You can spend more money than you are bringing in for quite a while, but eventually, a day of reckoning arrives. 

With debt levels at all-time highs, 40% of those living in California and New York want to flee their states for tax havens and less socialist policies.

A surprisingly dovish turn by the Federal Reserve and intense new worries have rattled Wall Street, sparking more recession fears and concerns about a global economic slowdown.

Usually, the Federal Reserve is extremely hesitant to say that an economic slowdown is taking place. Now, they’re coming out and saying it.

Rather than saving and putting a down payment on a house, Millennials have chosen to borrow money for education. That easy money they borrowed is to blame for the skyrocketing costs of college as well.

Even mainstream economists are admitting that economic activity is slowing down.

There’s a difference between poor and broke. It would be nice if millennials now taught their children the power of debt, and how it can enslave a person. Hopefully, the next generation won’t make as many mistakes.

Sadly, we haven’t learned from our past mistakes, and millions upon millions of Americans will find themselves drowning in an ocean of red ink once again during this next recession.

The stage is set for the most terrifying economic horror show in American history, and the clock is ticking away with each passing day.

Dollar Tree is the latest in a wave of companies announcing that they will be closing several hundred stores in the following months.

We haven’t experienced anything quite like this since 2008, and most Americans are completely unprepared for a new economic downturn.

This unsustainable bubble of debt-fueled prosperity that we have been enjoying in recent years has lasted for far longer than it should have, and it is just a matter of time before things dramatically deteriorate.

After accounting for the impact of higher tax (theft) revenue and the higher prices set by domestic producers, the study found the aggregate annual loss for the U.S. economy fell to $6.4 billion, or 0.03 percent of GDP.…

The “Everything Bubble” is bursting, the “Perfect Storm” is coming, and all of our lives will never be the same again.

Unfortunately, not one politician in Washington is focused on the national debt, unless it’s on how to raise it even more.

Peter Schiff, the CEO and chief global strategist of Euro Pacific Capital Inc. says that the real national emergency is not at the southern border.  The real ticking time bomb is the national debt.

“It’s never been wrong. It’s something to watch,” said Joseph Lavorgna, chief economist for the Americas at Natixis.