marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
government
12/23/2020
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By Divina Ramirez
California restaurants to remain open despite lockdown orders as owners try to survive government tyranny
With COVID-19 cases surging across California, health officials announced a new regional stay-at-home order that took effect on Dec. 5. The order includes a ban on outdoor dining, which many restaurant and bar owners relied on to survive throughout the pandemic. “We are at a tipping point in our fight against the virus,” said Gov. Gavin Newsom. With […]
09/05/2020
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By Ralph Flores
Is China’s banking system headed for a debt collapse?
China’s economy is recovering from the coronavirus shock. The country’s industrial sector, largely paralyzed during the height of the pandemic, is steadily returning to pre-COVID-19 levels, thanks to resilient exports, latent demand and stimulus-driven infrastructure expansion. In addition, increased activity in the construction and services sectors have also bolstered growth. But recovery for the world’s […]
07/27/2020
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By News Editors
Welcome to the Third World, part 31: California makes its case for a bailout
Just a few months ago, California was running surpluses and spreading the wealth around — at least to its affluent voters and public sector employees — as if the good times were here to stay. (Article by John Rubino republished from DollarCollapse.com) Fast forward to the present and it’s all over. Tech stock IPOs – […]
07/01/2020
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By News Editors
Under this new law, cryptocurrency could become illegal
In early 1775, Benjamin Franklin and his European colleague, Charles Dumas, developed a secret method of communicating with each other. (Article by Simon Black republished from SovereignMan.com) Dumas had spent years gathering intelligence in Europe to assist the Americans in their revolt against Britain. But the two needed a secure way to pass information across […]
05/15/2020
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By Franz Walker
Nearly 3 million jobless claims filed last week as coronavirus continues to ravage the economy
A total of 2.981 million Americans filed for unemployment insurance this past week, the Department of Labor reported Thursday. The figure raises the eight-week total for jobless claims to more than 36 million, by far the biggest loss in U.S. history. Last week was the sixth straight week in which new jobless claims have fallen. However, claims remain […]
05/07/2020
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By Franz Walker
Mnuchin: “Too hard to tell” when international travel will resume as coronvirus ravages airlines
As the ongoing coronavirus (COVID-19) continues to wreak havoc on the airline industry, Treasury Secretary Steven Mnuchin advised Americans to focus on domestic travel this year. According to Mnuchin, the international travel outlook for the rest of the year remained uncertain. Responding to a question from Fox Business Network‘s Maria Bartiromo on whether international travel would be […]
04/18/2020
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By Franz Walker
Jobless claims rise by 5.2 million as coronavirus continues its rampage across the economy
The Department of Labor (DOL) reported Thursday that 5.2 million more people filed first-time unemployment claims last week. The additional claims bring the total number of jobless claims for the week ended April 11 followed the 6.6 million claims reported the week before and bring the total claims filed since the coronavirus crisis forced businesses to close to around 22 […]
04/16/2020
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By Franz Walker
Federal Reserve warns coronavirus will continue to ravage US economy
The Federal Reserve warned Wednesday the impact from the coronavirus outbreak could sink the economy even further. In its Beige Book, which contains anecdotal information on current economic conditions in each of the Fed’s districts, industries affected by the lockdown said that they expect “conditions to worsen in the next several months.” Businesses surveyed in the report said […]
04/03/2020
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By Franz Walker
Jobless claims spike to 6.6 million, doubling last week’s record, as layoffs mount amid coronavirus pandemic
A record-shattering 6.6 million jobless claims were filed last week, according to the Department of Labor’s (DOL) weekly jobless claims report. This is more than double the number reported in the previous week, which itself also broke records. The week before, the DOL already reported a then record-setting 3.2 million jobless claims for the week, thanks to […]
04/02/2020
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By Franz Walker
The Fed WARNS more lay-offs are coming as the coronavirus continues to spread
The social distancing measures being put up to try to stop the spread of the coronavirus pandemic have resulted in the worst level of unemployment that the U.S. has seen in a long time. As bad as things are, however, a new estimate by the Federal Reserve is showing that they’re going to get much worse. A […]
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