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News & Articles By Belle Carter
12/29/2022
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By Belle Carter
Economists: Over $31 trillion national debt could lead to slow-moving economic demise
The Department of the Treasury announced in October that the national debt blew past $31 trillion. Analysts say this is due to years of fiscal splurging and heightened by the Wuhan coronavirus (COVID-19) pandemic. Some economists are worried that it could lead to a slow-moving economic demise. (Related: US national debt hits $31 TRILLION for the first time.) […]
12/26/2022
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By Belle Carter
Housing collapse: Home sales drop for a record 10th straight month
The National Association of Realtors (NAR) reported on December 21 that existing-home sales fell for the 10th straight month in November as the Federal Reserve keeps raising interest rates. The report included the sales of previously owned homes, indicating a decline of 7.7 percent in November from the previous month to a seasonally adjusted annual rate […]
12/22/2022
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By Belle Carter
Comex: Silver is being drained from the vaults since the start of 2022
The current trends from Comex, the global derivatives market that allows trading in futures contracts of gold and silver, show that silver is being drained from the vaults since the start of the year. New York-based precious metals dealer SchiffGold wrote on its website that the drainage since the start of the year has been […]
12/21/2022
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By Belle Carter
EU approves direct carbon taxes on individuals, buildings and road transport fuels
Mainstream media in the United States and the official website of the European Parliament may not be reporting it, but European Union (EU) legislators agreed on December 18 that they will impose carbon taxes on individuals, buildings and road transport fuels. Reports indicated that the new tax will apply to petrol, diesel and heating fuels. “The […]
12/19/2022
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By Belle Carter
Sam Bankman-Fried’s ex-girlfriend may have fed the government information that led to his arrest
The former CEO of Alameda Research trade company Caroline Ellison, who also happened to be Sam Bankman-Fried’s (SBF) ex-girlfriend, was spotted in a Lower Manhattan coffee shop earlier in the month. This sparked speculations that she was in New York to meet with law enforcement officials. Legal experts even claimed that she likely flipped on […]
12/19/2022
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By Belle Carter
Used car prices drop 14.2% due to influx of new cars, higher borrowing costs
User car prices this year are down 14.2 percent compared to 2021, according to the Used Vehicle Value Index by the car auction company Manheim. This is the largest used car price dive ever based on the firm’s data. According to auto service organization Cox Automotive, the continued hike in borrowing rates and the influx […]
12/16/2022
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By Belle Carter
SEC reveals Sam Bankman-Fried squandered FTX missing funds on political donations and himself
Federal documents have exposed that Sam Bankman-Fried (SBF), founder of the collapsed cryptocurrency exchange FTX, has taken billions of dollars out of the “Ponzi scheme” company to spend on his personal needs and countless political donations. The controversial mogul, who was arrested in the Bahamas on December 12 and is now facing charges following his company’s […]
12/14/2022
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By Belle Carter
EU mandates crypto firms report users’ holdings to tax authorities, evoking surveillance concerns
The European Union (EU) announced on December 8 that it will mandate cryptocurrency firms to register their European users’ holdings to tax authorities. It could have wide-reaching implications, including forcing non-EU based companies to have to register with tax entities within the bloc. The new law, which is inspired by international standards designed to curb crypto […]
12/14/2022
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By Belle Carter
Chinese police bust gang that laundered $1.7B in cryptocurrency using Tether stablecoins
Chinese law enforcement recently arrested 63 people who allegedly used cryptocurrency to launder a total of 12 billion Chinese yuan or $1.7 billion. The suspects, allegedly part of a criminal gang, were arrested as part of Beijing’s crackdown on digital currency trading. Officers from the public security bureau (PSB) of Tongliao City in China’s Inner […]
12/07/2022
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By Belle Carter
Amazon to fire 20,000 employees – the largest staff reduction in company’s history
People with knowledge of the matter have confirmed that multinational e-commerce and tech giant Amazon will be laying off 20,000 of its employees, including top managers, data scientists, software engineers and other corporate workers. This represents the largest staff reduction in the company’s history. The latest update from sources, who requested anonymity because they were […]
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