Last week, we were looking at who pays unpayable federal debt. As we studied the subject, a whirlwind of staggering news blew up.
Debt bubbles and credit crunches have decimated wealth, destroyed jobs and ruined families.
And the current debt crisis is escalating at an alarming pace.
So how can you protect and grow your wealth in a financial crisis? Find out here.
This week, we’ve been exploring the age-old question: Who pays unpayable debt? The borrower?The lender? Someone else?
Show us the politician who wins the White House by promising to cut the voters’ benefits, raise their taxes, and end military boondoggles all over the planet? He doesn’t exist.
It’s nice to go all out and splurge every now and then. Most of the time, this behaviour is harmless. But, sometimes, one splurge can have a knock-on-effect. Let me explain…
Still no visible crack in the stock market. But the economy may be breaking down. First, there is growing recognition that the Obama/Trump recovery has been a flop.
And now, the runaway train gathers speed. The federal deficit was $587 billion in Obama’s last year. Mr. Trump’s budget increases it to $1 trillion.
Taxes, tariffs, regulations – they’re all ways to transfer wealth and power from the common man to the elite who control the government.
Some say capitalism has failed America. More likely, America has failed capitalism. Capitalism needs capital. Real money, in other words. The feds gave it fake money.
Houses cost more. People have to borrow more to buy them. Wages are growing more slowly than house prices. The result? Ballooning debt. That’s not all bad, right?
No economic recovery ever exceeded 119 months. This one is already at month 116. The audience is getting restless. It’s time to wrap it up.
The present administration is adding to the federal debt at the rate of about $3 billion per day. Trump’s budget proposal pretends that his extra debt is nothing to worry about.
Proponents typically look to Europe for guidance. They see Denmark, Sweden, and Norway and believe ‘soft socialism’ isn’t so bad.
We never expected the president to go Full Retard on his trade war. Instead, we thought he would settle the issue…as he did the trade war with Canada and Mexico…in some ongoing, negotiated mush.
In Argentina, as in America, there is an elaborate system of social insurance designed to protect the working class.