The financial experts who warned us about the impending economic collapse

The number of people who warned of the economic troubles the U.S. economy would endure from 2007 and on was certainly few compared to all of the so-called experts who said everything was fine.  Here is a compilation of several of them including, Ron … [Read more...]

Dollar devaluation or default: Which will the U.S. government choose?

Adjustable mortgage rates got a lot of homeowners in trouble as we saw with the collapse of the housing market.  Now the U.S. government will start using floating rate securities to issue its debt: The U.S. Treasury Department said it plans to sell … [Read more...]

Is retirement for Americans a thing of the past?

A new survey finds that more than forty percent of Americans think they will not be able to retire until their 70s or 80s.  Many Americans do not save sufficiently for retirement and rely too heavily on Social Security, which is intended as a … [Read more...]

9 new Obamacare tax hikes that will cripple the U.S. economy

Much of Obamacare has already been implemented but there are nine new taxes that have not yet gone into effect.  Americans for Tax Reform is out with a report on all the Obamacare taxes that start going into effect in tax year 2013 and … [Read more...]

Why the price of gold won’t collapse

CNBC has come out with an article about why it is unlikely for gold to fall further in price.  There are three principle reasons for this bullish outlook, according to the author: Slowdown in exchange-traded fund (ETF) liquidation Gold rush in … [Read more...]

How the economic collapse is creating more unemployment for college grads

If the unemployment problem wasn't bad enough in America, now even college graduates are facing a tougher time finding jobs in the increasingly weak economy.  CNBC reports: It's not only a bleaker job outlook 2013 graduates face. According to the … [Read more...]

McDonald’s Big Mac tracks inflation better than government CPI

It was recently reported by Economic Collapse News that the government is going to change how the Gross Domestic Product (GDP) is calculated because the numbers don't reflect kindly on the efficacy of government stimulus programs.  Another way the … [Read more...]

U.S. shadow economy estimated to be worth $2 trillion

The Great Recession has caused staggering amounts of unemployment in the United States. With the real jobless percentage in the low to mid-20s, many are desperate and turning to any employment opportunity, even if it’s in the underground economy. It … [Read more...]

Is this the Great Gold Panic of 2013?

The news of the U.S. mint running out of one-tenth ounce Gold American Eagles has led some to believe that there is panic buying in the gold market, as demand for physical gold bullion has been surging relentlessly since the recent decline in … [Read more...]

Symptoms of the economic collapse: Small business and self-employment are in decline

Since the beginning of the economic collapse in 2007 there has been a significant decline in the number of people who are self-employed, and in particular, the number of self-employed people who establish their business as a corporation and have … [Read more...]