Source – The Economic Collapse Blog by Michael Snyder, on November 28th, 2016 Do they know something that the rest of us do not? There are tens of millions of ordinary Americans that are feeling really good about the future now that Donald Trump has won the election, but meanwhile the elite are feverishly constructing […]
the ECB
The Total Amount Of Debt In The World Just Hit A Record $152,000,000,000,000 (152 Trillion)
Source – The Economic Collapse Blog by Michael Synder, October 11th 2016 If anyone ever asks you how much debt there is in the world, now you will know the answer. According to the IMF, the total amount of debt around the globe has now hit a staggering 152 trillion dollars. That is an amount […]
Arch That Was A Gateway To The Temple Of Baal Is Going Up In New York’s City Hall Park On Monday
Source – The Economic Collapse Blog by Michael Snyder, September 18th 2016 If you tried to put up a large cross in a public park in New York City there would be lawsuits flying all over the place, but apparently an ancient pagan arch that served as a gateway to the Temple of Baal is […]
Major Problems Announced At One Of The Largest Too Big To Fail Banks In The United States
Source – The Economic Collapse Blog by Michael Snyder, September 8th 2016 Do you remember when our politicians promised to do something about the “too big to fail” banks? Well, they didn’t, and now the chickens are coming home to roost. On Thursday, it was announced that one of those “too big to fail” banks, […]
Marc Faber Issues A Stunning Warning That A Gigantic 50 Percent Stock Market Crash Could Be Coming
Image Source. Source – The Economic Collapse Blog by Michael Snyder, August 9th 2016 Are we about to witness one of the largest stock market crashes in U.S. history? Swiss investor Marc Faber is the publisher of the “Gloom, Boom & Doom Report”, and he has been a regular guest on CNBC for years. And […]
The U.S. Has Lost 195,000 Good Paying Energy Industry Jobs
Source – The Economic Collapse Blog by Michael Snyder, on August 4th, 2016 Not all jobs are created equal. There is a world of difference between a $100,000 a year energy industry job and a $10 an hour job running a cash register at Wal-Mart. You can comfortably support a middle class family on $100,000 a […]
The Price Of Oil Is Crashing Again, And That Is Very, Very Bad News For The U.S. Economy
Source – The Economic Collapse Blog by Michael Snyder This wasn’t supposed to happen. The price of oil was supposed to start going back up, and this would have brought much needed relief to economically-depressed areas of North America that are heavily dependent on the energy industry. Instead, the price of oil is crashing again, […]
Deutsche Bank Profit Plunges 98 Percent As The Outlook For ‘The World’s Riskiest Bank’ Darkens
Source – The Economic Collapse Blog by Michael Snyder The biggest and most important bank in the biggest and most important country in Europe continues to implode right in front of our eyes. If you follow my work regularly, you probably already know that I issued a major alarm about Deutsche Bank last September. Subsequently, […]
Credit Card Companies Specifically Target Less Educated And Less Sophisticated Americans
Source – The Economic Collapse Blog by Michael Snyder The big credit card companies don’t make much money off of those that pay their bills on time, and so they often specifically target less educated and less sophisticated consumers that don’t really understand the dangers of credit card debt. The goal is to find people […]
European Banks Have Their Worst Two Day Stretch EVER As The Global Financial Crisis Intensifies
Image Source. Source – The Economic Collapse Blog by Michael Snyder Over the last two trading days, European banks have lost 23 percent of their value. Let that number sink it for a bit. In just a two day stretch, nearly a quarter of the value of all European banks has been wiped out. I […]
Freight Index Shows Economic Collapse | The Amount Of Stuff Being Bought, Sold And Shipped Around The U.S. Hits The Lowest Level In 6 Years
Image Source. Source – The Economic Collapse Blog by Michael Snyder When less stuff is being bought, sold and shipped around the country with each passing month, how in the world can the U.S. economy be in “good shape”? Unlike official government statistics which are often based largely on projections, assumptions and numbers seemingly made […]
15 Facts About The Imploding U.S. Economy That The Mainstream Media Doesn’t Want You To See
Source – The Economic Collapse Blog by Michael Snyder You are about to see undeniable evidence that the U.S. economy has been slowing down for quite some time. And it is vital that we focus on the facts, because all over the Internet you are going to find lots and lots of people that have […]
Worst Jobs Report In Nearly 6 Years – 102 Million Working Age Americans Do Not Have Jobs
Image Source. Source – The Economic Collapse Blog by Michael Snyder This is exactly what we have been expecting to happen. On Friday, the Bureau of Labor Statistics announced that the U.S. economy only added 38,000 jobs in May. This was way below the 158,000 jobs that analysts were projecting, and it is also way […]
6 Giant Corporations Control The Media, And Americans Consume 10 Hours Of ‘Programming’ A Day
Image Source. Source – The Economic Collapse Blog by Michael Snyder If you allow someone to pump hours of “programming” into your mind every single day, it is inevitable that it is eventually going to have a major impact on how you view the world. In America today, the average person consumes approximately 10 hours […]
Business Debt Delinquencies Are Now Higher Than When Lehman Brothers Collapsed In 2008
Source – The Economic Collapse Blog by Michael Snyder You are about to see more very clear evidence that a new economic crisis has already begun. During economic recoveries, business debt delinquencies generally fall, and during times of economic recession business debt delinquencies generally rise. In fact, you will see below that business debt delinquencies […]