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News & Articles By News Editors
10/04/2023
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By News Editors
WeWork on brink of default as $95 million in interest payments skipped
WeWork Inc. skipped interest payments totaling $95 million due on Monday on five of its bonds, triggering a 30-day grace period. This comes two months after the struggling co-working start-up warned that “substantial doubt exists” about staying in business and one month after WeWork CEO David Tolley said the company “will seek to negotiate terms with our […]
10/03/2023
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By News Editors
Trigger for next financial implosion
“U.S. Banks are facing some $600 billion of unrealized losses, roughly 25% of total banking capital, near the highest levels in history.” – Automatic Earth (Article republished from TheBurningPlatform.com) The U.S. banking system and likely, the global banking system, is essentially bankrupt. They just won’t admit it and central bankers won’t let them admit it. These […]
10/02/2023
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By News Editors
Almost half of all young adults in the United States are living with their parents
When are we going to wake up and admit that our system is failing? If close to half of our young adults find themselves needing to live with their parents, we have a major crisis on our hands. Yes, there are some young people that are simply lazy and don’t want to work hard enough. […]
09/29/2023
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By News Editors
Germany went from envy of the world to the worst-performing major developed economy. What happened?
ESSEN, Germany (AP) — For most of this century, Germany racked up one economic success after another, dominating global markets for high-end products like luxury cars and industrial machinery, selling so much to the rest of the world that half the economy ran on exports. (Article by David McHugh republished by APNews.com) Jobs were plentiful, […]
09/27/2023
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By News Editors
What life is really like in America’s hellish inner cities
All over the United States, major cities are descending into a state of chaos. Every day, more migrants that came pouring through our wide open borders arrive in our inner cities, and many of them end up joining gangs or selling drugs. Meanwhile, more of our young people get hooked on drugs with each passing […]
09/27/2023
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By News Editors
The coming Ukraine collapse and the “rebuilding” headfake
Marguerite Yourcenar salvaged one of the finest lines in all literature from the first version of her masterpiece Memoirs of Hadrian: “I begin to discern the profile of my death.” We are approaching that point with Ukraine, not just its military campaign, but also its economy. That baked-in collapse has been camouflaged by the bizarre pretense […]
09/18/2023
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By News Editors
The coming collapse of the global Ponzi scheme
It won’t be long before governments around the world, including the one in Washington, self-destruct. (Article by George Ford Smith republished from Mises.org) Strong words, but anything less would be naïve. As economist Herbert Stein once said, “If something cannot go on forever, it has a tendency to stop.” Case in point: fiat money political regimes. Interventionist […]
09/13/2023
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By News Editors
This is where we are!
If you take stock of where we have traveled as a nation these last two and a half years, one can only marvel in disgust at the divergence in our morality, standard of living, personal safety, national and economic security, and sense of well-being. (Article by Ray DiLorenzo republished from CanadaFreePress.com) Pride in our nation is […]
09/13/2023
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By News Editors
Welcome to the real estate industry apocalypse
Higher interest rates are absolutely strangling the real estate industry, and there is no relief in sight. The sudden shift from a very low interest rate environment to a much higher interest rate environment has paralyzed sales. As I have discussed previously, very few homeowners that are currently locked into a mortgage at a low interest […]
09/12/2023
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By News Editors
What is going on? Three separate coin shop owners shocked as their bank accounts suddenly shut down with no reason given
Three separate coin shop owners have found their bank accounts suddenly shut down without any prior notice or explanation from their financial institutions. (Article by Jim Hoft republished from TheGatewayPundit.com) Bank Shuts Down ‘Silver Stackers and Gold Stackers’ Shop’s Business and Personal Accounts An Ohio-based coin shop owner recently took to YouTube to share alarming […]
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