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News & Articles By News Editors
09/28/2021
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By News Editors
Evergrande isn’t China’s “Lehman moment.” It could be worse than that
The bankruptcy of the Chinese real estate company Evergrande is much more than a “Chinese Lehman.” Lehman Brothers was much more diversified than Evergrande and better capitalized. In fact, the total assets of Evergrande that are on the brink of bankruptcy outnumber the entire subprime bubble of the United States. (Article by Daniel Lacalle republished from MISES.org) The problem with Evergrande […]
09/19/2021
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By News Editors
The illusion of getting rich while producing nothing – (excellent commentary by Charles Hugh Smith)
By incentivizing speculation and corruption, reducing the rewards for productive work and sucking wages dry with inflation, America has greased the skids to collapse. (Article republished from CharlesHughSmith.Blogspot.com) Of all the mass delusions running rampant in the culture, none is more spectacularly delusional than the conviction that we can all get fabulously rich from speculation […]
09/16/2021
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By News Editors
Treasury Department seeks to track financial transactions of personal bank accounts over $600
In May, the Treasury Department released the Biden administration’s revenue proposals for fiscal year 2022. One aspect of this document that has gone under-reported is the administration’s new plan for reporting requirements for financial institutions. (Article by Peter Jacobsen republished from Fee.org) The document is unequivocal about the administration’s goal for financial reporting, stating, “this proposal would […]
09/13/2021
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By News Editors
Dems propose $3 trillion tax hike on working families and small businesses
House Democrats are proposing almost $3 trillion ($3,000,000,000,000) in tax increases including tax increases on small businesses and working families. This is the largest tax increase since 1968 compared to the size of the economy and the largest tax increase ever in nominal dollars. (Article by Alex Hendrie republished from ATR.org) Some of these tax increases include: Raising taxes on working families […]
08/12/2021
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By News Editors
Senate Democrats ram through massive $3.5 TRILLION spending package
The US Senate rammed through a massive spending package overnight to the tune of $3.5 trillion. The plan, containing provisions for President Joe Biden’s progressive pet projects, passed with a 50-49 vote along party lines. (Article by Libby Emmons republished from ThePostMillenial.com) Tuesday night into Wednesday saw a “vote-a-rama” on the Senate floor where Senators could […]
07/25/2021
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By News Editors
Jim Rogers – US dollar will be replaced just like the peso, pound sterling and the French franc
SBTV spoke with Jim Rogers, global investor, and author, about whether gold and silver will once again be used as a monetary asset and what will replace the US dollar eventually as the world’s reserve currency. The dollar will go the way of the Spanish peso, British pound sterling, the French franc, and other reserve currencies […]
07/21/2021
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By News Editors
Fiat money economies are built on lies
Now and then, it pays to take a step back to get a broader perspective on things, to look beyond the daily financial news, to see through the short-term ups and downs in the market to find out what is really at the heart of the matter. If we do that, we will not miss the […]
07/03/2021
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By News Editors
Brothers abscond with $4 billion in crypto stolen from South African exchange
In a story that will sound familiar to anybody who followed the collapse of Canadian crypto exchange Quadriga, two brothers who ran a South African crypto exchange have absconded with Bitcoin worth $3.6 billion stolen from their clients, demonstrating once again the one glaring security weakness: While hackers are believed to have brought down Mt. Gox, […]
06/10/2021
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By News Editors
Outsourcing production of virtually everything has brought US to brink of nightmare economy scenario
Many of the imbalances that are contributing to the nightmarish shortages that we are currently witnessing are not going to be solved any time soon. Ever since I started The Economic Collapse Blog, I have been warning that outsourcing the production of just about everything and running massive trade deficits year after year would eventually have […]
06/04/2021
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By News Editors
Economic collapse: 8 signs it is close
Prepping is all about being ready for the unexpected. It is about being ready for everyday emergencies, natural disasters and regional calamities that will put your life in danger, not to mention make it very complicated. (Article by Tim Makay republished from ModernSurvivalOnline.com) Most preppers will establish detailed plans and acquire all of the supplies […]
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