Oct 18 2013

Blue pill of debt exchanges temporary increase in debt for inflation: Taking the blue pill of a fabricated world addicted on debt as US standard of living hits 10-month low.

Most of you have seen The Matrix where Neo is given the choice between taking the blue or red pill.  The red pill would allow Neo to escape The Matrix and enter reality whereas the blue pill would allow him to stay wandering in the fabricated world of the Matrix.  The US government in essence […]

Oct 12 2013

The US cannot avoid a soft default even if a hard default is avoided: Debt ceiling already breached and US Treasury operating in emergency mode while US is paying $415 billion in annual interest expenses.

All the talk has shifted from the government shutdown to the US actually defaulting on outstanding debts.  The markets were in deep fear but the last couple of days rumors that the debt ceiling would be raised put the rocket boosters on the stock market.  Of course, the majority of Americans have little money in […]

Oct 8 2013

Nothing left to financially lose: Biggest drop in confidence since Lehman Brothers and why some are unmoved by government shutdown.

The government isn’t the only thing that shutdown.  Economic confidence in the US has also apparently shutdown as well.  Many people, in particular those in the media, seem perplexed as to why and how this can happen.  Unfortunately the current financial system has disenfranchised a large number of Americans.  Enough to the point that politics […]

Sep 25 2013

Debt serfdom via student loans: A new class of indentured servants now carry the $1.1 trillion student loan bubble and cracks are already plaguing the system.

$1.1 trillion.  That is the amount of student debt being carried on the backs of millions of Americans.  Student debt has become a rite of passage for many young Americans.  In fact, many Americans establish their first credit line with student debt as they enter college.  The crisis is large and has a direct connection […]

Sep 17 2013

A road to unsustainable debt: CBO reports that US is on unsustainable budget course as spending exceeds revenues.

A recent CBO report came out with a rather sobering outlook of our governmental spending habits.  The word “unsustainable” is probably not something you want uttered in a report about meeting a budget.  Yet that has been our recent trajectory when it comes to spending.  The massive financial crisis and subsequent bailouts have resulted in […]

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