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The Real Story Behind America's New $20 Trillion Debt

The Real Story Behind America's New $20 Trillion Debt

Authored by Simon Black via SovereignMan.com,

Late yesterday afternoon the federal government of the United States announced that the national debt had finally breached the inevitable $20 trillion mark.

This was a long time coming. It should have happened back in March, except that a new debt ceiling was put in place, freezing the national debt.

For the last six months it was essentially illegal for the government to increase the debt.

Details Of Steve Bannon's "Closed To The Press" China Speech Leak

Details Of Steve Bannon's "Closed To The Press" China Speech Leak

Earlier this morning former White House Strategist Steve Bannon spoke at the CLSA investor forum in Hong Kong.  While the event was originally intended to be open to the press via a live stream, CLSA officials later closed the interview to outsiders...presumably Bannon's flare doesn't quite fit with China's desire to control media narratives. That said, luckily one local NEAsia correspondent, Wei Du, was kind enough to live tweet portions of Bannon's speech for our reading pleasure.

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