Despite the Federal Reserve apparently attempting to be more open and engaging with the American people, the public’s knowledge of the United States central bank is still rather limited. And that shows in a new survey. WalletHub, a personal finance website, published the results of its “Fed Rate Hike Survey,” and the findings were concerning. […]
Archives for July 2017
Week in Review: July 17 to July 23
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: War on Cash: Visa wants restaurants to start ‘journey to cashless’, MasterCard tests fingerprint scanner Video: Students love socialism, can’t explain what it is Robert Wenzel launches weekly […]
Breaking: Sean Spicer out as another Goldman Sachs crony enters Trump White House
So much for a Donald Trump White House being clean from Wall Street insiders… Press Secretary Sean Spicer has reportedly quit his position over his objections to the White House appointing Anthony Scaramucci, the senior vice president and chief strategy officer at the U.S. Export-Import Bank and former Goldman Sachs employee. Reportedly, the president wanted Spicer […]
Money Supply Growth Falls Again, Dropping to 105-Month Low
By: Ryan McMaken Growth in the supply of US dollars fell again in May, this time to a 105-month low of 5.4 percent. The last time the money supply grew at a smaller rate was during September 2008 — at a rate of 5.2 percent. The money-supply metric used here — an “Austrian money supply” measure — […]
6 random things for Friday (UK borrowing rises, millennials love eating out, gold)
News Story of the Day: borrowing in the United Kingdom is growing at a rapid pace as inflation continues to lift debt levels. Here is what MarketWatch reports: U.K. government borrowing increased on the year in the three months through June, official figures showed Friday, as quickening inflation pushed up the cost of servicing Britain’s […]