Bitcoin, the peer-to-peer decentralized digital currency, recently topped $8,000 amid the crisis unfolding in Zimbabwe and Venezuela. Despite maintaining all the hallmarks of a bubble, the most avid of bitcoin proponents argue that it isn’t a bubble at all. The topic of conversation isn’t how to protect yourself in the event of a crash, but […]
Archives for November 2017
STUDY: 7 of 10 richest members of Congress are Democrats
For years, libertarians have fervently argued that the Democrats and the Republicans are the same thing, pointing to a host of issues, like war and welfare. Today, however, it has become quite clear on the surface to the average American that Democrats have become Republicans and Republicans have become Democrats. Republicans oppose trade, but Democrats […]
Week in Review: November 13 to November 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: LOL: The greatest Donald Trump tweet you will ever read Government Recycling Programs Waste Valuable Resources 400 millionaires, billionaires urge Congress to NOT cut their taxes Inflation rate […]
Housing Bubble 2.0: Michigan bank offers zero-down mortgage
Credit restrictions that were imposed soon after the collapse of the housing bubble about a decade ago have gradually been removed. You’re finding more and more financial institutions reducing standards, offering subprime borrowers more credit. In other words, it’s 2006 all over again. Case in point, a Michigan bank has brought back the zero-down mortgage, […]
WRITE A CHECK: Leftist Billionaires Virtue Signal on Tax Cuts
By: Gary Galles As happens every time any sort of tax change that can be demonized as “tax cuts for the rich” is proposed, the Trump administration’s framework for tax reform has been met with “tax me more” virtue signaling. The latest installment I have seen was “I’m a billionaire. Tax me more,” in the […]