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 […]
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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 […]
Obama will be only president in U.S. history who did not deliver 3% economic growth in a single year
With President Barack Obama in his final few months in office, some economists are taking a look back at this very interesting eight-year period. Keynesian economist Paul Krugman has written countless blog posts over the last several months claiming that President Obama has done an impeccable job in the Oval Office. He argued that the […]