According to a piece that was recently written by Juan Sanchez and Masataka Mori for the Federal Reserve Bank located in St. Louis, an article that was published in the “Regional Economist” in August 2023, went on to describe an increase in credit card delinquencies. The authors reveal that this trend has continued through this year as well. Mori and Sanchez base their conclusion on an in-depth analysis of quarterly data that was taken from the Federal Reserve Bank in New York’s Consumer Credit Panel. If you’re new to the whole topic, a person’s credit card account is considered to…
Author: michael
Banks located within the United States are reporting a very concerning increase in unrealized losses, along with an ever-growing list of institutions at risk of failure during the first quarter of 2024, according to reports coming from the U.S. Federal Deposit Insurance Corporation, also known as FDIC. The data from the FDIC shines a spotlight on a whopping $517 billion in unrealized losses and has officially identified a total of 6 banks that are now vulnerable. As if we needed more bad economic news, right? The folks over at Bitcoin.ComNews pointed out that both the U.S. Federal Reserve and the…
Every single time I think things cannot get worse for the United States economy, along comes a new piece of news that demonstrates that as bad as things are for us right now, they can, and probably will, get much worse. And you thought we peaked with insane grocery prices, right? I wish. According to Watcher, a total of 97 countries have stated they will be attending the BRICS 2024 Games this June, which is set to be held in Russia and will feature Russian President Vladimir Putin as host. The games will be put on in the Kazan region…
I can’t believe just how far the mighty U.S. dollar has fallen around the globe in recent times. This is getting down right horrific. BRICS seems bound and determine to make a significant contribution to the economic downfall of the United States, and to be honest, they are doing a d*** fine job at the moment, as two more countries have opted to toss out the dollar and go with local currencies. At first it was India and Russia. Now Thailand and Venezuela have decided to join the party. This bad, folks. Like next level super bad. According to Watcher:…
Remember when the housing bubble burst back in 2008? I bet you’re thinking there’s no way we could ever be stupid enough to create those conditions again and cause a similar problem to happen a second time, right? Well, unfortunately, you have way too much faith in the human condition, because guess what? We’re making the same mistakes all over again. And it all starts with zero money down mortgages for first time home buyers. A new report from Zero Hedge says: Home buyers will be able to buy a home without putting any money down under a new program…
Bidenomics has struck once again. It seems that jacking up the prices of basic food stuffs and other goods and services that we need for day-to-day life just wasn’t enough for the current administration and its mission to obliterate the middle class. They just had to go and ensure that the cost of buying a home went up astronomically too. It skyrocketed so high it actually broke a record. Way to go, Mr. President. Good work. Way to fight for the little guy. According to a new report by Breitbart: The S&P CoreLogic Case-Shiller 20-city index climbed 7.4 percent year-over-year…
I hate to be the bearer of bad news, but it looks like India and Russia, two big members of BRICS, have decided to ditch the U.S. dollar in favor of payments worth $4 billion in their local currencies. This is going to deal a sizable blow to our economy, which, I’m sure you’ve noticed, is bleeding profusely under the failed leadership of President Joe Biden. If you’ve been oblivious to just how bad things are around these parts, take a short jaunt to the supermarket. You’ll get the picture. According to Watcher, Russian exporters have bought Indian made arms…
There’s no doubt in my mind that one of the biggest threats to our national security, to our way of life, and to global peace as a whole, is Russia, and by extension, it’s leader, President Vladimir Putin. Now, before anyone gets their panties in a tangle, that doesn’t mean I favor our nation’s intervention into the war between Russia and Ukraine. I just mean we need to do a much better job of keeping an eye on Putin and ensuring he doesn’t get a wild burr up his backside that turns into an itchy finger that can’t resist pressing…
For many, many years now, members of the scientific community have been warning that the state of California, which lies atop some pretty serious fault lines, has been overdue for a massive earthquake, which we horrifyingly refer to as “the Big One,” which could strike the area at any time. It’s a wonder anyone ever gets a chance to rest peacefully at night knowing this could happen. I’d be a nervous wreck all the time. It’s no wonder so many people pop Xanax in the land of fruits and nuts. The stress of living there must be through the roof.…
Chief Executive of JPMorgan Chase, Jamie Dimon, is one of the most influential individuals in the real of finance and banking, thus when he has something to say on the state of the economy, lots of folks tune in. I mean, he is heading up the world’s largest U.S. bank and fifth-biggest bank overall. He has $41. trillion in assets. He’s famous for being able to wisely lead banks through some pretty difficult times and being able to recognize big opportunities when they pop up. Therefore, it’s wise to pay attention when he speaks. Here are more details from The…
As nation members of BRICS continue to run hard and fast away from the once mighty U.S. dollar, big time investor Robert Kiyosaki has issued a prediction saying the United States economy is on its way to experiencing hyperinflation and could end up taking a deep plunge into another depression. Oof. I could have totally done without that today, how about you? According to the folks at The Gateway Pundit: As the BRICS nations move away from the U.S. dollar, renowned investor Robert Kiyosaki predicts that the United States will experience hyperinflation and plunge into a depression. He suggests that…
There are plenty of signs that the United States economy is absolutely in shambles right now, but in case you wanted another one, BRICS is now convincing other developing countries around the world to ditch the dollar and use their local currencies instead when it comes to global trade. To put it mildly, this really sucks. The alliance is currently leading a new movement calling on nations to drop the dollar, an initiative that includes countries like China, Russia, and India, all of whom are hoping to push their own local currencies above the dollar. Why am I not surprised…
America has hit a rather depressing milestone that is sure to make you want to drown your sorrows at the bottom of a bottle of whiskey, if you happen to be able to purchase such an upper class luxury item in Biden’s economy. That milestone? Thanks to the stellar leadership of President Joe Biden, the inflation rate is now at 20 percent. This means the value of the dollar has plummeted and thus, the cost of basic goods and services are higher than ever. Which is why you have consider selling portions of your soul to the devil to afford…
Former director for the Centers for Disease Control and Prevention (CDC) Dr. Robert Redfield has put out a rather spooky, grim warning concerning the dangers of gain-of-function research, predicting that scientists who are screwing around with the bird flu virus in order to make it more infectious could potentially cause the next “great pandemic.” Apparently, we’ve learned absolutely nothing from the last time gain-of-research reared its ugly head with the coronavirus. Why must scientists continue to try and play God with things they are not equipped to understand and control? It’s been proven over and over again that gain-of-function research…
I don’t know if you’ve been paying attention, but the price of gold has been extremely hot as of late, going up by a steamy 20 percent over the course of the last two months. And that’s only a little bit surprising. Look at the state of our economy. With inflation going through the roof and our dollar decreasing in purchasing power, folks are weary that we’re headed for a significant rough patch in the near future. Precious metals are a great investment to help protect yourself against potential crashes and other emergencies. So, according to Profstonge Weekly, gold has…
President Joe Biden’s economic policies are wreaking havoc on retirees who have been forced to take massive stacks of cash out of their savings in order to keep up with prices, which has increased the risk they will have to start digging into their nest eggs. The current regime will not be happy until they have totally destroyed the middle-class and erased it from existence. Of course, it’s far easier to control the population when everyone is dirt poor and totally dependent upon the federal government for all of their needs. According to MSN News: The rise in spending since…
You might have noticed that the mainstream media is all up in a tizzy about a potential new health emergency that is on the horizon, just in time for election year. Only instead of COVID-19, the big, super scary bug is H5N1, otherwise known as the “bird flu,” and before you chuckle, you should know this virus actually is dangerous. Far more so than the coronavirus was and to be fair, that was no picnic, especially for those with pre-existing conditions. What’s weird is when hundreds of millions of birds were keeling over due to bird flu, the propagandists we…
Say, have you noticed how expensive things have gotten at the grocery store lately? I bet you have. Unless, of course, you are one of those incredibly intelligent people who has moved off the grid and has become totally self-sufficient, which is a brilliant idea. Then, of course, you probably don’t really keep up with the disaster that is Bidenomics, which is essentially slapping every American citizen right in the mouth on a daily basis. Lucky you. Due to skyrocketing inflation — Thanks, Mr. President — millions of folks all over the nation are now being forced to live paycheck-to-paycheck…
One of the most terrifying questions to mull over concerning emergency situations is what you would do if there was some sort of cyberattack on the power grid and you were without electricity for an extended period of time. While this is an uncomfortable thought to think through, you might want to consider doing just that, because a number of experts are issuing warnings that it’s only a matter of time before there is a successful cyberattack on a power grid. Foreign individuals and government entities are already trying to do just that. According to the End Of The American…
Which city in the United States will be the very first one to experience a full-on collapse in the future? Place your bets, ladies and gentlemen. I know, that’s kind of dark, right? Betting money on which metropolis will crash-and-burn ruining the lives of millions of souls and fellow countrymen, knowing that if you’re right you could be rolling in cash, but hey, the world is a dark place. Before we decide to take a deep dive into which of the big bergs will implode, let’s take a look at what they all have in common. According to the End…