This Halloween, be afraid, be very afraid…of the national debt. This year marks the second annual Halloween edition of Economic Collapse News’s “scary facts about the national debt.” Last year, it was one of the most popular articles during the season, which was also just before the presidential election, a campaign that essentially guaranteed both […]
Archives for October 2013
Taxpayers lost $9.7 billion on bailout of General Motors
In a report issued to the Congress by the Special Inspector General of the Troubled Asset Relief Program (TARP), it was stated that the United States Treasury’s 2009 bailout rescue of General Motors has lost about $9.7 billion of the near $50 billion thus far. As of Sept. 13, 2013, the U.S. owned approximately 101.3 […]
Poll finds Canadians still facing high debt levels, average reaches nearly $16,000
With record-low interest rates, easy access to credit and the consuming beast still within all of us, it is understandable that the debt problem is still prevalent for millions of households in the Great White North. The Royal Bank of Canada (RBC) published the results of a new poll that found debt levels are rising […]
Physical gold demand spikes, central banks to add $15 billion this year
Exiting Federal Reserve Chairman Ben Bernanke doesn’t understand gold or its prices – this is apparent considering that he feels printing money forever is a superb monetary policy. Despite the drop in gold prices this year, physical gold demand is up and one of the leaders is central banks. The United States Mint website suggests […]
Report finds U.S. lags in math, reading despite immense education spending
In the United States, the average cost of a four-year degree can range anywhere from $15,000 to as high as $60,000. This is an astronomical sum and mostly funded through federal and state government student loans. The data shows that more Americans are completing their college and university degrees, but that does equate to intelligence […]