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Economic Storm Trump Will be Blamed For Because of Bad Advisers
Economic Storm Trump Will be Blamed For Because of Bad Advisers There is a very Dark Cloud hovering over the world economy and at the center of this cloud lies not just Europe, but Germany – the strongest economy holding up all of Europe. The German manufacturing sector is in freefall. Trump will be blamed […]
Global Debt Surpasses 244 Trillion Dollars As “Nearly Half The World Lives On Less Than $5.50 A Day”
Global Debt Surpasses 244 Trillion Dollars As “Nearly Half The World Lives On Less Than $5.50 A Day” The borrower is the servant of the lender, and one of the primary ways that the elite keep the rest of us subjugated is through the $244,000,000,000,000 mountain of global debt that has been accumulated. Every single […]
Global Debt Surpasses 244 Trillion Dollars As “Nearly Half The World Lives On Less Than $5.50 A Day”
Global Debt Surpasses 244 Trillion Dollars As “Nearly Half The World Lives On Less Than $5.50 A Day” The borrower is the servant of the lender, and one of the primary ways that the elite keep the rest of us subjugated is through the $244,000,000,000,000 mountain of global debt that has been accumulated. Every single […]
America Goes Full Imbecile
America Goes Full Imbecile Credit has a wicked way of magnifying a person’s defects. Even the most cautious man, with unlimited credit, can make mistakes that in retrospect seem absurd. But an average man, with unlimited credit, is preeminently disposed to going full imbecile. Let us not forget about this important skill… [PT] Several […]
Inflation is in the Rear-View Mirror
Inflation is in the Rear-View Mirror 43 percent of credit card holders carry a balance. Delinquencies are rising. It’s a deflationary debt trap. Revolving Credit Hits New Record High In December, revolving debt has topped the previous high-water mark of $1.021 trillion set in April of 2008. Debt as of December 2017 (the latest available) […]
The State of the American Debt Slaves
The State of the American Debt Slaves It was one gigantic party. But wait… Total consumer credit rose 5.4% in the fourth quarter, year over year, to a record $3.84 trillion not seasonally adjusted, according to the Federal Reserve. This includes credit-card debt, auto loans, and student loans, but not mortgage-related debt. December had been […]
The Endgame Takes Shape: “Banning Capitalism And Bypassing Capital Markets”
The Endgame Takes Shape: “Banning Capitalism And Bypassing Capital Markets” One month ago we presented to readers that in the first official “serious” mention of “Helicopter Money” as the next (and final) form of monetary stimulus, Australia’s Macquarie Bank said that there is now about 12-18 months before this “unorthodox” policy is implemented. We also predicted that […]
Students federation says N.L. grant plan should be adopted nationally
Students federation says N.L. grant plan should be adopted nationally The Canadian Federation of Students wants to put growing education debt on the federal election radar and says other governments should follow Newfoundland and Labrador’s shift to student grants instead of loans. Provincial student loans now replaced with grants in N.L. “We have a crisis […]
“Bernanke & Greenspan Have Destroyed America” Schiff & Maloney Warn “People Don’t Realize What Is Coming”
“Bernanke & Greenspan Have Destroyed America” Schiff & Maloney Warn “People Don’t Realize What Is Coming” Ali and Frazier, Laurel and Hardy, Mayweather and Pacquiao, Liesman and Santelli, and now Schiff and Maloney. Peter and Mike join clash of the titan-like to discuss their investment strategies and expose the charts the government doesn’t want you to seeas […]
A Generational Storm Is Coming
A Generational Storm Is Coming Dear Diary, Yesterday, we began our high-minded graduation speech to the Class of 2015. We explained how the young graduates were not only the most heavily indebted in history, but also the least likely to be able to pay their debts. Median wages have been going down since these graduates were about […]
The Treasury’s Worst-Case Scenario: Over $3.3 Trillion In Student Loans In A Decade | Zero Hedge
The Treasury’s Worst-Case Scenario: Over $3.3 Trillion In Student Loans In A Decade | Zero Hedge. One of the recurring topics on Zero Hedge over the past 3 years has been the relentless increase in student loans which, as a result of their cumulative default and loss severity (including those loans which are “merely” in […]
