marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
risk
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, […]
12/12/2024
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By Ava Grace
Russia considering developing a strategic Bitcoin reserve
The Russian government is exploring the creation of a strategic Bitcoin reserve to enhance the country’s financial stability amid economic sanctions and global financial unpredictability. Russia argues a Bitcoin reserve is immune to international sanctions and offers an alternative to traditional currency reserves that are subject to inflation and geopolitical pressures. Russia’s leadership has shown increasing openness […]
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 S.D. Wells
One of the BIGGEST BANKS in the world is … STARBUCKS?
Sure, everyone knows if they want some expensive coffee loaded with GMO sugar and conventional dairy products, just drive a mile or less around the corner and grab some Starbucks. What you didn’t know is that Starbucks has more liquid lute in their “bank” than almost any other actual big-name bank in the nation. How’s […]
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 […]
12/11/2024
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By News Editors
With Trump’s victory, America’s long national nightmare is over
“My fellow Americans, our long, national nightmare is over,” the soon-to-be President, Gerald R. Ford, declared on August 9, 1974, upon taking the Oath of Office — following President Nixon’s resignation in the aftermath of Watergate. (Article by David Keltz republished from AMGreatness.com) Those nine words could not be more appropriate to describe what President […]
12/10/2024
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By News Editors
Why Trump must end capital gains tax on Bitcoin
In a world where digital assets are quickly becoming a cornerstone of global finance, the United States stands at a crossroads. The Trump administration has repeatedly emphasized its dedication to making everyday Americans more prosperous. From pledging to restore economic strength on the campaign trail to appointing forward-thinking advisors, the White House seems poised to […]
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 […]
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