A growing number of millennials in the United States are rejecting capitalism in favor of socialism, says a new study by Victims of Communism Memorial Foundation (VOC) in partnership with research and data firm YouGov. According to the study, 53 percent of American millennials – those born between 1980 and 2000 – have turned against […]
Archives for October 2016
Week in Review: Oct. 10 to Oct. 16
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: 7 key takeaways from new WikiLeaks release The Federal Reserve who cried ‘growth’ Jim Rogers: Global financial system will collapse if Deutsche Bank fails Study: Obamacare penalizes you […]
Video: A look at Milton Friedman’s influence on American society
Legendary free market economist Milton Friedman was good on a majority of economic issues. Unfortunately, when it came to monetary policy, Friedman was dead wrong, though later in his life Friedman wanted to abolish the Federal Reserve. This video takes a look at Friedman’s influence on American society today:
5 random things for Friday (the WikiLeaks edition)
News Story of the Day: in the latest batch of emails from WikiLeaks pertaining to the Hillary Clinton campaign, it was revealed that Clinton told a Goldman Sachs conference that she wants to install defence missiles and warships in the Asian region. Clinton told bankers that she wants China to control North Korea or the […]
Federal Reserve, other central banks causing saving rates to plummet
By: Ryan McMaken The media has again begun focusing on the fact that most Americans surveyed have less than $1,000 in their savings accounts. On Sunday,USAToday reported on “America’s spend-first mentality” and last week, CNBC suggested that 34% of Americans “have no savings at all.” The statistic that most Americans have less than $1,000 in […]