The ball is now in their court !
Societe Generale Bank analyst Albert Edwards said that consumers will hardly be able to keep the US economy afloat for long. The only thing that keeps the US economy afloat is the level of consumer spending, which accounts for about 70% of US gross domestic product. However, the US may soon lose this support.
Jim W. Dean – These targeted countries have their own “Bankster Pivot” going on, which the Western press has generally ignored, as it puts Western diplomacy under the harsh spotlight that reveals it to be a game for gangsters, where no prisoners are taken.
First, the establishment mandated that all American children had to suffer years of indoctrination – the inculcation of statist doctrines in free public schools.
__________ Russia Today Central banks selling off US debt at record pace In March, central banks from around the world dumped $17 billion in American Treasuries. Since the beginning of the year the sell-off has reached $123 billion, which is the quickest pace since 1978. China sold $7.7 billion in US debt in March, lowering […]
A 45-year-old Utah man, Rex Iverson, died in prison on January 23, 2016, after being incarcerated on a $350 bench warrant for failing to pay a court-ordered civil judgment. In 2013, the Tremonton Justice Court had issued a $2,377 judgment against Iverson for a Christmas Eve 2013 ambulance bill. Iverson died in a Box Elder County […]
Andrea Wong and Liz McCormick at Bloomberg Five hundred and one thousand ruble notes are displayed in an illustration Friday, June 30th in Cambridge, Massachusetts. Russia’s central bank may struggle to contain gains in the ruble as foreign investors take advantage of tomorrow’s end to restrictions on buying the nation’s bonds and currency. A stronger ruble […]
The price of insuring Riyadh’s debt has more than doubled in the past 12 months as oil prices continue to collapse.
We stand at the precipice or the event horizon of the greatest economic transition that any of us have ever seen.
The violations included trying to collect or selling to debt collectors accounts that Chase wasn’t legally allowed to collect.
The main premise of Life After Growth: How the Global Economy Really Works – and Why 200 Years of Growth are Over is that global economic growth has ended. Western governments conceal this fact through debt creation, inflation and clever manipulation of statistical economic indicators. According to Tim Morgan, leading analyst at the London financial brokerage Tullett Prebon, economic growth ended in 2000 and the economy has been shrinking ever since.
Potentially more powerful than any nuclear device that exists.
So volatile, it could perhaps be ignited by even a small unexpected spark.
“Step-by-step, just as with the boiling of frogs, Washington has been turning the heat up on China since about 2005. Today it is dangerously close to a boil.
For the past 18 months ago, IMF economists Michael Kumhof and Jaromir Benes have been circulating a proposal to end the ability of banks to create money.
There is wide political agreement that we need to do more to support our veterans and their families. A recent spectacular demonstration was the 326-90 vote in the House and 95-3 vote in the Senate to repeal the military pension cuts to veterans and active service members that were in the Ryan-Murray budget deal.
I have been extremely impressed to see Philadelphia’s students, teachers, parents and churches organizing at the grassroots level.