marketcrash
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News & Articles By Ethan Huff
08/26/2024
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By Ethan Huff
Bureau of Labor Statistics finally admits to LYING about job numbers – so Wall Street can keep its Ponzi scheme going
Bloomberg ran a headline this week admitting that as many as one million of the new jobs that were supposedly created last year do not exist and were merely talking points to prop up America’s “strong” economy. The Bureau of Labor Statistics (BLS) was forced to “revise” its numbers after the private Federal Reserve confronted […]
08/20/2024
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By Ethan Huff
BYE-BYE PETRODOLLAR: 159 Countries now slated to adopt new BRICS payment system
As soon as October, Russia’s long-awaited international BRICS payment system will be ready to go with some 159 countries said to be in the process of ditching the U.S. dollar as their official settlement currency. For several years, Russia and other BRICS member nations have been working on an alternative to the Western-controlled SWIFT international […]
08/19/2024
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By Ethan Huff
Home Depot blaming higher interest rates for plummeting sales, profit outlook
The nation’s largest home improvement retailer is anticipating financial problems in the coming months as the overinflated American economy reaches a breaking point. Even though Home Depot reported second-quarter earnings and sales expectations, things are not as rosy for the coming quarters. The company expects a coming consumer slowdown that will coincide with the upcoming […]
08/18/2024
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By Ethan Huff
Kamala promises to impose PRICE CONTROLS on food to “combat inflation” – will lead to empty shelves and famine
To combat inflation, one of Kamala Harris’ first plans of action as president will be to impose the nation’s first-ever federal ban on “corporate price-gouging in the food and grocery industries,” also known as price controls. After hijacking Donald Trump’s proposed “no tax on tips” position, Kamala recycled an idea proposed by Joe Biden to […]
08/12/2024
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By Ethan Huff
CNN value collapses to near ZERO after parent Warner Bros. takes $9.1 billion writedown
Shares of Warner Bros. Discovery, the parent company of both CNN and TNT, plummeted by 10 percent this week – reaching the lowest price on record – after the company reported serious financial troubles. Warner missed every target across every income statement and throughout its entire operations. The company also wrote down the value of […]
08/08/2024
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By Ethan Huff
Global markets CRUMBLE as worldwide DEPRESSION looms
No matter how many wads of chewed gum the powers the be (TPTB) try to stuff into the gaping holes of their financial Titanic, the ship known as the United States of America is sinking. The temporary rebound being reported on August 6 is simply a momentary reprieve, it would seem, before the bottom falls […]
08/06/2024
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By Ethan Huff
America: What we’re witnessing are the classic final stages of a massive bubble economy right before it COLLAPSES
The U.S. national debt is rising at an increasing rate – it just hit $35 trillion for the first time ever – meaning the amount of time it takes for the next trillion to be tacked onto the tab is getting shorter and shorter. And at some point, the bubble has to pop. The situation […]
08/06/2024
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By Ethan Huff
Financial system IMPLODING at increasing speed as world war, election loom
The media is scrambling for excuses to explain away the stock market cratering event that occurred on August 5. America woke up to blood-red U.S. markets on Monday after Asian and European markets plummeted hours earlier. We are told that “weak economic data last week” is to blame, as is “Friday’s soft U.S. payrolls report” […]
08/05/2024
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By Ethan Huff
Chaos erupts as BLACK MONDAY stock market crash sends most major U.S. brokerages OFFLINE
There is trouble in money land after a Monday premarket stock plunge saw all major U.S. brokerages, including Charles Schwab, TD Ameritrade, Fidelity, Vanguard, E-Trade, Robinhood and Interactive Brokers (IBKR), go offline, preventing traders from selling. Trouble began late Sunday night when the Nikkei 225 in Japan saw an historic 12 percent overnight selloff. Other […]
08/05/2024
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By Ethan Huff
EVs are killing the automobile industry: Mercedes, Porsche, Tesla and Ford all seeing profits “free fall”
Almost nobody wants to purchase an electric vehicle (EV) anymore, and the automobile industry is feeling the heat as profits plummet. Mercedes lost a ton of cash, around 21 percent of its profit stream, following the introduction of a new EV fleet that it hoped would appeal to consumers. It turns out that people are […]
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