Soon after 53 percent of Britons voted to Leave the crumbling European Union (EU), markets everywhere started to substantially crash, from Tokyo to London, from New York to Toronto. In fact, the Brexit crash wiped out more than $2.1 trillion. The one-day evisceration is a record, and actually beats September 29, 2008’s $1.9 trillion vaporization. […]
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Week in Review: June 20 to June 26
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: War on Cash in U.S. slightly delayed as Treasury Department won’t kill the $100 bill Why Brexit is Better for Britain LOL: Vin Scully destroys ‘Socialist Paradise’ Venezuela […]
Oh No! Ontario announces basic income pilot project
The government of Ontario, which is the most corrupt and inept government in all of Canada, announced Friday that it is launching a basic income pilot project. The minimum income initiative has been gaining momentum across the Great White North, and with the selfie-obsessed Prime Minister in charge, it could unfortunately come to fruition in […]
Will Brexit fallout lead to real free trade or just trade protections?
Now that the whole “will they stay or will they go?” shenanigans are all over, it’s time to examine the Brexit fallout. And one particular area that needs to be looked at is whether or not Great Britain will embrace free trade or install trade protections after dumping Brussels. When the European Union (EU) was […]
Thousands Flee as Venezuela Implodes
By: Iván Carrino The new failure of radical socialism in Venezuela is exposed when one looks at the number of people who seek to leave the country. Many people have run desperately away from the regime imposed by Chávez and continued by Nicolás Maduro. One example of those who are fleeing their Venezuelan homes is […]