Debt Ceiling Deal Keeps Dollar Locked in Devaluation Spiral
By Clint Siegner Fiscal hawks weren’t optimistic when Kevin McCarthy was elected Speaker of the U.S. House. The California Republican’s track record was dismal when…
By Clint Siegner Fiscal hawks weren’t optimistic when Kevin McCarthy was elected Speaker of the U.S. House. The California Republican’s track record was dismal when…
By Ryan McMaken Negotiations over increasing the federal debt ceiling continue in Washington. As has occurred several times over the past twenty years, Republicans and…
By Stefan Gleason President Joe Biden will meet with House Speaker Kevin McCarthy on Monday to hold high-stakes talks on the still-unresolved debt ceiling standoff….
By John W. Whitehead and Nisha Whitehead “There is no more dangerous menace to civilization than a government of incompetent, corrupt, or vile men.” —…
By Laura Williams If you buy anything at all online these days, you might have noticed the sudden influx of “flexible financing” options. Everything from…
By Stefan Gleason On Sunday, U.S. Treasury Secretary Janet Yellen warned that “financial and economic chaos will ensue” if the U.S. government’s borrowing limit isn’t…
By Tyler Durden California’s recent decision not to pay back some $20 billion borrowed from the federal government to cover unemployment benefits during the pandemic…
By Tyler Durden So much for credit being tight. One month ago, not long after we warned that consumer credit was about to get much…
By John W. Whitehead and Nisha Whitehead We’re not living the American dream. We’re living a financial nightmare. The U.S. government is funding its existence…
By Tyler Durden As US millennials distinguish themselves as the “buy now, pay later” generation, their Canadian counterparts are leading the way when it comes…
By Charles Hugh Smith The resulting erosion of collateral will collapse the global credit bubble, a repricing/reset that will bankrupt the global economy and financial…
By Tyler Durden Today, America owes foreign investors of its national debt $7.3 trillion. These are in the form of Treasury securities, some of the most…
By B.N. Frank A few years ago, PACE loans were getting a bad rap and for good reason (see 1, 2). Since then, according to…
By Michael Snyder You can call everyone for dinner, because our goose is cooked. We are so deep in debt that the only way we…