marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
national debt
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 […]
04/05/2023
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By Cassie B.
Social security expected to run out of money by 2033, a year earlier than previous predictions
The Social Security trust funds that pay for the benefits of 67 million Americans are now expected to run out in 2033, a year earlier than previous projections. This is according to the yearly trustees’ report released last week by the Treasury Department. The impending insolvency is largely due to a 3 percent downward revision […]
03/30/2023
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By Arsenio Toledo
Just five of Chicago’s largest public pension systems owe more pension debt than the sum of 44 states
The public pension funds of the City of Chicago owe so much debt that they rival the debt held by 44 states. This is according to the Illinois Policy Institute, a libertarian public policy think tank, which found that the city has $48 billion pension debt. The massive size of Chicago’s pension fund underscores how difficult […]
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 JD Heyes
Analysis claims that covering all lost deposits in failed banks will only hasten dollar collapse
A new analysis published this week takes a different look at government bank deposit insurance that goes beyond covering the $250,000 limit imposed by the Federal Deposit Insurance Corporation, or FDIC, that will involve tens of billions of taxpayer dollars. Tyler Durden at Zero Hedge noted on Thursday: “As Simon White writes today, ‘a full guarantee of […]
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 […]
03/15/2023
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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 […]
03/13/2023
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By Mike Adams
The Non-Bailout BAILOUT commences – total system collapse temporarily averted with emergency liquidity flood
Three US banks collapsed last week (Silvergate, Silicon Valley Bank and Signature). Contagion took hold and quickly began to spread to other banks. The entire US banking system would have collapsed starting today if not for the FDIC jumping in and offering to rescue even non-insured depositors at SVB. Normally the FDIC covers only $250K […]
03/12/2023
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By Belle Carter
Biden’s “excessive” budget proposal to drive national debt to $51 trillion over the next decade
If President Joe Biden’s $6.9 trillion budget proposal for the fiscal year 2024 gets approved, the gross national debt could skyrocket to $51 trillion by 2033 – nearly $20 trillion more than its current level of roughly $31.5 trillion. The public policy organization Committee for a Responsible Federal Budget (CRFB) warned that the portion of debt held […]
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