Financial and Economic Updates by Marc Nonnenkamp
The most recent monthly update is on top, followed by archives going back to the first monthly update in December of 2011. Please join hundreds of thousands of visitors from 196 countries (speaking 154 languages) including 50 US States and visit our new website at www.financialecononomicupdate.com. Financial, Economic and Social Mood Update (April 2, 2025) The USA has been effectively bankrupt for some time now – in other words, before the time of the current administration, its immediate predecessors, before the time of Barack Obama, and before the time of both Bush Presidencies. The national debt of the USA (USD $36.6 TRILLION) and especially the off-balance sheet items including unfunded liabilities for pensions, social security, healthcare, Medicare, Medicaid and the like (USD $281.5 TRILLION) cannot be paid off in any “normal” way. This will be done through a form of bankruptcy which must necessarily involve payment in the form of physical assets to the holders of debt. Even financially healthy companies and entities “downsize” with short term staff reductions of 30 percent or so. What…