ProFutures Investments - Managing Your Money
Gary D. Halbert - ProFutures Investments
Gary D. Halbert
President & CEO

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Household Debt Rises to New Record of $13 Trillion
November 21, 2017

A new report from the Federal Reserve Bank of New York last week found that US household debt hit another record high in the 3Q of almost $13 trillion. The largest increases came in student loans, auto debt and credit cards. I’ll share the details with you just below.

Following that discussion, we’ll shift gears entirely and look at the rapid increase in sexual harassment charges of late.  Specifically, I’ll share a closely-guarded secret that Congress would rather we not know about. Did you know that there is a taxpayer-funded slush fund in Washington that politicians can tap to buy-off their accusers? Neither did I until recently.

You will be shocked to learn how many accusers have filed complaints and been paid-off with money from the slush fund since the late 1990s. Over $15 million in claims have been paid, without us knowing who they were paid on behalf of. This is preposterous! 

Yet this story gets even worse, unfortunately. As you’ll read later on, those who accuse members of Congress or their senior staffers of sexual harassment are often presumed to be guilty of lying until their claims can be verified. But I’m getting ahead of myself.

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