Economy Cracking: Retail Sales Tank
Manufacturing slowdown starting to bleed into consumer side of economy
Tag: credit
Drop in Credit Card Debt Rocks Wall Street Pundits
Americans still owe over $1.7 trillion in credit card debt
Prof Warns: Social Credit to Shift Law ‘From Constitution to Analytics, Algorithm’
Artificial Intelligence steadily taking over society
Americans Driving Economy Along With Money They Don’t Have
Consumer debt hits another record
Rubio Raises Alarm on China’s “Surveillance Empire”
Slams misuse of facial recognition software
Consumers Propping Up Economy With Money They Don’t Have
Economic growth driven by debt
Chase Bank Forgives “All Outstanding Credit Card Debt” for Canadian Customers
People can’t believe their luck
Credit Card Charge-Offs Remain at Recession-Era Levels Despite “Booming” Economy
Smaller banks getting bogged down in losses
Most Americans Won’t Be Paying Off Their Credit Cards Anytime Soon
America’s booming economy built on working-class debt
China’s Social Credit System Blocking Tens of Millions of Plane, Train Tickets
Ruling Communist party using AI to spy on billions
China Bans Millions From Flights, Trains in Social-Credit Crackdown
Government blacklists people it deems untrustworthy
The 5 Steps to World Domination
World Domination–it has a nice ring, doesn’t it? Here’s how to achieve it in 5 steps: 1. Turn everything into a commodity that can be traded on the global market:land, leases on land, options to purchase land, houses, buildings, rooms…
Powerlessness and Consumerism
There is perhaps no better metric of class in America than personal power–what is known as agency: the power to influence or transform one’s circumstances in a a self-directed manner. Those with agency have power, those without agency (or very limited agency)…
Why Our System Is Broken: Cheap Credit Is King
Cheap credit–newly issued money that can be borrowed at low rates of interest–is presented as the savior of our economic system, but in reality, it’s why our system is broken. The conventional economic pitch goes like this: cheap credit enables…
Why the Massive Expansion of “Money” Hasn’t Trickled Down to “The Rest of Us”
There are numerous debates about money: what it is, how we measure it, and so on. In recognition of these debates, I’m referring to “money” in quotes to designate that I’m using the Federal Reserve’s measure of money stock (MZM).…