News Story of the Day: The blue pearl of the cosmos might as well be the red pearl of space since it is drowning in red ink. According to a new report by the Institute of International Finance (IIF), global debt topped $250 trillion in the first half of 2019, a fresh record high. What […]
Austrian Economics
How the failure of Communism brought down the Berlin Wall
By: Andrew Moran The Berlin Wall – not the hammer and sickle — will be etched forever in history as the symbol of the failed ideologies of socialism and communism. The concrete barrier aimed to keep people in and freedom out, but after decades of misery, suffering, and ineptitude, the Soviet bloc cracked into the […]
The globalist war on your savings
By: Andrew Moran When any one of the plethora of bubbles burst – pick your poison – and the next financial crisis impacts Wall Street and Main Street, how will the central banks and federal governments react? They have fired all their unconventional rounds of bullets, from subzero interest rates to vast money-printing. One other proposal could conceivably […]
Week in Review: November 4 to November 10
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: Atlanta Fed cuts Q4 GDP forecast to 1.1% Why did Tulsi Gabbard vote for Trump impeachment inquiry? ECB’s Christine Lagarde: ‘We should be happier to have a job […]
10 ways the U.S.-China trade has damaged the American economy
It has been a long, long 18 months since President Donald Trump fired the first shot in a trade war with China. What considered a dispute with no end in sight, it now looks to be winding down (or is it?) after both sides are making concessions. But it has been rough for all parties […]