Michael Heykoop

It reads like something straight out of a disaster movie. A volcanic eruption lasting nine hours and ejecting 15–30 million tons of sulphur dioxide. The second largest volcanic eruption of the 20th century happened to coincide with the arrival of Tropical Storm Yunya a mere 75 kilometers away, covering the majority of the island of Luzon in a mixture of ash and water. There was great damage, but it could have been worse. What made the difference?

Red sky at night, sailor’s delight. Red sky at morning, sailors take warning. For millennia, people have recognized that it would be beneficial to be able to read the signs of the times to predict future events. Sometimes the signs can be wide open for all to see, but only those who are able to put them into the right context can understand what they mean for the future!

As the United States sees its debt continue to soar out of control, it would be prudent to take time to examine the results of such reckless spending.  Just like any credit card, national debt carries with it the obligation for the debtor to pay interest.  $14 trillion is an immense amount of debt, and it carries with it the burden of substantial interest payments.  Last year alone the U.S. spent just under $413 billion paying off the interest on its loans.