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

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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

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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

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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

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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?

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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.

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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

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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

Despite Record Buybacks, Earnings Per Share Are Falling, Yet Valuations Rising

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via trueeconomics: As raging buybacks of shares and M&As have dropped the free float available in the markets over the recent years, Earnings per Share (EPS) continued to tank. Yet, S&P 500 valuations kept climbing: Source: Factset  As noted by the Factset: 1Q 2019 “marked the largest percentage decline in the bottom-up EPS estimate over the … Read more

Academic Hoax – “What appears beyond dispute is that making absurd and horrible ideas sufficiently politically fashionable can get them validated at the highest levels of academic grievance studies”

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by magenta_placenta Three people conducted what they call a ‘grievance studies’ experiment. They wrote fake papers on ridiculous subjects and submitted them to prominent academic journals in fields that study gender, race, and sexuality. They did this to “expose a political corruption that has taken hold of the universities,” say the hoaxers in a video … Read more

Wasserman Schultz Threatens Kicking Bernie Sanders Out Of Democrat Party Over Venezuela | Greg Palast on The Jimmy Dore Show

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Investigative journalist Greg Palast appears on the Jimmy Dore Show. The conversation turns to DWS threat to kick Bernie Sanders out of the Democrat Party if Sanders does not go along with program to starve Venezuela into submission. Palast: “Wasserman Schultz is well known to be allergic to democracy”   h/t casapulapula  

Markets aren’t really recovering from the US-China trade war – this is just a dead cat bounce

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by Andy Xie The markets are celebrating the pending agreement between China and the United States to end the trade war. This follows the US Federal Reserve signalling a pause in raising interest rates. The euphoria is bringing the bulls out of hiding. Unfortunately, this is likely to be a dead cat bounce. A global slowdown … Read more

Forced Blood Draws & Implied Consent Laws Make a Mockery of the Fourth Amendment

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by John W. Whitehead “The Fourth Amendment was designed to stand between us and arbitrary governmental authority. For all practical purposes, that shield has been shattered, leaving our liberty and personal integrity subject to the whim of every cop on the beat, trooper on the highway and jail official.”—Herman Schwartz, The Nation You think you’ve got rights? Think … Read more