Do you believe that having debt like credit cards, line of credit, student loans, etc. is good, bad, or it depends? More so than ever before, people are living paycheck to paycheck. No savings. Nothing for a rainy day. …
San Francisco is one of the richest cities in the world. It’s given us music, technology and elegant architecture. Now it gives us filthy homeless encampments. One urban planner told me, “I just returned from the Tenderloin (a section of …
Here is today’s articles mentioned in this news update: 1. The World Bank and IMF are in crisis. It’s time to push a radical new vision https://www.theguardian.com/commentis… 2. The World Bank’s controversial president just resigned https://www.vox.com/future-perfect/20…
Just look around, the madness is all around. On different scales. In different regions. No matter where you turn, there’s a terrible economic drought right now, induced by central bank intervention with no end in sight. With debt at maximum …
by Shaun Richards Today what we are going to be taking the advice of the Jam and Going Underground. Specifically we are looking into the problems and travails of the German banking system. One factor in this is the deteriorating …
by Charles Hugh-Smith The global economy is way past the point of maximum debt saturation, and so the next stop is debt exhaustion. Just as generals fight the last war, central banks always fight the last financial crisis. The Global Financial …
by Mac Slavo of SHTFplan The debt crisis in the United States of America has reached apocalyptic proportions. A new and horrifying report out details the reason why 63 of America’s largest cities are completely broke: debt and overspending. According to a recent analysis …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter “Patient” has become the Fed’s favorite word in recent weeks as just about all Fed governors slipped it into their speeches. Today the word made its way into the FOMC statement for the first time. During …
Ronni Stoeferle interviewed by SBTV SBTV speaks with returning guest, Ronald Stoeferle of Incrementum AG, about what he observed about Chinese attitude towards gold during his recent visit to Shanghai for the China International Precious Metals Annual Conference. Download the In Gold …
Everyone remembers that housing prices were crushed during and even after the 2007-2009 financial crsis. Are we headed toward a repeat? https://www.youtube.com/watch?v=7QIn0HdNCeQ
by Ambrose Evans-Pritchard via Gold Anti-Trust Action Committee (GATA) By Ambrose Evans-Pritchard The Telegraph, London Thursday, January 24, 2019 https://www.telegraph.co.uk/business/2019/01/24/imf-fears-political-rage… The International Monetary Fund has warned that the system of global cooperation that saved world finance in the 2008 crisis may break down if …
Investigative reporter Chris Ramirez reports on the security crisis and crime on the southern border in New Mexico. He speaks with New Mexico border residents about the security challenges on the border, with one resident noting, “we have a crisis …
Debt to GDP 2008-2018 Italy: 102% to 132%US: 74% to 105%Canada: 68% to 90%Spain: 39% to 98%France: 69% to 98%UK: 50% to 88%China: 27% to 47% Seeds of the next major financial crisis may well be found in today’s sovereign …
by freetvs MIRROR full segment from CBS News CBS is trying to downplay the effectiveness of a wall. They don’t seem to understand that a wall is a deterrent (just like a door on your house) and one layer of …
People have been conditioned to accept the maximum quantity of debt they can get. This is unacceptable and will surely be a losing battle. Yet so many people do this. Do you think that rising interest rates will have a …
by TFittonJW I get a bit heated in our latest Judicial Watch Update: Other Update background: https://www.judicialwatch.org/press-room/press-releases/federal-court-orders-discovery-on-clinton-email-benghazi-scandal-top-obama-clinton-officials-susan-rice-and-ben-rhodes-to-respond-to-judicial-watch-questions-under-oath/ https://www.judicialwatch.org/press-room/press-releases/judicial-watch-uncovers-documents-detailing-pelosis-repeated-requests-military-travel/ https://www.judicialwatch.org/press-room/press-releases/judicial-watch-uncovers-new-documents-detailing-pelosis-use-air-force-aircraft/ https://www.judicialwatch.org/press-room/press-releases/judicial-watch-uncovers-new-documents-detailing-pelosis-use-of-air-force-aircraft-for-her-family-in-2010/
Canadians who took on way too much debt will suffer the consequences. Canadians love debt. Some love it more than others but it’s certainly a trend. Drive down the busy roads and find every luxury car you can imagine. Drive …
by Mac Slavo of SHTFplan Student loan debt is a fundamental crisis. Students are borrowing money to pay for school at an alarming rate. But as the problem worsens, it seeps into other sectors, such as the housing market, putting the entire economy …
from Life Benefits You may remember the iconic character, Mr. Toad the motorcar fanatic, from Kenneth Grahame’s classic Wind in the Willows. What you may not know is how to recognize wild Mr. Toad rides in the financial world. 2 new …
by Graham Summers of Gains, Pains & Capital As I keep warning, the global economy is rapidly moving into a recession. If you don’t believe me, consider that in the last two weeks, the following have been announced… 1) South Korean exports, a …
Photo by Bank of England | CC BY | Photoshopped from original From Birch Gold Group The pension crisis has been escalating for quite some time, and accounting for pension shortfalls seems next to impossible for state governments. The shortfall between pension assets and …
Shifting bad consumer & business debts from banks to the public, but the way this bank bailout got packaged is pretty nifty. By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET. Turkish President Recep Tayyip Erdoğan has launched a raft …
via Daniel Lacalle We have been reading numerous comments recently about a forthcoming recession and the next crisis, particularly on the tenth anniversary of the collapse of Lehman Brothers. The question is not whether there will be a crisis, but when. In …
by GoldCore – Case for a pending financial collapse is well grounded warns Rickards – “Ticking time bomb” the Federal Reserve has created is set to go off… – Economist warns U.S. high-yield debt, default of “junk bonds” could cause …
When Lehman Brothers declared bankruptcy ten years ago on Friday, the question on everyone’s minds was simple: “Who’s next?” If a pillar of Wall Street worth hundreds of billions of dollars just months before couldn’t be trusted with the public’s …
by Kimble Charting Is 2018-2019 going to be a repeat of the 2007-2008 crisis for the home builders? One indicator/index to watch is the Dow Jones Home Construction Index. This index experienced a bearish divergence just before the 2007 stock market highs. …
via WSJ: No U.S. company rated below investment grade has issued bonds since November—the longest stretch without a high-yield sale in more than two decades—reflecting investors’ concerns about market volatility and the durability of the long-running expansion. December was the …
Authored by Sven Henrich via NorthmanTrader.com, Intrigue So we got the Dirty Rally I alluded to before Christmas. The imbalances I highlighted on December 23 called for a reconnect to moving averages off of the 2340 $ES zone and the 2001 analog structure suggested …
A Total of 43% vs. 37% of all voters believe the wall should be built All voters 43% vs 37% Democrat voters 53% vs. 19% Independent 37% to 37% Republicans 72% to 19% most americans see a serious crisis on …