Yellen calls rising credit card debt the sign of a strong consumer. No, Janet, it means tapped out consumers are sinking further into debt they can’t possibly repay.

The US has $17.1 trillion in household debt, $12.0 trillion in mortgages, $1.6 trillion in auto loans, $1.6 trillion in student loans, and $1.0 trillion in credit card debt. pic.twitter.com/xU9iQN2f5f — MapleMAGA 🇨🇦🇺🇸 (@MapleMAGAw5) August 8, 2023 US Total Household Debt Hits an All-Time High of $17 Trillion; Credit Card Debt Also Sets New Record …

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Listen To Multi-billionaires Like Jamie Dimon And Warren Buffett. Fitch Downgraded US Debt $32.7 Trillions, Interest Payment Of $1 Trillion, Jenet Yellen Set To Borrow Another $1.8 Trillions Until The End Of The Year After Already Borrowed $1 Trillion After Deb Ceiling Suspension In May.

by Hephaestus4 Japan is selling U.S. treasuries and buy back Yen to defend its currency. This is not good for the U.S. as we go into a “doom loop”. Rates will continue to rise on the long end of the curve, which makes borrowing costs go up…which means more borrowing to keep this BS game …

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US, China must talk ‘directly’ on economic concerns: Yellen

More on the Biden crime family deals. Now after months of determining relations with China now we are buddy buddies with them when all this shit comes out about Brandon? My ass. #BREAKING US, China must talk 'directly' on economic concerns: Yellen pic.twitter.com/2ajFAsWYce — AFP News Agency (@AFP) July 8, 2023 #UPDATE Washington and Beijing …

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ADP Jobs Added 497k In June! Almost Guarantees Another Rate Hike At July FOMC Meeting, 10Y T-Yield UP >10 BPS, 2Y T-Yield UP 16 BPS (Yellen Goes To China?) Bitcoin Cash UP 10%

by confoundedinterest17 The good news (if true)? ADP announced that 497k jobs were added in June. The bad news? A 497k print on jobs (many seasonal, it is summer!) almost guarantees that The FOMC (Fed Open Market Committe) will raises rates again at at the July meeting. The 2-year Treasury yield is up over 10 …

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Inflationist Queen Janet Yellen: US Needs to Lend MORE to the International Monetary Fund, Other Corrupt Globalist Institutions

The United States needs to have a greater leadership role in the International Monetary Fund (IMF) and other international financial institutions to support impoverished countries and limit China’s influence, says Treasury Secretary Janet Yellen. Yellen appeared before the House Financial Services Committee, defending a proposal to bolster the government’s participation in the IMF’s New Arrangements …

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Treasury Secretary Janet Yellen says to expect a gradual decline in the dollar’s share of global reserves, but greenback remains dominant (“Gradual decline” is a whopper right up there with “inflation is transitory”)

via businessinsider: The US should expect the dollar’s share of global reserves to slowly decline, but no alternatives exist that could completely displace the greenback, Treasury Secretary Janet Yellen said on Tuesday. Her comments came during a Housing Financial Services Committee in response questions about the risk of de-dollarization. Asked by Rep. Warren Davidson, R-Ohio, …

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Yellen the Felon calls consumers binging on credit evidence of a “strong economy.” What happens when tapped-out Murican debt donkeys start defaulting on their soaring credit card bills?

🤣🤣🤣🤣🤣🤣🤣 https://t.co/oxH5lDpA4H — Darth Powell (@VladTheInflator) June 8, 2023 US credit card delinquency rates are currently at "normal" 2019 levels but there are some ominous signs for the consumer credit market. Are we going to see a "newly prime" lending crisis this time? pic.twitter.com/i2xDXpNY3Y — Boaz (@sobradob) June 1, 2023 Credit Card Debt Keep Surging …

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