Two Major Credit Reporting Agencies Have Been Deceiving Us – Is Your Credit Score A Scam?
By Isaac Davis As the world is pressed ever closer to a cashless society, individual control over one’s own wealth will become a thing of…
Debt
Debt Apocalypse? U.S. Consumer Bankruptcies Do Something They Haven’t Done In Almost 7 Years
By Michael Snyder When debt grows much faster than GDP for an extended period of time, it is inevitable that a good portion of that…
The Wealth Effect Failure
By Susan Boskey People tend to increase spending when the prices of their stock market and real estate assets rise. They perceive it as an…
Drowning In Debt: 35 Percent Of All Americans Have Debt That Is At Least 180 Days Past Due
By Michael Snyder More than a third of all Americans can’t pay their debts. I don’t know about you, but to me that is a…
The Total Amount Of Debt In The World Just Hit A Record $152,000,000,000,000 (152 Trillion)
By Michael Snyder If anyone ever asks you how much debt there is in the world, now you will know the answer. According to the…
Here’s How the Government Is Turning the Entire United States into a Debt Prison
By Shaun Bradley Since the United States was founded, citizenship has represented a safe haven from oppressive regimes around the world. By preserving the principles…
The One Trillion Dollar Consumer Auto Loan Bubble Is Beginning To Burst
By Michael Snyder Do you remember the subprime mortgage meltdown from the last financial crisis? Well, this time around we are facing a subprime auto…
Overwhelmed By Debt, Nearly 1 In 5 Young Adults Live With Their Parents Or Grandparents
By Michael Snyder In America today, more than 60 million people live in multi-generational households. That number is so large that it may seem difficult…
It Looks Like the Global Debt Bomb Is Ready to Blow
By Joshua Krause In recent years we’ve seen global debts soar to heights never before seen in human history. Before the financial crisis of 2007…
The History and Politics of the IMF with Ernst Wolff
By Zain Raza In this video we interview journalist and author Ernst Wolff. Wolff’s latest book is called Pillaging the World: The History and Politics…
Can Mounting Personal Debt and Economic Recovery Coexist?
By Susan Boskey The saying “The proof is in the pudding” applies proving if America is in an economic recovery…or not. My view all along…
Corporations Are Defaulting On Their Debts Like It’s 2008 All Over Again
By Michael Snyder The Dow closed above 18,000 on Monday for the first time since July. Isn’t that great news? I truly wish that it…
Puerto Rico Deals Horrendous Blow to Wall Street — Suspends All Payments On Public Debt
By Matt Agorist In a devastating blow to its megabank creditors, Puerto Rico’s Legislature approved a bill on Wednesday that suspended the US territory’s debt…
Credit Card Debt In The United States Is Approaching A Trillion Dollars
By Michael Snyder For the first time ever, total credit card debt in the United States is approaching a trillion dollars. Instead of learning painful…