By: Mark Thornton It has been often said that our future rests with the next generation. If that is true, then it is a scary prospect. The millennial generation (ages 18-34) increasingly sees itself, politically, as socialist. I personally know a couple of young men who declare themselves Marxists! Although that is frightening enough, remember […]
Archives for May 2018
Jerome Powell: Federal Reserve must remain independent – but was it ever?
Last week, Kevin Warsh, a former official with the Federal Reserve, who many considered would succeed Janet Yellen as head of the U.S. central bank, revealed that President Donald Trump doesn’t view the institution as an independent body. After years of the Fed working with administration after administration, can anyone blame Trump. This prompted Fed […]
Week in Review: May 21 to May 27
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: A reminder from Ronald Reagan on protectionist trade measures Japan, Russia threaten $1 billion retaliation on U.S. tariffs You can now loiter at Starbucks without buying anything Ron […]
Random Friday: Bloomberg hates the poor, industrial robots, Tulsi Gabbard
News Story of the Day: Michael Bloomberg, billionaire and former New York City Mayor, whose record will be remembered as that of central planning and nannyism, says he likes to raise taxes on poor people. Speaking at the World Bank Group 2018 Spring Meetings in Washington, D.C. earlier this week, Bloomberg argued that hiking taxes on […]
WATCH: Ron Paul, Daniel McAdams blame John Bolton for Trump-Kim summit cancellation
Now that the Trump-Kim summit has been cancelled, it is time to scratch underneath the surface to determine why. But you can look no further than National Security Advisor John Bolton and the neoconservatives who made the meeting between the two leaders almost impossible. Everything from belligerent language to making too many demands, Bolton and […]