By: Gary Galles “Sugar Vs. Corn Syrup” reads the headline about legal wrangling between enablers of America’s sweet tooth. Big sugar accused big corn syrup of misleading the public with an ad campaign that it is “nutritionally the same as sugar,” asking for $1.5 billion in damages. Corn syrup producers had already sued for $530 […]
Archives for December 2015
Do we need the Federal Reserve?
By: Ron Paul Stocks rose Wednesday following the Federal Reserve’s announcement of the first interest rate increase since 2006. However, stocks fell just two days later. One reason the positive reaction to the Fed’s announcement did not last long is that the Fed seems to lack confidence in the economy and is unsure what policies it should […]
5 random things for a Christmas Friday (Zimbabwe-China relations improve, consumer drones sales, beware the intellectual)
News Story of the Day: Another blow against the United States dollar? Perhaps. Zimbabwe announced that China will cancel approximately $40 million worth of the impoverished African nation’s debt due to mature this year. At the same time, the Zimbabwean government is seeking to expand its use of the Chinese yuan renminbi. The second-largest economy […]
Merry Christmas and a Happy New Year to all of our readers!
From the Economic Collapse News staff, we would like to wish all of our readers and their families a Merry Christmas and a Happy New Year. Thank you very much for checking out our website on a daily basis during the past year. We hope you continue to read Economic Collapse News over the coming year. […]
Trade War Initiated: U.S. wants 256% tariff on steel imports from China
Has the trade war between China and the United States been initiated? A preliminary finding from the U.S. Department of Commerce alleges that corrosion-resistant steel imports from China were sold at unfairly low prices and will now be taxed as an astonishing 256 percent. The federal department confirmed in a statement Tuesday that imports from […]