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Crisis-Hit Sri Lanka Defaults On Debt As It Runs Out Of Fuel
Crisis-Hit Sri Lanka Defaults On Debt As It Runs Out Of Fuel There’s no money to buy petrol, the crisis-hit Sri Lankan government said Wednesday as it urged citizens to “not to wait in line” for fuel, and following violent protests in the streets, which started in early April in the capital of Colombo and quickly […]
Shortages & Hyperinflation Lead to Total Misery
SHORTAGES & HYPERINFLATION LEAD TO TOTAL MISERY At the end of major economic cycles, shortages develop in all areas of the economy. And this is what the world is experiencing today on a global basis. There is a general lack of labour, whether it is restaurant staff, truck drivers or medical personnel. There are also […]
Death By Inflation Or Debt Defaults? Luke Gromen On The No-Win Situation We’re Trapped In
Death By Inflation Or Debt Defaults? Luke Gromen On The No-Win Situation We’re Trapped In https://youtu.be/csf4fdV-EOQ In the US, the monetary & fiscal stimulus spigots are turning off as the Fed threatens to start tapering in November and Congress devolves into gridlock over both the next stimulus package as well as the debt ceiling. The […]
Lebanon Announces Default On $1.2BN Debt Payment In Historical First
Lebanon Announces Default On $1.2BN Debt Payment In Historical First Lebanon announced Saturday it will default on its Eurobond debt for the first time in its history. The protest-racked country has seen a recent change in government, banks opened for merely about half of the past few months, strict controls on hard currency withdrawals and transfers abroad amid a liquidity […]
A Worldwide Debt Default Is A Real Possibility
A Worldwide Debt Default Is A Real Possibility Getty Is debt good or bad? The answer is “Yes.” Debt is future spending pulled forward in time. It lets you buy something now for which you otherwise don’t have cash yet. Whether it’s wise or not depends on what you buy. Debt to educate yourself so […]
Roman Republic’s Debt Crisis & Led to it’s Collapse
Roman Republic’s Debt Crisis & Led to it’s Collapse QUESTION: You said that Imperial Rome did not have a national debt nor central banks. Did Rome ever have debts that were not private? JY ANSWER: Yes. In all honesty, it was the Debt Crisis that ended the Roman Republic. There was a Sovereign Debt Crisis […]
The Retail Apocalypse Picks Up Speed As Sears, JCPenney, Brookstone And Mattress Firm Spiral Toward Bankruptcy
The Retail Apocalypse Picks Up Speed As Sears, JCPenney, Brookstone And Mattress Firm Spiral Toward Bankruptcy Over 20 major retailers have filed for bankruptcy since the beginning of last year, and in 2018 we may break the all-time record for annual store closings that was established just last year. We are in the midst of […]
Five Pillars of Debt Default
Five Pillars of Debt Default Regular readers of Gold Goats ‘n Guns know that I’ve been handicapping a major sovereign debt default to begin here in 2018 or early 2019. But, what do I mean by that? How does a sovereign debt default come about? And who will default? There are a staggering number of factors […]
President Franklin D. Roosevelt: Architect of Monetary Madness and a U.S. Debt Default
President Franklin D. Roosevelt: Architect of Monetary Madness and a U.S. Debt Default Every schoolchild is dutifully taught that President Franklin D. Roosevelt (FDR) was America’s savior. They are repeatedly told that FDR and his New Deal policies pulled the U.S. out of the Great Depression. What nonsense. In fact, FDR was the architect of […]
77 Million Square Feet Of Retail Space And Counting – America’s Retail Apocalypse Is Spiraling Out Of Control In 2018
77 Million Square Feet Of Retail Space And Counting – America’s Retail Apocalypse Is Spiraling Out Of Control In 2018 In 2017 we absolutely shattered the all-time record for retail store closings in a single year, and this year it looks like we are going to shatter the record once again. In fact, there are […]
Train Crash Preview
Train Crash Preview Today we will summarize something I’ve been thinking about for a long time. Exactly how will we get from the credit crisis, which I think is coming in the next 12–18 months, to what I call the Great Reset, when the global debt will be “rationalized” via some form of nonpayment. Whatever […]
Emerging Market Debt Defaults on the Horizon?
Emerging Market Debt Defaults on the Horizon? QUESTION: Mr. Armstrong; You said that the emerging markets are a huge problem that will lead to a Sovereign Debt Default. Can you elaborate on that statement? Thank you for your insight VU ANSWER: The emerging markets are in far worse shape today than they were even back in 2008. […]
Venezuela Defaults On A Debt Payment – Is This The First Domino To Fall?
Venezuela Defaults On A Debt Payment – Is This The First Domino To Fall? Did you know that Venezuela just went into default? This should be an absolutely enormous story, but the mainstream media is being very quiet about it. Wall Street and other major financial centers around the globe could potentially be facing hundreds […]
Corporations Are Defaulting On Their Debts Like It’s 2008 All Over Again
Corporations Are Defaulting On Their Debts Like It’s 2008 All Over Again The Dow closed above 18,000 on Monday for the first time since July. Isn’t that great news? I truly wish that it was. If the Dow actually reflected economic reality, I could stop writing about “economic collapse” and start blogging about cats or […]
16 Facts About The Tremendous Financial Devastation That We Are Seeing All Over The World
16 Facts About The Tremendous Financial Devastation That We Are Seeing All Over The World As we enter the second half of 2015, financial panic has gripped most of the globe. Stock prices are crashing in China, in Europe and in the United States. Greece is on the verge of a historic default, and now Puerto Rico […]
