Archives for May 2015

Week in Review: May 25 to May 31

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: Janet Yellen is Right: She Can’t Predict the Future ‘Kiss your pension fund goodbye’? Economist warns … [Read more...]

Chart: Venezuela’s inflation rate is skyrocketing to 500%

The socialist paradise Venezuela has an inflation problem. Well, in fact, it has a lot of problems. But inflation is definitely a crucial issue in the Latin American country. Although the government states that inflation is at only 50 percent, one … [Read more...]

Video: How tobacco companies, anti-smoking groups have become ‘an unhealthy alliance’

Anti-smoking groups have long campaigned and lobbied Washington to tax and/or ban tobacco cigarettes. Public officials acquiesced to these demands. Fast forward to the present, anti-smoking groups are now campaigning and lobbying Washing to … [Read more...]

DOD personnel charge taxpayers $3.2 million on casinos, strip clubs

When you look up government in the dictionary, one of the definitions is waste of taxpayer dollars. Well, that's not exactly true, but perhaps in the future that's what government will mean. Over the years, there have been numerous circumstances … [Read more...]

Top Fed Official: Banks must fail to restore market discipline

Humph. This seems like a first. One top Federal Reserve official encouraged policymakers to ensure it does not bail out financial industry creditors and to let them fail in order to restore market discipline. Jeffrey Lacker, president of the … [Read more...]

Half of U.S. college students, grads relying on bank of mom & dad

We're in the midst of the graduating season for high schoolers and college students. We're also in the midst of a time when new graduates realize they're dead broke, deeply in debt and have to turn to the bank of mom and dad for their day-to-day … [Read more...]

Video: Milton Friedman on the trend away from freedom

Just how much was economist Milton Friedman ahead of his time? This video succinctly shows just how astute Friedman was when it came to the dangers of government. The 1978 speech highlights the erosion of options Americans have and how the government … [Read more...]

Goldman Sachs tells us what we already know: the world is drowning in debt

For years now - thanks to record-low interests, quantitative easing and stimulus plans by governments and central banks - the world has been suffocating in debt. From governments to households, it seems every region of the globe is just drowning in … [Read more...]

An important statistic for Janet Yellen: Rents are higher

Zillow released a new report last week and made an important discovery: rents in April were four percent higher than the previous year. This is the fastest increase in two years and actually outpaced home prices, which grew by three percent. The … [Read more...]

David Stockman: ‘It’s a coup d’etat, the central banks have taken over’

David Stockman, former Reagan budget director and bestselling author of "The Great Deformation," delivered an excellent statement that should have all of us shaking in our boots: "It's a coup d'etat, the central banks have taken over - … [Read more...]