The United States is the largest borrower in the world. The US national debt has already exceeded the level of 11 trillion dollars as of the beginning of 2009 and continues to grow like an avalanche. Experts say that the USA has only two ways to solve the problem: to either declare default or trigger off a war

When Bush became president in 2001, the United States’ public debt was 5.8 trillion dollars. Today the public debt stands at 8.3 trillion dollars. Of this over $2.2 trillion dollars are held by foreigners. United States has a GDP of 12.4 trillion dollars. This gives U.S. a Debt/GDP ratio of 66%, placing it in 35th place (out of 113) on the ranking of the Debtor Nations

The USA’s national debt is increasing by $2.43 billion everyday. People expect the state debt to top the ten trillion dollar mark in the next few years. A special huge electronic display in New York which shows in real time the size of state debt will not be able to cope with such a high figure. In 1989 the national debt clock was placed in Times Square so that Americans could see how effectively their government was working. At the time the national debt stood at 2.7 trillion dollars.

This week began with the opening of the international oil exchange in Iran. The intrigue of the situation is accentuated by the fact that trading will take place in euros. Alarmists and antiglobalists from all countries have rushed to describe this as yet another sentence against the hegemony of the dollar and the USA.

An economic crisis may occur in the USA the day after tomorrow, if American congressmen do not decide to increase borrowings to USD 9 trillion by the time they leave for their autumn recess. On 6 March the Head of the Treasury John Snow warned congressmen that by 20 March the USA may exceed the fixed limit of $8.2 trillion.

When will Americans realize that at this moment, the world stands one or two decisions away from WWIII?
When will Americans recognize that theirs is a polarized, politically segregated society, not unlike those they helped create in Iraq and Palestine? When will they come to the realization that their political process is nothing more than a collusive duopoly and, as such, borderline totalitarian? When will Americans refuse to participate in sham federal elections? When will they recognize that all the accumulated data from study after study clearly shows that America is in real crisis across the entire socioeconomic, political and foreign policy spectrum?

How many times have we heard that filthy lie, "It's for your own good," as politicians and their owners overstuff their pockets and fat stomachs at your expense?
Well, the other boot has finally dropped, and embedded in the rears of America's working families. We saw it coming; the first thud was a pro-big-money overhaul of bankruptcy procedures that forces single mothers and workers unemployed by federal free-trade sellouts to pay off their debts, even if they can't buy groceries for their children. Debtors are forced to pay for indoctrination classes, even if they are disabled or lost their jobs, where they are given a restructuring plan to pay back debts after being 'allowed' a small amount for monthly living

The US administration aims to spend $286 billion on the development of the American transport system
US President George W. Bush released a remarkable statement a short time ago. The remark has not been highlighted in the world media yet, although there is every reason to do so. Bush virtually acknowledged that the USA was experiencing a serious economic crisis. Moreover, the US government was taking immense efforts to avoid a massive outbreak of social uneasiness, the American president believes

Two months before the G8 leaders discuss debt relief for Africa, what are the issues at stake?
The basic and fundamental question at stake here is whether or not the richer nations are committed to helping Africa or to perpetuating endemic poverty, holding the continent hostage in a stranglehold which they refuse to loosen. On 6th July, at Gleneagles in Scotland, the leaders of the eight richest nations will gather to discuss the issue of debt relief for Africa

It was a hard decision for Russia to make, but it finally joined other creditors
The Paris Club of creditors decided to cancel 80 percent of the Iraqi debt to its members. Russia was the last country to support the decision. The Iraqi foreign debt is estimated at the total of $120 billion; the war-torn country owes $42 of it to the Paris Club. The USA insisted on canceling almost the entire debt for the country, the economy of which the States will have to retrieve