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Credit Card Charge-Offs Hit The Highest Level In Nearly 7 Years And Credit Card Delinquencies Hit The Highest Level In Almost 8 Years
There are all sorts of indications that the U.S. economy is really starting to slow down again. One of those indications is the fact that the level of credit card charge-offs has risen to the highest level since 2012…
The debt-based system we live under won’t sustain itself forever. Don’t get us wrong, the sociopaths in government and at the Federal Reserve (central bankers) will prop it up for as long as possible, but it is doomed to fail.
Nearly 102 Million Americans Do Not Have A Job Right Now – Worse Than At Any Point During The Last Recession
A number of the experts that I am hearing from expect job losses to escalate in the months ahead. Many of those that are currently living on the edge financially suddenly won’t be able to pay their mortgages or their bills.
The absolute fact is that e-commerce and online retail is only minimally to blame for these stores’ demise. Massive unpayable levels of debt and therefore, bankruptcy are taking a toll on these American retailers.
Do You Remember The Oil Crisis And “Stagflation” Of The 1970s? In Many Ways, 2019 Is Starting To Look A Lot Like 1973…
In many ways, 2019 is starting to look a lot like 1973. For many Americans, the 1970s represent a rather depressing chapter in U.S. history that they would just like to forget, but the truth is that if we do not learn from history it is much more likely that we will repeat our mistakes. And without a doubt, right now a lot of things are starting to move in a very ominous direction.
Expect the best, but prepare for the worst. The more options you have in your arsenal, the better.
It isn’t just the retail industry that is heading for an “apocalypse”. Our entire economy is built on a foundation of sand, and a giant storm is rapidly approaching our shores.
If these governments want any hope at all of surviving the next global economic recession, they had better get their debt under control.
In their desperation, to cling to wealth and power (that they created) central banks may have set a combustion process in motion that they can’t stop, one that may bring about even more ghastly consequences than the market troubles they sought to avert in the first place.
At the rate that our economy is currently slowing down, America may become an economic horror show a lot sooner than many people had anticipated.