Credit Card Debt In The United States Is Approaching A Trillion Dollars

Credit Card Debt - Public DomainFor the first time ever, total credit card debt in the United States is approaching a trillion dollars.  Instead of learning painful lessons from the last recession, Americans continue to make the same horrendous financial mistakes over and over again.  In fact, U.S. consumers accumulated more new credit card debt during the 4th quarter of 2015 than they did during the years of 2009, 2010 and 2011 combined.  That is absolutely insanity, because other than payday loans, credit card debt is just about the worst kind of debt that consumers could possibly go into.  Extremely high rates of interest, combined with severe penalties and fees, can choke the financial life out of almost any family in no time at all. (Read More...)

Who Is To Blame For The Rape Epidemic That Is Sweeping Across Europe?

Fear Woman - Public DomainMillions of women in Europe are now deathly afraid to walk outside their own homes at night, and with each passing day more news reports of absolutely horrific rapes and sexual assaults come pouring in from all over the continent.  So who is to blame for this epidemic of rape?  I think that the answer might surprise you, because a very famous politician in the United States is at least partially responsible.  But first, let’s examine why women all over Europe are living in such fear right now.  I have written previously about this rape epidemic, but since that time it has gotten even worse.  At this point, this plague is even affecting small towns in the far northern portions of the continent.  For example, just consider what is happening in a small town in northern Sweden known as Ostersund… (Read More...)

Are You Kidding Me? Chinese Exports Plunge 25.4 Percent Compared To Last Year

Exports Declining - Public DomainWe just got more evidence that global trade is absolutely imploding.  Chinese exports dropped 25.4 percent during the month of February compared to a year ago, and Chinese imports fell 13.8 percent compared to a year ago.  For Chinese exports, that was the worst decline that we have seen since 2009, and Chinese imports have now fallen for 16 months in a row on a year over year basis.  The last time we saw numbers like this, we were in the depths of the worst economic downturn since the Great Depression of the 1930s.  China accounts for more global trade than any other nation (including the United States), and so this is a major red flag.  Anyone that is saying that the global economy is in “good shape” is clearly not paying attention. (Read More...)

The Collapse Of Italy’s Banks Threatens To Plunge The European Financial System Into Chaos

Italy Flag Map - Public DomainThe Italian banking system is a “leaning tower” that truly could completely collapse at literally any moment.  And as Italy’s banks begin to go down like dominoes, it is going to set off financial panic all over Europe unlike anything we have ever seen before.  I wrote about the troubles in Italy back in January, but since that time the crisis has escalated.  At this point, Italian banking stocks have declined a whopping 28 percent since the beginning of 2016, and when you look at some of the biggest Italian banks the numbers become even more frightening.  On Monday, shares of Monte dei Paschi were down 4.7 percent, and they have now plummeted 56 percent since the start of the year.  Shares of Carige were down 8 percent, and they have now plunged a total of 58 percent since the start of the year.  This is what a financial crisis looks like, and just like we are seeing in South America, the problems in Italy appear to be significantly accelerating.
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Thanks To The Republican Civil War, Every Scenario Ends With Hillary Clinton Winning The Election

Hillary Clinton_Testimony_to_House_Select_Committee_on_Benghazi - Public DomainWhat is the worst possible outcome for the presidential election of 2016?  Assuming that an election will actually take place, that is an easy question to answer – Hillary Rodham Clinton as the next president of the United States.  She is truly evil in every sense of the word, and the implications of what four (or eight) years of Hillary would mean for our nation are almost too terrible to imagine.  That is why it is so depressing watching what is happening to the Republican Party right now.  The civil war in the Republican Party is ripping it to shreds, and as a result of all this warfare every plausible scenario for what will happen the rest of the way ends with Hillary Clinton winning the 2016 election. (Read More...)

The Economic Collapse Of South America Is Well Underway

Earth - Our World - Public DomainThe 7th largest economy on the entire planet is completely imploding.  I have written previously about the economic depression that is plaguing Brazil, but since my last article it has gotten much, much worse.  During 2015, Brazil’s economy shrank by 3.8 percent, but for the most recent quarter the decline was 5.89 percent on a year over year basis.  Unemployment is rising rapidly, the inflation rate is up over 10 percent, and Brazilian currency has lost 24 percent of its value compared to the U.S. dollar over the past 12 months. (Read More...)

If You Don’t Warn The People, Their Blood Could Be On Your Hands

Apocalyptic - Public DomainWhy are so few voices warning the people about what is coming?  We stand at the door of a period of distress that will be unlike anything that any of us have ever known before.  And even though the signs are all around us, very few individuals appear to be willing to stand up and sound the alarm.  Instead, there seems to be a large number of people that are quite eager to criticize the watchmen.  Earlier today, I was having a conversation with a very prominent voice in the alternative media, and we were reflecting on this.  There are so many individuals out there that love to shoot arrows at those that are sounding the alarm, and yet they are doing so little to make a difference themselves. (Read More...)

Plunging Manufacturing Numbers Mean That It Is Time To Hit The Panic Button For The Global Economy

Panic Button On Keyboard - Public DomainWe haven’t seen numbers like these since the last global recession.  I recently wrote about how global trade is imploding all over the planet, and the same thing is true when it comes to manufacturing.  We just learned that manufacturing in China has now been contracting for seven months in a row, and as you will see below, U.S. manufacturing is facing “its toughest period since the global financial crisis”.  Yes, global stocks have bounced back a bit after experiencing dramatic declines during January and the first part of February, and this is something that investors are very happy about.  But that does not mean that the crisis is over.  All bear markets have their ups and downs, and this one will not be any different.  Meanwhile, the cold, hard economic numbers that keep coming in are absolutely screaming that a new global recession is here. (Read More...)

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