Search Results for: dump debt

Detroit is bankrupt

Detroit is bankrupt

The city of Detroit has filed for federal bankruptcy, or Chapter 9 protection, which could mean municipal employees are laid off, assets sold and services like trash collection, which have already been cut to the bone, further scaled back. Detroit has become the largest city in American history to file …

Read More »

The Italian jobs? Unemployed youth clash with police in Italy

About 3,000 unemployed demonstrators have clashed with riot police in Naples during a protest against rocketing youth unemployment. The violence erupted in the city after a visit by Labor Minister Elsa Fornero and left 23 people injured. Protesters donned masks of the unpopular Fornero and waved banners calling for Prime …

Read More »

How to Get Out of Loan Debts Smartly?

how-to-get-out-of-loan-debts

Today, it is almost impossible to find a single Canadian household which doesn’t have debt or credit on its head. While most are living with it and managing the debt well by continuously paying off the loans and credit card bills, there are a few who end up borrowing more …

Read More »

The globalists are losing control

Bank of Japan BOJ

The central planners are in a state of fear and panic. They are trying everything and anything to create market validation for their policies, watching with trepidation as their favored economic metrics fail to respond to all of their frenzied efforts. They are so far over the tips of their …

Read More »

United States puts its crosshairs on Russia

Russia Putin in meeting

Washington’s attack on Russia has moved beyond the boundary of the absurd into the realm of insanity. The New Chief of the US Broadcasting Board of Governors, Andrew Lack, has declared the Russian news service, RT, which broadcasts in multiple languages, to be a terrorist organisation equivalent to Boko Haram …

Read More »

It’s a matter of trust

Part 1 “All the world is made of faith, and trust, and pixie dust.” ― J.M. Barrie – Peter Pan         “The issue which has swept down the centuries and which will have to be fought sooner or later is the people versus the banks.” – Lord Acton Who do you trust? Do …

Read More »

Venezuela prepares to sell the last of its gold

Venezuela Maduro gold

Last Thursday when we recounted the story of how Venezuela is now literally flying in paper money (using three dozen cargo Boeing 747s), we wrote that “Venezuela’s hyperinflation, already tentatively estimated at 720%, will likely add on a few (hundred) zeroes by this time next year. It is also quite likely that …

Read More »

How Will Rising Interest Rates and Inflation Affect UK Consumers?

UK Consumers

2016 was an interesting year from a financial perspective. Brexit, followed by an unexpected Trump victory in the U.S. election, all served to wreak havoc on the UK economy. Yet despite doom and gloom predictions from the Bank of England, the economy has remained remarkably resilient. The price of the …

Read More »

Spinning bad financial news into good – Paul Craig Roberts

unemployment numbers

Friday’s payroll jobs report says that 96,000 new jobs were created in August and that the unemployment rate (U.3) fell from 8.3% to 8.1%. As 96,000 new jobs are not enough to keep up with population growth, the decline in the U.3 unemployment rate was caused by 368,000 discouraged job …

Read More »

2012 Obama vs Romney: the illusion of choice

obamney repulicrats

Come November, the American people will be faced with two distinct options; reelect President Barack Obama or vote for Mitt Romney. The liberal Democrat and the Republican conservative seem to stand in stark contrast. They come from different backgrounds and have different views on most social issues like same-sex marriage, …

Read More »

A Personal Loan for Holiday Shopping; What You Should Consider

The holidays are an exciting time of the year. Families set up Christmas trees. They decorate their homes with tinsel and lights. Christmas music plays everywhere. Families attend night church services featuring Christmas carols and children’s plays. These are all exciting, but nothing beats the biggest activity of the season; …

Read More »

UK Student Loans Company Accused Of Spying On Applicants

UK students applying for a loan via the Student Loans Company (SLC) will have their personal Facebook page scrutinized to determine whether they qualify for funding. This comes after it was revealed that during the summer 150 applicants were spied on after applying for full maintenance loans due to being estranged from …

Read More »

World economy is so damaged it needs permanent money printing

USD money printing dollar

Combined tightening by the United States and China has done its worst. Global liquidity is evaporating. What looked liked a gentle tap on the brakes by the two monetary superpowers has proved too much for a fragile world economy, still locked in “secular stagnation”. The latest investor survey by Bank …

Read More »

The “world’s largest prop trading desk” just went bust

JP Morgan Chase

A month ago we warned that JPM’s CIO office is nothing short of the world’s largest prop trading desk. Not only were we right, but what just transpired is just shy of our worst possible prediction. At the end of the day, the real question is why did JPM put in so much …

Read More »

Former IMF head and bond king both recommend gold over stocks and bonds

Bill Gross Pimco bond king

From Filip Karinja, for Birch Gold Group Kenneth Rogoff, former chief economist for the International Monetary Fund (IMF), Kenneth Rogoff, recently penned a piece in which he recommended that emerging markets diversify their foreign exchange holdings away from the bonds of developed countries and into gold. One of Rogoff’s main reasons for the …

Read More »