Posts Tagged ‘Credit Card Debt’
Fed Induced Deflation?
In my books, “Economic Consequences” (2011), “New Retirement Rules” (2014, first edition), and “Revenue Sourcing” (2020), I reiterated the forecast of founding father, Thomas Jefferson, who suggested that if the American people ever allowed private banks to control the issue of the currency, the country would experience inflation, followed by deflation. Ever since…
Read MoreVery Disturbing Credit Card Data
Previously, I have written about increasing debt levels in the country among those in the private sector. In short, private sector debt levels have been increasing; specifically, credit card debt has been rising very quickly. Rapidly increasing levels of credit card debt had me concluding that Americans were increasingly dealing with rapidly rising…
Read MoreEconomic Red Flag: Private Sector Debt
Recently, I wrote about the fact that the wealthy were cutting back on spending and it seemed that the middle class was going into debt to fund some of its lifestyle. An article in “The Wall Street Journal” this week confirms this trend. (Source: https://www.wsj.com/articles/families-go-deep-in-debt-to-stay-in-the-middle-class-11564673734?mod=e2fb&fbclid=IwAR094GG5xSD2UFvfynEtOpd2et7Zh8L2zIgkhUs_7nIInez21d61-RTSIHg) The article points out that medical care, college, houses and…
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