The international push to a world of negative interest rates persists. The latest culprits, or at least eventual culprits, are South Korea and France. Francois Villeroy de Galhau, the head of the Bank of France and member of the European Central Bank (ECB)’s governing council, argued that, even though there are limits to the policy, […]
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Chart: A look at the global housing bubble
UBS released a new report that looked at a dozen or so cities that are in a housing bubble or that have an overvalued real estate market. The two cities that are in a housing bubble: London and Hong Kong. The cities that are on the cusp of an official bubble are Vancouver, San Francisco, […]
8 million Americans paid $1.7 billion in Obamacare penalties in 2014
Millions of Americans paid nearly $2 billion in penalties in 2014 because they did not have health insurance, says a new report from the Internal Revenue Service (IRS). In 2014, 8.1 million Americans paid $1.7 billion to the IRS under the Affordable Care Act (ACA), otherwise colloquially known as Obamacare. This is more than what […]
Video: A lesson for Donald Trump, Hillary Clinton – a look at the military industrial complex
In his farewell to the American people, President Dwight D. Eisenhower warned of the military industrial complex, a special interests group that has influenced politicians and policymakers and has gotten the United States into too many wars since the Second World War. Here is Eisenhower’s speech: “In the councils of government, we must guard against […]
Week in Review: Sept. 19 to Sept. 25
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: Free Trade Brings Abundance — Protectionism Brings Scarcity Caught: Media edit video of Clinton talking about NYC bombings Where’s the outrage? Women earned majority of doctoral degrees, outnumber […]