Category: Consumer Debt Crisis

February 27, 2015 Category: Consumer Debt Crisis

CHART: Global Debt Up $57 Trillion Since 2007

Debt will be the downfall of our global economy…

November 11, 2013 Category: Consumer Debt Crisis

Chained CPI Chains Taxpayers

One of the least discussed, but potentially most significant, provisions in President Obama’s budget is the use of the “chained consumer price index” (chained CPI), to measure the effect of inflation on people’s standard of living.

May 23, 2013 Category: Consumer Debt Crisis

Student Loan Crisis Burdens the U.S. Economy

The average student debt for 25 year-olds nearly doubled in the last nine years. We haven’t even begun to see the long-term effects of this crisis.

April 19, 2012 Category: Consumer Debt Crisis

Bankrupting America: The Latest Shocking Numbers

Here’s a round up of the some of the latest shocking numbers detailing the continuing bankruptcy of our nation.

Category: Consumer Debt Crisis

Is The Time Right For The Fed To Begin QE3?

Now that the giddy effects caused by two enormous rounds of Quantitative Easing and an Operation Twist are starting to wear off for the credit-addicted Wall Street crowd, the question on every investors mind is: When will the Fed announce QE3?

Category: Consumer Debt Crisis

Politicians Who Can Add…

The suddenly cost-conscious (read: election year) Republicans on the Senate Budget Committee recently whipped out their calculators to compare the debt levels in the Eurozone to the current U.S. national debt.

April 7, 2012 Category: Consumer Debt Crisis

The Help You Need to Retire Early

An all too common retirement planning mistake is going it alone. This usually results in missed investment opportunities, sloppy planning, and lax savings schedules. Enlisting the help of a financial planner is a smart move at any age to avoid retirement planning pitfalls.

March 31, 2012 Category: Consumer Debt Crisis

FULL LENGTH VIDEO: The Ugly Truth About Consumer Debt

Jerry Robinson and veteran Debt Coach, Tom Coates, host an an eye-opening webinar that reveals the ugly truth about consumer debt and how you can get debt free.

March 17, 2012 Category: Consumer Debt Crisis

10 Alarming Statistics About Credit Card Debt in America

Here’s 10 alarming statistics about consumer debt in the United States.

February 25, 2012 Category: Consumer Debt Crisis

10 Ways to Restore Liberty and End Tyranny in America

When the government sticks their hands down your pants and tells you its “good for you,” you know that we are nearing the end of the American experiment.

November 11, 2011 Category: Consumer Debt Crisis

CATO Institute’s Michael Tanner on FTMWeekly Radio

Michael Tanner, author and a CATO Institute senior fellow, is our guest on FTMWeekly Radio. Jerry talks with him about the ins and outs of Obamacare, current economic issues, and possible solutions.

Read the article

October 27, 2011 Category: Consumer Debt Crisis

Peter Schiff Takes the Crazed Occupy Wall Streeters to School

Economist and author Peter Schiff recently braved a stroll through the loony mob (affectionately referred to as the “Occupy Wall Street” movement by the mainstream media) currently inhabiting Lower Manhattan. He was armed with a video camera and a microphone. There is no need for further comment. Just watch the video for yourself.
There is no need for further comment. Just watch the video for yourself.

October 8, 2011 Category: Consumer Debt Crisis

Bank of England: This is the Worst Financial Crisis… Ever

The Governor of the Bank of England says that we are in the worst financial crisis ever. We hate to say it but we actually agree with a central banker right now.

October 1, 2011 Category: Consumer Debt Crisis

FTM Quarterly: A Financial Newsletter by Jerry Robinson

The FTMQuarterly Newsletter is the premier financial publication written by economist Jerry Robinson and his staff. Subscribe now!

September 16, 2011 Category: Consumer Debt Crisis

Gloom and Doom: Consumer Sentiment Plunges to 31-Year Low

Consumer sentiment inched up in early September but Americans remained gloomy about the future with their expectations falling to the lowest level since 1980, a survey released on Friday showed.

August 24, 2011 Category: Consumer Debt Crisis

FTMDaily’s Recommended Resources

Dear Readers,

Enjoy this list of books and other resources that I have put together just for you. You may find these helpful on your journey to financial and spiritual freedom. Thank you for all of your continued support of our work.

CLICK HERE TO SEE THE LIST OF RECOMMENDED RESOURCES

August 5, 2011 Category: Consumer Debt Crisis

U.S. Braces for Possible S&P Downgrade

Editor’s Note: As stocks see their worst week in almost two years, the rating agency Standard & Poor’s may be getting ready to downgrade the credit rating of the United States government. This is no surprise to us. In fact, two days ago, the U.S. public debt shot up over 100% of GDP, according to a news story from AFP. This puts the U.S. in the same category as nations like Japan, Greece, Italy and Ireland, to name a few. Also, Moody’s announced that the U.S. needed to lower the debt-to-GDP ratio to 73% by 2015 in order to ensure the sustainability of the AAA credit status.
KEEP READING

August 2, 2011 Category: Consumer Debt Crisis

$2.4 Trillion: The Largest Debt-Limit Increase in U.S. History

Editor’s Note: The debt compromise which passed the House on Monday evening with a vote of 269-161 is the largest debt-limit increase in U.S. history. In essence, the Federal government just got a blank check. This is no surprise given our current economic state. Despite months of pushing the “Recovery is here” propaganda, even the most crafty of politicians cannot hide the real economic truth from the American people. The ship is sinking and everyone is beginning to notice. With this new debt deal, Washington has at least given itself enough breathing room to glide through the 2012 Presidential election year. The can has been kicked down the road yet again. Really tough decisions lie ahead. It will come in the name of “sacrifice.” It will take the form of higher inflation, slashed spending, and finally gargantuan tax hikes. As I have been saying for years, you must prepare. You have no choice. Don’t fall for the mainstream media’s “blame game.” Right now, it does not matter who is to blame. Wake up from the “Conservative-Liberal” deception. When the Titanic is sinking, the first thing you do is grab your life boat. There will be a time for sorting out the details and placing blame later. The unprepared will remained focused on the politics of the matter. The informed will spend their valuable time preparing their financial gameplans. Its time to turn down the noise and get busy creating a plan.
KEEP READING

August 1, 2011 Category: Consumer Debt Crisis

Visualizing the U.S. National Debt: Debt Stacked in $100 Bills

This weekend, I ran across this unique presentation that attempts to visualize the U.S. National Debt through stacks of $100 bills.

Category: Consumer Debt Crisis

Money As Debt – A Full Length Documentary

Friends, you often hear me talk about the fact that America has a debt-based monetary system. But what exactly does that mean? Watch this video to see how money is debt.

Category: Consumer Debt Crisis

“Last-Minute” U.S. Debt Deal – What to Expect Now

What a surprise! After the mainstream media forced you to watch hours upon hours of coverage on the staged debt ceiling “crisis,” Washington somehow found a way to save their own hides, and pull off a “last-minute” debt deal.
Here’s what to expect now…

July 29, 2011 Category: Consumer Debt Crisis

Friday Reader Q&A: Should I Be Concerned About the U.S. Debt Ceiling?

Q: Jerry, I recently found your book, Bankruptcy of our Nation, while browsing at my local bookstore. I am so glad that I have found you as you seem to be saying so much of what I am feeling deep down. I am almost 58 years old and have a large amount of money in a traditional IRA. I am very concerned about how the current debt ceiling crisis is going to impact it, and my retirement. Should I cash out now and move everything to precious metals and other hard assets? Thanks from a new reader and listener. (Don G., Newark, NJ)

CLICK HERE TO READ JERRY’S ANSWER…

July 13, 2011 Category: Consumer Debt Crisis

Want to Understand the Madness in Washington? Look at the Incentives

Washington continues to fail on a debt deal. The simple goal for Washington right now is to pass a deal that will reduce the deficit. Washington leaders only have one incentive: re-election.

June 27, 2011 Category: Consumer Debt Crisis

Americans Spend at Weakest Pace in 20 Months

Editor’s Note: There is more dreary news coming from an economic report released today by the Associated Press. Consumer spending is at its weakest pace in 20 months, unemployment is up and the stock market was down last week. We expect more bad news to come out as the month closes and the Fed’s QE2 program comes to an end.

June 9, 2011 Category: Consumer Debt Crisis

Clinton in Talks About Possible Move to World Bank

Secretary of State Hillary Clinton has been in discussions with the White House about leaving her job next year to become head of the World Bank, sources familiar with the discussions said Thursday.

June 2, 2011 Category: Consumer Debt Crisis

5 Uncommon Ways to Boost Your Credit Score

Here are five ways you can boost your credit rating.

May 16, 2011 Category: Consumer Debt Crisis

Bankrupt U.S. Government Now Raiding Pensions

In typical fashion, Republicans and Democrats are using the debt ceiling debate to get the upper hand politically in today’s headlines. While “Rome” burns, the lipstick is carefully being applied to the pig.

May 2, 2011 Category: Consumer Debt Crisis

Guest Editorial: My 401k Dilemma

In 2008, our country went through a major financial meltdown. I stood there and watched 17 years of savings diminish. Half of my 401k was gone and my retirement plans went out the window. In September of 2008, I stopped my 401k contributions. I realized that some other plan was needed. As long as people in Washington are salivating over my retirement accounts, I will not contribute one more dime! I would rather buy silver, gold, and other commodities. I would rather be in control of my own retirement. The last thing I want to do is to depend on the government for anything.

April 15, 2011 Category: Consumer Debt Crisis

FTMQuarterly Newsletter – Spring 2011 Issue (PDF)

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March 28, 2011 Category: Consumer Debt Crisis

Riots Engulf Central London as Budget Cuts Come Into Effect

A labor union led protest march in Central London turned violent Saturday as a small group of protesters rioted following the peaceful rally.

March 16, 2011 Category: Consumer Debt Crisis

FTMDaily News Update – Is it Time to Buy Uranium Miners?

On Wednesday, Japan’s central bankers continued flooding the country with a fresh infusion of cash in an attempt to stop the financial bleeding after that nation’s worst earthquake on record.

January 28, 2011 Category: Consumer Debt Crisis

State of the Union: Four Absurd “Solutions” to America’s Debt Crisis

I must admit that as I sat down to watch the State of the Union address last night, I was more hopeful than usual that the President would at least propose a handful of ideas for effectively reducing our budget deficits and our collective national debt.

January 26, 2011 Category: Consumer Debt Crisis

Give Us Your Opinion: Do you think that States should be allowed to file for bankruptcy protection?

An overwhelming 90% of you voted that the debt ceiling should not be raised and instead the Federal government should have to learn to live within its means…

January 22, 2011 Category: Consumer Debt Crisis

What Jerry Thinks: Destroying the Nations With Debt Slavery

A report was released by the World Economic Forum ahead of the organization’s high-profile annual meeting in Davos, Switzerland, which is scheduled for next weekend. According to the report the organization is claiming that the global economy will need access to an additional $103 trillion in “credit” to sustain normal economic growth.

January 20, 2011 Category: Consumer Debt Crisis

The World Economic Forum Calls for More Global Debt Slavery

How will the creation of more “debt” help our debt-ridden global economy? It will not. However, it will directly benefit global financial institutions and the banking community… and that is what matters most these days. The more money they can lend, the more interest they can earn.

January 7, 2011 Category: Consumer Debt Crisis

What Jerry Thinks: Debt and Denial, Washington Style

On Wednesday, newly empowered House Republicans took the reins and opened the 112th Congress to a new era of divided government in the nation’s capitol. Images graced the pages of the print media showing former Speaker Nancy Pelosi handing the gavel, the symbol of power in the Congress, to the apparently humbled Speaker John Boehner.

Category: Consumer Debt Crisis

Give Us Your Opinion: Should Congress Raise The Debt Ceiling For the 11th Straight Time in 11 Years?

This week, I want to know what you think about raising the Congressional debt ceiling. Currently, the national debt ceiling is capped at $14.3 trillion. According to economists, the debt ceiling will need to be raised by March to avoid the government running out of money – and even defaulting.

August 18, 2010 Category: Consumer Debt Crisis

The Perfect Storm: 5 Economic Trends That Every American Should Be Aware Of

America, and its robust economy, has been the envy of nations of the world since the beginning of 20th century. No other country has been as widely admired and emulated as the United States of America . However, through a potent mixture of destructive monetary policies and undisciplined fiscal policies, the country that was once the greatest creditor nation has now become the greatest debtor nation in global history.

July 27, 2010 Category: Consumer Debt Crisis

Austrian Economics in Full Color… and for Free!

I remember the frustration I felt when I enrolled in college to get my second degree. I was stuck between choosing finance and economics. I will never forget the advice given to me by my enrollment counselor. She said: “Finance majors make good money when they get out of school, but economists rule the world.” Needless to say, I chose economics and never looked back.

July 12, 2010 Category: Consumer Debt Crisis

Obama’s debt commission warns of fiscal ‘cancer’

The two leaders — former Republican senator Alan Simpson of Wyoming and Erskine Bowles, White House chief of staff under President Bill Clinton– sought to build support for the work of the commission, whose recommendations due later this year are likely to spark a fierce debate in Congress.