marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
debt bomb
05/06/2022
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By News Editors
It’s mid-2022 and the fed has still done nothing to fight inflation
It was last August when Jerome Powell began to admit that inflation just might be a problem. But even then, he was only willing to say that inflation would likely be “moderately” above the arbitrary 2 percent inflation standard. Back in August, low inflation—not high inflation—was still perceived to be the “problem.” But things had certainly changed […]
05/05/2022
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By News Editors
Uber reports surging revenue as drivers return, but posts massive loss on investments
Uber on Wednesday reported surging revenue during the first quarter as the ride-hailing company said it’s recovering from its coronavirus lows and wouldn’t have to put up “significant” investments to keep drivers on the platform. (Article by Jessica Bursztynsky republished from CNBC.com) But it also reported a $5.9 billion loss during the period that was largely attributed to the revaluation of […]
05/05/2022
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By Ramon Tomey
“Buy now, pay later” schemes touted by influencers burying Gen Z deeper in debt
Social media influencers on TikTok have been touting “buy now, pay later” (BNPL) schemes for the supposed convenience when it comes to purchasing products and services. However, these installment schemes only serve to bury Generation Z deeper in debt. BNPL apps such as Klarna, Sezzle, Zip, Afterpay and Affirm present themselves as easier and more […]
05/05/2022
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By Mike Adams
The most epic and dangerous economic STORM in history is now upon us
The most epic and dangerous economic storm in history is now upon us… and there’s no way out. The central banks and government kleptocrats have set the trap for themselves, and now they’re caught with no escape. Yesterday the Fed just raised interest rates by 50 basis points (0.5%) in an effort to stem the […]
05/03/2022
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By News Editors
US economy crashes headlong into recession
Is it too extreme to say an annualized GDP growth number of minus 1.4% this quarter puts us in recession in this quarter, and is it too extreme to call that a “crash?” No, it is not in the least extreme, and I’ll tell you why, even though the standard definition of a recession is two consecutive quarters of negative GDP change. (Article […]
04/24/2022
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By JD Heyes
Governments on road to collapse as global supply chain crisis, inflation worsen; Sri Lanka now suspending foreign debt payments
The supply chain crisis caused by entire countries shutting down for months over a virus that had a 99.5 percent survival rate is now being exacerbated by the war in Ukraine and new lockdowns in some producer countries, and is now causing some countries so much economic stress they are defaulting on their debts. Sri Lanka, […]
04/20/2022
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By Ethan Huff
Argentina’s annual inflation rate just hit 55.1%, and experts are predicting 60% for the entire year
The inflation rate in the South American country of Argentina is exceeding forecasts, creating worries for many. According to the latest government data, Argentina’s monthly inflation rate officially rose to 6.7 percent in March, the highest level in two decades. Both food and gasoline are affected by the increase, which is outpacing some people’s salaries […]
04/14/2022
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By News Editors
On the heels of Russia’s dollar bond default, Sri Lanka defaults on its dollar debt – who is next to destabilize just so its people can eat?
Noted journalist (once upon a time journalists were actually recognized as ‘noted’-not just paid off propagandists) and author Alfred Henry Lewis said in 1906, “There are only nine meals between mankind and anarchy.” (Article by Stan Szymanski republished from EncouragingAngels.org) According to Bloomberg | Quint: ‘Sri Lanka warned of an unprecedented default and halted payments on […]
04/11/2022
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By JD Heyes
GOP senator blasts Biden for extending student loan payment moratorium AGAIN, saying it’s “an insult” to responsible Americans
A leading Republican senator is railing on President Joe Biden following reports that his administration is considering yet another moratorium on student loan repayments long after financial hardships caused by the COVID-19 pandemic have passed. Sen. Tom Cotton (R-Ark.) noted on Twitter that the payment freeze is “an insult” to responsible Americans who pay their […]
04/08/2022
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By Mary Villareal
Poor countries feel the brunt of surging prices as governments crank up handouts to help cover the costs
The surge in food and fuel prices has pressured governments to pick up the tab for their citizens, effectively stretching public finances and intensifying political instability in fragile economies. Government handouts have kept fuel and food price protests in check, but it may prove too much to bear for poorer countries. Protests have broken out […]
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