Brics is a grouping of the world economies of Brazil, Russia, India, China, and South Africa. It comprises about 27% of the world's mass and 42% of the global population. This organization meets annually at formal summits and coordinates multilateral policies in the face of intensifying geopolitical and economic competition with the West. Brics has… Continue reading Brics
Tag: Debt
Inflation is Here and it is the Poor Who Will Suffer
The much feared inflation is now certainly here. The recent Consumer Price Index increased to 6.2% from a year ago, the biggest inflation surge in 30 years. The national debt has ballooned to around 29 trillion, over $80,000 per citizen. As a result, the federal government's debt burden in 2021 will be larger than the… Continue reading Inflation is Here and it is the Poor Who Will Suffer
The Coming Inflation
With the trillions in spending recently passed by Congress and another 3.5 trillion proposed by the Democrats the country is bracing for a reemergence of inflation. Being almost 30 trillion in debt at this point and running a large annual budget deficit the United States can only print money to pay the increasing debt and… Continue reading The Coming Inflation
