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News & Articles By Arsenio Toledo
10/06/2022
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By Arsenio Toledo
US national debt hits $31 TRILLION for the first time
The United States’ gross national debt exceeded $31 trillion for the first time in history. According to data released by the Department of the Treasury on Tuesday, Oct. 4, the total national debt was at $31.123 trillion as of Monday, Oct. 3. The data proves that President Joe Biden’s administration is spending more taxpayer dollars than […]
10/04/2022
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By Arsenio Toledo
Gas prices in Los Angeles County hits new record high of $6.466 – nearly double the national average
Gas prices in Los Angeles County hit a record high of $6.466 per gallon on the morning of Monday, Oct. 3. That price topped the previous record high of $6.462 per gallon set on June 14. The average price in the country is 62.6 cents more than a week ago, $1.202 higher than a month ago […]
09/29/2022
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By Arsenio Toledo
Biden administration SUED over student debt forgiveness plan
President Joe Biden’s administration has been hit with a lawsuit seeking to block his executive order canceling thousands of dollars in student debt. The lawsuit claims the student loan relief plan will increase taxes for everybody. Biden and Education Secretary Miguel Cardona revealed the White House’s plan to provide up to $20,000 in relief for people with […]
09/27/2022
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By Arsenio Toledo
Biggest financial crime in America’s history: Billions of taxpayer dollars STOLEN from COVID-19 relief programs
The United States federal government allocated more than $5 trillion in taxpayers’ money to Wuhan coronavirus (COVID-19) relief and stimulus programs. But a still undetermined amount was fraudulently siphoned off, likely amounting to the “biggest fraud that the country has seen,” according to the Americans for Tax Reform (ATR). Dan Savickas, director of tech policy […]
09/27/2022
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By Arsenio Toledo
European Central Bank head warns of darkening economic outlook for the continent, raising recession fears
European Central Bank (ECB) President Christine Lagarde said on Monday, Sept. 26, that the economic outlook for the continent “is darkening” as it faces lower-than-expected economic growth due to uncontrolled inflation Lagarde made her remarks before the European Parliament’s Committee on Economic and Monetary Affairs during a hearing regarding whether the Eurozone – the areas […]
09/21/2022
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By Arsenio Toledo
Collapse incoming: Pope Francis orders Holy See to transfer all assets to Vatican Bank to protect the Church’s finances
Pope Francis has ordered the Holy See to transfer all of its financial assets into the Institute for Works of Religion, commonly known as the Vatican Bank, by Oct. 1. The Holy See is the central government of the Roman Catholic Church and falls under the episcopal jurisdiction of the pope in his capacity as the leader […]
09/16/2022
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By Arsenio Toledo
August food inflation jumped by 11.4%, but experts warn the worst is yet to come
The latest inflation report from the Bureau of Labor Statistics shows that food prices once again rose by 11.4 percent year-over-year, and food inflation is now at its highest point since 1979. The Consumer Price Index report for August showed that prices on all items in the United States rose by 8.3 percent from Aug. 2021 […]
09/14/2022
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By Arsenio Toledo
American imports of Russian ferrous metals dropped to near-zero in July
Russian exports of ferrous metals to the United States dropped in July to nearly zero – $0.6 million. The massive nosedive in American metals imports comes after Washington, D.C. released its latest list of Russian goods targeted by massive import tariffs in late June. These are part of America’s economic sanctions against Russia for the special […]
09/14/2022
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By Arsenio Toledo
Americans spent more on taxes than on food, healthcare, clothing and education COMBINED in 2021
Americans spent more on taxes in 2021 than on food, healthcare, education and clothing combined. Overall, taxes accounted for about 25 percent of average consumer spending. This was according to the consumer spending data from the Department of Labor‘s Bureau of Labor Statistics (BLS). The BLS report on 2021 consumer expenditures was released on Thursday, Sept. 8. It […]
09/14/2022
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By Arsenio Toledo
World’s second-largest home appliance manufacturer reports massive drop in demand – another ominous sign pointing to GLOBAL RECESSION
Swedish company Electrolux AB, the world’s second-largest manufacturer of home appliances, recently announced a cost-reduction program after reporting a steep decline in demand for the company’s products during the third quarter of the year. Demand from Europe and the United States for the company’s core appliances has plunged in the third quarter and at a […]
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