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News & Articles By Arsenio Toledo
08/16/2023
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By Arsenio Toledo
END OF THE DOLLAR: South Africa says over 40 countries want to join BRICS
Over 40 other countries are looking to join the BRICS bloc of developing economies. If these nations were given the opportunity to be full-fledged members, this could lead to approximately 85 percent of the global population turning away from using the United States dollar as its main foreign currency. This is according to financial expert […]
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 […]
08/01/2023
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By Arsenio Toledo
Nearly 800,000 Californians behind on rent, with over $5B accumulated rental debts
As of early May, more than 768,000 households in California were behind on rent payments, with the accumulated rental debts totaling more than $5 billion. California continues to suffer from some of the most expensive rent prices in the nation, and local organizers warn that the ending of eviction moratoriums could make the situation worse […]
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 […]
07/28/2023
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By Arsenio Toledo
BRICS bloc’s proposed gold-backed currency could spell an END to the US dollar
The BRICS bloc of developing nations wants to create a common currency backed by gold. If the organization pushes through with this, it could spell the end for the United States dollar. This is according to multiple experts who warn that BRICS’ proposal to leverage the power of gold could end with these five nations […]
07/26/2023
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By Arsenio Toledo
James Grundvig of AMP News calls FedCoin garbage, says the Fed’s CBDC is nowhere near ready
The central bank digital currency (CBDC) being developed by the Federal Reserve, known alternatively either as the FedCoin or the digital dollar, is unlikely to be ready until next year at the earliest. This is according to recent reports regarding the status of the Fed’s development of a CBDC. (Related: Only 16% of Americans would support […]
07/26/2023
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By Arsenio Toledo
168-year-old Santa Barbara News-Press files for bankruptcy, fires all workers
The 168-year-old Santa Barbara News-Press, one of the oldest newspapers in California, has ceased publishing after its parent company filed for bankruptcy. This comes just months after the newspaper ceased all physical publication, becoming an online-only news publication in April. But its last digital edition was posted on Friday, July 22, following the revelation that owner […]
07/25/2023
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By Arsenio Toledo
Mexican drug cartels are behind surge in organized retail crime across the US
Mexican drug cartels are trying to expand their global criminal empires. According to reports, they are behind the recent surge in organized retail crime (ORC) in the United States. ORC is the large-scale theft of merchandise in retail outlets with the intent to resell the items for financial gain. Retail crime has become a very serious […]
07/20/2023
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By Arsenio Toledo
Tech companies laid off nearly 221,000 workers in 2023 – already way ahead of last year’s total
Nearly 221,000 global tech-sector employees have been laid off since the beginning of 2023. This is according to data compiled by the website Layoffs.fyi, which currently lists 877 tech companies that have laid off 220,995 employees since January. Last year, 1,024 tech companies laid off a total of 154,336 employees. Most recently, tech giant Microsoft announced […]
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