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Economy

This week, the U.S. national debt reached the 23 trillion dollar mark for the first time ever.  There was no fanfare, there were no politicians giving speeches about fiscal responsibility, and there has been very little national outrage.  We have simply come to accept that it is “normal” for our …

When the New York Federal Reserve began pumping billions of dollars a day into the repurchasing (repo) markets (the market banks use to make short-term loans to each other) in September, they said this would only be necessary for a few weeks. Yet, last Wednesday, almost two months after the …

The world is now 188 trillion dollars in debt, and that number continues to grow rapidly each year.  It is a form of enslavement that is deeply insidious, because most of those living on the planet do not even understand how the system works, and even if they did most …

There should no longer be any doubt that the U.S. economy is slowing down, but most Americans still don’t realize what is happening because the major news networks are completely focused on the endless impeachment drama that is currently playing out in Washington.  And without a doubt that is important, because it …

The United States’ economic situation has been a bumpy and precarious road for the past several months.  But it’s about to get even bumpier.  This week’s reports will likely show that the U.S. economy is deteriorating. The effects of the economically devastating trade war are about to show up, according to …

The Chinese never intended to make a deal, and now they are publicly admitting it.  For months, I have been warning readers of The Economic Collapse Blog that a comprehensive trade deal with China will not happen before the 2020 presidential election, and the reason why this is the case is …

Since September 17, the Federal Reserve Bank of New York has pumped billions of dollars into the repurchasing (repo) market, the first such intervention since 2009. The Fed has announced that it will continue to inject as much as 75 billion dollars a day into the repo market until November …

Do you remember what it was like in 2008 when it literally felt like no job was truly safe?  It was a terrible time, and many fear that we could soon be facing a similar scenario.  In recent days, big companies all across America have been laying off workers at …

Editor’s Note:  I’ve presented it before and I’ll present it again:  Nowhere in the Constitution is the president authorized to impose tariffs.  Only Congress is allowed to do this.  If you think otherwise, cite Article, Section and Clause, but you can’t because it does not exist. In what can only …

As the United States government continues to pile up debt, most states are following in its footsteps. Total state government debt now stands at $1.49 trillion with 40 states lacking sufficient funds to pay their bills according to Truth in Accounting’s (TIA) Financial State of the States report. At the end of …