marketcrash
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News & Articles By Ramon Tomey
04/05/2023
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By Ramon Tomey
Mexico planning to join BRICS amid tensions with the US
Mexico has expressed interest in joining the five-member BRICS group of emerging economies, amid tensions with its northern neighbor – the United States. Mexican Foreign Minister Marcelo Ebrard said the country shares the vision and values of the BRICS group. He also expressed hope that Mexico City will deepen its cooperation with the group in […]
04/04/2023
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By Ramon Tomey
Restaurant industry collapsing across the US, with several popular chains permanently CLOSING DOWN numerous locations
Several U.S. restaurant chains are closing down different locations across the country to streamline operations and cut costs – a consequence of the Wuhan coronavirus (COVID-19) pandemic and labor shortages. A report by the Daily Mail named several chains that downsized their operations, including several familiar brands. Applebee’s Casual dining chain Applebee’s has closed around […]
04/03/2023
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By Ramon Tomey
Russia to increase oil supplies to India under new deal
Russia has agreed to increase oil supplies to India under a new deal, further chipping away at the dominance of the petrodollar. Russian oil firm Rosneft confirmed the agreement in a March 29 statement. According to the statement, company CEO Igor Sechin signed a deal with the Indian Oil Corporation Limited (IndianOil) “to substantially increase […]
04/03/2023
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By Ramon Tomey
China settles first LNG trade using YUAN – a major blow to the petrodollar
The People’s Republic of China settled its first liquefied natural gas (LNG) trade using the yuan, its own currency – dealing a major blow to the petrodollar. The Shanghai Petroleum and Natural Gas Exchange (SPNGE) confirmed the deal in a March 29 statement sent to Reuters. According to the statement, the trade between the state-owned […]
03/27/2023
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By Ramon Tomey
Crypto exchange SUSPENDS trading of tokens for NYC and Miami
A cryptocurrency exchange suspended trading of two so-called “CityCoins” on its platform due to limited liquidity of tokens. In a March 9 statement, crypto exchange Okcoin confirmed the suspension of trading for New York City’s NYCCoin and MiamiCoin for the city of Miami. Both the mayors of the Big Apple and the Magic City backed […]
03/20/2023
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By Ramon Tomey
Sen. Mark Kelly calls for social media CENSORSHIP of economic chatter to prevent bank runs
Sen. Mark Kelly (D-AZ) has called for social media censorship to prevent bank runs. During a March 13 conference call about the bailout for the California-based Silicon Valley Bank (SVB), Kelly asked representatives from the Department of the Treasury, the Federal Deposit and Insurance Corporation and the Federal Reserve if they had a way to […]
03/16/2023
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By Ramon Tomey
Pension funds lose MILLIONS following SVB and Signature collapse
Several pension funds in the U.S. and other countries have lost millions of dollars due to their investments in Silicon Valley Bank (SVB) and Signature Bank, two financial firms that recently collapsed. A March 14 report by Newsweek revealed that pension funds California Public Employees’ Retirement Fund (CalPERS) and California State Teachers’ Retirement System (CalSTRS) incurred losses […]
03/15/2023
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By Ramon Tomey
Economist: Silicon Valley Bank collapse just the “tip of the iceberg” under Biden admin’s reckless economic policies
An economist has warned that the recent collapse of California-based Silicon Valley Bank (SVB) was only the “tip of the iceberg” under the Biden administration’s economic policy. Freedom Works Chief Economist Steve Moore put in his two cents on the bank’s failure during a March 13 appearance on Fox News. He warned the conservative outlet […]
03/15/2023
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By Ramon Tomey
Tyson Foods to close two chicken processing plants; almost 1.7K jobs affected
Meat giant Tyson Foods announced that it will close two of its facilities for processing chicken, affecting close to 1,700 jobs. The Springfield, Arkansas-based meat processing company confirmed the closure of its two plants – one in Van Buren, Arkansas and another in Glen Allen, Virginia – to CNBC. The Van Buren facility with 969 […]
03/14/2023
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By Ramon Tomey
Silicon Valley Bank collapse sends investors scrambling toward bonds, gold
The collapse of California-based Silicon Valley Bank (SVB) sent investors scrambling toward bonds and gold to keep their assets safe. SVB failed on March 10 after a bank run depleted its funds. The California Department of Financial Protection and Innovation subsequently seized the bank and put it under the receivership of the Federal Deposit Insurance […]
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