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News & Articles By Cassie B.
07/31/2024
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By Cassie B.
Ukraine’s credit rating downgraded again by Fitch over $20 billion debt restructuring
The credit rating agency Fitch has downgraded Ukraine’s credit rating as the conflict with Russia continues, cautioning that a default is imminent. Fitch moved the country from a CC rating to C after they reached an agreement, at least in principle, with foreign investors for restructuring their $20 billion debt on Monday. Last week, Ukraine’s […]
07/25/2024
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By Cassie B.
Fortune 500 companies to incur more than $5 billion in losses from CrowdStrike outage – and that’s EXCLUDING Microsoft
The damage from the huge IT outage caused by CrowdStrike on machines running Microsoft software last week that brought air traffic to a standstill, left some hospitals unable to provide certain services, and rendered many businesses unable to operate is still being tallied, but the modeling and insurance services firm Parametrix has already come up […]
07/12/2024
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By Cassie B.
America’s sanctions will put an end to U.S. dollar dominance, entrepreneur warns
U.S. sanctions are killing the American dollar’s longstanding global dominance, a Russian entrepreneur is warning, and the growing power of the BRICS coalition shows just how serious much of the world is about moving away from the greenback. In a recent interview with Tucker Carlson, the founder of Russian fertilizer producer EuroChem, Andrey Melnichenko, explained […]
07/11/2024
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By Cassie B.
Saudi Arabia threatened to sell European debts if G7 confiscates Russian assets
Saudi Arabia threatened to sell off some of its European debt holdings earlier this year if the G7 went forward with rumored plans to seize nearly $300 billion in Russian assets it had frozen. One source who was aware of the discussions described it to Bloomberg as a “veiled threat,” while two sources said that […]
07/04/2024
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By Cassie B.
John Deere laying off hundreds more workers in the Midwest and shifting production to Mexico
Farm equipment manufacturer John Deere has announced another round of layoffs due to the slowing American economy and a reduction in demand that is prompting them to shift their production to Mexico. The company, which is the top seller in the world of tractors and crop harvesters, has given 610 production staff at its Iowa […]
06/26/2024
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By Cassie B.
Russia says countries that join BRICS can’t participate in unilateral sanctions
Russian Deputy Foreign Minister Sergey Ryabkov has announced a major condition that will apply to all countries that are interested in joining the BRICS+ economic coalition of nations. At a Moscow press conference this week, Ryabkov asserted: “For us, one of the key criteria for admission to BRICS and welcoming partner states is non-participation…in the […]
06/13/2024
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By Cassie B.
85,000 Users locked out of savings accounts at “YouTube Bank” as fears over bank failure grow
America’s next big bank failure is only a matter of time, and the current problems of the so-called “YouTube Bank” should serve as a reminder to everyone with savings accounts that their money isn’t as safe as they’d like to think. The “YouTube Bank” is not really a bank in the technical sense, despite the […]
06/04/2024
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By Cassie B.
ESCAPE FROM NY: Rigged Trump trial will devastate NY real estate and commercial investment sector
Some prominent New York real estate investors are warning that the rigged Trump trial will have a devastating effect on real estate and commercial investment in the city. One expert voicing this concern is Cardone Capital Founder Grant Cardone, who spoke to Fox Business about the effects the trial could have on the city’s economy. […]
05/31/2024
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By Cassie B.
Thailand announces intention to join BRICS, accelerating dollar’s demise
Thailand has announced its intention to become a member of the BRICS economic bloc in a move that could accelerate the demise of the U.S. dollar. This is according to Thai government spokesman Chai Wacharonke, who said in a statement that the country’s cabinet in Bangkok has now given the go-ahead to an official letter […]
05/29/2024
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By Cassie B.
The U.S. economy is so bad that even dollar discount store chains are closing down
Dollar stores have long been popular among bargain-seeking Americans, so you’d expect business to be booming as the economy goes down the drain. However, it turns out the opposite is happening: the economy has gotten so bad that even dollar stores can’t keep their doors open. The California-based discount store chain 99 Cents Only recently […]
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