via CNBC: Nonbank lenders, often called “shadow banks,” now have $52 trillion in assets, a 75% increase since the financial crisis ended. The industry was at the center of the financial crisis when the subprime mortgage market collapsed. Industry …
by Simon Black Last week I told you that the US government recently reported a negative net worth of MINUS $75 TRILLION. That’s not a type-o. According to the Treasury Department’s annual financial report for Fiscal Year 2018 (which they just published …
via Sheila Bair, op-ed via CNBC.com, It is commonly said that a college degree will generate more than $1 million in additional income during a graduate’s lifetime. Indeed, that seductive statistic can even be found on the Department of Education’s website. Unfortunately, …
by Simon Black Usually around the middle of February each year, the US Treasury Department releases an annual report of the federal government’s financial condition. It’s called the Financial Report of the US Government… and it looks a lot like an …
by Orangutan The Fed is supposedly a private organization that print our currency and charges us interest for doing so. Ellen Brown wrote this article and I think she even did an AMA here at one point. She’s also in the …
by wowwaowow I don’t understand how people think TPTB dont include the animal agriculture industry. The #1 predictor of disease is diet/lifestyle. dont be fooled into thinking the disproportionate rates of chronic disease in the US is anything but design. …
The Climate Change Business Journal has calculated that global warming is now a $1.5 trillion a year industry. The Business Journal’s report is not available for free online, but its findings are reviewed by the Insurance Journal. They are eye-opening, …
by John Titus of Best Evidence Now 10 years removed from the global financial crisis of 2008, we still have no idea what caused the damn thing. Thus we are primed for a galactic 2X4 to the back of our ignorant heads. In …
by Michael Snyder The United States is on a path to financial ruin, and everyone can see what is happening, but nobody can seem to come up with a way to stop it. According to the U.S. Treasury, the federal …
by Amy S. The imminent economic collapse and next Great Depression. Temporary prosperity that is created by exploding levels of debt is not actually prosperity at all. At this moment, the U.S. government is 22 trillion dollar in debt, and we …
via marketwatch: Another round of downbeat economic data sent the yield on Germany’s 10-year government bond back below 0% for the first time since 2016, highlighting a renewed rise in the amount of debt world-wide offering negative yields. “The financial world …
By John Mauldin Trump has promised to free the US of debt. He pledged to pay all federal debt off in eight years. But so far, it’s been just talk. Two years into Trump’s presidency, the US national debt has …
China’s $32 trillion problem. No worries, right? China’s unbelievably massive hidden debt is something that can’t be papered over. This can’t be swept under the rug. The problem is only getting worse and of course, there’s nothing stopping this as …
by Michael Snyder When compared to a similar point in time, Millennials are deeper in debt than any other generation that has come before them. And the biggest reason why they are in so much debt may surprise you. We’ll get …
By Irina Slav Norway’s sovereign wealth fund will exit all investments in oil and gas production acting on a government recommendation in line with a more cautious approach to energy investments by the world’s largest sovereign wealth fund worth about US$1 trillion. …
by Jim Quinn This will surely end well 4th quarter market meltdown was enough to increase the total pension funding deficit by $700 BILLION can you imagine what a real market downturn would do?? pic.twitter.com/WYtJDJSG2e — steph pomboy (@spomboy) March …
by KrakNup So Communism. Dan Bongino: The Democrats Double Down on Stupid Democrats are stupid. Got it? Bill Still: MSM TV Nets Hide Dems’ Vote For Infanticide – Dems Looking more evil by the minute! Skip to 54 seconds …
By Jared Dillian Headline in Bloomberg the other day: “Millennials Are Facing $1 Trillion in Debt.” A trillion always sounds like a lot. It is a lot. But while the absolute number is large, that is not the issue. The issue is what makes …
via salon: Though older Americans may be perplexed by the cynicism and self-deprecating nature of millennial culture, it turns out there’s good reason: the economic outlook for millennials is dismal. A new report finds that the sum of young Americans’ debt is in the 13-figure …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Where would GDP growth be without federal borrow-and-spend? So the dreams of 3%-plus economic growth in 2018 were fulfilled, after tax cuts and ballooning federal deficit spending, which acted as a huge stimulus: In the fourth …
by Mac Slavo of SHTFplan Global markets are now facing a $12 trillion dollar reckoning. The problem is staring the financial apocalypse right in the face and has the potential to accelerate the coming stock market crash. A recent report from the Congressional Budget …
And would collapse the dollar in less than 2 years! According to a new report, Rep. Alexandria Ocasio-Cortez’s (D-N.Y.) Green New Deal could cost taxpayers as much as $93 trillion over 10 years. The American Action Forum, a center-right think …
by Frank Holmes, CEO, U.S. Global Investors Photo: bagogames/flickr | Creative Commons Attribution 2.0 Generic (CC by 2.0) A couple of weeks ago, I introduced you to an exciting new company called GoldSpot Discoveries,conceived and headed by mining visionary Denis Laviolette. GoldSpot is the …
via Marketwatch: Will Nasgovitz, who oversees about $1.3 billion in assets as the chief executive of Heartland Advisors, isn’t calling for a “full-blown financial crisis,” but, with trillions in corporate debt coming due in the coming years, the industry veteran’s …
via heraldmailmedia: LOS ANGELES — California has already received an 18 trillion-gallon soaking this month — enough water to fill 27 million Olympic-sized pools — and the state’s wild winter isn’t over yet. A series of storms, including a moisture-packed atmospheric …
via CNBC: A big change in lease accounting rules effective Jan. 1 requires companies to record operating leases on their balance sheets. Operating leases include everything a company rents to run its business, from office space, equipment, factories to planes …
by Dave I’ve been going over and over in my head what “missing money” means. Let’s review. Dr. Mark Skidmore did an analysis of the DoD and HUD budgets from 1998-2015. He and his students found that there were …
by Jesse Colombo U.S. student-loan delinquencies surged in 2018, hitting a record $166.4 billion in the fourth quarter. Bloomberg reports – Delinquencies continued to climb even as the unemployment rate fell below 4 percent, suggesting the strong U.S. job market hasn’t generated …
https://www.projectcensored.org/21-trillion-missing-us-federal-budget/ “Despite disabled links and neglect from officials, the verification of over $6T inspired Skidmore and his students to comb through thousands of Office of Inspector General (OIG) reports for 1998-2015. Regarding his findings Skidmore stated, “This is incomplete, but …
by SP The Daily History of the Debt Results Historical returns from 02/01/2019 through 02/11/2019 The data for the total public debt outstanding is published each business day. If there is no debt value for the date(s) you requested, the …