TRUTHTALK13 NEWS

Denninger: “Wake Up America Before You Get Shot… And Possibly (Yes, Literally) Eaten” America’s debt problems aren’t going away by Mac Slavo | SHTFplan.com | May 21, 2015 America’s debt problems aren’t going away. In fact, they will continue to get worse. Karl Denninger recently cited a Bloomberg report to make his point at the Market Ticker : Driven by higher interest costs, Social Security and Medicare for baby boomers, as well as tax cuts made permanent in 2012, the federal debt held by the public is expected to hit $40 trillion in 2035 , according to calculations by the Committee for a Responsible Federal Budget based on Congressional Budget Office estimates. Back in 2009, soon after President Barack Obama took office, the forecast for the 2035 burden was at least $7 trillion lower. You thought $18 trillion in debt was bad and enough to lead to a collapse? How about more than twice that? As Denninger explains, the government will be spending four times more 20 – 30 yea...

The 90,000 Square Foot, 100 Million Dollar Home That Is A Metaphor For America Just like “America’s time-share king”, America just keeps on making the same mistakes over and over again by Michael Snyder | Economic Collapse Blog | May 8, 2015 Just like “America’s time-share king”, America just keeps on making the same mistakes over and over again. Prior to the financial collapse of 2008, time-share mogul David Siegel and his wife Jackie began construction on their “dream home” near Disney World in Orlando, Florida. This dream home would be approximately 90,000 square feet in size, would be worth $100 million when completed, and would be named “Versailles” after the French palace that inspired it. In fact, you may remember David and Jackie from an excellent 2012 documentary entitled “The Queen of Versailles”. That film documented how the Siegels almost lost everything after the financial collapse of 2008 devastated the U.S. economy because they were overleveraged and drowning in deb...