Fighting the good fight
By the time Ken Ilgunas was wrapping up his last year of undergraduate studies at the University of Buffalo in 2005, he had no idea what kind of debt hole he\’d dug himself into. via Duke Grad Student Secretly Lived In a Van to Escape Loan Debt – Yahoo Finance.
MoreThink about it– solvent governments with healthy economies don’t go looking to steal 71% of people’s wealth. They’re raising this point because these governments are desperate. And flat broke. via The IMF wants you to pay 71% income tax.
More“So it’s this grind on the 99% which is continuing. As you would undoubtedly agree, we have inflation which is understated. If you imagine what’s going to happen post-January 1st in the US, when one of your biggest costs in a US household already is healthcare and now we’re talking about premiums going up 50% […]
MoreOne of the men that won the Nobel Prize for economics this year says that “bubbles look like this” and that he is “most worried about the boom in the U.S. stock market.” via 15 Signs That We Are Near The Peak Of An Absolutely Massive Stock Market Bubble.
MoreWhen it comes to reckless money creation, it turns out that China is the king. Over the past five years, Chinese bank assets have grown from about 9 trillion dollars to more than 24 trillion dollars. This has been fueled by the greatest private debt binge that the world has ever seen. via China Is […]
MoreThe United States released $8 billion in frozen assets to Iran on Sunday in a move meant to ensure Tehran’s compliance with a nuclear pact signed over the weekend, according to top Iranian officials. via Reports: U.S. Unfreezes $8 Billion in Iranian Assets | Washington Free Beacon.
More(CNSNews.com) – The latest Monthly Treasury Statement, which was released on Wednesday afternoon, relies on the estimate made by the White House Office of Management and Budget to say that federal tax revenues will top $3 trillion for the first time in the nation’s history in fiscal 2014. via WH Predicts: Taxes Will Hit Record […]
MoreOne of the least discussed, but potentially most significant, provisions in President Obama’s budget is the use of the “chained consumer price index” (chained CPI), to measure the effect of inflation on people’s standard of living. Chained CPI is an effort to alter the perceived impact of inflation via the gimmick of “full substitution.” via […]
MoreThe death of the dollar is coming, and it will probably be China that pulls the trigger. What you are about to read is understood by only a very small fraction of all Americans. via How China Can Cause The Death Of The Dollar And The Entire U.S. Financial System | GlobalResearchReport.com.
MoreAFP – With deals from London to Singapore, China is seeking a greater role for its yuan currency in global markets to challenge the hegemony of the almighty dollar. via China seeks world role for ‘people’s money’ – FRANCE 24.
More“How are we supposed to produce products that are made in France, made in Brittany, with all these taxes? It’s impossible,” a market gardener told France 24. France is battling high unemployment and increasing taxes. The latest data revealed that at least 3.2 million people are now looking for work in the country. via More […]
MoreChinese officials have agreed to finance some $20 billion in Iran in lieu of the blocked assets in China which belong to the Islamic Republic. via Iran, China reach agreement on Iran’s blocked assets | Economy | World Bulletin.
More“We are facing the annihilation of currency. We are facing the shift of America as the leading and most influential nation of the world to some form of banana republic “$10 a gallon very soon, without a doubt.” via Jim Sinclair: $50,000 Gold, US Dollar Collapse, Hyperinflation and More | Greg Hunter’s USAWatchdog.
MoreA Florida woman recently dropped from her health insurance plan said she’s been told she will have to pay nearly 10 times more for new coverage under the new health care law. “When I got this bill, I was outraged,” 56-year-old Florida resident Diane Barrett told CBS News. She will go from paying $54 per […]
MoreU.S. debt jumped a record $328 billion on Thursday, the first day the federal government was able to borrow money under the deal President Obama and Congress sealed this week. The debt now equals $17.075 trillion, according to figures the Treasury Department posted online on Friday. via U.S. debt jumps a record $328 billion — […]
MoreThe U.S.\’s biggest foreign creditor, China, said Monday it was concerned about the deadlock in Washington and urged all efforts to be made to avoid a default on the U.S. debt. via China urges US to prevent default.
MoreToday, I want to talk about something easy and basic, something that every American should understand. When you borrow money, you eventually have to pay it back – plus interest. That’s all you need to know to understand the financial crisis and the terrible consequences we face if we don’t stop borrowing money from foreign […]
MoreThe International Monetary Fund warned Tuesday that South Africa is trailing other emerging markets and must quickly implement reforms if it wants to avoid crisis. http://www.foxnews.com/world/2013/10/01/imf-issues-warning-on-south-african-economy/
MoreIn the final months of 2011, almost two years before the city of Detroit would shock America by declaring bankruptcy in the face of what it claimed were insurmountable pension costs, the state of Rhode Island took bold action to avert what it called its own looming pension crisis. Led by its newly elected treasurer, […]
MoreThe recent economic crisis could be to blame for an increase in suicide rates in Europe and America, say experts. via BBC News – Global economic crisis ‘linked to suicide rise’.
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