marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
finance riot
06/28/2024
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By Kevin Hughes
EU hastens DE-DOLLARIZATION by stealing Russian money and giving it to Ukraine
The European Union will send 1.4 billion euros ($1.5 billion) from the frozen assets of the Central Bank of Russia to the European Peace Facility (EPF) to meet Ukraine’s military requirements – a move that will accelerate de-dollarization. Josep Borrell, EU high representative for foreign affairs and security policy, declared on June 24 that the […]
06/27/2024
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By Olivia Cook
More and more retired Americans returning to work to cope with rising cost of living under Biden’s failing economy
Retirement is a financial milestone many Americans aim for, but more and more retirees are returning to the workforce lately due to financial strains exacerbated by market volatility and inflation. This trend, dubbed “unretirement,” is gaining momentum as retirees seek additional income to cope with rising living costs. Recent surveys reveal that about 44 percent of retirees […]
06/26/2024
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By News Editors
Retirement nightmare – Hordes of retired Americans may need to go back to work just to survive
The Social Security program was instituted to help elderly Americans thrive during their retirement years. Unfortunately, millions upon millions of retired Americans are finding that their monthly Social Security payments are simply not enough as the cost of living spirals out of control. One recent survey found that a whopping 85 percent of U.S. adults now consider […]
06/26/2024
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By Olivia Cook
Casual dining restaurant chain Hooters CLOSES several locations nationwide as “restaurant apocalypse” worsens
Casual dining restaurant chain Hooters – known for its iconic wings and the signature Hooters Girls – has announced the closure of several locations across the United States. The closures appear to impact Hooters locations in 14 states. According to Hooters’ owner Nord Bay Capital, economic challenges such as rising food, labor and rent costs […]
06/25/2024
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By Laura Harris
Rite Aid to CLOSE 27 more stores due to ongoing bankruptcy proceedings
Rite Aid, one of America’s largest drugstore chains, recently announced its plan to close 27 more stores due to ongoing bankruptcy proceedings. According to a “notice of additional closing stores” filed with the U.S. Bankruptcy Court of the District of New Jersey on June 17, Rite Aid closed 15 stores in Ohio and 12 in Michigan. This brought […]
06/25/2024
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By Belle Carter
U.S. Treasury puts Japan back on currency manipulator watchlist for potential foreign exchange malpractices
The United States Department of the Treasury recently announced that it has once again put Japan on a list of major trading partners that it monitors for potentially unfair foreign exchange practices. Japan had been absent from the watchlist since June 2023. Currency manipulation is an effort to tinker with the value of a nation’s currency about […]
06/24/2024
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By Ethan Huff
If China’s economy collapses – and it sure looks like it’s going to – the entire global economy will go with it
The world’s second-largest economy “is teetering on the brink of disaster,” according to Business Insider (BI). That economy is China’s, which is showing major signs of an impending collapse with numerous market-shaking events in recent days. So far this spring, Beijing has: – Canceled initial public offerings (IPOs) – Fined tech companies billions for antitrust […]
06/21/2024
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By Zoey Sky
Germany’s EV sales plummet as demand in Europe declines
The European Union’s main auto industry body recently reported that sales of new battery-electric cars in the region have dropped by 12 percent in May from a year earlier, with a 30 percent decrease in Germany. Germany, the bloc’s largest electric vehicle market, brought an early end to subsidies for buying EVs as part of a last-minute […]
06/21/2024
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By Ethan Huff
Biden’s economy is COLLAPSING as companies everywhere announce bankruptcies, closures fueled by runaway inflation
A new analysis from CoreSight Research warns that nearly 3,200 stores are slated for closure across America this year, this representing a 24 percent increase in store closures compared to 2023. Leading the pack are U.S. drug stores and pharmacies, which shuttered eight million square feet of retail space so far this year. Then comes […]
06/21/2024
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By Ethan Huff
Malaysia, which controls 25% of the world’s sea route trade via the Strait of Malacca, announced it is joining BRICS
In an interview with Chinese media outlet Guancha, Malaysian Prime Minister Anwar Ibrahim revealed that his country is preparing to join the BRICS (Brazil, Russia, India, China, and South Africa) alliance of emerging economies. Last year, BRICS decided to expand its membership ranks to challenge the current Western-led world order, which has become an overflowing […]
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