WEB OF DEBT BLOG

Lincoln Breaks the Interest Trap – image by ScheerPost In August 2026, the U.S. debt reached a gravity-defying $40 trillion, with an estimated fiscal year 2026 deficit of $2.1 trillion.

Image by ScheerPost.com.

As Americans prepare to celebrate the 250th anniversary of the Declaration of Independence, few are paying attention to a bill moving through Congress that could seriously impinge on our financial independence.

Project Hamilton, ECASH, and the Quest for a Privacy-Protected Digital Dollar The first two articles in this series explored the proposition that artificial intelligence and robotics will soon be ushering in an economy of unprecedented abundance, and exam…

Part 1 of this “Abundance Paradigm” series discussed predictions that artificial intelligence and robotics will in the relatively near future produce an economy of extraordinary abundance – one in which most labor is automated.

A Universal Basic Income (UBI) has long been proposed as a way to cushion the blow of jobs lost to automation.

“The powers of financial capitalism had another far reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole.”

Image by ScheerPost.

A Jan. 17 article on Quartz Markets by Catherine Baab reports that JPMorgan Chase, Goldman Sachs, Wells Fargo, Citigroup and Bank of America returned nearly all of their 2025 profits to shareholders.

Albert Einstein is often quoted as saying that compound interest is “the most powerful force in the universe.”