Week in Review: Jun. 29 to Jul. 5


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: The audacious words of Greek PM Alexis Tsipras Video: LearnLiberty explains ‘Everything Has Its … [Read more...]

Happy Fourth of July to all of our readers!


To all of our dedicated and loyal (or new) readers, we would like to wish you a Happy Fourth of July! We hope you have a wonderful time with your family, friends and fellow Americans. … [Read more...]

How the U.S. government, Federal Reserve can take a lesson from George Costanza


In an episode of "Seinfeld" entitled "The Opposite," George Costanza decides to do the opposite of everything he has ever thought of or done. Instead of tuna on toast and coffee, he has chicken salad and a cup of tea. Throughout the episode, he … [Read more...]

U.S. labor force participation rate falls to 1977 levels at 62.6%


The Federal Reserve may continue to sell the fallacious idea that the labor market is improving, but public data suggest quite the contrary. In fact, after weak April and May jobs reports, and a lower-than-expected June jobs payroll report, we have … [Read more...]

Chart: U.S. debt-to-GDP to reach Greek levels by 2035

treasury national debt

The whole world is watching the financial events unfolding in the island nation of Greece. After years of socialist-style governing, Athens finally crumbled and is now on the brink of total ruin. If the country changes moving forward, however, it … [Read more...]

Jim Rogers: Greece should ‘just go ahead and go bankrupt’, no one will remember in three months


Greece will default to the International Monetary Fund and will be on its own financially beginning Tuesday (SEE: Breaking: Greece will default to IMF on Tuesday). One financial guru believes the European country should just face the inevitable and … [Read more...]

Breaking: Greece will default to IMF on Tuesday


It's official: Greece will not pay back the 1.5 billion euros it owes to the International Monetary Fund. Instead, it will default to the IMF on Tuesday. A spokesperson for Finance Minister Yanis Varoufakis confirmed to CNN the payment would not … [Read more...]

Do you want to ban the United States flag? These people do


In light of many state governments and companies removing themselves from being involved with the Confederate flags because of its association with racism, a lot of people are asking questions: what about the United States flag? Under the U.S. … [Read more...]

Puerto Rico Governor: $72 billion debt ‘is not payable’


“The debt is not payable,” warned Puerto Rico Governor Alejandro García Padilla. Governor Padilla sat down with the New York Times and simply stated that the $72 billion in debts cannot be paid back. "There is no other option. I would love to have … [Read more...]

Video: LearnLiberty explains ‘Everything Has Its Price’


If you ever watched professional wrestling in the early 1990s then you may remember Ted DiBiase, the Million Dollar Man who famous claimed "everybody has a price." Well, in this case, everything has a price, and that's a good thing says LearnLiberty, … [Read more...]