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News & Articles By Arsenio Toledo
08/24/2023
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By Arsenio Toledo
IMPLOSION: Latest data shows Europe’s economy has contracted to its lowest activity level since first year of pandemic
Data coming out of Europe shows that business activity this month has contracted to its lowest level since November 2020. In the Eurozone – the parts of the continent that currently use the euro as its main legal currency – the HCOB Flash Eurozone composite purchasing managers’ index (PMI) fell to 47.0 in August from 48.6 in July, its […]
08/23/2023
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By Arsenio Toledo
Breitbart’s John Carney: BRICS currency is NOT A THREAT to the US dollar
For Breitbart Economics Editor John Carney, a potential BRICS currency should not be considered a threat to the supremacy of the United States dollar. Carney made this claim during an interview with Fox Business host Larry Kudlow on Friday, Aug. 18. This claim was made before the 15th BRICS summit in Johannesburg. (Related: BRICS bloc discussing possible expansion as […]
08/22/2023
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By Arsenio Toledo
BRICS block discussing possible expansion as it seeks to “upend” the US dollar
In an opinion piece published for Fox News, strategic intelligence analyst Rebekah Koffler warned that the BRICS bloc wants to “upend” the United States dollar. The BRICS bloc of developing economies, formed in 2009, is currently meeting for its 15th summit in Johannesburg, South Africa, with the goal of the meeting being to discuss possible expansion […]
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 […]
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