Home » Posts tagged 'bankruptcy' (Page 3)
Tag Archives: bankruptcy
The Lesson Of Argentina: You Can’t Stabilize A Bankrupt Economy
The Lesson Of Argentina: You Can’t Stabilize A Bankrupt Economy So the U.S. puts Republicans (the party of small government) in charge, and gets… trillion dollar deficits as far as the eye can see AND a revival of socialism among Democrats. Scary as this may seem, the real (and even scarier) lesson is that it’s […]
Four ways that Uncle Sam will respond to its $75 trillion insolvency
Four ways that Uncle Sam will respond to its $75 trillion insolvency Last week I told you that the US government recently reported a negative net worth of MINUS $75 TRILLION. That’s not a type-o. According to the Treasury Department’s annual financial report for Fiscal Year 2018 (which they just published last week), the US government […]
Soaring Canadian Insolvencies Cripple Local Banks
Soaring Canadian Insolvencies Cripple Local Banks Banks in Canada are starting to feel the pain of deteriorating credit quality, just weeks after we reported that insolvency filings had skyrocketed in almost all Canadian provinces. Toronto-Dominion Bank and Canadian Imperial Bank of Canada both just posted ugly first quarter results that included higher provisions for loan losses as a key contributor […]
We’re Flash Crashing to Hell – Jim Sinclair & Bill Holter
We’re Flash Crashing to Hell – Jim Sinclair & Bill Holter Financial writer Bill Holter and renowned gold and financial expert Jim Sinclair warned last summer there were big problems coming in the global financial system. Today, Sinclair says, “We destroyed everything. We not only destroyed the financial markets, we destroyed society. I’m going for […]
Hurtling Toward Bankruptcy
HURTLING TOWARD BANKRUPTCY The federal government owes people almost $22 trillion. That means that American taxpayers owe people almost $22 trillion. That’s because the federal government has no money of its own. The money it gets comes entirely from American taxpayers. That’s what the IRS is for — to make certain that everyone sends his […]
Bankrupt Chinese Company Reported Cash 15 Times Greater Than Due Debt
Bankrupt Chinese Company Reported Cash 15 Times Greater Than Due Debt That China has had a problem with rising defaults is not news: as we reported back in October, 2018 was already set to be a record year for Chinese bankruptcies. Things only got worse in November and December when defaults spiked to 20.4 billion […]
Bankrupt, Eh? Insolvency Filings Soar In Almost All Canadian Provinces
Bankrupt, Eh? Insolvency Filings Soar In Almost All Canadian Provinces The pronounced aftershock from what would historically be considered as very mild interest rate hikes in Canada is continuing. Bloomberg reported that the number of consumers seeking debt relief was up 5.1% to 11,320 in November, according to the Ottawa-based Office of the Superintendent of Bankruptcy. Combining October […]
The Fate of All Municipal Governments – Look to Peoria, Illinois
The Fate of All Municipal Governments – Look to Peoria, Illinois The system we have is totally corrupt and it outright UNSUSTAINABLE!!!! In Illinois, the city of Peoria has been forced to eliminate 22 firefighter and 16 police positions even after they made 27 layoffs earlier this year. Besides eliminating employees, they are now looking at adding […]
General Motors And General Electric Were Both Victimized By The Same Ponzi Scheme, And They Are Both Telling Us The U.S. Economy Is In HUGE Trouble
General Motors And General Electric Were Both Victimized By The Same Ponzi Scheme, And They Are Both Telling Us The U.S. Economy Is In HUGE Trouble America’s twin economic “generals” are both in very deep trouble. General Electric was founded in 1892, and it was once one of the most powerful corporations on the entire […]
The Coming Bankruptcy of the American Empire
The Coming Bankruptcy of the American Empire Better to bring the troops home on our terms than wait for a debt crisis to do it for us. Credit: Anneka/Shutterstock The chickens are coming home to roost. It’s only a question of when. Herbert Stein was chair of the Council of Economic Advisors under Presidents Richard Nixon […]
General Motors And General Electric Were Both Victimized By The Same Ponzi Scheme, And They Are Both Telling Us The U.S. Economy Is In HUGE Trouble
General Motors And General Electric Were Both Victimized By The Same Ponzi Scheme, And They Are Both Telling Us The U.S. Economy Is In HUGE Trouble America’s twin economic “generals” are both in very deep trouble. General Electric was founded in 1892, and it was once one of the most powerful corporations on the entire […]
New York City Joins The “Imminent Bankruptcy” Club
New York City Joins The “Imminent Bankruptcy” Club The “public pension crisis” is the kind of subject that’s easy to over-analyze, in part because there are so many different examples of bad behavior out there and in part because the aggregate damage these entities will do when they start blowing up is immense. But most […]
