Lower Interest Rates do not help people out of debt and actually encourage more credit, at higher levels.

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Despite unprecedented #ZIRP for nearly a decade, personal interest payments remained sky high. Interest payments now exceed previous 2008 peak. Chart from @dlacalle_IA 1/Convince teens they need college (they don’t) 2/Make predatory loans to non-creditworthy young adults 3/Risk only to borrower & taxpayer, college is only beneficiary 4/Create system of debt slavery 5/Everyone blames everyone … Read more

Amazing confluence of events is happening this 2018

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Excellent article that spells out the current “big picture” global financial/economic situation Fiscal stimulus raises the odds of an inflation overshoot, prompting the Fed to lean more hawkish than they otherwise might. Meanwhile, the deluge of Treasury supply needed to fund that stimulus is colliding with Fed balance sheet rundown to create a dollar liquidity … Read more

Chinese Factory Says It’s Producing The “Trump 2020” Campaign Flags

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from Zero Hedge While President Trump wages a trade war with China that could soon impact every Chinese-made product entering the US, the owner of a Chinese factory has confirmed to the Hill that he’s been hired to produce flags for Trump’s 2020 presidential campaign. The factory owner, Li Jiang, runs a flag-making factory in China’s Zhejiang province … Read more

Warning: Facebook Has Gone Full Purge. They’re Deleting Alternative Media Pages En Masse!

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by SatyapriyaCC Here’s a list of all the pages I know of which have been deleted or unpublished indefinitely: Collectively Conscious (915K followers) – Deleted on June 13th, 2018. Natural Cures Not Medicine (2.3M followers) – Deleted on June 11th, 2018. I Want to Be 100% Organic (700K followers) – Deleted on June 13th, 2018. … Read more

Netflix is removing their user ratings

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by shadow332 Netflix is removing their user ratings. The streaming service began notifying members who’ve used the feature recently that they will no longer be able to write reviews by the end of July. Come August, the reviews will disappear altogether. “This feature is only offered on the website and has seen declining usage over time,” … Read more

Unhinged demorats: NY man nearly runs over republican campaign volunteer and threatens to kill President Trump supporters

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by DCG Unhinged proggie Martin Astrof Wonder if Maxine Waters inspired him? From Fox News: A New York man nearly ran over a campaign volunteer at a Long Island congressman’s re-election headquarters Friday after threatening to kill supporters of the lawmaker and President Donald Trump, police said. Martin Astrof, 75, was arrested outside his home shortly afterward … Read more

LOW UNEMPLOYMENT & RISING WAGES? THAT’S HORRIBLE!!: Or at least that’s what CNBC thinks.

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via newrepublic: Rising wages horrify CNBC but delight everyone else. On Thursday, the business news network tweeted: America’s labor shortage is approaching epidemic proportions, and it could be employers who end up paying. https://t.co/b1O21856sl — CNBC (@CNBC) July 5, 2018 In defense of CNBC, rising wages are a problem from the point of view of … Read more

19 discounts seniors don’t know they can get

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by Dr. Eowyn (1) Negotiate a Better Mortgage Rate With HARP Does lowering your mortgage payments, paying off your mortgage faster, and having an extra $290 a month in savings sound good to you? Then you should look into a government program called Home Affordable Refinance Plan (HARP): HARP can help reduce your monthly mortgage payments … Read more

Shock! 70% of Wealthy Families Lose Their Wealth By The Second Generation!

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https://www.youtube.com/watch?v=gINXPmTylxM According to a recent report from Williams Group Wealth Consultancy, 70% of wealthy families lose their wealth by the second generation, and a shocking 90% by the third generation. Stefan Molyneux breaks down the financial reality of the “shirtsleeves to shirtsleeves in three generations” saying. Source: http://time.com/money/3925308/rich-fa…

Banks Squeal as Spain’s New Government Threatens to Do Unthinkable: Raise Taxes on Their Profits

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Payback time for the financial sector that was bailed out by taxpayers, the new government thinks.  By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET. It’s payback time for Spain’s financial sector. At least that’s what the country’s new center-left coalition government appears to believe. After receiving the biggest financial bailout in the country’s history … Read more