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Is China’s Social Credit System A Preview Of The Coming “Beast System”?
Is China’s Social Credit System A Preview Of The Coming “Beast System”? Virtually everything that you do online and offline is being monitored, tracked or recorded by someone. Could you imagine what life would be like if the government compiled all of that information into a giant database and used it to punish those that […]
Economic Downturn: Credit Cards Aren’t Being Paid, Accounts Are Being Closed
Economic Downturn: Credit Cards Aren’t Being Paid, Accounts Are Being Closed A new report is shining some light on an indicator that the economy is about to take a major downturn. Credit card accounts are not being paid and some accounts are being closed in anticipation for an upcoming recession. Credit-card delinquencies, application rejections, and […]
Subprime Rises: Credit Card Delinquencies Blow Through Financial-Crisis Peak at the 4,705 Smaller US Banks
Subprime Rises: Credit Card Delinquencies Blow Through Financial-Crisis Peak at the 4,705 Smaller US Banks So what’s going on here? In the third quarter, the “delinquency rate” on credit-card loan balances at commercial banks other than the largest 100 banks – so the delinquency rate at the 4,705 smaller banks in the US – spiked […]
Subprime Begins to Haunt Credit Card Balances
Subprime Begins to Haunt Credit Card Balances Delinquencies soar past Financial-Crisis peak at the ca. 5,000 smaller US banks, and these are the Good Times. What’s going on? The delinquency rate on credit-card loan balances at commercial banks other than the largest 100 – so at the nearly 5,000 smaller banks in the US – […]
Credit Card Debt Hits All Time High As Consumers Unleash Historic Shopping Spree
Credit Card Debt Hits All Time High As Consumers Unleash Historic Shopping Spree It’s official: the reason behind the recent rebound in the economy can be explained with two words: “charge it.” Readers may recall that one month ago, we reported that with Republicans in Washington on the verge of passing their first major piece […]
Corporate Coercion and the Drive to Eliminate Buying with Cash
Corporate Coercion and the Drive to Eliminate Buying with Cash “Sorry we’re not taking cash or checks,” said the clerk at the Fed Ex counter over a decade ago to an intern. “Only credit cards.” Since then, the relentless intensification of coercive commercialism has been moving toward a cashless economy, when all consumers are incarcerated […]
How A North Korean Electromagnetic Pulse Attack Could Kill Millions And Turn America Into A Post-Apocalyptic Wasteland
How A North Korean Electromagnetic Pulse Attack Could Kill Millions And Turn America Into A Post-Apocalyptic Wasteland This is why North Korea’s test of an intercontinental ballistic missile is so important. North Korea had test fired a total of 22 missiles so far this year, but this latest one showed that nobody on the globe […]
The Globalists Strike Back With A Major Push Toward A Cashless Society
The Globalists Strike Back With A Major Push Toward A Cashless Society Their agenda may be on the rocks in the United States at the moment, but that doesn’t mean that the globalists are giving up. In fact, a major push toward a cashless society is being made in the European Union right now. Last May […]
Credit Card Debt In The United States Is Approaching A Trillion Dollars
Credit Card Debt In The United States Is Approaching A Trillion Dollars For the first time ever, total credit card debt in the United States is approaching a trillion dollars. Instead of learning painful lessons from the last recession, Americans continue to make the same horrendous financial mistakes over and over again. In fact, U.S. […]
