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American economy running on FUMES as consumer debt binge reaches ominous and historic fever pitch

January 25, 2024 -

This historic debt binge seemingly has no end, especially because of the increasingly harsh economic environment that is making it next to impossible for many people to continue making ends meet.

Housing costs are through the roof. Employers are laying off workers in record numbers. Poverty and homelessness are becoming the norm rather than the exception. America's southern border is wide open to limitless "asylum seekers" who are displacing and replacing American citizens....

The American economy cannot afford another four years of a Biden presidency

May 01, 2023 -

This is according to financial expert Carol Roth, who noted in an opinion piece for The Blaze and during an interview with Glenn Beck that the president's policies have disproportionately affected the American middle class.

"[Biden] and his cronies, they've been making themselves out to be champions of the middle class, but all they've done is decimate the middle class," she said. (Related: Corporate America helped raise nearly $62 million for Biden's inauguration.)

As ...

Macy’s and other major retailers say slower sales indicate major problems for American economy

June 07, 2023 -

Big chains like the department store Macy’s and warehouse club Costco report that shoppers are changing their purchases and spending less money on discretionary purchases. Last week, for example, Macy’s had to cut its yearly profit and sales forecast in response to slowing customer demand.

CEO Jeff Gennette reported that they would be ramping up sales offerings in a bid to move some unsold merchandise after same-store sales dropped 8.7 percent in the last quarter. In the ...

US Senate candidate Jonathan Emord: The Biden administration’s goal is to COLLAPSE the American economy

2 months ago -

"The Biden administration's goal [is] to collapse the American economy, to basically make it impossible for us to function – either in defense of our rights, or in a free enterprise economy," he told the Health Ranger Mike Adams during a recent episode of the "Health Ranger Report."

According to Emord, the Biden administration can do it by making Americans afraid to live and forcing them to beg for help from the government. He continued: "It's the Soros plan. It's ...

Financial analyst warns China will overtake American economy and dollar is finished as global reserve currency

a month ago -

Bove, whose predictions have been accurate in the past, is convinced that other analysts also see the writing on the wall but won’t speak up about it because they are “monks praying to money” and don’t want to talk about the financial systems that are the source of their livelihood.

He told the New York Times in no uncertain terms: “The dollar is finished as the world’s reserve currency.”

He identified the offshoring of American manufacturing as one of the biggest ...

American despotism

September 12, 2023 -

(Article by Newt Gingrich republished from Spectator.org)

This constitutional crisis is so widespread and threatening that House Republicans must dramatically widen their investigations. Hunter Biden and President Joe Biden are only a tiny part of a spiderweb of corruption, dishonesty, criminal behavior, and state weaponization. The rule of law is steadily being replaced by a frightening new rule of power.

Of course, it is important to get to the bottom of the ...

Biggest stateside bank sees windfall profits amid struggling economy

January 15, 2024 -

(Article by Vince Quill republished from WLTReport.com)

JP Morgan Chase Co. saw a record $49.6 billion in profits for 2023 amid an ongoing banking crisis, record high inflation, and troubling macroeconomic trends.

The financial giant’s record profits represent a whopping 31% year-over-year increase from 2022.

Normally, during a period of high interest rates, the increased interest and banking fees are canceled out by the fact that fewer people are taking ...

Financial preparedness: What are the dangers of a “cashless” economy?

November 02, 2023 -

But if you want to avoid common risks like credit card fraud and digital systems that are vulnerable to cyberattacks, cash will always be king. (h/t to SHTFPlan.com)

In the U.S. and other economies that have legal tender laws, only cash is recognized as money. While others think that the balance of their bank accounts is money too, that is not quite the case. After all, your bank balance is one step removed from legal money.

All banks must maintain minimum balances ...

Over 55,000 companies shut down in France as country’s economy implodes

January 09, 2024 -

While the surge in closures is significant, the Bank of France emphasized that the level remains below the average annual bankruptcy filings recorded between 2010 and 2019, which stood at 59,342. The pandemic years saw a considerably lower number of business closures, almost half of the figures reported in 2023.

The report highlighted that the majority of closures in 2023 affected small and medium-sized enterprises. Businesses with less than 250 employees accounted for ...

FedEx, UPS both see PLUMMETING shipping volume as economy nears COLLAPSE

August 30, 2023 -

We know that the number of package flights operated by both FedEx Express and UPS "significantly declined month over month in July," according to Yahoo! Finance.

Since the spring of 2022, the overall cargo market has been waning. And the shipping industry's response thus far has been to impose new efficiency initiatives to try to lower costs and accommodate smaller express volumes.

Compared to the month of June, FedEx flew 9 percent fewer domestic flights in July....

The globalist endgame for America’s economy is HYPERINFLATION followed by COLLAPSE

June 28, 2023 -

Like many who tell the truth, Coleman was de-platformed by YouTube, so now his videos and content come straight from his website and are also available at BrandNewTube.com. You can also find many of Coleman's videos at Brighteon.com.

In November 2020, Coleman published a video entitled "How they plan to bankrupt us all" that talks all about the very things we are now seeing happen. Is Coleman a prophet? He is more an observer who sees the writing on the wall and knows that ...

Copper-gold price ratio indicates unhealthy economy, raising possibility of RECESSION

May 25, 2023 -

The copper-gold ratio is regularly used as a financial indicator by institutional asset managers to gauge the overall health of the economy, investor sentiment regarding the market and future inflation expectations. (Related: Central banks continue their streak of accumulating more gold in 2023.)

Copper and gold are two key commodities regularly traded in the American financial world due to their distinct properties and uses. Copper is an industrial metal widely used in ...

EU shifting to WAR ECONOMY mode in bid to boost arms industry

a month ago -

In a proposal to European Union (EU) leaders, European industry commissioner Thierry Breton laid out a plan to buy more weapons from European arms manufacturers to help boost their production capacity and the commerce involved with their sale and transfer.

"We need to change the paradigm and move into war economy mode," Breton said about the plan. "This also means that the European defense industry must take more risks, with our support."

A French former tech company ...

Despite Western sanctions, Russia’s economy not only survived in 2023 – IT GREW

January 10, 2024 -

A report by Russia Today (RT) said the Russian economy has not only survived Western limitations, but has seen better growth through fresh trade connections and raised investment in domestic production. Given Moscow's success, international experts and politicians have questioned the effectiveness of these obsolete sanctions. They implied that such moves could only cause more harm to the worldwide economy.

But according to the Russian Academy of Sciences, the failure ...

War in Gaza not only claiming lives but also devastating Israel’s economy

November 22, 2023 -

But this is not the only aspect that the public is seeing. As per Bloomberg, the financial effects of Tel Aviv's military aggression, the Israeli economy has already suffered damages of about $8 billion, and they increase by $260 million every day.

Prime Minister Benjamin Netanyahu, who depends heavily on support from "ultra-Zionist right-wing political groupings," continues to provide "vast sums" to settler-colonial and non-essential ideological programs despite this ...

German economy collapsing after nation abandoned nuclear energy – prices soar, industries implode

November 19, 2023 -

In recent years, Germany has been phasing out coal and nuclear energy in a way that has been described in German media as "not well coordinated with the European Union." As a result, Germans are paying sky-high prices for energy that are completely unsustainable if the Germany economy is to stay afloat.

There are generally three main goals with effective energy policy: low prices, security of supply, and environmental protection with regard to carbon dioxide (CO2) emissions ...

Dallas, Los Angeles see largest increases in shoplifting as U.S. economy falters

November 17, 2023 -

According to a new report from the nonpartisan Council on Criminal Justice (CCJ), Los Angeles and Dallas saw the largest increases in retail theft during the first half of both 2022 and 2023.

Retail theft in Los Angeles was up 109 percent during these timeframes while Dallas saw a whopping 73 percent increase in shoplifting.

In 2020 when the Wuhan coronavirus (COVID-19) "pandemic" was first being launched, shoplifting incidents across the United States fell dramatically ...

Germany passes impossible “green” heating legislation that will cost economy $1 TRILLION

September 13, 2023 -

The scheme, known as the Building Energy Act (GEG), is extremely expensive, estimated to cost the German economy more than $1 trillion over the next two decades.

As politicians celebrated the law's passage, ordinary Germans, many of whom are having trouble making ends meet with skyrocketing inflation and an ever-slowing economy, lamented the mandate. Most Germans are opposed to the new law, according to polling, but it was passed regardless.

Germans says their ...

The braindead American foreign policy establishment

a month ago -

(Article by Paul Craig Roberts republished from PaulCraigRoberts.org)

“What Is To Be Done?,” by Sergei A. Karaganov, honorary chairman of the Presidium of the Council on Foreign and Defense Policy, Moscow ( https://eng.globalaffairs.ru/articles/an-age-of-wars-what-is-to-be-done/ ) reflects my own views expressed on many occasions, such as that in the face of the Western world’s hostility, Russia should avoid continuing conflict by turning to the East to China and India and ...