Free Republic

WALL Street executive Edward Dowd alleges the Covid crisis was manufactured to solve governments’ out of control debt crises. His 20 years’ experience with high-profile financial crashes alerted him to a potential underlying fraud being used to wipe the books clean. Dowd watched the 1990s internet dotcom bubble burst and witnessed the 2008 global recession caused by fraudulent trading in the US property market, so has a nose for these things. And with governments still saddled with debt from both those disasters (the UK’s public debt is £2.1trillion, double pre-2008, while the US debt had tripled at $30trillion) something mighty...

America's national debt just hit another sobering milestone. Total public debt outstanding is now above $30 trillion, according to Treasury Department data published Tuesday. Government borrowing accelerated during the Covid-19 pandemic as Washington spent aggressively to cushion the economic blow from the crisis. The national debt has surged by about $7 trillion since the end of 2019. It's impossible to know how much debt is too much, and economists remain divided over how big of a problem this really is. But the latest debt milestone comes at a delicate time as borrowing costs are expected to rise. After many years...