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I was checking some news late night and I ran across this title about the most indebted nation in the world. Of course it caught my attention because I though the media was finally ready to start informing Americans of the truth. Without surprise, the article identified a nation other than the United States. Have a look.

The article mentions some small getaway for the ultra-wealthy. But notice how the "reporter" from Fortune stated that the nation's public and private debt is equal to the economy. Let's see now, what is America's public and private debt equal to? Not counting corporate or municipal debt (which could arguably be counted), the figure is over $14.5 trillion, or a figure larger than the GDP or economy.

And if you add the entitlement program deficits over the next few decades as well as the debt incurred by Washington for "borrowing" from the nation's trust funds (including Social Security), that figure comes out to a range of $65 to $88 TRILLION. Any way you slice it, the fact is that America is the world's most indebted nation and the media continues to use cheap tricks to distract you from this sobering reality.

In fact, America has been legally bankrupt for many years now.

In the coming days, I hope to repost some articles that show you precisely how Washington manipulates economic data and hides the true nature of its insolvency. The only thing keeping America going is the fact that foreign nations continue to buy U.S. Treasuries.

As you know, I warned of nations such as China dumping Treasuries in my book America's Financial Apocalypse, first released in 2006. And ever since 2008, China has made some string statements regarding this possibility.

Subtle Tactics to Downplay America's Debt Problems