marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
debt collapse
09/22/2023
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By Belle Carter
Public NUMBS as government DEBT BOMB explodes to $33T, annual budget DEFICIT approaches $2T
The United States gross national debt just exceeded $33 trillion on Friday, September 15, three months after the federal government’s debt eclipsed $32 trillion in June. Additionally, the budget deficit is on track to reach $2 trillion in the current fiscal year. As per financial experts, Americans seemed to have become desensitized to these figures […]
09/21/2023
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By Olivia Cook
U.S. national debt hits $33 trillion mark, with $1 trillion incurred in just the last 3 months
The gross national debt of the U.S. surpassed $33 trillion on Sept. 18 – just three months after hitting the $32 trillion mark. The non-profit Committee for a Responsible Federal Budget (CRFB) said in a press release that on June 15, the federal government’s gross debt eclipsed $32 trillion. By comparison, the national debt was less than a […]
09/18/2023
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By News Editors
The coming collapse of the global Ponzi scheme
It won’t be long before governments around the world, including the one in Washington, self-destruct. (Article by George Ford Smith republished from Mises.org) Strong words, but anything less would be naïve. As economist Herbert Stein once said, “If something cannot go on forever, it has a tendency to stop.” Case in point: fiat money political regimes. Interventionist […]
09/13/2023
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By Arsenio Toledo
U.S. household income FELL in 2022 for the third straight year due to inflation and rising cost of living
The average household income of Americans fell in 2022 for the third straight year as the cost of living rose and their living standards continued to be eroded by unrelenting inflation. This is according to data from the Census Bureau released on Tuesday, Sept. 12, which saw that U.S. real median household income in 2022 fell by […]
09/12/2023
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By Belle Carter
High interest rates contribute to the doubling of the federal deficit despite Biden’s claim of “strong economy”
The federal deficit has been forecasted to skyrocket to double last year’s $1 trillion to roughly $2 trillion for the fiscal year ending Sept. 30, despite President Joe Biden’s claim of robust and improving overall economic growth because of his government measures. The administration’s claim that the financial status is strengthening came when the deficit […]
09/11/2023
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By News Editors
Peter Schiff: Fed money magicians running out of rabbits
Most people think everything is fine. The Fed is getting inflation under control and soon they’ll be able to cut interest rates, keeping the economy from falling into a deep recession. In his podcast, Peter Schiff poured cold water on this narrative. He explains why the Fed won’t be able to repeat the magic it […]
09/05/2023
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By Arsenio Toledo
Massive government spending is keeping inflation high, warns market expert
The government is not getting its massive spending under control, and this could undermine the Federal Reserve’s ongoing fight against inflation. Market expert Larry McDonald warned that America’s fiscal situation will get worse without any change. “No one is calling them out,” he said. “Washington is stepping on the gas – colossal deficit spending – and […]
09/01/2023
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By Arsenio Toledo
Taxpayer money going down the drain: Biden circumvents SC decision, cancels $72M in student debt
President Joe Biden has made good on his promise to circumvent a Supreme Court decision. The Biden administration recently canceled student loans amounting to $72 million for 2,300 students who were deceived by the now-defunct Ashford University. Based on an independent review by the Department of Education (ED) the degrees obtained by the students are “effectively worthless.” This […]
08/30/2023
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By Ethan Huff
BRICS nations jolt global economy, start trading oil in RUPEES rather than dollars
While the United States obsesses about things like mutilating children’s genitals as the economy enters a freefall collapse, members of the BRICS (Brazil, Russia, India, China, and South Africa) alliance are starting to trade oil using currencies other than the petrodollar. Just the other day, in fact, India reportedly purchased an order of oil using […]
08/30/2023
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By Ethan Huff
FedEx, UPS both see PLUMMETING shipping volume as economy nears COLLAPSE
The cargo market is imploding as shipping giants UPS and FedEx report precipitously declining package transit demand. We know that the number of package flights operated by both FedEx Express and UPS “significantly declined month over month in July,” according to Yahoo! Finance. Since the spring of 2022, the overall cargo market has been waning. […]
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