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Debt will be the downfall of our global economy…
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.
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.
Here’s a round up of the some of the latest shocking numbers detailing the continuing bankruptcy of our nation.
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?
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.
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.
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.
Here’s 10 alarming statistics about consumer debt in the United States.
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.
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.
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.
The FTMQuarterly Newsletter is the premier financial publication written by economist Jerry Robinson and his staff. Subscribe now!
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.
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.
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.
This weekend, I ran across this unique presentation that attempts to visualize the U.S. National Debt through stacks of $100 bills.
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.
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…
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)
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.
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.
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.
Here are five ways you can boost your credit rating.
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.
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.
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A labor union led protest march in Central London turned violent Saturday as a small group of protesters rioted following the peaceful rally.
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.
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.
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…
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.
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.
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.
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.
People who understand the keys to success have a sunnier outlook.