Looming Aussie business threat as big as Covid

Rising fuel prices is lifting business insolvency risks. Picture: NewsWire / Gaye Gerard Business insolvencies are at a record high and will only rise further as the conflict in the Middle East and rising risk of recession could smash Australia’s most essential industries. New data released by credit reporting agency CreditorWatch grimly warns the number…

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The United States is Insolvent

FORTUNE Magazine, not exactly a radical left-wing progressive commie rag, has this story up today: The Treasury just declared the U.S. insolvent. The media missed it The U.S. government is insolvent. That’s not hyperbole — it’s the conclusion drawn directly from the Treasury Department’s own consolidated financial statements for fiscal year 2025, released last week to…