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: Austrian Economists – Past & Present (first edition) (hot) Poll: Vietnam, China like capitalism more than U.S. Americans with foreclosed homes still having assets seized, wages garnished (hot) […]
Archives for October 2014
U.S. receives (steals) record high $3 trillion in taxes
At a time when the United States government consistently states that it has to raises taxes in order to raise revenues, a taxpayer has to take a stand back and laugh, particularly with the latest report released Wednesday by the Treasury Department. According to the report, federal tax revenues reached $3 trillion for the very […]
2 important charts that should worry you: food inflation, labor market
For the average person, there are two important economic statistics to always be on the lookout for: food inflation and participation in the labor market. The Federal Reserve has a couple of charts showcasing how high food inflation is and how low the labor force participation rate is. Food inflation has risen substantially in the […]
David Stockman: Federal Reserve’s 2% inflation target rate a ‘con job’
For those who have noticed prices skyrocketing and the value of paychecks eroding it may come as a surprise that the Federal Reserve believes inflation is too low and is sitting below its target rate of two percent. One contrarian economist purports this whole policy is a “con job.” Writing on his Contra Corner blog […]
Federal Reserve QE taper creating market freefall, QE4 may be on the horizon (Peter Schiff right again)
Since the economic collapse, the Federal Reserve System has been the only lifeline for Wall Street. With an aggressive and expansive quantitative easing policy and holding interest rates at record lows, the stock market experienced record gains and more people got rich off of disingenuous wealth. This year, the United States central bank has cut […]