marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
supply chain
09/01/2023
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By Zoey Sky
Severe DROUGHT affecting Panama Canal threatens at least 40% of the world’s cargo ship traffic
A severe drought is threatening to disrupt shipping on the Panama Canal, the crucial waterway responsible for transporting 40 percent of the world’s cargo ship traffic. An estimated two-thirds of the canal’s traffic is either headed for or leaving the United States. The products that typically ship through the canal include petroleum products, grains, canned and refrigerated foods, […]
08/30/2023
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By Belle Carter
End of the U.S. empire and its weaponized dollar? BRICS to account for HALF of global food production when new member states join next year
The BRICS (Brazil, Russia, India, China and South Africa) bloc of top emerging economies, which was formed in 2009, just took a major step in the expansion of its influence by inviting six more progressive nations to become new state members. Come January 2024, Argentina, Ethiopia, Iran, Saudi Arabia, Egypt and the United Arab Emirates […]
08/24/2023
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By Richard Brown
Biden’s tariffs to drive up prices of canned goods, solar panels as “Bidenflation” intensifies
Tariffs are often touted as economic tools to protect domestic industries and address trade imbalances. But the recent plans of President Joe Biden’s administration to impose these on can-making metals imported from China, Germany and Canada will have potential ramifications for both international trade and everyday consumers. While the decision intends to address concerns about trade […]
08/23/2023
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By Ethan Huff
Worsening DROUGHT creates “big mess” at Panama Canal; 200 ships stuck in major BOTTLENECK at one of world’s most important trading routes
Ever-worsening drought conditions in Panama have created a major shipping bottleneck at the Panama Canal, which has a “parking lot of vessels” piling up on both sides with no end in sight. Lack of water in the area has made it extra difficult for some ships to make it through one of the world’s most […]
08/17/2023
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By Zoey Sky
Trucking firm granted $700 million U.S. bailout declares BANKRUPTCY
Yellow, the freight-trucking company formerly known as YRC Worldwide, is struggling and filing for bankruptcy three years after receiving a $700 million Wuhan coronavirus (COVID-19) pandemic-era bailout from the federal government. Despite negotiations that went on for months, disagreements between Yellow’s management and the International Brotherhood of Teamsters (Teamsters Union), a labor union in the U.S. and Canada, resulted […]
08/17/2023
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By Laura Harris
India not turning away from Russian Urals crude even as discount to global benchmarks narrows
Indian buyers see no reason to turn away from Russian Urals crude even as the discount to global benchmarks narrows. They argue that similar-quality barrels from the Middle East remain more expensive. In 2022, Russia became the leading supplier of crude due to affordable prices and good control of energy inflation. Earlier this year, the discount […]
08/10/2023
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By Kevin Hughes
Another bank and big trucking firm COLLAPSED in July as more and more companies buckle under “Bidenomics” failure
Another bank and a trucking firm collapsed in late July, adding to the list of companies that have buckled under economic pressure in the United States. Heartland Tri-State Bank (HTSB) of Elkhart, Kansas failed on July 28 – with the Federal Deposit Insurance Corporation (FDIC) assuming control and organizing a sale soon after. The FDIC agreed […]
08/07/2023
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By Arsenio Toledo
OPEC’s crude production DROPS to its lowest level in three years as Saudi Arabia continues to throttle oil production
The Organization of the Petroleum Exporting Countries’ (OPEC) crude oil production has plummeted to its lowest level in three years, largely due to Saudi Arabia implementing deeper cutbacks in production in a bid to shore up global oil prices. Data shows that OPEC’s crude oil output plunged by 900,000 barrels a day last month to an […]
08/04/2023
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By Ramon Tomey
Saudi Arabia to extend its voluntary oil production cut until September
Oil-producing giant Saudi Arabia has confirmed that it will extend its voluntary oil production cut until September. The state-owned Saudi Press Agency (SPA) announced the extension on Aug. 3, the third month of Riyadh cutting back on oil production. It quoted a source from the Saudi Ministry of Energy, who said: “In effect, the kingdom’s […]
08/04/2023
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By Ethan Huff
EV supply chain problems drive GM to build “green” battery packs for electric cars BY HAND
The automotive industry is losing money hand over fist as it attempts to comply with the Biden regime’s “green” energy initiatives, which includes eventually replacing all gas-powered cars with electric vehicles (EVs). General Motors (GM) is reportedly struggling with costs as it feverishly works to unleash more EVs while still maintaining some kind of profit. […]
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