Most financial experts and the talking heads on CNBC expect the price of gold to fall this year. They said the same thing last year and it ended the year pretty much the way it started: around the $1,200 mark. A lot of economists at financial institutions now predict the yellow metal will fall to […]
Archives for January 2015
A look at how rich Elizabeth Warren really is
Here is a direct quote from Massachusetts Democratic Senator Elizabeth Warren, who has been in the news quite a lot this past year, particularly for her condemnation of Wall Street, the big banks and the government being the facilitator of helping the rich get richer: “Today the game is rigged—rigged to work for those who […]
Federal Reserve paid nearly $100 billion to U.S. Treasury in 2014
Last year, the regional Federal Reserve banks paid $98.7 billion in profits to the United States Treasury, which is an all-time record for the U.S. central bank. In fact, this actually tops the previous 2012 record of $88.4 billion as well as the $79.6 billion the 12 regional banks paid back to the federal government […]
Week in Review: Jan. 5 to Jan. 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: Chart: A look at how price inflation has soared since 2000 Interesting Data: 7.7% of Americans don’t have a bank account because of money, distrust Larry Summers: U.S. […]
As economists celebrate jobs numbers, labor force participation rate falls again
The White House and Wall Street are celebrating as the official unemployment rate fell to 5.6 percent as non-farm payrolls rose 252,000 last month. The jobless rate now stands at a 6-1/2 year low, but a lot of people are finally acknowledging that much of the decline can be attributed to the fact that many […]