In the entire history of the United States, consumers have never been in so much debt. And that would not be a crisis as long as the vast majority of us were regularly making our debt payments, but as you will see below delinquency levels are starting to rise to extremely alarming levels. In fact, some of the numbers that are coming in are even worse than we witnessed at any point during the last recession. If things are this bad already, what are they going to look like once the economy really gets bad? Because even though it appears that we are heading into a new recession, according to the Federal Reserve it has not officially begun yet. That means that much worse is yet to come. Just like last time, millions of Americans will likely lose their jobs, and without an income most of those that suddenly find themselves unemployed will not be able to pay their bills. The stage is set for the largest tsunami of consumer debt defaults that this country has ever seen, and that will absolutely devastate major financial institutions all across America. (Read More...)
Payments
50 Actual College Course Titles That Prove That America’s Universities Are Training Our College Students To Be Socialists
What in the world are they teaching to our young people? As you go through the list of college course titles below, I am sure that many of you will be completely shocked. Most parents assume that they are sending their children to college to get prepared for their future careers, but the truth is that a lot of our major colleges and universities have become little more than indoctrination centers for progressive thought. Our college students are literally being systematically trained to be socialists, and it is working. According to a brand new Harris Poll that was just released, 37.2 percent of all Americans “prefer living in a socialist country”. But for Millennials and Generation Z combined, that figure is 49.6 percent. That means that essentially half of our young adults want to be socialists, and that has enormous implications for the future of our society. (Read More...)
29 Shocking Facts That Prove That College Education In America Is A Giant Money Making Scam
College education in the United States has become a cruel joke. We endlessly push our high school kids to invest tens of thousands of dollars and at least four years of their lives to get a college education because they won’t have any sort of a “future” without it. So they sign up for decades of debt slavery and spend years listening to pompous windbags fill their heads with utter nonsense. The sad truth is that most college courses are a total joke and they do very little to actually prepare those students for the real world. I know – I attended public universities in the United States for eight years. Most college courses are so easy that the family dog could pass them. When they finally graduate, our young people discover that they were lied to all along. The promised “good jobs” are not there for most of them, but the huge debts that they committed themselves to will follow them around permanently. When you are just starting out and you are not making a lot of money, having to make payments on tens of thousands of dollars of student loan debt can be absolutely crippling. This is why I say that college education in America is a giant money making scam. Our young people are seduced by the idea of college being a five year party that will provide an automatic ticket into the middle class, but the reality is that the only guarantee is that it is a ticket to serfdom unless you have wealthy parents that are willing to foot the bill for you. And bankruptcy laws have been changed to make it incredibly difficult to get rid of student loan debt, so once you have signed up for student loan debt slavery you are basically faced with two choices: either you are going to pay it or you are going to die with it. (Read More...)
The Last Housing Crash Is Not Even Over But Bernanke Is Already Setting The Stage For The Next One
Federal Reserve Chairman Ben Bernanke is determined to push mortgage rates to record low levels and he is encouraging the banks that the Fed regulates to make home loans more freely. Wait a second – isn’t that exactly what caused the last housing bubble? After 9/11, the Federal Reserve slashed interest rates and this caused mortgage rates to steadily fall. Financial institutions were urged to help “expand home ownership” in America, and many of them started making home loans to people who never, ever should have gotten home loans. When mortgage rates started to go back up, millions of families with adjustable rate mortgages discovered that they could not make their monthly payments. Mortgage delinquencies absolutely soared and large numbers of mortgage-backed securities suddenly turned into garbage. So what is the Fed doing about it? The Fed recently announced another round of quantitative easing in which it will buy 40 billion dollars worth of these mortgage-backed securities a month. Essentially the Fed is clearing the bad financial paper out of the system and is creating the conditions for another housing bubble. But will we really fix our problems by going back and doing the same things that got us into trouble in the first place? (Read More...)
Aborted Babies Are Being Chopped Up And Sold To Researchers All Over America With The Full Approval Of The Obama Administration
Did you know that aborted babies are being chopped up and sold to medical researchers all over America? There is a federal law which is supposed to ban this practice, but it contains a gigantic loophole that abortion clinics are using to sell huge amounts of aborted baby parts to the scientific community. The loophole in the federal law allows “reasonable payments associated with the transportation, implantation, processing, preservation, quality control, or storage of human fetal tissue.” But there are no guidelines as to what those “reasonable payments” should be and the Obama administration is not about to start prosecuting abortion clinics. So aborted baby parts from American babies will continue to be very quietly sold for profit to medical researchers and most Americans will never hear anything about it. But future generations will look back in horror at what we allowed to be done right under our noses. (Read More...)