MSN The Federal Reserve just posted another massive loss. This time, it’s $77.6 billion for 2024. That brings the total damage under Powell to $192 billion in just two years. The central bank released its audited financials on Friday. It’s the second straight year of red ink, following a $114.3 billion loss in 2023. This […]
Ray Dalio, founder of Bridgewater Associates, has raised alarms about the United States’ national debt, predicting an imminent crisis. What Happened: According to a report by Fortune, Dalio expressed his concerns during his speech at the CONVERGE LIVE event in Singapore on Thursday. Dalio highlighted a severe imbalance between supply and demand, noting that the debt-to-GDP ratio has
President Trump declined to rule out that the U.S. economy would contract this year and enter a recession, saying that his sweeping economic agenda could cause short-term turbulence that he believed would drive future prosperity. Asked in a “Sunday Morning Futures” interview on Fox News if he was expecting a recession this year, Trump replied:
Trump Declines to Rule Out Recession Read More »
Ray Dalio is the founder of Bridgewater Associates. Reuters / Ruben Sprich© Reuters / Ruben Sprich Surging government debt could trigger a “heart attack” for the US financial system, Ray Dalio said. The Bridgewater founder said years of deficit spending were causing “plaque” to accumulate. The elite investor said a failure to act could spell trouble
Following Elon Musk’s announcement last week that he wants to personally audit the United States’ gold reserves at Fort Knox on behalf of the Department of Government Efficiency (DOGE), President Trump now says that he intends to come along. Trump announced on Saturday during his appearance at the Conservative Political Action Conference (CPAC) that he would
With quickly rising debt levels in the U.S., dollar stability and America’s economy are facing an “existential threat,” warned Dr. Judy Shelton, Senior Fellow at Independent Institute and former economic advisor to President Donald Trump. She added that it is time to get back to sound money, and one historically proven option is linking gold
(Kitco News) – Fresh off his recent forays into the Treasury Department’s payment systems, tech billionaire Elon Musk is now gearing up to conduct an in-person audit of the United States’ gold reserves at Fort Knox on behalf of the Department of Government Efficiency (DOGE). Musk announced his intentions on Monday afternoon through a pair of
US Treasury Secretary Scott Bessent said the Trump administration is considering currency manipulation – Stefani Reynolds/Bloomberg The pound has risen to its highest value this year as the US Treasury said the Trump administration is considering currency manipulation as a potential trade bargaining chip. Scott Bessent, the US Treasury Secretary, said America’s trade policy would
Pound jumps as Trump considers currency manipulation Read More »
In its 10th annual Billionaire Ambitions Report for 2024, UBS highlights significant trends in the investment strategies of the world’s wealthiest individuals. Over the past decade, the total wealth of billionaires has skyrocketed by 121%, growing from $788.9 billion in 2015 to $2.4 trillion in 2024. The number of billionaires has similarly increased from 1,757
Why Billionaires Are Increasing Their Gold Investments Amid Economic Uncertainty Read More »
Elon Musk, “America is going bankrupt btw.” Warns of America’s Looming Bankruptcy Due to Its Addiction to Over Spending The issue of America’s rising national debt has caught the attention of Tesla CEO Elon Musk. In a recent post on the social media platform X, Musk issued a stark warning: “America is going bankrupt btw.”
