marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
market crash
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 […]
05/10/2024
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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. […]
05/10/2024
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By News Editors
Look at his face! Biden denies economic reality in car crash CNN interview
During a brutal CNN interview aired Wednesday, Joe Biden looked shocked when host Erin Burnett reeled off a list of stats detailing how bad the economy is. Instead of suggesting how he is going to improve the situation, Biden denied any of it was real and claimed every poll showing Americans favouring Trump on the […]
05/08/2024
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By Cassie B.
BRICS nations are now openly preparing for a global collapse of the dollar
The BRICS group of countries are openly preparing for a potential global collapse of the dollar and talking about putting an alternative currency in place that could serve as a substitute. This is according to proclamations by Russia’s executive director for the International Monetary Fund, Alexey Mozhin. He said that the downfalls of the current […]
05/07/2024
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By Laura Harris
High unemployment rates, high taxes and population exodus pushing Illinois to the brink of collapse
The Democrat-controlled state of Illinois continues to struggle with high unemployment rates, a burdensome tax system and a population exodus, leading to a diminished tax base, higher budget deficits and skyrocketing pension debt. According to data from the Illinois Department of Employment Security, Illinois ranked fifth-highest in unemployment rates among states in March, with a rate of […]
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 […]
05/03/2024
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By Cassie B.
Houthi blockades prompt Israeli port of Eilat to lay off half its workers
Blockades by Houthi rebels have seriously compromised the Israeli port of Eilat on the northern tip of the Red Sea, and now half of its workers could lose their jobs due to the resulting financial hit. Last month, Israel’s main labor federation, Histadrut, said that Eilat port management declared its intention to fire half of […]
05/02/2024
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By Kevin Hughes
Trump economic team mulls sanctions on nations that REFUSE to trade using U.S. dollar
Economic advisers to former U.S. President Donald Trump are considering sanctions on countries that move away from the U.S. dollar. According to an April 26 report by Bloomberg News, Trump and his team are searching for alternatives to stop nations both friendly and antagonistic to Washington from ditching the greenback in favor of other currencies. […]
05/01/2024
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By Arsenio Toledo
Elon Musk shuts down Tesla’s profitable Supercharger team in latest round of layoffs
Elon Musk has shut down Tesla’s division that runs the Supercharger business in the latest round of layoffs that is expected to reduce the electric vehicle manufacturing giant’s workforce by more than 10 percent. The shutdown of the Supercharger division includes the dismissal of two senior executives and several hundred other staffers amid an ongoing […]
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