News — debt

Burning Money In The Middle East

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Burning Money In The Middle East

If you have ever wondered how America is capable of building up a nearly $22 trillion debt, here is an example to illustrate how such a feat is achieved. The Pentagon has spent nearly $43 million on a project in Afghanistan: building a single gas station. A comparable gas station usually costs around $500 thousand. The best way to keep safe According to a report from the Special Inspector General for Afghanistan Reconstruction (SIGAR), the Defense Department did not cooperate fully with the investigation. In addition to the comically high example of overspending, investigators were unable to confirm whether the...

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China Already Owns The World

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China Already Owns The World

For those who are following the violent oppression of Hong Kong's protesters, we are seeing the emergence of a China free from international sanctions and condemnation. While American debt to China is a common topic, eight countries (Djibouti, Tajikistan, Kyrgyzstan, Laos, Maldives, Mongolia, Pakistan, and Montenegro) are on the brink of becoming Chinese colonies by financial default. Based on current Chinese polices at home and abroad, the future of these countries is bleak. ย  According to the Kiel Institute for the World Economy, a think tank based in Germany, the amount of money other countries owed China soared more than...

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