Archives for November 2013

Sorry, Pope Francis, capitalism and free markets help the poor more than government

The latest fad in the world today seems to be lambasting capitalism and free markets. Any time someone speaks in favor of capitalism and free markets, opponents tend to label them as individuals who detest poor people, are racist and devour babies. … [Read more...]

200 retailers offering bitcoin deals for Black Friday

It’s that time again: Black Friday. This day usually portrays the American consumer feeding in useless items that they do not even need. There have been many videos over the past few years depicting these customers fighting each other, screaming for … [Read more...]

Infographic: Is there a retirement crisis?

The retirement crisis has been widely reported on this website over the past year. Whether it's inflation, debt, jobs or the rising cost of living, a lot of Baby Boomers entering retirement will have a difficult time in these golden years. However, … [Read more...]

Peter Schiff says bitcoin has no intrinsic value

Economic Collapse News reported Monday about Federal Reserve Chair Ben Bernanke's take on virtual currencies, such as bitcoins. Now, Peter Schiff, president of Euro Pacific Capital, brings his views on bitcoin in this new 12-minute video titled … [Read more...]

Ben Bernanke on virtual currencies: They ‘hold long-term promise’

Last week, exiting Federal Reserve Chair Ben Bernanke penned a letter to United States senators to give his thoughts on bitcoin and other virtual currencies. Bernanke has distanced himself from the topic for years, but has now come out confirming … [Read more...]

Ron Paul speculates Janet Yellen’s Fed appointment may be behind Senate rule change

Texas Republican Congressman Ron Paul appeared on the Fox Business Network on Thursday to discuss the rule change in the Senate that has been deemed “radical” by both opponents of measure and the three-time presidential candidate. Dr. Paul also … [Read more...]

Senate Banking Committee approves Janet Yellen as Fed Chair; 14 to 8

Janet Yellen’s move to become the very first woman to head the Federal Reserve System has inched closer Thursday as the Senate Banking Committee voted 14 to 8 in favor of Yellen. Her nomination will now be sent to the Senate for a full vote and is … [Read more...]

Video: Healthcare.gov crashes in front of HHS Secretary Kathleen Sebelius

Health and Human Services Secretary Kathleen Sebelius got a first-hand look at Americans attempting to sign up for insurance at Healthcare.gov. What was meant to showcase Sebelius and the website in a positive light actually backfired because it went … [Read more...]

Federal Reserve minutes reveal QE tapering ‘in coming months’

Policymakers at the Federal Reserve stated in a meeting last month that it will begin to taper its $85 billion per month quantitative easing initiative “in the coming months.” The officials discussed whether or not to pull back its bond-buying … [Read more...]

OECD urges Bank of Canada to double interest rates by 2015

Since Sept. 2010, the Bank of Canada has kept its interest rates at a fixed one percent. Experts say this policy, instituted by ex-central bank head Mark Carney, has led to one of the most stable and heightened borrowing countries in the world … [Read more...]