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Americans facing a retirement crisis

Gold Watch for Retirement

Let’s face it: we all want to be a lazy bones (as the old Hoagy Carmichael song goes) in retirement. Unfortunately, in today’s difficult economy, that seems to be an impossible feat to achieve for many. The latest annual Gallup Economy and … [Read more...]

Ben Bernanke admits he couldn’t sell QE to general public

helicopter-ben_bernanke

Former Federal Reserve Chair Ben Bernanke told a group of economists and financial professionals in Toronto during a speech at the Economic Club of Canada on Tuesday that it was very hard to sell the central bank’s immense quantitative easing … [Read more...]

Why does Seattle hate immigrants? Businesses warn $15 minimum wage will hurt them

job-search

Seattle Mayor Ed Murray – as well as Seattle Socialist City Council member Kshama Sawant – has proposed raising the city’s minimum wage to $15 per hour, a large sum that is not based on any economic theory or models and one that would hurt the … [Read more...]

Liberal political commentator wants to ban, confiscate wealth (video)

Pickpockets - Photo by: dullhunk

Some so-called intellectuals in our society these days really come up with the most asinine methods to solving issues affecting the country. This is no more apparent than listening to the words of Thom Hartmann, a liberal political commentator and … [Read more...]

Americans enjoy saving instead of spending – but are they putting money aside?

Money

For quite a while now, Americans haven’t necessarily been known as savers. Instead of setting aside at least 10 percent of their income for a rainy day or retirement, they buy large televisions, upgrade their homes unnecessarily and purchase a new … [Read more...]

Government wants your money – Property tax collections on the rise

Double-Dip-Economic-Depression-225x300

The government needs money and fast. Since it doesn’t create anything, the only way it attains money in its coffers is to use force and take it from the citizenry. For the past several years since the economic collapse and Great Recession, government … [Read more...]

Dilbert Is Right: Business (or government) travel is a waste of time

Obama Cabinet

Scott Adams produced another hilarious cartoon of Dilbert on Monday. The strip’s manager announced that the travel budget had been frozen so the company can meet its income estimates in the quarter. Dilbert responded: “Is that because all business … [Read more...]

Week in Review: Apr. 14 – Apr. 20

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: J.P. Morgan warns of rampant global price inflation Charles Barkley must read Henry Hazlitt to … [Read more...]

How does the stock market work? Infographic explains

financial crisis

We report on a lot of economic, financial and business news, but have you ever wondered how exactly the stock market works? The financial hub affects everything from what you pay at the grocery store to your retirement accounts. On a quintessential … [Read more...]

Hypocrisy: Bill de Blasio doesn’t pay higher taxes, CUNY to pay Krugman very well

Krugman Keyensian Cult

Socialism for everyone, except for myself. That is usually the philosophy that proponents of big government and socialism adhere to. A politician wants to maintain the coercion, intrusion and pervasive nature of government to be applied to every … [Read more...]