Kickster is broke! A massive drop in users has led to layoffs. Sales are down 35 percent and the bank is empty. More from The Quartering, offering us an overview of the collapse of a woke business.
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President Trump, at some point, is going to have to deal with this debt problem and bankruptcy of America. Macroeconomic analyst Rob Kirby says this is why the elite are working so hard to get rid of President Trump. Kirby contends, “They want to get rid of him because they can’t control him. If the system is going to blow up, they want a person in charge that they have control of. They do not have control of Donald Trump. . . . He is still his own man, and he knows the difference between right and wrong. . . . They are afraid that he might point the finger at the true culprits of the breakdown that is coming. That’s why they want him out.” More from Greg Hunter, USA Watchdog.
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And it’s going to get bad really soon. That’s the bleak message from two financial experts — Jim Sinclair and Bill Holter — interviewed by Greg Hunter of USAWatchdog.com. Get ready for the reset in the price of everything, including gold and silver.
Sinclair says, “It’s going to be a Friday to Monday event. There is going to be an explosion, and the explosion is a change. It may blow your mind, but the explosion would not be three or four months or a year in upticks in these items (gold and silver prices). Oh, they are going to uptick. That’s for sure. The finality of this is going to be the reset. . . .It is going to be something entirely new that doesn’t exist now. It may be engineered and not happening by natural causes. . . .You need to know who President Trump is, what he is a master of and what tools he has used effectively as part of his business. It’s not “The Art of the Deal,” it’s the science of bankruptcy.”
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Student loans are difficult to repay in a sluggish economy, and many recent graduates are struggling under considerable debt. One proposal is forgiving student loans, but Prof. Daniel Lin from American University in Washington DC argues that debt forgiveness does not resolve the underlying causes of rising student debt, and therefore cannot prevent future debt problems.
Instead of debt forgiveness, Prof. Lin suggests making student loans like other types of loans: dischargeable in bankruptcy. This places the burden on lenders to ensure that students are not taking more debt than they can handle. While it would lead to a reduction in the amount of loan dollars awarded and increase interest rates, these are natural incentives that encourage borrowers to be more careful right now, and in the future, which puts pressure on colleges and universities to control their costs. H/T Learn Liberty
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The charity set up by singer Wyclef Jean to help Haiti’s earthquake victims has gone bankrupt. Questions are now being raised about where the money went, as it appears few of the donations reached the intended victims. H/T Channel 4 News
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