- As of the fourth quarter of 2018, household debt in the US totaled $13.54 trillion. The largest portion of this is mortgage debt, which totalled $9.12 trillion. [source]As of March 2019, total credit card debt is $1.057 trillion, which is an average of $8,286 per household. The...
GST Original Articles
By Kollibri terre Sonnenblume / 06 June 2019
Forgiving Debt to Invest in Environmental Healing Fir seedling, in author’s hand [photo by author] “I want you to act as if the house is on fire. Because it is.” —Greta Thunberg The US economy is awash in debt.
By Kristine Mattis / 02 June 2019
Fantasy and Fatality in the Facebook Era: A Lamentation for My Father Not everything that is faced can be changed, but nothing can be changed until it is faced. --James Baldwin Seven weeks ago, my father died - abruptly, unexpectedly, and prematurely. I say that as a simple matter of fact because despite my utter heartbreak, no amount of euphemisms or platitudes will change the reality of the situation. Some people might find it odd to state that my father died prematurely... Read more
By Robert Hunziker / 02 June 2019
In August of 1987 the world came together after a panic attack over ongoing depletion of atmospheric ozone: The Ozone Hole. Subsequently, global agreements to stop ozone depletion became the first ever “universally ratified treaties in UN history.” The world banned chlorofluorocarbons CFCs. Thereafter, an era of good feeling about ozone restoration swept the world community and 25 years afterwards Science News magazine reported: “Ozone Hole at Smallest Size in Decades” (October 26, 2012). ... Read more
By Ellen Brown / 02 June 2019
This article is excerpted from my new book Banking on the People: Democratizing Money in the Digital Age, available in paperback June 1. The U.S. federal debt has more than doubled since the 2008 financial crisis, shooting up from $9.4 trillion in mid-2008 to over $22 trillion in April 2019. The debt is never paid off. The government just keeps paying the interest on it, and interest rates are rising. In 2018, the Fed announced plansto raise rates by 2020 to “normal” levels — a fed funds... Read more