New data from the Zimbabwe Statistical Agency (Zimstat) found that the impoverished African nation imported more than $2 billion worth of goods, while exporting just $948 million so far this year. The country now has a trade deficit of $1.122 billion. In a bid to protect local industries and lower this trade deficit, the Zimbabwe […]
Archives for June 2016
LOL: Vin Scully destroys ‘Socialist Paradise’ Venezuela during MLB broadcast
Despite socialism’s numerous and catastrophic failures over the past century, there is still endless support for the system, even with what’s going on in Venezuela, the so-called Socialist Paradise. If you’re unaware of what’s transpiring in socialist nations because you’re concentrating all of your attention on sports then legendary MLB announcer Vin Scully has you […]
Why Brexit is Better for Britain
By: Thorsten Polleit On 23 June 2016, the people of Great Britain will vote whether to stay in the European Union (EU) or leave it. The pro-EU camp argues that leaving the EU will cost Britain dearly in terms of economic prosperity, financial stability, and domestic security. In fact, people are being told that exiting […]
War on Cash in U.S. slightly delayed as Treasury Department won’t kill the $100 bill
Well, at least the $100 U.S. banknote isn’t going away anytime soon. According to a new report from the Wall Street Journal, the United States government doesn’t have any intention of killing the $100 bill. Despite many prominent individuals calling for the end the Benjamin Franklin to combat criminal activity, the Treasury Department doesn’t have […]
Week in Review: June 13 to June 19
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: SunEdison Inc (SUNEQ) received $5 million from U.S. government just before bankruptcy Ron Paul: ‘The true anti-fascists are those who reject the initiation of force’ Bitcoin hits two-year […]