In an economy based on borrowing, i.e. credit a.k.a. debt, loan defaults and deleveraging (reducing leverage and debt loads) matter. Consider this chart of total credit in the U.S. Note that the relatively tiny decline in total credit in 2008…
A number of systemic, structural forces are intersecting in 2016. One is the failure of high finance to fix the global economy’s systemic problems. The operative conceit of the past 7 years has been that high finance can fix whatever’s…
A number of systemic, structural forces are intersecting in 2016. One is the end-game of debt-fueled “growth.” We can summarize the official “solution” to the Global Financial Meltdown of 2008 in one line: borrow and blow trillions–of yen, yuan, dollars,…
Despite a ceaseless propaganda campaign declaring all is well with the U.S. economy, the Status Quo is fragile–and voters know it. Not only do they know the economy–and their financial security–is one crisis away from meltdown, they’re also fed up…
If we define Christmas as consumer spending going up while earnings are going down, 2015 will be the last Christmas in America for a long time to come. In broad brush, Christmas (along with all other consumer spending) has been…
Centrally issued money optimizes inequality, monopoly, cronyism, stagnation, low social mobility and systemic instability. If we don’t change the way money is created and distributed, wealth inequality will widen to the point of social disorder. Everyone who wants to reduce…
‘Now, more than ever, it may pay to be wary of accepting just any old friend request online. Facebook recently filed a patent stating that a person can be denied a loan based on the credit history of contacts online. Flowers float in the sea after they were thrown into the Mediterranean in honor of […]
The post Careful Who You ‘Like’: Lenders Could Deny Loans Based on Facebook Friends appeared first on David Icke.
‘The game is afoot to eliminate CASH. According to reliable sources, Maestro is seriously under attack. In Germany, Maestro was a multi-national debit card service owned by MasterCard and founded in 1992. Maestro cards obtained from associate banks and can be linked to the cardholder’s current account, or they can be used as prepaid cards. […]
The post The Cashless Society: Germany Replacing Bank Cards and Eliminating Cash Withdrawals appeared first on David Icke.
‘To seek a high credit score or a life without debt, that is the question. When seeking a high credit score, you must make sure to have a perfect-payment history, stability on your job, an expanding credit history, and available credit you carefully use and repay. To get started, financial planners will recommend that you […]
The post Good Credit or Debt-Free Living – Which Do You Prefer? appeared first on David Icke.
‘The European Central Bank (ECB) intervened again Friday to prop up Greece’s banks, as savers, fearing their imminent collapse, withdrew record amounts of deposits. Following the collapse of talks between Greece and its creditors—the European Union (EU), the ECB and the International Monetary Fund (IMF)—over the terms of a further spending cuts programme, billions of […]
The post European Central Bank Extends Credit on Fears of Greek Bank Collapse appeared first on David Icke.
Borrowing in USD was risk-on; buying USD is risk-off. There is a lively debate about the global demand for U.S. dollars: Global finance faces $9 trillion stress test as dollar soars (Telegraph.co.uk) Is There a US$ Shortage? Will it Sink…
Those who refuse debt, regardless of the sacrifice, are starving the parasitic, exploitive machine; those with debt are feeding it. We hear a lot about debtors, and very little about undebtors. I define an undebtor as an individual or entity…