2024’s Deficit Is Already on Track to Be the Worst Since Covid
By Ryan McMaken Weakness in the US economy continues to hide behind surging debt levels and government spending. As noted last month by Daniel LaCalle,…
Debt
Self-Checkout Kiosks At 4,500 Walmarts Now Offer Buy Now, Pay Later” Loans For Basic Items
By Tyler Durden “Buy now, pay later” (BNPL) loans surged in popularity during Black Friday and Cyber Monday in late November. As Christmas is less than a…
Visualizing $97 Trillion Of Global Debt In 2023
By Tyler Durden Global government debt is projected to hit $97.1 trillion this year, a 40% increase since 2019. During the COVID-19 pandemic, governments introduced sweeping financial…
6.8 Million Americans Drowning in Debt: Which States Are Struggling Most in 2023?
By Chris Melore There’s no question that 2023 has been rough on Americans’ wallets. According to a new report, 6.8 million Americans have at least…
The Government Debt Crisis That We Have Been Warned About For Decades Is Happening Right Now
By Michael Snyder For decades we were warned that someday our politicians would push things too far. We were warned that someday our national debt…
Sovereign Debt is Eating the World
This article was originally published by Peter St. Onge at The Mises Institute. Sovereign debt is eating the world. Lining up a financial crash that…
Bank of America: U.S. Debt Will Top $50 Trillion
By Mac Slavo Bank of America is warning the American slave class to expect the national debt to top $50 trillion. Citing data from the…
Endgame: Interest On US Debt Skyrockets Above $1 Trillion For The First Time Ever
By Tyler Durden Back in July, when we last looked at the unprecedented horror show that is the US budget deficit – and concluded correctly,…
Refugees from Economic Collapse Are Deeply in Debt
By J.G. Martinez Finances. This is the real scourge of our time. Make poor financial decisions, and they will haunt you for a long time. By…
Americans Panic Search “Give Car Back” As Subprime Auto Loan Delinquency Erupts
By Tyler Durden Recent data from Edmunds reveals that an unprecedented 17% of American car purchasers now have monthly car payments of $1,000, a significant…
We Have Reached The Terminal Phase Of The Greatest Debt Spiral In The History Of The Human Race
By Michael Snyder If you are going to go out, you might as well do it with a bang. At the beginning of June, our…
Credit Card Losses Are Surging At The Fastest Pace Since The Global Financial Crisis
By Tyler Durden One month ago we warned that the toxic cocktail of Volcker-esque rates, which have pushed the average credit card APR to a…
The US Government Has a Weird Opportunity with the National Debt Right Now
By Simon Black, Sovereign Man By the time an army of 80,000 Russian troops invaded Ottoman territory in June 1853 at the outbreak of the…
A Ticking Time Bomb: A Huge National Debt Plus Rising Interest Rates
By Dr. Thorsten Polleit Those who have been predicting a recession in the United States and an associated stock market crash seem to be having…