marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
big government
12/13/2024
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By Ava Grace
Report: U.S. manufacturing sector slashed 26,000 jobs in November as industry woes persist
The U.S. manufacturing industry shed 26,000 jobs in November, following a loss of 19,000 jobs in October Private employers added 146,000 jobs in November, falling short of analysts’ expectations of 150,000, with goods-producing industries showing only a 6,000-job gain. Manufacturing was the weakest sector, and another report highlighted that the industry has been contracting for […]
12/13/2024
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By Ramon Tomey
Milei’s miracle: Argentina achieves historic BUDGET SURPLUS after 123 years of DEFICITS
Argentina achieved its first budget surplus in 123 years, marking a significant milestone for the country’s fiscal health. Argentine President Javier Milei led bold reforms, including deep budget cuts in public administration, healthcare and education, and measures to curb corruption and hyperinflation. Within a year, Milei reduced the national budget deficit to zero and cut […]
12/13/2024
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By Willow Tohi
Unsustainable: Yellen resigns, leaving behind over $36 TRILLION in debt — the highest in U.S. history
– The federal deficit has reached unsustainable levels, with the U.S. national debt surpassing $36 trillion, largely due to reckless fiscal policies under the Biden administration. – Treasury Secretary Janet Yellen acknowledged concerns over the lack of progress in reducing the deficit, admitting that the deficit needs to be brought down amid rising interest rates. […]
12/13/2024
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By Lance D Johnson
DOGE faces monumental task as U.S. budget deficit SOARS TO RECORD HIGH going into 2025
The U.S. budget deficit has reached unprecedented levels, with November spending at a record-high $584.2 billion, marking a 14 percent increase from the previous year. The Biden administration’s fiscal policies are criticized for exacerbating the financial situation, leading to a potential collapse of the U.S. monetary system. Government spending on health, defense, and Social Security […]
12/12/2024
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By Willow Tohi
Shocking fiscal irresponsibility: Biden administration presides over worst deficit in U.S. history
– Record-Breaking Budget Deficit: In the first two months of fiscal 2025, the U.S. government recorded a $624.21 billion budget deficit, marking the worst start to a fiscal year on record, with November alone seeing a $367 billion deficit. – Surge in Government Spending: A 14% increase in government spending, particularly in health care, defense, […]
12/12/2024
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By Ava Grace
Russia considering developing a strategic Bitcoin reserve
The Russian government is exploring the creation of a strategic Bitcoin reserve to enhance the country’s financial stability amid economic sanctions and global financial unpredictability. Russia argues a Bitcoin reserve is immune to international sanctions and offers an alternative to traditional currency reserves that are subject to inflation and geopolitical pressures. Russia’s leadership has shown increasing openness […]
12/12/2024
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By Willow Tohi
China resumes gold purchases, sparking market rally and shaping global gold dynamics
China Resumes Gold Purchases: The People’s Bank of China (PBOC) restarted gold buying in November after a six-month pause, sparking a surge in gold prices to two-week highs. Catalyst for Price Surge: The resumption of Chinese gold purchases, following an 18-month buying streak, acted as a key driver for the recent price jump, breaking a […]
12/11/2024
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By News Editors
With Trump’s victory, America’s long national nightmare is over
“My fellow Americans, our long, national nightmare is over,” the soon-to-be President, Gerald R. Ford, declared on August 9, 1974, upon taking the Oath of Office — following President Nixon’s resignation in the aftermath of Watergate. (Article by David Keltz republished from AMGreatness.com) Those nine words could not be more appropriate to describe what President […]
12/10/2024
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By Ethan Huff
Pension system crumbling: Milwaukee system receives “D” grade for $2.1B net liability
A newly released Legislative Audit Bureau report on Milwaukee’s finances and pension system contains disturbing findings that suggest a crumbling towards bankruptcy type of situation for the Midwestern city. At the end of 2023, the Milwaukee pension system had a net liability of $2.1 billion and a fiduciary net position of $5.8 billion. We also […]
12/09/2024
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By Willow Tohi
Trump’s energy plan: A path to American prosperity and security
Trump’s administration prioritizes oil and gas drilling to reduce reliance on foreign energy sources, enhancing national security and economic resilience. The oil and gas industry supports over 10.3 million jobs and contributes nearly 8 percent of the U.S. GDP, with annual investments of $227 billion in infrastructure. The industry’s average salary of $102,221 in 2017 […]
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