Debt

Deadbeat Nation: 37 Million Credit Card Accounts In The U.S. Are “Seriously Delinquent” Right Now

Is the consumer debt bubble finally starting to burst?  If the latest numbers on delinquent credit card accounts are any indication, that appears to be precisely what is happening.  As I noted the other day, Americans currently have 480 million credit cards, and they are carrying 870 billion dollars worth of balances on those cards.  That is one giant pile of debt, but there won’t be a problem as long as the vast majority of Americans regularly make their credit card payments.  Unfortunately, the number of credit card accounts that are delinquent has been steadily rising, and now we are being told that the number of “seriously delinquent” accounts has shot up to 37 million… (Read More...)

Rural Sheriff’s Ominous Warning To Citizens: “LOCK YOUR DOORS, LOAD YOUR GUNS AND GET YOU A BARKING, BITING DOG”

Is this a sign of what is coming for the rest of the nation?  In Martin County, Kentucky times are very tough right now.  Thanks to severe budget cutbacks, there are only two paid law enforcement officers covering a deeply impoverished 231-square-mile area that sits right in the heart of America’s raging opioid crisis.  Needless to say, Martin County Sheriff John Kirk feels greatly outnumbered by the thieves, sexual predators and drug dealers that he has to contend with on a daily basis, and he recently issued a very ominous warning to the citizens of his county… (Read More...)

Sorry AOC, A Stunning New Poll Has Found That Public Support For Capitalism Is Growing In America

The meteoric rise of Alexandria Ocasio-Cortez and other young progressive politicians has led many to believe that the American public must be warming up to socialism.  But what if that isn’t true at all?  Certainly there is a certain segment of the population that absolutely embraces the message that AOC, Bernie Sanders, Elizabeth Warren and other socialists are preaching, but could it be possible that the American people as a whole are actually moving in the opposite direction?  According to a shocking Fox News poll that just came out, the percentage of Americans that want the government to leave them alone is going up, and the percentage of Americans that want the government to lend them a hand is going down… (Read More...)

This Is The Reason Why The Left Hates Mike And Karen Pence With A Passion…

Mike Pence is the most hated vice-president in modern American history, and mountains of abuse have been heaped upon his wife Karen Pence.  The left hates them with a passion, and the reason they are hated so much is actually very simple.  It is because they are Bible-believing Christians.  In America today, there is so much fuss about the political rancor between “the right” and “the left”, but what we are facing in this country is so much deeper than that.  In reality, we are in the midst of a culture war that has been raging for decades, and the anti-Christian worldview that the left espouses has been winning that war.  But now Donald Trump and Mike Pence are attempting to reverse the tide of the battle, and this is driving the left nuts.  And even though Mike Pence is a very mild-mannered individual, celebrities such as Lady Gaga and Joy Behar have made national headlines by viciously attacking his Christian faith. (Read More...)

Global Inequality Explodes: 26 Ultra-Wealthy Billionaires Now Have As Much Money As The Poorest 3.8 Billion People

If you add together all of the money owned by the poorest 3.8 billion people living on this planet, it would roughly equal the wealth controlled by the 26 wealthiest men in the world.  Oxfam has just issued a brand new report on global inequality, and what they have discovered is making headlines all over the globe.  The rich just keep getting richer, and meanwhile the slice of the pie owned by the poor just keeps getting smaller.  Today, almost half the world lives on less than $5.50 a day, and approximately 795 million people “do not have enough food”.  And even in a “wealthy country” like the United States, the gap between the rich and the poor is the largest that it has been since the 1920s, and more than half a million Americans are homeless right now.  This growing inequality is a ticking time bomb, and at some point it is going to explode. (Read More...)

2019: It Is Going To Be Much Worse Than You Think…

The beginning of a new year is supposed to be all about hope, right?  And I would certainly like to tell you that 2019 is going to be America’s best year ever and that everybody is going to receive a double portion of blessing, prosperity and happiness, but that simply would not be true.  Unfortunately, the truth is that the elements for a “perfect storm” are rapidly coming together and 2019 is going to be an exceedingly challenging year.  Of course 2018 wasn’t exactly a wonderful year either.  I really like how Dave Barry made this point in his most recent article… (Read More...)

Is It Okay That Christmas Is All About Materialism?

How would you feel about Christmas if there were absolutely no gifts at all?  That may sound like a very strange question, but I think that it is a very important one, because the truth is that our biggest holiday of the year by far is all about materialism.  According to ABC News, the average American will shell out $700 for Christmas presents in 2018, and the National Retail Federation is projecting that total Christmas spending will surpass $465,000,000,000.  Only 25 countries on the entire planet have a GDP that is greater than that number.  Ultimately, Christmas is defined by what we give and what we get, but is that actually healthy? (Read More...)

The Next U.S. Housing Crisis Has Arrived: Existing Home Sales Post Their Biggest Decline In 4 Years

Things just continue to get even worse for the U.S. housing industry.  New homes sales have been absolutely plummeting, homebuilder stocks have lost over a third of their value, and existing home sales just posted their biggest decline since 2014.  For years, we had been witnessing a real estate boom in the United States, but now that has officially ended.  It is starting to feel like 2008 all over again, and many of those that work in the industry are really starting to freak out.  The Federal Reserve has been aggressively raising interest rates, and it is having the exact same effect on the housing industry that it did just before the last recession. (Read More...)