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News & Articles By Belle Carter
07/12/2022
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By Belle Carter
Food collapse: Bread will be emptied from shelves within days, warn Sri Lankan bakery owners
Sri Lanka’s All Ceylon Bakery Owners’ Association (ACBOA) warned Sunday, July 10, that bread will be emptied from the bakery shelves in the coming days amid severe food shortage in the country. According to the Daily Mirror, ACBOA President NK Jayawardena said bread production has been greatly impacted by the prevalent fuel crisis and the shortage and […]
07/07/2022
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By Belle Carter
Fertilizer price hikes prompt soaring food prices and global shortages
Farmers are going through a fertilizer crisis caused by skyrocketing fossil fuel prices and industry consolidation. Liquid nitrogen, potash and phosphorus, three of the world’s most commonly used fertilizers, have more than doubled in price over the past two years. A survey conducted by Minnesota-based data analysis firm DTN revealed that fertilizer prices are hitting all-time […]
07/06/2022
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By Belle Carter
Bear market effect: Crypto miners face margin calls as debt mounts
Cryptocurrency miners are facing margin maintenance calls as the bear market continues to claim victims. Bear market is the term used to describe a sustained period when the equity markets are down at least 20 percent from their recent peaks. Maintenance call, on the other hand, refers to a call to an investor for additional funds […]
07/05/2022
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By Belle Carter
Australian bank tells customers to withdraw funds immediately before it closes this week
An Australian digital bank has collapsed and advised 6,000 customers to withdraw their money before it stops doing business this week. “Customers need to transfer the balances held in all Volt accounts to a nominated bank account with another financial institution before the 5th of July 2022, Tuesday,” Volt Bank’s website said. The neobank’s eight board […]
06/30/2022
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By Belle Carter
Hell on Earth: UN warns that the worst famine in history is now emerging
Extensive disruptions in the movement of food and a massive global famine were only a theory a decade ago. Now, the unthinkable is slowly unfolding and puts the poorest and most vulnerable at risk. During a United Nations (UN) food security meeting on June 24, UN Secretary-General Antonio Guterres warned of a “global hunger crisis.” […]
06/29/2022
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By Belle Carter
Amid total economic collapse, Sri Lanka restricts fuel supplies to essential services, tells other sectors there’s no fuel
Sri Lankan authorities abruptly restricted fuel supplies on Monday, June 27, just days after Prime Minister Ranil Wickremesinghe told the parliament that the country’s debt-laden economy has completely collapsed. Spokesman Bandula Gunawardena said in a televised statement that the cabinet of ministers decided to limit the distribution of fuel to essential services until July 10 and […]
06/29/2022
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By Belle Carter
Alex Jones: Biden’s policies are the direct cause of oil price hikes
“InfoWars” founder and host Alex Jones scoffed at the desperate attempts of President Joe Biden to pass the blame on someone else regarding the soaring oil prices. “For him [Biden] to come out and blame gas stations shows you a window into the minds of the controllers that they think the public is so stupid that […]
06/28/2022
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By Belle Carter
Biden’s goal of expanding wheat production is rooted in agricultural fantasy, not reality
During President Joe Biden’s speech last month at the O’Connor Farm in Illinois, he encouraged American farmers to expand the production of wheat through extra efforts like double-cropping to feed the world. However, farmers aired their concerns that they can’t do this easily. Biden’s call to action is in connection with the Ukraine war’s effects on […]
06/24/2022
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By Belle Carter
Renowned economist predicts looming profit recession “will be the worst in 50 years”
Renowned economist Stephanie Pomboy has predicted that corporations will soon be beaten by an earning recession as many of them have not been able to pass high input costs to the inflation-tired public. In her recent appearance on the financial solutions program “Wealthion,” Pomboy explained that a measure that she relies on as a proxy for […]
06/23/2022
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By Belle Carter
Barclays research reveals that Americans are spending LESS on services
Data from the recent Barclays research revealed that more Americans are beginning to resist spending on services, such as eating at restaurants and booking flights and accommodations. “All through 2022, the narrative has been that as [Wuhan coronavirus] COVID-19 faded, households would ramp up spending on services. This indeed has been true for much of […]
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