For quite a while now, Americans haven’t necessarily been known as savers. Instead of setting aside at least 10 percent of their income for a rainy day or retirement, they buy large televisions, upgrade their homes unnecessarily and purchase a new car they don’t even need. They just don’t save. According to this month’s Gallup […]
Archives for April 2014
Government wants your money – Property tax collections on the rise
The government needs money and fast. Since it doesn’t create anything, the only way it attains money in its coffers is to use force and take it from the citizenry. For the past several years since the economic collapse and Great Recession, government has been ramping up efforts to get its piece of the pie. […]
Dilbert Is Right: Business (or government) travel is a waste of time
Scott Adams produced another hilarious cartoon of Dilbert on Monday. The strip’s manager announced that the travel budget had been frozen so the company can meet its income estimates in the quarter. Dilbert responded: “Is that because all business travel is a waste of time or because we no longer care about long-term profitability?” In […]
Week in Review: Apr. 14 – Apr. 20
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: J.P. Morgan warns of rampant global price inflation Charles Barkley must read Henry Hazlitt to understand the concept of ‘tipping’ Marc Faber: 1987-style stock market crash will occur […]
How does the stock market work? Infographic explains
We report on a lot of economic, financial and business news, but have you ever wondered how exactly the stock market works? The financial hub affects everything from what you pay at the grocery store to your retirement accounts. On a quintessential level, this infographic provides readers with a very basic explanation. Explore more visuals […]