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News & Articles By JD Heyes
06/08/2021
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By JD Heyes
Russia dumping all U.S. dollars in its sovereign wealth fund and will switch to euros, China’s yuan and physical gold
Likely sensing that the Biden regime is out to crash the U.S. economy with its job-killing, dependency policies, Russia is moving to ditch all dollar holdings in its ‘rainy day’ fund and replace them with gold, euros and China’s yuan. “Russia on Thursday said it would ditch all U.S. dollar assets in its National Wealth Fund […]
09/07/2020
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By JD Heyes
New York City trying to borrow more money to avoid laying off 22,000 city employees who are no longer needed — DEBT will only lead to financial DEMISE
The reason why Democrat-run cities are failing is because Democratic policies are so destructive. And they are failing, to be sure: In fact, according to a recent analysis by John Perazzo, author of “Betrayal: The Democratic Party’s Destruction of America’s Cities,” found that 42 of 43 cities with the highest crime and poverty rates are […]
08/13/2020
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By JD Heyes
Gavin Newsom blames Trump for his state’s massive budget shortfall; ignores economic fallout from his own coronavirus lockdowns
We knew it would come to this, and it has. Left-wing Democratic governors all over the country, among the first to order their states closed for business due to COVID-19 and among the last to lift shutdown orders, some of which are now six months old, are blaming President Donald Trump for the easily predictable […]
05/04/2020
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By JD Heyes
Big government fail: Publicly traded companies snagged $1 billion in coronavirus relief funds meant for small businesses
If you ever needed another example of why it’s foolish to rely on big government to ‘solve our problems,’ this should do the trick. As most readers know, in late March Congress passed a “coronavirus stimulus package” worth some $2.2 trillion, and part of that money was supposed to be spent keeping small businesses afloat […]
05/03/2020
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By JD Heyes
Coronavirus pandemic leads to cratering of Airbnb bookings, setting U.S. up for another housing bust like the “Great Recession”
The development of the Airbnb concept was touted as the next wave in the hospitality industry, driven by a Silicon Valley-powered network and good old-fashioned principles of capitalism. Would-be entrepreneurs borrowed money to buy new properties they could ‘rent out’ as the virtual bed-and-breakfast idea took flight. “At first it works. Your properties fill up, […]
04/21/2020
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By JD Heyes
Can you say “fraud?” Large companies stepping in to take coronavirus relief loans meant for SMALL businesses
The biggest problem with showering the country with money under the guise of trying to provide ‘relief’ for people, whether it’s the economic crisis of 2009 or the Wuhan coronavirus (COVID-19) pandemic, is that such helicoptering of money rarely comes off as efficient. What’s more, when there are literally trillions of dollars up for grabs, […]
04/16/2020
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By JD Heyes
Dems propose ENDLESS helicopter money during the pandemic, just pay everybody to stay home… this is NOT an economy
Democrats are continuing to use the Wuhan coronavirus (COVID-19) pandemic to advance their Left-wing agenda of socialism, which will not only prolong the economic fallout but will actually propel the country into perpetual depression. Prior to the outbreak, hard-core Leftist Democrats were pushing a scheme known as ‘basic universal income,’ where by the federal government […]
04/13/2020
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By JD Heyes
Are you ready for the big pension fund bailout of 2020? Governors who imposed coronavirus lockdowns now want taxpayers to cough up $500 billion
We’ve been carefully monitoring the fiscal health of several states with mounting pension fund debt for several years because a couple of them have been teetering on the edge of bankruptcy. One of them was California, but thanks to the omnipresence of successful tech start-ups in Silicon Valley, the state’s Democrats who created the pension […]
04/05/2020
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By JD Heyes
Liberal states facing a COLLAPSE of state incomes thanks to coronavirus shutdowns: Will pensions collapse, too?
The longer the Wuhan coronavirus (COVID-19) pandemic lasts, the longer governors and mayors will keep ‘stay-at-home’ policies in place, and the longer those last, the longer ‘non-essential’ businesses will be closed and Americans will be laid off from their jobs. And the longer states will be starved for income taxes, which is creating a new […]
04/02/2020
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By JD Heyes
Jobless claims in the U.S. hit 6.6 million… prepare for the “Great Depression” of the 2020s thanks to massive coronavirus layoffs
To say that the employment situation in America is bad and getting worse is probably the understatement of the year. After mayors and governors have shut down most of their cities and states around the country, ordering businesses deemed “non-essential” to close their doors in an effort to help contain the Wuhan coronavirus, most rational […]
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