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    Daily Digest 11/14 – Japan’s Economy Has A $5T Problem, What Happens When The Liquidity Bubble Pops

    by saxplayer00o1

    Wednesday, November 14, 2018, 1:50 PM


Double dippers: 2,400 state workers collect paycheck and pension, but is it a problem? (Maine)

She said right now it's not an issue, but it could be as the state works to pay off the unfunded portion of the pension fund, which was $2.6 billion at end of this fiscal year, ending June 30.

Average Utah payday loan interest rate rises to nearly 528% annually — double what Mafia loan sharks charged in the 1960s

New data show that the average payday loan in Utah now charges 527.69 annual percentage rate (APR) interest, up from 484.76 percent last year. In comparison, academics say the New York Mafia charged 250 percent in the 1960s.

General Electric seeks urgent asset sales as bond fears rise

GE had $114 billion in debt at the end of the third quarter, 3.7 times its equity and more than four times the industry average debt-to-equity ratio of 0.77, Refinitiv data shows. High debt levels can increase a company’s risk of default.

Abe calls for public works spending plan to help economy (Japan)

Prime Minister Shinzo Abe called on Monday for a new public works spending program to stimulate the economy amid growing concerns about global risks.

When This Liquidity Bubble Pops, We'll Face The Biggest Crisis Yet

But if we take just that average and add it to the projected deficits, the US government deficit will be (drumroll, please) approximately $1.4 trillion per year for the next five years, which will mean $29 trillion total debt by 2024. And that’s without a recession. Throw in a recession, and we’ll get to $30 trillion long before then.

Japan's economy has a $5 trillion problem

An epic bond-buying spree by Japan's central bank means it's now sitting on assets worth more than the country's entire economy….The US Federal Reserve's total assets are about one fifth of the size of US GDP, and the European Central Bank's are around 40% of the eurozone economy.

LA County to LAUSD: Drop in financial reserves ‘continues to be alarming’

The analysis, obtained by LA School Report, was conducted by Houlihan and Lockey Financial Advisors at the district’s request. It stated that the school system will be insolvent by 2021-22, when it will have a $419 million deficit. By 2022-23, the deficit is projected to be $880 million.

Gold & Silver

Click to read the PM Daily Market Commentary: 11/13/18

Provided daily by the Peak Prosperity Gold & Silver Group

Article suggestions for the Daily Digest can be sent to [email protected]. All suggestions are filtered by the Daily Digest team and preference is given to those that are in alignment with the message of the Crash Course and the "3 Es."

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  • Wed, Nov 14, 2018 - 8:21am



    Status Silver Member (Offline)

    Joined: Jul 30 2009

    Posts: 2954

    US government posts $100 billion deficit in October

    Italy calls on citizens to lend a hand and buy bonds

    Financial Times-11 hours ago
    With one of the largest piles of public sector debt in the world Italy has long … six months, and Italian banks already holding large volumes of sovereign debt, that …

    Italian sovereign, bank CDS rise after Rome re-submits budget

    Reuters-5 hours ago
    LONDON, Nov 14 (Reuters) – The cost of insuring exposure to debt issued by Italy’s government and the country’s banks rose on Wednesday after Rome …

    Italy’s Banks Leap Aboard a Burning Ship

    Bloomberg-8 hours ago
    Banca Carige SpA, a mid-sized lender based in Genoa, has been under pressure from the European Central Bank to strengthen its capital base. Investors were …

    South Africa’s land expropriation unnerves investors: World Bank …

    Reuters-4 hours ago
    Africa’s most industrialized economy is struggling with ballooning debt that risks pushing its sovereign credit ratings deeper into “junk” territory. Other problems …

    Greenspan Says US May Be Seeing the First Signs of Inflation

    Bloomberg-5 hours ago
    Former Federal Reserve Chairman Alan Greenspan said a rising U.S. debt … raising concern the country’s debt load of more than $21.7 trillion will grow out of …

    US government posts $100 billion deficit in October

    Reuters-20 hours ago
    WASHINGTON (Reuters) – The U.S. federal government ran a $100 billion deficit in October, the first month of the new fiscal year, according to data released on …


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  • Thu, Nov 15, 2018 - 6:03am



    Status Platinum Member (Offline)

    Joined: Apr 27 2010

    Posts: 1468

    The pie is shrinking. Fighting for scraps is increasing.

    A 7 minute video inside the migrant caravan traveling through Mexico to enter the US illegally.  Someone’s paying millions of dollars to make this possible.
    “Welcome to the Hunger Games. And may the odds be ever in your favor.”

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  • Thu, Nov 15, 2018 - 7:31am



    Status Platinum Member (Offline)

    Joined: Apr 13 2011

    Posts: 1920

    Great Video of Organizational Support for the Migrant Caravan(s)

    This video offers a strong indication of an organized (but not publicized) big money effort to promote and move the migrant caravan(s) to the US.
    I see 2 sides of this: 

    1)  The right to migrate to a more prosperous area is in conflict with the right to limit capacity flooding from immigrants by the people of the prosperous area who already call that area “home.”
    2)  a conscious re-engineering of the worlds social structures just ahead of the collapse.  I believe that the goal is to form an amalgamized population (without national and ethnic identities) that is easier to dominate.  Those-who-would-rule-us-all, need to breakdown group identitifications in the masses.  (Hyper-identification of the elite will continue however) 

    This is not fair or just.   Looking at this through the lens of “justice,” “basic rights,” and “fairness” will lead to a serious misunderstanding about the dynamics of what is happening here.

    Here we see a conflict between basic right of all beings to adequate food, with the basic right of all beings for a safe living environment.
    *This is not to say that the balance of depleting resources and population overload is not a central driver of immigration.  More that ‘this horse’ is being ridden, consciously, to a specific economic/political end–the consolidation of power in the hands of an elite.  That the admission of unlimited numbers of migrants is sold to a GREEN Meme population as the only possible virtuous position a decent person can hold.

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