by Peter Schiff, Schiff Gold:
The great anti-federalist Brutus wrote, “I can scarcely contemplate a greater calamity that could befall this country, than to be loaded with a debt exceeding their ability ever to discharge.”
And here we are.
With little fanfare, the national debt blew past $32 trillion last week.
As of June 15, the national debt stood at a cool $32.04 trillion.
And when you factor in unfunded liabilities in Medicare and Social Security, the debt skyrockets to well over $100 trillion.
Earlier this month the bank agreed to pay $290 million in a similar lawsuit brought by alleged victims of disgraced American financier Jeffrey Epstein. The lawsuit has broken open the ties and dealings the bank had maintained with Epstein for years.
Ready for a thought-provoking rollercoaster? Join Jason and Matt of the Free Thought Project as they interview esteemed libertarian Tom Woods. Woods is the New York Times bestselling author of 20 books, including The Politically Incorrect Guide to American History and Meltdown (on the financial crisis of 2008).
