Advertise | Bookmark | Contact Us | E-Mail List |  | Update Page | UraniumSeek.com 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page 

 GoldSeek.com >> News >> Story  Disclaimer 
 
Latest Headlines

Gold Seeker Weekly Wrap-Up: Gold and Silver Fall Roughly 1% on the Week
By: Chris Mullen, Gold Seeker Report

Ira Epstein's Metals Video 1 19 2018
By: Ira Epstein

The Macro View: Amigos Ride On
By: Gary Tanashian

US Gold Reserves, Of Immense Interest to Russia and China
By: Ronan Manly

COT Gold, Silver and US Dollar Index Report - January 19, 2018
By: GoldSeek.com

Jim Rickards: Next Financial Panic Will Be the Biggest of All, with Only One Place to Turn…
By: Mike Gleason

Bond Market Bear Creating Gold Bull
By: Richard (Rick) Mills

GDX $25 Breakout on Earnings
By: Adam Hamilton, CPA

Profiting in 2018
By: Deepcaster

“Mother Of All Blow-Offs?”
By: Dave Kranzler

 
Search

GoldSeek Web

 
THE SUB-PRIME ECONOMY - Students, Car Buyers & Retail Stores


 -- Published: Tuesday, 15 July 2014 | Print  | Disqus 

with Charles Hugh Smith & Gordon T Long

28 Minutes, 23 Slides

GROWING SUB-PRIME POPULATION

In this 28 minute video Gordon T Long and Charles Hugh Smith discuss through the aid of 23 slides the growing sub-prime population in America. It is getting little attention as more and more citizens are effectively being squeezed into the category that was once termed 'sub-prime' but which is now simply the US Economy.

The biggest increases in credit are coming the areas least able to afford increased debt levels, who see themselves as having no other survival choice in modern day America..

1. STUDENTS & THEIR PARENTS

2. INCREASING NUMBER OF CAR BUYERS

3. RETAIL STORE CHAINS

BREADWINNER ECONOMY FAILING

The little discussed truth is that fewer and fewer jobs today actually pay a "breadwinner's" salary. 48% of all new jobs being created in America now pay less than $24K/Annum GROSS. Even with both spouses working the numbers don't add up when rents are 1500/Mo, Day Care $1000/Mo and car payments for two cars to commute to fewer jobs are minimally over $500/Mo. Then there are 3 levels of taxes, fees, licenses etc and exploding food, gas, utility, health and education costs. It is any wonder America is now accelerating deeper into a sub-prime economy?

SHADOW BANKING

The problem during the 2008 crisis was sub-prime mortgages which sent shock waves through the Shadow Banking System. A system based on borrowing short and lending long. Today the Shadow Banking system is feeding off Student Loans, Car Loans and REITS. All are being securitized, repackaged and bundled through the Shadow Banking System. Like mortgages prior to the financial crisis, it was delinquencies which started to rise which imploded the system. This is a show which is soon coming once again returning to a theater near you!!


| Digg This Article
 -- Published: Tuesday, 15 July 2014 | E-Mail  | Print  | Source: GoldSeek.com

comments powered by Disqus



 



Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to GoldSeek.com

 news.goldseek.com >> Story

E-mail Page  | Print  | Disclaimer 


© 1995 - 2017



GoldSeek.com Supports Kiva.org

© GoldSeek.com, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of GoldSeek.com and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on GoldSeek.com. This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Live GoldSeek Visitor Map | Disclaimer

The views contained here may not represent the views of GoldSeek.com, its affiliates or advertisers. GoldSeek.com makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of GoldSeek.com, is strictly prohibited. In no event shall GoldSeek.com or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.