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News & Articles By Lance D Johnson
02/05/2025
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By Lance D Johnson
Shocking analysis: The true US national debt EXCEEDS $158 trillion, not $36 trillion
Truth in Accounting warns that the U.S. government’s true financial liabilities exceed 158 trillion, far surpassing the 36 trillion national debt. The organization highlights the alarming shortfall in funding for Social Security and Medicare, with each taxpayer’s share of the debt nearing $1 million. Experts call for urgent reforms, including full accrual accounting, to address […]
02/04/2025
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By Lance D Johnson
Tech billionaire Marc Andreessen predicts AI will crash wages to achieve low price consumer utopia
In a controversial vision of the future, venture capitalist Marc Andreessen argues that plummeting wages driven by AI are a necessary step toward a consumer paradise. Critics warn of the formation of a dystopian underclass and the erosion of human value in the workplace. Marc Andreessen, co-founder of venture capital giant Andreessen Horowitz, tweeted that […]
02/04/2025
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By Lance D Johnson
Cryptocurrency market PLUMMETS as trade war fears trigger $2.2B in liquidations
This week, the cryptocurrency market experienced one of its steepest declines in years, with major tokens like XRP, Dogecoin (DOGE), and Cardano’s ADA plunging more than 25% in 24 hours. The sell-off, fueled by fears of a global trade war following new U.S. tariffs on Canada and Mexico, erased gains made since December and pushed […]
01/30/2025
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By Lance D Johnson
US technocrats are struggling to compete with China’s Deepseek, and are seeking any reason to ban it
As US technocrats and oligarchs realize they are losing the AI race with China, they are seeking any possible way to take down China’s more advanced, more logical, uncensored AI systems. US leaders are seeking to control the narrative. China’s Deepseek is not only outperforming US AI systems, but it’s also more transparent with its […]
01/27/2025
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By Lance D Johnson
Japan raises interest rates to 17 year high, as inflation and rising wages rapidly shift global economies
The Bank of Japan (BOJ) raised its short-term interest rate to 0.5%, the highest level since 2008, signaling that the cost of goods and services are skyrocketing still. Core inflation in Japan hit a 16-month high of 3.0% in December, driven by rising food and energy costs, as well as the phase-out of government subsidies. […]
01/20/2025
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By Lance D Johnson
Bank of America’s $112 unrealized bond losses highlight precarious state of U.S. banking system
Bank of America reported $112 billion in unrealized bond losses, representing 57% of its tangible common equity. The losses stem from pandemic-era investments in low-yield bonds, now devalued by rising interest rates. The U.S. banking sector faces over half a trillion dollars in unrealized bond losses, raising concerns of systemic risk. The Federal Reserve’s attempts […]
01/14/2025
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By Lance D Johnson
Why is Ukraine trying to cut off Europe’s energy supply?
As Ukraine targets Russian energy infrastructure and halts gas transit to Europe, the EU must grapple with energy security concerns and shifting supply dynamics. But why is Ukraine trying to cut off Europe’s energy supply, and why isn’t Ukraine being criticized for these hawkish actions, as Russia tries to provide energy security to Europe? Ukrainian […]
01/04/2025
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By Lance D Johnson
Germany’s green energy dream turns into a NIGHTMARE: economic collapse, environmental failures and geopolitical tensions
Germany’s over reliance on intermittent renewable energy sources like wind and solar has led to an energy crisis, exacerbated by the phenomenon of Dunkelflaute (periods of no wind or sunlight). Electricity prices in Germany are the highest in Europe, reaching €900/MWh during crises, compared to €250/MWh in nuclear-powered France. The hasty phase-out of nuclear power […]
01/03/2025
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By Lance D Johnson
Credit card defaults skyrocket to 14-year high – a sign that inflation’s worst effects have yet to be realized
U.S. credit card defaults surged to $46 billion in the first nine months of 2024, the highest level since 2010. Defaults have jumped over 50% year-over-year, with seriously delinquent loan balances more than doubling in two years. 74.5% of US consumers carry credit card debt, with over 90% of paycheck-to-paycheck households struggling to pay bills. […]
12/30/2024
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By Lance D Johnson
Trump’s 2024 triumph could usher in new era of Republican dominance, if results are attained on several crucial fronts
The 2024 presidential election drastically altered the political landscape, with the prospect of a long-term realignment that favors revolutionary reforms from the Republican Party. The triumph of Donald Trump, combined with Republicans regaining the Senate majority and maintaining control of the House, has sent shock-waves through the political establishment. However, if real world results are […]
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