marketcrash
bitcoincrash
pensions
nationaldebt
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debtcollapse
economy
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 […]
04/07/2023
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By Ethan Huff
Walmart cuts another 2,000 warehouse jobs following retail store closure announcement
Five of Walmart’s e-commerce warehouses are slated to lose another 2,000 jobs, the company announced this week. More than 1,000 people will be let go from a warehouse in Fort Worth, Tex., as will 600 people at a Pennsylvania fulfillment center; 40 people at a Florida warehouse; and 200 people in New Jersey, regulatory filings […]
04/03/2023
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By Arsenio Toledo
Social Security reserves draining faster than expected
Social Security’s reserves are being drained at a faster rate, and the benefits it pays out to sustain about 67 million Americans are now set to be depleted in 2034, one year earlier than previously projected. An economic slowdown, persistently high and record-breaking inflation and weaker productivity growth are all contributing to the downturn in Social […]
03/30/2023
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By Ethan Huff
REPORT: Covid “vaccines” have caused tens of millions of injuries and disabilities, $147 billion in economic damage
Phinance Technologies, a research firm co-founded and co-operated by former BlackRock portfolio manager Ed Dowd, has found that the economic damage inflicted by the unleashing of Wuhan coronavirus (Covid-19) “vaccines” topped $147 billion in 2022. A report published by the firm also estimates that 26.6 million people were injured by the jabs; 1.36 million were […]
03/27/2023
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By Ethan Huff
Moody’s chief economist warns “things are going to start to break” across the financial system
The problems that currently plague banks and the financial system at large will continue for at least another year to a year and a half, warned Moody’s Analytics Chief Economic Mark Zandi, adding that “things are going to start to wobble and break” in the coming days. Banks are so overleveraged and in the red […]
03/23/2023
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By Belle Carter
High cost of living due to pandemic ushers in another major health emergency
Health authorities in the United Kingdom have warned that the soaring cost of living caused by the Wuhan coronavirus (COVID-19) pandemic is ushering in another major health emergency. During the recently concluded virtual Annual Public Health Conference, the Local Government Association (LGA) and the Association of Directors of Public Health (ADPH) said the skyrocketing prices of essential […]
03/20/2023
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By Belle Carter
Pentagon requests $886 billion budget despite failing 5 audits where billions vanished into financial black holes
President Joe Biden’s $6.9 trillion budget proposal for the fiscal year (FY) 2024 includes $842 billion for the Department of Defense (DoD) and an additional $44 billion for defense-related programs at other agencies and departments. For DoD alone, Biden is requesting a total of $886 billion. According to financial analysts, Pentagon’s annual budget is climbing closer […]
03/20/2023
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By Mike Adams
Credit Suisse bond BAIL-IN proves the entire western financial system is a grand CON
Based on the combination bail-in / bail-out that just took place on an emergency basis in Switzerland yesterday, we now know that the entire western financial system is a grand con. They will change the rules at any moment and steal your money, just like they did to Russia in 2022 by seizing $300+ billion […]
03/16/2023
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By Ethan Huff
If Credit Suisse implodes, it will be far worse than the SVB collapse – the European economy will fall off a cliff
It is looking increasingly likely that Swiss banking giant Credit Suisse will be the next big bank to fall, in which case the European economy will fall off a cliff, according to Bloomberg Markets Live reporter and strategist Ven Ram. Europe will be the first to feel what Ram ominously described as an upending of […]
03/15/2023
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By News Editors
The Federal Reserve just made an emergency decision which will fundamentally change banking in America forever
Did you think that the Federal Reserve was just going to stand by and watch the U.S. banking system completely collapse? In response to the stunning failures of Silicon Valley Bank and Signature Bank, the Federal Reserve announced a rescue plan on Sunday evening that is going to radically change banking in America forever. All deposits […]
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