We’re still more than a year away from the United States presidential election, but that shouldn’t stop you from improving upon your civics education. Every four years, the population often wonders why electoral college voters matter more than the national popular vote. The electoral college is usually vilified by the party that loses – so […]
Archives for May 2015
1% of bitcoin community controls 99% of bitcoin wealth
For years now we have constantly heard that the one percent in the world controls 99 percent of the wealth. The discussion has become so nauseating since Occupy Wall Street because of the political ideologies and “solutions” usually put forward following the endless citations of statistics. With every single economic news story, there is always […]
Week in Review: May 11 to May 17
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: The Bubble Everything: Picasso painting could set auction record at estimated $140 million Millionaire Congressman: Impoverished Americans are ‘envy of the world’ (hot) Video: How government policies hurt […]
Peter Schiff still sees gold soaring to $5,000, Fed launching QE4
A few years ago, Peter Schiff, CEO of Euro Pacific Capital, predicted that gold would skyrocket to around $5,000 per ounce. He cited a weak economy, quantitative easing and price inflation as reasons for this immense surge. Everyone laughed, but is this a case of “he who laughs first, laughs last”? Unfortunately, the yellow metal […]
Chart: State of the U.S. economy according to the Federal Reserve
With nearly half of 2015 over, it’s time we took a look at just how the United States economy is performing. The Federal Reserve maintains an “at a glance” tool that gives visitors a glimpse into the U.S. economy. When it comes to the labor market, it’s quite apparent that the Fed-manipulated boom is running […]