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Even before his coronation in 1626, King Charles I of England was almost bankrupt. His predecessors King James and Queen Elizabeth had run the royal treasury down to almost nothing. Costly war and military folly had taken its toll. The crown had simply wasted far too much money, and brought
In case you missed it, yesterday we alerted you that the United States government has now officially accumulated $19 trillion in debt. This time it took them just 427 days of printing to pile on this last trillion dollars, compared to the over 75,000 days it took to rack up
On October 22, 1981, the national debt in the United States of America hit $1 trillion for the first time in history. It had taken the US federal government over two centuries to reach that mark. And in that period, America had won its independence and built a nation from
It’s been nearly a dozen years now that I’ve been living abroad as an expat. In that period I’ve lived in at least half a dozen countries and traveled to more than 100 on all seven continents. People often ask me questions like when am I going ‘back home’, as
This week I’ve been down in Southern Chile with the Board of Directors of our agricultural company. It’s summertime right now, and the weather is absolutely gorgeous. Last night, after a long day visiting one of the farms I had a chance to sit down with Tim Price to share
Let’s take a moment to compare the world today to before the Global Financial Crisis struck roughly eight years ago. In this short period of time, US federal government debt has DOUBLED. The Federal Reserve now holds $2.4 trillion of that debt, up from $479 billion. Interest rates, which were
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