Close X Cookies are necessary for the proper functioning of 24hGold.com. By continuing your navigation on our website, you are accepting the use of cookies.
To learn more about cookies ...
EnglishFrench
Gold & Silver Prices in

Paul Krugman Files Chapter 13 Bankruptcy

IMG Auteur
 
Published : March 08th, 2013
217 words - Reading time : less than a minute
( 11 votes, 3.4/5 ) , 4 commentaries
Print article
  Article Comments Comment this article Rating All Articles  
0
Send
4
comment
Our Newsletter...
FOLLOW : Austria, Creditors, Krugman
Category : Crisis Watch

Paul Krugman, the king of Keynesianism and a strong supporter of the delusion that you can print your way out of debt, faces depression at his very own doors.


According to this
report in Austria's Format online mag, Krugman owes $7.35 million while assets to his name came in at a very meager $33,000. This will allow the economist and New York Times blogger to get a feel of how the majority of Americans go about their dreadful lives without any savings and a social system that will only shed pennies to him.
Krugman's list of debts shows a stunning similarity as to what's wrong these days.


The biggest chunk is related to a $8.7 million loan for his Manhattan condo, followed by $621,000 in credit card debt. Krugman probably is not seen of 5th Avenue anymore. Among his list of creditors, Tiffany's stands out with a $33,000 in open collections.


Things really went downhill for the star economist. His Manhattan residence lost 40% in value and makes one wonder how can somebody do so bad in the best of all US property hotspots.
Krugman went deeper into the red by impulsive shopping splurges, throwing his money after Portuguese wines and British dresses from the Victorian period, flattening his Black Amex card by $84,000 in one month.



Data and Statistics for these countries : Austria | All
Gold and Silver Prices for these countries : Austria | All
<< Previous article
Rate : Average :3.4 (11 votes)
>> Next article
Toni Straka is an INDEPENDENT Certified Financial Analyst (OeVFA, EFFAS) who worked as a financial journalist for 15+ years and now evaluates global market trends. Analyzing financial and political news permanently he wants to share his insight with those who understand that we are in an era of global redistribution of wealth. The US-European centric approach does not work anymore. Five billion people in the developing countries now demand their fair share of the world's resources.
WebsiteSubscribe to his services
Latest comment posted for this article
DAMN, how disappointing, I enjoyed the thought with fiendish delight......what's the old saying? "If it sounds too good to be true, then it probably isn't....."  Read more
finespecimen - 3/11/2013 at 5:40 PM GMT
Rating :  1  0
Top articles
World PM Newsflow
ALL
GOLD
SILVER
PGM & DIAMONDS
OIL & GAS
OTHER METALS
Mining Company News
Goldcorp(Cu-Le-Zn)G.TO
Foreign Exchange and Fuel Tailwinds Could Help Newmont in 1Q15
CA$ 23.20+0.26%Trend Power :
Corporate news
Kinross Gold(Cu-Le-Ni)K.TO
Foreign Exchange and Fuel Tailwinds Could Help Newmont in 1Q15
CA$ 2.78-0.36%Trend Power :
Corporate news
Newmont(Cu-Le-Ni)NEM
Foreign Exchange and Fuel Tailwinds Could Help Newmont in 1Q15
US$ 25.59+2.44%Trend Power :
Corporate news
Barrick Gold(Cu-Le-Ni)ABX.TO
Foreign Exchange and Fuel Tailwinds Could Help Newmont in 1Q15
CA$ 15.52+1.77%Trend Power :
Corporate news
Coeur d'Alène(Cu-Le-Zn)CDE
Coeur Reports 89% Increase in Silver Reserves and 76% Increase in Gold Reserves at Palmarejo Post-Paramount Acquisition
US$ 5.70+10.25%Trend Power :
Corporate news
Great Western Min.(Ag-Au-Cu)GWG.V
Great Western Minerals Provides Update Regarding Filing of Reporting Documents
CA$ 0.02+50.00%Trend Power :
Corporate news
Largo Res.(Au-Cu-Mo)LGO.V
Largo Signs Term Sheet for Debt Restructuring
CA$ 0.82+0.00%Trend Power :
Corporate news
Barrick Gold(Cu-Le-Ni)ABX.TO
Barrick Reports First Quarter 2015 Results
CA$ 15.52+1.77%Trend Power :
Corporate news
Silver Wheaton(Cu-Le-Zn)SLW.TO
Silver Wheaton Announces Filing of Preliminary Base Shelf Prospectus
CA$ 24.04+3.13%Trend Power :
Corporate news
Consol Energy(Coal-Ngas)CNX
Final Glance: Coal companies
US$ 29.88-1.06%Trend Power :
Corporate news
Comments closed
  All Favorites Best Rated  
The Austrian source article cited is SATIRE -- the Austrian version of The Onion, essentially. Still, it's excellent satire!
Rate :   2  0Rating :   2
EmailPermalink
DAMN, how disappointing, I enjoyed the thought with fiendish delight......what's the old saying? "If it sounds too good to be true, then it probably isn't....."

Rate :   1  0Rating :   1
EmailPermalink
This Paul Krugman was crushed with that hoof & mouth disorder of `spending like there`s no tomorrow`. Where as Ron Paul who won the debate between the two Paul`s: Ron Paul vs Paul Krugman. In both theory and in life Ron Paul has won. Though his portfolio is heavily weighted with precious metals of Gold & Silver of about $2.4 - $5.5 million , both in the physical metals, not those losers of ETF`s, but also in some 23 other miners many of them small Canadian risky juniors -- So what, Ron Paul at least has some money to his name unlike Krugman has only debt. All Krugman has to do to get more fiat money is `lie` some more for the powers that be, the owners of the FED, then he will be flush again. http://www.businessinsider.com/the-ron-paul-portfolio-has-been-getting-crushed-2013-3
Rate :   2  2Rating :   0
EmailPermalink
.....Oh, this is priceless....... (that is, Krugman clearly doesn't sweat the PRICE when he plops down his Visa). How can we get the MSM to bite on this rich tidbit? Alas, not likely.
Rate :   2  2Rating :   0
EmailPermalink