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News & Articles By Arsenio Toledo
07/28/2022
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By Arsenio Toledo
Joe Biden has presided over more inflation in his 18 months in office than any other elected president in history
President Joe Biden has officially presided over more inflation than any other elected American president since 1948, when the Bureau of Labor Statistics began keeping track of annual inflation rates. The latest report from the bureau shows that annual inflation in June was sitting at 9.1 percent, another 40-year high. The average inflation for Biden’s first […]
07/27/2022
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By Arsenio Toledo
Record number of Americans having difficulties covering household expenses as inflation crisis continues
The Census Bureau has found that more Americans are now having difficulties paying their bills than during the Wuhan coronavirus (COVID-19) pandemic lockdowns in 2020. The bureau conducted a poll in late June and early July asking whether adults in households have had difficulty paying for usual household expenses in the last seven days. According to the data, […]
07/26/2022
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By Arsenio Toledo
California regulator to investigate crypto companies for not disclosing risks of crypto lending activities
The California Department of Financial Protection and Innovation (DFPI) has warned consumers to “exercise extreme caution” when dealing with interest-bearing cryptocurrency accounts as it begins an investigation into whether big players in this part of the crypto industry have broken the law. Without naming which companies, the DFPI stated that multiple businesses engaged in providing interest-bearing […]
07/26/2022
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By Arsenio Toledo
Desperate crypto investors scramble, beg to withdraw their money
Regular Americans who invested and stored their assets in crypto banks are now reeling and fighting tooth and nail just to get all of their assets back. Big-name cryptocurrency lending companies like Celsius Network and Voyager Digital also offered bank-like accounts that pay interest rates far higher than traditional lenders. These companies even marketed themselves […]
07/25/2022
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By Arsenio Toledo
US unemployment claims rise to highest level in eight months
The number of Americans that have applied to receive unemployment benefits has jumped for the third week in a row. According to the Department of Labor, this latest jump in jobless claims is the highest in eight months. For the week ending on July 16, initial unemployment claims increased by 7,000 to 251,000. Economists surveyed by Reuters only expected […]
07/24/2022
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By Arsenio Toledo
Founder of fraudulent crypto CONVICTED for stealing over $6 million from investors
Randall Crater, the creator of purported cryptocurrency My Big Coin, has been convicted for stealing over $6 million from investors by falsely claiming that this new crypto asset was backed by commodities. The Department of Justice said Crater, 51, offered virtual payment services through his fraudulent digital currency. (Related: “Cryptoqueen” becomes first crypto criminal on FBI’s top 10 most […]
07/22/2022
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By Arsenio Toledo
Uprising in Panama accelerates as collapsing economy worsens
Protests in Panama have been going on for over three weeks now, with no signs that the demonstrations will end soon despite attempts by the government to hold negotiations and make concessions to protest groups. Unemployment in Panama has surged to about 10 percent. The inflation rate was 4.2 percent in May and 5.2 percent in the […]
07/21/2022
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By Arsenio Toledo
Home sales plunged for the fifth month in a row in June
Existing-home sales in the United States plunged for the fifth consecutive month in June by 5.4 percent, according to the latest data from the National Association of Realtors (NAR). In May, sales of existing homes declined by 3.4 percent compared to April after the median price of an existing home exceeded $400,000 for the first time. […]
07/19/2022
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By Arsenio Toledo
Central banks are willing to destroy the global economy if it means saving the stock market
Central banks like the Federal Reserve and the European Central Bank (ECB) are going all out to save the stock market by going on bond buying sprees, even if this will lead to the destruction of the global economy. “Central banks are willing to – and want to, quite obviously – wipe out and destroy […]
07/14/2022
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By Arsenio Toledo
American workers have lost $3,400 in yearly income due to unrelenting inflation
The average American worker has lost roughly $3,400 in yearly income due to unrelenting inflation in the past 18 months. This is according to E.J. Antoni, a research fellow at The Heritage Foundation, a conservative think tank, who spoke to Fox Business following the publication of the Bureau of Labor Statistics’ latest consumer price index (CPI). The CPI, […]
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