by Andrew Bieszad Earlier in 2019 I asserted that based on historical patterns, the current state of the economy suggests 2003-type patterns that lead up to the great crash of 2007-2008. I have been warning consistently that one should heed these patterns, and begin to make economic preparations. Having noted this, a report has recently come […]
A new government report has given us a glimpse into our nation’s fiscal future, and the outlook is grim. Absent major reforms, America’s debt will only continue to balloon. The Congressional Budget Office released its updated long-term budget report on Tuesday, which projects the nation’s fiscal situation for the next 30 years. Despite the strong […]
By Michael Snyder Did you know that almost 70 percent of the U.S. population is essentially living paycheck to paycheck? As you will see below, a brand new survey has found that 69 percent of all Americans have less than $1,000 in savings. Of course one of the primary reasons for this is that most […]
By Greg Hunter’s from USAWatchdog.com Money manager Michael Pento says the next crash will be one for the record books. Pento contends, “If you look at any of the economic data coming out, it screams recession. It will be one of the worst recessions since 2008 and 1929—combined.” This is a description of a global […]
This graphic originally appeared at Visual Capitalist Two weeks ago, Visualcapitalist published a post showing the world economy in one visualization. In the corresponding comments section, a user asked us if we could put together a similar visualization but instead honing in on world debt. Today’s visualization breaks down $59.7 trillion of world debt by country, as well as […]
ATHENS — One evening three weeks ago in Kifissia, an affluent garden suburb of Athens, a retired financial adviser and his wife decided to take in one of the delights of summer here, an outdoor movie. They pulled tight the shutters, set the alarm, locked the house and strolled off. Halfway through the movie the […]
By Ana Swanson The hills of Kalamata, on the southern coast of Greece’s Peloponnese peninsula, produce some of the best olives in the world. When pressed, they produce an oil that is almost fluorescent green and sometimes described as “liquid gold.” But after much of that oil is pressed in Greek processing facilities, tanker trucks come to […]
(Greece) The west made a huge blunder, they cannot hurt oil rich Russia, for one the government is one of the largest producers of oil, secondly the Russian citizens do not live in debt like Americans. They buy cars with cash, their homes and flats too, in Russia you not considered a homeowner if you […]
By Dan Calabrese It’s always dangerous to draw big conclusions when markets react to developments in a crisis. Today we read in USA Today that financial markets are rebounding because a leaked letter from the Greek government indicates they’re ready – if only because they have no choice – to give into to reform demands […]
By Dr. Ileana Johnson Paugh While Americans are eagerly signing petitions to ban the American flag on the heels of Louis Farrakhan’s Nation of Islam leader call to ban the Stars and Stripes “due to its links to racism” or are busily banning anything attached in any way to the Confederate flag and our history, […]
