marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
financial crash
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 […]
09/13/2023
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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 […]
09/05/2023
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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 […]
08/09/2023
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By Arsenio Toledo
US credit card debt rises to historic high of $1.03 trillion
The total credit card debt in the U.S. has breached the $1 trillion mark. This is according to the Federal Reserve Bank of New York, which noted that total credit card debt rose by nearly five percent, or about $45 billion, during the second quarter of 2023 to a new high of $1.03 trillion. This […]
08/03/2023
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By Arsenio Toledo
DEBT BLOWOUT: US debt has soared $1.2T since debt ceiling suspension – and the Treasury expects to add another $1.5T by year’s end
Since the suspension of the United States’ debt limit in early June, the government’s debt has spiked by almost $1.2 trillion to nearly $32.7 trillion. Worse yet, the Department of the Treasury expects another $1.5 trillion added to the national debt by the end of the year. According to data from the Treasury Department, the total […]
07/31/2023
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By Arsenio Toledo
DUMPING DEBT: Nearly two dozen countries, including many US allies, are dumping their US Treasury bond holdings
Major holders of United States Treasury bonds are selling off American debt at an alarming rate. Even the two major holders of U.S. Treasuries – Japan and China – are starting to sell off their holdings. China began its long process of selling off its massive U.S. debt holdings in June 2019, when it was […]
07/31/2023
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By Belle Carter
CBDC takeover: U.K. banks becoming obsolete as high street financial institutions shift to ONLINE transactions
In line with the massive campaign to ditch physical banking services to pave the way to central bank digital currency (CBDC), nearly 100 bank branches are to close down in the United Kingdom in the coming weeks. Leaving customers with limited options, a number of major high street banks are moving more of their banking services […]
07/10/2023
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By Laura Harris
Joe Biden’s favorability rating the lowest of any U.S. president in 70 years
In a recent series of polls, President Joe Biden’s approval rating has dropped to the lowest point in any presidency since Harry Truman’s approval rating in 1953. According to YouGov and Morning Consult, two prominent polling agencies, during the last week of June, Biden’s net-negative approval ratings stood at negative 16 and 13, respectively. Additional surveys conducted […]
06/21/2023
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By Belle Carter
National debt hits record-high $32 trillion two weeks after suspension of debt ceiling
The United States’ gross national debt hit a record-breaking $32 trillion on Friday, June 16, less than two weeks after President Joe Biden signed into law the suspension of debt ceiling. According to the nation’s treasury data, the national debt is currently at $32.03 trillion. The Congressional Budget Office estimates the country’s deficit for the […]
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, […]
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