by Peter Schiff, Schiff Gold:
Total household debt eclipsed $17 trillion for the first time ever in the first quarter of 2023 as Americans wrestle with persistent price inflation.
After charting the biggest rise in 20 years during the fourth quarter, household debt climbed again in Q1, rising by $148 billion. The 0.9% increase pushed total household debt to $17.05 trillion, according to the latest data by the New York Fed.
Since 2019, household debt has climbed by $2.9 trillion even with a big drop in credit card debt during the pandemic.
An FBI whistleblower has told the United States Congress’ House Select Subcommittee on the Weaponization of the Federal Government that the bureau withheld further CCTV footage from the January 6th Capitol Hill fracas over fears of outing “undercover” agents present in the crowd.
Nearly half of hotel rooms in New York City today are filled with newly arrived border crossers and illegal aliens, living rent-free at the expense of local taxpayers, Mayor Eric Adams (D) says.
