marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
panic
04/07/2023
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By JD Heyes
Get woke, go broke: Bed Bath & Beyond now begging product consignment company to stock its shelves so that stores don’t appear empty
Woke retailer Bed Bath & Beyond was spiraling into the ash bin of history but has gotten a last-minute reprieve — of sorts — that will likely only delay the franchise’s collapse. On Wednesday, the company revealed that it is partnering with Hilco Global to restock its inventory as part of its ongoing efforts to […]
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 […]
04/06/2023
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By Ethan Huff
FINANCIAL COLLAPSE: Once again, Blackstone REIT is limiting investor redemptions
Blackstone, the world’s largest “alternative” asset manager, appears to be going insolvent as it once again, for the second time in the past year, blocks withdrawals from its $70 billion real estate income trust (REIT). Following “a flurry of redemption requests” in excess of the fund’s preset 5 percent net asset value limit for withdrawals, […]
04/05/2023
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By Ethan Huff
PULLING THE PLUG: Another $126 billion pulled by depositors from U.S. banks, Federal Reserve data shows
Public trust in the American banking system continues to plummet as depositors drained another $126 billion from United States banks during the week ending March 22, according to new data from the private Federal Reserve. The largest outflows occurred at big-boy banks, the top 25 of which lost $90 billion on a seasonally adjusted basis. […]
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 […]
04/03/2023
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By News Editors
The death of the Dollar is coming sooner than expected – when it happens expect bank runs and closures, food scarcity, riots, high unemployment, and hyper-inflation
The U.S. dollar’s stint as the world’s reserve currency is coming to an end. It is not a matter of if, but of when, as no world currency stays that was forever. (Article by Susan Duclos republished from AllNewsPipeline.com) The Dollar is no longer backed by gold and its value is eroding. Debt, currency devaluation, […]
03/27/2023
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By Ethan Huff
Biden White House slams cryptocurrencies, says they’re not valid assets
The cryptocurrency community is fuming mad about a new 35-page report from the Biden White House that is “seemingly aimed at debunking the merits of crypto assets,” to quote Coin Telegraph‘s Felix Ng. Calling the report “crypto FUD,” crypto holders and traders say the Joe Biden regime is ill-informed about crypto’s true utility, which the […]
03/21/2023
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By JD Heyes
Global markets continue to slide as Swiss bank giant Credit Suisse loses more than 60 percent of its value after UBS buys it
Another massive bank — and bank bailout — has occurred as the global financial crisis that began (where else?) in the United States earlier this month continues to spread. On Monday, global stock markets experienced a sharp decline following the announcement by Swiss authorities that troubled Credit Suisse would be taken over by UBS Group. […]
03/21/2023
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By News Editors
“This just makes no sense”: European regulators rush to calm AT1 investors after Credit Suisse wipeout shock
14 years ago, the Obama administration (or rather his Wall Street lackey Steve Rattner) turned the bankruptcy process on its head with the Chapter 11 filing of General Motors, which steamrolled the bankruptcy liquidation waterfall by paying off the underfunded (and unsecured) pension plans of GM and Chrysler union workers at 40 cents on the […]
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