You know a debt bubble is getting ready to burst when even the Federal Reserve starts raising the alarm about it. Judging by the Federal Reserve Bank of St. Louis' “On The Economy” blog in recent months and accompanying data from the St. Louis Fed-run Federal Reserve Economic Data (FRED) database, student loan debt is one of the top issues facing the American economy at the moment. And they're right.
The case is made in a series of increasingly hand-wringy posts pretending to fret about the reasons that student loan debt is spiraling out of control. “What’s Behind the Default Rate on Student Loans?” ponders one. “Is Student Debt Jeopardizing the Short-Term Financial Health of U.S. Households?” wonders another. “The Share of Borrowers with High Student Loan Balances Is Rising,” warns a third. Some of the insightful analysis to be found in these pieces include the observation that success in school and success in the labor market determine whether someone is likely to default on their student loans (well, duh), and, even more incredibly inane, the observation that “outstanding student debt may jeopardize the...
Like common brigands, central banks have been acting outside the law – their only real excuse being the supposedly higher purpose of economic necessity, a sort of Robin Hood-type operation where the ends justify the means...
...we have a direct role to play in choosing whether we want to remove the banksters' gun from the economy's head or whether we want to load the chamber and cock the hammer.
Dwight Eisenhower proved to us that the US isn’t beneath causing fake uprisings and assassinating heads of state... My suspicion is that we’re going to see an 'event' soon that gets all the blame for the US crashing.
The new law would require banks to compensate borrowers for their unilateral increases in interest rates and fees over the past decade. The law will cost the banks involved in these loans billions of dollars.
...the banking industry tied OMFIF's recent report on 'Global Public Investors' found that central banks and other large public sector institutions account for a staggering $29 trillion of investments in the markets, involving ownership of assets equivalent to 40% of world output.
The Times is bold to openly admit a dangerous truth: no matter what the data says, the economic elite are wary of returning to a “normal” economy because, quite frankly, people are easier to rule over when they're scared.
Rating agencies as the secret weapon of 21st century warfare. For years critics have made the argument that the entire 2008 financial crisis would never have happened without the active collusion of the ratings agencies in giving their AAA prime rating to the toxic mortgage-backed securities that were at the heart of the subprime meltdown.
That the German people seem to be better informed about the evils of the Fed than Americans may be surprising... but there may be a logic to it. After all, this is the country where a growing grassroots movement called “Repatriate Our Gold” arose in 2012 to force the Bundesbank to announce that they would indeed repatriate 674 tons of their gold holdings at the New York Fed by 2020.
How pipelines will determine economics and geopolitics in the next decade... Confused? Overwhelmed? Dizzy? Don't worry, you should be. In fact, if any of this makes sense to you you might want to consider becoming a consultant, because there are plenty of politicians, foreign policy analysts, geopolitical commentators and others whose radar these stories don't even appear on.
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The creator of the International Forecaster, Bob Chapman.