China and Japan are the biggest foreign holders of United States debt. They both own more than $1 trillion each, and, while they are purchasing Treasuries, they are doing so at a sluggish pace – in some months, they actually slash their holdings by small percentages. With the U.S. entrenched in a bitter trade dispute […]
Archives for October 2018
Week in Review: October 8 to October 14
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: Ron Paul: ‘We have the biggest bubble in the history of mankind’ HYPOCRISY: Senate Democrats on FBI investigation of Brett Kavanaugh HUH: Ocasio-Cortez gives rambling answer to simple […]
Steven Mnuchin: Trump respects Fed independence, wants low interest rates
The myth that the Federal Reserve is an independent institution lives on. Since the inception of the United States central bank, the Eccles Building has colluded with many administrations – both Rs and Ds – to meddle in the economy and improve chances of re-election (SEE: Donald Trump is right – Federal Reserve is a […]
Random Friday: China trade surplus, income tax, CNN racism
News Story of the Day: It looks like President Donald Trump isn’t closing the trade gap with China, despite all of his 18th century mercantilist policies. China posted a trade surplus with the U.S., and it widened to a record $34.1 billion last month as exports to the U.S. surged by 13 percent from the […]
U.S. Treasury confirms China is NOT a currency manipulator
President Donald Trump has argued over the last couple of years that China has been manipulating its currency – the yuan – in order to gain a competitive advantage over the U.S. and other countries. How has Beijing ostensibly manipulated the yuan? By suppressing it and ensuring it doesn’t appreciate. Has this been the case? […]