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: Jerome Powell plans to complete full term, says Trump was not factor in rate pause 2020 Dem candidate wants reparations for descendants of slaves The AOC-Bill Gates alliance […]
Archives for March 2019
Capital investment is the greatest type of charity
By: C. Jay Engel In our time of rising socialistic rhetoric and indignation against those who have great levels of wealth, we also encounter the idea that the use of wealth for charitable purposes is better for society, perhaps even more moral, than the use of wealth for business development and capital investment. Few interpretations […]
Bernie Sanders: ‘We need public control over capital’
Are you still unsure if Senator Bernie Sanders (I-VT) is bleeding red? Senator Sanders, known for celebrating bread lines, has been championed as a democratic socialist, which is essentially the same thing as regular socialism. However let’s say that democratic socialism is different than what has been practiced in Venezuela or the Soviet Union, the […]
THANKS TRUMP: Trade war cost U.S. economy $7.8 billion in 2018
President Donald Trump’s trade war against the world is being herald as a success by his administration and his supporters. But it’s hard to imagine what success looks like when consumers are getting taxed, farmers are losing their businesses, and the economy is shedding billions. Nobody ever wins a trade war. Want further proof? According […]
Random Friday: Uber IPO, stock buybacks, Teflon Don
News Story of the Day: One of the remaining tech titans to not go public is Uber. But that is all about to change, reports Reuters. Citing sources close to the situation, the ride-hailing app is planning to file an initial public offering (IPO) next month. It could seek a valuation as high a $120 […]