By: Ron Paul September marked a decade since the bursting of the housing bubble, which was followed by the stock market meltdown and the government bailout of the big banks and Wall Street. Last week’s frantic stock market sell-off indicates the failure to learn the lesson of 2008 makes another meltdown inevitable. In 2001-2002 the […]
Austrian Economics
Week in Review: October 8 to October 14
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: Ron Paul: ‘We have the biggest bubble in the history of mankind’ HYPOCRISY: Senate Democrats on FBI investigation of Brett Kavanaugh HUH: Ocasio-Cortez gives rambling answer to simple […]
Random Friday: China trade surplus, income tax, CNN racism
News Story of the Day: It looks like President Donald Trump isn’t closing the trade gap with China, despite all of his 18th century mercantilist policies. China posted a trade surplus with the U.S., and it widened to a record $34.1 billion last month as exports to the U.S. surged by 13 percent from the […]
Forget What Phony Government Statistics Say – the ‘Strong Dollar’ Buys Less
By: Clint Siegner Some of last week’s weakness in the stock market was attributed to surprisingly week jobs report on Friday. Non-farm payrolls came in significantly below projections. However, much of that weakness was explained by Hurricane Florence. And the headline unemployment rate dropped to 3.7% – the lowest in almost 50 years. Much was […]
Ron Paul: ‘We have the biggest bubble in the history of mankind’
Whether you sport a MAGA hat every single day of the week or you wish for the death of President Donald Trump and think the good times are because of his predecessor, you need to at least admit that this is the motherlode of bubbles. Thanks to the immense sum of cash injected into the […]