi...

    published: 12 Feb 2017
  • Can UK default on national debt? Yes! Only Question Time EVER to discuss. Winner: Germaine Greer

    Skip straight to the best bit from Germaine Greer https://youtu.be/ASjQGhagBgQ?t=4m3s Here's the complete episode from Wrexham - 29th January 2015 https://www.youtube.com/watch?v=D7hgQ4BmizA Sajid Javid MP: Conservative Culture Secretary Peter Hain MP: Former Labour Secretary of State for Wales Rhun ap Iorwerth AM: Plaid Cymru's Economy Spokesman Germaine Greer: Author and Critic Kate Maltby: Telegraph.co.uk Blogger (a diabolical performance) Only mass default will end the world's addiction to debt As global debt rises off the scale, creditors stand to take a huge hit in a threatened tsunami of defaults http://www.telegraph.co.uk/finance/comment/jeremy-warner/11448051/Only-mass-default-will-end-the-worlds-addiction-to-debt.html Argentina's Christina Kirshner seems to regard default as a...

    published: 28 Sep 2015
  • The Benefits of Defaulting on a Student Loan

    You shouldn't do it but it's not the end of the world.

    published: 22 Aug 2016
  • Puerto Rico Defaults On Debt for First Time

    Puerto Rico defaulted on its full payment of its bonds for the first time in the commonwealth government's history. The island territory paid $628,000 out of a $58 million payment on its Public Finance Corp bonds which were due August 1st. But Puerto Rico's head of Government Development Bank said in a statement that the decision to not make the full payment balanced the obligations to creditors and citizens. The government did not wish to see a loss in social services, which is why they chose to default. The default comes as Puerto Rican leaders of both main political parties have asked Congress to allow them to restructure some of its debt that way states can do, as in the case of Detroit. http://feeds.nbcnews.com/c/35002/f/663303/s/48ac8655/sc/24/l/0L0Snbcnews0N0Cnews0Clatino0Cpuerto0E...

    published: 03 Aug 2015
  • REALIST NEWS - Business Debt Defaults Are Now Higher Than Previous Recession

    Subscribe to my other channel The Political Gameshow: https://www.youtube.com/c/thepoliticalgameshow http://www.jmbullion.com (Recommended for Silver and Gold Purchases.) http://www.realistnews.net

    published: 26 May 2016
  • What Happens When a Bond Defaults

    http://www.learnbonds.com/bond-default/ - We here about bond defaults all the time but what exactly happens when a corporate bond defaults?

    published: 17 Oct 2012
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Venezuela Officially DEFAULTS on Its Debt! Market Predicts Complete Failure!

Venezuela Officially DEFAULTS on Its Debt! Market Predicts Complete Failure!

  • Order:
  • Duration: 5:23
  • Updated: 13 Nov 2017
  • views: 17199
videos
LOOK THROUGH MY BOOKS!: http://books.themoneygps.com SUPPORT MY WORK: https://www.patreon.com/themoneygps PAYPAL: https://goo.gl/L6VQg9 BITCOIN: 1MbAUXsHa8XRFMHjGurd7L5nRDYJYMQQmq ETHEREUM: 0xece0Dd6D0b4617A8D94cff634C64155bb1cD8C2C LITECOIN: LWh6fji4WrJT7FAbFvFSZ9jVNCgVM3dHod DASH: Xj9RXrvhXbaL3prMDvdzAxM8gDB2vDiZrh MONERO:47q5qDPkDBLRadwcSXDsri3PNniYRYY1HYAhidXWAg8xXHFFZHFi7i9GwwmZN9J5CJd8exT4WARpg2asCzkuoTmd3dfcXr6 ******************************************************************** STEEMIT: https://steemit.com/@themoneygps VIDME: https://vid.me/themoneygps T-SHIRTS: http://themoneygps.com/store ******************************************************************** Sources Used in This Video: https://goo.gl/UpprQe
https://wn.com/Venezuela_Officially_Defaults_On_Its_Debt_Market_Predicts_Complete_Failure
The Truth About Government Debt Default

The Truth About Government Debt Default

  • Order:
  • Duration: 20:33
  • Updated: 17 Oct 2013
  • views: 35955
videos
The history, facts and future of the black hole called US government spending... Freedomain Radio is 100% funded by viewers like you. Please support the show by signing up for a monthly subscription or making a one time donation at: http://www.fdrurl.com/donate Bitcoin Address: 1Fd8RuZqJNG4v56rPD1v6rgYptwnHeJRWs Litecoin Address: LL76SbNek3dT8bv2APZNhWgNv3nHEzAgKT Get more from Stefan Molyneux and Freedomain Radio including books, podcasts and other info at: http://www.freedomainradio.com Amazon US Affiliate Link: www.fdrurl.com/AmazonUS Amazon Canada Affiliate Link: www.fdrurl.com/AmazonCanada Amazon UK Affiliate Link: www.fdrurl.com/AmazonUK Freedomain Radio Facebook: http://www.fdrurl.com/fb Freedomain Radio Twitter: https://twitter.com/freedomainradio Freedomain Radio Google+: http://www.fdrurl.com/google Freedomain Radio LinkedIn: http://www.fdrurl.com/LinkedIn Sources: http://ex-army.blogspot.ca/2013/10/default-drivel.html http://libertarianinvestments.blogspot.ca/2013/10/the-debt-ceiling-and-default.html http://www.examiner.com/article/the-truth-about-the-history-of-us-sovereign-default http://beforeitsnews.com/libertarian/2013/10/the-answer-to-government-shutdown-is-less-federal-power-not-more-2529816.html http://economix.blogs.nytimes.com/2013/10/14/for-many-hard-liners-debt-default-is-the-goal/?_r=0 http://www.forbes.com/sites/jeffreydorfman/2013/10/03/dont-believe-the-debt-ceiling-hype-the-federal-government-can-survive-without-an-increase/2/
https://wn.com/The_Truth_About_Government_Debt_Default
Student Loans: More Debt, More Defaults, More Problems

Student Loans: More Debt, More Defaults, More Problems

  • Order:
  • Duration: 8:28
  • Updated: 31 May 2012
  • views: 95667
videos
Americans owe $1 trillion in student loan debt. How did that happen, and what's the impact on the nation's economy? Economics correspondent Paul Solman reports as part of his Making Sen$e of financial news series.
https://wn.com/Student_Loans_More_Debt,_More_Defaults,_More_Problems
China’s corporate debt addiction: bond defaults spell trouble

China’s corporate debt addiction: bond defaults spell trouble

  • Order:
  • Duration: 1:37
  • Updated: 19 Jun 2017
  • views: 14162
videos
Visit the Transact hub to learn more: http://bit.ly/2rhZMe0 Unprecedented bond defaults have economists worried about the levels of Chinese debt. If the borrowing binge ends, it could hobble economic growth in the region for years. But it is not just China that is at risk. James Kynge, emerging markets editor, tells us why China’s addiction to cheap credit could shake the global economy. Watch China’s corporate debt addiction: bond defaults spell trouble on FT.com: http://bit.ly/2sqeezw
https://wn.com/China’S_Corporate_Debt_Addiction_Bond_Defaults_Spell_Trouble
40% of Americans Aren't Repaying Their Student Debts

40% of Americans Aren't Repaying Their Student Debts

  • Order:
  • Duration: 4:38
  • Updated: 07 Apr 2016
  • views: 10769
videos
More than 40% of student loan borrowers are either in default, delinquency or have postponed repaying their student loans, raising fears they may never complete their payments. WSJ's Josh Mitchell explains on Lunch Break with Tanya Rivero. Photo: iStock
https://wn.com/40_Of_Americans_Aren't_Repaying_Their_Student_Debts
VENEZUELA OFFICIALLY DEFAULTS ON U.S. DEBT  11-9-2017

VENEZUELA OFFICIALLY DEFAULTS ON U.S. DEBT 11-9-2017

  • Order:
  • Duration: 1:13
  • Updated: 10 Nov 2017
  • views: 219
videos
Today at 11am, the ISDA Determinations Committee sits down to decide whether an event of default has occurred due to the delayed principal payment on the Petroleos de Venezuela SA, or PDVSA, bond that matured Nov. 2, in the process triggering PDVSA (and perhaps Venezuela) CDS, and officially declaring Venezuela in default. We won't have to wait that long: moments ago, Wilmington Trust, the Trustee of the 8.5% bonds due 2018, issued by Corpoelec, Venezuela's electricity company, declared that the missed interest payment originally due October 10, and whose 30 day grace period expired on November 9, and for which no payment was sent or received, officially constitutes an event of default.
https://wn.com/Venezuela_Officially_Defaults_On_U.S._Debt_11_9_2017
Breaking News - Venezuela defaults on its £45billion debt

Breaking News - Venezuela defaults on its £45billion debt

  • Order:
  • Duration: 3:38
  • Updated: 14 Nov 2017
  • views: 360
videos
Venezuela has defaulted on its £45billion debt after missing interest payments sparking fears investors could seize the country's oil as payment.Caracas faced the first of what could be a cascade of defaults on its enormous foreign debt Tuesday as financial experts Standard and Poor's declared the crisis-torn South American country in 'selective default'.S&P's move came after Vice President Tareck El Aissami met with creditors in the Venezuelan capital Monday, but offered no way out of the impasse.With no obvious means of paying the money back, attention has turned to the country's state oil company.President Nicolas Maduro has formed a commission to restructure Venezuela's sovereign debt and that of state oil company PDVSA.But participants in a first meeting in Caracas on Monday said officials had come up with no concrete proposals for restructuring the debt.Geronimo Mansutti from the Rendivalores brokerage said: 'They didn't give any concrete details on their plans, on what they hope to get.'About 70 percent of Venezuelan bondholders are North American, according to government figures.S&P said there was 'a one-in-two chance that Venezuela could default again within the next three months.''We would very likely consider any Venezuelan restructuring to be a distressed debt exchange and equivalent to default given the highly constrained external liquidity,' it said.Vice-president El Aissami blamed US sanctions for delays to Venezuela's debt repayments.Restrictions include a ban on US entities buying any new Venezuela debt issues - usually a required step in any restructuring.The US has designated vice president El Aissami himself a drug kingpin with whom US entities are barred from dealing.In the meantime, China said its massive financing of Venezuela was 'proceeding normally', and Russia was expected to sign an agreement as early as Wednesday to restructure £2billion of Caracas's debt, according to sources in Moscow familiar with the matter.Beijing and Moscow have emerged as Venezuela's most reliable sources of funding, with China owed £21billion and Russia £6billion.S&P declared Venezuela in 'selective default' after it failed to make £150million in payments on two global bond issues by the end of a 30-day grace period on November 12.The agency said: 'We have lowered two issue ratings to 'D' (default), and we lowered the long-term foreign currency sovereign credit rating to 'SD' (selective default),' adding that £320million in payments on four other bonds were also overdue, but still within the grace period.Venezuela's debt crunch comes as no surprise, as the government cuts back on imports to service its debt, leaving the population struggling with shortages of food and medicine.Caracas has less than £8billion left in hard currency reserves, but must make £1billion in debt payments before year-end, and another £6billion next year.But Maduro remains defiant, insisting on Sunday that his country would 'never' default and pointing to ongoing negotiations with China and Russia. Nevertheless, his options are very limited.A default can be declared either by the major ratings agencies, big debt-holders or by the government itself.Maduro is also under fire internationally for marginalizing the opposition, which controls the parliament, and stifling independent media.The US called an informal meeting of the UN Security Council, where US Ambassador Nikki Haley slammed Venezuela as an 'increasingly violent narco-state' that poses a threat to worl1
https://wn.com/Breaking_News_Venezuela_Defaults_On_Its_£45Billion_Debt
Venezuela Defaults on National Debt

Venezuela Defaults on National Debt

  • Order:
  • Duration: 1:02
  • Updated: 14 Nov 2017
  • views: 177
videos
Venezuela has defaulted on it's national debt after missing a $200 million payment according to a statement from international credit rating agency Standard & Poor's released Nov. 13.
https://wn.com/Venezuela_Defaults_On_National_Debt
Debt Crisis of United States of America 2018 Explained in a Simplified Way

Debt Crisis of United States of America 2018 Explained in a Simplified Way

  • Order:
  • Duration: 5:13
  • Updated: 09 Aug 2011
  • views: 1731432
videos
Debt Crisis in United States of America, A Simplified way of understanding the whole scenario of the debt crisis, the inevitable collapse of the american Economy. A must watch simple explanation video for understanding the scenario of US Economy, inflation, stagflation, recession etc. for all those who are considering to shift their jobs and businesses to US in coming future, Sorry for the outdated data figures in the video but it will give you a straight and simple idea about the thing. Debt Crisis: http://en.wikipedia.org/wiki/Debt_crisis US Debt Crisis 2013: http://en.wikipedia.org/wiki/United_States_debt-ceiling_crisis_of_2013 US debt crisis 2011: http://en.wikipedia.org/wiki/United_States_debt-ceiling_crisis_of_2011 Stagflation: http://en.wikipedia.org/wiki/Stagflation Some Featured Thoughts by viewers: David Hung: In order not to pay their debt , The evil U.S government will start wars all over the wold , like they always do in the past , in north Africa , Mid-East , South America & wish to overthrow their biggest creditor China . When U.S government use their borrow-money to build army , weapons & missile to kill human life , they even say they believe in God ,how would God answer this BS ! The most bad thing in the world is that you borrow money and you do not pay back , so you kill the person you borrow money from. Cassio VA : Solutions: 1- Make the bigs companies pay taxes 2- Stop burning money whit military things 3- Turn Communism Emperor Tikacuti : The preparation will be, WWIII and the collapse of the American imperial economy, because the American Empire owes more than 20 trillion dollars, both to the nations of the world and the government. If they continue to borrow money from other nations, other nations will feel threatened and will rise as anti-Americans, because they don't want their money to be stolen and borrowing money from the bank will lead to serious problems, for internal debt, whether banking, IRS, companies, insurances and even health care and whatever they're doing against nations and itself and citizens refuse to pay but spend on materials and products, the fault will not be the government but the people as well, because the American Empire isn't ruled by the government but by the people, who caused the collapse and starting a war against nations for resource like Nazi Germany. WWIII will lead the collapse of the American Empire and Capitalism, ending the Cold War and other problems and that time will come, when the bomb hits. Goler Soft 7: how does the government pay back the us debt by putting the fed printed money in banks all around america? and plus the fed charges interest witch puts the government in more debt. so basicly dats paying debt wit debt. also, how does paying back the debt with the federal reserve money cause inflation when the governments not putting the loaned fed money in the economy just using it on the debt? or mabey the government isnt using it to pay the debt. mabye there just putting it in the ecconomy causing inflation claiming there paying off the debt, but really causing inflation. but why? kalatapie: there are two easy steps in fixing the debt crisis: step 1: increce the taxes on the wealthy people. why? because it is not normal for a man to make more money a day than an american makes a lifetime! stem 2: reduce military spending. because, seriously, the cold war is over. you do not need to spend 20% of your GDP in the military considering that there is no major threat for your country. Demogorgon47 : And when the global financial collapse happens revolution will most likely begin. Millions will die from lack of resources and warfare. People will be calling for the heads of the douchebags that enacted the ridiculous federal reserves that corrupted the whole fucking system to begin with. Reserve banks are the cancer in the system. Loaning the people the nation's currency at interest in a huge fucking mistake. A robbery of the worst kind and it'll bring the whole system crashing down because a few greedy fucks decided to rob EVERYONE world wide. It's a broken system. Either replace it with a resource based economy or hold the greedy fucks accountable. Oh that's right they've got everyone in their pocket so they're untouchable. Fucking bullshit. Why is it no one listens to voice of reason? If people did so maybe we wouldn't be heading towards extinction by greed! My Facebook Page: https://www.facebook.com/AkashVedi.Page My Twitter Page: http://twitter.com/AkashVedi Video : Tequs http://tequs.com Like, Comment and Subscribe to the channel for more interactive updates.
https://wn.com/Debt_Crisis_Of_United_States_Of_America_2018_Explained_In_A_Simplified_Way
America's Debt Crisis Explained

America's Debt Crisis Explained

  • Order:
  • Duration: 5:06
  • Updated: 24 Feb 2014
  • views: 1035728
videos
Fact: America's national debt stands at $17 trillion. That's a tough number to grasp. Most people will never come close to making $1 million in any given year. How can we understand the magnitude of the hole our country is in? Well, imagine you owed your credit card company $200,000. On top of that you have to pay them about $4,000 per year in interest. You are bringing in $150,000 per year, but you are spending way more than that. How are you going to ever pay back that $200,000 debt? And what happens if you default? Well, that is America today. The problem is clear. And we brought Michael Tanner, a senior fellow at the Cato Institute, to propose a solution. Donate today to PragerU! http://l.prageru.com/2ylo1Yt Joining PragerU is free! Sign up now to get all our videos as soon as they're released. http://prageru.com/signup Download Pragerpedia on your iPhone or Android! Thousands of sources and facts at your fingertips. iPhone: http://l.prageru.com/2dlsnbG Android: http://l.prageru.com/2dlsS5e Join Prager United to get new swag every quarter, exclusive early access to our videos, and an annual TownHall phone call with Dennis Prager! http://l.prageru.com/2c9n6ys Join PragerU's text list to have these videos, free merchandise giveaways and breaking announcements sent directly to your phone! https://optin.mobiniti.com/prageru Do you shop on Amazon? Click https://smile.amazon.com and a percentage of every Amazon purchase will be donated to PragerU. Same great products. Same low price. Shopping made meaningful. VISIT PragerU! https://www.prageru.com FOLLOW us! Facebook: https://www.facebook.com/prageru Twitter: https://twitter.com/prageru Instagram: https://instagram.com/prageru/ PragerU is on Snapchat! JOIN PragerFORCE! For Students: http://l.prageru.com/29SgPaX JOIN our Educators Network! http://l.prageru.com/2c8vsff Script: If you are under, say, 30, you have a tsunami-sized problem coming toward you, and you probably don’t even know it. That killer wave is the national debt. Countries, like people, go into debt when they spend more than they have. You and I buy things with the money we earn. Governments buy things with money they get from taxes. When spending outstrips revenue, the government is “in the hole.” Right now, the hole is $17 trillion dollars deep. This is an incomprehensible number. What is a trillion dollars, let alone $17 or 20 trillion? Common analogies like “you’d have to stack $1 bills 67,000 miles high to reach the current debt,” though impressive-sounding, don’t help much, if it all. So, let’s bring the problem down to earth. Right now, most investors believe the United States is a safe bet. They believe, in other words, that they’ll get the money they loan to the US back with interest. But this can’t go on indefinitely. At some point investors are going to say, “you have too much debt; you’re a bad risk. No more money.” What happens then? We don’t have to guess. We can look at Europe, specifically Greece. Investors were happy to loan Greece money until 2010, when it finally dawned on them that Greece couldn’t possibly pay them back. Almost overnight, Greece became a very bad credit risk and the economy went into a death spiral. Businesses failed. Thousands were thrown out of work. The government couldn’t pay its bills. Germany and the other European economies had to step in and bail Greece out. But the Greeks suffered terribly. The same thing happened in Portugal and Spain. Yes, the United States is much, much bigger than Greece and has a much more dynamic economy. That’s true. But the principle doesn’t change. We can borrow more money than Greece, but sooner or later, investors will say “no more.” And if they ever do, our economy will go into the same downward spiral the Greek economy did. Here’s another point. At the time I am giving this course, the interest on our debt is very low, around 2%. But what happens when the interest rate rises from 2% to the much more normal 5% -- as it inevitably will? Where is the U.S. going to get the money to pay the higher interest on its enormous debt? Do we borrow even more? Well, that just gets us deeper in debt. Raise taxes? Well, that cuts economic growth. Then there’s the question of who these investors are who are loaning us all this money. The biggest investor right now is China, not exactly a trusted ally. The more money they loan us, the more influence they have over us. Maybe they’ll never exercise this power, but do we really want to give them the option? For the complete script, visit https://www.prageru.com/videos/americas-debt-crisis-explained
https://wn.com/America's_Debt_Crisis_Explained
Global debt defaults in 90 seconds | FT Markets

Global debt defaults in 90 seconds | FT Markets

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  • Duration: 1:53
  • Updated: 24 Nov 2015
  • views: 1476
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► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs Global debt markets are on the cusp of a rather unwanted milestone: the number of companies defaulting on their obligations this year has already reached 99, driven largely by struggling US shale gas providers. The FT's Gavin Jackson explains. For more video content from the Financial Times, visit http://www.FT.com/video Twitter https://twitter.com/ftvideo Facebook https://www.facebook.com/financialtimes
https://wn.com/Global_Debt_Defaults_In_90_Seconds_|_Ft_Markets
What Happens If You Don't Pay Off Your Student Loans?

What Happens If You Don't Pay Off Your Student Loans?

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  • Duration: 3:05
  • Updated: 16 Sep 2014
  • views: 475676
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Student debt has now surpassed 1 trillion dollars in the US. The high cost of education coupled with a rocky job market means that most students need to defer payments after graduation. How bad is defaulting on student loans? What happens when you just can't pay them? Go to http://testtube.ting.com to find out how much you could save by switching your mobile service. Get $25 in Ting credit and help support the show! Learn More: 3 Reasons to Never Default on Your Federal Student Loan http://www.forbes.com/sites/moneywisewomen/2012/08/29/3-reasons-to-never-default-on-your-federal-student-loan/ "You went to college for four years and got your degree. If you're like most Americans, you had to do it with a little help from Uncle Sam in the form of federal student loans." Don't ignore your student loan payments or you'll risk going into default https://studentaid.ed.gov/repay-loans/default "If you don't make your loan payments, you risk going into default." What Happens If I Ignore My Student Loans? http://www.foxbusiness.com/personal-finance/2014/06/10/what-happens-if-ignore-my-student-loans/ "By some estimates, nearly one in three student loan borrowers in repayment are behind on their payments. Some of those borrowers may be paying as much as they can, when they can, but others may feel their debt is hopeless and are taking the ostrich approach instead." Your Federal Student Loans: Learn the Basics and Manage Your Debt https://studentaid.ed.gov/sites/default/files/your-federal-student-loans.pdf "If you don't make payments for more than 270 days (except for Perkins Loans), your loan will go into default and your credit rating could suffer. If your credit rating is affected negatively, you may be denied future education or consumer loans, and you may not be able, for example, to obtain a mortgage, rent an apartment, buy a car, or secure employment." Watch More: Should the minimum wage be raised? https://www.youtube.com/watch?v=vg2xW1xFj2c&list=UUgRvm1yLFoaQKhmaTqXk9SA Subscribe! http://www.youtube.com/subscription_center?add_user=testtubenetwork _________________________ TestTube's new daily show is committed to answering the smart, inquisitive questions we have about life, society, politics and anything else happening in the news. It's a place where curiosity rules and together we'll get a clearer understanding of this crazy world we live in.
https://wn.com/What_Happens_If_You_Don't_Pay_Off_Your_Student_Loans
What Happens If A Country Goes Bankrupt?

What Happens If A Country Goes Bankrupt?

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  • Duration: 2:55
  • Updated: 06 Feb 2015
  • views: 810810
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Subscribe! http://bitly.com/1iLOHml Many countries have been almost or completely bankrupt in recent history with Greece now on the brink of bankruptcy. So, what happens when countries go bankrupt? Learn More: Syriza’s historic win puts Greece on collision course with Europe http://www.theguardian.com/world/2015/jan/25/syriza-historic-win-greece-european-union-austerity “European politics has been plunged into a volatile new era following a historic victory in Greece’s general election by far-left radicals committed to ending years of austerity.” Seized Argentinian sailing ship leaves Ghana http://www.theguardian.com/world/2012/dec/20/argentina-sailing-ship-ghana-release “An Argentinian navy ship detained for 10 weeks in Ghana because of a dispute with a US-based "vulture fund" has finally set sail from west Africa.” Iceland's Stabilized Economy Is A Surprising Success Story http://www.forbes.com/sites/traceygreenstein/2013/02/20/icelands-stabilized-economy-is-a-surprising-success-story/ “Faced with the possibility of financial failure, Iceland had to think on its feet. Instead of bailing out banks USA-style, the country forgave mortgage debt for the population – and completely started over from square one.” Watch More: What Do the UN and NATO Actually Do? https://www.youtube.com/watch?v=S6qWzFqs8iE Subscribe to TestTube Daily! http://bitly.com/1iLOHml _________________________ TestTube's new daily show is committed to answering the smart, inquisitive questions we have about life, society, politics and anything else happening in the news. It's a place where curiosity rules and together we'll get a clearer understanding of this crazy world we live in. Watch more TestTube: http://testtube.com/testtubedailyshow/ Subscribe now! http://www.youtube.com/subscription_center?add_user=testtubenetwork TestTube on Twitter https://twitter.com/TestTube Trace Dominguez on Twitter https://twitter.com/TraceDominguez TestTube on Facebook https://facebook.com/testtubenetwork TestTube on Google+ http://gplus.to/TestTube Download the New TestTube iOS app! http://testu.be/1ndmmMq Special Thanks to Matt Lieberman for hosting TestTube! Check Matt out on Twitter: https://twitter.com/mattlieberman
https://wn.com/What_Happens_If_A_Country_Goes_Bankrupt
Venezuela in default: What next? 🇻🇪 | Counting the Cost

Venezuela in default: What next? 🇻🇪 | Counting the Cost

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  • Duration: 24:56
  • Updated: 18 Nov 2017
  • views: 18334
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Oil-rich Venezuela has always paid its debts - even at the expense of its citizens. But this week, everything changed: Venezuela is now officially in default, which means it's officially bankrupt. Rating agency Standard & Poor's declared the nation in 'selective default' on Monday after it failed to make $200m in repayments for global bonds due in October. As more payments are due, Venezuela is facing what could be a messy financial unravelling. And that's not a good situation for its starving population as state assets may have to be sold off to pay credit holders. President Nicolas Maduro is acutely aware that he is running out of money, and he wants to restructure the billions owed to China, Russia and oil service providers. Russia has already agreed to restructure $3bn worth of debt held by Moscow. But US sanctions mean that other credit holders can't even be in the same room as those negotiating the restructuring. And it's not clear what's going to happen next. "Where we go from here is anyone's guess," explains Edward Glossop, an emerging markets economist at Capital Economics in London. Venezuela's debt "restructure talks look doomed to fail and it's only a matter of time before the government and state-owned oil company outright defaults on its external debt." "One of the key hurdles for the restructuring is US financial sanctions which prevent US investors from participating in any restructuring or refinancing deal ... and that's why we think the restructuring and refinancing is likely to fail in the current environment," says Glossop. Also on this episode of Counting the Cost: Zimbabwe's broken economy: Zimbabwe's army seized control of the country on Tuesday night, claiming it was removing "criminals" around Robert Mugabe, and held the president and his family under house arrest. But can the military intervention really bring change for the country's ailing economy? The price of Bitcoin jumped as much as 10 percent on Zimbabwe's Golix exchange on Wednesday after the country's army seized power. Zimbabweans, just like Venezuelans, are buying things they think might retain value. Alisa Strobel, a senior economist at IHS Markit from Cape Town, offers her take. Lebanon's economic squeeze: Caught in the middle of a bitter Saudi-Iran rivalry, worries are growing about the outlook for the Lebanese economy. Growth has slowed to just over two percent a year from an average of eight percent before the war in Syria. But regional rivalries between Saudi Arabia and Iran have raised fears of a Qatar-style blockade. The recent resignation of Prime Minister Saad Hariri in Riyadh under mysterious circumstances has not been resolved. Just before he quit, the government had managed to pass a budget after years of political stalemate. Sami Atallah, the director of the Lebanese Center For Policy Studies in Beirut assesses why this matters for the region. Digital pills: It's been called the world's first digital medicine, and analysts say it could open up a new frontier in the Internet of Things. The US Food and Drug Administration just approved a digital pill. Basically, it's a sensor the size of a grain of sand. Once swallowed, it will send data to a smartphone app when patients have taken their medication. Kristen Saloomey reports from New York. Lab meat: Research shows that the global meat industry produces more greenhouse gas emissions than all cars, planes, trains and ships combined. But scientists in the Netherlands say they are close to bringing laboratory-grown meat to the market. This could slice emissions and save energy, reports Fleur Launspach from Amsterdam. More from Counting the Cost on: YouTube - http://aje.io/countingthecostYT Website - http://aljazeera.com/countingthecost/
https://wn.com/Venezuela_In_Default_What_Next_🇻🇪_|_Counting_The_Cost
Puerto Rico Defaults on Debt Payments

Puerto Rico Defaults on Debt Payments

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  • Duration: 5:38
  • Updated: 06 Jan 2016
  • views: 219
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Puerto Rico has defaulted on a $174 million debt, most of which were in the form of municipal bonds. The default was defended by Puerto Rico’s governor who stated, “It’s very simple. We don’t have money to pay.” Standards & Poor’s ratings agency, will downgrade the infrastructure authority’s rating from CC to D. Jose Marcelino Ortiz and Nik Zecevic further detail the default on the Lip News. http://www.nytimes.com/2016/01/05/business/dealbook/puerto-rico-defaults-on-debt-payments.html?_r=0 Newest Lip News playlist: https://www.youtube.com/watch?v=hqgo8_2AGOg&index=1&list=PLjk3H0GXhhGcjJDo6cQBCQprDMQyUQY3r CRIME TIME clips playlist – https://www.youtube.com/watch?v=P5wL7UpAnJc&index=1&list=PLjk3H0GXhhGeC9DbpSnIvd2i9BHh2dBvv BYOD (Bring Your Own Doc) Highlight Videos- https://www.youtube.com/watch?v=gd6emlqJNLg&index=1&list=PLjk3H0GXhhGeu2DCf6Ouo7hTsA5QB2MAL MEDIA MAYHEM short videos playlist - https://www.youtube.com/watch?v=2IgQuyszsMM&index=1&list=PLjk3H0GXhhGcz4un-zws5sMlCLk3NNjDP http://www.thelip.tv https://www.facebook.com/thelip.tv http://www.youtube.com/theliptv
https://wn.com/Puerto_Rico_Defaults_On_Debt_Payments
Why Does Greece Have So Much Debt?

Why Does Greece Have So Much Debt?

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  • Duration: 3:27
  • Updated: 16 May 2015
  • views: 856592
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Subscribe! http://bitly.com/1iLOHml With about $400 billion in debt and a broken economy, Greece is in trouble. But, how did Greece end up with such a high debt, and who do they owe money to? Learn More: Greece's Debt Due: What Greece Owes When http://graphics.wsj.com/greece-debt-timeline/ "Greece is negotiating with its eurozone creditors to get more aid before the indebted government runs out of cash." Explaining the Greek Debt Crisis http://www.nytimes.com/2015/04/09/business/international/explaining-the-greek-debt-crisis.html "Greece, the weak link in the eurozone, is struggling to pay its debt as its people and its creditors grow more restive." Greek debts: what does it owe? When will the money run out? http://www.theguardian.com/business/2015/apr/24/greek-debts-what-does-it-owe-when-will-the-money-run-out "Crunch talks between Greece and its eurozone creditors are under way, but investors are growing increasingly sceptical that the country can reach an agreement on reforms and unlock the aid it needs from international lenders to avoid a debt default." Greek debt crisis: Who has most to lose? http://money.cnn.com/2015/01/28/investing/greek-debt-who-has-most-to-lose/ "Greece and its international lenders have embarked on a battle over the country's staggering debt." Watch More: What Happens If A Country Goes Bankrupt? https://www.youtube.com/watch?v=3PZDLG-rtGs&list=UUgRvm1yLFoaQKhmaTqXk9SA Subscribe to TestTube Daily! http://bitly.com/1iLOHml _________________________ TestTube's new daily show is committed to answering the smart, inquisitive questions we have about life, society, politics and anything else happening in the news. It's a place where curiosity rules and together we'll get a clearer understanding of this crazy world we live in. Watch more TestTube: http://testtube.com/testtubedailyshow/ Subscribe now! http://www.youtube.com/subscription_center?add_user=testtubenetwork TestTube on Twitter https://twitter.com/TestTube Trace Dominguez on Twitter https://twitter.com/TraceDominguez TestTube on Facebook https://facebook.com/testtubenetwork TestTube on Google+ http://gplus.to/TestTube Download the New TestTube iOS app! http://testu.be/1ndmmMq Special thanks to Lissette Padilla for hosting TestTube! Check Lissette out on Twitter:https://twitter.com/lizzette
https://wn.com/Why_Does_Greece_Have_So_Much_Debt
Venezuela DEFAULTS As Country Completely COLLAPSES! - What This Means

Venezuela DEFAULTS As Country Completely COLLAPSES! - What This Means

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  • Duration: 20:14
  • Updated: 17 Nov 2017
  • views: 11052
videos
Josh Sigurdson talks with author and economic analyst John Sneisen about one of the last straws in the crumbling country of Venezuela. Default. Venezuela is officialy defaulting on bond pay-outs and we at WAM have been predicting this for a long time. The oil dependent country has seen hyperinflation in the past nearly two years. The socialist totalitarian government has seen its innevitable end, but it's not giving in without a fight and it appears they hope to bring down as many of their own people as humanly possible. With vast amounts of printing of the Venezuelan Bolivar, we're seeing people bring stacks of money to the store to weigh after waiting in excrutiatingly long bread lines. People have been forced to break into zoos in order to feed their families. The country has run out of toilet paper. People are attempting to flee only for the government to make them wait ridiculously long periods of time to actually get a passport. Recently, Maduro put forward "The Rabbit Plan" which gave starving families rabbits to breed and eat. The problem (among many) is that the people begun keeping them as pets. Besides, it's an absolute joke to taunt your own people by giving them rabbits, all while Maduro isn't afraid to eat an empanada on live television. The fact is, socialism always ends with the leaders living in palaces and the people drinking out of gutters. John breaks down the growing trend of using Bitcoin in Venezuela as cash is hyperinflated into oblivion. Predators are also coming out of the woodwork as Russia announced they will restructure 3.15 billion dollars of debt payments that Venezuela owes Moscow, all the time knowing that they would default. Stay tuned as we continue to cover this astonishing issue. Our thoughts and prayers are with the people of Venezuela. Video edited by Josh Sigurdson Featuring: Josh Sigurdson John Thore Stub Sneisen Graphics by Bryan Foerster and Josh Sigurdson Visit us at www.WorldAlternativeMedia.com LIKE us on Facebook here: https://www.facebook.com/LibertyShallPrevail/ Follow us on Twitter here: https://twitter.com/WorldAltMedia FIND US ON STEEMIT: https://steemit.com/@joshsigurdson BUY JOHN SNEISEN'S LATEST BOOK HERE: Paperback https://www.amazon.com/dp/1988497051/ref=zg_bs_tab_pd_bsnr_2?_encoding=UTF8&psc=1&refRID=ZBK6VTXQRA2F77RYZ602 Kindle https://www.amazon.ca/dp/B073V5R72H/ref=sr_1_1?s=digital-text&ie=UTF8&qid=1500130568&sr=1-1 DONATE HERE: https://www.gofundme.com/w3e2es Help keep independent media alive! Pledge here! Just a dollar a month can help us stay on our feet as we face intense YouTube censorship! https://www.patreon.com/user?u=2652072&ty=h&u=2652072 BITCOIN ADDRESS: 18d1WEnYYhBRgZVbeyLr6UfiJhrQygcgNU World Alternative Media 2017 "Find the truth, be the change!"
https://wn.com/Venezuela_Defaults_As_Country_Completely_Collapses_What_This_Means
UN Fears 3rd Leg of finanical crisis coming next - global debt defaults

UN Fears 3rd Leg of finanical crisis coming next - global debt defaults

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  • Duration: 9:07
  • Updated: 22 Sep 2016
  • views: 91
videos
http://www.telegraph.co.uk/business/2016/09/21/un-fears-third-leg-of-the-global-financial-crisis-with-epic-debt/
https://wn.com/Un_Fears_3Rd_Leg_Of_Finanical_Crisis_Coming_Next_Global_Debt_Defaults
Discharge Credit Card Debt

Discharge Credit Card Debt

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  • Duration: 11:36
  • Updated: 12 Feb 2017
  • views: 17894
videos
www.stopthepirates.blogspot.com The non-adversarial, administrative approach shows you how to use 3 different ways to use the UCC administrative processes for those who are not in default or in danger of default. All are non-adversarial ways to eliminate credit card debt and cost the same no matter the number of credit cards, the amount owed, or the number of times you wish to use the process to eliminate credit card debt. We show you how to use a commercial filing of a lien against a constructive trust account at the US Treasury which with proper forms and procedures gives you status as First Creditor. Transferring assets within the national bankruptcy you can discharge your debt as you reduce the national debt. You might be able to continue to use the credit card....and keep on discharging it! The third wau to eliminate credit card debt utilizes the law of contract to change the contract the same way the credit card "lender" often changes it without you knowing it. This third process to eliminate credit card debt is called Novation.
https://wn.com/Discharge_Credit_Card_Debt
Can UK default on national debt? Yes! Only Question Time EVER to discuss. Winner: Germaine Greer

Can UK default on national debt? Yes! Only Question Time EVER to discuss. Winner: Germaine Greer

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  • Duration: 14:54
  • Updated: 28 Sep 2015
  • views: 7414
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Skip straight to the best bit from Germaine Greer https://youtu.be/ASjQGhagBgQ?t=4m3s Here's the complete episode from Wrexham - 29th January 2015 https://www.youtube.com/watch?v=D7hgQ4BmizA Sajid Javid MP: Conservative Culture Secretary Peter Hain MP: Former Labour Secretary of State for Wales Rhun ap Iorwerth AM: Plaid Cymru's Economy Spokesman Germaine Greer: Author and Critic Kate Maltby: Telegraph.co.uk Blogger (a diabolical performance) Only mass default will end the world's addiction to debt As global debt rises off the scale, creditors stand to take a huge hit in a threatened tsunami of defaults http://www.telegraph.co.uk/finance/comment/jeremy-warner/11448051/Only-mass-default-will-end-the-worlds-addiction-to-debt.html Argentina's Christina Kirshner seems to regard default as a matter of some national pride It will be you next. Argentina's Christina Kirchner seems to regard default as a matter of some national pride Photo: Reuters Jeremy Warner By Jeremy Warner7:04PM GMT 03 Mar 2015 In a valedictory speech at the weekend of characteristically Latin American duration – a mind-numbing three hours – the Argentine president, Cristina Fernandez de Kirchner, claimed that her country was the only one in the world to have reduced its national debt over recent years. I doubt she is right about being alone in this “achievement” – there must surely be others - but even if she is, I’m not sure that reduction in the national debt via the mechanism of default is anything to boast of. Only Kirchner could think this a matter of national pride. Nonetheless, where Argentina treads, others will surely soon be following. The world is sinking under a sea of debt, private as well as public, and it is increasingly hard to see how this might end, except in some form of mass default. Greece we already know about, but the coming much wider outbreak of debt repudiation will not be confined to sovereign nations. Last week, there was another foretaste of what’s to come in developments at Austria’s failed Hypo Alpe-Adria-Bank International. Taxpayers have had enough of paying for the country’s increasingly crisis-ridden banking sector, and have determined to bail in private creditors to the remnants of this financial road crash instead - to the tune of $8.5bn in the specific case of Hypo Alpe-Adria. Finally, creditors are being made to pay for the consequences of their own folly. You might have thought that a financial crisis as serious as that of the past seven years would have ended the world economy’s addiction to debt once and for all. It has not. If anything, the position has grown even worse since the collapse of Lehman Brothers. Related Articles Cowardly politicians aren’t up to fixing NHS 27 Feb 2015 Don’t bother to save - there’s no point any more 28 Feb 2015 Jeremy Warner: Greece is on a fast track out of the euro 14 Feb 2015 Jeremy Warner: Despite the boasts, UK is bottom on deficit reduction 07 Feb 2015 According to recent analysis by McKinsey Global Institute, global debt has increased to the tune of $57 trillion, or 17pc, since 2007, with little sign of a slowdown in sight. Much of this growth has been in emerging markets, which were comparatively unaffected by the financial crisis. Yet even in the developed West, private sector deleveraging has been limited and, in any case, more than outweighed by growing public indebtedness. The combined public sector debt of the G7 economies has grown by 40 percentage points to around 120pc of GDP since the crisis began, according to the Bank of International Settlements. There has been no overall deleveraging to speak of. Where the West left off, Asia has taken up the pace, with a credit-induced real estate bubble that makes its pre-crisis Western counterpart look tame by comparison, much of it fuelled, as in Western economies, by growth in the shadow banking sector. China’s total indebtedness has quadrupled since 2007 to $28 trillion, according to estimates by McKinsey. At 282pc of GDP, the debt burden is now bigger, relative to output, that the US. Attempts to rein in this growth have so far proved problematic. The Chinese property market has slowed markedly, which in turn has knocked the stuffing out of the all-important construction sector and its feeder industries. Starved of its regular fix of debt, the Chinese economy seems as incapable of generating decent levels of growth as the mature economies of the West. The addiction to credit has gone global....
https://wn.com/Can_UK_Default_On_National_Debt_Yes_Only_Question_Time_Ever_To_Discuss._Winner_Germaine_Greer
The Benefits of Defaulting on a Student Loan

The Benefits of Defaulting on a Student Loan

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  • Duration: 18:02
  • Updated: 22 Aug 2016
  • views: 11475
videos
You shouldn't do it but it's not the end of the world.
https://wn.com/The_Benefits_Of_Defaulting_On_A_Student_Loan
Puerto Rico Defaults On Debt for First Time

Puerto Rico Defaults On Debt for First Time

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  • Duration: 0:51
  • Updated: 03 Aug 2015
  • views: 677
videos
Puerto Rico defaulted on its full payment of its bonds for the first time in the commonwealth government's history. The island territory paid $628,000 out of a $58 million payment on its Public Finance Corp bonds which were due August 1st. But Puerto Rico's head of Government Development Bank said in a statement that the decision to not make the full payment balanced the obligations to creditors and citizens. The government did not wish to see a loss in social services, which is why they chose to default. The default comes as Puerto Rican leaders of both main political parties have asked Congress to allow them to restructure some of its debt that way states can do, as in the case of Detroit. http://feeds.nbcnews.com/c/35002/f/663303/s/48ac8655/sc/24/l/0L0Snbcnews0N0Cnews0Clatino0Cpuerto0Erico0Edefaults0Edebt0Efirst0Etime0En40A3371/story01.htm http://www.wochit.com This video was produced by Wochit using http://wochit.com
https://wn.com/Puerto_Rico_Defaults_On_Debt_For_First_Time
REALIST NEWS - Business Debt Defaults Are Now Higher Than Previous Recession

REALIST NEWS - Business Debt Defaults Are Now Higher Than Previous Recession

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  • Duration: 18:25
  • Updated: 26 May 2016
  • views: 7936
videos
Subscribe to my other channel The Political Gameshow: https://www.youtube.com/c/thepoliticalgameshow http://www.jmbullion.com (Recommended for Silver and Gold Purchases.) http://www.realistnews.net
https://wn.com/Realist_News_Business_Debt_Defaults_Are_Now_Higher_Than_Previous_Recession
What Happens When a Bond Defaults

What Happens When a Bond Defaults

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  • Duration: 4:08
  • Updated: 17 Oct 2012
  • views: 630
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http://www.learnbonds.com/bond-default/ - We here about bond defaults all the time but what exactly happens when a corporate bond defaults?
https://wn.com/What_Happens_When_A_Bond_Defaults