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HomeFinancial Crisis

Financial Crisis

Price
Bankruptcy

10 Banks’ Profit Is About To Completely Fall Apart, Analysts Warn

April 11, 2023 Mariel Alumit

Just when you thought the banking crisis was over — you’d better brace for an onslaught of big drops in bank profit. Hopefully you aren’t caught flat-footed. Analysts are predicting massive 30% or greater declines […]

Texas
Finance

Texas Bill Would Create State-Issued Gold-Backed Digital Currency

April 10, 2023 Mariel Alumit

Bills introduced in the Texas House and Senate would create a state-issued, gold-backed digital currency. Enactment of this legislation would create an option for people to transact business in sound money, set the stage to […]

More Bank Failures If Congress & Biden Can’t Cut A Debt Deal.
Bankruptcy

More Bank Failures If Congress & Biden Can’t Cut A Debt Deal.

April 8, 2023 Mariel Alumit

Silicon Valley Bank customers listen as FDIC representatives, left, speak with them before the … [+] opening of a branch SVBs headquarters in Santa Clara, California, on March 13, 2023. (Photo by NOAH BERGER / AFP) (Photo […]

Crude Oil News

Will the OPEC+ oil output cut make inflation worse?

April 8, 2023 Mariel Alumit

The Saudi-led oil producing group OPEC+ has signalled it would hold the oil supply steady to maintain a stable market. But in a surprise move, the alliance, which includes Russia, announced it would slash output […]

Crypto

Central Bank Digital Currencies A Foundational Threat To America’s Economic Systems: Think Tank

April 7, 2023 Mariel Alumit

Authored by Naveen Anthrapully via The Epoch Times, Central bank digital currencies (CBDCs) pose a foundational threat to America’s economic systems with absolutely no upsides, according to a recent analysis from the Cato Institute, which […]

JPMorgan
Finance

JPMorgan’s Dimon: Effects Of Bank Failures Will Be Felt For ‘Years To Come’

April 5, 2023 Mariel Alumit

TOPLINE The banking crisis is far from over, JPMorgan Chase CEO Jamie Dimon wrote Tuesday morning in an annual letter to shareholders, offering the most in-depth insight into recent industry-wide turbulence from the head of the country’s […]

Finance

Mexico Considering Joining BRICS as Relationship Weakens Under Biden

April 3, 2023 Mariel Alumit

The US dollar is facing a new emerging threat as the BRICS group (Brazil, Russia, India, China, and South Africa) is seeking to add more countries and create an imposing force on the United States’ […]

Deflation
Bankruptcy

Debt Deflation: “The Adjustment To Reality Is Likely More Violent Than Anything Seen In The ’70s”

April 2, 2023 Mariel Alumit

Authored by Alasdair Macleod via GoldMoney.com, Deflating the credit bubble The theme of this article is debt deflation. How likely is it that the downturn in broad money supply will continue, and if so, why? […]

Finance

Fed Balance Sheet Dips As Deposit-Run Eases While Bankers Blast Biden’s Premature Re-Regulation

March 30, 2023 Mariel Alumit

President Biden is calling on regulators to tighten the rules for mid-sized banks, making the political point to ‘roll back Trump era rules’, ensuring everyone knows – despite the fact that it is not true […]

Yellen
Climate Crisis

Yellen calls climate change ‘existential threat’ after GOP lawmaker labels it ‘Trojan horse’ for spending

March 30, 2023 Mariel Alumit

Treasury Secretary Janet Yellen on Wednesday pushed back against a GOP congressman who voiced skepticism about the threat of climate change, suggesting the issue was being used by the Biden administration to secure funding and […]

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