marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
bankruptcy
12/06/2024
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By Ethan Huff
HALF of all U.S. states going BANKRUPT, financial report finds
The future of America hangs in the balance as the country’s financial state is not exactly strong. A recent report from Truth in Accounting has revealed that 27 states across America, more than half, ended fiscal year 2023 with a deficit, meaning they did not have enough money on hand to cover their financial obligations. […]
06/19/2024
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By Ethan Huff
Megabus, America’s largest private bus company, files for BANKRUPTCY as Biden’s economy falters
A budget bus alternative to Greyhound is facing bankruptcy as the true American economy bends under the continued pressure of insurmountable debt, inflation and bad bets. Megabus, which is owned by Coach USA, is known for its tickets that cost as little as $1 a pop. It currently operates in 500 cities across America, having […]
03/18/2024
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By Belle Carter
Germany’s economic backbone at breaking point as millions of family-owned companies face bankruptcy
A recent Bloomberg report indicated that German family-led companies, which are traditionally seen as the backbone of the country’s economy, are currently on the verge of bankruptcy. German authorities have revoked some subsidies for national businesses, which could potentially lead to the collapse of a significant number of companies. Roughly three million family-run businesses have […]
11/12/2023
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By Belle Carter
Doug Casey: Entitlements, excessive defense spending and high federal debt interest push U.S. to brink of bankruptcy
There are a lot of indicators that the Americans’ fear of the imminent bankruptcy of the United States is coming sooner than later. The U.S. government’s budget is the biggest in the history of the world and is growing at an uncontrollable rate. In the latest Bloomberg Intelligence research, strategists wrote that there will be […]
08/21/2023
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By Richard Brown
Evergrande Group files for bankruptcy in the U.S. after two years of distress… debt defaults will now spread across America
Evergrande Group, once hailed as one of China’s most prominent real estate giants, has experienced a dramatic fall that has sent shockwaves through both the Chinese economy and global financial markets. On August 17, Evergrande filed for bankruptcy protection in the United States after two years of distress. Much of Evergrande’s corporate debt was held […]
08/03/2023
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By Belle Carter
Century-old trucking giant Yellow Corp ceases operations, leaving 30,000 employees jobless and America’s supply chain reeling
The trucking industry’s third-largest less-than-truckload (LTL) carrier Yellow Corp stopped operations on Sunday afternoon and Teamsters Union, which represents the company’s workforce, said it had been notified of a pending bankruptcy filing. “Today’s news is unfortunate but not surprising. Yellow has historically proven that it could not manage itself despite billions of dollars in worker […]
04/17/2023
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By Ethan Huff
Trucking companies in Illinois, Florida, Virginia and elsewhere are FAILING as economy falters
The logistics industry continues to suffer the fallout of the Wuhan coronavirus (Covid-19) “pandemic” as numerous freight carriers file for bankruptcy or otherwise close up shop due to financial problems. One of them is Makena Trading Corp., a Pembroke Pines, Fla.-based trucking company that does business as Makena Express. Reports indicate that Makena filed for […]
03/17/2023
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By JD Heyes
Jaw-dropping video proves Signature Bank was a WOKE institution run by clowns focused on left-wing culture, not profits and risks
After regulators intervened to prevent the systemic collapse of Signature Bank earlier this week, the institution is now facing backlash after several of its “woke” videos went viral on social media. Critics have questioned the company’s focus on social justice messaging instead of its banking operations as its management team insisted on pushing left-wing cultural destruction and […]
02/06/2023
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By Ramon Tomey
Economic collapse incoming: Sweden hit with wave of bankruptcy filings
The Scandinavian nation of Sweden saw a sharp increase in the number of companies filing for bankruptcy. Russia Today (RT) mentioned that the number of bankruptcy filings surged to the highest level in at least a decade in January. It cited a Feb. 1 Bloomberg report that also pointed out the increase coinciding with an […]
10/21/2022
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By Kevin Hughes
German health minister: Hospitals in Germany are facing bankruptcy due to rising energy prices, inflation
Several hospitals in Germany are on the verge of bankruptcy because of the rising energy prices and inflation, according to German Health Minister Karl Lauterbach. He warned that more hospitals will soon follow unless the federal government comes up with some form of compensation. “If we do not react quickly and really drastically, there will be […]
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