I have known Alan Collinge of Student Loan Justice for multiple years now. He has been prompting some type of relief for those who will never be able to payback these loans or are in default. Portfolio-by-Age.xls (live.com) as taken from here: Federal Student Loan Portfolio | Federal Student Aid The information in the chart above is from EOY 2020 and the Federal Student Loan Portfolio, Federal Student Aid, “Portfolio by Age” The General Link and...

The Rivers of Belief .[embedded content]

This will SO help you.Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.mmteconomics.com/ Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://mikenormaneconomics.blogspot.com/ Understanding the Daily Treasury Statement video course. https://www.pitbulleconomics.com/understanding-daily-treasury-statement-video-course/?s2-ssl=yes

There was a glimmer of hope in the housing data from January. The stock market rallied sharply and there was a lot of commentary about how the economy is headed back to boom time. I am not so confident and I still firmly believe that the “muddle through” scenario I mentioned in my full year outlook is the baseline. And I would argue that the asymmetric risk to this outlook is to the downside, not the upside. Housing is the Economy. I hesitate to attribute economic growth entirely...

You probably already know most of this if you have been following economic developments resulting from sanctions.Naked CapitalismWho’s Winning and Losing the Economic War Over Ukraine?Medea Benjamin and Nicolas J. S. DaviesSee also"Putin," or Russia?Asia TimesHow Putin has shrugged off Western sanctions Peter RutlandRelatedOne year does not a make a trend, but.…RT — Question More (Russian state-sponsored media)US no longer attracts world’s rich – studyAlsoTASS (Russian state media)China...

Important. This reflects what former USSR naval officer Andrei Martyanov has been saying and writing books about for a long time. The West is using the wrong standards of comparison, like nominal GDP rather than national capacity. In this light, Russia and China are far stronger than the West realizes using Western-preferred metrics. This has been brought out by industrial warfare. Pursuit of neoliberalism has apparently weakened the West's industrial capacity as factories were moved to...

Ukraine must have ran out of munnie so now the Biden regime has to send some USDs so they can pay pensions and fund other initiatives… ?Biden on aid to Ukraine - "It's going to allow pensions and social support to be paid to the Ukrainian people so they have something in their pocket."Biden is guaranteeing pensions and welfare for Ukrainians but can't guarantee aid for Ohio. America last. pic.twitter.com/2Qvdgt7Ce4— MAZE (@mazemoore) February 17, 2023

Existing home sales and prices decline further, BUT . . .  – by New Deal democrat Even though existing home sales make up about 90% of the total market, they have much less economic impact than new home construction. They are best used to confirm trends. In January they continued to confirm that sales have continued to decline, and prices, which follow sales with a lag, have joined in. January sales declined another -0.7% to 4.2 million...

F.D.R.’s statement on signing the Social Security Act reminds us to pay attention to ‘reform’ or schemes to ‘privatize’ PRESIDENTIAL STATEMENT SIGNING THE SOCIAL SECURITY ACT. AUGUST 14,1935 Today a hope of many years’ standing is in large part fulfilled. The civilization of the past hundred years, with its startling industrial changes, has tended more and more to make life insecure. Young people have come to wonder what would be their lot...