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News & Articles By Cassie B.
01/11/2024
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By Cassie B.
Oil prices could double as Red Sea attacks continue, experts warn
Energy markets are bracing as attacks and disruptions carried out by Yemen’s Houthi rebels in the Red Sea are expected to send oil prices upward, with Goldman Sachs warning that prices could even double. The Houthis have been enacting what amounts to a blockade of shipping through the Red Sea and conducting ongoing attacks on […]
01/04/2024
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By Cassie B.
Germany’s renewable energy sector “facing the abyss” and leading to widespread economic decline
The German economy is suffering as a result of the country’s shift to renewable energies, with one paper characterizing the move as going from “a boom to crisis.” When inflation and interest rates were lower, the renewable energy industry in Germany may have been booming, but raw materials are becoming more difficult to secure and […]
01/02/2024
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By Cassie B.
“The Great Taking” details the planned confiscation of everyone’s assets in the next engineered financial collapse
Most Americans have heard some version of what happened during the Great Depression in history classes, but a new book by David Webb presents an alternate take on what occurred. The former hedge fund manager explains in the book and a documentary by the same name, “The Great Taking,” why he believes it was all […]
12/22/2023
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By Cassie B.
Skyrocketing global debt setting the stage for a cataclysmic financial crisis
The world has racked up record levels of debt, and concerns are growing about the global economy’s ability to continue in the face of high interest rates. Easy money policies in recent years that provided incentives for borrowing money in hopes of stimulating the economy led to record levels of borrowing. While this may have […]
12/20/2023
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By Cassie B.
U.S. Steel sold to Japanese firm for nearly $15 billion, raising concerns about national security
A major part of American history, the steel producer U.S. Steel, has been sold to the Japanese firm Nippon Steel in a transaction that is worth nearly $14.9 billion. The offer is almost twice that put forth by Cleveland Cliffs a few months ago, which the company rejected. U.S. Steel was once the biggest corporation […]
12/04/2023
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By Cassie B.
Mass bank branch closures and troubled real estate sector point to impending U.S. financial crisis
Many of the country’s biggest banks have been closing local branches left and right lately, and some financial experts are warning that even more problems will follow – and it could all be headed toward a financial crisis. The nation’s sixth-biggest bank, PNC, recently confirmed it would be closing 19 branches around the United States. […]
11/15/2023
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By Cassie B.
Moody’s downgrades U.S. credit outlook from “stable” to “negative” amid political drama
Moody’s downgraded its outlook on the U.S. credit rating from “stable” to “negative” on Friday, Nov. 10, in response to sizable fiscal deficits and a drop in debt affordability. The move highlights America’s increasingly dire fiscal standing. Moody’s kept the U.S. at its highest rating of AAA, which means it was not a full downgrade. […]
11/07/2023
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By Cassie B.
Calls increase to BOYCOTT major corporations for supporting Israeli genocide against Palestinian civilians
The Israeli economy is already suffering from the country’s actions in Gaza, with the shekel reaching a 14-year low and its benchmark stock index dropping 10 percent. With the possibility of a long war ahead that could potentially expand to other fronts, Israel’s economic downturn could be severe, with one economist predicting the economy will […]
10/03/2023
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By Cassie B.
Russia has almost fully bypassed Western sanctions on oil exports
Western sanctions against Russian oil exports have proven to be unsuccessful as Moscow continues finding ways to completely bypass them. Revenue from Russian oil sales represents a significant share of the Kremlin’s budget, and Western countries hoped that sanctioning exports would dry up funding for their invasion of Ukraine. The U.S. and the EU have […]
09/14/2023
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By Cassie B.
GREEN MIRAGE: World’s biggest offshore wind farm developer warns industry is in serious trouble
The offshore wind industry is in trouble both at home and abroad as it fails to live up to expectations as a dependable source of “green energy.” The world’s biggest offshore wind farm developer, the Danish energy firm Orsted, has seen its value fall by 31 percent since declaring $2.3 billion of U.S. impairments last […]
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