The United States owes a lot of money. For now, there is no debt ceiling - it has been suspended - but in 10 days that changes, and who knows what happens then.
For some context as to just how much money the US owes - and what the debt ceiling looks like - Demonocracy is back...
One Hundred Dollars
$100 - Most counterfeited money denomination in the world.Keeps the world moving.
Ten Thousand Dollars
At the end of January, the Euro soared following an FT piece in which Trump's trade advisor and director of the White House National Trade Council, Peter Navarro, launched what was then seen as the first shot in the transatlantic trade wars, when he accused Germany of using a “grossly undervalued” euro to "exploit the US and its EU partners", comments which triggered alarms in Europe’s largest economy.
Via Beau Albrecht of ReturnOfKings.com,
Perhaps you’ve wondered why so many college professors are so left-wing. In your freshman year, you might have noted with dread—as I did—some of your fellow students “going with the flow” and molding their beliefs to fit in. Perhaps one of them was you, before you grew up and snapped out of it! The Frankfurt School is the answer to why so many universities are Social Justice Warrior factories.
The origins of the Frankfurt School
With spreads at post-crisis tights, equities making new highs, and new issues oversubscribed, markets are clearly exuberant. But could it be rational this time? We’re not convinced.
- Citi's Matt King
As if there was not enough dividing America right now - Left/Right, Male/Female/Other, Black/White, Muslin/Non-Muslim, or Gay/Straight/Other - AP finds in its latest poll that Americans can't even agree on what it means to be an American.