Because of the IMF, and by extension, Washington’s, failure to provide the world’s most important emerging economies with representation that’s commensurate with their economic clout, the BRICS Bank and the Asian Infrastructure Investment Bank have pledged a partnership and issue loans, not in U.S. Dollars, but in Yuan.
Venezuela’s Hyperinflation Crack-Up
Venezuela’s hyperinflation is reaching its final stages amid capital controls and a collapse of Venezuela’s currency on the “black” market. In fact, since the beginning of 2015, that country’s stock market is up by more than 300%. As more printing of currency is done, the stock market will go up to reflect the printing.
Financial Disaster Starts Here
Investors, to get a decent income stream, have been flocking to junk bonds because the Fed lowered interest rates to near zero. In fact, junk bond issues soared 483% between 2008 and 2014. Junk bonds are usually issued by companies with shaky finances; thus, when this bull market eventually ends, there will be panic.
Middle Class Disappearing Act
A study revealed the percentage of American middle-class households dropped in every state between the years 2000 and 2013. Households with earnings between 67% to 200% of their respective state’s median income fell during that period. From stagnant wages to the unbalanced worker-to-productivity ratio, the middle class has lost ground in every state. Please take a look for yourself to see how your state is doing.
7 Facts about Social Security
Here are a few…
1. A lot of people don’t even know when they can begin to take benefits.
2. Because of changing demographics, Social Security is no longer a good deal for many workers.
3. Select groups of people, like religious groups, have been able to opt out of Social Security.
At least there are no plans for making any cuts in Social Security…
Social Security Cuts
If Congress doesn’t act, people receiving Social Security disability benefits could see a nearly 20% cut to payments at the end of next year. The disability trust fund will be depleted by the fourth quarter of 2016, leaving the administration with enough income to pay 81% of benefits.
A new poll shows Hillary Clinton losing three swing states and deep in negative territory; thus, it’s no longer a question of whether Hillary Clinton will be the Democratic nominee for president in 2016; it’s only a question of when she will drop out of the race. It will be fun to watch the old hag cackle as she melts down into a pool of slush. I’m melting!
Finally, please prepare now for the escalating economic and social unrest. Good Day!
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