Comments on: U.S. and UK on brink of debt disaster

By: James S. Klich II

James S. Klich II — Tue, 14 Jul 2009 02:48:43 +0000

The United States debt is manageable. Inflation will take off sometime in 2010. The biggest threat to the U.S. in the future is environmental degradation around the globe. Our debt is not that big of a problem all things considered.

By: Putting it all in perspective - A short analysis « Alexandra Hamilton’s Blog

Thu, 07 May 2009 13:03:37 +0000

[...] is caused by a huge debt bubble that the private sector generated. Reuters columnist John Kemp wrote in his blog on Jan. 20 about the public sector and the private sector debt. I especially recommend [...]

By: Bull Run

Bull Run — Thu, 02 Apr 2009 23:07:51 +0000

The problem with America’s bloated GDP, is that it is the sum of domestic production, much of which is the low paying service industry and does not reflect what each individual takes home. It’s individual disposable income that 1) pays down debt 2) invests in durable goods, not the summation of GDP. America’s economy of importing Chinese goods at extrememly low prices, which reflect China’s small GDP number, then reselling these goods by 500% mark-up at Wal-Mart, is what constitutes America’s bloated GDP, which does little to resolve American’s immediate financial concerns.

By: Kevin Gage

Kevin Gage — Sun, 08 Mar 2009 17:15:26 +0000

I am in full agreement with this article. Consumption will not return to previous levels until we de-leverage our economy (per capita consumption highs my never return since it was driven so much by debt). Either excess income will go toward debt reduction or (and most likely), defaults will increase putting more pressure on banks and bond holders. In my mind, short term, deflation is the risk in the economy. Inflation may be the only solution to get us out of this mess. Either way, not a bullish scenario for the stock market.

By: Problem: The US financial crisis was predicted and martial law is upon us - Page 28 - India Broadband Forum

Thu, 12 Feb 2009 20:13:23 +0000

[...] why he uses that figure. To do so we must differentiate between public & private debt. As this article explains its the private sector debt that has shot up much more than public debt over the last cpl [...]

By: Jubilee

Jubilee — Wed, 04 Feb 2009 21:36:33 +0000

Thank you for helping spread awareness of the core problem: the cancer of debt. The only solution to this debt deflation is Jubilee, the cancellation of debt. Our financial and economic systems can be reset, giving all a fresh start, but we have to demand the correct action from our leaders. Help spread the good news of the Jubilee Year!

By: the giant ponzi scheme - Tilted Forum Project - TFP - Sexuality, Philosophy and Political Discussion

Wed, 04 Feb 2009 04:17:46 +0000

[...] in financial markets had them totalling $860 trillion. That’s about 15x gross global production. The Great Debate Debate Archive U.S. and UK on brink of debt disaster | The Great Debate | [...]

By: Gerard Pierce

Gerard Pierce — Tue, 03 Feb 2009 06:35:00 +0000

A slightly different way of looking at the problem: There are too many people and businesses that are trying to make a living on someone else’s back.

The way that they do this is through credit and debt.

Gereral Motors does no make any money by manufacturing cars. The profits come from the GMAC loans to people who buy a car.

Almost any merchandise you can buy has layer after layer of finance taking a small bite at each level of production. And this is in the US where we think we do not have a value added tax.

We’ve reached the point where the financial vampires are draining enough blood that the economy can no longer work.

By: Casa Food Shed » Blog Archive » We can’t grow our way out of our economic pickle

Sat, 31 Jan 2009 00:58:44 +0000

[...] columnist John Kemp says the solution must be some combination of policies to reduce the level of debt or raise nominal GDP. “Reducing the level of debt” can be accomplished either by bankruptcy or inflation. [...]

By: Capital Abierto

Capital Abierto — Tue, 27 Jan 2009 20:56:45 +0000

[...] de la solución. John Kemp, un columnista de la agencia Reuters, comentó recientemente en una columna que Estados Unidos y el Reino Unido están al borde de la mayor crisis financiera de la que [...]