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Tag Archives: debt
The Great Oil Swindle
silentera.com The Great Oil Swindle Is leading us to destruction When it comes to the story we’re being told about America’s rosy oil prospects, we’re being swindled. At its core, the swindle is this: The shale industry’s oil production forecasts are vastly overstated. Swindle: Noun – A fraudulent scheme or action. And the swindle is not […]
What About Our Debts, Pope Francis?
What About Our Debts, Pope Francis? “It’s Satan who leads us into temptation – that’s his department.” Last week the Holy Pontiff, Pope Francis, said he believed that the line “Lead us not into temptation” in the Lord’s Prayer had been wrongly translated in English from the original language of the Bible. Pope Francis told […]
Debt is a Determining Factor in History
Debt is a Determining Factor in History Photo by airpix | CC BY 2.0 Sovereign debt has been a crucial factor in a series of major historical events. From the early 19th century, in Latin American countries such as Colombia, Mexico and Argentina, struggling for independence,as well as Greece when seeking funds for its war of independence, these nascent […]
How Fed Rate Hikes Impact US Debt Slaves
How Fed Rate Hikes Impact US Debt Slaves But savers are still getting shafted. Outstanding “revolving credit” owed by consumers – such as bank-issued and private-label credit cards – jumped 6.1% year-over-year to $977 billion in the third quarter, according to the Fed’s Board of Governors. When the holiday shopping season is over, it will […]
Warning: ‘They Need The Markets To Implode’ To Usher In Cashless System
Warning: ‘They Need The Markets To Implode’ To Usher In Cashless System Market analyst Lynette Zang predicts in the next market meltdown, “real estate, stocks, and bonds will all crash.” When asked when this will happen, Zang says, “Enjoy your Christmas,” but in 2018, all bets are off. Greg Hunter interviewed Lynette Zang, Chief Market Strategist […]
Politicians & Kicking the Can Down the Road
Politicians & Kicking the Can Down the Road QUESTION: Hi Marty, Thank you for replying to my earlier question about The Crash & No Bid. It as very insightful towards the mechanics of markets. I have a new question for you regarding how Politicians “kick the can” as long as they can expecting the next people […]
We Give Up! Government Spending And Deficits Soar Pretty Much Everywhere – John Rubino
We Give Up! Government Spending And Deficits Soar Pretty Much Everywhere – John Rubino A recurring pattern of the past few decades involves governments promising to limit their borrowing, only to discover that hardly anyone cares. So target dates slip, bonds are issued, and the debts keep rising. This time around the timing is especially […]
Consumer Debt Roulette: Debt Is Up $605 Billion BEFORE $682 Billion Is Spent on Christmas
Consumer Debt Roulette: Debt Is Up $605 Billion BEFORE $682 Billion Is Spent on Christmas The last time American consumer debt was this high was.. well…NEVER. But now, it seems we are engaged in a high stakes game of consumer debt roulette. And the House is the only one who will win this game. Last […]
The Long and Winding Road to a Haircut
Federico Parra/Getty Images The Long and Winding Road to a Haircut There are significant differences between Puerto Rico and Venezuela regarding the origins of their economic crises, their political systems, their relationship with the US and the rest of the world, and much else. Nonetheless, some notable similarities are likely to emerge as their debt […]
The End of Economic Growth
The End of Economic Growth UK Chancellor of the Exchequer Phillip Hammond (finance minister) delivered his budget on Wednesday last week. The tame budget was overshadowed by news that UK productivity and hence economic growth had stalled. In this post I search for the underlying causes of economic malaise and explore the structure of UK […]
Australian Banks – First The Housing Bubble Bursts, Now A Public Inquiry
Australian Banks – First The Housing Bubble Bursts, Now A Public Inquiry We keep returning to the subject of Australia and the growing signs that its bubble economy is bursting. Earlier this month, we discussedhow the world’s longest-running bull market – 55 years – in Australian house prices appears to have come to an end. […]
It Was This Big
IT WAS THIS BIG A theme which frequently pops up in current financial and economic commentary is that of the burgeoning levels of outstanding debt under which all too many nations are said to groan. Typically, reference will be made to the percentage of GDP which this mountain of obligations entails, usually by way of putting […]
China’s Corporate Debt Unexpectedly Rises At Fastest Pace In Four Years, As A New Risk Emerges
China’s Corporate Debt Unexpectedly Rises At Fastest Pace In Four Years, As A New Risk Emerges Have you heard the one about the priest, the rabbi and China’s deleveraging? We forget how it goes, but it’s pretty damn funny, especially the last part after a Reuters report that following China’s repeated vows by Beijing it […]
