The People’s Bank of China (PBOC) just went in big. It cut interest rates and lowered reserve requirements for banks (making it easier for them to lend). So, every Chinese homeowner with a mortgage is about to have a little more spending money in their pocket. But that’s not all…

High on the list of controversial issues that presidential hopefuls are debating as electioneering gathers steam is… surprise! The unconscionable, uncontrolled, unmanageable debt our elected government has managed to accrue. Recently, our friend Bill Bonner penned a piece that considers the two options this great nation of ours has to extricate itself from the debt swamp that the reckless, incompetent ruling elite have sunk us into.