Thank frackers on Independence Day for cheaper gas prices

The Fourth of July is coming up. As you gear up for watching fireworks, eating hot dogs and driving to your in-laws, you should also spend a few moments thanking the frackers for lower gasoline prices. Ahead of Independence Day, gas prices are at … [Read more...]

Bernie Sanders & wife accused of bank fraud, hire ‘prominent defense attorneys’

Socialists hate interest, loans, banks and private property. One of the primary objectives of "The Communist Manifesto" is to abolish private property, so-called debt slavery and capitalism. Vermont Independent Senator Bernie Sanders is a … [Read more...]

Seattle low-wage workers saw incomes drop amid higher minimum wage

If only the minimum wage would increase to $13, $15 or $20 would poverty be eliminated! Well, only in the minds of the likes of Bernie Sanders and Kshama Sawant. The National Bureau of Economic Research (NBER) published a new study that found … [Read more...]

Week in Review: June 19 to June 25

In case you missed any of this week's articles, here is a round-up of some of the most read pieces written by the Economic Collapse News staff: Is the right becoming a bunch of sensitive snowflakes like the left? The Rise of Bitcoin: Central Banks … [Read more...]

Infographic: What happens to trading when a market crashes?

What exactly happens to trading when a market crashes? This is the question after ethereum wiped out all of its value for a few seconds earlier this week, causing panic in the cryptocurrency market. StocksToTrade.com published an infographic this … [Read more...]

4 Reasons Central Banks are Wrong to Fight Deflation

By: Jörg Guido Hülsmann The word “deflation” can be defined in various ways. According to the most widely accepted definition today, deflation is a sustained decrease of the price level. Older authors have often used the expression “deflation” … [Read more...]

6 random things for Friday (San Diego job losses, how Egypt has changed, Obamacare repeal?)

News Story of the Day: according to Massachusetts Democratic Senator Elizabeth Warren, the Republicans are paying for tax cuts with American lives. Huh? So giving the taxpayers back their money is killing people. This just further shows how anyone … [Read more...]

Capitalism Saves the Bees! U.S. honey-producing bee colonies jump to 22-year high

No! Not the bees! No! Not the bees! Just like how capitalism saved the whales, it turns out that capitalism has also saved the bees. Despite the doom and gloom proclamations of the media over the past decade - beemageddon and beepocalypse - it … [Read more...]

Bad Trump: 100 former federal lobbyists work in Trump administration

So much for draining the swamp... USA Today is reporting that more than 100 former federal lobbyists have found positions in the Trump administration. Despite his campaign promise to limit the influence on Washington by special interests, it looks … [Read more...]

Welfare Wall: Trump proposes 5-year ban on welfare for immigrants

It's been a while, but President Donald Trump has finally proposed something great: not allowing immigrants to access welfare for five years. It may not be perfect, but it's a step in the right direction. Speaking in Cedar Rapids, Iowa on … [Read more...]