American consumers are borrowing again, and creating records like it’s nobody’s business. The Federal Reserve said in a new report Monday that total borrowing surged $24.5 billion, up from $16.2 billion in October. This is the fastest pace that debt has climbed in three months. In total, United States consumer debt has soared to a […]
Archives for January 2017
Jim Rogers: Dump China, invest in Russia during Trump era
Is it time to invest in the Russian economy? According to one legendary billionaire investor, you should forget China and instead place your bets on Russia. Speaking in an interview with CNBC on Monday, Jim Rogers, chairman of Rogers Holdings and bestselling author of “Hot Commodities,” noted that he is long the ruble and Russian […]
Christopher Hitchens explains why you should never trust the CIA
All of a sudden, everyone trusts the Central Intelligence Agency (CIA) and its claims that the Russian government hacked the United States presidential election. Despite being swamped in lies, deceit and chicanery, the likes of Michael Moore are believing everything the CIA, the National Security Agency (NSA) and the entire U.S. intelligence community say without […]
Pope Francis advocates world central bank, warns loss of sovereignty
Pope Francis and the Vatican are urging the establishment of a world central bank in order to “stabilize world finance” and reduce income inequality. Submitted through the Vatican’s Office of Justice and Peace, the 18-page document entitled “Towards Reforming the International Financial and Monetary Systems in the Context of a Global Public Authority” calls for […]
Are liberals becoming libertarian in the Trump era?
Since the election of Donald Trump, the left has been surprisingly espousing some libertarian ideas. Time magazine is urging 65 million Americans to avoid paying taxes, liberals are urging civil disobedience of the United States president and suddenly some of the so-called anti-war left are opposing war (though, Trump hasn’t even been inaugurated yet). This […]