marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
economic riot
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 […]
09/13/2023
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By Ethan Huff
Germany passes impossible “green” heating legislation that will cost economy $1 TRILLION
The left-wing government of Germany has passed a controversial new “green” heating law that will force at least 65 percent of all new installed heating systems to be “renewable” energy. The scheme, known as the Building Energy Act (GEG), is extremely expensive, estimated to cost the German economy more than $1 trillion over the next […]
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 Belle Carter
City of Birmingham declares bankruptcy, shuts down nonessential spending after being hit with $950 million equal pay claims
The local government body of Birmingham, the U.K.’s second-largest city, effectively declared bankruptcy on Sept. 5 because it no longer has enough money to pay the £760 million ($954 million) equal pay claims it owes to female government employees who were paid less than men in the past. Birmingham City Council, which provides services for […]
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 […]
09/04/2023
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By Ethan Huff
Some U.S. states likely to launch their own CURRENCY as financial COLLAPSE looms: WATCH as Ed Dowd describes the approaching scenario
It is highly unlikely that the United States government will be able to effectively roll out its planned central bank digital currency (CBDC) because in order to maintain it and keep it functional, there needs to be plenty of workers to maintain it – except those workers are either too sick to continue working or […]
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