Bitcoin Enemy No. 1? Robert Shiller says cryptocurrency is a ‘fad’

Since JPMorgan CEO Jamie Dimon has decided to keep quiet about the peer-to-peer decentralized virtual currency, the bitcoin community may have a new enemy in their sights: Robert Shiller. Speaking in an interview with CNBC, economist and Nobel … [Read more...]

Goldman Sachs gives gold the edge over bitcoin, other cryptocurrencies

Let's be honest: 2017 has not been a good year for Goldman Sachs. They have pretty much gotten everything wrong this year, whether it is stocks or industry analysis. But they may have finally gotten something right in 2017. Bloomberg reports … [Read more...]

Koch Brothers, Republican donors want to ignore deficits in Trump tax reform

Deficits don't matter! That has been the Republican Party's official mantra when holding power in Washington. Of course, when they're out of power, the GOP slams budget deficits. Under President Donald Trump and the Republicans' tax reform … [Read more...]

Julian Assange thanks U.S. government for 50,000% return on bitcoin

Bitcoin has been surging in recent years, topping $5,000 last week. For many early investors, they have made a killing, but for many investors who have just gotten into the game, it can be a bit risky. One of the earliest adopters of the … [Read more...]

5 random things for Friday (Norway’s Tesla Tax, Stockman on Iran, inequality myths)

News Story of the Day: the Norwegian government is considering adopting a new tax for consumers of electric cars that weigh more than two tons. Ostensibly, this would only impact Tesla for the time being, which means that those expensive electric … [Read more...]

How Much Do Central Banks Cost Us?

By: Karl-Friedrich Israel A classic argument for central bank controlled fiat money goes like this: a commodity such as gold is very costly to produce. All the resources, capital, and labor devoted to mining gold for monetary purposes could be … [Read more...]

As bitcoin tops 5k, Jamie Dimon will no longer talk about bitcoin

It is safe to say that JPMorgan CEO Jamie Dimon is public enemy No. 1 in the bitcoin community. The Wall Street executive has said many things about the peer-to-peer decentralized virtual currency, much of it negative. It is a bubble, it is worse … [Read more...]

Ron Paul: Will Trump’s Tax Reform Increase or Limit Liberty?

By: Ron Paul President Trump and the congressional Republican leadership recently unveiled a tax reform “framework.” The framework has a number of provisions that will lower taxes on middle-class Americans. For example, the framework doubles the … [Read more...]

Week in Review: October 2 to October 8

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: 7 reasons why Spain doesn’t want Catalonia independence The Market Speaks: Number of #TakeaKnee NFL … [Read more...]

Is it time for Puerto Rico to default?

By: Peter G. Klein Donald Trump caused a stir this week by suggesting that Puerto Rico's massive $73 billion public debt should be "wiped out." Puerto Rico narrowly avoided default with an interest payment this summer but the debt is a huge … [Read more...]