Archives for December 2017

5 random things for Friday (peak Subway?, the rise of Ripple, Trump’s best 2017 moment)

News Story of the Day: peak Subway? That's what it looks like. At the end of 2016, Subway announced that it had shut down 359 locations across the United States, its first contraction in more than five decades. Well, it looks like the fast-food … [Read more...]

REMINDER: The decline of the U.S. dollar since 1913

The U.S. dollar is trading at pre-election lows, the world is beginning to shun the greenback, and President Donald Trump is advocating a reversal of the 20-plus-year strong dollar policy. But has the U.S. dollar really been a strong currency? It … [Read more...]

WATCH: Ron Paul talks Trump selling lethal arms to Ukraine

This is just another example as to why Candidate Donald Trump was better than President Donald Trump: Ukraine. Throughout the 2016 election campaign, Trump was not as adamant as those on CNN or in The New York Times to condemn Russia for the … [Read more...]

Pakistan wants to dump U.S. dollar, trade in yuan with China

The war on the U.S. dollar continues as yet another country is looking to veer away from the greenback and into another currency. According to the Economic Times, citing the Minister for Planning and Development Ahsan Iqbal, Pakistan is mulling … [Read more...]

DEJA VU: U.S. personal savings rate plunges to pre-recession low of 2.9%

It's deja vu all over again. Prior to the economic collapse a few years ago, Americans splurged on everything and saved nothing. A decade later, it seems like Americans have not learned from their past mistakes. With Christmas in the rear-view … [Read more...]

War Socialism and the Confederate Defeat

By: Chris Calton In Human Action, Ludwig von Mises writes: The market economy, say the socialists and the interventionists, is at best a system that may be tolerated in peacetime. But when war comes, such indulgence is impermissible. It would … [Read more...]

REJOICE: Trump administration may stop foreign aid, save $25 billion a year

President Donald Trump's decision to relocate the U.S. embassy in Israel to Jerusalem was likely the smartest political maneuver in his first year in office. He accomplished quite a few things: dispelling the idea that he is LITERALLY HITLER, … [Read more...]

SCARY: Venezuela’s annual inflation rate nears 5,000%

Socialism in Venezuela is working out so well that the people are starving to death. Like other past socialist experiments, the general population is living in impoverished conditions where they can't buy anything. Unfortunately, if they are able … [Read more...]

Merry Christmas & Happy New Year!

The team here at Economic Collapse News would like to wish all of our readers a Merry Christmas and a Happy New Year! We hope you have a great time with your loved ones this holiday. It was an interesting year to say the least, and we expect 2018 … [Read more...]

Week in Review: December 18 to December 24

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: FAIL: New York Times reports starvation in Venezuela, North Korea – omits socialism Ron Paul: War & … [Read more...]