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US Credit Card Defaults Reach 14-Year High
Armstrong Economics ^ | 3 Jan 25 | Martin Armstrong

Posted on 01/03/2025 4:56:15 PM PST by delta7

click here to read article


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To: TexasGator

How could I disagree with his AI?


21 posted on 01/03/2025 5:44:06 PM PST by Toddsterpatriot (TANSTAAFL)
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To: kiryandil

TG is in troll mode tonight..
————
Texas Gator is bored, lots of time on his hands. He has some kind of rub with Armstrong, but I enjoy to see he takes the time to read Armstrong’s free posts.

He really should devote some of that time to posting articles, criticism is all I see from him.


22 posted on 01/03/2025 5:45:36 PM PST by delta7
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To: Toddsterpatriot

“How could I disagree with his AI?”

He has no AI. He also has no HI.


23 posted on 01/03/2025 5:47:19 PM PST by TexasGator (11i.11'1/'1/11111)
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To: delta7
Excellent reporting with the numbers. Socrates ( Armstrong’s computer) makes forecasts by "numbers" and worldwide capital movements.
This fraudulent advertising by the best known scammer on the planet on Free Republic stinks. He wants to sell his snake oil here i.e. his useless reports and books costing hundreds. Buyer beware!
24 posted on 01/03/2025 5:48:42 PM PST by MoneyBack
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To: delta7

“He really should devote some of that time to posting articles, criticism is all I see from him.”

How much would Armstrong pay me to be his shill?


25 posted on 01/03/2025 5:49:46 PM PST by TexasGator (11i.11'1/'1/11111)
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To: MoneyBack

“This fraudulent advertising by the best known scammer on the planet on Free Republic stinks.”

Blog pimps used to get zotted. And this is even worse.


26 posted on 01/03/2025 5:51:55 PM PST by TexasGator (11i.11'1/'1/11111)
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To: delta7
He posts stuff, and I don't even bother to read his full posts, because he's a troll who is in troll mode.

I should check his posting history to see when he last got a time-out for trolling.

27 posted on 01/03/2025 6:00:10 PM PST by kiryandil (No one in AZ that voted for Trump voted for Gallego )
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To: delta7

Nothing to see here, all is well say the democraps.


28 posted on 01/03/2025 6:01:02 PM PST by KC_Conspirator
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To: delta7
He has some kind of rub with Armstrong

He's really rubbing one out on this thread. :)

29 posted on 01/03/2025 6:01:24 PM PST by kiryandil (No one in AZ that voted for Trump voted for Gallego )
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To: MoneyBack

Welcome to Free Republic.


30 posted on 01/03/2025 6:02:52 PM PST by kiryandil (No one in AZ that voted for Trump voted for Gallego )
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To: kiryandil

“I should check his posting history to see when he last got a time-out for trolling.”

Nine years trolling me. You need to get a life.


31 posted on 01/03/2025 6:03:13 PM PST by TexasGator (11i.11'1/'1/11111)
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To: kiryandil
When one does not like the messenger, other messages are found:

US credit card defaults soar to highest level in 14 years Fox Business

Credit Card Defaults Skyrocket as Americans Unable To Pay Their Debts Newsweek

US credit card defaults surge 50% in 2024, reaching a 14-year high MSN / Invezz

US credit card defaults soar to highest level in 14 years

Translation: Consumers, having run up debts, are screwed.
32 posted on 01/03/2025 6:10:49 PM PST by Worldtraveler once upon a time (Degrow government)
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To: Worldtraveler once upon a time

Thanks for those links!

The proof is in the pudding.


33 posted on 01/03/2025 6:15:36 PM PST by kiryandil (No one in AZ that voted for Trump voted for Gallego )
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To: delta7

Can’t Biden just forgive the debt? /s


34 posted on 01/03/2025 6:15:38 PM PST by CatOwner (Don't expect anyone, even conservatives, to have your back when the SHTF in 2021 and beyond.)
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To: delta7

First response:

Lui Bunting

10 months ago

Armstrong is the best known scammer on the planet. Always the smartest guy after the fact. Search the web: Armstrong Socrates Scam Martin Armstrong seems to find a need to wrap basic and well known (or what should be well known ) concepts in cloaks of mystery that only he – and his computer – can divine

https://www.spreaker.com/episode/martin-armstrong-s-socrates-2024-election-and-economic-forecasts-5993—58512889


35 posted on 01/03/2025 6:18:21 PM PST by TexasGator (11i.11'1/'1/11111)
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To: Toddsterpatriot

Martin Armstrong lays out a scenario where the EU disintegrates, the US breaks up into several countries, and civil wars erupt as populations reach their breaking point when it comes to government overreach and the ever-intrusive eyes of the growing surveillance state. Martin also gives his thoughts on the implications of the Yen carry trade, gold’s role as a safe haven asset in uncertain times, and the possibility of a light at the end of the tunnel where humanity comes together in the aftermath of the chaos to come.

https://youtu.be/uMAK8XNt_Zk?feature=shared


36 posted on 01/03/2025 6:25:46 PM PST by TexasGator (11i.11'1/'1/11111)
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To: delta7
He really should devote some of that time to posting articles, criticism is all I see from him.
Armstrong deserves less than criticism. His articles are best described as biased and amplified rehashed old news, used as click bait for the suckers. For example, this credit card dept story is old. And he does not even bother to quote his sources.


It's good practice to check out the integrity of the source (in this case less than zero) before wasting time discussing his stuff. Armstrong spends most of his time promoting himself. No time left for genuine analysis. His blog site is a Potemkin Village.
37 posted on 01/03/2025 6:38:55 PM PST by MoneyBack
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To: MoneyBack; delta7

38 posted on 01/03/2025 7:18:45 PM PST by TexasGator (11i.11'1/'1/11111)
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To: delta7
Banks are naturally against this cap.

Businesses, big and small, are also opposed to the cap.

Easy credit means more consumer spending.

And if the consumer defaults, the bank, not the business, takes the hit. (The bank, of course, pass it on to other consumers.)

39 posted on 01/03/2025 7:25:58 PM PST by Angelino97
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To: kiryandil; delta7

Armstrong predicted gold would hit $5000 in 2015.

Now, 10 years later, gold has barely seen half that price.

Armstrong predicted that a world financial collapse would happen in 2015.

It never happened.

Now he is predicting a US civil war to start in 2025 with the US breaking into four new countries in 2026.


40 posted on 01/03/2025 7:41:44 PM PST by TexasGator (11i.11'1/'1/11111)
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