Desperate to gain traction in the polls, Senator Elizabeth Warren (D-MA) is appealing to debt-ridden students who are frustrated by the $50,000 tab they endured for studying lesbian dance theory and how all white people are literally Adolf Hitler. Writing in a blog post on Medium, the first-ever Native American senator and presidential candidate promised […]
Archives for April 2019
BUTT OUT: Government’s war against cigarettes is counterproductive
By: Lee Friday Canada’s federal government wants cigarettes to self-extinguish when we stop smoking them, believing this will reduce incidents of death and injury from fires caused by careless smoking. Thus, since 2005 the government has mandated the use of reduced ignition propensity (RIP) materials in the manufacture of all cigarettes. However, the government’s high cigarette taxes […]
Social Security costs will exceed revenues next year, be insolvent by 2035
Well, duh. Anyone who has taken a look at the federal government’s books lately would know that entitlement spending is out of control and that these programs are on the cusp of insolvency. Although this has been warned about before by Washington’s agencies, Social Security and Medicare’s pending insolvency was talked about again on Monday. […]
Week in Review: April 15 to April 21
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: Trump blames Federal Reserve for stocks not being 10k points higher Counterfeiting money is wrong – by both the Federal Reserve and private individuals 4D CHESS: Trump gets […]
Zoom, Zoom: Penny stock surges 56,000% as investors buy wrong company
Is this a case of mistaken trading or traders taking advantage of stupidity? Recently, Zoom Video Communications filed an initial public offering (IPO) of $36 and it surged 72 percent to just under $62 a share. But there was another Zoom that benefited from the buzz: Zoom Technologies, an over the counter penny stock. Over […]