by Michael I truly wish that headline was an exaggeration. Unfortunately, for decades Americans have been extremely irresponsible with their finances. As a result, credit card debt is at an all-time high, auto loan debt is […]
by Michael If you are going to go out, you might as well do it with a bang. At the beginning of June, our national debt was sitting at $31,467,639,287,894.39. Today, it has risen to $33,442,148,619,617.43. […]
by Michael We are being warned that there could be some real serious economic doom at the beginning of next month if the Democrats and the Republicans cannot agree on a deal to raise the debt […]
Yellen Warns Treasury To Run Out Of Cash As Soon As June 1 Absent Debt Ceiling Deal BY TYLER DURDEN MONDAY, MAY 01, 2023 – 02:03 PM In a long-awaited update from Janet Yellen, shortly […]
By Greg Hunter’s USAWatchdog.com Precious metals expert and financial writer Bill Holter has been predicting the financial system is going to go down sooner than later. He says the signs are the lies being told to […]
by Egon von Greyerz There are lies, damned lies, and economists. Whether these economists work for the government or a bank, they spend all their time on the computer extrapolating current trends with minor adjustments. […]
by Tyler Durden At the beginning of April, JPMorgan’s Nikolaos Panigirtzoglou pointed out something unexpected: in a time when everyone was stressing out over the upcoming inversion in the Treasury yield curve, the JPM analyst showed that the […]
Mac Slavo Being on the hook is not going to be pretty when interest rates are raised back up, and debts come due. At a personal level, it will mean more stress and juggling to […]
By ROBERT ROMANO “We’ll look at potentially extending the maturity of the debt, because eventually we are going to have higher interest rates, and that’s something that this country is going to need to deal […]
The promises made when there were 7 workers for every retiree cannot be kept when there are only 2 workers for every retiree. In an auto-mechanic analogy, the Powers That be are assuring us those grinding […]
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