Spreading the truth. Empowering the people.
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 … Read more
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 … Read more
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 … Read more
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 … Read more
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 … Read more
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 … Read more
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 … Read more
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 … Read more
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 … Read more
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 … Read more
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 … Read more
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 … Read more
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 … Read more
Countless people are on the brink of bankruptcy. Most don’t even realize it. Bills are getting paid. Credit cards still have some balance remaining. Everything is just fine, right? Not … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Here’s how a soon-to-be bankrupt company that’ll default on all its debts can still borrow $5.5 billion. PG&E, the largest gas and electric utility in California, … Read more
NEW YORK (Reuters) – Sears Holdings Corp Chairman Eddie Lampert prevailed in a bankruptcy auction for the U.S. department store chain with an improved takeover bid of roughly $5.2 billion, … Read more