What is Money? Who Controls Money?
(Mises)—J. P. Morgan famously said this in his testimony before Congress in 1912: “Gold is money. Everything else is credit.” J. ...
Tag: Credit
Ballooning Credit and Rate Cuts: A Perfect Storm for Default
(Schiff)—With consumer debt reaching record levels, the Federal Reserve contemplating rate cuts in 2024, and post-Covid inflation still yet to ...
The Credit Crisis Will Affect Everyone and It Is Worse Thank You Think
(Epic Economist)—If you’re worried about your finances, you’re far from alone. U.S. banks are warning that a credit crisis worse ...
Biden’s New Intersectionality: Where Equity Policies Meet Bad Economics
In the summer of 2020, the Smithsonian Institution created a chart meant to condemn what it calls “whiteness,” and it listed a ...
A Credit Crunch Is Inevitable
Federal Reserve data shows $98 billion of deposits left the banking system in the week after the Silicon Valley Bank collapse. ...
Americans Should Prepare for a Credit Crunch, Experts Warn
The recent banking crisis in the United States has led to widespread concerns of a looming credit crunch and the ...
“The Banks Are Melting” and Signs of a Major Credit Contraction Are Already Starting to Emerge
When there is fear in the air, banks start getting really tight with their money, and right now there is ...
Americans Falling Behind on Credit Card and Loan Payments as Inflation Persists
As inflation and the price of consumer goods continue to rise, reports indicate that American consumers are poised to fall ...