The rabbis of the Agudath Israel of America—the major orthodox Jewish community organization—have issued a Jewish legal ruling warning Jews not to take out loans with America’s largest mortgage lender, Quicken Loans, because it is owned by Jews and Jews are only allowed to charge non-Jews interest. According to a report in the Jewish Telegraphic Agency, Agudath Israel of America, issued the... 

Moscow wants Kiev to pay interest daily on its $3 billion defaulted bond, Bloomberg reports after viewing court documents. Ukraine failed to pay the debt on December 20 and the penalty fee has grown to about $66.3 million as of Friday. The Kremlin refused to take part in the $15 billion debt restructuring Ukraine reached with its foreign creditors in 2015. Russia wanted Ukraine to recognize the debt... 

Historically, when a nation’s debt exceeds its ability to repay even the interest, it can be assumed that the currency will collapse. Typically, governments exacerbate the situation by printing large amounts of currency notes in an effort to inflate the problem away, or at least postpone it. The greater the level of debt, the more dramatic the inflation must be to counter it. The more dramatic the...