Author Archives: admin

Average US Taxpayer Spent $1,087 on Pentagon Contractors in 2022

“The main message? Our government is continuing to invest too much in the military, and in militarized law enforcement, and not nearly enough on prevention, people, and our communities.”

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Fiscal Insanity: The Government Borrows $6 Billion a Day, and We’re Stuck with the Bill!

We’re not living the American dream. We’re living a financial nightmare. The U.S. government is funding its existence with a credit card. The government – and that includes the current administration – is spending money it doesn’t have on programs … Continue reading

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When does it end???

When a few mid-sized US banks suddenly went belly-up last month, the bond market made its feelings known — and with gusto. Two-year Treasury yields slid a percentage point over three days, the most since 1982. For traders accustomed to … Continue reading

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Jamie Dimon says the banking crisis is not over and will cause ‘repercussions for years to come

The stress on the financial sector caused by two bank failures in the United States last month is still a threat and should be addressed by a reimagining of the regulatory process, according to JPMorgan Chase CEO Jamie Dimon. “As … Continue reading

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More Than Half of Americans Wouldn’t Be Able To Afford Their Bills and Groceries If They Lost Their Job

What would be your immediate concern if you lost your job? In a GOBankingRates survey polling 1,002 Americans, more than half of overall Americans said they wouldn’t be able to afford their basic bills and groceries. Let’s take a look … Continue reading

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Banks Are in Turmoil but a Bigger Financial Crisis May Be Brewing Elsewhere

The International Monetary Fund warned this week of “vulnerabilities” among so-called non-bank financial institutions, saying global financial stability could hinge on their resilience. The Bank of England called attention to the same issue last month. And global investors surveyed by … Continue reading

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4 Tips for Financial Stability from Noah Webster

With inflation, prices, and bank failures all on the rise these days, many of us are looking anxiously toward our pocketbooks and wondering what we’ll do when the financial crisis inevitably hits. Will we have to start over with our … Continue reading

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The Global Banking System Is Truly In Uncharted Territory…

– and They Are Making Up The Rules As They Go Along Fear is in the air. In recent days we have seen a level of panic that we have not witnessed since 2008, and in such an environment people … Continue reading

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Pride and Death

“The world would be better off if people tried to become better. And people would become better if they stopped trying to become better off. For when everybody tries to become better off, nobody is better off. But when everybody … Continue reading

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‘Most U.S. banks are technically near insolvency, and hundreds are already fully insolvent’

Bank-sector stress makes a stagflationary debt crisis more likely and potentially more severe Duration risk hammered Silicon Valley Bank and seems to have been lost on many bankers, fixed-income investors and bank regulators. In January 2022, when yields on U.S. … Continue reading

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