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The financial experts who warned us about the impending economic collapse

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The number of people who warned of the economic troubles the U.S. economy would endure from 2007 and on was certainly few compared to all of the so-called experts who said everything was fine.  Here is a compilation of several of them including, Ron … [Read more...]

25 ways to increase your savings to prepare should the economy totally collapse

U.S. dollar - Photo by: reubeningber

Compared to elsewhere around the world, Americans and Canadians are terrible at putting money aside for a rainy day or retirement. The United States has a savings rate of 2.6 percent, while Canada’s rate of savings is 3.3 percent. Finance experts … [Read more...]

Nearly one-quarter of Americans to cut savings, increase debt due to payroll tax hike

Coins - Andrew Moran

At the beginning of the year, Washington lawmakers imposed a two percent payroll tax hike on wages earned up to $113,700 as part of the fiscal cliff deal. It was believed at the time that many Americans would be expected to save less, possibly cut … [Read more...]

Poll: Preppers say economic collapse is most likely disaster

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Although the mainstream media and establishment like to portray preppers as paranoiac conspiracy theorists, those who prepare in event of a disaster or an emergency might be the ones to have it correct: adapt or die. Indeed, there is an array of … [Read more...]

U.S. pays $35 billion toward the national debt in second quarter

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For the first time in six years, the United States Treasury Department paid a small portion of the national debt. In the second quarter of this year, the U.S. is expected to pay down $35 billion on the near $17 trillion national debt because of … [Read more...]

Amazon launches its own virtual currency; one coin equals one cent

Amazon Coins

Amazon has announced that it has launched Amazon Coins, its own virtual currency that allows individuals to purchase apps, in-apps and games from the Amazon Appstore. At the present time, it's only available in the United States for Kindle Fire … [Read more...]

Chinese economy could collapse if high debt loads do not decline, UBS analysts warn

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UBS analysts are warning China to get their debt under control. According to research by the institution, Beijing is facing a tremendous debt issue and one that is growing each year. If left unsolved, the country’s economic growth could experience … [Read more...]

IRS targeted nonprofit groups critical of government since 2011: audit

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An audit conducted by the Internal Revenue Service (IRS) inspector general found that over the past two years officials have been targeting nonprofit groups that are critical of the federal government and seek to educate Americans about the United … [Read more...]

Japanese Prime Minister being cheered on for collapsing the value of the yen

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Japanese Prime Minister Shinzo Abe is being praised for his easy money policies and being "victorious" in devaluing the yen against the dollar by twenty percent over the past six months.  Despite the risk of fanning the flames of a currency war with … [Read more...]

12 important steps to understand the free market, reject government tyranny

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This week, I just finished reading economist Robert Murphy's tremendous book "The Politically Incorrect Guide to Capitalism." The P.I.G. series contain fantastic books that debunk many of the myths of capitalism and the free market perpetrated by … [Read more...]