Category Archives: Consumer Bankruptcies
Bankrupt America: Bankruptcy Soars As The Country Grapples With An Unprecedented Debt Problem
via the economic collapse blog Be prepared for the next great transfer of wealth. Buy physical silver and storable food. America, you officially have a debt problem, and I am not just talking about the national debt. Consumer bankruptcies are surging, corporate debt has doubled since the last financial crisis, state and local government debt […]
Breaking Bad (Debt) – Episode One
Submitted by Jim Quinn via The Burning Platform blog, “At this juncture, the impact on the broader economy and financial markets of the problems in the subprime market seems likely to be contained.” – Fed chairman, Ben Bernanke, Congressional testimony, March, 2007 “Capitalism without financial failure is not capitalism at all, but a kind of […]
ZeroHedge: US Consumer Bankruptcies Jump By Most In Three Years; Third-Party Collections At All Time High
Be prepared for the next great transfer of wealth. Buy physical silver and storable food. Something funny happened on the road to the epic consumer balance sheet cleansing and subsequent releveraging (without which there can be no actual non-Fed sugar high fueled recovery): the second quarter. And specifically, as the Fed just disclosed in its […]
10 Numbers That Prove That America’s Current Financial Condition Is A Horror Show
via the economic collapse blog Be prepared for the next great transfer of wealth. Buy physical silver and storable food. America’s long-term “balance sheet numbers” just continue to get progressively worse. Unfortunately, since the stock market has been soaring and the GDP numbers look okay, most Americans assume that the U.S. economy is doing just […]