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Market Analyst: “We’re Going To Have A Biblical Event… There Is No Way To Stop This”
Market Analyst: “We’re Going To Have A Biblical Event… There Is No Way To Stop This” Gregory Mannarino of TradersChoice.net has been eerily prescient in recent years, having accurately forecast stock movements, Federal Reserve rate hikes and market sentiment. In a recent interview with Greg Hunter at USA Watchdog, Mannarino says that U.S. debt has […]
Nomi Prins: Big Bank Concentration and Counterparty Risk Expands
Nomi Prins: Big Bank Concentration and Counterparty Risk Expands Nomi Prins joined Sprott Money News for its Ask the Expert segment that covered the Federal Reserve system, Glass-Steagall reform and even the recent activity from the U.S Treasury. Beginning the conversation she highlighted U.S debt and the position of U.S treasury bonds. Prins remarks, “One […]
Brodsky: This Is A Red Flag Warning
Brodsky: This Is A Red Flag Warning Authored by Paul Brodsky via Macro-Allocation.com, Red Flag Warning Two identifiable dynamics may signal significant market shifts imminently: 1. The US debt ceiling will be debated soon and signs point towards a messy outcome. 2. Recent economic data have been weak, confirming our thesis that US economic growth […]
Fed Chair Janet Yellen Warns Congress: US Debt Trajectory Is Unsustainable
Fed Chair Janet Yellen Warns Congress: US Debt Trajectory Is Unsustainable During her tesimony this morning, Fed Chair Janet Yellen urged Congress to take into account the growth trajectory of the federal debt when making decisions about spending and taxation. She said lawmakers need to work toward achieving “sustainability of this debt path over time,” […]
4 Year Proposition? – Next President Has To Contend With Obama’s Massive Debt Burden At “Epic Turning Point”
4 Year Proposition? – Next President Has To Contend With Obama’s Massive Debt Burden At “Epic Turning Point” Whoever wins the 2016 presidential election tomorrow night could be in for a rough 4 years in the White House courtesy of the gigantic debt burden amassed by Obama over the previous 8 years. While an accommodative […]
Three Reasons Why the U.S. Government Should Default on Its Debt Today
Three Reasons Why the U.S. Government Should Default on Its Debt Today The overleveraging of the U.S. federal, state, and local governments, some corporations, and consumers is well known. This has long been the case, and most people are bored by the topic. If debt is a problem, it has been manageable for so long […]
Trumping the Federal Debt Without Playing the Default Card
Trumping the Federal Debt Without Playing the Default Card “The United States can pay any debt it has because we can always print money to do that. So there is zero probability of default.” — Former Fed Chairman Alan Greenspan on Meet the Press, August 2011 In a post on “Sovereign Man” dated August 14th, Simon Black […]
A Mountain of Debt and no Growth
A Mountain of Debt and no Growth Too Many Geezers So far, we’ve proposed two reasons why the 21st century has been such a dud … First … the developed nations are cursed with too many geezers. We have nothing against old people (especially as we hope to be one ourselves all too soon). But […]
Another step down the long, slow road to IRA nationalization
Another step down the long, slow road to IRA nationalization Let’s take a brief walk into financial reality for a moment. At the time of this writing, the United States government’s official debt is nearly $18.1 trillion. Now, let’s look at who the biggest owners of that debt are: 1) Taxpayers of the United States. […]
Five complete lies about America’s new $18 trillion debt level
Five complete lies about America’s new $18 trillion debt level. On October 22, 1981, the government of the United States of America accumulated an astounding $1 TRILLION in debt. At that point, it had taken the country 74,984 days (more than 205 years) to accumulate its first trillion in debt. It would take less than […]