AOC’s ‘New Green Deal’ Is Stunningly Absurd – LewRockwell

AOC’s ‘New Green Deal’ Is Stunningly Absurd – LewRockwell
— Read on www.lewrockwell.com/2019/02/mike-mish-shedlock/aoc-new-green-deal-stunningly-absurd-far-more-ridiculous-than-expected/

Socialism and big government solutions to problems created by big government. JohnBarleycorn

Student Loans – The Economic Time Bomb | Armstrong Economics

Trump should reverse what the Clintons did to student loans. He should RESTORE the right to go bankrupt. This huge problem was created by the Democrats who exempted student loans from normal protection for consumers. In addition, the bankers then exploited the entire issue by getting parents to co-sign. The entire argument for eliminating the right to go bankrupt was that they had no collateral. The FRAUD here is the bankers managed to get the Democrats to hand students to them on a silver platter. Then they then pulled a fast one by demanding parents co-sign. That way, they can take their parents’ house. The scary thing is that the generation of Americans over 60 years of age is on the hook for worthless degrees, owing $86 billion in student loan debt. True, some of these people owe for degrees they themselves obtained in hope of getting a better job. They have discovered that the degrees mean nothing and their age tends to scare companies because of pensions. The bulk of these people in the 60+ group had their kids late in life and co-signed for their children of which 40% are still living at home. Interest rates are not cheap and run from 5.05% to 7% annually. Compound that out and you will nearly double the cost of a degree by interest in 10 years. A number of major companies NO LONGER require a degree. Here are just a few. BTW – neither do we. Google Ernst and Young (EY) Penguin Random House Costco Wholesale Whole Foods Hilton Publix Apple
— Read on www.armstrongeconomics.com/markets-by-sector/interest-rates/student-loans-the-economic-time-bomb/

The only hold out will be the government. That will mean our government will be infested with brainwashed college graduates. John barleycorn

Brexit & Pi | Armstrong Economics

We are approaching 31.4 months this February from the original Brexit referendum on June 23, 2016.After such a period, the British government’s incompetence is shining through. The EU wants a hard border in Ireland all because they fear that goods could creep from the North to the South without them getting their hands on taxes. Meanwhile, Scotland keeps pushing for a separatist movement because the politicians there are also brainwashed to believe leaving the EU is somehow bad. Yet, most of their trade in the UK represents such a small portion of GDP. If Scotland took such a step, the EU would also demand a hard border for taxes. It always boils down to money for politicians. They can’t help it. Government creates ZERO wealth and are called “public servants” because they live off of the private sector who creates national wealth.
— Read on www.armstrongeconomics.com/international-news/britain/breixt-pi/

The bottom line in this article is the crux of the biscuit. JohnBarleycorn

Hell has Actually Frozen Over | Armstrong Economics

There is a town named HELL in Michigan. It has actually frozen over. There were more than 3,600 flight cancellations and more than 14,867 delays. This extreme cold weather coupled with the shutdown will mean that the 1st quarter numbers in the US economy will also turn down sharply. Temperatures dropped into the mid 40s here in Tampa and I went to the movies to see a feature and there were at best 8 people and nobody on the road even down here. Power companies have been asking even General Motors to suspend production due to extreme temperatures. While Hell freezes over, the GDP of the US economy will decline and that is very bad news for the rest of the world that depends on selling things to American consumers – especially cars. I suppose we failed to drive our cars enough to warm things up or it must be a new secret weapon of Russia that the Democrats can investigate and somehow link to Trump.
— Read on www.armstrongeconomics.com/world-news/climate/hell-has-actually-frozen-over/

Who Bought the Gigantic $1.5 Trillion of New US Government Debt Issued over the Past 12 Months? | Wolf Street

Who Bought the Gigantic $1.5 Trillion of New US Government Debt Issued over the Past 12 Months? | Wolf Street
— Read on wolfstreet.com/2019/01/31/who-bought-the-gigantic-1-5-trillion-of-new-us-government-debt-over-the-past-12-months/

This is the issue that will eventually bring this country to its knees. This is more money than people can fathom, let alone the interest we pay on it. Politicians are still spending more money than we take in, and this will end badly.

The only way out for all of these countries with massive debt like ours will either be a default or the globalist banking cabal creating a global currency and forgiving all debt. Either way this ends badly, especially for the most vulnerable. JohnBarleycorn