Spreading the truth. Empowering the people.
by Charles Hugh-Smith Subtract their immense debts and they have negative net worth, and therefore the market value of their stock is zero. To understand why the financial dominoes toppled … Read more
Not just bank, their local gov is in deep trouble too. pic.twitter.com/Nr6MGcVuxU — Einhander😷 (@ZeroGravityGAF) October 14, 2019 China's economy is facing immense assets and loan crisis now. Banks cannot … Read more
by Lynette Zang of ITM Trading One look at global financial plumbing (which we do in Part 2 of this series) verifies that, short-term debt provided by private corporations is providing the propellent … Read more
Money manager Peter Schiff predicts, ““Americans are going to be impoverished on a national scale.” So, what is Schiff telling his clients to protect their wealth? Schiff says, “You’ve got … Read more
by Simon Black In the year 1157, the Republic of Venice was in the midst of war and in desperate need of funds. It wasn’t the first time in history that … Read more
by Simon Black Last week, the head of a New York state pension fund found herself a new job. Vicki Fuller, the former head of New York’s $209 billion fund, now … Read more
via @OccupyWisdom : THREAD 1/ #SOCIALSECURITY “TRUST FUND” INSOLVENT IN THE NEXT 10 YEARS No solution for this. Or maybe there is. What happens when $1,500,000,000,000 of #studentloans default? pic.twitter.com/X2PX45ogVh — OW … Read more
Do you believe the PENSION CRISIS is worse than we are being told? Pension funds, particularly in the United States have become insolvent, mainly due to theft from those in … Read more
by Chris Martenson Watching the world these days, I’m experiencing the same fury that rises up from my gut when the driver in the car ahead me is weaving drunkenly, … Read more
by Jim Quinn I’m sure tackling these issues is next on Trump’s agenda. Sound of crickets. Fiscal disaster is baked into the cake. Only tough unpopular actions could save the … Read more