In an email to Economic Collapse News, Grant Cardone, bestselling author and finance expert, explained that it is time to eliminate the IRS and switch to a flat tax. Cardone, who has appeared on all of the major news networks, listed five primary reasons to get rid of the IRS: – Tax code is too […]
Archives for June 2013
Report finds more than half of subsidized green automakers have shut down operations
It appears if a company focuses on green products or services then it should not seek funding from the federal or state governments in order to survive. Why? Past reports show that they keep closing down. The latest report from a Jalopnik investigation found that more than half (56 percent) of green automakers have either […]
5 budget items to cut to help avoid fiscal collapse
The United States national debt is approaching $17 trillion and interest payments are projected to hit $763 billion in the next 10 years – considering the interest rates remain the way they are today, which is doubtful because of the Federal Reserve’s disastrous monetary policy (see here for further explanation on this topic). Neither the […]
‘Abegeddon’ leading to high risks of stagflation in Japan: UBS
After entering into office, Japanese Prime Minister Shinzo Abe, alongside Bank of Japan head Haruhiko Kuroda, announced an aggressive monetary policy to stimulate the economy and end deflation. Known as “Abenomics,” the government has essentially followed the practices of the Federal Reserve and its chairman Ben Bernanke. The government has undertaken several measures in the […]
Audit finds IRS spent $49 million on conferences, GSA spent $29 billion in credit card charges
As part of the General Services Administration’s (GSA) SmartPay program, there are more than 3.5 million charge card accounts for federal government employees. It is currently the largest credit card program in the world because it works with 350 federal agencies and other organizations and the cards are issued through the U.S. Bank, JP Morgan […]