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News & Articles By Cassie B.
03/10/2024
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By Cassie B.
Dedollarization efforts continue as India pushes Gulf crude exporters to accept payment in rupees
The Reserve Bank of India is asking all of the country’s main state-owned refiners to make a concerted effort to convince Persian Gulf suppliers to accept payments for crude oil in rupees. Their goal is to push them to accept a minimum of 10% of oil payments in the Indian currency during the next financial […]
03/01/2024
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By Cassie B.
LET THEM EAT FLAKES: Kellogg’s CEO under fire for saying Americans should eat cereal for dinner to save money amid inflation
The CEO of Kellogg’s, Gary Pilnick, has come under fire after suggesting Americans save money in the face of rising food prices by eating cereal for dinner. His comments come at a time when Americans are spending the highest percentage of their income on food in decades at 10%, while the average family spends more […]
02/23/2024
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By Cassie B.
German banks preparing for wave of loan defaults in the face of major real estate crisis
German real estate lender Deutsche Pfandbriefbank is preparing for what it says will be the steepest drop in commercial property values seen in the country in 15 years. During the fourth quarter of 2023, the bank raised its provisions for losses on loans, setting aside more than $230 million for the year to prepare for […]
02/21/2024
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By Cassie B.
Worsenining commercial real estate market woes could spark a new banking crisis
Worries are growing that the U.S. commercial real estate market’s current woes could lead to another banking crisis. This year, around $929 billion in outstanding commercial mortgages will mature, the Mortgage Bankers Association reports. This is a staggering amount that equates to 20 percent of the $4.7 trillion outstanding debt overall. But with higher interest […]
02/16/2024
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By Cassie B.
BRICS and EAEU trade blocs are accelerating the demise of the dollar
The shift away from the U.S. dollar as the dominant currency on the world stage continues in full force, with BRICS and EAEU headed toward full dedollarization. Russian Prime Minister Mikhail Mishustin revealed that the share of national currencies in the mutual settlements for the countries making up the Eurasian Economic Union (EAEU) is now […]
02/07/2024
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By Cassie B.
CBDCs will be used to control and enslave people – but they’re also destined to fail
There is a big reason many countries are working on establishing Central Bank Digital Currencies (CDBCs) and it has nothing to do with convenience, efficiency, or even taxes. Instead, they facilitate control and social engineering by enabling governments to punish and reward citizens in ways that current monetary systems do not allow. Many Americans are […]
02/02/2024
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By Cassie B.
Fake news corporate media is imploding as Los Angeles Times announces massive layoffs amid “financial crisis”
The Los Angeles Times has laid off at least 115 journalists in a massive layoff that accounts for just over 20 percent of its newsroom. The move comes as the company struggles to cope with a “financial crisis.” The head of their union, the Media Guild of the West, Matt Pearce, said that 94 of […]
02/02/2024
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By Cassie B.
Mainstream media’s demise continues as CNN shuts down all operations in the Philippines
Yet another nail has been hammered into the coffin of the mainstream media with the announcement that CNN will be closing its operations in the Philippines after nine years in business. In a press release on their website announcing the closure, they explained: “The decision follows significant financial losses sustained over the past years, despite […]
01/26/2024
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By Cassie B.
Red Sea Houthi attacks will disrupt global supply chains more than any pandemic, sending prices skyrocketing
The supply chain issues that disrupted international trade during the COVID-19 pandemic will pale in comparison to the havoc the current crisis in the Red Sea will cause, experts are warning. The U.S. and U.K. are worried enough about the situation to take proactive measures against the Houthi rebels threatening trade in the crucial sea […]
01/16/2024
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By Cassie B.
Month-over-month U.S. budget deficit rose by 50% in December as financial collapse looms
The U.S. treasury has reported budget deficit information for December, and the situation is so dire that some experts believe a fiscal collapse is inevitable. As the government continues to spend an eye-watering amount of money, it should come as no surprise that total outlays were $559 billion last month, while just $429 billion was […]
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