Archives for January 2016

Week in Review: Jan. 25 to Jan. 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: War on Cash: Norway’s biggest bank wants a cashless society because of crime Report says Russia’s … [Read more...]

Michael Bloomberg for president? And other reasons to fear for humanity this week

It's true. We're all just a bunch of babies. Here are reasons to fear for humanity's future from this past week's headlines: Michael Bloomberg May Run for President  Former New York City Mayor Michael Bloomberg was the personification of a … [Read more...]

Watch: Rand Paul asked about Ron Paul, liberty vote going to Ted Cruz

Kentucky Republican Senator Rand Paul pretty much shunned his father at the start of the presidential campaign. He tried to separate himself from Ron Paul and cozy up with the establishment GOP, especially with Mitch McConnell. Paul declared that he … [Read more...]

5 random things for a Friday (UK’s property boom, is oil really cheap?, an Ayn Rand quote))

News Story of the Day: In the United Kingdom, the property boom is now larger than the 2007 housing bubble in the United States. Those are the words from Bank of England (BoE) governor Mark Carney, who noted that he's concerned about the rise in … [Read more...]

Goldman Sachs warns Brazil economy will worsen amid rising inflation, political corruption

As the world focuses on the weak United States economy, the collapsing Chinese economy and the tepid European economy, there is one area that investors should start honing in on: Brazil. After a wave of economic growth, Brazil is on the cusp of … [Read more...]

Brazil’s Easy-Money Problem

By: Lucas Vaz Brazil is undergoing what is considered its worst economic crisis in seventy years, and there is usually no agreement when it comes to the causes of this situation. President Rousseff and the Labor Party say that it was the corollary … [Read more...]

Chart shows PBOC, government trying to regulate Chinese stock market

The chart below may be too complicated to fathom, but it's a glimpse inside the mind of a central planner, or a government. Friedrich Hayek would have had a field day with this kind of chart as he had written on numerous times about the dangers of … [Read more...]

Report: U.S. budget deficit, debt set to soar after Obama exits White House

Did you hear? The United States economy is all rosy, the fiscal picture in Washington is superb and, according to former House Speaker Nancy Pelosi, the cupboard is bare and there is nothing left to cut. President Obama and his supporters usually … [Read more...]

Donald Trump wants U.S. economic bubble to pop before he becomes president

At this point in the primary cycle, Donald Trump is likely to be the Republican nominee. As far as becoming president, that will go to statist-in-waiting Hillary Clinton. But if Trump pulls of the miraculous win and defeats Clinton come Novermber, … [Read more...]

End of cash AND end of plastic? JPMorgan installing card-free ATMs

The end of cash is one of the biggest trends happening all over the developed world. The logical conclusion is that cash will be replaced by plastic. Not so. In fact, the next trend could be the end of plastic as well. Later this year, JPMorgan … [Read more...]