Posts Tagged ‘trillion’

Big Oil Is Set To Spend $5 Trillion On Fossil Fuels We Can’t Afford To Burn

Our analysis found that all production from new oil and gas fields – beyond those already in production or development – is incompatible with reaching the world’s climate goals. Yet the oil and gas industry is set to spend $4.9 trillion (yes, trillion) over the next ten years on exploration and extraction in new fields. That’s an eye-watering […]

Student Debt Is At All-Time-High Of Over $1 Trillion

Student Debt Is At All-Time-High Of Over $1 Trillion Above Photo: Abstract Expressions/Flickr More than a decade has passed since young Americans faced debt levels this high. Debt among 19 to 29-year-old Americans exceeded $1 trillion at the end of 2018, according to the New York Federal Reserve Consumer Credit Panel. That’s the highest debt exposure […]

How Britain stole $45 trillion from India

By Jason Hickel Source Lord Louis Mountbatten, the last Viceroy of India, and his wife, Lady Edwina Mountbatten, ride in the state carriage towards the Viceregal lodge in New Delhi, on March 22, 1947 [File: AP] There is a story that is commonly told in Britain that the colonisation of India – as horrible as it may […]

Search for Missing $21 Trillion Comes Up Empty as Pentagon Fails First Audit in 71-Year History

WASHINGTON — Despite being legally required to conduct audits since the early 90s and holding a staggering  2.2 trillion in assets, the Pentagon held its first-ever audit this week — which it, unsurprisingly, spectacularly failed. According to a senior official, the results were so bad that the discrepancies could take “years [to] resolve.” The Department […]

The Pentagon failed its audit amid a $21 trillion scandal (yes, trillion) – Lee Camp

But that sounds weird – so let me back up. A few months ago, I covered the story of the $21 trillion that has gone unaccounted for at the Pentagon. That’s right—trillion with a T—an amount of money you can’t possibly come to terms with, so stop trying. Seriously, stop. It’s like trying to comprehend […]

Legacy of Colonialism: Britain Robbed India of $45 Trillion and Thence 1.8 Billion Indians Died from Deprivation

Eminent Indian economist Professor Utsa Patnaik (Jawaharlal Nehru University) has estimated that Britain robbed India of $45 trillion between 1765 and 1938, However it is estimated that if India had remained free with  24% of world GDP  as in 1700 then its cumulative GDP would have been $232 trillion greater (1700-2003) and $44 trillion greater […]

How Britain’s Royal Jews stole $45 trillion from India

How Britain’s Royal Jews stole $45 trillion from India And lied about it. by Jason Hickel 14 Dec 2018 Lord Louis Mountbatten, the last Viceroy of India, and his wife, Lady Edwina Mountbatten, ride in the state carriage towards the Viceregal lodge in New Delhi, on March 22, 1947 [File: AP] more on United Kingdom […]

Who Exactly Mopped up $1.33 Trillion of New US Government Debt over the Past 12 months?

Other Big Foreign Creditors of the US government Of the 12 largest holders of US Treasuries, after China and Japan, seven are tax havens for foreign corporate and/or individual entities (bold) and one (Belgium) is the location of Euroclear, a massive outfit that provides, as it says, Financial Market Infrastructure services, holds about […]

The History of War: What the ‘Neocon Chickenhawks’ Have Wrought. One Trillion Annual Military Spending

The 100th anniversary of the signing of the Armistice to end World War I has generated a lot of discussion and articles about the so-called “Great War.” Most of the neocon chickenhawks who so eagerly led us into the disastrous war in Iraq seemingly want to be regarded as modern-day Winston Churchills. They might be […]

Massive solar flare to bring chaos, inflict $2 trillion in damage – bank’s ‘outrageous’ prediction

According to the Copenhagen-based financial institution, the upcoming year is set to be marked with X-Class solar flare that will evoke absolute chaos across the globe. “In 2019, as Solar Cycle 25 kicks into gear, the earth isn’t so lucky and a solar storm strikes the Western hemisphere, taking down most satellites on […]

Judge Dismisses $1 Trillion Sandy Hook Lawsuit

Says Legal Action “Frivolous”, Plaintiff Hasn’t Suffered Loss. On January 15, 2015 the $1 trillion lawsuit brought by New London Connecticut William Shanley was dismissed by United States District Judge Jeffrey Alker Meyer. In December 2014 Shanley, an author and documentary filmmaker, filed two lawsuits against the Newtown Bee newspaper and several dozen major news […]

Trump Administration on Track for $1 Trillion Budget Deficit This Year

November 19, 2018 By Michael Maharrey The Trump administration is on track to post a 2019 fiscal year budget deficit of over $1 trillion. These are the kind of budget deficits we would expect to see during a deep recession, not an “economic boom.” The government got off to a good start at achieving this […]

U.S. Has Spent Nearly $6 Trillion on War Since 9/11

U.S. Has Spent Nearly $6 Trillion on War Since 9/11 November 14th, 2018 WAR is a racket. It always has been. It is possibly the oldest, easily the most profitable, surely the most vicious. It is the only one international in scope. It is […]

China May Have $5.8 Trillion in Hidden Debt With ‘Titanic’ Risks

China May Have $5.8 Trillion in Hidden Debt With ‘Titanic’ Risks October 17th, 2018 Via: Bloomberg: China’s local governments may have accumulated 40 trillion yuan ($5.8 trillion) of off-balance sheet debt, or even more, suggesting further defaults are in store, according to S&P Global […]

Who Bought the $1.6 Trillion of New US National Debt Over the Past 12 Months?

The next dozen. Among countries, the next 12 largest holders of US Treasuries are far behind China and Japan. Seven are tax havens for foreign corporate and/or individual entities (marked in bold in the list below). Belgium is on the list because it is home to Euroclear, a massive outfit that serves as […]

Mental Health Disorders To Cost $16 Trillion Worldwide By 2030

The Facts: Mental Health Disorders, in the eyes of big pharma, are a huge money making scam. This is intertwined with the serious issue of mental health and the factors that may be leading to it. Reflect On: Why is the main treatment being pushed prescription drugs? Have you researched things like diet and other […]

WHO OWNS WHOM 247 TRILLION DOLLARS

Global debt has hit another high, climbing to $247 trillion in the first quarter of 2018, according to a report published Wednesday. Of that figure, the non-financial sector accounted for $186 trillion. The debt-to-gross domestic product (GDP) ratio has exceeded 318 percent, marking its first quarterly rise in two years, the report by the Institute […]

Who Bought the $1.47 Trillion of New US National Debt over the Past 12 Months?

Foreign private-sector investors and “foreign official” investors – central banks, governments, etc. – whittled down their holdings of US Treasury Securities by $21 billion at the end of  July, compared to a year ago, to $6.25 trillion, according to the Treasury Department’s TIC data released Tuesday afternoon. Over the same period, the US gross national […]

$30 Trillion New Wealth Went to the Richest White Americans Since 2008 Recession

September 14th, 2018 By Paul Buchheit Guest writer for Wake Up World While wealth continues to rush, not trickle, upwards, low-income families are going backwards as the average net worth for the poorest half of America decreased from $11,000 to $8,000 since the 2008 financial crash. What Just Happened? $30 Trillion to the Richest White Americans […]

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