“The Great Insect Dying” in Europe and North America, Numerous Insect Species in Decline, Confirmed by Entomologists – Global Research


10-06-19 06:37:00,

In recent months a debate over whether a global insect apocalypse is underway has raged in the mainstream media and among researchers. To assess the range of scientific opinion, Mongabay interviewed 24 entomologists and other scientists working on six continents, in more than a dozen countries, to better determine what we know, what we don’t, and, most importantly, what we should do about it.

This is part two of a four-part exclusive series by Mongabay senior contributor Jeremy Hance. Read Part I, “A global look at a deepening crisis” here.

Tyson Wepprich, a postdoctoral research associate at Oregon State University, was only supposed to be looking at the presence or absence of butterfly species in Ohio. But news of insect decline, in blockbuster studies from Germany and Puerto Rico, changed his plans. His team is now also looking hard at overall abundance — and the early results aren’t good.

“The trends are similar to those in long-term European butterfly monitoring where abundance, summed across all species, is declining at around 2 percent per year,” he says of the team’s unpublished work, and “about twice as many species are declining rather than increasing.”

Wepprich’s ongoing research is just another sign that something may be seriously amiss with the world’s insects — something some entomologists have privately suspected, but which they are only now beginning to prove and publish about.

“I used to think of conservation as policies to save rare species from extinction,” Wepprich says, but adds he now believes conserving abundance must also be a part of any successful environmental strategy.

A “typical malaise [trap] catch in the good old days” before insect decline swept Western Europe, as described by researcher Hans de Kroon. Malaise traps are the typical traps used to capture insects over time. Image by the Entomological Society Krefeld.

Insects: A conservation black hole

Despite the fact that arthropods make up most of the species on Earth, and much of the planet’s biomass, they are significantly understudied compared to mammals, plants, birds, amphibians, reptiles, fish and much else.

The IUCN Red List, for example, has assessed just 8,131 insect species regarding their extinction risk,

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Escobar: The Great Bilderberg Secret Of 2019


06-06-19 08:24:00,

Authored by Pepe Escobar via The Saker blog,

Why Trump Now Wants Talks With Iran

If Tehran blocks the Strait of Hormuz it could send the price of oil soaring and cause a global recession

Iranian soldiers take part in National Persian Gulf Day in the Strait of Hormuz on April 30, 2019. There is concern about a blockade of the Strait and the disastrous impact that could have on the price of oil and world financial markets. Photo: AFP / Atta Kenare

Unlike Deep Purple’s legendary ‘Smoke on the Water’ – “We all came out to Montreux, on the Lake Geneva shoreline”, the 67th Bilderberg group meetings produced no fire and no smoke at the luxurious Fairmont Le Montreux Palace Hotel.

The 130 elite guests had a jolly good – and theoretically quiet – time at the self-billed “informal discussion forum concerning major issues”. As usual, at least two-thirds were European decision-makers, with the rest coming from North America.

The fact that a few major players in this Atlanticist Valhalla are closely associated with or directly interfering with the Bank for International Settlements (BIS) in Basel – the central bank of central banks – is of course just a minor detail.

The major issue discussed this year was “A Stable Strategic Order”, a lofty endeavor that can be interpreted either as the making of a New World Order or just a benign effort by selfless elites to guide mankind to enlightenment.

Other items of discussion were way more pragmatic – from “The Future of Capitalism”, to “Russia”, “China”, “Weaponizing Social Media”, “Brexit”, “What’s Next for Europe”, “Ethics of Artificial Intelligence” and last but not least, “Climate Change”.

Disciples of Antisthenes would argue that these items constitute precisely the nuts and bolts of the New World Order.

The chairman of Bilderberg’s steering committee, since 2012, is Henri de Castries, former CEO of AXA and the director of the Institut Montaigne, a top French think tank.

One of the key guests this year was Clement Beaune, the European and G20 counselor to French President Emmanuel Macron.

Bilderberg prides itself for enforcing the Chatham House Rule,

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Great March of Return and Breaking the Siege: Worldwide Solidarity this Weekend – Global Research


31-03-19 07:35:00,

As we approach the one-year anniversary of the Great March of Return and Breaking the Siege in Gaza – also the 43rd anniversary of Land Day – Samidoun Palestinian Prisoner Solidarity Network joins Palestinians and people around the world in encouraging all supporters of justice to join in solidarity actions at this critical timeLand Day has been marked since 1976 not only to highlight Palestinians’ connection to the land and their struggle to liberate it from ongoing colonialism, but also to remember the six Palestinians slain on 30 March of that year in Palestine ’48 as they protested against land theft and confiscation.

Palestinians in Gaza, 70 percent of them refugees denied their right to return home, marked Land Day in 2018 with a massive march, bringing tens of thousands and even more to the colonially-imposed “border” and its associated “fence.” They demanded not only an end to the suffocating siege under which they have suffered for over a decade, progressively intensifying and persisting through three devastating wars. They also brought to the forefront the core of the Palestinian struggle for liberation: the right of Palestinian refugees to return to their homes and lands confiscated by Zionist colonization. It is a struggle that belongs not only to the Palestinians in Gaza, but to all Palestinians around the world, especially those in the refugee camps in Lebanon, Syria, Jordan and those Palestinians dispersed even further from their homeland.

For organizing in a mass, collective demonstration highlighting this most fundamental Palestinian right, these demonstrators have faced brutal repression and killing for nearly one year. Medics, journalists, children, elders and people with disabilities have been shot down in cold blood by Israeli occupation forces as they protested for their right. And despite the killing, they have persisted and remained, marching each Friday to claim their rights in an uprising that has inspired people around the world, and especially Palestinians, with a clear commitment to achieving their goals: return and liberation.

Indeed, the Israeli occupation state has repeatedly attempted to pressure Palestinians into stopping the marches, through continuing and intensified siege, military attack and brutal military might. Despite the impunity Israeli officials enjoy and the unparalleled support they receive from the U.S.

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Towards a Great Albania


20-02-19 03:43:00,

In violation of UNSC Resolution on the end of the Nato war against Serbia in 1999, Kosovo has now equipped itself with an army.

According to the Prime Minister of Kosovo, Ramush Haradinaj, an agreement was concluded with his Albanian partner, Edi Rama, under which the border between the two States will be abolished on 1 March 2019.

Furthermore, during a Joint Council Meeting of Albania and Kosovo, a common fund was established to promote both states joining the EU.

When the Albanian Prime Minister was received by the Kosovo Parliament, he set out the plan for a common foreign and security policy, with ambassadors representing both states and one President for both states.

On 15 February 2019, he appeared on the TV channel Vizion Plus and spoke about the merger of the two States, assuring that this would be the solution to the problem of Kosovo, something which contravenes the UNSC Resolution. Great Albania would then be the first Muslim State to be a member of the European Union.

While this was happening, you have on the one hand the Albanian populations in Montenegro, Macedonia and Greece getting ready to ask if they can form part of Great Albania and the Greek minority, that live in South Albania, on the other hand, immediately requesting, that should this plan be implemented, they should not join Great Albania but be incorporated into Greece.

In practice, Kosovo in its present form, is a huge US military base and Albania functions as the CIA’s European Heartbeat.

On 17 February 2019, the 11th anniversary of the independence of Kosovo, was celebrated with a procession of the new army of Kosovo. Parliament held an extraordinary session in the presence of the Prime Ministers of Kosovo and Albania. Also present at the session were the former Italian Prime Minister Massimo D’Alema and the former head of the Mission of Verification in Kosovo, William Walker, who attributed the massacre of Račak to Serbia to justify the Nato intervention.

By a curious reversal of thinking, the US and Turkey are now supporting the plan for a Great Albania when before they had accused Belgrade of wanting to create Great Serbia (later on, the charge of an alleged “Plan fer à cheval” turned out to be nothing but a lie concocted by Nato) and they bombed it.

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The Great Myths that Never Die: Rothschilds & Petrodollar | Armstrong Economics


15-02-19 07:56:00,

The two major myths that I get asked about all the time are the Rothschilds and whether pricing oil in yuan or euro will cause the dollar to collapse. I think I know something about the Rothschilds. I was even offered an investor back in the 1980s who wanted to buy into the company, and it was one of the Rothschilds. Nevertheless, it seems as though these legends live on for centuries and no one bothers to review the evidence.

Rothschild Mayer_AmschelThe Bible of the Rothschild conspiracy comes from “The Creature from Jekyll Island.” This popular book is probably the most distorted review of history I have ever encountered. It contains a quote that is often attributed to Mayer Rothschild, and I dare to find anyone who can come up with this quote that preexisted the publication of this book. I believe it was just made up. The quote claims that Mayer Rothschild once said:

“Let me issue and control a nation’s money and I care not who writes the laws.”

The reason why this quote is fake is rather clear. The US did not begin to issue paper money until 1861, nearly 50 years after his death. It wasn’t until 1921 when the Bank of England gained a legal monopoly on the issue of banknotes in England and Wales. The entire authority to issue banknotes started with the Bank Charter Act of 1844 when the ability of other banks to issue notes was restricted. The first banknotes were originally hand-written and were merely like checks. It was not until 1725 when cashiers had to sign each note and make them payable to someone. Actually, printed banknotes at the Bank of England began in 1855, which was about 40 years after Mayer was dead.

The quote was made up to justify this idea that the Federal Reserve was evil and owned by bankers who could create money at will. The entire problem was completely distorted, for the ability to create an elastic money supply during a recession and the Fed would be able to buy corporate paper which was redeemed upon expiration. It was World War I when Congress instructed the Fed to buy government debt to fund the war and never restore the structure to what it once was.

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The New “Great Game in Eurasia”, Decline of the American Empire? Chinese Scholar Offers Insight into Beijing’s Strategic Mindset – Global Research


08-01-19 05:26:00,

Essay by security expert Professor Zhang Wenmu gives a glimpse of China’s geostrategic outlook, from the ‘Western Pacific Chinese Sea’ to the far side of the moon


The top story of 2019 – and the years ahead – will continue to revolve around the myriad, dangerous permutations of the economic ascent of China, the resurgence of nuclear superpower Russia and the decline of the US’s global hegemony.

Two years ago, before the onset of the Trump administration, I sketched how the shadow play might proceed in the New Great Game in Eurasia.

Now the new game hits high gear; it’s the US against the Russia-China strategic partnership.

Diplomatic capers, tactical retreats, psychological, economic, cyber and even outer space duels, all enveloped in media hysteria, will continue to rule the news cycle. Be prepared for all shades of carping about authoritarian China, and its “malign” association with an “illiberal” Russian bogeyman bent on blasting the borders of Europe and “disrupting” the Middle East.

Relatively sound minds like the political scientist Joseph Nye will continue to lament the sun setting on the Western liberal “order,” without realizing that what was able to “secure and stabilize the world over the past seven decades” does not translate into a “strong consensus … defending, deepening and extending this system.” The Global South overwhelmingly begs to differ, arguing that the current “order” was manufactured and largely benefits only US interests.

Expect exceptionalists to operate in condescending overdrive, exhorting somewhat reluctant “allies” to help “constrain” if not contain China and “channel” – as in control – Beijing’s increasing global clout.

It’s a full-time job to “channel” China into finding its “right” place in a new world order. What does the Chinese intellectual elite really think about all this?

Never fight on two fronts

An unparalleled roadmap may be provided by Zhang Wenmu, national security strategy expert and professor at the Center of Strategic Studies of the University of Aeronautics and Astronautics in Beijing, who wrote an essay published in August 2017 in the Chinese magazine Taipingyan Xuebao (Pacific magazine), that was translated recently into Italian by Rome-based geopolitical magazine Limes.

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Documentaire: The Great Global Warming Swindle – Geotrendlines


06-01-19 12:05:00,

De documentaire Great Global Warming Swindle veroorzaakte controverse toen het op 8 maart 2007 op het Britse Channel 4 in première ging. Een documentaire van de Britse televisieproducent Martin Durkin, die vraagtekens zet bij de vrijwel onbetwiste consensus dat de opwarming van de aarde door de mens veroorzaakt wordt. De makers van deze documentaire beweren dat de wetenschappelijke theorie van antropogene opwarming van de aarde wel eens de ‘grootste zwendel van de moderne tijd’ zou kunnen zijn.

Volgens Martin Durkin is de belangrijkste oorzaak van klimaatverandering niet menselijke activiteit, maar veranderingen in straling van de zon. Sommigen hebben deze documentaire ‘Great Global Warming Swindle’ de definitieve tegenhanger van Al Gore’s ‘An Inconvenient Truth’ genoemd. Met behulp van een uitgebreid scala aan bewijsmateriaal wordt beweerd dat opwarming in de afgelopen 300 jaar een natuurlijk herstel was van een ‘kleine ijstijd’. Volgens het programma hebben mensen wel een effect op het klimaat, maar het is oneindig klein vergeleken met de enorme natuurlijke krachten die constant de gemiddelde temperatuur op aarde beïnvloeden.

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17-10-18 12:23:00,

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Shameem Osman

October 13, 2014

“The wars of the 21st century will be fought over water”.
It was Muammar Gaddafi`s dream to provide fresh water for all Libyans and to make Libya self-sufficient in food production.
Muammar Gaddafi carried out the world’s largest irrigation project, known as the ‘Great Man-Made River project’.
In 1953 while drilling for oil in southern Libya,
workers found instead a huge freshwater sea beneath the sands,
a vast ocean called the Nubian Sandstone Aquifer System (NSAS),
which stretches beneath Libya, Egypt, Chad and Sudan.
The water had accumulated during the last ice age.
Its reserves are estimated to be the equivalent to about
500 years of Nile River flow
and are expected to last a thousand years.

Western technicians said that Libya did not have the expertise
to exploit this underground ocean; but in the early 1980s
Colonel Muammar Gaddafi initiated the Great Man-Made River Authority,
a 25-billion-dollar project
to raise the water and pipe it across the desert.
At the time of the NATO-led war against Libya in 2011, three phases of the Great Man-Made River Project were completed. The first and largest phase, providing two million cubic metres of water a day along a 1,200 km pipeline to Benghazi and Sirte. 
In 1999, UNESCO accepted Libya’s offer to fund the Great Man-Made River International Water Prize, an award that rewards remarkable scientific research work on water usage in arid areas.
Many foreign nationals worked in Libya on the Great Man-Made River Project for decades. But after the start of NATO’s so-called humanitarian bombing of the North-African country in March 2011, most foreign workers have returned home. In July 2011, NATO not only bombed the Great Man-Made River water supply pipeline near Brega, but also destroyed the factory that produces the pipes to repair it,  » Lees verder

The Great Depression II

The Great Depression II

17-10-18 08:01:00,

Authored by Jeff Thomas via InternationalMan.com,

Whenever a movie has been a huge hit, the film industry tries to follow it up by doing a sequel. The sequel is almost invariably far more costly, as there’s the anticipation by those who create it that it will be an even bigger blockbuster than the original.

The Great Depression of the 1930’s is seen by most people to be the be-all and end-all of economic catastrophes and there’s good reason for that. Although the economic cycle has always existed, the period leading up to October 1929 was unusual, as those in the financial sector had become unusually creative.

Brokers encouraged people to buy into the stock market as heavily as they could afford to. When that business began to level off, they encouraged people to buy on margin. The idea was that the buyer would only put up a fraction of the money for the purchase and the broker would “guarantee” full payment to the seller. As a condition to the agreement, the buyer would have to relinquish to the broker the right to sell his stock at any point that he wished, should he feel the need to do so to get himself off the hook in the event of a significant economic change.

Both the buyer and the broker were buying stocks with money that neither one had. But the broker entered into the gamble so that he could charge commissions, which he would be paid immediately. The buyer entered into the gamble, as he had been promised by the broker that stocks were “going to the moon” and that he’d become rich.

Banks got into the game, as well. At one time, banks took money on deposit, then lent that money out at interest. They would always retain a percentage of the deposited money within the bank to assure that they could meet whatever the normal demand for withdrawals might be. But, eventually, bankers figured out that, if they were prepared to gamble, they could lend out far more money – many times the amount that they had received on deposit. As long as very few loans turned bad, they would eventually get the money back,

 » Lees verder

Great Short Putin Interview During 1st Days in Office in 2000 – He Already Had a Plan

Great Short Putin Interview During 1st Days in Office in 2000 – He Already Had a Plan

06-10-18 11:40:00,

Fascinating interview from Putin’s very first days in office in 2000 when Russia was hitting rock bottom after the catastrophic Yeltsin years.

He is visibly awkward, not used to talking to the media, but towards the end he says some very revealing things which shows that even then he had a clear vision of what he thought needed to be done.

Very much worth watching this one.

This post first appeared on Russia Insider

Anyone is free to republish, copy, and redistribute the text in this content (but not the images or videos) in any medium or format, with the right to remix, transform, and build upon it, even commercially, as long as they provide a backlink and credit to Russia Insider. It is not necessary to notify Russia Insider. Licensed Creative Commons

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SouthFront, a Great Creator of Independent, Honest Analysis of Conflict Zones Is at Risk of Failing Unless We Support Them Now

SouthFront, a Great Creator of Independent, Honest Analysis of Conflict Zones Is at Risk of Failing Unless We Support Them Now

27-08-18 05:50:00,

We highly recommend these guys – they do amazing work. Please support them.


In August, SouthFront has faced signficant problems with collecting the minimum budget needed to continue its work. So far, the project has collected only about 60% of the needed amount.

SouthFront Is Close To Crisis

If SouthFront does not collect the needed budget in August, the project will be forced to reduce the content production or even to halt its work, at least temporarily, in September.

Earlier this month, SouthFront Team released a 1.5-hour long video on the conflict in Syria, “Russian Military Campaign in Syria 2015-2018” and a military analysis of the Chinese Naval expansion “Chinese Naval Expansion Hits High Gear“.

The project has also started preparing on a documentary on the Turkish-backed factions and Ankara’s strategy in northwestern Syria and a video analysis comparing naval forces of the US, China and Russia as well as other intersting analyses on various topics.

Without immediate help from the audience, SouthFront will not be able to continue its work.


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Borneo – the Great Ancient Culture has been Destroyed | New Eastern Outlook

Borneo – the Great Ancient Culture has been Destroyed | New Eastern Outlook

26-06-18 05:21:00,


Would you ever think of the third largest island on Earth – Borneo (known as Kalimantan in Indonesia) – as one of the cradles of the world’s democracy? Perhaps you wouldn’t, but you should.

While Europe was engaged in myriads of internal as well as expansionist wars, in the once lush, tropical Borneo, people who belonged to the ancient local cultures, used to decide things communally, by consensus, or should we use the Western term, “democratically”. Judged by today’s standards, they were also living the lives of determined ‘environmentalists’, showing great respect for the nature around them – for all living creatures, plants, deep forests, wide rivers as well as humble creeks.

True, local people – Dayaks – were often marked as “headhunters”, at least by the European Orientalists. But that was only one of many features of their culture. Dayaks spoke at least 170 languages and dialects, enjoying complex fabric of cultures, customs and laws.

The bottom line is: in many ways and for many centuries, traditional Dayaks were able to co-exist perfectly well with their island and with the surrounding environment.

If left alone, that is what they would still be doing now – living their own lives, in their own place, and most likely, living well.

Unfortunately, that was not meant to be.

Borneo was attacked, colonized and devastated by European invaders. For a short period, the Japanese occupied the island, and then the Europeans came back again, before “independence” saw the island divided between three sovereign countries: Indonesia, Malaysia and Brunei Darussalam.

Things did not get much better. The brutality – almost madness – of the Indonesian plunder which took place after the 1965 Western-orchestrated military coup (backed by foreign mining and logging interests); the plunder of the natural resources of Kalimantan, has been legendary. For Jakarta and for its foreign handlers, the so-called transmigration made looting much easier, while turning local people into a minority and into serfs on their own land.

Dayak culture is now only truly ‘alive and well’ in a few untouched pockets in the deep interior.

There, people still remember and know how Borneo used to be. They also understand what should and could be done in order to save it.

 » Lees verder

Make PEACE GREAT again!

Make PEACE GREAT again!

18-06-18 08:28:00,

Ik hoop wel dat de demonstratie op 7 juli in Brussel tegen de NAVO groot wordt.” Tijdens een fietsvakantie door Noord-Duitsland bezoek ik een vriendin in Bremen. Zij haalt me met deze woorden uit de natuur en cultuur weer naar de politieke werkelijkheid. Ze begint over de twee-procentsnorm die de NAVO de lidstaten denkt te kunnen opleggen.

(Door Martin Broek, oorspronkelijk verschenen op konfrontatie)


Koud terug in Amsterdam bezoek ik een avond georganiseerd door Studenten Internationale Betrekkingen, Rood en Niet in mijn Naam. Een aftrap naar de anti-NAVO demonstratie? Enigzins. De titel is Permanente oorlog in het Midden-Oosten; is het einde in zicht? Sprekers zijn Sadet Karabulut (SP-kamerlid), Ludo de Brabander (schrijver en vredesactivist van het Vlaamse Vrede) en Sinan Can (documentaire maker, veelal over oorlog en conflict in het Midden-Oosten en Noord-Afrika).


Alle drie de sprekers betogen dat je met bommen geen conflicten op kan lossen en zeker geen vrede kan brengen. Opmerkelijk is dat ze de start van de huidige conflicten allemaal ergens anders leggen. Sadet Karabulut begint op 11 september 2001, in lijn met een nieuwe brochure van de SP over de Permanente oorlog. Die maakt van de oorlog tegen Irak een onderdeel van de strijd tegen het terrorisme, terwijl die oorlog al in het najaar van 1990 begon, nooit meer ophield en in 2003 verhevigd werd.

Ludo de Brabander laat het conflict in het begin van de vorige eeuw beginnen, als de koloniale machten hun politiek met onderdrukking en geweld vorm geven. Hij haalt een stadswijk in Damascus aan die in die tijd is gebouwd omdat de Fransen hem hadden vernietigd bij het neerslaan van een opstand. (Hij schreef er al over in zijn laatste boek.)

Sinar Can doet er nog een schep bovenop. Hij verteld hoe Libië in de Romeinse tijd niet bestond, maar dat het drie afzonderlijke provincies waren. Dat die structuur altijd dominant is gebleven en nu met het uiteenvallen van het construct Libië weer aanwezig is. Als je niets doet aan de grondoorzaken blijven conflicten woekeren, was zijn boodschap.


Staten, de elite, de 1%, ze hebben belangen te verdedigen en soms doen ze dat militair. Die belangen bestaan uit grondstoffen,

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Great John Pilger Interview – the Disgraceful Persecution of Julian Assange

Great John Pilger Interview – the Disgraceful Persecution of Julian Assange

15-06-18 08:26:00,

Link to audio at end of article

In a recent communication between Randy Credico, an Assange supporter, comic and radio producer, and Adam Schiff, the ranking member on the House Judiciary Committee, Assange’s fear of arrest and extradition to the US was confirmed by the leader of the Russia-gate frenzy.

Credico received the following response from Schiff after meeting the the Congressman’s staff, in which Credico was trying to connect Assange with Schiff: “Our committee would be willing to interview Assange when he is in U.S. Custody and not before.”

Dennis Bernstein spoke with John Pilger, a close friend and supporter of Assange on May 29. The interview began with the statement Bernstein delivered for Pilger at the Left Forum last weekend in New York on a panel devoted to Assange entitled, “Russia-gate and WikiLeaks”.

Pilger’s Statement

“There is a silence among many who call themselves left. The silence is Julian Assange. As every false accusation has fallen away, every bogus smear shown to be the work of political enemies, Julian stands vindicated as one who has exposed a system that threatens humanity. The Collateral Damage video, the war logs of Afghanistan and Iraq, the Cablegate revelations, the Venezuela revelations, the Podesta email revelations … these are just a few of the storms of raw truth that have blown through the capitals of rapacious power.

The fakery of Russia-gate, the collusion of a corrupt media and the shame of a legal system that pursues truth-tellers have not been able to hold back the raw truth of WikiLeaks revelations. They have not won, not yet, and they have not destroyed the man. Only the silence of good people will allow them to win. Julian Assange has never been more isolated. He needs your support and your voice. Now more than ever is the time to demand justice and free speech for Julian. Thank you.”

Dennis Bernstein: We continue our discussion of the case of Julian Assange, now in the Ecuadorian embassy in Great Britain. John Pilger, it is great to talk to you again. But it is a profound tragedy, John, the way they are treating Julian Assange, this prolific journalist and publisher who so many other journalists have depended on in the past.

 » Lees verder

This May Be The Beginning Of The Great Financial Reckoning

This May Be The Beginning Of The Great Financial Reckoning

12-02-18 11:24:00,

Authored by Simon Black via SovereignMan.com,

Less than two weeks ago, the United States Department of Treasury very quietly released its own internal projections for the federal government’s budget deficits over the next several years.

And the numbers are pretty gruesome.

In order to plug the gaps from its soaring deficits, the Treasury Department expects to borrow nearly $1 trillion this fiscal year.

Then nearly $1.1 trillion next fiscal year.

And up to $1.3 trillion the year after that.

This means that the national debt will exceed $25 trillion by September 30, 2020.

Remember, this isn’t some wild conspiracy theory. These are official government projections published by the United States Department of Treasury.

This story alone is monumental– not only does the US owe, by far, the greatest amount of debt ever accumulated by a single nation in human history, but $25 trillion is larger than the debts of every other nation in the world combined.

But there are other themes at work here that are even more important.

For example– how is it remotely possible that the federal government can burn through $1 trillion?

Everything is supposedly totally awesome in the United States. The economy is strong, unemployment is low, tax revenue is at record levels.

It’s not like they had to fight a major two front war, save the financial system from an epic crisis, or battle a severe economic depression.

It’s just been business as usual. Nothing really out of the ordinary.

And yet they’re still losing trillions of dollars.

This is pretty scary when you think about it. What’s going to happen to the US federal deficit when there actually IS a financial crisis or major recession?

And none of those possibilities are factored into their projections.

The largest problem of all, though, is that the federal government is going to have a much more difficult time borrowing the money.

For the past several years, the government has always been able to rely on the usual suspects to loan them money and buy up all the debt,

 » Lees verder