marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
national debt
12/13/2024
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By Ramon Tomey
Milei’s miracle: Argentina achieves historic BUDGET SURPLUS after 123 years of DEFICITS
Argentina achieved its first budget surplus in 123 years, marking a significant milestone for the country’s fiscal health. Argentine President Javier Milei led bold reforms, including deep budget cuts in public administration, healthcare and education, and measures to curb corruption and hyperinflation. Within a year, Milei reduced the national budget deficit to zero and cut […]
12/13/2024
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By Willow Tohi
Unsustainable: Yellen resigns, leaving behind over $36 TRILLION in debt — the highest in U.S. history
– The federal deficit has reached unsustainable levels, with the U.S. national debt surpassing $36 trillion, largely due to reckless fiscal policies under the Biden administration. – Treasury Secretary Janet Yellen acknowledged concerns over the lack of progress in reducing the deficit, admitting that the deficit needs to be brought down amid rising interest rates. […]
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, […]
12/10/2024
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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 […]
12/06/2024
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By Ethan Huff
HALF of all U.S. states going BANKRUPT, financial report finds
The future of America hangs in the balance as the country’s financial state is not exactly strong. A recent report from Truth in Accounting has revealed that 27 states across America, more than half, ended fiscal year 2023 with a deficit, meaning they did not have enough money on hand to cover their financial obligations. […]
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 […]
12/04/2024
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By News Editors
The looming debt crisis: Is America following the path of collapsed empires?
Debt can topple even the most powerful empires. (Article by Nick Giambruno republished from InternationalMan.com) Whether it’s Rome, Spain, France, Britain, or the Soviet Union, excessive debt has played a critical role in their decline. The typical pattern in these examples of collapsing empires is: Stage #1: Empires achieve success and become overconfident. Stage #2: Overconfidence leads […]
11/26/2024
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By News Editors
With or without tariffs, the USD is a Ponzi
With soaring deficits, soaring debt, and interest payments that can only be made by issuing a debt-based currency on which even more interest will be due, the USD can only possibly be described as an elaborate nation-state level bankster Ponzi scheme. (Article republished from SchiffGold.com) Dollars are backed by debt, which requires infinite economic growth to […]
11/17/2024
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By Arsenio Toledo
Trump taps Musk, Ramaswamy to lead Department of Government Efficiency that will focus on reducing government spending
President-elect Donald Trump has just appointed tech billionaire Elon Musk and entrepreneur Vivek Ramaswamy to lead a newly proposed Department of Government Efficiency (DOGE) in a bid to reduce government spending. Trump has indicated that Musk and Ramaswamy will operate outside the confines of the government because DOGE will not actually be a part of the Cabinet […]
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