Federal Debt Held by the Public Totals $107,000 Per Household

Experts say looming debt could lead to a financial crisis

The federal debt held by the public totals more than $13 trillion, or about $107,000 per household in the United States, according to a report released this month by the Cato Institute.

Andrei Illarionov: Putin had been planning war against Ukraine for 11 years

Just like the invasion of Georgia being well planned years in advance. For those who never knew or missed the news, here is a piece from 2014 implicating the Putin regime that shines light on the neo-Soviet Union’s imperialist ambitions in resurrecting its Russian Empire:

 

 

The conflict in Donbas cannot be resolved by negotiations.

A former advisor to Vladimir Putin, economist Andrei Illarionov, says that the conflict in Ukraine is in actual fact a war of Russia against Ukraine. As said by him, the Russian military command had been planning the conflict for at least 11 years, YLE informs with a reference to an Estonian newspaper Postimees.

Andrei Illarionov: Putin had been planning war against Ukraine for 11 years

 

The conflict in Donbas cannot be resolved by negotiations.

A former advisor to Vladimir Putin, economist Andrei Illarionov, says that the conflict in Ukraine is in actual fact a war of Russia against Ukraine. As said by him, the Russian military command had been planning the conflict for at least 11 years, YLE informs with a reference to an Estonian newspaper Postimees.

Vladimir Putin ‘Wants to Regain Finland’ Says Close Adviser

Andrej Illiaronov, Putin’s economic adviser between 2000 and 2005 and now senior member of the Cato Institute think tank, said that “parts of Georgia, Ukraine, Belarus, the Baltic States and Finland are states where Putin claims to have ownership.”

“Putin’s view is that he protects what belongs to him and his predecessors,” he said.

When asked if Putin wishes to return to the Russia of the last tsar, Nicholas II, Illiaronov said: “Yes, if it becomes possible.” 

Chinese spies attending US universities, says expelled Peking University professor

A prominent Beijing scholar who recently fled to the United States has warned that China was sending “spies” to American universities, and urged US institutions to tread carefully on academic co-operation.

Xia Yeliang is one of the original signatories of Charter 08, a petition for reform whose Nobel Prize-winning lead author Liu Xiaobo is in prison.

Why the EU Crisis Will Be Bigger and Worse Than 2008

As noted earlier today, the entire European banking and corporate system is over-burdened with debt.

Jagadeesh Gokhale of the Cato Institute puts the situation as the following, “The average EU country would need to have more than four times (434 percent) its current annual gross domestic product (GDP) in the bank today, earning interest at the government’s borrowing rate, in order to fund current policies indefinitely.”

Suffice to say, no EU country has that kind of money lying around.