Source: Deep Six the Deep State by — Antiwar.com
Archive for May, 2017
Mark Zuckerberg joins Silicon Valley bigwigs in calling for government to give everybody free money
25
May
Another example of successful business people showing their ignorance of economics and their collectivist ideology.
‘During his Harvard Commencement speech, Mark Zuckerberg joined other Silicon Valley elites in calling for universal income.”
Source: Mark Zuckerberg joins Silicon Valley bigwigs in calling for government to give everybody free money
Liar Loans Dog Subprime Auto-Loan-Backed Securities
24
May
The bubble has inflated.
“Santander, top subprime auto lender, verified income on only 8% of loans: Moody’s…”
Source: Liar Loans Dog Subprime Auto-Loan-Backed Securities
Legendary Investor Asher Edelman Says “I Have No Doubt” PPT Behind Market Rally
23
May
“I don’t want to be in the market because I don’t know when the plug is going to get pulled”…the government’s “plunge protection team” is the only thing propping up the current market rally.”
Source: Legendary Investor Asher Edelman Says “I Have No Doubt” PPT Behind Market Rally
The Fed is about to reveal how it could wind down its biggest policy experiment ever
23
May
The American people were guinea pigs for the Federal Reserve’s monetary experiment–massive money printing to prop up the financial system.
“The Fed is about to reveal some detail on how it plans to unwind the program that made it a major player in financial markets.”
Source: The Fed is about to reveal how it could wind down its biggest policy experiment ever
Pope Francis and Libertarianism
22
May
“The purported pope of the Catholic Church recently attacked “libertarianism.” As a number of theologians have ably shown, Jorge Bergoglio, a.k.a Pope Francis, cannot be a legitimate pope since h…”
Source: Pope Francis and Libertarianism
Biggest Subprime Auto Lender Skipped Income Verification On 92% Of Auto Loans
22
May
Here we go again.
We first introduced readers to the “New Century of auto finance” (aka “Santander Consumer USA”) several years ago when we first took note of one of their aggressive auto ABS facilities which sported an average FICO of 595, LTV of 110%, APR of 16.2% and a term of 70 months…but don’t worry too much because they verified income on at least 8% of the loans in that pool.”
Source: Biggest Subprime Auto Lender Skipped Income Verification On 92% Of Auto Loans
A Quarter Of American Adults Can’t Pay All Their Monthly Bills; 44% Have Less Than $400 In Cash
21
May
The weak underbelly of the economy.
“According to the Fed’s latest annual “household well-being” report, 23% of US adults are not able to pay all of their current month’s bills in full while 44% of respondents said they wouldn’t be able to cover an unexpected $400 expense like a car repair or medical bill.”
Source: A Quarter Of American Adults Can’t Pay All Their Monthly Bills; 44% Have Less Than $400 In Cash
As he heads out the Statehouse door, Christie’s looting us one more time | Mulshine
21
May
The long time addiction problem in America, OPM–politicians are addicted to other people’s money. We need a television commercial about how insatiable demand for debt at all levels of government is feeding the beasts.
“Chris Christie pulled a couple of maneuvers last week to get his pork-filled Statehouse renovation plan funded without voter approval; next month a judge will decide if it he can get around the constitution…”
Source: As he heads out the Statehouse door, Christie’s looting us one more time | Mulshine