Archives for May 2014

Infographic lists 8 financial tips to improve your bank account

Whether there is a financial downturn or the economy is improving, it's always important to incorporate money saving tips to ensure that you're protected no matter what the economic climate is. This infographic takes a look at eight financial … [Read more...]

Peter Schiff: No one is buying gold with bitcoins at Euro Pacific Metals

Peter Schiff's Euro Pacific Capitals made headlines when it announced a partnership with BitPay to process bitcoin transactions for gold and silver bullion. This story went viral because Schiff has previously lambasted the peer-to-peer decentralized … [Read more...]

Stanley Fischer sworn in as member of Federal Reserve’s board of governors

Stanley Fischer, a former governor at the Bank of Israel, chief economist at the World Bank and deputy managing director of the International Monetary Fund (IMF), was sworn in Wednesday as a member of the Federal Reserve’s board of governors, though … [Read more...]

Is Obamacare hurting Americans’ retirement plans?

Over the past couple of years, we have reported on numerous studies, articles and reports that have highlighted how President Obama’s Affordable Care Act (ACA), otherwise colloquially known as Obamacare, will lead to higher medical costs and … [Read more...]

Global derivatives market reaches $710 trillion

Since the United States was held hostage during the tumultuous financial crisis a few years ago, Wall Street’s biggest financial institutions have gotten bigger. Over the past five years, the six largest U.S. banks’ assets have grown 37 percent with … [Read more...]

Jim Rogers regrets not investing in bitcoin in the early days of virtual currency

Jim Rogers, a legendary investor and chairman of Rogers Holdings, spoke with China Money Network on Monday to discuss a wide variety of economic issues, such as geopolitical risks, Chinese monetary policy and artificial liquidity. One particular … [Read more...]

ECB policymaker warns central banks on verge of currency wars

Unless central banks across the globe cooperate and they take into account exchange rates in monetary policy, the European Central Bank (ECB) and other banks could be embroiled in devastating currency wars in the near future, says ECB policymaker … [Read more...]

Week in Review: May 19 – May 25

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: Ben Bernanke: No need to reduce $4 trillion Fed balance sheet Ron Paul says tax reform can only … [Read more...]

Marc Faber thinks a 20% collapse in market is coming

Marc Faber, legendary contrarian investor and editor of the Gloom, Boom & Doom Report, is continuing his bearish ways on the United States stock market and overall economy as he believes U.S. stocks are overvalued. "I don't regard this as a … [Read more...]

Labor market in crisis as half of unemployed have stopped looking for work

So much for the labor market recovering… A new poll conducted by Express Employment Professionals found that 47 percent of unemployed Americans have quit looking for work, while 82 percent stated that they are “becoming more discouraged the longer … [Read more...]