You Are Here: Home » News » Economic Collapse (Page 4)

Colorado’s Pot Revenue Is So High The State May Be Forced To Give Residents A Share Of The Profits!

DENVER (AP) ‚ÄĒ Colorado's marijuana experiment was designed to raise revenue for the state and its schools, but a state law may put some of the tax money directly into residents' pockets, causing quite a headache for lawmakers. The state constitution limits how much tax money the state can take in before it has to give some back. That means Coloradans may each get their own cut of the $50 million in recreati ...

Read more

Davos 2015 agenda item: Where can the elite go to hide from coming collapse

For years members of the Patriot movement and those who were intelligent enough to see the coming economic and social collapse have been ridiculed mercilessly by the media and even President Barack Obama (guns and bibles) for dedicating time, money, and energy towards building an offsite place of security, or as those in the know would call it, a bug-out location.  Additionally, the rise of the expatriate m ...

Read more

U.S. dollar will not survive 2015 according to well known financial analyst

In the most recent publication of Dr. Jim Willie's Hat Trick Newsletter, the well known and accomplished statistician and financial analyst provided one of his most explosive forecasts yet, and it has to do with the solvency of the dollar and petro-dollar system. Looking at four key factors that have evolved over the past few years, the potential for Dr. Willie's prediction is quite high, especially as this ...

Read more

America: Land of the… challenged and not so economically free

As America shifts into their full blown state of oligarchical rule, the sad fact is that the once proud land of the free has become for all intents and purposes, the land of the economically challenged.  And after 20 years of NAFTA, too big to fail, and the death of the middle class, it is not surprising that in this year's survey of economic freedom the U.S. ranks once again outside the top 10, and finds i ...

Read more

New Greek Finance Minister holds Damocles Sword over ECB

It suddenly appears that the Syriza Party in Greece really means business now that they have taken over the government after six years of austerity and rule by elitist oligarchs.  And as the new Finance Minister Yanis Varoufakis stated in an interview on Jan. 27 directed towards the European Central Bank (ECB), and the financiers who helped impoverish the Eurozone nation... Greece doesn't need the Eurozone, ...

Read more

S&P downgrades Russia while keeping U.S. the same despite their insolvency

The U.S. ratings agencies have been under fire since the 2008 credit crisis when they were accused of covering up the true rating of toxic bonds and other assets during the housing bubble and subsequent sub-prime crash.  But the one time they actually tried to implement a ratings downgrade on the great and mighty U.S. government they were slapped with a lawsuit by the Department of Justice for their temerit ...

Read more

FDIC closes bank in Illinois bringing the number of bank failures in 2015 to two

Highland Community Bank, located in Chicago, IL, was closed down by the FDIC on Friday, Jan. 23.  This bank failure is the second for the month of January and is the second bank closure for 2015. 1/23/2015 *** IL *** Chicago *** Highland Community Bank *** $5.8 million dollar estimated FDIC DIF cost. The total DIF for failed banks this week is $5.8 million. If you were banking at the Highland Community Bank ...

Read more

Europe jumps on QE wagon with Euro falling to 12 year lows

Life is full of both irony and paradox, and today's move by the European Central Bank (ECB) to implement their own form of Quantitative Easing is a picture of both.  On Jan. 22 ECB Chief Mario Draghi announced a new money printing and bond buying program that will attempt to wrest the Eurozone from an ongoing depression that is mixed in with a deflationary spiral.  At the same time, the ECB has now set in m ...

Read more

Gold hits $1300 and silver breaks through $18 as financial system begins to crack

In early morning trading in Asia, and after the U.S. markets had already closed, gold traded over the $1300 point for the first time in six months.  Additionally, the last 12 days of trading for the monetary metal are the biggest two week rise since 2011 when ironically, the Swiss chose to peg their currency to the Euro, and something they undid last week. Not to be outdone, silver prices have also continue ...

Read more

First crack in the EU coming not from Greece, but from Iceland

After last week's Swiss currency bombshell, and the expectation of a massive program by the ECB to finally begin Quantitative Easing, speculation has begun among analysts on which country would find the new direction of the European Union unappetizing and decide to bail from the Eurozone before their own economy and currency becomes insolvent.  And with Greece being the lightening rod, having accumulated a ...

Read more

FDIC closes bank in Florida to become first bank failure for 2015

First National Bank of Crestview, located in Crestview, FL, was closed down by the FDIC on Friday, Jan. 16.  This bank failure is the first for the month of January and is the first bank closure for 2015. 1/16/2015 *** FL *** Crestview *** First National Bank of Crestview *** $4.4 million dollar estimated FDIC DIF cost. The total DIF for failed banks this week is $4.4 million. If you were banking at the Fir ...

Read more

Is Japan’s economy now to the point that they are preparing for war?

On Jan. 14, Prime Minister Shinzo Abe approved a new military budget that is the largest since the end of World War II when the nation was de-armed by the U.S. according to the treaty ending the war, and provisions from their new Constitution.  And with military expenditures expected to be around $42 billion, or 5 trillion yen, observers must ask the question of whether Japan is seeing the writing on the wa ...

Read more

© 2012 Secrets of the Fed