For the next several days, media pundits, politicians and anti-poverty organizations will continue to discuss a new Oxfam International report released Monday that suggests more than half of the world’s wealth will be owned by the one percent by 2016. According to the report, the world’s wealthiest people saw their share of the planet’s money […]
Archives for January 2015
Week in Review: Jan. 12 to Jan. 18
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: Federal Reserve paid nearly $100 billion to U.S. Treasury in 2014 A look at how rich Elizabeth Warren really is (hot) Peter Schiff offers a ‘State of the […]
Federal Reserve manipulated boom creating another dot-com bubble
The excessive money-printing that has been prevalent in the United States economy for years is now seeping into various sectors and creating bubbles. One of these areas of the economy is the tech sector, which is being pumped with vast sums of venture capitalist dollars. New data published by the National Venture Capital Association and […]
Marc Faber: Gold to rally 30%, S&P 500 will collapse when it hits 2,500
Similar to last year, the price of gold has started off the year strong. Since the start of 2015, the yellow metal has climbed about $50 and is currently trading at just over $1,262. After two consecutive years of sitting around the important $1,200 threshold, will 2015 be the year for precious metals? Marc Faber […]
Chart: Share of part-time workers continues to increase amid Obamacare
One of the widespread effects of President Obama’s Affordable Care Act (ACA) is its impact on low-wage, service-sector employees. The longtime warning was that it would prompt companies to slash its workers’ hours to under 29 because then they’d be exempt from offering health insurance. The chart below (via fivethirtyeight.com) shows the share of all […]