Socialism: a way of organizing a society in which major industries are owned and controlled by the government rather than by individual people and companies. That is how Merriam-Webster defines this evil word. Socialism also happens to be the most looked-up word on the dictionary website in 2015. Thanks to the presidential campaign of Bernie […]
Archives for December 2015
Week in Review: Dec. 14 to 20
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: Chris Christie wants Federal Reserve to raise interest rates David Stockman warns ‘end of the bubble does begin on December 16′ Thanks Janet Yellen: Half of U.S. renters […]
5 random things for a Friday (Canada’s consumer debt, minimum wage/joblessness, Clinton’s laugh for 10 hours)
News Story of the Day: Canadians’ love affair with debt is continuing and set to rise in 2016, says a new report from CIBC. Households in the Great White North will finish off 2015 with record-high debt levels, and this level of debt will swell in 2015. Despite the growing amount of debt, a lot […]
Peter Schiff warns next Federal Reserve move will be return to QE amid 2016 recession
After the Federal Reserve increased interest rates on Wednesday, Chair Janet Yellen announced that the central bank projects rates will rise to 1.375 percent by the end of 2016, 2.375 percent by the end of 2017 and then 3.25 percent in 2018. It also noted that it doesn’t know when it can offload its $4.5 […]
Jim Rogers: Fed rate hike is insignificant, won’t help U.S. economy
The stock market hasn’t collapsed yet, and ostensibly central bankers are giving themselves a pat on the back after raising interest rates by 25 basis points Wednesday. As economists and financial minds are jubilant, one contrarian billionaire investor isn’t as enthusiastic, and thinks it spells doom for the United States dollar. Jim Rogers, chairman of […]