Big Banks Ease Path to Get Approved For A Credit Card
The saying “history repeats itself” is proven true over and over again and we never seem to learn. Before the 2008 crash, banks started making it easier and easier to take out a mortgage when thy knew that there’s a good chance that many that they were giving mortgages to could never pay it back. […]
The Coming Inflation Crisis of 2022
On Tuesday, CNBC published an article for their Fed Survey and what they expect the Federal Reserve to do regarding interest rates. They expect that the Federal Reserve will change course and begin to raise rates starting in 2022. If this is really their strategy, it’s going to be a disaster. According to the survey, […]
Food Prices Set to Skyrocket Again
Despite the claim that inflation was only going to be “transitory”, inflation continues to remain out of control and it’s getting worse. The official inflation numbers for October have been released and it shows that inflation is up 6.2% for the past 12 months. Even if you buy that phony number, inflation is the highest […]
IMF Warns Of Rising Inflation And A “Dangerous Divergence”
In October, the IMF (International Monetary Fund) issued a global stagflation alert and that we are seeing a “dangerous divergence”. They downgraded their global GDP growth forecast down by just .1% to 5.9% growth, but warned that this would still mean large downgrades for some countries. The IMF is also warning that inflation is “a […]
The Collapse of Evergrande and the Coming Storm
Evergrande is a Chinese company that has been building entire ghost cities in China for 20 years to keep the country afloat and make them look like they have this great economy. These are cities that are almost completely empty if not totally empty. Cities that are designed for millions to live in and you […]
What You Need to Do to Prepare For The New Normal
From energy to food your life is going to look dramatically different in the very near future if we continue down the road we are on. You are going to start seeing massive food and energy shortages. You are going to see family farms and businesses close at an exponential rate. We are headed for […]
What Made America Great and the New Normal
At the beginning of the pandemic, we started hearing terms like the “new normal”. I don’t think any of us fully understood what that meant at the time. I have been saying since near the beginning of the pandemic that we are never fully getting back to normal regarding things like mask mandates. But this […]
Atlanta Fed’s GDP Now Forecast Slashed by 41%
On September 9th, the Atlanta Federal Reserve Bureau published their GDP Now forecast for the third quarter of 2021. This is their seasonally adjusted annual rate for what they think the GDP (Gross Domestic Product) will grow by in the current quarter. Originally they were projecting a growth rate of 6.2%. On September 9th, they […]
Banks Begin Making Same Move They Did Before ’08 Crash
In July, a story broke that received very little attention by the mainstream media. That story had to do with the banks announcing that they are spreading out mortgage risk because they are worried about what the future holds for the U.S. economy. Seems like a big deal that should have received lots of attention […]
Paypal to Research Transactions of “Hate Groups” and “Extremists”
Reuters recently reported that Paypal will be partnering with the non-profit organization the Anti-Defamation League (ADL) to “investigate how extremist and hate movements in the United States take advantage of financial platforms to fund their criminal activities”. This new initiative will “focus on uncovering and disrupting the financial flows supporting white supremacist and anti-government organizations”. […]