Archives for June 2013

7 reasons why the economic collapse will be catastrophic for middle class Americans

The collapse of the United States economy in 2007 and 2008 was catastrophic to the middle class and the poor. Although Wall Street and the Washington elite benefitted from the demise of the overall economy, the state of the U.S. isn’t bright, but … [Read more...]

‘Taxpayer advocate’ argues IRS should receive more funding amid scandals

Over the past several weeks, the Internal Revenue Service has been involved in a lot of controversies. One of them includes the IRS targeting certain conservative or anti-government organizations; while the other has been IRS employees abusing … [Read more...]

Americans disengaged with their work costing U.S. $450 billion a year: report

Not everyone is happy waking up at 7 a.m. on a Monday, hitting the concrete jungle and then sitting at their desk performing their paid duties until 5 p.m. and then heading back home on packed buses, trains or trams and then getting ready for bed. … [Read more...]

Hike in interest rates to become major burden on national debt, budget deficit

For years, warnings that any increase in interest rates would severely affect the payments made on the national debt and budget deficit have been ignored by most Washington insiders. Many public officials, both Republican and Democrat, paid no … [Read more...]

Poll finds economic collapse causing 76% of Americans to live paycheck-to-paycheck

Times might not be tough for government officials and those on Wall Street, but the difficult economic climate is taking a toll on most Americans. A new survey found that more than three-quarters (76 percent) of Americans live paycheck-to-paycheck … [Read more...]

5 (libertarian) candidates who could replace Bernanke as head of the Federal Reserve

If there’s one thing that governments at all levels and central banks do quite well it’s turn a bad situation into an even worse one. Whether it’s social issues, the economy or monetary policy, both entities, which have already done a terrible job in … [Read more...]

Federal Reserve says QE3 will come to an end next year

Following a two-day policy meeting, Federal Reserve Chairman Ben Bernanke confirmed at a news conference Wednesday that the central bank could slow down its aggressive bond-buying initiative by the end of the year and completely exit in the middle of … [Read more...]

Report: Experts say Federal Reserve won’t begin to taper QE3 until December

The financial markets have fluctuated over the past month because Federal Reserve Chairman Ben Bernanke hinted that he may begin to taper off the latest round of quantitative easing if the data suggested the economy was improving – he also said it … [Read more...]

Graphic: Conservatives in 2006 vs. Conservatives in 2013

This graphic was forwarded to Economic Collapse News on Tuesday and it's a pretty telling picture of the conservatives and Republicans from 2006 to today. Although this graphic is related to the NSA fiasco and unconstitutional practices, it is very … [Read more...]

Ron Paul: Gold will ‘go to infinity’ because dollar will collapse

In an interview with CNBC on Tuesday, retired Texas Republican Congressman and three-time presidential candidate Ron Paul talked about gold prices and where he sees it heading over the next little while. Dr. Paul did not mince his words and stated … [Read more...]