marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
market crash
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 […]
12/12/2024
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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 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 Arsenio Toledo
Wendy’s announces closure of 140 restaurants nationwide
Wendy’s has announced the closure of 140 underperforming locations in the United States. This decision is part of a strategic effort to streamline operations, improve profitability and focus on high-growth areas. The 140 restaurant closures were identified through a comprehensive, data-driven review. These locations were described as outdated and underperforming, with financial results “well below […]
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 Ethan Huff
Western attempts at crippling Russia’s economy with sanctions have FAILED, warns Putin
Russian President Vladimir Putin is laughing at the West with its failed attempts to cripple Moscow with sanctions. The only thing those sanctions have done, Putin said this week at the plenary session of the VTB “Russia is Calling!” Investment Forum, is strengthen Russia, whose businesses are “adapting and thriving,” to quote one media report, […]
12/06/2024
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By Ethan Huff
New BRICS banking system will render Western sanctions on Russia USELESS
Former chancellor of Exchequer (British revenue collector) Lord Lamont of Lerwick is warning the world that if BRICS creates its own separate banking system separate from the U.S. dollar, all Western sanctions against Russia and its allies will be rendered completely useless. With growing talk about the BRICS countries – Russia, China, India, Brazil and […]
12/06/2024
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By News Editors
Europe is again on the brink of financial Armageddon. This time it may not step back
How they laughed when Britain’s hard-won reputation for pragmatic and stable government descended into chaos in the aftermath of the vote for Brexit. (Article by Jeremy Warner republished from Telegraph.co.uk) How they gloated and delighted in saying “told you so” when Liz Truss threw caution to the wind and in an act of breath-taking recklessness […]
12/05/2024
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By Cassie B.
U.S. pension systems are on the verge of debt collapse
Pension systems throughout the U.S. are falling deeper into what experts term “pension debt paralysis,” even in the face of record-setting contributions from state and local governments. The city of Milwaukee was recently given a grade of D by Truth in Accounting for its financial position due to its pension system’s huge net liability of […]
12/05/2024
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By Ethan Huff
Trump fires warning shot at BRICS, threatens “100% tariffs” if China, Russia develop U.S. dollar alternative currency
On Truth Social this week, President-elect Trump fired warning shots at the BRICS alliance, which is threatening to create an alternative to “the mighty U.S. dollar,” as Trump called it. With Russia and President Putin leading the way, BRICS is feverishly working to offload all dependence on the U.S. dollar, which is more honestly called […]
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