marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
government debt
04/07/2023
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By Ethan Huff
Three congressmen introduce bill to once again back dollars with gold
In the lead-up to Easter, three United States congressmen, all Republican, have introduced a bill that would once again back the U.S. dollar with gold rather than nothing. Reps. Alex Mooney (R-W.V.), Andy Biggs (R-Az.), and Paul Gosar (R-Az.) say that HR 2435, also known as the “Gold Standard Restoration Act,” will help to restabilize […]
04/05/2023
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By Cassie B.
Social security expected to run out of money by 2033, a year earlier than previous predictions
The Social Security trust funds that pay for the benefits of 67 million Americans are now expected to run out in 2033, a year earlier than previous projections. This is according to the yearly trustees’ report released last week by the Treasury Department. The impending insolvency is largely due to a 3 percent downward revision […]
03/31/2023
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By Ethan Huff
Former Treasury official: If U.S. dollar loses global reserve currency status, there will be a complete economic IMPLOSION
The way things are currently headed, the United States dollar, a fiat currency endlessly printed by the private Federal Reserve banking cartel, is eventually going to lose its status as the world reserve currency. Once that happens, it will be game over for the current global economic order. Former Assistant Secretary for Public Affairs at […]
03/30/2023
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By Arsenio Toledo
Just five of Chicago’s largest public pension systems owe more pension debt than the sum of 44 states
The public pension funds of the City of Chicago owe so much debt that they rival the debt held by 44 states. This is according to the Illinois Policy Institute, a libertarian public policy think tank, which found that the city has $48 billion pension debt. The massive size of Chicago’s pension fund underscores how difficult […]
03/16/2023
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By Ethan Huff
If Credit Suisse implodes, it will be far worse than the SVB collapse – the European economy will fall off a cliff
It is looking increasingly likely that Swiss banking giant Credit Suisse will be the next big bank to fall, in which case the European economy will fall off a cliff, according to Bloomberg Markets Live reporter and strategist Ven Ram. Europe will be the first to feel what Ram ominously described as an upending of […]
03/15/2023
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By News Editors
The Federal Reserve just made an emergency decision which will fundamentally change banking in America forever
Did you think that the Federal Reserve was just going to stand by and watch the U.S. banking system completely collapse? In response to the stunning failures of Silicon Valley Bank and Signature Bank, the Federal Reserve announced a rescue plan on Sunday evening that is going to radically change banking in America forever. All deposits […]
03/07/2023
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By Belle Carter
Dr. Doom warns: Perfect storm of recession, debt crisis and inflation to hit markets
Renowned economist Nouriel “Dr. Doom” Roubini warned the public that a “perfect storm” of recession, debt crisis and out-of-control inflation could hit the markets this year. Roubini has been warning of a stagflationary debt crisis for months already. The looming economic collapse will combine the worst aspects of ’70s-style stagflation and the ’08 debt crisis. “I do believe […]
02/21/2023
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By Arsenio Toledo
US could default on its debt by July if deal on raising the debt ceiling is not reached
The Congressional Budget Office (CBO) has warned that the United States could default on its national debt if Congress and the White House are unable to agree on raising the debt ceiling. The current debt ceiling is $31.4 trillion. The U.S. is expected to reach this limit sometime between July and September, according to the […]
02/21/2023
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By News Editors
As the economy implodes, credit card balances are increasing at the fastest pace in U.S. history
When the going gets tough, it can be extremely tempting to pile on debt as a solution. The cost of living is rising much faster than most of our paychecks are, and this is putting an enormous amount of financial stress on hard working Americans. But rather than cutting back on spending, a lot of […]
01/18/2023
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By Belle Carter
To increase or not to increase: Republicans and Democrats clash over $31.4 trillion debt ceiling
Treasury Secretary Janet Yellen notified the country’s lawmakers last week that Congress needs to decide whether or not to proceed with the increase of the $31.4 trillion national debt limit. According to Yellen, the U.S. will hit its cap on Thursday, January 19. Once that happens, she will not be able to issue new debt without […]
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