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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 […]
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 […]
07/21/2021
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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 […]
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 […]
05/14/2021
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By News Editors
Why inflation is at a 12-year high
Yesterday, the Bureau of Labor Statistics (BLS) released numbers indicating that the average price level of consumer goods has risen 4.2% since this time last year. This is the highest rate since 2008. In other words, the average consumer making the same salary this year has taken a pay cut when you consider what their […]
05/05/2021
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By News Editors
Get ready for the most painful inflation since the Jimmy Carter years of the 1970s
If you are too young to have been alive during the 1970s, you might want to read up on that decade, because current economic conditions are starting to become eerily similar to what we experienced back then. In the 1970s, an energy crisis caused tremendously long lines at gas stations all over the country. In […]
03/31/2021
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By News Editors
“The largest tax hike in generations” could pay for up to 75% of Biden’s next spending plan
On Wednesday, President Biden will unveil the first part of a two-part stimulus plan aimed at infrastructure, climate change, and social programs. (Article by Tyler Durden republished from ZeroHedge.com) While initial reports pegged the next round of stimulus at $3 trillion, the Washington Post‘s Jeff Stein now reports that new spending could top $4 trillion, while new taxes to pay […]
03/03/2021
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By News Editors
The brutal reality is, with globalism being rammed down our throats, Americans need to plan to survive as the entire economic system comes crashing down
Events over the past few years have made people rethink their retirement plans. No matter how many years you have before retirement you have to be aware of the impact that changes in the financial world will have on your retirement. In most cases, people have been working hard trying to put together some savings […]
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