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With the U.S. national debt hitting record highs, the chatter around financial stability is louder than ever. Elon Musk has recently made waves with his warnings about the implications of this debt crisis, which has reignited interest in cryptocurrencies as a possible safeguard against economic upheaval. So, what’s going on here? Let’s break it down.

Musk’s Warning: A Potential Game Changer

At a recent summit, Musk pointed out that the U.S. national debt has reached a staggering $37 trillion, with interest payments surpassing even the Defense Department’s budget. He said, “If you look at our national debt, which is insanely high, the interest payments exceed the War Department budget… So, if AI and robots don’t solve our…

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Facebook App: Open links in External Browser

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Facebook App: Open links in External Browser

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On a bright September morning, San Juan’s waterfront erupted in confusion: a man leapt from a docked cruise ship, was hauled from the sea by jet skiers, and landed in federal custody. Behind the spectacle lay gambling debts and undeclared cash.

A Leap That Stopped a Port in Its Tracks

The jump came just after breakfast, when passengers were shuffling down gangways and porters were loading luggage onto trolleys. At around 9:15 A.M. on September 7, witnesses say a passenger hurled himself from Royal Caribbean’s Rhapsody of the Seas as it idled at San Juan’s pier.

The ship towers twelve decks above the harbor. Authorities have not said which level the man, identified as Jey Gonzalez-Diaz, chose, but hundreds of…

Vehicle Direct operated as a used car dealership on Auckland’s Great South Rd.

According to the liquidator’s report, Vehicle Direct experienced significant financial difficulties in the period leading up to liquidation.

“The contributing factors included an inability to adequately recover costs, liabilities arising from guarantees, and challenging economic conditions,” the report said.

“External influences, increased competition, and rising operating costs further eroded profitability.”

The report said the company faced a lack of sales, excessive overheads – including interest payments – and insufficient working capital to sustain ongoing operations.

“These combined pressures placed unsustainable strain on the company’s…