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Wednesday, 9 July 2025

Category: Economics

The Truth Central May 5, 2023: Massive Layoffs Coming, More Climate Hysteria and Cheap Flights May Be a Thing of the Past

The Truth Central May 5, 2023: Massive Layoffs Coming, More Climate Hysteria and Cheap Flights May Be a Thing of the Past

Posted on May 5, 2023 by admin | 254 Comments
Economic conditions continue to worsen despite what you might see coming out of the Biden Administration PR Machine as signs point to a period of massive layoffs as we watch more regional banks stocks falter.
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New York State Bans Natural Gas Stoves And Heaters

New York State Bans Natural Gas Stoves And Heaters

Posted on May 5, 2023 by admin | 246 Comments
Spread the loveOver the last few years, there has been a lot of talk about banning gas installations in new residential buildings, but New York is the first state to put this plan into action. The state has now passed a…
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Climate Change to End Era of Cheap Airplane Flights

Climate Change to End Era of Cheap Airplane Flights

Posted on May 5, 2023 by admin | 258 Comments
Spread the loveTicket prices for flights are expected to rise in the coming years as the airline industry wrestles with the costs of reaching net zero by 2050. European aviation alone is expected to spend “a whopping €820 billion” to reach…
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21 Russian Cities Cancel V-Day Parades As Tit-For-Tat Drone War Heats Up

21 Russian Cities Cancel V-Day Parades As Tit-For-Tat Drone War Heats Up

Posted on May 5, 2023 by admin | 241 Comments
Spread the loveRussia has witnessed several drone attacks against its territory and infrastructure over the past 24 hours, following the pair of drones sent against Kremlin buildings in the heart of Moscow, which was denounced as an assassination attempt on Putin. …
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With Mortgage Rates Stuck at 6.5%, Spring Selling Season Turns into Dud

With Mortgage Rates Stuck at 6.5%, Spring Selling Season Turns into Dud

Posted on May 5, 2023 by admin | 2 Comments
Spread the loveThe housing market is now in peak spring selling season. This is when sales volume surges and when home prices rise and when everything is rosy no matter what else is happening. But not this year, and we’ve…
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Despite Banking Turmoil, ECB Accelerates QT plus Hikes by 25 Basis Points. Balance Sheet Plunged by €1.12 Trillion so Far

Despite Banking Turmoil, ECB Accelerates QT plus Hikes by 25 Basis Points. Balance Sheet Plunged by €1.12 Trillion so Far

Posted on May 5, 2023 by admin | 255 Comments
Spread the loveThe inflation outlook continues to be too high for too long,” the ECB said in its announcement today. “We had long discussions about core inflation and underlying inflation,” ECB president Christine Lagarde said at the press conference, a…
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A Wave of Massive Job Layoffs Gains Momentum

A Wave of Massive Job Layoffs Gains Momentum

Posted on May 5, 2023 by admin | 162 Comments
Spread the loveA wave of massive layoffs that hit dozens of US companies toward the end of 2022 shows no sign of slowing down into 2023.  Shopify is the latest to announce cuts. The e-commerce company informed employees and shareholders…
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The Truth Central May 4, 2023: More Bank Trouble, Fed Rate Hike Ripple Effects and Swiss Kids Pushed to Eat Insects

The Truth Central May 4, 2023: More Bank Trouble, Fed Rate Hike Ripple Effects and Swiss Kids Pushed to Eat Insects

Posted on May 4, 2023 by admin | 149 Comments
Pacific West Bank saw its shares plummet 60 percent after a report its brass was seeking a "Capital Raise" (read: Bailout). This is the latest in the continued climate of bank instability, even after Federal Reserve Chairman Jerome Powell while…
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EU Backs Controversial Dutch Plans to Shut Down Farms in Bid to Reduce Nitrogen Emissions

EU Backs Controversial Dutch Plans to Shut Down Farms in Bid to Reduce Nitrogen Emissions

Posted on May 4, 2023 by admin | 158 Comments
Spread the loveThe European Commission on May 2 approved a plan by the Dutch government that would compensate livestock farmers in certain areas if they agree to voluntarily close their farms as part of the Netherlands’ efforts to reduce nitrogen pollution. Under…
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Switzerland Wants Children to Eat Less Chocolate, More Insects

Switzerland Wants Children to Eat Less Chocolate, More Insects

Posted on May 4, 2023 by admin | 1,607 Comments
Spread the loveMAUR, Switzerland—In this land of cheese and chocolate, children are being schooled in the more subtle pleasures of eating mealworms, locusts and crickets. On a recent morning, students at a middle school outside Zurich gathered around a table…
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Just in Time for ECB Rate-Hike Meeting: Eurozone Services Inflation Spikes to New Record. Overall Inflation Re-Accelerates

Just in Time for ECB Rate-Hike Meeting: Eurozone Services Inflation Spikes to New Record. Overall Inflation Re-Accelerates

Posted on May 4, 2023 by admin | 142 Comments
Spread the loveIn the 20 countries that now use the euro, the annual rate of inflation in services rose to 5.2% in April, another record in the data going back to 1997, according to the preliminary data released by Eurostat…
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Fed Raises Interest Rates to 16-Year High, as Economy Falters

Fed Raises Interest Rates to 16-Year High, as Economy Falters

Posted on May 4, 2023 by admin | 164 Comments
Spread the loveFederal Reserve officials signaled they might pause raising interest rates now after approving another increase at their meeting that concluded Wednesday. “People did talk about pausing, but not so much at this meeting,” Fed Chair Jerome Powell said at a…
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Troubled California Bank PacWest Craters 60% On Report It Is Seeking Buyers Or Capital Raise

Troubled California Bank PacWest Craters 60% On Report It Is Seeking Buyers Or Capital Raise

Posted on May 4, 2023 by admin | 150 Comments
Spread the loveEarlier today, when Jerome Powell openly lied to the American People during the FOMC press conference stating without a hint of irony that the US banking system is “sound and resilient”… Bear in mind that just a week…
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The Truth Central May 3, 2023: The Push for Net-Zero Emissions is Not Based in Reality; Regional Banks’ Stocks Falling

The Truth Central May 3, 2023: The Push for Net-Zero Emissions is Not Based in Reality; Regional Banks’ Stocks Falling

Posted on May 3, 2023 by admin | 123 Comments
Despite the Green Agenda's increasing damage to the US economy (as well as that of the EU), the Climate Change fanatics in power continue to spend increasing amounts of money on their goal to achieve "Net-Zero Emissions" as an energy…
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Corsi: The Push for ‘Net Zero Emissions’ is Climate Hoax Fiction, Not Energy Reality

Corsi: The Push for ‘Net Zero Emissions’ is Climate Hoax Fiction, Not Energy Reality

Posted on May 3, 2023 by admin | 256 Comments
Spread the loveLast August, Mark Mills, a senior fellow at the Manhattan Institute, published a prescient report entitled “The ‘Energy Transition’ Delusion: A Reality Reset.” The report demonstrates convincingly that the transition to Net Zero Emissions (NZE), if politically imposed,…
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Green Energy Industry Admits It Needs Cheap Chinese Goods To Survive

Green Energy Industry Admits It Needs Cheap Chinese Goods To Survive

Posted on May 3, 2023 by admin | 259 Comments
Spread the loveThe green energy industry is scrambling as Congress pushes forward with legislation that would impose costly tariffs on Chinese solar panels, a move that industry leaders say would cripple their business given their overwhelming reliance on cheap Chinese…
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PacWest, Western Alliance lead regional bank sell-off of more than 20% a day after Jamie Dimon said the crisis had ended

PacWest, Western Alliance lead regional bank sell-off of more than 20% a day after Jamie Dimon said the crisis had ended

Posted on May 3, 2023 by admin | 215 Comments
Spread the lovePacWest Bancorp and Western Alliance Bancorp each plunged by more than 25% on Tuesday amid a broader sell-off in regional bank stocks a day after JPMorgan chief Jamie Dimon’s said that the latest leg of the crisis is…
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Federal Reserve Expected to Raise Interest Rates Again Today as Stagflation Accelerates

Federal Reserve Expected to Raise Interest Rates Again Today as Stagflation Accelerates

Posted on May 3, 2023 by admin | 276 Comments
Spread the loveFederal Reserve officials are set to release an interest rate decision on Wednesday afternoon, and while investors widely expect policymakers to lift borrowing costs by a quarter-point, they will be watching carefully for any hint at what might…
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The Truth Central May 2, 2023: Why the 2023 Bank Crash is Worse than 2008; The Return of the North American Union Plan

The Truth Central May 2, 2023: Why the 2023 Bank Crash is Worse than 2008; The Return of the North American Union Plan

Posted on May 2, 2023 by admin | 159 Comments
The bank crash of 2023 is now worse than that of 2008 as First Republic is the latest to go down. Banks are consolidating as bailouts continue. The ripple effects will be felt by US taxpayers and the employment landscape.…
Read more »
Treasury Chief Janet Yellen Says U.S. Risks Default as Soon as June 1 Without Debt Ceiling Increase

Treasury Chief Janet Yellen Says U.S. Risks Default as Soon as June 1 Without Debt Ceiling Increase

Posted on May 2, 2023 by admin | 144 Comments
Spread the loveWASHINGTON—Treasury Secretary Janet Yellen said the U.S. government could become unable to pay all of its bills on time as soon as June 1 if Congress doesn’t first raise the debt limit. President Biden on Monday invited the top Republicans…
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