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Week in Review: Jan. 26 to Feb. 1

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: Venezuela’s economic collapse creates new profession: standing in line (hot) OPEC Secretary-General says … [Read more...]

Peter Schiff takes on the Winklevoss Twins over bitcoin (video)

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We reported this week that the peer-to-peer decentralized virtual currency bitcoin industry will explode to a market cap of $1 trillion, according to the Winklevoss twins, who happen to be bigtime investors in bitcoin. Speaking at a recent … [Read more...]

Chart: U.S. gas prices climb for first time in four months

Gas

Is this the beginning of a beautiful friendship? Will United States motorists start to see higher gas prices moving forward? For the first time in four months, U.S. gas prices have stopped their descent and have actually climbed, according to new … [Read more...]

NFL Super Bowl XLIX: A time to spend money you don’t have

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The NFL's ultra extravaganza, the Super Bowl, is this Sunday. The New England Patriots will face off against the Seattle Seahawks in a match that will surely generate controversy because of the much talked about deflate-gate. It's a day to stuff … [Read more...]

Peter Schiff: Federal Reserve’s QE4 to push gold higher

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Will gold spike in value because of the Federal Reserve's potential fourth round of quantitative easing? Last year at around this time, the price of gold made some significant gains, but it couldn't push higher during the rest of the year. This … [Read more...]

Will bitcoin industry explode to $1 trillion market cap?

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Since the announcement this week that the peer-to-peer decentralized digital currency bitcoin was going to have its very first United States-based exchange platform, the value of the cryptocurrency slightly rebounded and is now trading at around the … [Read more...]

CBO estimates U.S. national debt to hit $19.1 trillion under Obama

corruption of capitalism

When President Obama took office in 2009, the United States national debt stood at around $10 trillion. Fast forward six years later and the national debt now sits at more than $18 trillion, despite claiming that adding so much debt is … [Read more...]

Price Inflation: Egg prices soar in California to $3.16 per dozen

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The cost of a carton of eggs (12) in the state of California is now $3.16, up from $1.18 a year ago, and in some parts of the Golden State the price is as high as $5. It is reported by the Wall Street Journal that the Iowa State University Egg … [Read more...]

Do Americans want to repeal the Bill of Rights? Video suggests yes

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Mark Dice is out with a new video speaking with average Americans. This time, he asks if people support repealing the Bill of Rights. Most interviewees noted that they don't have enough information about the topic, but generally agreed to do it if … [Read more...]

OPEC Secretary-General says oil could spike to $200 amid falling investments

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On news that the price of gasoline in the United States falling to a six-year low, a comment from the Organization of the Petroleum Exporting Countries (OPEC) Secretary-General Abdalla Salem el-Badri caused the price of oil to wobble back and forth … [Read more...]