Why do U.S. presidents insist that tariffs work? Hoover, Carter, Bush, Obama, and now Trump. Last week, the president proposed slapping a 25 percent on steel imports and 10 percent on aluminum imports. This would be in addition to the multiple tariffs, duties, and restrictions the Trump administration has instituted since Inauguration Day. Democrats seem […]
Archives for March 2018
Week in Review: February 26 to March 4
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: Ontario restaurant prices jump the most since 1991 amid higher minimum wage The Welfare-Warfare State – is the Tea Party Over? FAKE NEWS: CNN lies about not allowing […]
BOE’s Mark Carney warns bitcoin, cryptocurrencies are ‘failing’ as money
A few years ago, central banks were in panic mode about the meteoric rise of bitcoin, litecoin, and the myriad of other cryptocurrencies that were meant to be utilized as a form of money and to take down the fiat system. They now seem to be confident that it’s merely a speculative investment that will […]
REPORT: Americans borrowing record auto loans, monthly payments hit $515
Auto loans, particularly subprime and the “trade-in treadmill,” will dominate the next recession. Motorists are borrowing record amounts of auto loans to drive from point A to point B, and it is only getting worse as auto loan debt hovers around the crucial $1 trillion threshold. According to a new report from Experian, the average […]
Random Friday: Trump’s trade war, Pentagon funding high schools, Jordan Peterson
News Story of the Day: what the heck is wrong with President Donald Trump? On Friday morning, the president sent out this tweet: When a country (USA) is losing many billions of dollars on trade with virtually every country it does business with, trade wars are good, and easy to win. Example, when we are […]