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News & Articles By Arsenio Toledo
04/06/2023
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By Arsenio Toledo
Marjorie Taylor Greene rejects Fed’s digital payment system
Republican Rep. Marjorie Taylor Greene of Georgia has rejected the upcoming Federal Reserve-backed central bank digital currency (CBDC) payment system and has called for the United States to return to the gold standard. Greene was responding to news that the Fed was launching its own digital payment system. On Twitter, she shared an article from CNBC […]
04/05/2023
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By Arsenio Toledo
American banks are sitting on a TIME BOMB of $1.7 trillion in unrealized losses
Banks in the United States are sitting on a time bomb of unrealized losses totaling around $1.7 trillion. This is according to a study released on March 13 by the New York University Stern School of Business (NYU Stern) that took a closer look at the unrealized losses banks in the U.S. were likely holding. The study […]
04/04/2023
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By Arsenio Toledo
BRICS nations rapidly working to create common currency to counter US dollar’s global hegemony
A Russian official has admitted that BRICS is working to create its own currency to challenge the dominance of the United States dollar and potentially replace its hegemonic position in international trade. BRICS, an international economic alliance of Brazil, Russia, India, China and South Africa, has received a boost in support of its de-dollarization efforts following […]
04/03/2023
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By Arsenio Toledo
Social Security reserves draining faster than expected
Social Security’s reserves are being drained at a faster rate, and the benefits it pays out to sustain about 67 million Americans are now set to be depleted in 2034, one year earlier than previously projected. An economic slowdown, persistently high and record-breaking inflation and weaker productivity growth are all contributing to the downturn in Social […]
03/31/2023
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By Arsenio Toledo
European Parliament to criminalize physical cash use by imposing limit on cash transactions
A member of the European Parliament (MEP) has warned that the European Union (EU) is in danger of “criminalizing” the use of physical cash in favor of using digital currencies with its new anti-money laundering laws. Politicians in the European Parliament, the EU’s main legislative body, have long been campaigning to impose an upper legal […]
03/31/2023
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By Arsenio Toledo
Generative AI could replace up to 300 million mostly white-collar jobs worldwide
A report from investment bank Goldman Sachs warned that the proliferation of artificial intelligence technology could replace the equivalent of 300 million full-time jobs around the world. Specifically, Goldman Sachs warned about generative AI, which can create content indistinguishable from human work. The expansion of generative AI systems is poised to significantly disrupt the job […]
03/30/2023
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By Arsenio Toledo
Just five of Chicago’s largest public pension systems owe more pension debt than the sum of 44 states
The public pension funds of the City of Chicago owe so much debt that they rival the debt held by 44 states. This is according to the Illinois Policy Institute, a libertarian public policy think tank, which found that the city has $48 billion pension debt. The massive size of Chicago’s pension fund underscores how difficult […]
03/30/2023
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By Arsenio Toledo
Global fake food market projected to be worth up to $3 trillion in the near future
Despite the recent drop in sales of fake meat, the entire fake food industry is still expected to grow, with some experts suggesting the entire market could be worth up to $3 trillion. This is according to management consulting firm McKinsey & Company, which claimed that as much as 60 percent of all materials inputted into the […]
03/30/2023
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By Arsenio Toledo
Fed claims it warned Silicon Valley Bank management about risks stemming from its business model as early as fall 2021
Federal Reserve Vice Chair for Supervision Michael Barr claims it warned Silicon Valley Bank’s management as early as the fall of 2021 regarding the risks stemming from its business model. Barr made this claim during a hearing in front of the Senate Committee on Banking discussing whether the Fed should implement stronger banking regulations, supposedly to […]
03/29/2023
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By Arsenio Toledo
Inflation remains a problem for middle- and lower-income Americans as Biden’s Federal Reserve keeps raising interest rates
Inflation continues to haunt middle and lower-income working folks in the United States as the administration of President Joe Biden is still unable to properly resolve the inflation crisis. In an interview with Fox Business, conservative economist and commentator Larry Kudlow talked about it and blamed Biden’s policies for the ongoing situation. (Related: Federal government hides true rate of […]
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