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News & Articles By Belle Carter
06/26/2024
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By Belle Carter
Insurance giant Allstate loses $1.4 billion in May from catastrophe insurance claims
Insurance giant Allstate Corporation has reported that it lost over a billion dollars in one month from catastrophe insurance claims. Allstate, headquartered in Illinois, suffered around $1.4 billion in pretax catastrophe losses in May. This amounts to around $1.1 billion in payouts after tax. This is triple what it paid out in catastrophe insurance in April, when losses […]
06/25/2024
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By Belle Carter
U.S. Treasury puts Japan back on currency manipulator watchlist for potential foreign exchange malpractices
The United States Department of the Treasury recently announced that it has once again put Japan on a list of major trading partners that it monitors for potentially unfair foreign exchange practices. Japan had been absent from the watchlist since June 2023. Currency manipulation is an effort to tinker with the value of a nation’s currency about […]
06/18/2024
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By Belle Carter
Bank of Israel advances digital shekel plans; CBDC to be used to surveil, control monetary transactions of Israelis
In line with Israel’s push for a digital currency initiative to accelerate its central bank digital currency (CBDC) development, the Bank of Israel (BoI) is set to collaborate with various service providers to create a digital payment system – the digital shekel. Israel’s central bank outlined its plans in an announcement, revealing the launch of the […]
05/28/2024
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By Belle Carter
House passes bill prohibiting Fed from issuing “surveillance tool” CBDC unless authorized by Congress
The U.S. House of Representatives voted on Thursday, May 23 to bar the Federal Reserve from issuing a central bank digital currency (CBDC) unless it has explicit authorization from Congress. Almost along partisan lines, the CBDC Anti-Surveillance State Act, or HR 5403, passed the chamber by a 216-192 vote with 213 Republicans voting in favor […]
05/22/2024
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By Belle Carter
Financial expert Ray Dalio urges investors to move assets out as he forecasts more than 1 in 3 chance of civil war in America
With the current political and economic situation in the United States, billionaire investor Ray Dalio has urged investors to move some of their money to foreign markets. According to him, this is because the chances of a second American Civil War stand better than one out of three and the U.S. government’s rising debt levels […]
05/21/2024
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By Belle Carter
Analysis reveals trucking industry is BALKING at high cost of operating electric rigs
In line with the administration of President Joe Biden’s push for getting rid of greenhouse gases-emitting vehicles and going for electric cars, the trucking industry has also been endorsing battery-electric big rigs. However, an analysis conducted by truck leasing company Ryder System, which manages 250,000 trucks and vans for tens of thousands of retailers and […]
05/20/2024
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By Belle Carter
Nebraska ends capital gains taxes on gold and silver sales
Nebraska Gov. Jim Pillen recently signed into law a measure that would end capital gains taxes on sales of gold and silver. The Cornhusker State has become the 12th state to have enacted pro-sound money legislation to protect the public from the ravages of inflation and runaway federal debt. Nebraska’s sound money bill passed out […]
05/16/2024
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By Belle Carter
Sen. Bernie Sanders, colleagues introduce bill that would pay off Americans’ $220 billion medical debt with government (taxpayer) money
Sens. Bernie Sanders (I-VT) and Jeff Merkley (D-OR), with Reps. Ro Khanna (D-CA.) and Rashida Tlaib (D-MI) recently introduced a new bill that would cancel America’s $220 billion in medical debt, eliminate it from credit reports, block creditors from collecting past medical bills and drastically limit the accrual of future medical debt. According to Sanders, […]
04/19/2024
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By Belle Carter
Expert warns: Banks will claim that your money is no longer yours, may freeze bank withdrawals
Hedge fund manager and macro-economic expert Hugh Hendry has alerted the banking system and the American economy as a whole. “President Joe Biden’s administration may be looking at ways to lock down your checking account, literally ban withdrawals from the banking system,” he warned. In a new interview on Bloomberg Markets, Hugh Hendry said that […]
04/17/2024
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By Belle Carter
Investment analyst warns of another dot-com-style crash as stocks still get next-to-nothing returns
A fund manager recently forecasted that the U.S. stock market will crash, where dismal returns can be seen for the next 10 to 15 years. One of Wall Street’s biggest bears even in the face of the market’s eight percent rally in 2024 and top two percent fund manager Bill Smead, Chief Investment Officer with […]
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