Economics

America The Debt Pig: We Are A ‘Buy Now, Pay Later’ Society – And ‘Pay Later’ Is Rapidly Approaching

Monday, August 29, 2016
By Paul Martin

By Michael Snyder TheEconomicCollapseBlog.com August 28th, 2016 If you really wanted to live like a millionaire, you could start doing it right now. All you have to do is to apply for as many credit cards as possible and then begin running up credit card balances like there is no tomorrow. At this point,... »

Obama To Leave $20 Trillion Debt Crisis For Clinton Or Trump

Monday, August 29, 2016
By Paul Martin

By: GoldCore GoldSeek.com Monday, 29 August 2016 President Obama is set to leave a massive near $20 trillion debt crisis for his successor – be that Hillary Clinton or Donald Trump. The U.S. national debt reached $19.5 trillion last week and has been increasing by roughly $1 trillion a year during his Presidency and... »

Dallas Fed Dead-Cat-Bounce Dies – Economy Contracts For 20th Month In A Row

Monday, August 29, 2016
By Paul Martin

by Tyler Durden ZeroHedge.com Aug 29, 2016 Having jumped miraculously from -18 to -1.3 in July, August’s Dallas Fed plunged back to -6.2 – contracting for the 20th month in a row. The worse than expected headline data came despite a rise in new orders as the number of employees, average workweek, and capex... »

“Massive Shock” Looms In Japan As Kuroda Is In “Jeopardy”, According To $2 Trillion Investor

Monday, August 29, 2016
By Paul Martin

by Tyler Durden ZeroHedge.com Aug 29, 2016 The Bank of Japan could announce a “massive stimulus program” as soon as September, according to the CIO of UBS Wealth Management which allocates $2 trillion in assets. “It is how much they do, and whether they can create that kind of shock and awe at this... »

Martin Armstrong Questions “Are Central Bankers Coming To A Bitter End?”

Monday, August 29, 2016
By Paul Martin

by Martin Armstrong via ArmstrongEconomics.com, ZeroHedge.com Aug 29, 2016 Central bankers these days are seriously trapped. They cannot now reverse their policies for that means they have to admit that they have failed. That is far more serious than you might imagine. To even entertain backing down from negative interest rates means they have... »

The World Is Hurtling Toward A New Global Monetary System

Sunday, August 28, 2016
By Paul Martin

KingWorldNews.com August 28, 2016 As we come to the end of what has been a wild summer, the world is hurtling toward a new global monetary system. By Ronald-Peter Stoeferle, Incrementum AG Liechtenstein August 28 (King World News) “It is well known that every boom must one day come to an end. The businessman’s... »

Minimum Wage Claims Its Latest Victims – Ashley Furniture Slashes 840 Jobs In California

Sunday, August 28, 2016
By Paul Martin

by Tyler Durden ZeroHedge.com Aug 28, 2016 Ashley Furniture announced plans to cut 840 employees and shut down their production and warehouse facility in Colton, CA making them the latest victim of Jerry Brown’s $15 minimum wage. And guess where they’re moving that capacity? If you guessed “a state with a 50% lower minimum... »

Clinton Foundation Largest Unprosecuted Charity Fraud in History-Charles Ortel

Sunday, August 28, 2016
By Paul Martin

By Greg Hunter USAWatchdog.com August 28, 2016 Wall Street financial expert Charles Ortel claims the Clinton Foundation is the “largest unprosecuted charity fraud in world history.” He also says this global fraud could not be pulled off without a lot of help. Ortel explains, “I think this is an example of a vast left-wing... »

“We Are At A Point Where The Encroachment Of Government Power Has Historically Resulted In Rebellion”

Sunday, August 28, 2016
By Paul Martin

by Tyler Durden ZeroHedge.com Aug 28, 2016 Overnight, one of our favorite hedge fund commentators, (ex) IceFarm Capital’s Michael Green, was gruesomely entertained by Ken Rogoff’s WSJ Op-Ed, pushing for a ban on $20, $50 and $100 bills, to which he – just like us – has some less than kind words. Unlike our... »

George Soros Has Told Me How to Survive the Coming Economic Collapse

Sunday, August 28, 2016
By Paul Martin

By Dave Hodges TheCommonSenseShow.com August 28th, 2016 The United States is teetering on the edge of financial disaster. The conditions are so severe it could happen by tomorrow, next week, or next month. Everywhere we look, the economic news is grim. Earlier this year, the Bank of Scotland is telling clients that 2016 is... »

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