6 random things for Friday (Amazon’s second HQ, Apple Watch, Thomas Sowell on millennials)

News Story of the Day: here comes the cronyism... Amazon announced that it is planning on opening its second headquarters in North America. This unleashed a barrage of cities to enter into a bidding war to win the near trillion-dollar company's … [Read more...]

Chart: The declining relevance of labor unions in America

Thankfully, private sector labor unions are not as powerful as they once were just 20 years ago. Now, government labor unions are a whole other story. Today, union membership represents just six percent of the private sector. And we're much better … [Read more...]

Cato Institute scholar wants a national sales tax, $10k check for all

So much for being a libertarian think-tank... A Cato Institute scholar is - get this - promoting a value-added tax (VAT) and a $10,000 check for Americans. Writing in The Wall Street Journal on Monday, John Cochrane, a senior fellow at Stanford … [Read more...]

Power of the Market: Legal weed prices have plummeted

It has only been a couple of years since a few states, like Colorado and Washington, legalized marijuana, but the power of the marketplace is already in full force. According to new data from BDS Analytics (via Axios), the cannabis industry has … [Read more...]

Study: Basic income of $12,000 a year would grow U.S. economy by $2.5 trillion

Here we go again... This is just further proof that it is inevitable that countries will adopt the basic income guarantee, which will NOT replace the welfare state. Although proponents of this concept say it will end the welfare system, the … [Read more...]

James Rickards: Gold could spike to $10,000 on ‘war’

It has been a while since we have seen predictions of a meteoric rise of precious metals. Gold and silver are surging right now because of geopolitical tensions and several other factors, and gold is certainly one of the best performing assets this … [Read more...]

Week in Review: August 28 to September 3

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: Has YouTube started censoring Ron Paul? Winning! Amazon slashes Whole Food prices by as much as … [Read more...]

Who is leading the autonomous driving patent field?

Autonomous driving and vehicles will be a massive market in the coming years - that is, if the government doesn't prevent its growth, which is already occurring around the world. Whoever enters now at the ground floor, with many, many patents, … [Read more...]

6 random things for Friday (Minnesota in a ‘crisis’, 1 trillion pictures, Thomas Sowell on Antifa/BLM)

News Story of the Day: Minnesota's state pension debt is in a crisis right now. In fact, it's crisis is coming with a $33.4 billion price-tag, or $6,000 for each Minnesota resident. According to Bloomberg, the state has just 53 percent of what it … [Read more...]

Treasury Secretary: ‘Having a weaker dollar is somewhat better for us’

It looks Treasury Secretary Steven Mnuchin is adopting President Donald Trump's proposal of implementing a weak-dollar policy, reversing the official White House mantra of a strong U.S. dollar. Speaking in an interview with CNBC on Thursday, the … [Read more...]