marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
economics
04/07/2023
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By Arsenio Toledo
Recession fears surge as new job creation slows down, jobless claims rise
Investors are once again concerned that the economy of the United States could dip far enough into a recession as recent jobs data shows a slowdown in new job creation and an increase in jobless claims. According to the Department of Labor‘s report, job openings slipped to 9.9 million in February, the lowest since May 2021. This is […]
04/06/2023
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By Arsenio Toledo
Marjorie Taylor Greene rejects Fed’s digital payment system
Republican Rep. Marjorie Taylor Greene of Georgia has rejected the upcoming Federal Reserve-backed central bank digital currency (CBDC) payment system and has called for the United States to return to the gold standard. Greene was responding to news that the Fed was launching its own digital payment system. On Twitter, she shared an article from CNBC […]
04/05/2023
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By Arsenio Toledo
American banks are sitting on a TIME BOMB of $1.7 trillion in unrealized losses
Banks in the United States are sitting on a time bomb of unrealized losses totaling around $1.7 trillion. This is according to a study released on March 13 by the New York University Stern School of Business (NYU Stern) that took a closer look at the unrealized losses banks in the U.S. were likely holding. The study […]
04/04/2023
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By Arsenio Toledo
BRICS nations rapidly working to create common currency to counter US dollar’s global hegemony
A Russian official has admitted that BRICS is working to create its own currency to challenge the dominance of the United States dollar and potentially replace its hegemonic position in international trade. BRICS, an international economic alliance of Brazil, Russia, India, China and South Africa, has received a boost in support of its de-dollarization efforts following […]
04/03/2023
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By Arsenio Toledo
Social Security reserves draining faster than expected
Social Security’s reserves are being drained at a faster rate, and the benefits it pays out to sustain about 67 million Americans are now set to be depleted in 2034, one year earlier than previously projected. An economic slowdown, persistently high and record-breaking inflation and weaker productivity growth are all contributing to the downturn in Social […]
04/02/2023
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By Arsenio Toledo
Tennessee passes bill authorizing state treasurer to buy, sell and stockpile gold and silver
Tennessee Gov. Bill Lee has signed into law a bill that creates a state reserve that can purchase, sell and stockpile precious metals like gold and silver. Gold experts note that the state law gives Tennessee the ability to “achieve more financial independence with gold and silver reserves” and could prevent the state from feeling […]
03/31/2023
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By Arsenio Toledo
Generative AI could replace up to 300 million mostly white-collar jobs worldwide
A report from investment bank Goldman Sachs warned that the proliferation of artificial intelligence technology could replace the equivalent of 300 million full-time jobs around the world. Specifically, Goldman Sachs warned about generative AI, which can create content indistinguishable from human work. The expansion of generative AI systems is poised to significantly disrupt the job […]
03/30/2023
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By Arsenio Toledo
Fed claims it warned Silicon Valley Bank management about risks stemming from its business model as early as fall 2021
Federal Reserve Vice Chair for Supervision Michael Barr claims it warned Silicon Valley Bank’s management as early as the fall of 2021 regarding the risks stemming from its business model. Barr made this claim during a hearing in front of the Senate Committee on Banking discussing whether the Fed should implement stronger banking regulations, supposedly to […]
03/29/2023
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By Arsenio Toledo
Inflation remains a problem for middle- and lower-income Americans as Biden’s Federal Reserve keeps raising interest rates
Inflation continues to haunt middle and lower-income working folks in the United States as the administration of President Joe Biden is still unable to properly resolve the inflation crisis. In an interview with Fox Business, conservative economist and commentator Larry Kudlow talked about it and blamed Biden’s policies for the ongoing situation. (Related: Federal government hides true rate of […]
03/22/2023
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By Arsenio Toledo
Existing home prices in the US fall for the first time in 11 years
Year-over-year home prices in the United States have dropped for the first time in 11 years, leading to a reversal in the yearlong streak of declining monthly home sales. The national median price for an existing home fell by 0.2 percent in February year-over-year to $363,000. This marks the first year-over-year decline in housing prices […]
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