Europe

These updates to my list of “Seven Troubles Assailing the US Economy” are far too important to remain buried at the end of that article since many readers may not return to the article to check for updates. The summer economic crisis I’ve been predicting is building even more rapidly than when I reported a week ago. It’s almost here:

Total household debt now exceeds the peek it hit just before the economic collapse into the Great Recession. While the number of households is also up, wages are correspondingly down, so households have maxed out … again:

Authored by Jorg Guido Hulsmann via The Mises Institute,

It may seem unusual that an economist would talk about culture. Usually, we talk about prices and production, quantities produced, employment, the structure of production, scarce resources, and entrepreneurship.

In what we are sure many will see as the most ironic headline of the day, Reuters reports Iran said on Sunday the London attacks were a "wake-up call" and urged Western states to go after ideological and financial sources of terrorism, state media reported, in a thinly veiled reference to Saudi Arabia.

Having been the center of attention during President Trump's recent trip:

Content originally published at iBankCoin.com

Aren't you glad to have that giant ocean between you and the nutjobs in Europe?

Authored by Jeremiah Johnson (nom de plume of a retired Green Beret of the United States Army Special Forces) via SHTFplan.com,

It has been reported that the USS Nimitz will join the USS Ronald Reagan and the USS Carl Vinson for a total of three U.S. carriers and their groups deployed to respond to or initiate actions against North Korea.  There is a small excerpt from an article entitled 3rd US Naval Strike Force Deployed to Deter North Korea that bears mention: