(Michael Snyder) The nation is still reeling from a series of major disasters in recent weeks, and now another one has hit us. At this moment, an enormous “firestorm” is consuming tens of thousands of acres in eight counties in northern California. Wind gusts of up to 50 mph are rapidly driving 15 large wildfires across […]
the ECB
Apocalyptic September? Here Is A List Of 27 Major Disasters That Have Already Happened So Far This Month
(Michael Snyder) Two major hurricanes, unprecedented earthquake swarms and wildfires roaring out of control all over the northwest United States – what else will go wrong next? When I originally pointed to the month of September as a critical time, I had no idea that we would see so many catastrophic natural disasters during this time frame […]
Dying Middle Class: The Number Of Americans That Can’t Afford Their Own Homes Has More Than Doubled
(Michael Synder) Have you lost your spot in the middle class yet? For years I have been documenting all of the numbers that show that the middle class in America has been steadily shrinking, and we just got another one. According to a report that was produced by researchers at Harvard University, the number of […]
The World Is Now $217,000,000,000,000 In Debt And The Global Elite Like It That Way
(Michael Snyder) The borrower is the servant of the lender, and through the mechanism of government debt virtually the entire planet has become the servants of the global money changers. Politicians love to borrow money, but over time government debt slowly but surely impoverishes a nation. As the elite get governments around the globe in […]
Financial Weapons Of Mass Destruction: The Top 25 U.S. Banks Have 222 Trillion Dollars Of Exposure To Derivatives
(Michael Snyder) The recklessness of the “too big to fail” banks almost doomed them the last time around, but apparently they still haven’t learned from their past mistakes. Today, the top 25 U.S. banks have 222 trillion dollars of exposure to derivatives. In other words, the exposure that these banks have to derivatives contracts is […]
Have We Reached A Turning Point For Stocks? Tuesday Was The Worst Day For The Stock Market In 6 Months
(Michael Snyder) The post-election stock market rally is officially over. After hovering near record highs for the past couple of weeks, U.S. stocks had their worst day in six months on Tuesday. For quite some time it has been clear that the momentum of the post-election rally had been exhausted, and a pullback of this nature […]
How The Federal Reserve Is Setting Up Trump For A Recession, A Housing Crisis And A Stock Market Crash
(Michael Snyder) Most Americans do not understand this, but the truth is that the Federal Reserve has far more power over the U.S. economy than anyone else does, and that includes Donald Trump. Politicians tend to get the credit or the blame for how the economy is performing, but in reality it is an unelected, unaccountable […]
Government Spooks Can Use The Mic And Camera On Trump’s Phone Even When He Thinks It Is Turned Off
(Michael Snyder) After reading this article you might not ever view your electronic devices the same way again. Last year, Hollywood released a biographical political thriller based on the life of Edward Snowden that had one particularly creepy scene. In that scene, a government spook used a program to remotely activate the microphone and camera on […]
Is Something Strange Happening Inside The Earth?
(Michael Snyder) Why are “giant fountains of lava” suddenly pouring out of some of the most dangerous volcanoes on the entire planet, and why are so many long dormant volcanoes suddenly roaring back to life? The spectacular eruption of Mt. Etna in Italy is making headlines all over the world, but it is far from alone. According to Volcano […]
Recession 2017? Things Are Happening That Usually Never Happen Unless A New Recession Is Beginning
(Michael Snyder) Is the U.S. economy about to get slammed by a major recession? According to Gallup, U.S. economic confidence has soared to the highest level ever recorded, but meanwhile a whole host of key economic indicators are absolutely screaming that a new recession is beginning. And if the U.S. economy does officially enter recession territory in […]
Is It Just A Coincidence That The Dow Has Hit 20,000 At The Same Time The National Debt Is Reaching $20 Trillion?
(Michael Snyder) The Dow Jones Industrial Average provides us with some pretty strong evidence that our “stock market boom” has been fueled by debt. On Wednesday, the Dow crossed the 20,000 mark for the first time ever, and this comes at a time when the U.S. national debt is right on the verge of hitting 20 trillion […]
Foreigners Are Dumping U.S. Debt At A Record Pace And Our $20 Trillion National Debt Is Poised To Become A Major Crisis
(Michael Snyder) While most of the country has been focused on the inauguration of Donald Trump, a very real crisis has been brewing behind the scenes. Foreigners are dumping U.S. debt at a faster rate than we have ever seen before, and U.S. Treasury yields have been rising. This is potentially a massive problem, because our entire […]
Circle January 15th: 70 Nations Will Gather In Paris To Discuss The Creation Of A Palestinian State
(Michael Snyder) On January 15th, representatives from 70 different countries will gather in Paris, France for an unprecedented global conference. The stated goal of this conference is to promote a “two-state solution” as the way that lasting peace will be brought to the Middle East. In Israel, there is a tremendous amount of concern that whatever is […]
Are We Being Set Up For A Crash? Stocks Hit A Level Only Seen During The Bubbles Of 1929, 2000 And 2007
Source – The Economic Collapse Blog by Michael Snyder, December 8th 2016 Will the financial bubble that has been rapidly growing ever since Donald Trump won the election suddenly be popped once he takes office? Could it be possible that we are being set up for a horrible financial crash that he will ultimately be […]
Global Financial Markets Plunged Into Chaos As Italy Overwhelmingly Votes ‘No’
Source – The Economic Collapse Blog by Michael Snyder, December 4th 2016 Italian voters have embraced the global trend of rejecting the established world order, but the “no” vote on Sunday has plunged global financial markets into a state of utter chaos. The euro has already fallen to a 20 month low, Italian government bonds […]