The appetite for debt among United States consumers continues to be colossal, despite suffering from the economic collapse a few years ago that left millions of households financially paralyzed. With the U.S. economy in the “boom phase” right now, Americans are seeking out greater debt levels to fund their extravagant (unaffordable) lifestyles. In the month of December, consumers expanded their […]
Archives for February 2015
Survey: Gas prices jump 13 cents per gallon, projected to go higher
The price of gasoline per gallon continues to inch higher, a trend that may befuddle motorists over the coming months. According to a new Lundberg Survey released Sunday, the average price of gasoline in the United States rose 12.72 cents to $2.1963 per gallon. The survey covers the period that ended Feb. 6 and this […]
Week in Review: Feb. 2 to Feb. 8
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: Wall Street-Washington connection ramped up since economic collapse (hot) Marc Faber to Investors: ‘Find a way to short central banks’ (hot) Gas prices rising again after hitting […]
Study: Global public debt levels grew by $57 trillion since economic collapse
For federal and state/provincial governments worldwide, the way to stimulate their respective economies at times of a financial crisis and the Great Recession has been to rev up public spending exponentially. This Keynesian economic model proved to be quite the dismal failure considering the enormous debt levels that governments have accumulated since 2007. When interest […]
Throwback Thursday: Ron Paul opposes free trade agreements on CNN in 2008
It was during the 2008 presidential election campaign that then-Texas Republican Congressman Ron Paul gained widespread public exposure. Despite the media outlets attempting to silence the “Champion of the Constitution,” his line of reasoning was too much to ignore and his contradictory statements to the status quo were enlightening. A great segment from 2008 depicts […]