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...]

Snap Inc (SNAP) plunges 5% after Morgan Stanley lowers price target

Snap Inc (NYSE:SNAP)'s post-IPO plunge has been incredible to watch. After one great week on the New York Stock Exchange, where everyone thought it was going to be the next Facebook, Snapchat has continued bleeding red ink and is still under its IPO … [Read more...]

Missouri Blues: University of Missouri sheds 400 jobs, closes seven dormitories

The market has spoken: the University of Missouri is a terrible school. Ever since a communications professor requested some muscle to prevent a journalist from covering a protest, the University of Missouri, also known as Mizzou, has become the … [Read more...]

War on Cash: Denmark bans cash in prisons to fight crime

Scandinavia has been at the epicenter in the war on cash. Whether it is Sweden or Norway, in their quest to control the population, the war on cash has been amplified by governments and central banks in recent years. The newest example of their … [Read more...]