Category: Business & Economy

The borrower is the servant of the lender, and through the mechanism of government debt virtually the entire planet has become the servants of the global money changers.  Politicians love to borrow money, but over time government debt slowly but surely impoverishes a nation.  As the elite get governments around the globe in increasing amounts of debt, those governments must raise taxes in order to keep servicing those debts.  In the end, it is all about taking money from us and transferring it into government pockets, and then taking money from government pockets and transferring it into the hands of the elite.  It is a game that has been going on for generations, and it is time for humanity to say that enough is enough.

The experimental and destructive monetary policies of central banks are driving many to flee to cryptocurrencies in hopes of finding some stability.

On Tuesday, in its attempt to corner the last elusive space of the retail market – clothing –  Amazon announced the launch of Prime Wardrobe, “A New Fashion Platform” which will be included in current and future Prime memberships, Amazon said on its website. Essentially Prime Wardrobe will allow users to try clothes on before they buy and receive discounts.

Trump’s victory lap back in January after Ford cancelled plans for a brand new $1.6 billion production facility in Mexico may have been premature. As it turns out, per a press release from earlier this morning, one of the first strategic actions taken by Ford’s new CEO, Jim Hackett, will be to relocate the company’s ‘Focus’ production to China rather than Mexico.

The steep increase in credit card defaults in 1Q’17 and 4Q’16 was the largest since 2009, according to a report by Moody’s, which suggests that the US consumer is getting progressively weaker and is unable to support the spending needed to keep the US economy afloat.