marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
fiscal policy
12/13/2024
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By Ramon Tomey
Milei’s miracle: Argentina achieves historic BUDGET SURPLUS after 123 years of DEFICITS
Argentina achieved its first budget surplus in 123 years, marking a significant milestone for the country’s fiscal health. Argentine President Javier Milei led bold reforms, including deep budget cuts in public administration, healthcare and education, and measures to curb corruption and hyperinflation. Within a year, Milei reduced the national budget deficit to zero and cut […]
09/15/2024
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By Lance D Johnson
For the first time in history, interest on U.S. debt surpasses $1 trillion and now threatens social security as the greatest government expense
According to the latest Treasury Department data, the national debt now exceeds $35.3 trillion. The amount of money required to service the U.S. debt has reached levels that exceed Medicare expenditures, the military budget, etc. For the first time in history, interest on U.S. debt surpassed the $1 trillion mark, becoming the second greatest government […]
02/28/2024
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By Ava Grace
NYC Mayor Adams halts final round of budget cuts after slashing spending on illegals
New York City (NYC) Mayor Eric Adams has aborted a proposed third round of budget cuts, which amount to hundreds of millions of dollars, after reducing spending on illegal immigrants. The Democrat mayor first unveiled the three-round budget cuts in the fall of last year. Under this plan, all city agencies would have to shave […]
11/21/2022
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By Kevin Hughes
Poland’s central bank predicts double-digit inflation until 2024
The National Bank of Poland (NBP) has predicted that the Central European nation will be saddled with high inflation for the next two years. According to the NBP, yearly inflation will hit 14.5 percent in 2022 and drop to 13.1 percent in 2023. Single-digit rates will only begin by 2024, when the country’s inflation is […]
10/13/2022
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By Kevin Hughes
Thousands of Britons take to the streets to protest against rising inflation and cost of living
Thousands of people all over the United Kingdom took to the streets to protest against inflation and the rising cost of living. The “Enough is Enough” rallies organized by worker unions and climate change activists kicked off on Oct. 1 in the capital London and other major U.K. cities. Protesters who gathered at the King’s […]
09/07/2021
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By Ramon Tomey
Survey: Argentinians believe inflation will hit 50% in 2022
Argentinians believe that inflation will hit a record high of 50 percent by next year, according to a survey. The poll conducted by Torcuato di Tella University (UTDT) in Buenos Aires found that the projected 50.2 percent rise is the highest average reading since it started surveying citizens in 2006. The prediction came as the […]
06/14/2021
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By Franz Walker
US dollar weakened during the pandemic – but its problems started long before that
The Wuhan coronavirus (COVID-19) is devastating the American economy, resulting in the U.S. dollar steadily losing value. But the dollar’s current decline in value traces its roots to more than just the pandemic. After an initial spike, the value of the dollar has been falling steadily since the pandemic took hold in the U.S. last March. It’s […]
05/18/2021
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By Ramon Tomey
Supply shortages are leading to price hikes, worsening inflation
Economic analysts have raised the alarm bells on possible supply shortages for raw materials. These shortages, alongside logistical hurdles, have forced many firms to warn about a possible price hike. Because of these foreboding signs, many are bracing for possible inflation to occur amid the ongoing COVID-19 pandemic. According to data from JPMorgan Chase & […]
02/22/2021
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By Ramon Tomey
Economists warn $1.9 trillion Biden relief bill may trigger runaway inflation
Economists have warned that President Joe Biden’s proposed COVID-19 relief bill may trigger inflation. They pointed out that the American Rescue Plan worth $1.9 trillion, and its accompanying stimulus, may negatively impact inflation projections. The plan put forward by Biden on his first day in office aimed to help an America impacted by the Wuhan […]
10/06/2020
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By Ramon Tomey
More than half of US states unable to pay their debts – report
A report examining all 50 U.S. states’ fiscal health found that 39 of these do not have enough money to pay their bills. The eleventh edition of the Financial State of the States report, published by non-profit organization Truth in Accounting (TIA), showed that the total debt among all 50 states amounted to $1.4 trillion […]
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