It is time to ring in the new year and the new decade. Will the next 10 year be a glittering decade for gold or will the bulls stomp on the yellow metal’s hopes and dreams? One financial expert thinks gold is going to double sometime in the 2020s. Paul Schatz, Heritage Capital president, told […]
Archives for December 2019
Week in Review: December 16 to December 22
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: Larry Kudlow expects USMCA, U.S.-China deal to add 0.5% to GDP in 2020 THANKS FED: Dow Jones hits 10,000th point since Donald Trump took office GOOD! In 2018, […]
Paul ‘Inflation Tamer’ Volcker killed the last vestiges of gold
By: Joseph Salerno The flood of obituaries that noted the passing of Paul Volcker (1927–2019) last week have almost all lauded his achievement as Fed chair (1979–1987) in reining in the double-digit inflation that ravaged the US economy during the 1970s. Volcker was referred to as the “former Fed chairman who fought inflation” (here); “inflation […]
ANOTHER ONE: Democrat says Putin is blackmailing Trump, offers zero proof
Earlier this week, Rep. Maxine Waters (D-CA) said that President Vladimir Putin gifted Donald Trump the 2016 election to lift U.S. sanctions on Russia, despite slapping new ones on Moscow. Evidence? Zero. Days later, another congresswoman, Norma Torres, from The Golden State says Putin is blackmailing Trump. Evidence? Zero. CNN is now the Conspiracy News […]
Amid steel layoffs Wilbur Ross still thinks tariffs are working
U.S. Steel is temporary suspending operations in Michigan, laying off workers, slashing dividends, and temporarily halting stock buybacks. It is a bloodbath in Steel Town (not the city). Why? Tariffs. When President Donald Trump introduced steel and aluminum tariffs, domestic prices went up. As time went on, demand diminished because steel-reliant companies could not afford […]