TROLL: Republican unveils ‘CRUMBS ACT’ to make bonuses tax-free

Since President Donald Trump and the Republicans slashed the corporate tax rate from 35 percent to 21 percent, 100s of companies have raised wages, offered bonuses, contributed to retirement accounts, implemented a wide variety of benefits and perks, … [Read more...]

Inflation spooking financial markets as consumer prices soar in January

Is this the inflation we have been waiting for? With the Federal Reserve unwinding its $4.5 trillion balance sheet, and the printing press still operating 24/7, price inflation is beginning to accelerate, which could prompt the U.S. central bank to … [Read more...]

U.S. taxpayers on hook for $5.1 billion bailout of Fannie Mae, Freddie Mac

It's 2008 all over again. As part of the White House's draft budget on Monday, the Treasury Department is expected to fork over a $5.1 billion bailout to Fannie Mae and Freddie Mac. There is essentially nothing left in the coffers of the … [Read more...]

REPORT: U.S. households are borrowing to cover high spending levels

Consumer spending may be soaring, but Americans' purchases are not being financed with savings or disposable income. It is being fueled by borrowing, according to a new report by Wells Fargo. In recent months, consumer spending has been … [Read more...]

Trump budget will add $5.4 trillion to national debt by 2023

During the Obama regime, the Republicans blasted the Democrats for their budget deficits, even though the Bush administration regularly posted budget deficits. Today, the GOP seems rather indifferent to President Donald Trump's spending ways. On … [Read more...]

Ontario sheds 50k part-time jobs amid rising minimum wage

Are part-time jobs going extinct in the province of Ontario? In January, the economic engine of Canada hiked the minimum wage 20 percent to $14 per hour. In that same month, Ontario lost more than 50,000 part-time jobs - it only gained 8,500 … [Read more...]

Week in Review: February 5 to February 11

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: Correction? Dow plunges 355 points, continues last week’s sell-off Bitcoin crashes to 7k, suffers one of … [Read more...]

6 random things for Friday (teen unemployment, peak oil, Spacex)

News Story of the Day: why can't teenagers get jobs these days? Oh, that's easy: a higher minimum wage. According to a new study by the Mercatus Center at George Mason University, teen employment in the United States declined to its lowest level … [Read more...]

Is This Week’s Mini-Crash Just the Beginning?

By: Brendan Brown According to the mainstream narratives, a state of inflation alert was the catalyst to the US stock market mini-crash of February 2 and February 5, 2018. This explanation echoes the run-up to the October 1987 stock market … [Read more...]

WATCH: Rand Paul slams Republicans over two-year $300 billion budget deal

Heroic. That is the only word to describe Kentucky Republican Senator Rand Paul's performance on Thursday night. He took Congress, particularly the Republicans, to task over the two-year $300 billion budget deal that will more to the budget … [Read more...]