A broken clock is right twice a day. Is Modern Monetary Theory (MMT) anything new? The concept being pushed by the likes of Rep. Alexandria Ocasio-Cortez (D-NY) and Sen. Bernie Sanders (I-VT) suggests that the Federal Reserve (or Congress) print money to pay for the deficit. But isn’t that what it is currently doing with […]
Federal Reserve
DOLLAR COLLAPSE: Will the global de-dollarization push destroy the greenback?
By: Andrew Moran The U.S. dollar has been as good as gold for the last 70 years, enjoying its hegemony as the international reserve currency. Despite the Federal Reserve destroying the greenback’s value over the last 100 years, foreign governments, central banks, and global financial markets have depended on the buck for everything, from its status as […]
Week in Review: November 18 to November 24
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: China slashes short-term funding rate, expected to slash RRR before end of year CNN: ‘Truth still matters’ so here is Dan Rather to discuss Why are libertarians losing […]
Donald Trump ‘protested’ high interest rates at meeting with Jerome Powell
President Donald Trump met with Federal Reserve Chair Jerome Powell at the White House on Monday. It was what you would expect: the U.S. central bank saying that it is a non-political institution, President Trump saying that it was a cordial powwow, and everyone claiming that the Fed is an independent entity. So, pretty uneventful. […]
Week in Review: November 11 to November 17
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: #VeteransDay2019: Where are U.S. troops based around the world? The globalist war on your savings BREAKING: Pete King will not seek re-election in 2020 WATCH LIVE: Trump impeachment […]