A hub for independent voices and hard truths
“After months of denying it, the Trump Administration is finally admitting what we suspected all along. They are planning on raising the retirement age. For every year you raise the age, that is a 7 percent cut in benefits. As …
🚨 RED ALERT 🚨 – Social Security and Medicare are both just 8 Years from Insolvency, according to the latest Trustees report. This is getting URGENT. pic.twitter.com/AEroNn3cgD — Marc Goldwein (@MarcGoldwein) June 18, 2025
by Mike Shedlock Republicans expand Social Security at a cost of $196 billion. Guess who benefits. Senate Votes to Expand Social Security The Wall Street Journal reports Donald Trump is Whistling Past Social Security’s Insolvency. Neither political party is serious about …
Authored by Charles Hugh Smith via OfTwoMinds blog, As a result, a significant percentage of households that are considered middle-class are one misfortune away from insolvency. We can summarize the changes in our economy over the past two generations with …
The #banks continue their orderly selling as investors head for the exits as #BTFP ending will make it harder for them to hide their insolvency when they report later this month. https://t.co/c43KBSkjEF pic.twitter.com/0EENvuV7qM — The Coastal Journal (@1CoastalJournal) April 2, …
by OtaraMilclub If banks were required to mark their assets to market, as they did prior to 2009, the entire banking industry, including the too big to fail wall street banks would be insolvent, along with the Federal Reserve. Does …
by WhatCanIMakeToday This NYU paper [Why do banks invest in MBS? (March 2023)] says rising interest rates have led to unrealized bank loan losses of about $1.7 trillion which is only slightly less than total bank equity capital of about $2.2 trillion. Interest rate …
UPDATE 1-Disney closes at lowest in nearly nine years as investors turn bearish Aug 24 (Reuters) – Shares of Walt Disney fell 3.9% on Thursday, closing at their lowest level in nearly nine years, with some investors betting that a …
The U.S. Congressional Budget Office released a report earlier this year projecting the national debt will be nearly twice as large as the U.S. economy in 30 years. Budget groups continue to release dire forecasts for the explosive growth of …
So U.K. mortgages are under a lot of pressure. It’s unfortunate that inflation is still rampant in the via CNBC: There is intensifying pressure on Britain’s government to do more to help struggling households, with the country’s shadow finance minister …
Us Banks Report Biggest Capital Outflow in 40 Years According to the report, US banks lost $472 billion in deposits during the January-March period, marking the fourth consecutive quarter of industry outflows. The decline was primarily from uninsured funds, the …
