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Around the world, debt is skyrocketing – and rising interest rates are making it unsustainable. In this first part, Ben Norton discusses the impending crisis in the United States, before explaining in part two how Wall Street traps the Global South in debt. Credit card debt vs personal savings. pic.twitter.com/LQMhkTZz6Y — zerohedge (@zerohedge) September 8, …
In Chai Wan, Hong Kong, under the heavy rain of 150 mm in one hour, the streets have turned into raging rivers! In Chai Wan, Hong Kong, under the heavy rain of 150 mm in one hour, the streets have turned into raging rivers! pic.twitter.com/nZrG1t8cQG — Jim (@yangyubin1998) September 7, 2023 https://www.youtube.com/watch?v=0Z3jfW7MEQQ Hong Kong was …
by confoundedinterest17 Its hard to watch Biden and The Progressive Greens destroy the enegy security of this great nation. Biden is draining the Strategic Petroleum Reserve, probably in a misguided attempt at ensuring we never go back to abundent petroleum again. Crude oil inventories are now the lowest since 1985. Authored by Simon White, Bloomberg …
Default rate on credit card loans from small lenders is now higher than: Dot Com bubbleFinancial CrisisC-19 Buckle up. pic.twitter.com/1dBkzHOI1X — Bravos Research (@bravosresearch) September 7, 2023 Americans are defaulting on their credit cards and auto loans at levels not seen since the financial crisis. The current accumulation rate of credit card debt may lead …
With the new debt ceiling bill, the limit is UNCAPPED until 2025. Estimates show $4 trillion in debt will be added by 2025 at this rate. Meanwhile, interest expense is rising with rates. This is unsustainable. Follow us @KobeissiLetter for real time analysis as this develops. — The Kobeissi Letter (@KobeissiLetter) September 7, 2023 Pretty …
by Dismal-Jellyfish Source: https://www.fdic.gov/analysis/quarterly-banking-profile/qbp/2023jun/qbp.pdf Highlights: Net Income Decreased From the Prior Quarter, Driven By Lower Noninterest Income The Net Interest Margin Declined for the Second Straight Quarter Unrealized Losses on Securities Increased Quarter Over Quarter Community Banks Reported Higher Net Income From the Prior Quarter Loan Balances Increased From Last Quarter and One Year Ago …
Vice chair of Minnesota Democrat Party who advocated for dismantling police gets violently beaten and carjacked A far-left Minneapolis activist was the victim of a brutal armed car-jacking that occurred in the driveway of her home on Tuesday evening. Shivanthi Sathanandan, a radical leftist and second vice chairwoman of the Democratic Farmer Labor party in Minneapolis, who was left …
New “Climate” bill in UK will mandate all smart appliances be under the government’s control. Failure to comply will result in a fine (15K £) and 1 year in prison. The bill is receiving almost no pushback in Parliament. AC
He’s gonna get himself killed. They’re gonna say you’re a pizza gater now — Ashley St. Clair (@stclairashley) September 6, 2023 Pizza is one of the primary food groups imo — Elon Musk (@elonmusk) September 7, 2023
Liberty Safe, one of America’s renowned manufacturers of gun safes, faced heavy criticism after it was revealed that the company complied with an FBI request for the access code to a safe owned by Nathan Hughes, a participant in the January 6, 2021, Capitol event. Popular conservative commentators Keith and Kevin Hodge, better known as …
Recently, there have been special policies targeting Hong Kong people in Mainland China. Personal accounts have been frozen under various pretenses such as “suspected illicit money.” The threshold for withdrawing money has also been “raised,” taking up to a few days. When you go to an ATM to draw money, you must wait for at …
A piece of legislation snuck quietly through Parliament yesterday. If we don’t fight it you might very well face jail time for non-compliance with new zero diktats on your home. Under this new legislation, those who fail to adhere to energy consumption regulations could face imprisonment for up to a year and fines of up …
by Michael Scientists all over the world continue to “play God”, and we are all going to have to live with the consequences. Every single day, incredibly bizarre experiments are being conducted in secret laboratories all over the planet. I have frequently warned my readers about the very deadly diseases that are being developed in …
by confoundedinterest17 Thanks to Bidenomics, code for massive Federal spending on green energy initiatives and payoffs fo large donors, we have agonizing inflation and consumers are borrowing more and more to cope with inflation. And with the increased use of debt comes …. drumroll … delinquenices! Let’s start with mortgage loans, the overall delinquency rate …
by Dismal-Jellyfish https://www.federalreserve.gov/monetarypolicy/files/BeigeBook_20230906.pdf This report was prepared at the Federal Reserve Bank of Kansas City based on information collected on or before August 28, 2023. Highlights: “Some Districts highlighted reports suggesting consumers may have exhausted their savings and are relying more on borrowing to support spending.” “Bankers from different Districts had mixed experiences with growth …
Cup and han.. oh no time for a handle h/t dandanmusicman
Oh, the irony, considering Finland’s hatred of Russia and Russians because of communism – which outlawed, persecuted and even murdered Orthodox Christians. Hate speech? Finland aims to prosecute Christians for quoting the Bible.#Finland #FreedomOfSpeech #Christianity #HolyBible #PastorGeorgePearsons pic.twitter.com/fR7fQacClP — VICTORY Channel (@GoVictoryTV) September 5, 2023 Finland Looks to Criminalize Public Quoting of The Bible and …
by Glenn Reynolds EVERYTHING IS GOING SWIMMINGLY: Rising Rents Are Hitting American Suburbs Hardest: Suburban rent growth exceeds its urban counterpart in 28 of 33 metro areas, a new study finds. America’s suburbs are posting the country’s fastest-rising rents, a sign that the recent migration of families from major cities is starting to look …
American cities ordered to give over $68 million to Antifa, BLM agitators after 2020 riots caused $2 BILLION in damage Major cities across the country saw over $2 billion in damages in the wake of 2020’s Antifa and BLM George Floyd riots. Property was damaged, officers attacked, and at least 30 people lost their lives. …
via theblaze: Weirdly enough, conservatives seem to be more amicable with Robert F. Kennedy Jr. than his own party is. It’s probably because he’s anti-establishment, anti-censorship, and pro-truth-telling. That’s enough to get you forever demonized by the left wing. “Unfortunately, he will not be on a debate stage with Joe Biden because obviously the Democrats …
via Mike Shedlock: Surprise, surprise. Subsidies were not enough to make Biden’s energy projects profitable. The Coming Green Energy Bailout Taxpayers will soon be on the hook for The Coming Green Energy Bailout The Inflation Reduction Act (IRA) includes hundreds of billions of dollars in subsidies for green energy, yet now renewable developers want utility rate-payers …
JPMORGAN: “.. there is now a higher likelihood of a crisis over the next 6 to 12 months, the severity of which could be higher than [markets] anticipate. Risks of an interest rate shock .. are clear: consumer credit .. funding of startups .. impact on employment ..” [Kolanovic] pic.twitter.com/PvXkzsZA2Z — Carl Quintanilla (@carlquintanilla) September …
Labour run Stoke-On-Trent Council also set to declare BANKRUPTCY as well. Led by Labour Mayor Majid Khan and Council Leader Jane Ashworth they have a budget deficit of around £8.5 MILLION. Systemic collapse now taking place. 🚨BREAKING NEWS🚨 Labour run Stoke-On-Trent Council also set to declare BANKRUPTCY as well. Led by Labour Mayor Majid Khan …
via townhall: “As it turns out, the Biden White House relied on foreign “disinfo” activists to pressure Facebook to censor Americans. Worse, it turns out the group supposedly targeting disinformation had their facts wrong. Facebook knew it, too.” Those “independent” activists are just a smokescreen for laundering hit jobs. And yeah, I know that’s a …
This is truly frightening Each man is asked where they are from and where they are going. Most are from Africa and few understand English I know some don’t care to watch a video, but there is no other way to describe this. He goes down the line asking two simple questions. A few men …
Canadian banks are freaking out as homeowners are unable to cover the INTEREST. Some extending mortgages to 90 years! Insanity. The worst part. The banks know millions more Canadians will be hit will sky high mortgage interest rates in the coming YEAR making this a total disaster. A complete housing collapse. Unbelievable. All by design. …
by confoundedinterest17 Slippin’ into darkness! Bidenomics, that is! Joe Biden is not a friend of the US middle class. The St Louis Fed’s real time GDP tracker known as Nowcast has Q3 GDP at -0.07%. This happening at M2 Money growth collapses. If you want to feel good, check out Atlanta Fed’s GDPNow estimate (housing economist Raphael …
US records highest credit card debt level at $1.03 trillion, 4.6% increase from Q2, with 20.63% interest rate, 47% cardholders carry monthly balances, and $7,227 average debt, with Connecticut and New York having the highest. ✅ US credit card debt surpassed the one trillion dollar mark and is now at the highest level ever recorded …
By Graham Summers, MBA Last week, I noted that the Bureau of Labor Statistics (BLS) and other government agencies have been engaging in a strange scheme. That scheme? Releasing economic data that initially suggests the economy is booming, only for that same data to be revised downward multiple times in subsequent months. Some people think …
https://twitter.com/_/status/1698999784189665730 Storm #Daniel is causing severe flooding in central Greece. #Volos #Βόλος #Ελλάδα The situation could worsen too. The area of low pressure responsible could stall over the Mediterranean in the coming days, continuing the heavy rainfall over Greece. #medicane #greeceflooding pic.twitter.com/fQ7PmtXeQf — Zoom Earth (@zoom_earth) September 5, 2023 Bridge Collapsing in #κακοκαιρια #κακοκαιρία #Θεσσαλια …