$1 Trillion Time Bomb: Are American Consumers Getting in Trouble Again?

Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter The economy depends on them, but they’re cracking. American consumers are holding $1 trillion in revolving credit, mostly in credit card debt. So how well is this segment of consumer debt holding up? Synchrony Financial – GE’s spin-off that issues credit cards for Walmart and Amazon – disclosed on Friday that, … Read more

Why should Trump propose a 90% excise tax on speaking fees for former Executive Branch officials

CULTURE OF CORRUPTION: Why It Matters How Ex-Presidents Make Their Money. If President Obama had collected a $400,000 fee from the founders of Solyndra, the failed energy company that left taxpayers liable for $535 million in federal guarantees, the corruption would be obvious. But because he is taking money from companies that benefited from his … Read more

The United States Has Sunk To A New Low – We Are “Lunch Shaming” Our Own Children In Public Schools – We Cannot Even Afford To Feed Our Most Vulnerable – Our Children.

by Pamela Williams I believe we have fallen from God’s grace, and we cannot even find the decency to feed our own children.  What have we become?  Have we not said over and over again, “a child cannot learn on an empty stomach.” We are “lunch shaming” children who cannot afford to pay for their lunches. … Read more

It Is Becoming Illegal To Be Homeless In America As Houston, Dallas And Dozens Of Other Cities Pass Draconian Laws

By Michael Snyder Should we make homelessness against the law and simply throw all homeless people into prison so that we don’t have to deal with them?  Incredibly, this is actually starting to happen in dozens of major cities all across the United States.  It may be difficult to believe, but in many large urban … Read more

MAGA: TRUMP TO CREATE OFFICE JUST FOR FIRING PEOPLE… WE'RE NOT KIDDING

https://www.youtube.com/watch?v=yWJfn6iiAL0 Kim Smith for conservative tribune reports, One of President Donald Trump’s campaign promises was to take care of America’s veterans. To follow through on that promise, the president will sign an executive order that will create a new office in the Department of Veterans Affairs that will discipline or fire incompetent employees as well … Read more

Mike Maloney – Bond, Stock and Real Estate Markets Are Insane, China, Russia & India Buying Gold

Precious metals expert Mike Maloney points to what large foreign countries are buying and it gold–lots of it. Maloney explains, says, “Between Russia, China and India, their purchases meet or exceed all worldwide production of gold. Whenever they exceed mining supply, the supply has to come from somewhere, and it’s coming from the West. When … Read more

A Satanic Gang Is Being Protected By Sanctuary Cities, As Americans Are Terrified And Savagely Murdered In The Sanctity Of Their Own Homes.

by Pamela Williams As President Trump makes headway in eliminating ISIS, another brutal  gang called MS-13 has raised its ugly head in the “sanctuary cities” of America.  These cities will hide these gangs and offer them a refuge.  A refuge from what?  Among other things, American law enforcement,  President Trump, and Attorney General Jeff Sessions.  Sessions … Read more

President Trump Invites Rodrigo Duterte to White House

By Gabrielle Seunagal   On Saturday, President Trump made headlines when he invited Rodrigo Duterte to the White House for a conversation about the current state of drugs. Duterte has earned a reputation as a harsh dictator, due to his habits of ordering the deaths of persons connected to drugs and narcotics. Many people dislike … Read more

Chilling Thing Insiders Said about Canada’s House Price Bubble

Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter What are homes & mortgages worth when push comes to shove? Home Capital is Canada’s biggest “alternative” mortgage lender. It’s not a bank – which today is part of its problem because it cannot create money to lend out; it has to obtain it first by attracting deposits and borrowing money … Read more

Retail Apocalypse: Everything You Need to Know

by James Quinn  Courtesy of: Visual Capitalist Back in 2000, less than 1% of retail sales came from e-commerce. However, online sales have climbed each and every year since then, even through the Great Recession. By 2009, e-commerce made up about 4.0% of total retail sales, and today the latest number we have is 8.3%. … Read more

20 Amazing Facts About What Happens Every Single Minute Of Every Single Day In Our Rapidly Changing World

by Michael Snyder Our world is changing at a blinding pace that is accelerating with each passing day.  Thanks to the Internet, information travels at a speed that would have been unimaginable at other times in human history, and our technological capabilities are advancing at a rate that is exponentially increasing.  What all of this … Read more

The Importance of the Second Amendment

By Gabrielle Seunagal   Friday marked the first day of this year’s annual gathering of the National Rifle Association convention. NRA leaders and members are meeting at the Georgia World Congress Center on April 28-30 to admire the plethora of guns that embody America’s beloved Second Amendment. I was privileged enough to attend the event … Read more

The Libertarian Way To Tip

by Robert Carbery   Photo: ScotHibb/Reddit Megan, a server at a Tex-Mex restaurant in Missouri recently got this “tip” from someone who is not a fan of the individual income tax. Undoubtedly, a libertarian.   On the tip line, the customer put a big zero, in addition to: “Taxation is Theft.” To further clarify, the … Read more

The High U.S. China Trade Deficit; Does This Indicate A Deformed Trading Relationship Between U.S. And China?

by Umar Farooq A trade deficit occurs when an economy imports more than it exports. If this persists, it will eventually cause a shift in the exchange rate, making imports more expensive and–crucially–exports cheaper as the “invisible hand” of the price mechanism brings trade back into balance.   “American politicians have long complained of trade … Read more

Hillary Clinton's Friend & Delegate Corrine Brown Accused of Living Large on Charity Funds Which Meant to Help Poor Children with Scholarships, May Get 357 Years In Prison

Bloomberg reports: Prosecutors in Florida have told jurors a former congresswoman financed a lavish lifestyle of Beverly Hills shopping trips and fancy parties on donations to a charity ostensibly set up to help poor children with scholarships. Testimony will continue for a second day Thursday in the trial of former U.S. Rep. Corrine Brown, 70. … Read more

Multiple Russia Investigations Has Revealed Nothing, Donna Brazile Is Mad As Hell

Politico reports: It seems like nobody is doing anything about it. Worse—they’re pretending that they are. There are currently multiple investigations into the Russian interference in the 2016 election and possible involvement by the Trump campaign. But all of them are compromised to one degree or another by incompetence, listlessness and deliberate foot-dragging. Congress is completely … Read more

Completely Alone And Utterly Depressed

by Michael Snyder Do you ever feel like you have been completely abandoned by the world?  Do you struggle with feelings of loneliness, isolation and depression?  If so, you are far from alone.  Thanks to technology Americans are more isolated than they have ever been before, and as you will see below, this is really … Read more