Soon after the economic collapse, seniors, who were on the verge of retiring and sitting on sandy beaches, had to return to the workforce. Their bank accounts were running on empty and their investments were hitting zero. This is a common complaint among millennials: seniors aren’t giving up jobs for the new generation. But this […]
Archives for October 2015
War on Cash: U.S. banks no longer want your large cash deposits
The war on cash continues. The Wall Street Journal published a report over the weekend that talks about how United States financial institutions are viewing big cash deposits as being harmful to their overall financial health. In order to circumvent the threat, the big banks are imposing new rules to dissuade customers from depositing cash. […]
Ron Paul: Debt Ceiling Debate: Don’t Mention Warfare/Welfare State!
By: Ron Paul The US Treasury’s recent announcement that the government will reach the debt ceiling on November 3 means Congress will soon be debating raising the government’s borrowing limit again. Any delay in, or opposition to, raising the debt ceiling will inevitably be met with hand-wringing over Congress’ alleged irresponsibility. But the real irresponsible act […]
Week in Review: Oct. 12 to Oct. 18
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: Nevada brothel willing to pay student loans for new sex workers Economists say odds of a U.S. recession likely in 2016 F.A. Hayek explains why intellectuals drift towards […]
Inflation Alert: Food prices continue to soar in U.S.
There is no inflation if you don’t eat poultry, fish, eggs and other meats. According to the St. Louis Federal Reserve, the consumer price index for all urban consumers in this area has been soaring over the past five years. If you want to talk about income inequality and aiding the poor then you certainly […]