Ron Paul: Big Military Spending Boost Threatens Our Economy and Security

By: Ron Paul On Friday the House overwhelmingly approved a massive increase in military spending, passing a $696 billion National Defense Authorization bill for 2018. President Trump’s request already included a huge fifty or so billion dollar … [Read more...]

Age of Envy: Most Americans hold unfavorable views of the rich

We live in the age of envy. Rather than celebrate success (real success, not the crony kind) we tend to dismiss it, resent those who have the wealth and demand that they pay higher tax rates than everyone else. According to the results of the … [Read more...]

How ‘Saudi America’ made OPEC irrelevant

Over the last 12 months, crude production levels in the United States have spiked more than 10 percent. Many experts project that U.S. oil output will top 10 million barrels per day (bpd) sometime this year, or at the least next year. Essentially, … [Read more...]

War on Cash: EU says criminals prefer using cash to bitcoin

Another day, another attack against cash. The European Union (EU) has released new evidence that criminals are more likely to use cash than digital currencies like bitcoin. Is this real proof or just another excuse to amplify the war on … [Read more...]

Trump’s Watch: Monthly federal spending tops $400 billion for first time

The United States government does not having a revenue problem. Washington has a spending problem. And it doesn't matter who is in office - R or D or Donald Trump - the state will continue to spend like drunken sailors (sorry drunken … [Read more...]

Can Japan End its Easy-Money Addiction?

By: Brendan Brown The shock landslide defeat of PM Shinzo Abe’s Liberal Democratic Party (LDP) in the recent Tokyo metropolitan elections — and the triumph there of Tokyo Governor Koike’s new party (Tomin First) — has lit a faint hope that the … [Read more...]

War on Cash: Visa wants restaurants to start ‘journey to cashless’, MasterCard tests fingerprint scanner

The war on cash isn't just a nefarious plot being perpetrated by the governments, central banks and law enforcement agencies of the world. It is also being conducted by the private sector, including credit card giants Visa and MasterCard. Visa … [Read more...]

Week in Review: July 10 to July 16

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: ‘In over their head’ Canadians can’t cope with BOC’s rising interest rates ‘Welcome to Hell’: … [Read more...]

6 random things for Friday (SS payments increase 2.2%, FAANG stocks, Max Boot wants war)

News Story of the Day: the soon-to-be-bankrupt Social Security is set to increase its payments by 2.2 percent next year. This averages out to an extra $28 a month, a remarkable figure considering how much the government steals from you during your … [Read more...]

Mortgage applications plunge 7.4% in first week of July

If there has been one trend in the rate hike fallout, it has been the dramatic decline in mortgage applications. According to a chart from Zero Hedge, mortgage applications have plunged nearly eight percent in the last week. This is the biggest … [Read more...]