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News & Articles By Arsenio Toledo
08/10/2023
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By Arsenio Toledo
Kenyan government SUSPENDS rollout of Worldcoin over potential risks to public safety
The government of Kenya has suspended the controversial tech firm Worldcoin over allegations that the cryptocurrency project is a potential risk to public safety. Worldcoin is founded by OpenAI CEO Sam Altman. The project is unique in that it requires potential users to register their irises to create a unique digital identity which can then be linked […]
08/09/2023
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By Arsenio Toledo
US credit card debt rises to historic high of $1.03 trillion
The total credit card debt in the U.S. has breached the $1 trillion mark. This is according to the Federal Reserve Bank of New York, which noted that total credit card debt rose by nearly five percent, or about $45 billion, during the second quarter of 2023 to a new high of $1.03 trillion. This […]
08/07/2023
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By Arsenio Toledo
OPEC’s crude production DROPS to its lowest level in three years as Saudi Arabia continues to throttle oil production
The Organization of the Petroleum Exporting Countries’ (OPEC) crude oil production has plummeted to its lowest level in three years, largely due to Saudi Arabia implementing deeper cutbacks in production in a bid to shore up global oil prices. Data shows that OPEC’s crude oil output plunged by 900,000 barrels a day last month to an […]
08/03/2023
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By Arsenio Toledo
DEBT BLOWOUT: US debt has soared $1.2T since debt ceiling suspension – and the Treasury expects to add another $1.5T by year’s end
Since the suspension of the United States’ debt limit in early June, the government’s debt has spiked by almost $1.2 trillion to nearly $32.7 trillion. Worse yet, the Department of the Treasury expects another $1.5 trillion added to the national debt by the end of the year. According to data from the Treasury Department, the total […]
08/02/2023
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By Arsenio Toledo
Ukraine received $1.25 billion grant from US taxpayers to pay the wages of government employees
The Ukrainian Ministry of Finance has announced that it has received a $1.25 billion grant from the United States to reimburse state budget expenses, including the wages and social benefits of state employees. The grant came from the U.S. through the Multi-Donor Trust Fund of the World Bank. It is the fifth such package the U.S. has […]
08/02/2023
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By Arsenio Toledo
British banks are now closing the accounts of clients they don’t politically agree with
Banks in the United Kingdom are being accused of instituting their own private social credit score systems as they routinely “debank” individuals whose politics do not align with their own. The first British bank to be accused of debanking is Coutts, a private bank owned by the finance conglomerate NatWest. Coutts and NatWest were alleged to […]
08/01/2023
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By Arsenio Toledo
Nearly 800,000 Californians behind on rent, with over $5B accumulated rental debts
As of early May, more than 768,000 households in California were behind on rent payments, with the accumulated rental debts totaling more than $5 billion. California continues to suffer from some of the most expensive rent prices in the nation, and local organizers warn that the ending of eviction moratoriums could make the situation worse […]
07/31/2023
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By Arsenio Toledo
DUMPING DEBT: Nearly two dozen countries, including many US allies, are dumping their US Treasury bond holdings
Major holders of United States Treasury bonds are selling off American debt at an alarming rate. Even the two major holders of U.S. Treasuries – Japan and China – are starting to sell off their holdings. China began its long process of selling off its massive U.S. debt holdings in June 2019, when it was […]
07/28/2023
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By Arsenio Toledo
BRICS bloc’s proposed gold-backed currency could spell an END to the US dollar
The BRICS bloc of developing nations wants to create a common currency backed by gold. If the organization pushes through with this, it could spell the end for the United States dollar. This is according to multiple experts who warn that BRICS’ proposal to leverage the power of gold could end with these five nations […]
07/26/2023
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By Arsenio Toledo
James Grundvig of AMP News calls FedCoin garbage, says the Fed’s CBDC is nowhere near ready
The central bank digital currency (CBDC) being developed by the Federal Reserve, known alternatively either as the FedCoin or the digital dollar, is unlikely to be ready until next year at the earliest. This is according to recent reports regarding the status of the Fed’s development of a CBDC. (Related: Only 16% of Americans would support […]
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