marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
Great Depression
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 […]
03/14/2023
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By Mike Adams
Hyperinflation meets the Great Depression – Andy Schectman warns Mike Adams about the catastrophic banking collapse now accelerating
Today’s Situation Update broadcast (below) focuses on the accelerating financial collapse that’s now unfolding. The CEO of Miles Franklin, Andy Schectman, joins me for an eye-opening interview in which he says we’re headed into an insane combination of hyperinflation colliding with the Great Depression. All the black swans, it seems, are strapping on suicide vests. […]
01/30/2023
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By Ethan Huff
U.S. federal home loan banks lent billions to crypto banks, report finds
In an attempt to plug the holes of the sinking ship caused by a surge in withdrawals, the United States Federal Home Loan Banks System (FHLB) is lending billions of dollars to two of the world’s largest cryptocurrency banks: Signature Bank and Silvergate. The two entities have already borrowed more than $13 billion from FHLB, […]
10/18/2022
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By Mary Villareal
JPMorgan CEO Jamie Dimon: US could experience RECESSION within 6 to 9 months
Jamie Dimon, CEO of financial services giant JPMorgan Chase, recently warned that the U.S. will experience an economic recession within six to nine months. He added that the country will have a credit crisis, with exchange-traded funds and stocks going down. The JPMorgan bigwig corroborated his warning during an interview with CNBC. He said the […]
09/09/2022
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By News Editors
It’s a fact that needs repeating: The Federal Reserve is a suicide bomber
For many years now I have been examining the policies and behaviors of the Federal Reserve because they are in fact the most powerful institution in the US, with far more influence over the fate of America than any single president or branch of government. They have the power to end the economic life of […]
08/11/2020
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By Ethan Huff
Unemployment now at Great Depression levels, food inflation soaring
Ever since pretty much all of America shut down back in late February and early March due to fears about the Wuhan coronavirus (COVID-19), tens of millions of Americans have lost their jobs and food prices for everyone have continued to soar. Rivaling what transpired during the infamous Great Depression, everyday Americans are now finding […]
05/03/2020
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By JD Heyes
Coronavirus pandemic leads to cratering of Airbnb bookings, setting U.S. up for another housing bust like the “Great Recession”
The development of the Airbnb concept was touted as the next wave in the hospitality industry, driven by a Silicon Valley-powered network and good old-fashioned principles of capitalism. Would-be entrepreneurs borrowed money to buy new properties they could ‘rent out’ as the virtual bed-and-breakfast idea took flight. “At first it works. Your properties fill up, […]
04/02/2020
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By JD Heyes
Jobless claims in the U.S. hit 6.6 million… prepare for the “Great Depression” of the 2020s thanks to massive coronavirus layoffs
To say that the employment situation in America is bad and getting worse is probably the understatement of the year. After mayors and governors have shut down most of their cities and states around the country, ordering businesses deemed “non-essential” to close their doors in an effort to help contain the Wuhan coronavirus, most rational […]
03/24/2020
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By JD Heyes
Wall Street sees most rapid 30% SELL-OFF in history over coronavirus outbreak, surpassing Great Depression’s plunge
If you were thinking that the Wuhan coronavirus (COVID-19) really isn’t that big of a deal and that people are making way too much of it, we don’t really know whether or not that’s true yet. What we do know is that financial experts — people who make their living trading and forecasting stocks on […]
03/23/2020
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By Ethan Huff
Here come the soulless billionaires begging for taxpayer-funded bailouts for their greedy selves
As millions of ordinary Americans struggle to put food on the table now that the Wuhan coronavirus (COVID-19) has taken away their jobs, billionaires like real estate investor Tom Barrack actually have the audacity to whine on cable television about how they personally need taxpayer-funded bailouts to avoid long-overdue corrections on their greedy overleveraging. Barrack recently […]
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