By Tyler Durden As US millennials distinguish themselves as the “buy now, pay later” generation, their Canadian counterparts are leading the way when it comes…
By Charles Hugh Smith The resulting erosion of collateral will collapse the global credit bubble, a repricing/reset that will bankrupt the global economy and financial…
By Tyler Durden Today, America owes foreign investors of its national debt $7.3 trillion. These are in the form of Treasury securities, some of the most…
By B.N. Frank A few years ago, PACE loans were getting a bad rap and for good reason (see 1, 2). Since then, according to…
By Michael Snyder You can call everyone for dinner, because our goose is cooked. We are so deep in debt that the only way we…
By Ryan McMaken Here we go again. Every few years in Congress there is a purely political battle over the debt ceiling. We’re supposed to…
By Tyler Durden The scale of hidden dollar debt around the world is huge. As Visual Capitalist’s Dorothy Neufeld details below, no less than $65…
By Stefan Gleason Ahead of the Christmas holiday, Congress gave taxpayers the gift of a 4,155-page, pork-laden $1.7 trillion spending bill. It will add to…
By Michael Snyder We never seem to learn from our mistakes. Just before the financial markets crashed and the economy plunged into a horrifying recession…
By B.N. Frank Since 2021 ProPublica has been exposing issues associated with controversial high-interest Property Assessed Clean Energy (PACE) loans and their lenders (see 1,…
By Chris Melore Financial times are tough and record-high inflation isn’t cutting anyone a break in 2022. Now, a new survey finds the holidays could…
By Tyler Durden While it is traditionally viewed as a B-grade economic indicator, the August consumer credit report from the Federal Reserve was another shocker…
By Michael Snyder Our politicians in Washington are literally destroying our future. But do you see anyone out in the streets protesting their calamitous policies?…
By Michael Boldin Washington, Jefferson, Madison – their warnings on a massive, permanent national debt have been totally ignored. And until they’re heeded, things are…