via mishtalk: Proponents of MMT please note: Your proposal is failing in actual practice. Please consider £11 Trillion Debt Wave as Governments Borrow More Than Ever Before. Governments need to borrow £11 trillion on financial markets this year, breaking the £10.9 trillion …
by Michael Snyder The U.S. national debt is wildly out of control, and nobody in Washington seems to care. According to the U.S. Treasury, the federal government is currently $21,933,491,166,604.77 in debt. In just a few days, that figure will cross …
via theguardian: Its populist leaders said they were on the cusp of an economic miracle to rival the 1960s, but debt and uncertainty intervened Sharing his predictions on the economy less than a month ago, Luigi Di Maio, the Italian deputy prime …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter China, Japan, other foreign entities dumped US Treasuries. But someone had to buy. Here’s who. Under the impact of a stupendous spending binge peppered with juicy tax cuts, the Treasury Department has had to issue a …
via Reuters: Federal Reserve Chairman Jerome Powell has a problem: how to explain that the Fed may soon begin to taper its ongoing asset-shedding operation without looking like he’s hunkering down for a coming recession, or caving to U.S. President Donald …
by Grover Here’s an article from MarketWatch about the Congressional Budget Office (CBO) forecast for the next 10 years. In essence, they are predicting that we’ll have average deficits of $1.2 trillion per year for the next decade. Of course, that is only …
by Thinker BATTLE FOR WORLD / BLOOMBERG – January 28, 2019: In the normal scheme of things for the United States to maintain…all of its war activities throughout the world it has increased yet again the U.S. debt. The Bloomberg …
Howard Schultz: The $21 trillion national debt is the ‘greatest threat domestically to the country’ Howard Schultz rips Democrats for veering too far left from CNBC. “I think the greatest threat domestically to the country is this $21 …
Do we begin ripping our hair out now? via brassballs: SNIP House Speaker Pelosi sits in the front row for a reason. She is in charge of divvying up more than just America’s trillion dollar NATO funds. The Speaker also controls …
via outline: Remember the subprime mortgage mess? $1.2 trillion in risky corporate debt is flashing similar warning signs Indebted borrowers increasingly take out high-interest, adjustable-rate loans that are packaged into securities and sold to investors eager for a better rate of …
In a time where central banks said they would accelerate quantitative tightening, China decided to ramp up the printing presses. A massive decline in the stock market, a slowing of the real estate market, and the economy becoming sluggish has …
via Bloomberg: Walmart, Samsung, Koch Industries and Hermes have built some of the biggest fortunes to ever be handed down between generations. The saying, or at least the sentiment, sounds familiar in any language: “Shirtsleeves to shirtsleeves in three generations.” …
Michigan State Economics Professor Mark Skidmore is being refused access to data that could explain $21 trillion in “missing money” from HUD and DOD. Now, the entire federal budget has been turned into a national security issue. There is literally …
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 …
https://www.youtube.com/watch?v=NUlTLfTTKe0 There is wholesale stealing and criminality happening now. Totally out of control. The $269 Trillion missing/stolen/unaccounted for since Sept 10, 2001, $21 Trillion documented by Mark Skidmore, is now being covered up under the fraudulent guise of national security …
by Michael Snyder The borrower is the servant of the lender, and one of the primary ways that the elite keep the rest of us subjugated is through the $244,000,000,000,000 mountain of global debt that has been accumulated. Every single day, …
via newsweek: Where the Money came From Federal Reserve $8.2 trillion; included bank loans and asset guarantees. Treasury Dept. $6.8 trillion; included TARP funds, stimulus spending, and tax benefits. Other $654 billion; included $134 billion from FHA to guarantee residential mortgages. …
Former Fed insider Danielle DiMartino Booth says the $250 trillion global debt is going to be a painful and messy problem to resolve. What about a giant global debt forgiveness such as a debt jubilee? DiMartino Booth warns, “I am …
by Jon Rappoport Alert to pension fund managers all over the planet—and to everyone else— “If 1,000 US and global pension fund managers start asking questions it could change everything – like stopping a nuclear war.” That’s a statement from …
by WhereIsFiber Regarding our country’s “Defense” spending, the 21 Trillion dollars in missing money and highly unusual adjustments covers just the years 1998 to 2015 (a 17-year period). (The title above says 1988, but titles can’t be edited after submission.) Yes, there are differences …
via fullmeasure: – It has between 3 to 5 million illegal immigrants. – 1/3 of the nation’s welfare recipients. – 1 in 4 of America’s homeless population. – 1 in 5 Californians lives in poverty. – Its public schools rank in …
Now, where is the criminal investigation? RAI: https://therealnews.com/stories/cold-war-radar-system-a-trillion-dollar-fraud-lester-ernest-on-rai-1-4 Les Earnest: https://en.m.wikipedia.org/wiki/Les_Earnest Les Earnest talk at the Humanist Community Forum (2018-01-14): How a fraud (SAGE) launched the Internet https://youtu.be/AtRvm47RGIw h/t Lemonbouy
Merry Christmas: Federal Debt Up $1.37 Trillion Since Last Dec. 25; $10,743 Per Household (CNSNews.com) – The federal government has added another $1,370,760,684,441.54 to the debt since last December 25, according to numbers published by the U.S. Treasury. On Dec. 25, 2017, …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter The Fed has warned about them, and investors fear a run-on-the-fund. The $1.3 trillion “leveraged loan” boom is coming unglued: Not because the junk-rated, highly leveraged, cash-flow-negative companies that issued these loans are massively defaulting – …
$21 TRILLION of Pentagon financial transactions “could not be traced, documented, or explained.” $21T in Pentagon accounting errors. Medicare for All costs ~$32T. That means 66% of Medicare for All could have been funded already by the Pentagon. And that’s …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Debt out the wazoo, but someone is still buying it. The US gross national debt has ballooned by $1.33 trillion over the past 12 months to $21.8 trillion as of December 14, according to Treasury Department …
via Bloomberg: The Bloomberg analysis found that loans issued about six years ago have the highest cumulative loss percentage compared to any other year since the financial crisis ended. This indicates that students who took a loan in 2012 have …
Former Fed insider Danielle DiMartino Booth says the $250 trillion global debt is going to be a painful and messy problem to resolve. What about a giant global debt forgiveness such as a debt jubilee? DiMartino Booth warns, “I am …
