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From Debt Peons To Wage Slaves – Are Students A ‘Class’?
Authored by Michael Hudson, via NakedCapitalism.com, Students usually don’t think of themselves as a class. They seem “pre-class,” because they have not yet entered the labor force. They can only hope...
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Stockman Fears Fiscal Bloodbath As “Mother Of All Debt Ceiling Crises” Looms
Authored by David Stockman via The Daily Reckoning, While the Imperial City is frozen in the Second Coming of Comey, it doesn’t mean that the Washington spending machine is on pause. In fact, the...
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The World Is Now $217,000,000,000,000 In Debt And The Global Elite Like It...
The borrower is the servant of the lender, and through the mechanism of government debt virtually the entire planet has become the servants of the global money changers. Politicians love to borrow...
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The World Is Now $217,000,000,000,000 In Debt And The Global Elite Like It...
This article was originally published by Michael Snyder at The Economic Collapse Blog. The borrower is the servant of the lender, and through the mechanism of government debt virtually the entire...
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“It’s Too Late”– 7 Signs Australia Can’t Avoid Economic Apocalypse
Authored by Joe Hildebrand and John Adams via News.com.au, AUSTRALIA has missed its chance to avoid a potential “economic apocalypse”, according to a former government guru who says that despite his...
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Fed Chair Janet Yellen Warns Congress: US Debt Trajectory Is Unsustainable
During her tesimony this morning, Fed Chair Janet Yellen urged Congress to take into account the growth trajectory of the federal debt when making decisions about spending and taxation. She said...
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Is This The Generation That Is Going To Financially Destroy America?
Did you know that the federal government is going to spend more than 4 trillion dollars this year? To put that into perspective, U.S. GDP for the entire year of 2017 is going to be somewhere between...
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Would You Like To Steal 128 Million Dollars?
What would you do with 128 million dollars? Many people like to daydream about winning the lottery, and I have to admit that when I was much younger I would do the same thing. If you were suddenly...
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How Big Of A “Deleveraging” Are We Talking About?
Authored by Lance Roberts via RealInvestmentAdvice.com, Last week, I discussed the issue of debt and why “people buy payments.” This article generated much discussion and several emails including the...
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There Is Only One Empire: Finance
Authored by Charles Hugh Smith via OfTwoMinds blog, Any nation-state that meets these four requirements is fully exposed to a global loss of faith in its economy, debt, balance of payments and...
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Total Government And Personal Debt In The U.S. Has Hit 41 Trillion Dollars...
We are living in the greatest debt bubble in the history of the world. In 1980, total government and personal debt in the United States was just over the 3 trillion dollar mark, but today it has...
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Total Government And Personal Debt In The U.S. Has Hit 41 Trillion Dollars...
Authored by Michael Snyder via The Economic Collapse blog, We are living in the greatest debt bubble in the history of the world. In 1980, total government and personal debt in the United States was...
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“None Of It Was True”: 103 Years Later, The FT Admits It Lied And Colluded...
When one strips away the lies about central banks’ “inflation and employment” mandates and focuses on what they really do – which is to keep asset prices artificially supported and volatility...
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Austerity Isn’t Dead, It Will Come Back With A Vengeance
Authored by Jonathan Rochford via NarrowRoadCapital.com, There’s been a steady stream of recent articles claiming that austerity is dead. The “magic” of false measurements, animal spirits and money...
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Hartford Bankruptcy Looms As CT Gov Admits “We Spent Money On Wrong Things”
Connecticut Governor Daniel Malloy is among the country’s least popular governors after forcing through two tax hikes that sent individuals and corporations fleeing from the state. Luckily for the...
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The Complete Debt Ceiling Decision Tree: “An Alarmingly High Probability Of A...
For all the breathless newsflow over the past 7 days, the single most consequential event of last week was the sudden jump in debt ceiling/government shutdown odds following Donald Trump’s...
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Debt Nightmare: Does Anyone Actually Care That Our Exploding National Debt Is...
When will America finally wake up? The borrower is the servant of the lender, and we now have a colossal 20 trillion dollar chain around our collective ankles. We have willingly enslaved ourselves,...
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Hillary Almost Proposed ‘A Universal Basic Income’ In 2016, And The Idea Is...
Should you get free money from the U.S. government every month simply for being alive? That may sound like a crazy idea to many of us, but the truth is that this will likely be one of the biggest...
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The Middle Class Is Being Destroyed: Now Only 25 Percent Of All Americans...
We just got more evidence that the middle class is being systematically eviscerated. According to a GOBankingRates survey that was just released, more than half the country has less than $1,000 in...
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Putting America’s Record-Breaking $20 Trillion Debt In Global Context
The U.S. federal government just passed a record $20 trillion in publicly held debt. That’s bigger than the entire economy of every country in the European Union, combined. As HowMuch.net notes, the...
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