marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
Collapse
12/13/2024
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By Lance D Johnson
DOGE faces monumental task as U.S. budget deficit SOARS TO RECORD HIGH going into 2025
The U.S. budget deficit has reached unprecedented levels, with November spending at a record-high $584.2 billion, marking a 14 percent increase from the previous year. The Biden administration’s fiscal policies are criticized for exacerbating the financial situation, leading to a potential collapse of the U.S. monetary system. Government spending on health, defense, and Social Security […]
12/12/2024
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By Willow Tohi
Shocking fiscal irresponsibility: Biden administration presides over worst deficit in U.S. history
– Record-Breaking Budget Deficit: In the first two months of fiscal 2025, the U.S. government recorded a $624.21 billion budget deficit, marking the worst start to a fiscal year on record, with November alone seeing a $367 billion deficit. – Surge in Government Spending: A 14% increase in government spending, particularly in health care, defense, […]
12/11/2024
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By Arsenio Toledo
Wendy’s announces closure of 140 restaurants nationwide
Wendy’s has announced the closure of 140 underperforming locations in the United States. This decision is part of a strategic effort to streamline operations, improve profitability and focus on high-growth areas. The 140 restaurant closures were identified through a comprehensive, data-driven review. These locations were described as outdated and underperforming, with financial results “well below […]
12/10/2024
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By Ethan Huff
Pension system crumbling: Milwaukee system receives “D” grade for $2.1B net liability
A newly released Legislative Audit Bureau report on Milwaukee’s finances and pension system contains disturbing findings that suggest a crumbling towards bankruptcy type of situation for the Midwestern city. At the end of 2023, the Milwaukee pension system had a net liability of $2.1 billion and a fiduciary net position of $5.8 billion. We also […]
12/09/2024
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By Ethan Huff
China responds to Trump threat of 100% tariffs on goods from BRICS countries by expanding relationship with its dollar-busting allies
The economic relationship between Russia and China is strengthening after President-elect Donald Trump threatened Beijing with “100% tariffs” should the communist state join the other BRICS nations in developing a trading alternative to the U.S. dollar. Chinese Foreign Ministry Spokesman Lin Jian responded to Trump’s threat this week by indicating that China plans to work […]
12/09/2024
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By Ethan Huff
Western attempts at crippling Russia’s economy with sanctions have FAILED, warns Putin
Russian President Vladimir Putin is laughing at the West with its failed attempts to cripple Moscow with sanctions. The only thing those sanctions have done, Putin said this week at the plenary session of the VTB “Russia is Calling!” Investment Forum, is strengthen Russia, whose businesses are “adapting and thriving,” to quote one media report, […]
12/06/2024
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By Ethan Huff
New BRICS banking system will render Western sanctions on Russia USELESS
Former chancellor of Exchequer (British revenue collector) Lord Lamont of Lerwick is warning the world that if BRICS creates its own separate banking system separate from the U.S. dollar, all Western sanctions against Russia and its allies will be rendered completely useless. With growing talk about the BRICS countries – Russia, China, India, Brazil and […]
12/06/2024
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By Kevin Hughes
Mike Adams: The West has LOST ITS HEGEMONIC RULE over the world
According to the Health Ranger Mike Adams, the West led by America has lost its hegemonic rule over of the world. “The West has already lost its position as the hegemonic rulers of the world, and this is why the West is fighting so hard in Ukraine,” he said during a recent edition of the […]
12/06/2024
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By Ethan Huff
HALF of all U.S. states going BANKRUPT, financial report finds
The future of America hangs in the balance as the country’s financial state is not exactly strong. A recent report from Truth in Accounting has revealed that 27 states across America, more than half, ended fiscal year 2023 with a deficit, meaning they did not have enough money on hand to cover their financial obligations. […]
12/06/2024
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By News Editors
Europe is again on the brink of financial Armageddon. This time it may not step back
How they laughed when Britain’s hard-won reputation for pragmatic and stable government descended into chaos in the aftermath of the vote for Brexit. (Article by Jeremy Warner republished from Telegraph.co.uk) How they gloated and delighted in saying “told you so” when Liz Truss threw caution to the wind and in an act of breath-taking recklessness […]
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