Pope Francis further showed that he doesn’t really understand economics, politics or even the current financial system. This was depicted Friday when the Pope urged governments worldwide to heighten policies that redistribute wealth to the poor in order to end the “economy of exclusion.” He made the comments in Rome to United Nations Secretary of […]
Archives for May 2014
Bitcoin Foundation members resigning, citing opposition to Brock Pierce
Bitcoin is going through a number of changes in order to gain legitimacy, such as embracing government regulations as opposed to fighting them and promoting bitcoin as a payments system rather than as a virtual currency, though this has been fiercely debated in the bitcoin community. One of the latest additions to bitcoin is Brock […]
No, Cathy Reisenwitz, libertarians aren’t racist – statists are
Since the (serious) rise of the liberty movement in 2007 and 2008 when Ron Paul ran for United States president, libertarians have been accused of being racist. Whether it’s from Democrats who think it’s discriminating to support private property rights or Republicans who think it’s racist to endorse the right to secede, libertarians are constantly […]
Week in Review: May 5 to May 11
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: Will the NBA hold Jay-Z to the same standard as Donald Sterling? Jim Rogers: Fed’s QE has been a ‘disaster’ for everyone, time to buy gold The minimum […]
Nouriel Roubini says ‘we’re in the beginning of credit bubble’
New York University economist Nouriel Roubini is presenting the case that the United States is “in the beginning of credit bubble,” alluding to signs that the debt market is overheating and the financial similarities between now and the start of the economic collapse. Roubini believes the Federal Reserve, which has been continuing with its tapering […]