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News & Articles By Arsenio Toledo
04/17/2023
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By Arsenio Toledo
French constitutional court approves most of Macron’s controversial pension reform bill, including the unpopular retirement age increase
France’s top constitutional court has approved most of the provisions within President Emmanuel Macron’s flagship pension reform bill despite months of protests and widespread dissatisfaction, especially with the proposal to raise the retirement age. The country’s Constitutional Council approved most of Macron’s pension reform provisions, including its core elements such as the increase in the minimum […]
04/12/2023
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By Arsenio Toledo
Walmart to close half of its stores in Chicago due to millions in annual losses (and a collapsing retail economy)
Walmart announced on Tuesday, April 11, that it will be closing four of its eight stores in Chicago as they cost the retail giant millions in annual losses. Collectively, these stores have not been profitable since the first one opened 17 years ago, costing the company “tens of millions of dollars a year” in losses, […]
04/09/2023
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By Arsenio Toledo
Central banks continue their streak of accumulating more gold in 2023
The world’s central banks continued their streak of accumulating gold during the first two months of 2023, according to the latest report from the World Gold Council. Year-to-date, the world’s central banks made a net purchase of 125 tonnes (137.79 tons) of gold. “On a year-to-date basis … this is the strongest start to a year […]
04/07/2023
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By Arsenio Toledo
Recession fears surge as new job creation slows down, jobless claims rise
Investors are once again concerned that the economy of the United States could dip far enough into a recession as recent jobs data shows a slowdown in new job creation and an increase in jobless claims. According to the Department of Labor‘s report, job openings slipped to 9.9 million in February, the lowest since May 2021. This is […]
04/06/2023
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By Arsenio Toledo
Marjorie Taylor Greene rejects Fed’s digital payment system
Republican Rep. Marjorie Taylor Greene of Georgia has rejected the upcoming Federal Reserve-backed central bank digital currency (CBDC) payment system and has called for the United States to return to the gold standard. Greene was responding to news that the Fed was launching its own digital payment system. On Twitter, she shared an article from CNBC […]
04/05/2023
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By Arsenio Toledo
American banks are sitting on a TIME BOMB of $1.7 trillion in unrealized losses
Banks in the United States are sitting on a time bomb of unrealized losses totaling around $1.7 trillion. This is according to a study released on March 13 by the New York University Stern School of Business (NYU Stern) that took a closer look at the unrealized losses banks in the U.S. were likely holding. The study […]
04/04/2023
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By Arsenio Toledo
BRICS nations rapidly working to create common currency to counter US dollar’s global hegemony
A Russian official has admitted that BRICS is working to create its own currency to challenge the dominance of the United States dollar and potentially replace its hegemonic position in international trade. BRICS, an international economic alliance of Brazil, Russia, India, China and South Africa, has received a boost in support of its de-dollarization efforts following […]
04/03/2023
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By Arsenio Toledo
Social Security reserves draining faster than expected
Social Security’s reserves are being drained at a faster rate, and the benefits it pays out to sustain about 67 million Americans are now set to be depleted in 2034, one year earlier than previously projected. An economic slowdown, persistently high and record-breaking inflation and weaker productivity growth are all contributing to the downturn in Social […]
04/02/2023
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By Arsenio Toledo
Tennessee passes bill authorizing state treasurer to buy, sell and stockpile gold and silver
Tennessee Gov. Bill Lee has signed into law a bill that creates a state reserve that can purchase, sell and stockpile precious metals like gold and silver. Gold experts note that the state law gives Tennessee the ability to “achieve more financial independence with gold and silver reserves” and could prevent the state from feeling […]
03/31/2023
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By Arsenio Toledo
European Parliament to criminalize physical cash use by imposing limit on cash transactions
A member of the European Parliament (MEP) has warned that the European Union (EU) is in danger of “criminalizing” the use of physical cash in favor of using digital currencies with its new anti-money laundering laws. Politicians in the European Parliament, the EU’s main legislative body, have long been campaigning to impose an upper legal […]
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