marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
economic crisis
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 […]
08/15/2024
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By Richard Brown
Fitch downgrades Israel’s credit rating amid prolonged Gaza conflict
Credit rating agency Fitch downgraded Israel’s credit rating from “A+” down to “A” on Monday, Aug. 12, citing ongoing challenges related to the country’s military conflict. Fitch also maintained a negative outlook on Israel’s future credit rating, suggesting that further downgrades could occur if the situation deteriorates. The downgrade reflects the significant impact of the […]
10/11/2023
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By Richard Brown
U.S. mortgage rate surges to highest level in over two decades
U.S. mortgage rate has surged to its highest level in over two decades, driven by the Federal Reserve’s efforts to raise interest rates. Bloomberg recently reported on this, citing a survey by the Mortgage Bankers Association. According to the trade association, the average 30-year fixed mortgage contract rate increased by 12 basis points during the reporting period, […]
09/11/2023
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By News Editors
Peter Schiff: Fed money magicians running out of rabbits
Most people think everything is fine. The Fed is getting inflation under control and soon they’ll be able to cut interest rates, keeping the economy from falling into a deep recession. In his podcast, Peter Schiff poured cold water on this narrative. He explains why the Fed won’t be able to repeat the magic it […]
08/27/2023
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By Belle Carter
BAD NEWS for home buyers: U.S. house mortgage rates SKYROCKET to HIGHEST level in two decades
There is bad news for anyone looking to buy a home in the near future. The Mortgage Bankers Association (MBA) recently reported that mortgage rates in America surged to their highest level since late 2000 last week. The 30-year fixed mortgage rate increased 15 basis points to 7.31 percent in the week ended Aug. 18. […]
07/11/2023
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By Arsenio Toledo
GREEDFLATION: Walmart prepares to increase prices despite reporting 7.33% profit growth
Walmart is expected to once again increase store prices at a time when even the American middle class is struggling to shop for essentials at the big box store that many consider to be one of the cheapest places to get goods. Walmart has been warning for months now that inflation in the United States […]
03/14/2023
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By JD Heyes
Federal regulators close ANOTHER major crypto-centric bank over fears of imminent collapse
Whatever is going on in the banking and financial sector over the past several days, things appear to be getting more dire, not less. In an effort to prevent the banking crisis from spreading, New York state regulators closed down Signature Bank, a major lender in the cryptocurrency industry, on Sunday, according to a report […]
03/01/2023
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By Belle Carter
HOUSING COLLAPSE: Existing home sales drop for 12th straight month
A survey by the National Association of Realtors (NAR) found that sales of existing homes across the U.S. sank for 12 straight months, for a total decline of 36.9 percent. The results of the survey published in Feb. 21 noted that existing home sales in January 2023 fell to four million, compared to 6.34 million […]
02/28/2023
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By JD Heyes
South Africa is officially collapsing under leftist WOKE rule as U.S. embassy issues emergency preparedness instructions to travelers
South Africa, under the left-wing rule of racist black political leaders, has now officially begun to collapse, marking a shocking reversal from being a nation that once secretly developed nuclear weapons. “South Africa has collapsed. US embassy is now informing international travellers to stock up (prepper style) on food and water,” says the beginning of […]
12/26/2022
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By Belle Carter
Housing collapse: Home sales drop for a record 10th straight month
The National Association of Realtors (NAR) reported on December 21 that existing-home sales fell for the 10th straight month in November as the Federal Reserve keeps raising interest rates. The report included the sales of previously owned homes, indicating a decline of 7.7 percent in November from the previous month to a seasonally adjusted annual rate […]
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