Subzero interest rates may not arrive in the United States with rampant price inflation looming in the background. But if they do become implemented by the Federal Reserve, one iconic billionaire investor is warning to take your money out of the banks and place it under the mattress. Speaking in an interview with CNBC on […]
Archives for May 2016
How Brexit Could Help All of Europe
By: Ferghane Azihari The United Kingdom (UK) is about to hold a referendum on June 23rd on whether it should leave or remain within the European Union (EU). Once unthinkable, the “Brexit” is becoming more and more plausible. It is seen by the mainstream media as a factor of uncertainty in Europe. For its critics, […]
5 reasons why the economic collapse of Puerto Rico happened
Puerto Rico Governor Alejandro Garcia Padilla confirmed that it will default on a $422 million payment Monday. He has been urging for a bailout from the Congress, warning that further defaults will lead to ruin for the commonwealth. Currently, Puerto Rico is $72 billion in debt, and the governor has repeatedly said that it will […]
Week in Review: Apr. 25 to May 1
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: Video: Why does private investment work when government investment flops? China’s launch of yuan gold benchmark means economic powerhouse relying less on U.S. dollar Yikes! Bank of Japan […]