marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
dollar demise
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 […]
02/20/2024
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By News Editors
FedEx founder issues dire warning about ‘unsustainable’ government debt
Fred Smith, the founder of executive chairman of shipping giant FedEx, is the latest business leader to sound the alarm that if America’s ballooning public debt is left unchecked, it will threaten to spiral into a catastrophic crisis. (Article by Tom Ozimek republished from TheEpochTimes.com) Mr. Smith was asked during an interview on Fox News […]
02/19/2024
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By Richard Brown
DEDOLLARIZATION IN MOTION: Egypt moves against U.S. dollar, seeks trade settlements with BRICS states
Egypt is actively pursuing negotiations to decrease reliance on the U.S. dollar for trade settlements with other BRICS states, according to the country’s Ministry of Foreign Affairs. The decision to embrace national currencies is driven by the need to counteract rising costs associated with using foreign currencies due to global inflation. Ragy El Etreby, Egypt’s […]
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 […]
02/15/2024
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By Gregory Van Dyke
Global economic war – Where the dollar stands in the chaos
In a recent statement posted to social media, Tucker Carlson explained succinctly his many reasons for traveling to Russia to interview President Vladimir Putin. His decision, mired in an avalanche of outrage from leftist media talking heads and a multitude of western politicians, was inspired by Carlson’s concern that Americans have been misdirected by corporate media propaganda, […]
02/12/2024
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By Arsenio Toledo
Putin claims America is hurting itself by refusing to expand trade relations with China
Russian President Vladimir Putin recently claimed that America is only “hurting” itself by refusing to expand trade relations with China. Putin made this claim during his interview with Tucker Carlson, the video and full transcript of which were published on Thursday, Feb. 8 – the same day Putin held a lengthy phone call with Chinese […]
02/09/2024
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By Ethan Huff
Iraq to DITCH U.S. dollar for oil trades, joining growing dedollarization trend
In an effort to dodge ongoing United States sanctions against its banking system, the finance committee of the parliament of Iraq wants all oil sales from here on out to be transacted in currencies other than the Federal Reserve Notes, also known as the U.S. dollar. The committee released a statement chastising the U.S. government […]
02/02/2024
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By Ramon Tomey
Russian central bank governor claims BRICS group has now surpassed G7 in aggregate GDP
Elvira Nabiullina, the governor of the Central Bank of Russia (CBR), has claimed that the BRICS group has now surpassed the Group of Seven (G7). She issued this pronouncement on Jan. 30, telling the state-owned RIA Novosti news agency that the BRICS member states have exceeded their G7 counterparts in the share of global gross […]
02/02/2024
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By Belle Carter
Warning to the “UNBANKED”: More establishments are no longer taking cash in America
People all across America are reportedly being shut out from stores, restaurants and other businesses as these establishments are now refusing to take cash for payment. Though numerous shops have one sign proudly proclaiming how welcoming and inclusive they are, next to it another says, “No cash accepted.” As a result, the “unbanked” – people who […]
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