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5 Tips on how to shield your finances from debt default

June 01, 2023 -

At the same time, negotiations are ongoing between the White House and Congressional Republicans as they deliberate raising the U.S. government's $31.4 trillion debt ceiling.

If you're worried about the future, invest wisely to protect your finances from debt default.

Analysts previously warned that a default could result in mortgage payments skyrocketing and the loss of seven million jobs. It could also result in investments plummeting.

Ratings agency Fitch ...

Americans’ credit card debt reaches a record-setting $1 trillion in the face of inflation and rising expenses

August 11, 2023 -

In the period from April through June, total credit card and indebtedness climbed by $45 billion in an increase of 4 percent. Meanwhile, total household debt increased by 16 billion to reach $17.06 trillion, which set another record.

Some financial experts are blaming the end of pandemic-related debt relief measures for the current situation as credit card delinquencies are also rising, which tends to indicate that consumers are struggling with the combination of higher ...

Pilot shortage and union demand could make passenger flights unaffordable for ordinary Americans

August 09, 2023 -

Estimates suggest that airlines across North America will suffer shortages of around 30,000 pilots over the next decades because the country isn't training enough pilots while others are choosing to retire early.

Oliver Wyman, a management consulting firm, explained that even if the supply of new pilots grows, it's still not enough to "offset a continuing wave of retirements."

At the same time, pilot unions are more determined to have their needs met due to the ...

Business analyst Liz Peek: Fed RATE HIKES responsible for bank failures

May 09, 2023 -

"Why are banks failing? Because of the Fed rate hikes. What is the Fed poised to do tomorrow? Hike rates again. It is almost unimaginable to me," she told Fox Business anchor Elizabeth MacDonald during the May 3 edition of "Evening Edit."

Peek pointed out that three of the four largest bank failures in U.S. history had been marked by the Fed's continued rate hikes. She commented: "We have never ever had [a] financial shock [before], such as bank failures. So yes, we have ...

EU agrees to provide $55 billion aid package for Ukraine as U.S. aid stalls

February 06, 2024 -

In a post on X, European Council President Charles Michel announced that an agreement had been made that he says “locks in steadfast, long-term, predictable funding for Ukraine” and shows that the “EU is taking leadership and responsibility in support for Ukraine; we know what is at stake.”

The agreement came after lengthy delays resulting largely from a stalemate that arose when Hungarian Prime Minister Viktor Orban blocked the aid package; it could only pass with ...

Illegal aliens are destroying farmland and threatening U.S. food supply, warns RFK Jr.

June 13, 2023 -

A threat to America's food supply, these illegals are taking full advantage of the recent expiration of Title 42, a covid-era policy invoked by the Trump administration to stem the flow of illegal aliens into the country during the "pandemic."

Kennedy met with farmers along the border in Yuma, Ariz., who told him that they are losing thousands of dollars due to illegals destroying food crops during their quest to resettle in America.

"I met with local farmers Cory ...

Hungarian PM Viktor Orban accuses EU of resorting to BLACKMAIL to force his support to Ukraine

February 04, 2024 -

Orban's comments came during an interview with the French magazine Le Point, where he reiterated Hungary's steadfast stance against a military solution to the ongoing conflict. (Related: EU threatening to SABOTAGE Hungary's economy if Viktor Orban continues to block military aid for Ukraine.)

Orban expressed concern over the proposed EU plan to provide 50 billion euros ($54 billion) over four years directly to Ukraine, emphasizing Hungary's reluctance to support such ...

In five years, nearly HALF of all human skills will be replaced by AI

January 04, 2024 -

This is a frightening prospect, especially for the younger generations that anticipate not being able to get a job once they become of age because all the jobs will have been taken by AI robots that are much cheaper for companies to maintain than actual human lives with salaries, benefits and pensions.

The globalist-controlled World Economic Forum (WEF) has already come up with a term for this increasingly widespread fear among young people of never being able to enter ...

United Auto Workers end strike after reaching tentative agreements with Ford, Stellantis, General Motors

October 31, 2023 -

Ford was the first of the Big Three dominoes to fall, after it reached a tentative agreement with UAW negotiators on Oct. 25. Three days later on Oct. 28, the UAW announced reaching a similar deal with Stellantis, the parent company of luxury brands like Chrysler, Jeep and Ram. Finally, on Oct. 30 – the birthday of UAW President Shawn Fain – the union ended six weeks of whirlwind strikes after General Motors caved and agreed to the deal.  (Related: United Auto Workers president ...

Supply chain collapsing as some workers quit, others die from COVID “vaccines”

May 12, 2023 -

Whatever the case may be, there are now far fewer people working post-"pandemic" than there were pre-"pandemic" – and the supply chains are collapsing because of it.

Caroline Chumakov, the keynote speaker at this year's Gartner Supply Chain Symposium, delivered the bad news during a packed opening session, which saw in attendance more than 3,200 people.

"Will we leave a supply chain that lights up careers, feeds global economics, and sustains our planet?" Chumakov ...

Oklahoma BANS 13 banks from doing business after they were found to engage in energy boycotts

May 09, 2023 -

State Treasurer Todd Russ announced the measure on May 3, which effectively blocked the banks from managing billions of dollars in Oklahoma pensions, investments and other state entities. His decision represents one of the most aggressive actions any state has taken against banks pursuing so-called woke environmental, social and governance (ESG) initiatives.

The 13 financial entities barred by the Sooner State from doing business were as follows:

...

Study: About 2M low-income British households resort to unplugging refrigerators due to soaring electricity bills

November 22, 2023 -

The independent social change organization "working to solve U.K. poverty" said that in October, a quarter, or 2.8 million, of low-income households had incurred debts to pay for food, a third had sold belongings to raise cash, and one in six had used so-called community "warm rooms." Also, four out of five households on universal credit were going without food, switching off heating and not replacing worn-out clothing. Nearly a million households said that since May, they ...

United Auto Workers union goes on strike against Big Three automakers – another sign that Bidenomics is a costly failure

September 18, 2023 -

For the first time in the history of the UAW, the approximately 146,000 members of the union are striking simultaneously against the Big Three auto companies in the United States – General Motors, Ford Motor Company and Stellantis, owner of luxury car brands like Chrysler, Dodge, Jeep and Ram. (Related: THIS DOESN'T ADD UP: Joe Biden gives auto companies BILLIONS in taxpayer dollars while auto worker wages are getting CUT IN HALF.)

For now, the strikes are limited ...

NO DEAL! Biden, McCarthy fail to reach an agreement on DEBT CEILING just days from potential default

May 24, 2023 -

"I felt we had a productive discussion – we don't have an agreement yet, but I did feel the discussion was productive in areas that we have differences of opinion," McCarthy said. "We're going to have the staffs continue to get back together and work based on some of the things that we had talked about."

Both sides stressed the need to avoid default with a bipartisan deal, but the president and congressman have struggled to make a deal as both have been pushing different ...

California businesses still paying for Julie Su’s $31B mistake

May 01, 2023 -

Nearly 60 businesses and agriculture groups in the Golden State, led by the California Chamber of Commerce, brought this concern to light in a March 23 letter. They complained that their more than four million members face escalating payroll taxes to bail out the state's Unemployment Insurance (UI) Fund. The letter addressed to leaders of California's state legislative branch warned that the taxes – which could exceed $400 per worker annually – threaten employee-heavy small businesses ...

Gags and jibes

17 days ago -

(Article republished from Kunstler.com)

Our Congress so far has resisted coughing up another $60-billion for the Ukraine project — most of it to be laundered through Raytheon (RTX), General Dynamics, and Lockheed Martin — so instead “Joe Biden” sent Ukraine’s President Zelensky a few reels of Laurel and Hardy movies. The result was last week’s prank: four groups of mixed Ukraine troops and mercenaries drawn from sundry NATO members snuck up to the border of Russia’s Belgorod ...

Mass immigration to Germany will cost taxpayers up to €19.2 trillion, warns top academic expert

February 09, 2024 -

(Article by John Cody republished from RMX.news)

Often referred to as the “pension pope,” Prof. Raffelhüschen’s study blows a hole in the narrative promoted by pro-migration parties and business leaders, who claim that mass immigration will save Germany’s public finances and the job market.

“Immigration as it has been happening so far is costing us €5.8 trillion overall economically,” writes the professor in a new study.

However, unlike some other economists ...

Sen. Bernie Sanders launches probe into Amazon’s labor practices

June 21, 2023 -

He kick-started the probe through a June 20 letter addressed to Amazon CEO Andy Jassy. The Vermont senator demanded information about the company's "systematically under-reported" injury rates, employee turnover, productivity targets and adherence to federal and state safety recommendations. Sanders gave Jassy and Amazon a July 5 deadline to respond to his letter.

"Amazon sets an example for the rest of the country," said Sanders, the chairman of the Senate Committee on ...

This means war

October 11, 2023 -

Article by Benjamin Picton and Michael Every of Rabobank republished from ZeroHedge.com)

As Hamas supporters celebrated shocking Israeli suburbia and a dance festival for peace with Mad Max-style violence, Israel experienced its 9/11 or Pearl Harbour, first in terms of the intelligence failure, second in its determination to strike back hard. This is officially war for the first time since 1973, and Israeli PM Netanyahu has stated his intention to topple Hamas entirely....

DEBT SURGE ALERT: $8.9T government debt to mature, $1.4T budget deficit expected in 2024

February 14, 2024 -

The Federal Reserve has also been running down its balance sheet by $60 billion per month. The bottom line, experts said, is that someone will need to buy more than the said amount in U.S. government bonds. It is more than one-third of the U.S. outstanding federal debt and more than one-third of the country’s gross domestic product (GDP).

According to education platform Apollo Academy's Chief Economist Torsten Slok, this is going to be a particular challenge when the ...