marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
economic collapse
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 […]
04/03/2023
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By Arsenio Toledo
Social Security reserves draining faster than expected
Social Security’s reserves are being drained at a faster rate, and the benefits it pays out to sustain about 67 million Americans are now set to be depleted in 2034, one year earlier than previously projected. An economic slowdown, persistently high and record-breaking inflation and weaker productivity growth are all contributing to the downturn in Social […]
04/03/2023
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By Kevin Hughes
Bob Moriarty urges Americans to EDUCATE themselves about the dire state of the western financial system
Financial analyst and author Robert “Bob” Moriarty believes it is time for people to educate themselves about the financial system so they can make the right decisions. “One of the things that I tried to get across to people in interviews is that it’s time for people to educate themselves and make decisions for themselves,” […]
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 […]
03/27/2023
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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 […]
03/27/2023
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By Kevin Hughes
Health Ranger warns: Inflation will WIPE OUT pensions, Social Security
The Health Ranger Mike Adams has warned that inflation will wipe out the pensions and Social Security of Americans, adding that this wipeout is already taking place. Adams shared an announcement from a state pension fund that one of his listeners received. According to the Natural News and Brighteon.com founder, the cost of living adjustment (COLA) […]
03/24/2023
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By Arsenio Toledo
US bondholders preparing to sue Swiss government over wipeout of $17 billion worth of Credit Suisse bonds
American investors in Credit Suisse and corporate litigators are preparing to take on the government of Switzerland over its decision to wipe out $17 billion worth of Credit Suisse bonds. Swiss bank Credit Suisse was sold to one of its main competitors, UBS, in a sale brokered by the Swiss government. As part of this deal, […]
03/21/2023
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By JD Heyes
Global markets continue to slide as Swiss bank giant Credit Suisse loses more than 60 percent of its value after UBS buys it
Another massive bank — and bank bailout — has occurred as the global financial crisis that began (where else?) in the United States earlier this month continues to spread. On Monday, global stock markets experienced a sharp decline following the announcement by Swiss authorities that troubled Credit Suisse would be taken over by UBS Group. […]
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 […]
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