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Disasters Can Happen

As the Controlled Inflation Scheme Rolls On

As the Controlled Inflation Scheme Rolls On

by MN Gordon

Economic Prism

Controlled Inflation

American consumers are not only feeling good.  They’re feeling great.  They’re borrowing money – and spending it – like tomorrow will never come.

On Monday the Federal Reserve released its latest report of consumer credit outstanding.  According to the Fed’s bean counters, U.S. consumers racked up $28 trillion in November in new credit card debt and in new student, auto, and other non-mortgage loans.  This amounted to an 8.8 percent increase in consumer borrowing.  It also ran (Read More....)

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The Logic Behind Staying Debt-Free

Debt, loan defaults, and foreclosures have taken their toll on the American Dream. More people than ever are finding themselves in untenable financial situations because of years of debt. Medical bills, student loans, credit card balances, mortgages—they add up. But (Read More....)

. . . → Read More: The Logic Behind Staying Debt-Free

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