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: Ron Paul: U.S. needs ‘a revolutionary change in our economic thinking’ (hot) David Stockman on Obama’s 12.8 million new jobs claim (hot) Interesting comment from EPJ’s Robert Wenzel […]
Archives for July 2015
Chinese stock market loses $3.25 trillion in a month – is China on the verge of an economic collapse?
The Chinese stock market has shed $3.25 trillion (and counting) since June 12. “I know people who sold their houses to invest in stocks. Now they’re finished,” one man told CNN outside a Shanghai brokerage. See Also: Ron Paul: U.S. needs ‘a revolutionary change in our economic thinking’ China’s 25-year-old Stock Market: is this the […]
Peter Schiff: U.S. economy to collapse like Greece if country stays on current path
The United States could become the next Greece, a bankrupt economy and an insolvent government, if the country maintains the current path. When politicians promise the moon without sufficient funding then this is what you get, says Peter Schiff, CEO of Euro Pacific Capital. Speaking in an interview with Newsmax on Monday, Schiff noted that […]
Women don’t get paid as much as men in sports because they don’t draw
Earlier this week, Classical 96.3 FM host Mike Duncan alluded to a report about how the FIFA’s women’s soccer teams get paid less than the men’s soccer teams. This can make any person who understands anything about economics make their skin crawl. In the United States, women earn 40 times less than their male counterparts. […]
Friedrich Hayek’s warning on Nobel Prize given to undeserving economists (hint: Paul Krugman)
This interesting tweet relates to the great economist Friedrich Hayek’s warning about the Nobel Peace Prize for economics. He warned that it would be given to economists who do not deserve it (Paul Krugman is certainly one of them). The entire statement can be read below but one part that truly stands out is this […]