"...a nonprofit has struck a deal to pay off old medical bills for an estimated 20 million people."
https://www.npr.org/sections/shots-health-news/2025/04/04/nx-s1-5349500/major-deal-wipes-out-30-billion-in-medical-debt-even-backers-say-its-not-enough
#Healthcare #Debt #Capitalism
CREDIT CARDS
going into debt for buying groceries has been so normalized, that’s why those fascist bootlicking fuckwads have no conception of living without safety net.
#debt is the MAGA safety net.
and capitalists are very happy to oblige in extending their lines of indentured servitude, if it means those people wont revolt and call for their heads.
yet another example of how #corruption is the foundation of #fascism.
URGENT!! 
please help a starving #transWoman struggling with #debt & parental #abuse. she hasn't met the last 2 month's goals & is barely hanging onto life because she can't afford to eat.
$1590/2743 DUE TODAY
- https://ko-fi.com/queeroctopuss/goal?g=33
- https://donate.stripe.com/14k6p1bMg32QfEA6os
**How Trump’s economic team hopes to reset the international financial system**
DW News
“_As part of the scheme, the White House would reclassify trading partners into friends and enemies, and deliberately devalue the US dollar._”
#Video length: nine minutes and thirty-two seconds.
https://www.youtube.com/watch?v=3YR5hvqAaIk
#Trump #Economics #Debt #USDebt #USDollar #Dollar #Trade #Politics #Finance @economics
#MUTUALAID UPDATE
$100 received so far—thank you so much!!
Raising money for urgent debt, repaying a friend and a credit card overlimit.
Image of a dearly beloved cat who has crossed the rainbow bridge 
100/1500
venmo/cashapp @ natsmith89
https://www.paypal.me/natoleander
**Why governments are 'addicted' to debt. FT Film**
“_This film examines what some are calling the biggest issue in global finance today, the role of the 'bond vigilantes', and whether government borrowing could spiral out of control._”
#Video length: twenty-nine minutes and fifty-nine seconds.
https://www.youtube.com/watch?v=n1jhoU9Mp_U
#FT #FinancialTimes #Film #Markets #Debt #Borrowing #Bonds #Trading #Investment #Finance #BondVigilantes #BondMarket #Economics @economics @finance
Cognitive dissonance
Until February 2025, Europe had been a willing tool of US foreign policy. Realizing it just now, the rulers cannot change their belief in standing for good versus evil. So they choose to change their narrative from one of enlightenment to one of rearmament.
"In spite of all the grand-standing and posturing, Europe has been reduced to a geopolitical appendage of the United States, following Washington’s lead in prolonging the conflict while shouldering the costs. While the EU sees itself as a global moral authority, it has been sidelined in actual negotiations. Instead, peace talks are being brokered by the U.S. and China, with Europe playing no decisive role. Even within the European Parliament, there exists a near-religious belief in a narrative that contradicts basic military and economic realities."
(Read or watch) https://pascallottaz.substack.com/p/the-eus-decision-to-die-on-the-hill
Rearmament is an opportunity for capital to obtain reductions in welfare and public services, at the cost of lower profitability.
Chatham House: “Politicians will have to brace themselves to reclaim money through cuts to sickness benefits, pensions and healthcare.”
Britain’s finance minister Rachel Reeves, who has been steadily cutting spending on child credits, winter payments for the aged and disability benefits, announced that the remit of the Labour government’s new National Wealth Fund would be changed to let it invest in defence.
More military spending spurs growth but can damage the ‘health’ of the capitalist accumulation process: https://thenextrecession.wordpress.com/2025/03/22/from-welfare-to-warfare-military-keynesianism/
#debt : that which one person is bound to pay to another, or to perform for his benefit
- French: dette
- German: Schulden
- Italian: debito
- Portuguese: dívida
- Spanish: deuda
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Thank you so much for being a member of our community!
Elon Musk’s X raises $1bn in new equity fundraising round
#SocialMedia group is valued at $44bn, matching the price the billionaire paid in 2022
https://www.ft.com/content/d61eed58-65ef-4fea-978a-b0915fc740f4
"The fundraising, which values X at $44bn incl #debt, comes as #Musk has forged close ties to #DonaldTrump...
Shares in #Tesla, the electric automaker co-founded by Musk, have tumbled recently as some consumers have shunned the brand, but parts of his private empire have been boosted."
…The wrinkle in the effort is the #DebtCeiling, which limits how much the government can borrow. Faced with this roadblock, the #Treasury is using cash from its account at the #Fed to pay bills, which is adding liquidity into the system. When the #debt ceiling is raised, assuming that happens, the Treasury will likely seek to rebuild its account, which will take liquidity back out of the system.
US #CentralBank holds #InterestRates steady
#TheFed said it will slow the pace of the drawdown of its balance sheet, as it faces challenges in assessing #market liquidity….
Stmnt: "The Cmte will continue reducing its holdings of #Treasury #securities & agency #debt & #mortgage‑backed securities. Beginning in April, the Cmte will slow the pace of decline of its securities holdings by reducing the monthly redemption cap on Treasury securities from $25B to $5B."
#economy
https://www.reuters.com/world/us/fed-meeting-live-us-stocks-open-higher-investors-eye-rate-decision-2025-03-19/
German lawmakers gave the green light on Tuesday for a colossal spending boost for defence and infrastructure pushed by chancellor-in-waiting Friedrich Merz amid deep fears in Europe over the future strength of the transatlantic alliance. The unprecedented fiscal package could pave the way for more than one trillion euros in spending over the next decade. FRANCE 24's Nick Holdsworth reports from Berlin.
#Germany #NATO #Trump #economics #debt #Ukraine #Russia
https://www.youtube.com/watch?v=nt3df4At8Oo
#Germany approves massive spending package to boost #defense & #infrastructure over the next decade that could allow for up to a trillion dollars….
The package amends the country’s constitution to relax strict limits on #debt that have long set the parameters of German spending, as #Europe scrambles to strengthen its #security amid concerns over #US commitments under #Trump.
#NewWorldOrder #geopolitics #democracy #alliance #Ukraine #Russia
https://www.washingtonpost.com/world/2025/03/18/germany-defense-spending-debt-trump/
Fortune: If you think the current outlook is bad, just wait until the #trump #WhiteHouse can’t find anyone to buy its #debt, warns Ray Dalio
https://fortune.com/2025/03/12/national-debt-burden-ray-dalio-foreign-government-pressure/
Hudson's Bay Company is nearly $1B in debt, with court filings painting dire financial portrait
Hudson's Bay Company is nearly a billion dollars in debt, according to court filings that paint a dire portrait of the struggling Canadian department store chain's finances.
#business #finance #debt #News
https://www.cbc.ca/news/business/hudsons-bay-debt-court-filings-1.7483641?cmp=rss
@Leah He's just getting started. By the time this is over, the national #debt will have ballooned enormously, and an #economic #recession (or #depression) will take hold. Internationally, the #dollar will be weak, and—perhaps worst of all—economic powers will be strongly considering replacing the dollar as the world's reserve currency (if they haven't done so by then already).
Most Americans don't appreciate the value of having control over what amounts to the common currency of world markets. When a country like, say, Brazil has to pay its international creditors, they can't just write a check. First they have to obtain enough US dollars to cover their payment. That boosts the value of the dollar, thus making our own debt less expensive for us to pay.
Additionally, unlike Brazil, in a pinch, if we are really struggling with debt, we can (ta da) simply issue more money! That has a strong downside, of course, but we're alone in having the power to do so.
Kudos to Micael Sheen - putting his money where his mouth is and also exposing some of the inequities in debt in the UK. Available on C4 catch up.
Due to the murky issue of reselling debt, Sheen discovers he can buy £1m’s worth of debt for a relatively paltry £100,000. Over two years, this documentary shows him working towards buying up the deband writing it off”.
