Lord Jacob Rothschild has admitted that his hopes for a New World Order are not going according to plan, in a bombshell report last month. According to RIT Capital Partners 2016-year-end report, despite short-term profits by the company, a longer period of financial turmoil looms for the Rothschild empire, and thus the entire planet.
The US national debt has been slashed by a massive $68 billion dollars since President Trump’s inauguration, according to new figures from treasury.gov. President Trump inherited national debt of $19,947 billion – an enormous figure that was thought to be irreversible and had been blowing out by the billions every day Obama was in office. But President Trump got to work and began turning the situation around. On February 21st, just month later, the US debt load stood at $19,935 billion.
Authored by Bonner & Partners' Bill Bonner via Acting-Man.com,
A Truly Sucky Century
BALTIMORE – What an awful century! Worst we’ve ever seen. Household incomes are down. Employment is down, with 7 million people in the U.S. of working age without jobs. Productivity growth is down. GDP growth is down – to only about 0.5% per capita last year. Even life expectancies are down. Drug overdoses are up. Suicides are up. One out of every eight children lives in a family getting food stamps. One of out every eight adults takes psychoactive drugs .
Amazon's willingness to sell almost any product imaginable at a loss, combined with a massive bubble in retail real estate square footage courtesy of decades of low interest rates seems to finally be catching up with the traditional bricks-and-mortar retailers of America.
As evidence, Scott Krisiloff of Avondale Asset Management compiled the following sample of relatively downtrodden commentary from America's largest retail CEOs, all of who seem to be throwing in the towel on hopes of any near term upside for their industry:
On the surface, today's monthly budget statement was disappointing: in February the US Treasury brought in total receipts of $172 billion, versus outlays of $364 billion, resulting in a decicit of $192 billion, more than tha $190 billion expected (if in line with last year's $192.6 billion deficit). For the fiscal year through Feb. 28, the total US budget deficit was $349 billion, virtually identical to the $351 billion deficit over the same period in 2016 and set to keep rising this year and for the foreseeable future.