Since the last time it reported its holdings of gold, which was in 2009, at height of the economic collapse, China’s gold reserves have soared 57 percent. According to the Wall Street Journal, the People’s Bank of China (PBOC) announced Friday it maintains 53.32 million troy ounces of the yellow metal in its reserves. The […]
Archives for July 2015
Robert Wenzel releases video on definition of economics, government economic policy
Robert Wenzel is the editor and publisher of EconomicPolicyJournal.com. In this video, he offers his critique on CrashCourse.com and outlines his definition of economics, specialization and government economic policy. Wenzel right away refers to economist Ludwig von Mises and his definition of economics, which he says is a sub-category of praxeology, a study of human […]
Week in Review: Jul. 13 to Jul. 19
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: Guest Post: Is It Time For An Amazon-style Smoke Shop? Paul Krugman admits high minimum wage hurts economies GOP Congressman to Fed Chair Janet Yellen: ‘You did absolutely […]
Peter Schiff gets into shouting match with trader on CNBC
Peter Schiff, CEO of Euro Pacific Capital, got into a shouting match with a trader who was a little bit hot under the collar over Schiff’s remarks about the Federal Reserve not raising interest rates and perhaps introducing another round of quantitative easing. Speaking during CNBC‘s “Futures Now,” Scott Nations accused Schiff of living off […]
June the biggest month of IPOs since dot-com bubble in Aug. 2000 – is a crash imminent?
The money printing madness has seeped into the markets, and is now bringing us a modern update to the dot-com bubble. Earlier this month, Renaissance Capital posted an important chart on its blog. This chart highlighted the immense number of initial public offerings (IPOs) in each month since 1999, a year of the dot-com, tech […]