US Budget Deficit and Interest Take Trip to the Moon

by

by David Haggith In my first Premium Post back in January, “2019 Economic Headwinds Look Like Storm of the Century,” I laid out sixteen major headwinds that would be howling against the economy this year. One of those was the government debt, which I said was about to skyrocket: If you thought the government deficit exploded … Read more

Obama took over college loans for America in 2008-2009 look what he did to the cost of education

by

Did the same for Healthcare, look at the cost increase.   AMAZING! Do you guys realize something about Liberals, Obama and how they attack Trump? They are ADMITTING Obama did NOTHING memorable ! When Obama did something, they stayed silent, and when Trump does the same thing, they are whining. Example Documents obtained by NBC … Read more

Sean Hannity: Radical Communists have taken over the Democratic Party and Pelosi fears them… Dems won’t let Fox News host primary debate

by

Watch the latest video at foxnews.com The 2020 presidential election is officially gearing up and the Democratic Party is imploding. Radical, extreme far-left socialists have now taken over. And any Democrat who doesn’t fall in line and support this their left-wing vision will get thrown down to the curb by Rep Alexandria Ocasio-Cortez, D-NY. All of America needs to … Read more

Russiagate Grand Wizard Deceives Audience About Assange

by

by Caitlin Johnstone When it was first revealed in November that WikiLeaks founder Julian Assange is under secret charges by the Trump administration, I spent the next few days being told by Russiagaters that this was proof that I have been wrong about their demented cold war cult all along, because #MuellerTime is fast approaching. At long last, they vehemently … Read more

British billionaires rush to world’s top tax havens… ‘Nearly a third’ hiding cash

by

via YAHOO: Nearly a third of Britain’s billionaires have either moved or are relocating to tax havens, where some have broken UK law by bankrolling political parties, a major investigation said on Thursday. The Times newspaper published a series of reports detailing allegations of Britain’s ultra-rich hiding billions of pounds from the UK Treasury in … Read more

The Coming Volatility Explosion

by

By Lance Gaitan Some of those shutdown-delayed economic reports are finally coming in. The Census Bureau and the Bureau of Economic Analysis (BEA) should have most economic reports updated by the end of April. Last Friday, the BEA released the December Personal Income figures. With that, there’s some good news and some bad news… Spending … Read more

China chat log leak shows scope of surveillance; Warnings against ‘erroneous thoughts’; Beijing set to build deep sea AI Atlantis

by

China chat log leak shows scope of surveillance A leak of around 364 million online records in a Chinese database, including private messages and ID numbers, has again highlighted the size and scope of Beijing’s mass surveillance system. The files show a wealth of information linked to online accounts, including GPS locations, file transfers, and … Read more

Good Lordy, What a Banner Year 2018 was for China, Other Countries, and Corporate America

by

Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Trade goes out-of-whack as Corporate America searches for cheap labor & tax benefits. Exports increase economic activity as measured by GDP; and imports do the opposite, they reduce GDP though they tend to increase corporate profits — or else why would Corporate America run its supply chains around the world? So … Read more

Tesla Falls from Grace with Americans, Facebook Plunges to the Ignominious Level of Goldman, Wells Fargo, Sears

by

Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter But the US government got them all beat. Tesla and its CEO Elon Musk had a magic touch when it came to marketing. Walking on water was just a low-level activity. Tesla was able to create enormous pent-up demand for its Model 3, long before it ever entered much delayed production, … Read more

Trade Isn’t China’s Only Worry

by

by Charles Hugh-Smith Trade is only one manifestation of much deeper economic insecurities and imbalances. China’s enormous successes–raising hundreds of millions out of poverty, landing a rover on the dark side of the moon, etc.–are well known. Less appreciated is China’s increasing vulnerability to financial instability arising from asymmetries that cannot be resolved by tweaking trade … Read more

Deadbeat Nation: 37 Million Credit Card Accounts In The U.S. Are “Seriously Delinquent” Right Now

by

by Michael Snyder Is the consumer debt bubble finally starting to burst?  If the latest numbers on delinquent credit card accounts are any indication, that appears to be precisely what is happening.  As I noted the other day, Americans currently have 480 million credit cards, and they are carrying 870 billion dollars worth of balances on those cards.  … Read more

The Trade Deficit Continues To Explode, Factories Continue To Be Closed, And U.S. Jobs Continue To Be Sent Overseas

by

by Michael Snyder The long-term trends that are gutting the U.S. economy continue to get even worse.  As you will see below, our goods trade deficit with the rest of the world hit a brand new record high in 2018, and most Americans simply do not understand why this is such a massive problem.  Every year, … Read more

AOC Was Just RIPPED APART By Kat Timpf In HILARIOUS, MUST WATCH Rant

by

Amanda Prestigiacomo from The Daily Wire reports, On Saturday night, National Review writer and podcast host Katherine Timpf ripped into media darling Rep. Alexandria Ocasio-Cortez (D-NY) for the socialist’s widely criticized Green New Deal, which Timpf categorized as evidence that Ocasio-Cortez has completely “lost her marbles” and is “living in banana land.” https://www.youtube.com/watch?v=vnQkqoULdmg Read More/Source/Credit/FairUse: … Read more

Decentralized Finance: An Emerging Alternative to the Global Financial System

by

via visualcapitalist: The global financial system has created massive wealth, but its centralized nature means the spoils have gone to the people who are best connected to the financial centers of the world. As global inequality continues to rise, how can wealth building tools become more accessible to the rest of the global population? Luckily, technological developments and … Read more

What Makes Americans Take Out Personal Loans?

by

by howmuch Personal loans are an increasingly popular product, and people are using them to either consolidate some other type of debt, cover an emergency or fuel irresponsible consumption. That’s according to an in-depth study from LendingTree, which looked at anonymized data from customers in 2018. The study is packed with lots of great insights about … Read more

RECORD LEVEL Store Closures in 2019! Economic Downturn Can’t Be Hidden Anymore.

by

Store closures are looking to be a record high. So far in 2019, there have already been over 4000 stores closing. There’s no way to deny the economic slowdown. No, the economy is not doing well. Another wave of retail store closures coming. ‘No light at the end of the tunnel’ https://www.cnbc.com/2019/02/13/another-wave-of-retail-store-closures-coming-no-light-at-the-end-of-the-tunnel.html Paperchase proposes store … Read more

Rand Paul Introduces Bill To End War In Afghanistan & Compensate Vets With Cash Bonus

by

from Zero Hedge A bipartisan bill introduced on Tuesday by Sens. Rand Paul (R-KY) and Tom Udall (D-NM) would end US involvement in the nearly two-decade-long war in Afghanistan. The 2019 American Forces Going Home After Noble Service (AFGHANS) Act calls for a declaration of victory in Afghanistan, along with a 45-day deadline for a comprehensive withdrawal … Read more