https://www.youtube.com/watch?v=TV01S_haL0g The most incredible video of the coming Economic Collapse and the next Great Depression. Today, America is nearly 70 trillion dollars in debt, and that debt is shooting higher at an exponential rate. Usually most of the focus in …
Do you think it’s ok to have lots of credit card debt? I ask this because many people believe that this is a great way to consume more and believe that hyperinflation will eventually pay for everything. People have …
via UPI: The combined wealth of all the world’s millionaires rose in 2017 for the sixth straight year, and topped the $70 trillion-mark for the first time on record. The World Wealth Report from Capgemini, released Tuesday, credits the rise to an …
Money manager Catherine Austin Fitts says, “The establishment has stolen $50 trillion plus, and they want to keep it, and they want to invest it in the space based economy and not have to give it back to the pension …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Russia, Japan, and the Fed dumped. So who bought? China’s holdings of US Treasury bonds, notes, and bills, after rising in February and March, fell by $5.8 billion in April to $1.18 trillion. Thus, China’s holdings …
by Thinker As the Obama administration comes to a close, the administration leaves the US with the highest national debt the country has ever seen, approaching 20 trillion dollars. Richard Wolff, professor of economics at The New School, says that …
via Safehaven: Some 44 million people in the United States now owe more than $1.5 trillion in student loans, and not only do women carry the lion’s share of this burden, but they’ll also have the toughest time paying it back. …
by GoldCore – Too Many Trillions – Rapid Maturity – Leverage Plus Leverage – Circling Vultures – Total of U.S. Federal, State & City Debt Exceeds $200 Trillion Dollars via Mauldin Economics Rather go to bed without dinner than …
Bernanke saw no risk to the economy of: . $13 trillion deficit . $4.7T Fed QE bubble . $1.5T increase in taxes . Stagnating real wages . Productivity growth and labor participation rate at 1978 levels. …But is worried about …
via Bloomberg: Traditional metrics like P/E and P/B are effectively broken Outdated accounting standards create ‘distortions’ in equities And it’s not just talk. Practitioners now regularly adjust models to give greater heft to things that were previously thought too abstract …
Howard Schultz: The $21 trillion national debt is the ‘greatest threat domestically to the country’ – CNBC Howard Schultz rips Democrats for veering too far left from CNBC. “I think the greatest threat domestically to the country is this $21 …
https://twitter.com/trevornoren/status/1003322582060421121 Is the world sitting on a debt time bomb? A new global debt database launched by the International Monetary Fund here in Washington last week shows combined public and private debt has ballooned to at least $US164 trillion ($218 …
$63 Trillion (63.000.000.000.000) of Global Government Debt in One Visualization; Tick, tick, tick, when will some currency fall ? pic.twitter.com/RxMjXMwZoF — Wim Grommen (@wimgrommen) May 25, 2018 Collapse of the financial system is unavoidable. History never repeats itself, but always …
by Thinker Comedian Lee Camp on his show Redacted Tonight recalls the first-ever audit of the Pentagon, which is taking 2,400 auditors to do the job, trying to understand where $21 trillion in unsupported adjustments went. In his show, Camp …
up 0.5% from the previous quarter https://twitter.com/wsjcentralbanks/status/997428085724237824?s=11 Household Debt Now Well in Excess of Pre-2008 Debt Crisis Levels Remember how it went in 2008? Markets positively drowning in credit. Subprime for miles, increased credit card limits for all. Boom times. …
U.S. Has Spent $2.8 Trillion on Terrorism Fight, Study Finds Figure includes spending on wars in Afghanistan, Iraq, Syria WASHINGTON—The U.S. has spent as much as $2.8 trillion on the fight against terrorism since the Sept. 11, 2001, terrorist attacks, …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Japan systematically dumps US Treasuries while China hangs on. China increased its holdings of US Treasury bonds, notes, and bills by $11 billion in March to $1.19 trillion, the highest since October last year, according to …
Largest Heist EVER In Human History – Literally https://www.youtube.com/watch?v=F9EigEEAQeM The Americans are being screwed by their own politicians. h/t RobertAntonWilson
Scientists at the University of California, Davis, say they have calculated the total costs of caring for people with autism spectrum disorder (ASD) in the United States today and 10 years from now for the first time. Their study, published …
These Canadians are in a “highly vulnerable” position. By Daniel Wong, Better Dwelling: Canadian real estate debt hit a new high, and the news gets worse as they explain it further. The Bank of Canada (BoC) updated household debt numbers for March. In …
by visualcapitalist The 10 Wealthiest Countries The Chart of the Week is a weekly Visual Capitalist feature on Fridays. According to market research company New World Wealth, the world has accumulated $215 trillion in private wealth, a 12% increase over the last year. Incredibly, …
by Chris Black America is a country drowning in debt, slowly but surely, and the United States’ trillion dollar (annually) military-industrial complex, as Eisenhower put it more than half a century ago, is part of our national disaster. Before going …
Interest in climate change is becoming an increasingly powerful economic driver, so much so that some see it as an industry in itself whose growth is driven in large part by policymaking. The $1.5 trillion global “climate change industry” grew …
The year 2050 is factoring in continuous growth from now until then. Just imagine how it will be in reality! The pensions will not be able to keep up with their promises. Get ready for cutbacks! Why isn’t this a …
Note: the missing $20 trillion does not refer to the national debt. 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 …
Take a few minutes and watch this RTD educational documentation, “This $233 Trillion Bomb Is Set to Blow”. Share your thoughts below on the impact of an increasing national debt, deficits and derivatives in days the ahead?
by visualcapitalist View a high resolution version of this graphic Are governments making promises about pensions that they might not be able to keep? According to an analysis by the World Economic Forum (WEF), there was a combined retirement savings gap in excess …
Who will bail out Deutsche Bank? Derivatives are a funny subject because the average person doesn’t understand them. The average person in the financial industry doesn’t understand them. Only the people who created them actually understand them. When a company …
That’s $40,000 for every household in the US. The pretend war on terror is nothing more than a state enforced transfer of wealth from the working class to Government Contractors. notes & sources https://www.nationalpriorities.org/cost-of/war/ h/t SuperCharged2000
by Simon Black Yesterday the US government’s own Congressional Budget Office (CBO) published a pretty sobering report about the state of Uncle Sam’s finances– and what the future holds. According to the CBO, the federal government’s spending habits are in such …