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It's a question that puzzles many: if every nation is in debt, who exactly holds all that money? Who is the lender? This video dives into the structure of the global financial system to answer this fundamental paradox. In this clip, wolff responds to the common confusion surrounding sovereign debt. We explore who actually buys government bonds and how national debts are created and financed. This wolff responds analysis demystifies the difference between internal and external debt. The discussion clarifies the roles of central banks, private financial institutions, and even other countries in holding this debt. This wolff responds segment...

Summary DOGE disbanded eight months ahead of scheduled end in July 2026 Former DOGE employees take new roles in administration Elon Musk initially led DOGE, promoting its work on social media WASHINGTON, Nov 23 (Reuters) - U.S. President Donald Trump's Department of Government Efficiency has disbanded with eight months left to its mandate, ending an initiative launched with fanfare as a symbol of Trump's pledge to slash the government's size but which critics say delivered few measurable savings. "That doesn't exist," Office of Personnel Management Director Scott Kupor told Reuters earlier this month when asked about DOGE's status. It is...

While Chancellor Friedrich Merz’s government is catapulting Germany into a debt spiral, long-struggling Argentina has begun paying down its liabilities. President Javier Milei is holding up a mirror to Berlin’s debt-addicted political class -- and the reflection is one of unmistakable failure. It took Argentina’s President Milei barely six months, right in the middle of the severe economic crisis he inherited from his socialist predecessors, to clean up a completely ruined public budget. That was in June of last year. This week, the Finance Ministry in Buenos Aires reported something that, in Germany today, would probably be dismissed as fiscal...

Good question. Maybe the inflation of the Biden Regency has impacted the prices of political campaigns? Of course, Republicans don't seem to have the same issues with donors as Democrats. Nor do they have the same leftover bills that Kamala Harris left the DNC, either. DNC chair Ken Martin paints the move to tap credit as a sign of investment, but the New York Times doesn't quite buy it:The Democratic National Committee took out a $15 million loan last month to replenish its shrunken coffers before elections in Virginia and New Jersey and to keep operations fully funded entering 2026,...

This is a pretty good review of economic crashes.

Notionally, Americans have never been better off. The ructions in tech stocks over the past few weeks cannot detract from the fact that the US economy has been outgunning other developed economies all century. The overall graph of real disposable income for Americans continues to trend upward, almost as if the sharp dip during the pandemic had not happened. That is certainly not true everywhere: in many countries, Covid has been followed by stagnation in GDP and wages. Yet, for all the wealth generated, many Americans simply do not feel that they are living in a thriving country. On the...

What’s clear is that the 2024 election was not the final boss. It didn’t destroy wokeism. You have to picture the spider in The Lord of the Rings, Shelob, crawling back into her cave after being stabbed by Samwise. Is she injured? Yes. Dead? No. She will probably be back to kill you. Republicans and pundits and podcasters will come up with all sorts of reasons for the latest losses (including blaming the Jews), but it comes down to fundamentals. Ground game. Optics. And of course, “It’s the economy, stupid!” The GOP has no ground game in part because it...

Dressing up like Wolverine or Cersei Lannister is probably more fun than scouring the classifieds for menial jobs. Imagine you're a college graduate stuck in a perpetually lousy economy. That's a problem Japanese twenty-somethings have faced for more than 20 years. Two decades of stagnation after the collapse of the 1980s real-estate and stock bubbles — combined with labor laws making it tough to fire older workers — have relegated vast numbers of Japanese young adults to low-paying, temporary contract jobs. Many find themselves living with their parents well into their twenties and beyond, unmarried and childless. Then again, they...

They Designed a System You Can Never EscapeWatch here Every country on earth is in debt. The US owes $38 trillion. The planet owes $315 trillion. But if everyone owes money, who is owed? The answer will change how you see the entire financial system. WHY WATCH THIS VIDEO: (15 Mins) This video reveals the documented history of how four bankers across three centuries engineered a system where debt can never be repaid. You'll discover: ✓ How William Paterson's 1694 Bank of England charter made government debt permanent for the first time in history ✓ Why Nathan Rothschild's bond market...

“We’re gonna be issuing dividends later on, somewhere prior to — the middle of next year, a little bit later than that,” he said, noting it would include “Thousands of dollars, for individuals of moderate income.” [Scott] Bessent also floated a rough income limit of $100,000 that would disqualify higher income families from receiving the dividend.

Mississippi turns a corner, but can the federal government?The future for our state looks bright. In just the past five years, Mississippi has seen more economic growth than in the entire 15 years before that combined.We’re on track to phase out the state income tax entirely, allowing families to keep more of what they earn. Mississippi has attracted a surge of new investment, and for the first time in years, our workforce participation rate is finally heading in the right direction.Zoom out, and the picture gets even better. Contrary to the endless gloom from the pundits, the American economy has...

Time is short for the Trump administration. Last week's elections were a setback, but not a devastating one: New Jersey is still a blue state, and while Virginia went red four years ago, it's been trending Democratic for more than a decade. Republicans also fared poorly in Pennsylvania, however, an all-important presidential battleground. Democrats even made inroads deep into the South, taking two state senate seats in Mississippi -- ending a GOP supermajority -- and picking up city council spots in South Carolina and Florida. With results like these, the Republicans' razor-thin majority in Congress won't survive the midterm elections...

President Donald J. Trump inherited an economic mess when he took office. Years of mismanagement under Biden, his incompetent Administration, and Democrats in Congress — who spent years insisting inflation was “transitory” while doling out trillions in new spending and dramatically upscaling government — brought the country to the brink of economic ruin.Since Day One, the Trump Administration has been on a mission to tame Biden’s inflation crisis, stop the sky-high Biden price increases, and lower costs for everyday families — and while it can’t happen overnight, evidence shows the trend is in the right direction.President Trump tamed Biden’s inflation...

The U.S. Mint on Wednesday ended production of the penny, a change made to save money and because the 1-cent coin that could once buy a snack or a piece of candy had become increasingly irrelevant. The last pennies were struck at the mint in Philadelphia, where the country's smallest denomination coins have been produced since 1793, a year after Congress passed the Coinage Act. Officials said the final few pennies would be auctioned off. "God bless America, and we're going to save the taxpayers $56 million," U.S. Treasurer Brandon Beach said just before hitting a button to strike the...

-50 year mortgages -600,000 chinese students -ANTIFA riots -Bombing Iran -No Epstein Files -Antisemitism crackdowns -ISIS in White House -InflationMAGA is losing me, to he honest.My life has seen zero improvement since Trump took office. It's actually worse.Americans Last.

President Donald Trump announced on Sunday that he will give a $2,000 check to every American, which will come from the tariff revenue collected by the administration. “A dividend of at least $2000 a person (not including high income people!) will be paid to everyone” Trump wrote on Truth Social, adding that those against tariffs are “fools.” While this proposal would likely need to be passed by Congress, it resembles legislation introduced this summer by Republican Sen. Josh Hawley’s (R-Mo.) this summer, to give $600 tariff rebates to nearly all Americans and their dependent children. “My legislation would allow hardworking...

President Trump proposed 50-year mortgages to improve housing affordability by lowering monthly payments. While longer terms reduce payments, they also slow equity buildup and are currently not allowed under the Dodd-Frank Act.

Younger consumers and households earning under $100,000 are cutting back on restaurant spending, Chipotle CEO Scott Boatwright said this week, while noting a broader pullback across the industry, as shares of fast casual chains from Sweetgreen to Cava also continue to slide.

Americans are always worrying about debt: their own and their government’s.This visualization, via Visual Capitalist's Pallavi Rao, maps each state by their household debt-to-income ratios (DTI) in Q1, 2025, revealing which states carry the heaviest burdens and which ones keep borrowing in check.Data for this visualization comes from the Federal Reserve. The highest ratio is visualized per state.ℹ️ Debt includes mortgages, autos, credit cards, etc., and excludes student loans. Income is based on unemployment insurance-covered wages, as reported to the Bureau of Labor Statistics.Which States Carry the Most Debt?Two states share the top spot: Idaho and Hawaii both post a...

I know many claim things are better but the there are 0.97 open jobs to every 1 unemployed...Businesses are closing right and left..Banks are in trouble, repos are at record levels, Credit Card defaults are at atmospheric levels. Beginning to look like 1929...the beginnings of it anyway...Let them eat cake I guess... October layoffs Amazon 30,000+ UPS 46,000 Target 1,800 Paramount 1,000 Applied Materials 1,400 Sika 1,800 And many more