marketcrash
bitcoincrash
pensions
nationaldebt
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debtcollapse
Federal Reserve
11/17/2023
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By Cassie B.
Bank payment processing outages highlight risks of relying on electronic banking
Last week, a number of American banks could not process payments for a few days, leaving some customers in a precarious financial situation as transfers and deposits failed and highlighting the risks of relying on electronic banking. The effects of the outages were far-reaching. Many people’s payroll direct deposits failed, leaving them unable to access […]
11/14/2023
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By Belle Carter
Unstable U.S. Treasury market experiences its worst day in the last six months
The U.S. Treasury market has been awfully shaky for quite a while but it had its worst day in six months on Thursday, November 9, as measured by the performance of the Bloomberg Treasury Index. A disastrous auction of 30-year Treasury bonds sent long-maturity yields soaring as investors demanded additional compensation for funding a ballooning […]
11/10/2023
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By News Editors
‘Terrorist’ economy: Washington is prepared to create a new financial disaster for the whole world
There is a mantra that has essentially become axiomatic: the US Treasury market is the deepest and most liquid in the world. And a corollary to that is: US Treasury bonds are ‘risk free.’ (Article republished from RT.com) These once-taken-for-granted pillars of eternal truth are looking awfully shaky. The tectonic plates of the US-led global […]
11/07/2023
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By Ethan Huff
Financial failure? Nation’s largest banks just cut 20,000 jobs
A record 20,000 jobs have been shed from the U.S. banking sector, which means a major financial calamity is in the works. America is already technically in a recession, though they redefined that word a few years back to stretch out the collapse, which will soon become more of a depression, if not much worse. […]
10/27/2023
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By Belle Carter
COLLAPSE? Bond bloodbath commences as Fed’s desperate fight against inflation fails
For Wolf Richter, publisher of finance and econ site Wolf Street, the long-term treasury market is finally waking up from its delusion that the Fed is going to gradually cool inflation to its target of two percent. It is also finally admitting it cannot normalize interest rates after having spent 18 months believing in 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, […]
10/09/2023
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By Richard Brown
Iraq to BAN cash withdrawals and transactions in U.S. dollars starting next year
The Iraqi government will ban all cash withdrawals and transactions in U.S. dollar starting Jan. 1, 2024. Mazen Ahmed, director-general of investment and remittances at the Central Bank of Iraq (CBI), said people who deposit dollars into banks before the end of 2023 will still be able to withdraw these funds in dollars next year. However, […]
09/14/2023
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By Arsenio Toledo
Annual inflation surged 3.7% in August thanks to the jump in gas prices
Inflation in August spiked by 3.7 percent compared to last year, with the rise in gas prices accounting for more than half of the monthly inflation increase. The Consumer Price Index (CPI) for August showed that prices were 3.7 percent higher year-over-year, slightly higher than the 3.2 percent reading in July and also higher than […]
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 […]
09/06/2023
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By Laura Harris
More than 60% of Americans are living paycheck-to-paycheck as rising inflation continues to squeeze their budgets
A new study conducted by financial services company LendingClub has revealed that more than six in ten Americans are now living paycheck to paycheck as inflation continues to rise. According to the study, as of July, 61 percent of Americans reported that they were barely making ends meet compared to 59 percent during the same month in 2022. […]
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