You Are Here: Home » News » Economic Collapse (Page 62)

As predicted, Black Friday sales down more than 10% from last year

Amid all the shouting, pushing, slashing, and even shootings that have taken place during this year's Black Thursday and Friday ritual, one vital thing has been missing for many retailers. Sales. Sales on Black Thursday and Friday are down more than 10% from last year, and while many analysts predicted lower numbers for the 2013 shopping season, many did not foresee a drop of this magnitude. U.S. consumers ...

Read more

WOW: Hundreds of illegals STORM Cali Border Patrol [VIDEO]

WOW: Hundreds of illegals STORM Cali Border Patrol This is raw footage from yesterday as hundreds of illegal immigrants try to cross the Mexican/American border out in California. The border jumpers started throwing bottles and rocks at patrolmen and the crowd had to be dispersed. It really picks up at the 2 min. mark.         SOURCE: VIRAL CONSERVATIVE¬† ...

Read more

European financial crisis begins to percolate heading into Christmas

2013 will go down in history as the year of currency wars and central bank domination over the markets.  During this year, nearly every sovereign economy has implemented some form of money printing policy which have boosted their equity markets, but masked the growing inflation and rising unemployment that invariably follows such courses of action. However, as we lead into the final month of 2013, and the r ...

Read more

Homeland Security Labels BITCOIN an “EMERGING THREAT”

  The popularity of the digital currency¬†Bitcoin¬†is exploding. Today's price spiked over $600, nearly double what is was just over a week ago. It seems the U.S. government now wants into the party.   Today several federal agencies weighed in on the decentralized currency. While most agencies acknowledged its legitimate uses, the Department of Homeland Security referred to Bitcoin as an¬†emerging th ...

Read more

BREAKING: BITCOIN SETS NEW RECORD

  Bitcoin is currently riding a massive surge. Moments ago the online currency peaked at a high of 1,044, which set a new all time record value. You can monitor the market¬†here. Many investors are cashing in their coins to the tune of massive profits. Meanwhile, others are feeling priced out of the market. Some fear that the Bitcoin bubble is due to burst. However, this is an assumed risk with such a h ...

Read more

Banks Threaten To Charge You For Saving Money

  In an effort to protect their record profits, banks might soon charge you for the privilege of having a savings account.   I know what you're thinking: Banks already charge customers outrageous fees for the privilege of having bank accounts. But if the Federal Reserve dares to try and help the economy by cutting a special interest rate it pays banks, fees¬†could get even¬†moreoutrageous, the Finan ...

Read more

Jim Rogers: Fed will self-destruct while politicians remain ignorant

On Nov. 18, billionaire investor Jim Rogers sat down for a long interview with Russia Today to discuss everything from gold, to Bitcoin, and even the Federal Reserve.  During the 28 minute discussion, Rogers noted on a number of occasions that everything financially is 'floating on an artificial ocean of printed money', and that the "Fed is on course to self-destruct before the politicians realize what is g ...

Read more

Pentagon Can’t Account For $8,500,000,000,000 (TRILLION) Taxpayer Dollars

  A recent investigation has revealed that the Pentagon has failed to account for $8.5 trillion dollars of taxpayer money Congress has allocated toward the U.S. Department of Defense since 1996.   According to the report, out from¬†Reuters,¬†the Pentagon has routinely cooked its books by failing to supply a clear monthly account of the money spent for Defense Finance and Accounting Services (DFAS). ...

Read more

China markets on verge of bypassing dollar and selling oil futures in Yuan

A little over a year ago, China finalized an agreement with Russia where they would be allowed to purchase as much oil as they desired from the global energy titan, and pay in currencies other than the Petrodollar.  On Nov. 21, the 2nd largest global economy fired a new shot across America's bow, and stands of the precipice of allowing oil to be bought on the futures market in Yuan, creating a direct confli ...

Read more

Obama administration increases national debt by over $1 trillion in less than a month

There was a reason why Congress established a debt ceiling limit during World War I, and it was primarily due to the possibility that greedy politicians would one day use the power of debt to bankrupt the country in pursuit of their agendas. So when Congress chose to remove the debt ceiling in a temporary measure after 16 days of a government shutdown, the fears of the original legislators have now come to ...

Read more

Stock market euphoria: Dow crosses 16000 and S&P goes over 1800

Quantitative Easing has reached its 2013 goals with more than a month to spare.  On Nov. 18, the Dow crossed over 16000 for the very first time, and the S&P 500 achieved 1800 as each exchange set new intraday records for stock prices. The only numbers that matter today are 16000, 4000 and 1800: those are the Fed's closing targets for the Dow Jones, the Nasdaq and the S&P. Following last night's Chin ...

Read more

Ron Paul: Fed policies are made to benefit crony capitalists

Just days after the unprecedented event of a former Federal Reserve insider apologizing to the American people regarding the dire consequences the central bank has imposed on the economy through Quantitative Easing, former Congressman Ron Paul provided a little more insight on those remarks, and expanded the dialogue to say that the Federal Reserve's primary intention has always been to benefit crony capita ...

Read more

© 2012 Secrets of the Fed