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Billionaire investor Jeremy Grantham warns of another financial crisis by Fed

Federal Reserve - Photo by: AgnosticPreachersKid

Despite Wall Street investors and speculators cheering on the roaring stock market and proclaiming that the happy days are here again, it appears that some well-known investment firms are already beginning to help their clients move out of the way of … [Read more...]

Federal Reserve Vice-Chair Stanley Fischer warns of another economic collapse

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The Federal Reserve has been the primary culprit of the economic collapses, the financial crises and the domestic downturns that have inflicted the United States. Indeed, the federal government and the central bank usually omit this fact from their … [Read more...]

Social media, biotech bubbles on the verge of collapsing: financial community

financial crisis

For the first time that we can recall, Marc Faber, the publisher of The Gloom, Boom and Doom Report, and Janet Yellen, Federal Reserve Chair, have something in common: social media and biotech stocks are in a bubble, and they are on the verge of … [Read more...]

Russia’s gold reserves increase to 35.2 million troy ounces

shiny-gold-bullion-bars

Amid the global hostility shifted towards the Russian Federation, the central bank announced on its website Friday that it increased its gold reserves in the month of June from 34.7 million troy ounces to 35.2 million troy ounces. Russia’s value … [Read more...]

Spain introduces a 0.03% tax on all bank account deposits; is the U.S. next?

central-banks

Last year, Cyprus made headlines all over the world for the wrong reasons. Due to a financial crisis, the government instituted a tax upwards of 50 percent on bank deposits exceeding 100,000 euros – initially it was all deposits but the citizens were … [Read more...]

Should the workforce transition to a three-day work week?

office

Over the weekend, Mexican billionaire tycoon Carlos Slim delivered a speech in Paraguay where he opined on the economy and education. When he discussed business-related matters, he averred on a potential three-day work week that would eliminate the … [Read more...]

Week in Review: Jul. 14 to Jul. 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: Gary Johnson: ‘Abolish the IRS’ in light of scandals Janet Yellen: Keynesian economics at Federal … [Read more...]

Infographic: U.S. spends $1.06 trillion each year on education

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The United States education system is abysmal to say the least. In order to improve test scores and grades, government school proponents say, the government must increase public funding and give teachers more money every year. Is this the … [Read more...]

Peter Morici is wrong suggesting inflation will diminish Fed’s independence

Janet Yellen

Since the inception of the Federal Reserve System more than a century ago, it has remained an autonomous, independent body that has become more powerful than the Central Intelligence Agency, the National Security Agency and pretty much any other … [Read more...]

World Bank economist calls bitcoin a ‘naturally occurring’ Ponzi

Physical Bitcoins - Photo by: CASASCIUS

Staunch critics of bitcoin have labelled the digital currency as a Ponzi scheme – economist Gary North went into great detail outlining a list of reasons why the popular cryptocurrency is one. Financial institutions, think-tank organizations and … [Read more...]