(Mike LaChance) Joe Biden is reportedly preparing to cancel student loan debt for borrowers up to $10,000 per person.
debt
Outrageous: Biden Lies and Says He Brought Down the Deficit in 2021 After Adding $3 TRILLION in New Debt (VIDEO)
(Jim Hoft) On Tuesday Joe Biden delivered a weak and dishonest attempt to blame anyone but himself and the Democrat Party for the record inflation in America today.
Shocking Consumer Credit Numbers: US Credit Card Debt Soars Most On Record With Savings Long Gone
(Tyler Durden) While it is traditionally viewed as a B-grade indicator, the November consumer credit report from the Federal Reserve was an absolute stunner and confirmed what we have been saying for month: any excess savings accumulated by the US middle class are long gone, and in their place Americans have unleashed a credit-card fueled spending spree.
Clown World: D.C. Elites Consider Minting ‘Trillion-Dollar Coin’ to Game Debt Limit
(News Editors) WASHINGTON (AP) — Some politicians think they’ve found a silver bullet for the impasse over the debt limit, except the bullet is made of platinum: Mint a $1 trillion coin, token of all tokens, and use it to flood the treasury with cash and drive Republicans crazy.
Government Debt Is Taxation Without Representation
(Brian McGlinchey) With Thursday’s passage of a continuing resolution that funds government operations until December 3rd, Congress dodged one fiscal cliff, but a bigger one looms ahead. The federal government has maxed out its credit, and if Congress doesn’t raise the statutory debt ceiling by October 18, the Treasury won’t be able to cover all of Uncle Sam’s obligations.
Destroying the Economy – Democrat’s Hope to Pass $5.4 Trillion in New Spending And Yet the Debt Limit Is Not Addressed
(Joe Hoft) The Democrats are planning to pass $5.4 trillion in new spending this week and yet the debt ceiling is busted and inflation is sky-high.
Visualizing The Snowball Of Government Debt
(Tyler Durden) As we approach the second half of 2021, many countries around the world are beginning to relax their COVID-19 restrictions.
The Global Debt Problem
(Alasdair Macloed) It has been recently estimated that global debts stand at $284 trillion equivalent, representing 355% of global GDP. Estimates such as these must be treated with caution, and they probably underestimate financial sector debt. Furthermore, no allowance in these figures is made for OTC derivatives, which according to the Bank for International Settlements have a gross value of $15.48 quadrillion(!), netting out at $609 trillion.
Situation Update, Feb 1 – Populist Financial Uprising May Tear down the Entire Rigged System – Naturalnews.Com
(Mike Adams) The silver lining for the events of the last year is that huge numbers of people are awakening to fact that everything is rigged
U.S. Debt to Exceed Size of Economy for 1st Time since WWII
(Edward Morgan) Driven by the multi-trillion-dollar emergency relief packages in response the coronavirus, the U.S. deficit is expected to be $3.7 trillion in 2020, according to the Congressional Budget Office.
IMF Executive Board Approves Immediate Debt Relief for 25 Countries
(Justin Deschamps) The International Monetary Fund recently stated it would institute a coronavirus relief policy, totaling $500 million for debt relief. The relief is in the form of a grant, specifically to be used by nations that are having difficulty in paying their IMF debt obligations. This sounds good on the surface, but I would argue it is a token gesture that offers only short term help without addressing the grander issue of economic fallout due to the global pandemic.
Powerful New Video: You Are the Slave Property of a Corporation Called the United States of America
(Mike Adams) Today we’ve published a powerful new video on Brighteon.com that explains how you are a “slave wage worker” owned by a globalist corporation known as the United States of America.
Millennials With Student Debt Are Getting Crushed The Most In These Ten Cities
(Zero Hedge) SmartAsset, a personal finance technology company, has published a new study that identifies certain US metropolitan areas with the highest student loan balances.
Billionaire Who Promised To Pay Off College Students’ Debt Is Tackling Their Parents’ Debt, Too
(Mandy Froelich) Good news! In May of this year, multi-billionaire and philanthropist Robert F. Smith.pledged to pay off the student loan debt of an entire graduating class. Now, he’s intent on paying off the debt of the students’ parents, as well!
Debt Bombs: Here Are The States With The Most Debt
(Zero Hedge) According to a new report from Truth in Accounting, the most-indebted states include New Jersey, Illinois, Connecticut, Massachusetts, Hawaii, Delaware, Kentucky, California, and New York.