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News & Articles By Ethan Huff
02/13/2024
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By Ethan Huff
Israel faces cascading DEBT COLLAPSE as Jewish state hit with credit rating downgrade
If Israel’s war on Hamas and the Palestinian people in general continues to grow and expand to other fronts, the global credit rating agency S&P is warning that it might cut the Jewish state’s sovereign credit rating. Last October, S&P maintained Israel’s current “AA-” rating, despite the war on Gaza. It did, however, lower Israel’s […]
02/13/2024
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By Ethan Huff
Commercial real estate COLLAPSE threatens to trigger a wave of bank failures
America’s distressed commercial real estate sector is once again sending shockwaves throughout the fiat banking system after Moody’s decided to cut New York Community Bancorp’s (NYCB) credit rating to junk status. The move triggered a massive selloff in regional bank stocks that is only expected to worsen as the dire state of commercial real estate […]
02/11/2024
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By Ethan Huff
Biden defies Supreme Court on student debt cancellation, absurdly claims there’s no cost to taxpayers
Republicans are mad that President Biden is continuing to cancel student loan debt through various workarounds to the Supreme Court’s 6-3 ruling last summer against the $430 billion forgiveness plan. At a recent campaign stop in Las Vegas, Biden told his followers that his debt relief plan will continue, regardless of the SCOTUS ruling, and […]
02/09/2024
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By Ethan Huff
Iraq to DITCH U.S. dollar for oil trades, joining growing dedollarization trend
In an effort to dodge ongoing United States sanctions against its banking system, the finance committee of the parliament of Iraq wants all oil sales from here on out to be transacted in currencies other than the Federal Reserve Notes, also known as the U.S. dollar. The committee released a statement chastising the U.S. government […]
02/06/2024
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By Ethan Huff
China’s central bank attempting to spark growth in 2024 by SLASHING banks’ reserve requirements
Last year was a lackluster year for China’s economy, so China’s central bank, the People’s Bank of China, is slashing the reserve requirements for banks in an effort to spark the appearance of economic growth in 2024. With lower reserve requirements, Chinese banks will be able to boost lending to households and businesses, which the […]
02/01/2024
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By Ethan Huff
Swelling DEBT crisis creating financial “death spiral” in America, economist warns
“Black Swan” author Nassim Taleb has a serious warning for America: the country’s debt pile is reaching “death spiral” proportions – and only a “miracle” can save the United States from what comes next. Referring to the mounting U.S. debt load as a “white swan” means a risk event that is highly predictable and probable. […]
01/31/2024
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By Ethan Huff
American businesses, big-box stores increasingly rejecting CASH as forced shift to cashless society accelerates
Despite the fact that around six million people living in the United States do not have bank accounts and are considered to be “unbanked,” a growing number of retail stores, including large, well-known big-box stores, are refusing cash and forcing customers to pay with cards or smartphones. Upwards of one billion people worldwide currently do […]
01/30/2024
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By Ethan Huff
Hong Kong court tells China’s Evergrande property developer to LIQUIDATE with debts of $330 billion
China’s Evergrande Group is finally being liquidated more than two years after it defaulted, thanks to a court order out of Hong Kong. Widely recognized as the world’s most indebted developer, Evergrande currently holds more than $330 billion in total liabilities, which Justice Linda Chan says necessitates a liquidation. Since Evergrande has been unable to offer any […]
01/29/2024
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By Ethan Huff
Check out the TOP 10 job roles that AI is slated to replace
ChatGPT and other related artificial intelligence (AI) programs have become so “skilled” at doing various tasks that multinational corporations like Google, Amazon, IBM and others are making plans to replace human labor jobs with AI robots. The following 10 jobs, mostly white collar, are now at risk due to the threat of AI: 1) Tech […]
01/26/2024
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By Ethan Huff
Utility bills in America hit RECORD HIGHS as heating a home becomes a “luxury”
Last summer, the Biden regime proclaimed that “Bidenomics” is working, and that the United States economy has never been better. Meanwhile, actual data shows that Americans are paying more for utilities and other necessities than ever before. A new report from the National Energy Assistance Directors Association (NEADA) reveals that U.S. household utility debt hit […]
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