With all of the global unrest, struggling economies and crazy politicians, the world today is facing many similarities from the 1920s and 1930s, when communism and fascism became very popular worldwide, says Jim Rogers, the famous billionaire investor and bestselling author of “Hot Commodities.” Writing in an op-ed in The Daily Reckoning entitled “What’s Coming […]
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Irony Alert: Chuck Schumer says ‘Olympians shouldn’t be taxed on winning medals’
Oh, the irony! New York Democratic Senator Chuck Schumer believes Olympic and Paralympic athletes should not be taxed on winning medals. The longtime politician says that athletes work very hard all year long and that they shouldn’t be hit with a large tax bill for their efforts. Here is a statement from the New York […]
Week in Review: Aug. 1 to Aug. 7
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: A look at foreign governments that donated money to the Clinton Foundation How doctors are influenced by drug companies $15 minimum wage leads to crime? Mark Perry demolishes […]
5 random things for a Friday (Venezuelans eating zoo animals, negative net worth, fewer teens getting summer jobs)
News Story of the Day: things have gotten so bad in Venezuela that the people have now resorted to eating zoo animals. You may remember a few months ago we reported that Venezuelans had started to hunt and eat cats, dogs and pigeons. Well, with food shortages even more rampant and the socialist government going […]
Investment fraud on the rise amid diminishing retirement incomes
By Trisha Miller A large category of fraud, simply labeled “cybercrime” lost Americans $800 million in 2014 alone. The FBI filed cases of over 269 thousand people who fell victim to fraud that year. However, even they say that these reported scam cases aren’t close to the actual number of internet crime losses. It is […]