marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
economy
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 […]
04/07/2023
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By News Editors
Global bankruptcy already baked in
Scrape away the complexity and every economic crisis and crash boils down to the precarious asymmetry between collateral and the debt secured by that collateral collapsing. (Article by Charles Hugh Smith republished from DailyReckoning.com) It’s really that simple. In eras of easy credit, both creditworthy and marginal borrowers are suddenly able to borrow more. This flood of new […]
04/07/2023
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By Ethan Huff
Walmart cuts another 2,000 warehouse jobs following retail store closure announcement
Five of Walmart’s e-commerce warehouses are slated to lose another 2,000 jobs, the company announced this week. More than 1,000 people will be let go from a warehouse in Fort Worth, Tex., as will 600 people at a Pennsylvania fulfillment center; 40 people at a Florida warehouse; and 200 people in New Jersey, regulatory filings […]
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 […]
04/06/2023
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By News Editors
Trifecta of inflation, recession, and banking insolvency leading to a ‘doom loop’: Economist
Decades-high persistent inflation combined with increasing risks of an economic recession and an imminent insolvency crisis in the banking sector have resulted in a “trilemma” facing central banks, including the U.S. Federal Reserve, warns top economist Nouriel Roubini. (Article by Naveen Athrappully republished from TheEpochTimes.com) “Unable to fight inflation and provide liquidity support simultaneously, the […]
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 […]
04/05/2023
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By Ethan Huff
McDonald’s “temporarily” shuts down U.S. offices, announces impending layoffs
The world’s most well-known fast-food chain is closing its doors, at least temporarily, while it sizes up which corporate employees will get axed in the coming days. That fast-food chain is McDonald’s, which like many other American corporations is having to trim its human resources amid a collapsing economy. According to reports, McDonald’s is engaging […]
04/04/2023
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By Belle Carter
Top 25 US banks lose $89.7B after withdrawals surge following collapse of SVB and Signature Bank
The United States major banks recently encountered a surge in withdrawals as depositors become increasingly scared of the banking industry’s volatility following the controversial collapse of small- to medium-scale banks, such as the Silicon Valley Bank (SVB) and Signature Bank. According to a report by the Epoch Times, the top 25 U.S. banks lost $89.7 […]
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 […]
04/04/2023
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By News Editors
The Dollar is in trouble… Here are 7 signs that global de-dollarization has just shifted into overdrive
For decades, the U.S. dollar was the undisputed king of global currencies, but now dramatic changes are happening. China, Russia, India, Brazil, Saudi Arabia and other nations are making really big moves which will enable them to become much less dependent on the U.S. dollar in the years ahead. This is really bad news for […]
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