By 2024, All US Debt Issuance Will Go To Serve Interest Payments Alone

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 […]

Full Story

Credit card debt hits new record, raising warning sign

Paul Davidson, USA TODAY Americans’ outstanding credit-card debt hit a record in November, highlighting a more confident U.S. consumer but also flashing a warning signal of potential trouble down the road. Revolving credit, mostly credit cards, increased by $11.2 billion to $1.023 trillion, the Federal Reserve said Monday. That nudged the figure past the $1.021 trillion high-water […]

Full Story

Stop deceiving Americans with the term ‘government shutdown’

(lp.org)  It’s a government slowdown , not a shutdown. If you read this Libertarian news release, yet continue to use the term ‘government shutdown’ in news reports, then you’re willfully deceiving the American people. News media commonly warns that a ‘government shutdown’ will result if there’s a breakdown in funding negotiations between Democratic and Republican politicians. But […]

Full Story