Be a voice, not an echo.
from Kerry Lutz’s Financial Survival Network John Rubino returns… As our economy drifts into bankruptcy and financial crisis, we are experiencing a widespread loss of trust. I sit down and chat with
By Matthew Piepenburg Below, we look at The hidden bankruptcy of the US in the wake of even more inflationary forces confirmed by cost-of-living-adjustments, Uncle Sam’s interest expenses, objectively unloved Treasuries and a roaring as
by Doug French via Mises The New York Times recently published a piece entitled “When Kmart Moved Out, Churches and Flea Markets Moved In.” The article, penned by Kevin Williams, provides an instructive subtitle: “The
The Senate Just Approved a Spending Plan 5x the Size of FDR’s New Deal The breadth and scope of the spending resolution is genuinely breathtaking. From trillions in COVID-19 spending
by confoundedinterest17 Washington Prime Group, a mall REIT, has filed for Chapter 11 thanks to 1) online-shopping trend and 2) Covid fear. (Bloomberg) Washington Prime Group Inc., a real estate investment trust
This AG sounds like a real piece of work…. In January, the @NRA filed for bankruptcy in an attempt to evade accountability in New York, despite claiming to have plenty
The European Systemic Risk Board (ESRB) has delivered a damning assessment of the economic crisis in Europe as much of the continent continues to battle a third wave of coronavirus
via thenationalsentinel: One area where socialists — sorry, Democratic socialists — lack is in mathematics, and we’re not even talking the complicated stuff like algebra, trigonometry, and geometry. They have trouble with simple
Josh Sigurdson talks with author and economic analyst John Sneisen about the vast amount of debt in Canada as Canadians are going broke! HALF of Canadians polled claim they are
by Martin Armstrong They continually try to force socialism upon society so a few can live off of other people’s money. The problem is that capital can flee, as we
by Jim Quinn Households used the debt to buy new $35,000 SUVs, new 5,000 sq ft $500,000 McMansions, on student loans to get degrees in Transgender Studies and on credit
via Reuters: It seemed like an opportunity a lender would not want to miss. The loan paid 10.25 percent interest which would go up if a benchmark rose. The borrower
The list continues to grow and we’re only in March. As I explained in the video, it’s not just retail. Other companies like GM closing up plants, are a factor
New York will soon have a departure tax… Experts: NYC could go Bankrupt for 1st time in 40 years New York City is headed for financial ruin and could
The fate of the A380 is sealed. By MC01, a frequent commenter, for WOLF STREET: On February 5, German low-cost carrier Germania announced it has filed for insolvency in Berlin and that all
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Brick-and-Mortar Meltdown for its new shareholders: All of them PE Firms. By store count, this is likely the largest retailer liquidation in the US: Payless ShoeSource
via Reuters: U.S. discount retailer Payless ShoeSource Inc plans to close all of its approximately 2,300 stores when it files for bankruptcy later this month for the second time in as
Financial writer Bill Holter and renowned gold and financial expert Jim Sinclair say the financial crash is here now. Holter says, “I think President Trump is going to preside over
Road To Roota, Released on 1/29/19 With $60B-$80B in potential claims against PG&E in their Chapter 11 filing why isn’t anybody talking about the $600B-$800B in notional DERIVATIVES that were
But traffic is up, and these are still the good times. By MC01, a frequent commenter, for WOLF STREET: Ryanair lowered its 2018 profit guidance from a range between €1.1 billion and €1.2