marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
risk
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 […]
05/16/2024
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By Belle Carter
Sen. Bernie Sanders, colleagues introduce bill that would pay off Americans’ $220 billion medical debt with government (taxpayer) money
Sens. Bernie Sanders (I-VT) and Jeff Merkley (D-OR), with Reps. Ro Khanna (D-CA.) and Rashida Tlaib (D-MI) recently introduced a new bill that would cancel America’s $220 billion in medical debt, eliminate it from credit reports, block creditors from collecting past medical bills and drastically limit the accrual of future medical debt. According to Sanders, […]
05/16/2024
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By Zoey Sky
China STOCKPILING gold as Chinese investors and consumers remain cautious of real estate and stocks
The current global price of gold has reached its highest levels. At the same time, Chinese investors and consumers remain cautious about real estate and stocks as they stockpile gold at a record pace. Gold is considered by many as a safe investment during times of geopolitical and economic unrest. Recently, gold prices have skyrocketed in […]
05/14/2024
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By Cassie B.
Putin authorizes Russian company to take over German chemical company BASF subsidiary
Russian President Vladimir Putin has granted a domestic manufacturer of paints permission to acquire BASF Vostok, a subsidiary of the German chemical giant BASF, following their withdrawal from the country in response to the Ukraine conflict. The domestic enterprise, Lakra Sintez, can buy out 100 percent of BASF Vostok shares thanks to a presidential decree […]
05/14/2024
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By Cassie B.
Tax revenues collapsing in CA as productive citizens flee, causing huge deficit in state finances
California Governor Gavin Newsom has been forced to slash his state’s budget as tax revenues continue to be lower than expected as productive citizens flee the poorly run state and take their tax money with them. In a span of just two years, California’s $100 billion surplus has become a $73 billion deficit, which Newsom […]
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 Ramon Tomey
Creditors pressure Ukraine to PAY UP on its loans
Two years after Russia’s special military operation in Ukraine, a group of creditors are now demanding that Kyiv pay up on its loans as early as 2025. According to the Wall Street Journal (WSJ), the group includes investment giants BlackRock and Pimco. The creditors reportedly granted Kyiv a two-year debt holiday in 2022, betting at […]
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 […]
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