By: Ron Paul With a national debt approaching $23 trillion and a trillion dollar deficit for this year alone, Congress last week decided to double down on suicidal spending, passing a two year budget that has the United States careening toward catastrophe. While we cannot say precisely when the economic crash will occur, we do […]
Archives for August 2019
#FinePeopleHoax: The Charlottesville Lie exposed
To this date, the mainstream media and presidential candidates keep stating that President Donald Trump referred to neo-Nazis as “fine people.” He never said this, but it continues to be pushed by journalists, pundits, politicians, and anyone who has a case of Trump Derangement Syndrome. It’s fake news. Scott Adams has been one of the […]
Gold, bitcoin soar as market turmoil spooks investors
The Dow Jones cratered nearly 800 points, the S&P 500 plunged 3%, and the NASDAQ shed about 300 points. This is all because President Donald Trump escalated trade tensions with China last week by imposing 10 percent tariffs on the remaining $300 billion in imports. Beijing is expected to retaliate by halting new agricultural purchases […]
Week in Review: July 29 to August 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: Janet Yellen supports Fed’s upcoming interest rate cut U.S. to give farmers affected by trade war $16 billion in bailouts As global economy slows, central banks hitting brakes […]
WATCH: Milton Friedman slays Phil Donahue with his sword of truth
It was Milton Friedman’s 107th birthday this week. While not perfect on everything, mainly on monetary policy, he was still an influential figure for the libertarian movement. He were around today, he would annihilate the mainstream media, both political parties, and the pillars of the establishment. Since we cannot see his insights today, we can […]