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The crash will be spectacular

November 22, 2023 -

(Article republished from TheBurningPlatform.com)

The government collects $2.6 trillion of individual taxes at the point of a gun and threat of prison. Meanwhile they still operate at an annual deficit of $2 trillion. And this is before interest on the national debt starts to really skyrocket. Our Troll Secretary of the Treasury Yellen had the opportunity to lock in trillions of our national debt for 30 years at 2% rates, but purposely kept rolling it on a short-term ...

Zimbabwe introduces new currency BACKED BY GOLD

13 days ago -

This comes amid a bid by the southern African nation to stabilize its economy and counteract the devaluation of its previous currency, the Zimbabwean dollar.

Reserve Bank of Zimbabwe Gov. John Mushayavanhu declared on Friday, April 5, while displaying the nation's 2024 monetary policy statement that the "structured currency" or ZiG will be set primarily in gold and foreign currency reserves.

"With effect from today, banks shall convert the current Zimbabwe dollar balances ...

Poll: Americans don’t want a central bank digital currency

June 12, 2023 -

(Article by Adam Dick republished from RonPaulInstitute.org)

This result of the poll conducted from February 27 through March 8 in collaboration with YouGov is promising for Americans concerned about the threat a CBDC, which the Federal Reserve and big financial companies have been testing in preparation for its potential introduction, poses to freedom and privacy in America.

The poll results further indicate that, if Americans can be educated about the abusive government ...

Russia to resume foreign exchange purchases to boost currency reserves

May 05, 2023 -

According to Bloomberg Economics, the move aims to bolster Russia's reserves as growing energy revenues "stabilize" public finances despite the West's efforts to squeeze Kremlin's income. The media outlet estimated initial volumes amounting to an equivalent of around $200 million in yuan per month.

The Chinese currency is the main asset Russia can still use to conduct transactions for its $154 billion wealth fund because of the sanctions that cut the country off from the world's ...

Airbnb listing revenue COLLAPSES, driving fears of housing market crash

July 04, 2023 -

While in years past both Airbnb and VRBO would be seeing many additional stays across the United States this time of year, the opposite is happening now. Homeowners who rent out rooms and spaces are seeing dwindling interest, which is driving down prices for stays.

In popular destination cities like Phoenix, Ariz., and Austin, Tex., revenues per listing have dropped by nearly 50 percent, according to the most recent data from AllTheRooms, which compared Airbnb revenues ...

The Health Ranger denounces DISHONEST and UNRELIABLE fiat currency banking system

September 15, 2023 -

He made this denouncement during a Sept. 7 appearance on the "Crypto Coin Show" hosted by Ashton Addison, which also aired as an episode of the "Health Ranger Report." Adams, a fan of privacy cryptocurrency, blasted the fiat currency banking system as a dishonest and rigged ledger where people will never get ahead.

"We've seen a lot of viewpoint discrimination in the banking industry," he told Addison. "Those things together really led me to understand that the fiat ...

Baltimore bridge ship crash fatalities: 2 confirmed dead, 4 still missing

a month ago -

Unfortunately, a construction crew working on the bridge suffered casualties, with eight individuals plunging into the icy waters of the Patapsco River, where temperatures were as low as 8 C. Of the eight, two were rescued – one unharmed and the other critically injured.

Baltimore police said Wednesday, March 27, that they had found the bodies of the two, leaving four individuals still missing.

Maryland State Senator Johnny Ray Salling, hailing from the affected area, ...

Gold, silver and bitcoin SOAR as U.S. empire nears final currency COLLAPSE

2 months ago -

Inflation continues to roar, as are the prices for gold, bitcoin and other non-fiat assets that continue to outperform increasingly worthless U.S. paper dollars. Gold is teetering at an all-time high, as is bitcoin. Meanwhile, the U.S. dollar is, well, not as popular as it once was.

The U.S. stock market, led by Nvidia and a couple other stocks, is also oscillating at an all-time high while the rest of the market drops. All of this combined with steadily rising inflation ...

Zimbabwe defies IMF, sells gold-backed digital tokens to stabilize volatile currency

May 17, 2023 - currency crash. In June 2022, the RBZ introduced gold coins, both "as a store of value and to help support the local unit" of currency.IMF incensed by Zimbabwe's golden measure

Harare's actions did not quite sit well with the IMF, which admonished the country against adopting a gold-backed digital token.

A spokesperson for the financial agency said in a May 9 email to Bloomberg: "A careful assessment should be conducted to ensure the benefits from this measure ...

Argentina on brink of collapse as currency fails, leaving country nearly broke

May 14, 2023 -

As per Buenos Aires-based consulting firm 1816 Economia & Estrategia, the South American nation has already depleted all of its available liquid international reserves, along with an additional estimated $1 billion. This situation further intensifies the challenges faced by the country, as it deals with a historic drought and the looming prospect of a recession, Bloomberg News reported this week.

With limited available cash reserves, concerns are emerging regarding the government's ...

Chinese stock market loses BILLIONS in days following crash of snowball derivatives

January 24, 2024 -

Snowballs – named because of the potential "snowballing" accumulating gains for investors who hold them – are structured derivatives sold in China and Hong Kong that are tied to the performance of certain underlying indexes. They offer dividends to investors in the form of bond-like coupons but only as long as the indexes of the snowballs are tied to stay within certain predetermined ranges.

If the indexes rise above the top of the ranges, then a so-called "knockout" ...

GREEN PANIC: Siemens Energy shares crash 37% after admitting wind turbine troubles

November 02, 2023 -

Siemens Gamesa, its wind energy business division, is actively addressing these challenges – which include turbine quality issues and offshore ramp-up problems. These issues had been previously tackled in its third-quarter communication for the fiscal year 2023. According to its parent, Siemens Gamesa is presently not finalizing new contracts for specific onshore platforms and is practicing stringent selectivity in its offshore business.

Consequently, it anticipates ...

America heading toward a housing market crash worse than the Great Recession

September 28, 2023 -

"This will be the greatest crash in the history of housing," warned financial expert John Perez, who predicted that, following the crash, average housing prices across the country could plummet by 50 to 70 percent, bringing prices down to pre-1995 levels. "This is going to be a wipeout like we've never seen before." (Related: Nearly 800,000 Californians behind on rent, with over $5B accumulated rental debts.)

Fannie Mae, a government-backed mortgage financing corporation, ...

Florida braces for impact: Hurricane Haiti is about to crash the Sunshine State

a month ago -

(Article republished from Revolver.news)

Haiti is on the brink of collapse. The jails have been emptied, bloodthirsty gangs patrol the streets and the now-resigned Prime Minister fled for his life to Puerto Rico. We spent $6 billion in Haiti – what happened? All Primetime can find is a "gender inclusive" police force...… pic.twitter.com/a8NS0EGOnb

— Jesse Watters (@JesseBWatters) March 14, 2024

Joe Biden helped install this weak, feckless prime minister, by the way. This ...

Economist predicts 2024 will bring “biggest crash of our lifetime” to U.S. markets

December 25, 2023 -

According to Dent, who appeared on Fox Business this week to discuss his predictions for 2024, the money printing madness that has been occurring since 2009 will eventually take its toll like never before in history.

"Since 2009, this has been 100 percent artificial, unprecedented money printing and deficits: $27 trillion over 15 years, to be exact," Dent said. "This is off the charts, 100 percent artificial, which means we're in a dangerous state."

"I think ...

SWIFT’s new central bank digital currency platform could be ready in 1-2 years

16 days ago -

They recently carried out a six-month trial that included 38 central banks, settlement platforms and commercial banks in what was one of the biggest global collaborations of its kind so far. The goal was to see whether the CBDCs of different countries could be used together despite being built on different protocols and underlying technologies.

They found that it will be feasible to use different CBDCs for highly complex trade and foreign exchange payments. Instead of needing ...

BRICS bloc’s proposed gold-backed currency could spell an END to the US dollar

July 28, 2023 -

This is according to multiple experts who warn that BRICS' proposal to leverage the power of gold could end with these five nations beating the dollar.

Investment banker and author Jim Rickard noted that as inflation and devaluation continue to affect the U.S. dollar, the price of this new gold-backed BRICS currency would only keep rising.

"It's a way to destroy the dollar. You don't need dollars and you don't need gold. You just need to be smart enough to anchor ...

De-dollarization efforts continue: BRICS member nations to discuss COMMON CURRENCY in August meeting

May 15, 2023 -

Voice of America (VOA) reported that the group – which consists of Brazil, Russia, India, China and South Africa – will touch on common currency during the 15th BRICS summit scheduled this coming August in Johannesburg, South Africa. At least three of the BRICS group's members – Russia, China and Brazil – are backing the effort, it added.

Naledi Pandor, South African International Relations Minister, said a move away from the dollar could empower other countries. She, however, ...

Army National Guard grounds all helicopter units following fatal crash that killed two members

2 months ago -

An AH-64 Apache helicopter crashed near Booneville, Mississippi on the afternoon of Feb. 23. The tragic incident occurred during what was supposed to be a routine training mission. The two-seat helicopter crashed in a wooded area near Mount Olive Baptist Church.

The crash site, located near Baldwyn, in northeast Mississippi, is approximately 11 miles south of Booneville. Prentiss County Sheriff Randy Tolar provided information about the aircraft going down off Highway 30....

Chinese renminbi replacing the U.S. dollar as most traded currency in Russia’s foreign exchange market

13 days ago -

This surge in yuan usage comes as part of Russia's ongoing shift away from major Western currencies, spurred by sanctions imposed by the United States and the European Union over the conflict in Ukraine.

These financial constraints have made cross-border trade in euros and dollars more challenging and reduced their significance in Russia's domestic foreign exchange market. (Related: China quickly expanding use of yuan in global trade as it seeks to dethrone US dollar as world’s ...