Armstrong, who may be more esteemed in international financial capitals than he is in the United States, is on record that "we are on the verge of a sovereign debt crisis globally." International debt has now reached $110 trillion, with over $200 trillion in unfunded pension, entitlement, and other obligations, an aggregate amount which can never be paid off. In the United States our national debt service expenditure now exceeds our military spending. And the Trump administration has proposed raising our military budget for next year by $500 billion. Read More ›
