(Michael Snyder) Wall Street responded to our escalating trade war with China by throwing a bit of a temper tantrum. On Monday the Dow Jones Industrial Average was down 617 points, and that was the worst day for the Dow since January 3rd. But things were even worse for the Nasdaq.
economy
The Deadline Passes And Trump Brings Down The Tariff Hammer – China Immediately Promises To Retaliate
(Michael Snyder) At 12:01 AM eastern time on Friday, President Trump followed through on his threats and hit China with a massive tariff increase. As you will see below, China immediately pledged to retaliate. U.S. and Chinese officials will continue to negotiate throughout the day on Friday, but if U.S. officials were optimistic that a deal was imminent the trigger never would have been pulled on these tariffs.
$220,000 For Every Man, Woman And Child – America Is Now 72 Trillion Dollars In Debt
(Michael Snyder) Are you ready to cough up $220,000 to pay your share? One of the reasons why a day of reckoning for the U.S. economy is inevitable is because we are in way too much debt.
New Blockchain Project Promises to End Corruption, Restore Prosperity, and Return Power Back to the People | Vision5
(Justin Deschamps) What kind of world could we create if we used modern technology to reform civilization? How could a decentralized system better serve the people? Could we finally put an end to widespread corruption, institutionalized oppression, and hardship?
Globalists (Deep State) Are Bringing Their One World Currency Plans Out Into The Open
(Brandon Smith) People often ask me when they should begin to worry about the agenda for the “global economic reset” and the controlled demolition of the economy? If economic collapse is a process rather than an event, at what point in the process will we start to feel direct consequences?
The True Size Of The U.S. National Debt, Including Unfunded Liabilities, Is 222 Trillion Dollars
(Michael Snyder) The United States is on a path to financial ruin, and everyone can see what is happening, but nobody can seem to come up with a way to stop it. According to the U.S. Treasury, the federal government is currently 22 trillion dollars in debt, and that represents the single largest debt in the history of the planet.
Wall Street Red Flag: An Indicator That Has Predicted Every Recession In The Last 50 Years Just Got Triggered
(Michael Snyder) If the bond market is correct, the U.S. economy is definitely heading into a recession. Over the past 50 years, there have been six previous occasions when the yield on three-month Treasury bonds has risen above the yield on ten-year Treasury bonds, and in each of those instances a recession has followed.
Just Before The Great Recession, Mountains Of Unsold Goods Piled Up In U.S. Warehouses – And Now It Is Happening Again
(Michael Snyder) When economic conditions initially begin to slow down, businesses continue to order goods like they normally would but those goods don’t sell as quickly as they previously did. As a result, inventory levels begin to rise, and that is precisely what is happening right now.
12 Statistics That Prove That The U.S. Is Facing A Consumer Debt Apocalypse
(Michael Snyder) In the entire history of the United States, consumers have never been in so much debt. And that would not be a crisis as long as the vast majority of us were regularly making our debt payments, but as you will see below delinquency levels are starting to rise to extremely alarming levels.
Federal Reserve Confesses Sole Responsibility For All Recessions
(David Haggith) In a surprisingly candid admission, two former Federal Reserve chairs have stated that the Federal Reserve alone is responsible for creating all recessions in the United States.
The Real “Poverty Rate” is Actually TRIPLE What We’re Being Told
(Paul Buchheit) By its best definition, the poverty rate should be tripled.
It Begins: Russia, China, and India Are Now All Dumping the US Dollar
(RT News) Economic sanctions, endless wars, and dirty politics has major countries ditching the US dollar in a hurry—which will not end well for the US.
Stunning Census Study Finds 63% of Non-citizens in Usa Are Collecting Welfare
(Isabelle Z.) A shocking new Census Bureau study has revealed that 63 percent of the non-citizens living in the U.S. are taking advantage of welfare programs that were designed to help Americans who are struggling financially or ill. The finding gives a lot of weight to arguments in favor of taking steps like building a wall to prevent illegals from entering.
Is The Federal Reserve Actually TRYING To Cause A Stock Market Crash?
(Michael Snyder) The Federal Reserve has decided not to come to the rescue this time.
Prepare Now: A Housing Market Recession Is Coming
(Mac Slavo) It may be time to start preparing for the upcoming housing market recession. All the signs that the housing market will continue to tank are rearing their ugly heads. It’s only a matter of time now.