“The Smile Has Faded On This Empire Of Debt, Delusion, Denial, And Destruction.”
“All that is human must retrograde if it does not advance.” – Edward Gibbon “Woe, destruction, ruin, and decay; the worst is death and death will have his day.” – William Shakespeare, Richard II We moved to our corner of Montgomery County, Pennsylvania twenty-seven years ago. We raised our three boys here. We spent hundreds…
“Not Yet” – Joe Biden When Asked Whether He’s Made A Decision On ‘Forgiving’ Student Loan Debt (VIDEO)
Joe Biden on Monday presented the Presidential Rank Awards to 230 winners from 37 federal agencies in a “Zoom” ceremony. As usual, Joe Biden got defeated by his own teleprompter. Advertisement – story continues below WATCH: Another day another embarrassing Biden moment for the country. pic.twitter.com/1BFN3axiVe — TheBlaze (@theblaze) May 2, 2022 TRENDING: “Mitch McConnell…
Schumer v. McConnell on the Debt Ceiling
Senate Minority Leader Mitch McConnell and Senate Majority Leader Chuck Schumer attend a bipartisan meeting with Iraq’s Prime Minister Mustafa Al-Kadhimi at the U.S. Capitol in Washington, D.C., July 28, 2021. (Elizabeth Frantz/Reuters) In the current debt-ceiling standoff, the Democratic argument essentially boils down to this: Republicans helped create the debt; therefore, they must help…
Six Former Treasury Secretaries Urge Congress To Raise Debt Ceiling
A bipartisan group of former Treasury secretaries urged House and Senate leaders Wednesday to raise the debt ceiling and avoid a default on U.S. debt. The former secretaries — who served under former Presidents Jimmy Carter, Bill Clinton, George W. Bush and Barack Obama — warned the congressional leaders that delaying a debt ceiling increase…
Evergrande Is Collapsing – Will Not Make Its Massive Debt Payments
Evergrande Is Collapsing – Will Not Make Its Massive Debt Payments – 5 Times Bigger than Lehman Brothers Tap here to add The Western Journal to your home screen.
How Can US Debt be Rated AAA?
Guest post by Ed Butowsky You’re in your shiny Ferrari, going 150 miles per hour on a smooth highway, when you suddenly realize you’re heading straight toward a cliff at the edge of the Grand Canyon. And now you have to choose: You can slam on the brakes and pray your car stops in time,…
Almost HALF of All Student Loan Borrowers Are Still in Debt 20+ Years After Graduating
A survey that was recently conducted by Intelligent.com revealed almost half of Americans who took out student loans 20+ years ago still carry the debt with them. It also shows that 76% of people who took one of these loans are in debt for at least 6-10 years after they graduate. This is the left’s…
Stacey Abrams Now Owns 2 Homes in Georgia Worth $1.4 Million Despite Having Been in Massive Debt After Failed 2018 Gubernatorial Run
Failed Georgia gubernatorial candidate Stacey Abrams now owns two homes in Georgia worth over $1.4 million despite being in hundreds of thousands of dollars in debt a couple years ago. Recall, in 2018, Stacey Abrams owed the IRS $54,000 and had more than $400,000 in consumer debt/ total liabilities owed. Now she owns 2 homes…
Economist Stephen Moore Warns that Democrats Are Planning on Adding $22 Trillion in Debt Over the Next Decade (Nearly Doubling the Debt)
Economist Stephen Moore is warning the world about the massive amount of debt the US is putting on or planning to put on under the Biden/Obama Administration. Former Chief Economist for President Trump, Steven Moore discussed the Democrats’ plans to place the US in unpayable debt. According to a report at Newsmax: The White House’s…
‘Unconstitutional’ – Federal Judge Suspends Biden’s Racist, Anti-White Farmer Debt Relief Program
A federal judge in Wisconsin halted Joe Biden’s anti-white farmer debt relief program. Judge William Griesbach of Wisconsin’s Eastern District, a George W. Bush appointee, issued the temporary stay this week in response to a lawsuit filed by the Wisconsin Institute for Law and Liberty. In March Joe Biden signed a gargantuan $1.9 trillion ‘Covid’…
Small EU Firms Hold Mountain Of Debt, Could Be Next Major Headache For Banks
The European Union is doing the same as they did in 2008-09, extend and pretend, dishing out cheap loans to businesses and hoping for a recovery. What’s worrying today is that excessive optimism comes as European governments invest in the recovery by increasing public spending as the central bank keeps rates low and floods capital…
World's Top Economies Brace For $13 Trillion Debt Maturity Vortex
To kick off the New Year, the world’s largest economies face a massive global debt overhang due to the coronavirus-downturn; some $13 trillion in debt is coming due and will need to be refinanced in an ultra-low rate environment. Seven top economies plus several major emerging markets economies “face the heaviest bond maturities in at…
The World Is Awash In Negative-Yielding Debt
Authored by Michael Maharrey via SchiffGold.com, So far, the US has escaped negative interest rates as a matter of central bank policy. Back in May, many thought a Fed move to negative rates was a real possibility. Of course, much of the world has operated under negative rates as a matter of policy for years. The…
This Time Is Not Different. More Debt, Less Growth
Authored by Daniel Lacalle, I remember that in 2009 three messages were constantly repeated: “In this crisis measures are different, because governments are investing in the recovery by increasing public spending,” “the funds from stimulus plans will strengthen the recovery “and “central banks help a stronger recovery by lowering rates and increasing liquidity”. Then, 2010…
"I'm Going To Get In Trouble For Saying This": Biden "Unlikely" To Cancel $50K In Student Loan Debt
President-Elect Joe Biden has been under pressure from the far Left within his party to cancel all student debt as one of his first acts in office after January 20. For example earlier this month a proposed Schumer-Warren plan demanded immediate student debt forgiveness of $50,000 for each and every borrower (with the exception of course for all who’ve…
Negative-Yielding Debt Exceeds $18 Trillion As Global Market Cap Hits $100 Trillion
Submitted by Christophe Barraud The pool of negative-yielding debt across the world exceeded $18 trillion for the first time in history, according to Bloomberg data. The move came after the ECB announced it will expand its massive monetary stimulus program by another €500 billion and will extend emergency bond purchases for nine months. In a context…
What Spending Slowdown: BofA Credit, Debt Cards Show Soaring Retail Sales
Ahead of Wednesday’s retail sales report, and in light of the recent sharp slowdown in the labor market and lack of progress on the stimulus front, most pundits expect a disappointing retail sales performance for the month of November, when retail sales are expected to drop by -0.3%, their first contraction since the April covid…
US Household Wealth Hits All-Time High As “Top 1%” Have Never Been Richer While Poor Drown In Debt
The Fed’s latest Flow of Funds report released at noon today showed the latest snapshot of the US “household” sector as of Sept 30 2020. What it showed is that one quarter after the biggest surge in household net worth on record when US household net worth jumped by $7.6 trillion to $119.0 trillion (which…
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