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by Jim Quinn From September 2009 “The Federal Reserve is the glue that marries corporations to the government. As Governor of NJ, Woodrow Wilson understood (at least on paper) the danger of marrying corporations to the state. Wilson wrote: — “The great monopoly in this country is the money monopoly. So long as that exists, … Read more
by WARREN MOSLER Spending was up, but unfortunately due to higher gas prices, which were paid for by further dipping into savings that were already far too low. So looks to me like q2 is off to a very uncertain start after a weak q1: Highlights Income isn’t quite as soft and spending isn’t quite … Read more
via NJ.com: Gov. Phil Murphy on Wednesday signed a law preserving a critical yet controversial part of the Affordable Care Act that President Donald Trump‘s administration repealed last year. One of the laws creates a statewide individual mandate, which will require all New Jerseyans who don’t have health coverage through a government program like Medicare or their jobs to buy a policy, … Read more
by FS Paying Back College Loans Student debt has topped $1.5 trillion in the US, and many are concerned about their ability to both pay for college and cope with loans after graduation. But it isn’t as dire as some imagine. If a person’s total debt at graduation is less than their starting salary, they … Read more
BY JOHN MAULDIN I recently released a series of articles about the looming crisis I call “the Train Wreck”, which received a lot of attention and comments. Some of my readers view this crisis as being a repeat of the 2008 fiasco. That’s partly right. We will have a painful economic and market downturn, but the causes will be … Read more
by Brian Maher of Daily Reckoning Another crack forms in the globalist edifice… The Dow Jones plunged nearly 400 points yesterday. The S&P dropped 31… the Nasdaq, 37 Bank stocks took the mightiest wallops — J.P. Morgan, Goldman Sachs, Morgan Stanley, Citigroup and Bank of America all fell over 3%. Why bank stocks? And why is … Read more
The Mueller investigation into Russia colluding with the Trump campaign was started with FBI paid spies. Congressman Trey Gowdy calls them “informants,” but other top former federal prosecutors call them spies that were hired to plant phony evidence to try and get Trump kicked out of office. Roseanne Barr was fired from her show, and … Read more
https://twitter.com/OccupyWisdom/status/1002341183128002561 Not an ounce of me hates it. But there will be a lot of people that go completely broke as a result h/t OccupyWisdom
https://twitter.com/OccupyWisdom/status/1002280471668158469 'While the typical student borrower owes $17,000, the number of those who owe at least $100,000 has risen to around 2.5 million, nearly 6% of the borrowing pool" https://t.co/O3aDpPVyUF pic.twitter.com/JWxJlLyoEG — Trevor Noren (@trevornoren) May 31, 2018
I was thinking that we are in the beginning of the deflationary phase with credit markets beginning to fail. But she raised an interesting point; if things start to fail central banks can move on and print more money. Only when countries and corporations no longer can service near 0 interest rates this insanity will … Read more
via Mises Institute: Was there an inevitability that the Fed would mutate over time and become a tool irrevocably committed to unsustainable weak-money policies designed to benefit the extremely few and the expense of the very many? Yes. There is a reason all forms of fiat currency every produced have always failed. Once they are … Read more
https://www.youtube.com/watch?v=suZaNNALLmU A whistleblower/ Starbucks manager joins Alex Jones live over the phone to exclusively reveal the political correct brainwashing they received at the Starbucks racial sensitivity training session.
This is sad to see as the “new standard.” The term of auto loans is increasing as well. A lot of loans today are originated on 72 or 84 month repayment schedules, which is absolutely insane. via CNBC: The average monthly loan payment for a new vehicle hit an all-time high of $523 in the … Read more
Anyone successful in getting a report from NCTUE via gizmodo: Remember all that trouble you went through to freeze your credit report after the massive and unforgivable Equifax hack? Turns out it was all for nothing, as security writer Brian Krebs reported Wednesday that the same company responsible for compromising the security of nearly two-thirds of the adult population … Read more
by Peanutbutteryarn Sorry if this is a common problem but I’ve never not been believed when a fraudulent charge has been made. My credit card number has only been stolen once or twice before. On April 16th I used my chip embedded, Chase Freedom card for the first time in about five months. I made … Read more
https://twitter.com/StockBoardAsset/status/1002530263648305152
"Keep watching credit spreads and European banks. Both risks have ramped up abruptly in recent days," h/t @hussmanjp pic.twitter.com/rwnCDP0rvg — Alastair (@StockBoardAsset) May 31, 2018 The ECB has been the only real buyer of Eurozone bonds this year. And bond yields still soared.@EconPulse pic.twitter.com/iIapceXmH3 — Daniel Lacalle (@dlacalle_IA) June 1, 2018 Toxic debt shoved under … Read more
DB math… Credit rating downgrade+scandal+lawsuits+low morale = risk off – BTMFD pic.twitter.com/feAuffR20j — Vincent (@vinman205) June 1, 2018 Deutsche Bank Credit Default Swap readings have been a great indicator of panic for the overall global stock markets. Spikes in late 2008/09, 2010, 2011/12 & 2016 led to major buying opportunities. We have another spike in … Read more
USGS is not telling people about the major subsidence of land in the east rift zone. Not good. AC
I thought its all just the evil EU and the traitor governments but as days go by… its the the european people themselves are a bunch of retards who honestly bring this sh*t upon themselves. via washingtonpost: In the no-confidence debate, Sanchez, 46, called on Rajoy to step down over the kickbacks scandal. “Are you … Read more