US economy

Total US debt soars to nearly $60 trn, foreshadows new recession – The Global Elite

America – its government, businesses, and people – are nearly $60 trillion in debt, according to the latest economic data from the St. Louis Federal Reserve. And private debt – not government borrowing – is the biggest reason for the huge deficit. Total US debt at the end of the first quarter of 2014, on […]

Bernard Madoff’s colleagues to face trial over involvement in Ponzi scheme

Five of the convicted fraudster’s closest colleagues stand accused of aiding and abetting Madoff in his scheme. Ponzi scheme fraudster Bernard Madoff claimed he alone orchestrated his $65bn scam – starting tomorrow US prosecutors aim to prove that was another lie.