ANTS SWARMING: Global Debt Spreads – GOLD’S NEXT MOVE!

ANTS SWARMING: Global Debt Spreads – GOLD’S NEXT MOVE! We Bring You This Critical Alert, Contributed By WealthResearchGroup.com and Their Founder, Lior Gantz, Who Our Staff Looks At For Accurate Economic Forecasting. Trump Gives Green Light To Currency Devaluation First of all, the first half of 2019 reminded me of Charlie Munger’s quote from a couple of years ago, saying that while he does not have any say as to what central banks are doing, the benefits of their policies on the world’s stock markets has been very clear. Replying…

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U.S. Consumer Debt Surpasses Financial Crisis Levels

U.S. Consumer Debt Surpasses Financial Crisis Levels By Mac Slavo Debt levels reached record levels during the Great Recession which struck the United States about a decade ago. Now, U.S. consumer debt has surpassed those levels with a record number of Americans living on the edge of disaster. According to Market Watch, Ben Mohr, a senior research analyst of fixed income at investment consultant Marquette Associates, calculated that total U.S. consumer debt hit $14 trillion in the first quarter of 2019, surpassing the roughly $13 trillion of leverage accumulated in…

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Auto Loans Hit A New Record: Monthly Payments At All-Time High

Auto Loans Hit A New Record: Monthly Payments At All-Time High By Mac Slavo Auto loans have hit a new record, and it’s not a good sign in an economy that’s so volatile.  Consumers’ monthly auto payments have hit a new all-time high too. People buying new vehicles continue to push the envelope, borrowing more and, on average, paying more each month for their auto loan. Credit-ratings firm Experian says the average amount borrowed to buy a new vehicle hit a record $32,187 in the first quarter, according to a…

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Nearly 25% of Americans Are Using Debt To Pay For Necessities Like Food

Nearly 25% of Americans Are Using Debt To Pay For Necessities Like Food By Mac Slavo Even though we are told the economy is doing great, all the evidence shows that main street Americans are struggling more and more every day. A recent report claimed that the costs of goods have risen to the point that 25% must use debt to pay for necessities, such as food. According to a new Experian report that came out last week, Americans have an average of $6,506 in credit card debt. But some…

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The National Debt is the Most Serious Crisis America Faces

The National Debt is the Most Serious Crisis America Faces By David Unsworth A generation ago, the national debt stood at just a smidgen over USD $4 trillion and a young presidential candidate named Bill Clinton was discussing a great plan he had to have it entirely paid off by now. Oops. The national debt is now 5.5 times bigger. More than anything, this astoundingly bad public policy is the fault of Barack Obama, undoubtedly the most irresponsible president in our history…who added on more to the national debt than…

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Is There A Socialist-leaning Lifestyle Drowning The USA In Fiscal Debt?

Is There A Socialist-leaning Lifestyle Drowning The USA In Fiscal Debt? Op-Ed by Catherine J. Frompovich The current national debt exceeded $22 Trillion as of February 11, 2019. There’s an ever-expanding influx of immigrants into the USA, which possibly can be attributed realistically to an escalating socialist-thinking paradigm of: a) “generational living arrangements” ensconced in this country from Democratic Party incentives; and b) immigrants realizing there’s a real ‘gold mine’ to be had if one knows how to game the system, which is being subsidized by U.S. taxpayers, if the…

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Why the European Debt Crisis Is Likely to Get Worse

Why the European Debt Crisis Is Likely to Get Worse By Vijay Victor The debt crisis in the Eurozone is getting no better, even in the wake of the new year. The five countries in the Eurozone with the highest debt-to-GDP ratio in the third quarter of 2018 were Greece, Italy, Portugal, Belgium, and Spain. The total debt of Greece is around 182.2 percent of its GDP and that of Italy is 133 percent, according to Statista. Although giant economies like the US and Japan have been running huge debts…

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A Financial System Headed For A Collision With Debt

A Financial System Headed For A Collision With Debt By Dave Kranzler The retail sales report for December – delayed because of the Government shutdown – was released this morning. It showed the largest monthly drop since September 2009. Online sales plunged 3.9%, the steepest drop since November 2008. Not surprisingly, sporting goods/hobby/musical instruments/books plunged 4.9%. This is evidence that the average household has been forced to cut back discretionary spending to pay for food, shelter and debt service (mortgage, auto, credit card, student loans). I had to laugh when…

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Thanks to Their Student Loans, Millennials Expect to Die in Debt

Thanks to Their Student Loans, Millennials Expect to Die in Debt By Chloe Anagnos Adulting, the now common idiom goes, is hard. And to many millennials, the grim realization that debt will always be part of their lives is not making it any easier. In some cases, their debt load is so soul-crushing they expect to die without ever paying what they owe back. So how much does this problem have to do with the higher-education crisis the country is facing? As it turns out, everything. According to a study…

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The $1.2 Trillion College Debt Crisis Is Crippling The Economy

The $1.2 Trillion College Debt Crisis Is Crippling The Economy By Mac Slavo A whopping two-thirds of American college students graduate school already deeply in debt. But the decision to go into debt to pay for a college degree is a $1.2 trillion crisis that’s crippling the economy. According to The Institute for College Access and Success (TICAS) Project on Student Debt, the average borrower will graduate with $26,600 in student loan debt. That means, that before a dollar is made using the degree, most Americans will owe money to someone…

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