American credit card debt rose by 6% to $936.1 billion. That’s $10 billion more than in 2016. The current average household credit card balance in the US is $7,996. Interest rates have been rising and are adding to the accumulated debt. [Everyone knows that this cannot continue and cannot be fixed. The system is broken and, eventually, it must fall apart.] -GEG
Americans are racking up close to $1 trillion in credit card debt, according to a new study.
The study conducted by personal finance website WalletHub found that American credit card debt rose by 6 percent to $936.10 billion, up from $884.70 billion in 2016.
In the second quarter of 2017, U.S. consumers added $33 billion in debt with credit cards — the second-highest amount of debt since 2008.
WalletHub predicts that U.S. consumers will amass $60 million more in debt with credit cards by the end of 2017, pushing the total amount of credit card debt in America to $1 trillion.
The study notes that the average household credit card balance in the U.S. went up to $7,996 in 2017, up from $7,584 during the same period in 2016.
Joe Biden and his campaign have spent more than $924,000 on private jets delivering the message that climate is an existential threat and, thereby, spewing one heck of a lot of CO2 into the atmosphere, when he could have made a video and posted it to Facebook.
Officials said 300 other suspects have been arrested in South Korea this week. Five men from the US have been convicted on federal charges related to the child-porn website. One of them, Richard Gratkowski, was a former Homeland Security Investigations agent.
Jim Fetzer was sued by Lenny Pozner, father of six-year old Noah Pozner, who was reportedly shot to death. Lenny Pozner claimed Fetzer’s writing caused him to suffer from PTSD. A jury ordered Fetzer to pay $450,000 in damages to Pozner for defamation, based on accusations that Noah Pozner’s birth certificate was fake.
A secret staircase hidden behind a cupboard in the living room led to an underground living space where the family has lived for the past seven years, expecting a global catastrophe. The family fed themselves with a self-sustaining vegetable farm and needed almost no contact with the outside world.
Communist policies that already are ravaging America include a state-controlled banking monopoly, a progressive income tax, and ‘free’ government schools. Democrats now are reviving other planks of the Communist Manifesto including Bernie Sanders’ proposal for an 77% inheritance tax.
Ramirez Valiente has been charged with reckless driving, as his license was revoked due to a DUI in 2018. He was also arrested for reckless endangerment in 2011 and domestic violence in 2016. A district attorney dismissed both charges.
James Corbett explains that the pro-war media objected to President Trump removing 1,000 US troops from Syria, and has been caught lying again to the American public to keep the wars going. Corbett gives numerous examples of other times that the media has been caught using propaganda and lies to manipulate the public.
In the past week, over 1,300 arrests were made involving members of the Extinction Rebellion, a climate-change-alarmist group that is critical of the West and has blocked roads and shut down a London airport. George Soros is among the high-profile donors to this group.
One of the suspects had been arrested for theft of a motor vehicle, but King County Jail ignored an ICE request for retainer, and he was released. He was arrested and released two more times before the high school boy’s murder.
Only one child has been infected by the polio virus, caused by a polio vaccine, but the government now is preparing to vaccinate more than 9 million children – with the same vaccine that infected the single case of polio that created their concern.
California adopted a controversial ‘red flag’ gun-confiscation law that expands an existing law that allows law-enforcement and family members to initiate a process to temporarily confiscate citizens’ firearms. The new law adds co-workers, employers, and teachers to the list.
The Center for Immigration Studies estimates that there are nearly 5-million illegals who would receive subsidies through the so-called Affordable Care Act.
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Stefan Molyneux explains how the US government’s addiction to spending now can only be stopped through collapse followed by war. This is a brilliant overview of history and human nature as they relate to the economic collapse of unrestrained governments. There is no way to adequately summarize this presentation except to say that it is loaded with hard data and sound logic that leads to the conclusion that the world is headed inexorably into economic collapse and war. Molyneux’s analysis may be wrong, but it should not be dismissed as impossible. [Well worth watching in its entirety.]
The Federal Reserve creates more dollars each day chasing the same amount of goods, so it takes more dollars to buy them. Manufacturers, instead of showing the rising price, choose to reduce the quantity or quality of their goods, and most people thereby are not aware of how severe inflation actually is.
Debt has tripled in the UK since 1980. This means that the banks essentially own Britain, through debt. If you are interested in the charts and statistics that support this conclusion, you will find them all in this article.