First, let me say that none of what I am writing is related to the on-goings in the Ukraine at this time.

The United States is still the world’s leader in terms of GDP. Despite growing poverty – the numbers, as real as they are assumed to be, look impressive. The United States…. along with its citizens, is up to its neck in debt. The United States’ impressive GDP numbers have been created by debt. More debt will not cause any growth. The debt on the books will likely send the country into a massive depression.

Russia typically runs a budget surplus. Continue reading →

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