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News & Articles By Arsenio Toledo
01/10/2023
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By Arsenio Toledo
Supreme Court to hear two challenges against Biden’s student loan debt forgiveness plan
The Supreme Court has agreed to hear two challenges against President Joe Biden’s student loan relief program. Oral arguments are set to begin in February. Furthermore, the court has also agreed to keep in place a nationwide injunction set by a lower court of appeals preventing the student loan forgiveness program from taking effect for now. […]
01/10/2023
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By Arsenio Toledo
HYPOCRISY: Federal Reserve warns banks against using crypto while planning to develop its own digital currency
The Federal Reserve along with other federal agencies have issued a joint statement warning banks against using cryptocurrencies just as the Fed is deliberating over possibly issuing a central bank digital currency (CBDC) in the United States. The Fed was joined in its statement by the Federal Deposit Insurance Corporation (FDIC) and the Office of […]
01/10/2023
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By Arsenio Toledo
MORE METAL: China’s public gold holdings now over 2000 tons after another huge purchase in December
The central bank of China has acquired another 30 tons of gold in December, bringing the communist nation’s total public gold holdings to 2,010 tons. Data uploaded onto the central bank’s website on Saturday, Jan. 7, showed that the People’s Bank of China (PBoC) has raised its holdings for the said month. This follows the announced […]
01/07/2023
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By Arsenio Toledo
Samsung Q4 2022 profits DROP 69% due to slowing global economy and plummeting demand for semiconductors
Global electronics manufacturing giant Samsung’s operating profits dropped by 69 percent in the fourth quarter of 2022. The downturn reduced Samsung’s operating profit to $3.4 billion in the quarter that ended in Dec. 2022. The company has cited the diminished demand for electronics products and semiconductors resulting from the slowing global economy as the main […]
01/06/2023
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By Arsenio Toledo
Only 20% of rail services are running normally in the UK as rail strikes cause widespread disruptions
Rail workers in the United Kingdom started the new year with a weeklong strike that began on Tuesday, Jan. 3, with union bosses warning of more industrial actions to come if negotiations don’t bear any fruits. These rail strikes have been ongoing for months across the U.K. as soaring inflation and stagnant wage growth have […]
01/06/2023
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By Arsenio Toledo
IMF trying to bribe Egypt away from BRICS with new loans
The International Monetary Fund (IMF) has approved a more than $3 billion loan allegedly to support Egypt’s ailing economy. But many experts note that the timing of this massive bailout is suspect because of Egypt’s recent moves to join the China- and Russia-aligned BRICS economic union. In the past year, Egypt has been hit exceptionally hard […]
12/22/2022
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By Arsenio Toledo
Gregory Mannarino: Central banks are about to issue even more debt to make society more dependent on them
Finance and central bank expert Gregory Mannarino has warned that the world’s central banks are about to issue more debt, putting larger chunks of society under their control. “Central banks are not ready yet to pull the plug,” said Mannarino. “There is not enough people yet fully 100 percent dependent on their system.” These central […]
12/22/2022
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By Arsenio Toledo
Amazon becomes first company ever to lose $1 trillion in market value
Amazon just lost $1 trillion in market cap value, the largest loss in market value ever recorded by any publicly traded company. In July 2021, the company had a market value of a near-record breaking close of $1.88 trillion. But the tech giant’s shares dropped 4.3 percent in value in November, lowering the company’s market […]
12/21/2022
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By Arsenio Toledo
Bankrupt meat importer owes millions to at least 99 creditors in transportation and logistics
South American Beef, Inc., a frozen meats importer based out of West Des Moines, Iowa, has filed a petition with the Southern District Court of Iowa to receive Chapter 11 bankruptcy protections. The company was founded in 1999 and sold products under vendor brands as well as its own Prairie Natural brand. Its specialty is […]
12/21/2022
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By Arsenio Toledo
Coming economic collapse will be used to close banks and introduce central bank digital currencies
The coming global economic collapse will come with it the quick adoption of central bank digital currencies (CBDCs) around the world This is according to Clive Thompson, former managing director at Union Bancaire Privee, a private bank and wealth management firm in Geneva, Switzerland. He warned that this coming global financial crisis will start in one country and spread […]
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