Since the creation of the Federal Reserve System in 1913, the dollar has lost 95% of its value, as money (debt) has been created in response to demand for credit. Following the demise of the Bretton Woods agreement in 1971, …
Borrowing 'Til We Drop: The Government Debt Bomb
Consumers are actually getting some religion. Let’s hope they get good and fit before our government hits the wall.
winterspeak.com: Too much debt
US Households cannot afford their current housing stock and have taken on more debt than they can service out of income. At the same moment, the Obama administration is taxing 30% of these same households’ incomes and giving them to …
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