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News & Articles By Cassie B.
04/04/2024
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By Cassie B.
Rebuilding Francis Scott Key Bridge could cost $1 billion and take 10 years
The cost of rebuilding the Francis Scott Key Bridge in Baltimore, which collapsed in an accident last week, could be somewhere in the range of $400 million to $1 billion or more, according to reports and the timeline on the project may be a decade or longer. This is more than double the cost and time […]
03/22/2024
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By Cassie B.
Biden regime trying to obliterate America’s transportation infrastructure with new crackdown on combustion engines
The Biden administration is powering ahead with its push to electrify the transportation sector with regulations targeting tailpipe emissions from gas-powered vehicles. This week, the Environmental Protection Agency is expected to issue a final ruling that will effectively force carmakers to quickly expand the electric vehicle options they offer. Although officials claim that the move […]
03/21/2024
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By Cassie B.
Americans boycott Tyson Foods as it announces plans to hire 42,000 illegal migrants
Angry Americans are boycotting Tyson Foods in response to the company’s plans to hire 42,000 immigrants in New York as they close plants in a slew of states and give 1,300 of their current staff their walking papers. The $53 million meat company has announced it will be closing meat and poultry processing plants in […]
03/13/2024
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By Cassie B.
BRICS nations to create independent blockchain-based payment system as part of sweeping dedollarization infrastructure
The BRICS nations are working on an independent payment system that will be based on blockchain technology and digital currencies, according to the Kremlin, marking a decisive shift away from the U.S. dollar. BRICS is a geopolitical bloc that is made up of Brazil, Russia, India, China, South Africa, Iran, Ethiopia, the United Arab Emirates […]
03/12/2024
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By Cassie B.
Financial analyst warns China will overtake American economy and dollar is finished as global reserve currency
The Chinese economy is poised to take over the U.S. economy, according to financial analyst Richard Bove, who also believes the American dollar is on the brink of a devastating collapse. Bove, whose predictions have been accurate in the past, is convinced that other analysts also see the writing on the wall but won’t speak […]
03/10/2024
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By Cassie B.
Dedollarization efforts continue as India pushes Gulf crude exporters to accept payment in rupees
The Reserve Bank of India is asking all of the country’s main state-owned refiners to make a concerted effort to convince Persian Gulf suppliers to accept payments for crude oil in rupees. Their goal is to push them to accept a minimum of 10% of oil payments in the Indian currency during the next financial […]
02/23/2024
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By Cassie B.
German banks preparing for wave of loan defaults in the face of major real estate crisis
German real estate lender Deutsche Pfandbriefbank is preparing for what it says will be the steepest drop in commercial property values seen in the country in 15 years. During the fourth quarter of 2023, the bank raised its provisions for losses on loans, setting aside more than $230 million for the year to prepare for […]
02/21/2024
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By Cassie B.
Worsenining commercial real estate market woes could spark a new banking crisis
Worries are growing that the U.S. commercial real estate market’s current woes could lead to another banking crisis. This year, around $929 billion in outstanding commercial mortgages will mature, the Mortgage Bankers Association reports. This is a staggering amount that equates to 20 percent of the $4.7 trillion outstanding debt overall. But with higher interest […]
02/16/2024
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By Cassie B.
BRICS and EAEU trade blocs are accelerating the demise of the dollar
The shift away from the U.S. dollar as the dominant currency on the world stage continues in full force, with BRICS and EAEU headed toward full dedollarization. Russian Prime Minister Mikhail Mishustin revealed that the share of national currencies in the mutual settlements for the countries making up the Eurasian Economic Union (EAEU) is now […]
02/11/2024
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By Cassie B.
Fears of more regional bank failures grow as Moody’s cuts New York Community Bancorp’s credit rating to junk status
Moody’s Investors Service has downgraded its credit rating for New York Community Bancorp (NYCB) to junk status – its lowest investment-grade rating – as the troubled regional bank continues to struggle. The downgrade pushed its credit rating down two full notches and indicates serious doubts about whether it will be able to repay debt holders. […]
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