🚨⚠️ BREAKING NEWS 🚨 ⚠️
LEAKED GOVERNMENT MEMO : SOUTH AFRICA IS OFFICIALLY A FAILED STATE- GOVERNMENT HAS RUN OUT OF MONEY ‼️(FULL DETAILS & SEVERE IMPLICATIONS)
31 August, the Ministry of Finance issued an internal Government memo, alerting both National & Provincial governments that the state has no more money available. In simple terms, the following will happen from the 15th of September this month at both National & Provincial soheres;
1) There is no money to pay Government workers thier salary increments so all Bargaining Council agreements are scrapped.
2) No bonuses to all Government employees.
3) No training of Government employees
4) Stop the hiring of all new Government employees.
6) Stop all Government spending on infrastructure development projects.
All the above mentioned will lead to a jobs bloodbath because Government workers salaries are the single biggest spending item in South Africa, followed by Government infrastructure development projects, therefore without the two, the economy will drastically shrink leading to mass scale retrenchment & affect everybody in all sectors.
Government it's self has admitted in the memo that it doesn't know when it will be able to have money again to start it's normal spending again & is just hoping the economy will improve on it's own, until when- even Government doesn't know, so in other words the country is on autopilot
https://dailyinvestor.com/finance/29875/south-africa-has-run-out-of-money/#maps
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Ukrainian forces have begun training and testing exoskeletons for battlefield use. Soldiers from the 147th Separate Artillery Brigade are using them in the Pokrovsk sector for both logistics and frontline operations. The goal is to reduce physical strain, especially when loading heavy artillery shells into howitzers without automatic loaders. Artillery crews can handle up to 1200 kg of ammunition per day, and early tests show that exoskeletons help them work faster and with less fatigue Above all, by improving the conditions for those soldiers on the front lines who handle such heavy loads, plus the stress of work. Seeking to reduce overall fatigue in the troops
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🇮🇷🇮🇱 - 14 wounded in Iranian missile strike in central Israel, according to Israeli media.
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This is a bank run, not a normal withdrawal.
Wall Street spent the last decade selling millions of investors on something called semi-liquid private credit, higher yields, steady income and the promise you could get your money back every quarter if you needed it. What they buried in the fine print was what happens when too many people try to leave at the same time.
Analysts who have covered private credit for decades say nothing on this scale has ever been reported before at any major private credit manager.
These funds do not hold stocks you can sell on a Tuesday afternoon, they hold private loans to mid sized companies that cannot be liquidated quickly without destroying the price for every investor still trapped inside.
This product was originally designed for ...
🇺🇸 President Trump wants to switch to war economy in 2027 with massive increase in military spending and massive cuts to healthcare and other domestic agencies
Once a deficit hawk — he said in 2016 that he thought he could balance the budget in five years — Trump ended his first term with $7.8 trillion in added debt. His 2027 proposal is expected to give an update on 10-year deficit projections currently estimated at around $16 trillion.
The GOP's message for the Midterms will be focused on the "need" for a massive defense build up while the Democrats' message will be focused on affordability.
The fiscal 2027 budget will be the first time Trump puts his second-term governing agenda into one comprehensive document — with the numbers to back it up. The budget he released last year lacked detailed line-by-line spending targets and the economic assumptions necessary to project the long-term cost of his proposals.
Investors in US Treasuries will be looking to see if the debt and ...