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Millions of Social Security recipients receiving historically small increases

inflation1

With all the talk of Social Security’s deplorable finances, there is another sign that this entitlement program is on the brink of financial exhaustion: minuscule benefit increases. For the third consecutive year, millions of Social Security … [Read more...]

U.S. debt held by foreign reaches record high $6.07 trillion

yen vs dollar

Foreign holdings of United States Treasury securities reached a record high of $6.07 trillion in the month of August, an increase of $70 billion from the previous month. With the U.S. dollar hitting a five-year high and many believing the U.S. … [Read more...]

Chart: 6 nations doomed if oil prices continue to descend

oil

Oil prices have fallen in recent months because of market innovations and increased production. At the time of this writing, oil prices are trading at just over $80. Although this is a positive for consumers everywhere, this spells doom for nations … [Read more...]

Federal Reserve officials not ruling out possible QE4

Federal Reserve - Photo by: AgnosticPreachersKid

The volatility in last week’s markets suggests that Wall Street isn’t prepared to move ahead without its monthly stimulus injections of cheap money. The declines in nearly every element of the stock market, even globally, have led to much speculation … [Read more...]

Week in Review: Oct. 13 – Oct. 19

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: Austrian Economists – Past & Present (first edition) (hot) Poll: Vietnam, China like capitalism … [Read more...]

U.S. receives (steals) record high $3 trillion in taxes

US Currency

At a time when the United States government consistently states that it has to raises taxes in order to raise revenues, a taxpayer has to take a stand back and laugh, particularly with the latest report released Wednesday by the Treasury … [Read more...]

2 important charts that should worry you: food inflation, labor market

Homeless American citizen - Photo by:  	C. G. P. Grey

For the average person, there are two important economic statistics to always be on the lookout for: food inflation and participation in the labor market. The Federal Reserve has a couple of charts showcasing how high food inflation is and how low … [Read more...]

David Stockman: Federal Reserve’s 2% inflation target rate a ‘con job’

Inflation

For those who have noticed prices skyrocketing and the value of paychecks eroding it may come as a surprise that the Federal Reserve believes inflation is too low and is sitting below its target rate of two percent. One contrarian economist purports … [Read more...]

Federal Reserve QE taper creating market freefall, QE4 may be on the horizon (Peter Schiff right again)

economic collapse

Since the economic collapse, the Federal Reserve System has been the only lifeline for Wall Street. With an aggressive and expansive quantitative easing policy and holding interest rates at record lows, the stock market experienced record gains and … [Read more...]

Peter Schiff: Federal Reserve laying foundation for next round of QE

money-printing-press

Peter Schiff, president of Euro Pacific Capital, released a video over the weekend discussing how the Federal Reserve is laying the foundation for another round of quantitative easing. This year, the United States central bank has reduced its monthly … [Read more...]