Tens of millions of Americans are “trapped” in an endless cycle of debt that is sucking the life out of them financially… Story By News Editors ~ Reprint From Natural News .com |
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Did you know that U.S. households are 17,690,000,000,000 dollars in debt? Of course household debt is only one part of a much larger story. The federal government is 34 trillion dollars in debt, state and local governments are absolutely drowning in debt and unfunded liabilities, and corporate debt is at an all-time high. As a society, we are on the greatest debt binge in the history of the world, and it just gets worse every single year. Previous generations handed us an economy that provided us with an incredibly high standard of living, but we always had to have more. So we have been borrowing and spending with no end in sight, and now our day of reckoning is fast approaching.(Article republished from TheEconomicCollapseBlog.com)
According to the New York Fed, U.S. household debt surged to another record high during the first quarter of this year…
If we could handle all that debt, there wouldn’t be much cause for alarm. Unfortunately, delinquency rates are rising. In fact, the proportion of credit card balances in serious delinquency has risen to the highest level since 2012…
In 2012, we were just coming out of the Great Recession. Now a new economic crisis has begun, and millions of U.S. households are teetering on the brink of financial disaster. If you use credit cards, it is so important to pay them off in full every month. Unfortunately, approximately 44 percent of all cardholders do not do that…
It has always been financial suicide to carry credit card balances from month to month, and that is especially true today because interest rates are so ridiculously high…
I always encourage my readers to pay off high interest debt as soon as possible. If you have credit card debt, eliminating it should be your number one financial goal. Sadly, the New York Fed’s new report tells us that an increasing number of Americans are getting behind on their credit cards and their auto loans…
Tens of millions of U.S. households have severely overextended themselves financially. When you get to a point where you are so far in debt that you can barely make the minimum payments, it can feel like you are “trapped” with no way out… Read more at: TheEconomicCollapseBlog.com |
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About Mike Adams Founding Editor See real-time updates from the Health Ranger on Brighteon.social Mike Adams (aka the “Health Ranger“) is the founding editor of NaturalNews.com, a best selling author (#1 best selling science book on Amazon.com called “Food Forensics“), an environmental scientist, a patent holder for a cesium radioactive isotope elimination invention, a multiple award winner for outstanding journalism, a science news publisher and influential commentator on topics ranging from science and medicine to culture and politics. Mike Adams also serves as the lab science director of an internationally accredited (ISO 17025) analytical laboratory known as CWC Labs. There, he was awarded a Certificate of Excellence for achieving extremely high accuracy in the analysis of toxic elements in unknown water samples using ICP-MS instrumentation. In his laboratory research, Adams has made numerous food safety breakthroughs such as revealing rice protein products imported from Asia to be contaminated with toxic heavy metals like lead, cadmium and tungsten. Adams was the first food science researcher to document high levels of tungsten in superfoods. He also discovered over 11 ppm lead in imported mangosteen powder, and led an industry-wide voluntary agreement to limit heavy metals in rice protein products. Adams has also helped defend the rights of home gardeners and protect the medical freedom rights of parents. Adams is widely recognized to have made a remarkable global impact on issues like GMOs, vaccines, nutrition therapies, human consciousness. |
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