Well, that certainly didn’t last long… According to the Treasury Department, the United States budget deficit rose jumped to $88.4 billion in May, up from $53 billion the same time a year ago. The Treasury reported that tax receipts from individuals and corporations climbed seven percent in May to $240 billion. However, spending had spiked […]
Archives for June 2017
Very Fake News: More footage of CNN staging Muslim protest
Last week, CNN went into damage control when the rest of the Internet discovered CNN staging a demonstration by Muslims who were protesting against ISIS and terrorists. It was meant to be a feel-good moment, and it would have been great if it was genuine. Alas, it was not. More footage has been released and it […]
Is inflation the disease or symptom?
By: Frank Shostak According to Ludwig von Mises, Inflation, as this term was always used everywhere and especially in this country, means increasing the quantity of money and bank notes in circulation and the quantity of bank deposits subject to check. But people today use the term `inflation’ to refer to the phenomenon that is […]
Federal Reserve’s June rate hike to cost Americans $1.7 billion in 2017
Is another rate hike in store for the United States economy this week? It’s seems quite so. The Federal Reserve will hold a Federal Open Market Committee (FOMC) meeting this week. According to the CME Group FedWatch tool, there is a market expectation of 99 percent that policymakers will raise interest rates for the second […]
Week in Review: June 5 to June 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: WalletHub: 2017’s best & worst state economies The problem with the #ParisAgreement Wow! CNN (very fake news) caught staging narrative before report Here we go again – Trump […]