You work hard for your money…so you better fork it over to the federal and state governments. The Tax Foundation released a new report Monday that concluded Tax Freedom Day takes place 111 days into 2014 on Apr. 21, which is up three days from a year ago because of the slow economic recovery. If […]
Archives for April 2014
Inflation rate exceeding 50% in Venezuela
It seems the socialist’s model of a utopia is crumbling at the seams. Venezuela, a country torn apart and facing immense shortages of basic food items, toiletries and medicine, is facing daily violent protests on the streets, ration cards and political suppression persisted by the Nicolas Maduro administration, a policy that was quite common under […]
Week In Review: Mar. 31 to Apr. 6
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: Michael Lewis: ‘United States stock market is rigged’ Janet Yellen admits U.S. labor market is worse now than in recession Is a flat tax the answer to America’s […]
Marc Faber: Fed is source of all bubbles, will burst in three years
From bonds and stocks to farmland and bitcoins, Marc Faber, the publisher of the Gloom, Boom & Doom Report, has said before that the United States market is “in a massive speculative bubble” that will eventually pop. The bubbles exist because of the Federal Reserve’s excessive money printing schemes. Faber repeated those sentiments in an […]
Cartoon: Yellen will save Obama’s car wreck with more money
This cartoon was completed by Lampoon the System and commissioned by Euro Pacific Capital. It sums up pretty much what other critics of the Federal Reserve and Obama administration feel about the economy and monetary policy.