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Peter Schiff: U.S. economy has been in a recession during entire Obama presidency

Peter Schiff YouTube screengrab

The Bureau of Economic Analysis (BEA) reported Friday that the United States economy grew at an annual rate of four percent in the second quarter. The federal government also increased its first-quarter GDP numbers from negative 2.9 percent to 2.1 … [Read more...]

Video: Libertarian Party of Canada describes libertarianism

Canadian Flag 2

Libertarianism in Canada isn't necessarily generating waves and changing political thought. As a matter of fact, with Liberal Party leader Justin Trudeau gaining support to unseat Prime Minister Stephen Harper, Alberta's Progressive Conservative … [Read more...]

Ron Paul: Fed’s stock market bubble to incite ‘major correction’

Ron Paul - Photo by: David Carlyon

The main theme shared among contrarian investors over the past few months: stock market bubble. Former Texas Republican Congressman and three-time presidential candidate Ron Paul has joined the growing number of investors who think a bubble is … [Read more...]

Millions of Americans facing debt collectors for unpaid bills

bankruptcy

After spending money they didn’t have, Americans are now left to face tremendous levels of debt. Overall, the country is stuck with a $12 trillion unpaid bill, and the national average household debt is $53,850. This level of debt leads to unwanted … [Read more...]

Marc Faber undeterred that stock market to collapse as much as 30%

US Flags - Public Domain Photo

Boom and then doom. That’s how one contrarian investor is foreseeing the stock market in the coming months. For the past couple of months, Marc Faber, legendary investor and publisher of the Gloom, Boom & Doom Report, contended that the United … [Read more...]

Corporations urged to perform ‘civic duty’ by avoiding inversions loophole

dollar

The political narrative for many years now is that corporations have a civic duty to keep their businesses within the confines of the United States border and to pay the highest taxes possible. Is this a legitimate viewpoint to have if one cites … [Read more...]

Week in Review: Jul. 21 to Jul. 27

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: Should the workforce transition to a three-day work week? Spain introduces a 0.03% tax on all bank … [Read more...]

Alan Greenspan: Federal Reserve can’t prevent market bubbles, blames human nature

Alan Greenspan

What happened to Alan Greenspan? Before helming the Federal Reserve System, Greenspan was an objectivist, a student of Ayn Rand, a proponent of sound money and the Gold Standard and a critic of central economic planning. When he entered the Fed, he … [Read more...]

Review: Examining the U.S. economy’s ‘Great Deformation’ with David Stockman

corruption of capitalism

The Great Recession, economic collapse, financial crisis or dilapidation of a state – whatever you want to call it – has opened up the eyes of many. Millions of Americans have finally come to the realization that the government, the Federal Reserve … [Read more...]

Video: WWII did not end the Great Depression

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Last month, the Corbett Report posted a video entitled “No, WWII Did Not End The Great Depression.” The near eight-minute video provides an insightful look into how the war between the West and Nazi Germany didn’t obliterate the Great Depression and … [Read more...]