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News & Articles By Belle Carter
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 […]
03/17/2023
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By Belle Carter
Credit Suisse shares surge after record decline – thanks to Swiss central bank’s $54B loan offer
Shares of global investment banking company Credit Suisse surged 19 percent on Thursday, March 16, after the Swiss National Bank (SNB) agreed to loan the bank up to $54 billion. The lifeline was offered to regain the confidence of the second-biggest lender following the collapse of U.S. banks Silicon Valley Bank and Signature Bank. The […]
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 […]
03/07/2023
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By Belle Carter
WGC report: Central banks extend gold buying streak in preparation for currency uncertainty
The World Gold Council (WGC) reported on March 2 that central bank demand for gold picked up from where it left off in 2022. According to the WGC, there had been an addition of 31 tonnes to the global gold reserves in January. The total, which represents a 16 percent monthly increase, fell comfortably within the 20-to-60-tonne […]
03/07/2023
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By Belle Carter
Dr. Doom warns: Perfect storm of recession, debt crisis and inflation to hit markets
Renowned economist Nouriel “Dr. Doom” Roubini warned the public that a “perfect storm” of recession, debt crisis and out-of-control inflation could hit the markets this year. Roubini has been warning of a stagflationary debt crisis for months already. The looming economic collapse will combine the worst aspects of ’70s-style stagflation and the ’08 debt crisis. “I do believe […]
02/17/2023
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By Belle Carter
Inflation remains hot: CPI up by 0.5% in January and 6.4% year-over-year (official numbers)
The Bureau of Labor Statistics (BLS) recently released the consumer price index (CPI) report showing that inflation rose in January by 0.5 percent after it increased by 0.1 percent in December last year. The CPI, which measures a broad basket of common goods and services, slowed down on a year-over-year basis to 6.4 percent, BLS […]
02/02/2023
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By Belle Carter
Government watchdog flags potentially fraudulent pandemic loans amounting to $5.4B
A government watchdog has found $5.4 billion worth of potentially fraudulent loans taken out at the height of the Wuhan coronavirus (COVID-19) pandemic. The Pandemic Response Accountability Committee (PRAC) recently issued an alert identifying 69,323 questionable Social Security numbers used to obtain billions from the COVID-19 Economic Injury Disaster Loan (EIDL) and the Paycheck Protection Program […]
02/01/2023
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By Belle Carter
NY Rep. Tenney: Biden should slash federal spending amid debt ceiling battle
New York Rep. Claudia Tenney said President Joe Biden should compromise and implement austerity measures on federal spending. The Big Apple representative made the remark during a recent interview with “Wake Up America” host Rob Finnerty. Tenney was reacting to House Speaker Kevin McCarthy’s interview footage about his scheduled meeting with the president regarding the debt ceiling battle. […]
01/26/2023
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By Belle Carter
Government watchdog: Over $60B lost to pandemic unemployment benefits fraud
The Government Accountability Office (GAO) has stated in a report that more than $60 billion was lost to unemployment insurance fraud during the Wuhan coronavirus (COVID-19) pandemic. According to the government watchdog’s report made public on Jan. 23, state workforce agencies proved $4.3 billion were fraudulently claimed. Moreover, at least $45 billion in transactions, while not […]
01/18/2023
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By Belle Carter
To increase or not to increase: Republicans and Democrats clash over $31.4 trillion debt ceiling
Treasury Secretary Janet Yellen notified the country’s lawmakers last week that Congress needs to decide whether or not to proceed with the increase of the $31.4 trillion national debt limit. According to Yellen, the U.S. will hit its cap on Thursday, January 19. Once that happens, she will not be able to issue new debt without […]
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