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Keyword: economiccollapse

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  • Congressman on IRS Scandal: Koch Bros. 'Abused the System'

    05/15/2013 10:23:14 AM PDT · by Sir Napsalot · 35 replies
    Breitbart - Big Government ^ | 5-15-2013 | Kerry Picket
    (snip) Speaker of the House John Boehner (R – OH) stated at the weekly GOP leaders press conference that Americans needed “accountability from their government.” However, some Democrats are doubling down on the issue. Senate Majority Leader Harry Reid (D – NV) told reporters on Tuesday that some conservative organizations, like Karl Rove’s Crossroads GPS, deserve to be scrutinized. (snip) Congressman Alan Grayson (D – FL) told Breitbart News he thinks the “Koch brothers have abused the system by setting up 501c3’s that are doing political activity,” arguing, “It doesn’t make any sense to look for something on the other...
  • Soros Foundation Given $30 Million by US Government

    04/25/2005 6:26:44 AM PDT · by stevio · 125 replies · 3,330+ views
    CNSNews.com ^ | April 25, 2005 | Jeff Johnson
    (CNSNews.com) - The Open Society Institute, a private foundation controlled by liberal billionaire and political activist George Soros, received more than $30 million from U.S. government agencies between 1998 and 2003. Last year, Soros donated at least $20 million of his own money to such liberal groups as Moveon.org, in a failed attempt to block the re-election of President George W. Bush. Tax records the Open Society Institute (OSI) is required to file with the Internal Revenue Service list "FEDERAL GOVERNMENT AGENCIES" as "Contributors" of amounts between $4.6 million and $8.9 million over a six year period: * 1998 -...
  • The career assassination of Cornel West: A messy intellectual divorce [w/by Eric Dyson]

    04/21/2015 2:23:11 AM PDT · by Cincinatus' Wife · 20 replies
    Salon ^ | April 20, 2015 | mensah demary
    The career assassination of Cornel West: A messy intellectual divorce reveals layers of broken heart — and to what end? Independent of one’s stance on the rift between Michael Eric Dyson and Cornel West — a rift years in the making and now clearly delineated in the form of Dyson’s essay on West in the New Republic, “The Ghost of Cornel West” — this has all the hallmarks of a messy divorce between two public, black intellectuals who were, perhaps, better served keeping things offline. Maybe try to squash their beef in the privacy of an on-campus office or in...
  • Who Runs The World? Solid Proof That A Core Group Of Wealthy Elitists Is Pulling The Strings

    01/31/2013 9:35:54 AM PST · by B4Ranch · 128 replies
    http://www.worldviewweekend.com/ ^ | January 31, 2013 | Michael Synder
    Does a shadowy group of obscenely wealthy elitists control the world? Do men and women with enormous amounts of money really run the world from behind the scenes? The answer might surprise you. Most of us tend to think of money as a convenient way to conduct transactions, but the truth is that it also represents power and control. And today we live in a neo-fuedalist system in which the super rich pull all the strings. When I am talking about the ultra-wealthy, I am not just talking about people that have a few million dollars. As you will see...
  • Retail Apocalypse? Major Chains Closing Hundreds Of Stores

    02/11/2014 10:49:47 AM PST · by Para-Ord.45 · 101 replies
    http://newswatch.us ^ | February 11 2014 | D. Jennings
    Hundreds of stores across the nation are closing as some of America’s most famous retailers struggle to stay in business. The country is facing what CNBC has labeled a tsunami of store closings and blogger Michael Snyder has called a retail apocalypse. JC Penney, which lost $586 million in three months in 2013, is planning to close 33 stores in 19 states and lay off 2,000 people. JC Penney’s stock has lost 84 percent of its value since February 2012. Sears has decided to shut down its flagship store in Downtown Chicago, and it has closed 300 stores in the...
  • Independence Day? 79 Percent Of Americans Are Completely Okay With The Current Level Of Tyranny

    07/04/2014 5:03:46 AM PDT · by blam · 15 replies
    The American Dream ^ | 7-4-2014 | Michael Snyder
    By Michael Snyder July 2nd, 2014 July 4th, the United States will celebrate Independence Day once again. But who in the world are we trying to kid? Our founders intended to create a society where freedom and liberty would be maximized, but that is not what America looks like today. Instead, we live in a country that literally has millions of laws, rules and regulations. We have a government that is obsessed with spying on the entire planet and that tries to watch, monitor, track and record as much information about all of us as it possibly can. A “Big...
  • Junk Bonds Are Going To Tell Us Where The Stock Market Is Heading In 2015

    01/03/2015 6:10:31 PM PST · by SeekAndFind · 8 replies
    TEC ^ | 01/02/2015 | Michael Snyder
    Do you want to know if the stock market is going to crash next year? Just keep an eye on junk bonds. Prior to the horrific collapse of stocks in 2008, high yield debt collapsed first. And as you will see below, high yield debt is starting to crash again. The primary reason for this is the price of oil. The energy sector accounts for approximately 15 to 20 percent of the entire junk bond market, and those energy bonds are taking a tremendous beating right now. This panic in energy bonds is infecting the broader high yield debt market,...
  • Number of volcanoes erupting right now greater than 20th century YEARLY average

    08/16/2015 12:16:41 PM PDT · by Jack Hydrazine · 99 replies
    IceAgeNow ^ | 4AUG2015 | Robert Felix
    “Is the number of volcanic eruptions worldwide increasing? “Yes,” answers Michael Snyder in this startling article.“ During the 20th century, there were a total of 3,542 volcanic eruptions globally. That works out to approximately 35 eruptions per year. That may sound like a lot, but according to Volcano Discovery there are 36 volcanoes erupting around the world right now. In other words, the number of volcanoes erupting as you read this article is greater than the 20th century’s yearly average.“ And all of this is part of a larger trend. In 2013, we witnessed the most volcanic eruptions worldwide that...
  • The Stock Markets of the 10 Largest Global Economies Are All Crashing (And the media is silent)

    09/28/2015 6:25:25 AM PDT · by xzins · 55 replies
    Charisma News ^ | 28 Sep 15 | MICHAEL SNYDER
    You would think that the simultaneous crashing of all of the largest stock markets around the world would be very big news. But so far, mainstream media in the United States are treating it like it isn't really a big deal.Over the last 60 days, we have witnessed the most significant global stock market decline since fall 2008, and yet most people still seem to think that this is just a temporary "bump in the road" and that the bull market will soon resume. Hopefully they are right.When the Dow Jones Industrial Average plummeted 777 points on Sept. 29, 2008,...
  • Will The Discovery Of Huge Amounts Of Oil In Israel Lead To War In The Middle East?

    10/10/2015 11:14:57 AM PDT · by SeekAndFind · 18 replies
    End of the American Dream ^ | 10/10/2015 | Michael Snyder
    Billions of barrels of oil have been discovered in Israel, and this discovery could essentially make Israel energy independent for many decades to come. But there is just one problem. This discovery was made in the Golan Heights. If you are not familiar with the Golan Heights, it is an area that Israel took from Syria during the Six-Day War of 1967. The government of Israel considers the Golan Heights to now be part of Israeli territory, but the United Nations does not recognize Israel’s claim. Instead, the UN still recognizes Syrian sovereignty over that area. So now that massive...
  • The Subprime Auto Loan Meltdown Is Here

    02/24/2016 5:36:40 PM PST · by SkyPilot · 29 replies
    The Economic Collapse ^ | 24 Feb 16 | Michael Snyder
    Uh oh - here we go again. Do you remember the subprime mortgage meltdown during the last financial crisis? Well, now a similar thing is happening with auto loans. The auto industry has been doing better than many other areas of the economy in recent years, but this "mini-boom" was fueled in large part by customers with subprime credit. According to Equifax, an astounding 23.5 percent of all new auto loans were made to subprime borrowers in 2015. At this point, there is a total of somewhere around $200 billion in subprime auto loans floating around out there, and...
  • Radical Leftists Unleash Anti-Trump Riots Starting On March 19th

    03/20/2016 5:31:09 PM PDT · by Lorianne · 48 replies
    Economic Collaps ^ | 19 August 2015 | Michael Snyder
    Many of the exact same groups that participated in Occupy Wall Street and helped organize protest rallies in Ferguson and Baltimore are now promising to bring us “the largest civil disobedience actions in a generation”. I recently wrote about the trouble that radical leftists have caused by attempting to disrupt Trump campaign events, but now there is a very organized effort to turn this into a national movement. On March 19th, thousands of angry protesters will descend on Trump Tower in New York City to denounce Donald Trump’s “fascist policies”, and on April 2nd dozens of leftist organizations will join...
  • Helicopter Money Arrives: Switzerland Referendum to Hand Out $2500 Monthly To All Citizens

    01/30/2016 10:12:20 AM PST · by ak267 · 33 replies
    zero hedge ^ | 1-29-2016 | Tyler Durden
    With Citi's chief economist proclaiming "only helicopter money can save the world now," and the Bank of England pre-empting paradropping money concerns, it appears that Australia's largest investment bank's forecast that money-drops were 12-18 months away was too conservative. While The Finns consider a "basic monthly income" for the entire population, Swiss residents are to vote on a countrywide referendum about a radical plan to pay every single adult a guaranteed income of around $2500 per month, with authorities insisting that people will still want to find a job.
  • 2016 Is Looking Like One Bad Year Financially

    01/23/2016 12:34:27 PM PST · by American Faith Today · 8 replies
    American Faith Today ^ | January 23, 2016 | American Faith Today
    On today's show I wanted to go back to something that I haven't dealt with in a while, and that's the economy. I of course am not an economist, but I do put my trust in what economists and economic commentators say we need to be watching rather than what the government says the unemployment rate is. We've gotten off to a very rough start in 2016 when it comes to global markets, wealth lost in the stock markets, global trade, and companies looking to downsize their workforce. I don't like to talk negative but I do like to talk...
  • We Are Now Entering The "Discovery" Phase Of Financial Collapse

    12/21/2015 9:36:56 AM PST · by Perseverando · 22 replies
    Zero Hedge ^ | December 21, 2015 | James H. Kunstler
    Theory du jour: the new Star Wars movie is sucking in whatever meager disposable lucre remains among the economically-flayed mid-to-lower orders of America. In fact, I propose a new index showing an inverse relationship between Star Wars box office receipts and soundness of the financial commonweal. In other words, Star Wars is all that remains of the US economy outside of the obscure workings of Wall Street — and that heretofore magical realm is not looking too rosy either in this season of the Great Rate Hike after puking up 623 points of the DJIA last Thursday and Friday. Here...
  • 10 Things Americans Are Worried About More Than Global Warming

    11/25/2015 6:18:35 AM PST · by george76 · 16 replies
    Independent Journal ^ | October 2015 | Chris Martin
    Respondents were given a list of 88 things that could inspire fear. These entries ranged from world problems (like war, terrorism, nuclear attacks) to practical fears (murder, death, unemployment) to uncommon phobias (zombies, clowns, ghosts). ... Also on the list was global warming, which leading Democratic candidates have said is the biggest threat facing Americans today. But the American Fears survey revealed a much different opinion on the topic, with only 30.7% of respondents saying that global warming made them either afraid or very afraid. Global warming did not even make the top twenty. Here are some things Americans are...
  • US interest rate rise could trigger global debt crisis

    09/14/2015 7:50:38 AM PDT · by SkyPilot · 10 replies
    The Telegraph ^ | 13 Sep 15 | Telegraph Staff
    Global debt levels are dangerously high and central banks cannot keep the game going indefinitely, warns the high priest of orthodoxy Debt ratios have reached extreme levels across all major regions of the global economy, leaving the financial system acutely vulnerable to monetary tightening by the US Federal Reserve, the world's top financial watchdog has warned. The Bank for International Settlements said the wild market ructions of recent weeks and capital outflows from China are warning signs that the massive build-up in credit is coming back to haunt, compounded by worries that policymakers may be struggling to control events. "We...
  • Fears grow over US stock market bubble

    09/14/2015 7:47:30 AM PDT · by SkyPilot · 30 replies
    Financia Times ^ | 13 Sep 15 | John Authers
    A growing number of investors believe that US stocks are overvalued, creating the risk of a significant bear market, according to research by Yale University market scholar Robert Shiller. The Nobel economics laureate told the Financial Times that his valuation confidence indices, based on investor surveys, showed greater fear that the market was overvalued than at any time since the peak of the dotcom bubble in 2000. Nobel economics laureate Robert Shiller “It looks to me a bit like a bubble again with essentially a tripling of stock prices since 2009 in just six years and at the same time...
  • Dow posts worst August decline in 17 years

    08/31/2015 5:02:31 PM PDT · by SkyPilot · 25 replies
    Market Watch ^ | 31 Aug 15 | Mark Decambre
    The month of August can be pretty rough for stock investors. But this August has earned its place in the record books, as stocks were unsettled by uncertainty over the state of affairs in the world’s second largest economy, China. As far as Augusts go, this has been the worst in nearly two decades for the Dow Jones Industrial Average DJIA, -0.69% The Dow posted a roughly 6.4% decline in August, which marked the worst month in more than five years for the market gauge, which tracks the performance of 30 stocks. Comparing the month with other Augusts, the blue-chip...
  • CNN Tells Americans That The Stock Market Is Not Going To Crash

    08/26/2015 4:45:15 PM PDT · by SkyPilot · 26 replies
    The Economic Collapse ^ | 26 Aug 15 | Michael Snyder
    On Wednesday we witnessed the third largest single day point gain for the Dow Jones Industrial Average ever. That sounds like great news until you realize that the two largest were in October 2008 – right in the middle of the last financial crisis. This is a perfect example of what I wrote about yesterday. Every time the market crashes, there are huge up days, huge down days and giant waves of market momentum. Even though the Dow was up 619 points on Wednesday, overall we are still down more than 2,000 points from the peak of the market....