marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
economic riot
05/17/2024
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By Laura Harris
Chinese EV hatchback threatening to disrupt U.S. auto sales with very low price and claims of efficiency
A Chinese electric hatchback car has ignited fears among American automakers and politicians as it makes itself more marketable to Americans while it carves a path through the global automotive industry. In 2023, Chinese electric car manufacturing giant BYD launched Seagull, a budget-friendly electric hatchback or city car billed as performing and having craftsmanship comparable to […]
05/17/2024
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By News Editors
Tens of millions of Americans are “trapped” in an endless cycle of debt that is sucking the life out of them financially
Did you know that U.S. households are 17,690,000,000,000 dollars in debt? Of course household debt is only one part of a much larger story. The federal government is 34 trillion dollars in debt, state and local governments are absolutely drowning in debt and unfunded liabilities, and corporate debt is at an all-time high. As a […]
05/16/2024
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By Belle Carter
Sen. Bernie Sanders, colleagues introduce bill that would pay off Americans’ $220 billion medical debt with government (taxpayer) money
Sens. Bernie Sanders (I-VT) and Jeff Merkley (D-OR), with Reps. Ro Khanna (D-CA.) and Rashida Tlaib (D-MI) recently introduced a new bill that would cancel America’s $220 billion in medical debt, eliminate it from credit reports, block creditors from collecting past medical bills and drastically limit the accrual of future medical debt. According to Sanders, […]
05/16/2024
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By Zoey Sky
China STOCKPILING gold as Chinese investors and consumers remain cautious of real estate and stocks
The current global price of gold has reached its highest levels. At the same time, Chinese investors and consumers remain cautious about real estate and stocks as they stockpile gold at a record pace. Gold is considered by many as a safe investment during times of geopolitical and economic unrest. Recently, gold prices have skyrocketed in […]
05/14/2024
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By Cassie B.
Putin authorizes Russian company to take over German chemical company BASF subsidiary
Russian President Vladimir Putin has granted a domestic manufacturer of paints permission to acquire BASF Vostok, a subsidiary of the German chemical giant BASF, following their withdrawal from the country in response to the Ukraine conflict. The domestic enterprise, Lakra Sintez, can buy out 100 percent of BASF Vostok shares thanks to a presidential decree […]
05/14/2024
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By Cassie B.
Tax revenues collapsing in CA as productive citizens flee, causing huge deficit in state finances
California Governor Gavin Newsom has been forced to slash his state’s budget as tax revenues continue to be lower than expected as productive citizens flee the poorly run state and take their tax money with them. In a span of just two years, California’s $100 billion surplus has become a $73 billion deficit, which Newsom […]
05/10/2024
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By News Editors
Drowning in debt: The paralysis at the heart of the US fiscal crisis
It can appear puzzling why at certain times in history a government facing a looming crisis simply does not address it. The problems accumulate in plain view while little is done to actually solve them. The human imagination being what it is, this inaction is inevitably attributed to some mix of corruption, malfeasance, and incompetence. […]
05/06/2024
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By News Editors
Our deer in the headlights moment: The “worst market crash since 1929” is rapidly approaching and the Fed doesn’t know which way to go
The Federal Reserve is stuck between a rock and a hard place. If the Fed pushes rates higher, interest payments on our 34 trillion dollar national debt could spin wildly out of control and bank balance sheets will be in even worse condition than they are now. First Republic just bit the dust, and literally thousands […]
05/06/2024
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By Richard Brown
New U.S. anti-Russia sanctions target Chinese entities that sell dual-use products to Moscow
The Department of the Treasury has unveiled a list of sanctions against nearly 300 entities, targeting these groups and individuals believed to be aiding Russia to circumvent existing sanctions related to the special military operation in Ukraine, with a focus on products originating from China. According to a press release from the Treasury Department, these sanctions target a […]
05/05/2024
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By Laura Harris
POLL: 68% of Americans believe the U.S. is “out of control” under Biden
A recent YouGov/The Economist poll reveals that 68 percent of Americans believe that the United States has become “out of control” under the leadership of President Joe Biden. The poll, conducted among 1,755 Americans from April 28 to 30, asked the respondents how they perceive “things in this country these days.” Sixty-eight percent of respondents believe that the nation is […]
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