The Truth Central

U.S. Gasoline Prices Rise To 5-Month High

Posted on April 19, 2023 by admin | 144 Comments

U.S. gasoline prices rose for the third week in a row, rising $.076 per gallon from a week ago to $3.65 per gallon yesterday, new GasBuddy data showed, reaching the highest level since November 2022. The national average for a…

De-Dollarization Is Happening at a Stunning Pace

Posted on April 19, 2023 by admin | 241 Comments

The dollar is losing its reserve status at a faster pace than generally accepted as many analysts have failed to account for last year’s wild exchange rate moves, according to Stephen Jen. The greenback’s share in global reserves slid last…

Bankruptcy Filings Escalate Across USA

Posted on April 19, 2023 by admin | 115 Comments

Bankruptcy filings across the United States rose for the third straight month in March in all major industries. A total of 42,368 new bankruptcies were filed last month, according to data from Epiq Bankruptcy, a provider of U.S. bankruptcy court data,…

Global corporate defaults highest since the pandemic in 2020

Posted on April 19, 2023 by admin | 144 Comments

More companies around the world defaulted on their debt in the first three months of this year than in any quarter since late 2020, when businesses were still hamstrung by restrictions to stop the spread of Covid. In a report…

Massive Layoffs Starting: Ernst & Young to Cut 3,000 US Jobs After Shelving Bid to Break Up Firm

Posted on April 19, 2023 by admin | 244 Comments

Ernst & Young said Monday that it would eliminate roughly 3,000 jobs from its US workforce as it pivots to address shifts in demand and “overcapacity” in sections of its business. The cuts represent less than 5% of the US…

Commercial Real Estate Crash: Giant D.C. Office Building Default On $161 Million Debt

Posted on April 19, 2023 by admin | 1,861 Comments

With recent stress in the regional banking sector, sentiment in US commercial real estate (CRE) – and especially the office sector – has turned negative as investors prepare for potential spillover effects, especially as high-profile defaults continue to make headlines…

Dr. Corsi Featured as Panelist in Project Sentinel Discussion on Eminent Domain

Posted on April 18, 2023 by admin | 235 Comments

Dr. Jerome Corsi joined Project Sentinel president LTC Tony Shaffer and a PS panel to discuss the potential of Government use, or perhaps abuse, of eminent domain laws to seize private property in order to achieve Green Agenda goals. This…

The Truth Central Apr 18, 2023: Riots in Blue Cities; The Petroyuan on the Rise

Posted on April 18, 2023 by admin | 101 Comments

Leftists continue to riot in US cities as their leaders, at a collective set of crossroads, choose between doubling down or backing off on "defund the police" policies and over-regulation of self-defense. The Washington Post also backed off on its…

If People Are This Eager to Riot and Loot Now, What Will America Look Like Once Economic Conditions Get Extremely Bad?

Posted on April 18, 2023 by admin | 121 Comments

This isn’t what a civilized society is supposed to look like. We aren’t supposed to have vast mobs of very angry young people rioting, looting and generally going nuts all over the country. But this is what our nation has…

Washington Post Reverses Position: Editorial Asks for More Police in D.C. Schools

Posted on April 18, 2023 by admin | 137 Comments

Many cities yanked officers out of schools while reassessing policing after George Floyd’s 2020 murder. However well-intentioned, the experiment has left kids more vulnerable and classrooms less safe amid surging youth violence. That’s why a notable number have already reversed…

Banks with ‘Net-Zero’ Pledges Are Among the Top Funders of Fossil Fuels

Posted on April 18, 2023 by admin | 234 Comments

Banks and finance institutions that have signed up to net zero pledges are still investing heavily in fossil fuels, research has shown, leading to accusations they are acting as “climate arsonists”. But at least 56 of the biggest banks in…

SEC Imposing Climate Rules on U.S. Corporations

Posted on April 18, 2023 by admin | 775 Comments

Regulators knew they were facing a political hornet’s nest when they launched a plan that would force businesses to disclose their carbon emissions and other climate data. The fight has been just as bitter among companies. They are split between…

Rise of the Petroyuan: The End Of The Petrodollar’s Reign And The Impact On Global Markets

Posted on April 18, 2023 by admin | 100 Comments

In 1967 the London Gold Pool collapsed due to a shortage of gold and increased demand for the metal. That’s because European central banks bought massive amounts of gold as they began to doubt the US government’s promise to back…

EU Slams Poland & Hungary’s Ban On Ukrainian Food Imports As Other Countries Threaten To Join Blockade

Posted on April 18, 2023 by admin | 144 Comments

The European Commission has slammed Poland and Hungary’s ban on Ukrainian food imports, saying member states cannot make such decisions regarding trade policy. The leader of the ruling conservative Law and Justice party (PiS), Jarosław Kaczyński, announced over the weekend…

The Truth Central Apr 17, 2023: The Federal Reserve’s Financial Troubles

Posted on April 17, 2023 by admin | 245 Comments

After the pandemic, the Federal Reserve expanded the money supply significantly to support a swift economic recovery. It did so by purchasing vast amounts of US Treasury bonds and mortgage-backed securities. While those assets seemed like good investments at first,…

California Utilities Propose Charging Customers Based On How Rich They Are

Posted on April 17, 2023 by admin | 126 Comments

As if the relatively affluent needed another reason to escape California… If you earn more, you pay more. That’s the bottom-line impact on your electricity bill if a proposal from California’s three largest power companies is passed.

India’s Low Dependence Ratio Positions India for Economic Growth

Posted on April 17, 2023 by admin | 248 Comments

UN projections published in 2022 show that India’s dependency ratio is 47 dependents for every 100 workers in 2023, falling from where it sat 25 years ago at 68 dependents for every 100 workers. India’s dependency ratio is projected to…

Recession Risk Grows After Money Supply Shrinks at Fastest Pace Since Great Depression

Posted on April 17, 2023 by admin | 116 Comments

The U.S. money supply contracted for the third consecutive month, and is declining at the fastest pace since the Great Depression, new Federal Reserve data show. In February, the M2 money supply—a benchmark for how much cash, bills, bank deposits,…

The Federal Reserve Is Bankrupt

Posted on April 17, 2023 by admin | 1,570 Comments

In the post-pandemic period, the Fed expanded the money supply significantly to support a swift economic recovery. It did so by purchasing vast amounts of US Treasury bonds and mortgage-backed securities. While those assets seemed like good investments at first, they…

Commercial Real Estate Crash Will Trigger Recession and “Force The Fed To Restart QE”

Posted on April 16, 2023 by admin | 244 Comments

Morgan Stanley predicts a 40% collapse of the Commercial Real Estate (CRE) debt market—a credit crunch will trigger the next round of bank failures. US securitized CRE debt (estimated at between $1.35 and $1.45 trillion) matures by year-end 2025 and…

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