Stop Ignoring It! Our Debt Is Sinking our Nation

America is the Titanic  and our debt is an iceberg. The Sovereign Man blog points out: “Five complete lies about America’s new $18 trillion debt level.” On October 22, 1981, the government of the United States of America accumulated an astounding $1 TRILLION in debt. At that point, it had taken the country 74,984 days (more than 205 years) to accumulate its first trillion in debt. It would take less than five years to accumulate its second trillion. And as the US government just Read more […]

Stock Market Debt: Beware the Bear!

A picture of stock market debt is worth 1000 words—I’ll be well below that. The markets are hitting new highs. Is it because the economy is performing so well, or is there another explanation? Check out the amount of borrowed money (the red measurement) that has accompanied the recent ascent to new highs (the blue line). [See also, “Does Stock Market Euphoria Mean A Better Economy? Americans Aren’t Buying It.”] All of the Fed’s “funny money” has been doing its primary job: Read more […]

The Stock Market Crash Could Cut Values in Half

Not everyone will call yesterday’s drop a stock market crash… yet. But now it is admitted that a crash might be a reality. Henry Blodgett begins his post in Business Insider by saying that he is not predicting a crash: After meandering higher for most of the year, the stock market is now sputtering. That’s triggering chatter about a minor “correction,” which many people believe is long overdue. And maybe that’s what we’re at the start of, a minor correction. Or maybe this is just a blip, Read more […]

Is the Financial System Now More Unstable Than in 2007?

We “solved” a debt-crisis by taking on additional debt. Why, with economic brilliance like that, what could possibly go wrong?!? I mean, when we don’t make enough to cover the mortgage and credit card payments don’t all of us rush out and add three more loans to the mix? If you don’t understand the wisdom in that, you must not be a high-powered, overpaid banker or economist!! There’s also this little problem of financial derivatives—some estimates put the notional amount at $1.4-quadrillion Read more […]

Is the Bubble about to Burst?

Do you own any stocks or mutual funds? If so, you really should read and ponder this article. From the Sovereign Man blog: Lord Overstone said it best. “No warning can save people determined to grow suddenly rich.” Case in point– CYNK Technology Corp, a listed company that as of this morning has a market capitalization in excess of $1 BILLION. According to official filings, the social media development company had one employee, no website, no revenue, no product, and no assets. What Read more […]