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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....
  • BLACK MONDAY: The First Time EVER The Dow Has Dropped By More Than 500 Points 2 Consecutive Days

    08/24/2015 5:50:43 PM PDT · by SkyPilot · 84 replies
    The Economic Collapse ^ | 24 Aug 15 | Michael Snyder
    On Monday, the Dow Jones Industrial Average plummeted 588 points. It was the 8th worst single day stock market crash in U.S. history, and it was the first time that the Dow has ever fallen by more than 500 points on two consecutive days. But the amazing thing is that the Dow actually performed better than almost every other major global stock market on Monday. In the U.S., the S&P 500 and the Nasdaq both did worse than the Dow. In Europe, almost every major index performed significantly worse than the Dow. Over in Asia, Japanese stocks were down...
  • Day 2 Mega Crash: Dow Closes Down 530 Points

    08/21/2015 1:56:00 PM PDT · by amessenger4god · 39 replies
    That is a 3.12% loss in a single day. 5.18% today and yesterday. To put that in perspective between 750 billion and 1 trillion dollars in market value were just wiped out in two days in the U.S. alone. And it isn't even September yet. It is about to get really, really ugly. CNBC is reporting that China's market is now mirroring 1929, and we could see the Chinese market crash a further 9% over just the next 4-5 days. Again I'll ask you: is your treasure in Heaven or on earth? You can't eat your gold, your silver, or...
  • Stocks Crashing For Second Day

    08/21/2015 12:21:18 PM PDT · by amessenger4god · 108 replies
    Unsealed.org ^ | 8-21-15 | Gary
    Dow down over 430 points as of about 2:20 PM CST. Central banks have no more options.  Debt levels are completely unprecedented around the world.  These debts will never be paid back by human effort. Watchers have been saying that we might witness a big crash around this time for 5, 6, 7 years now.  Are you listening?  Are you awake? Is your treasure in Heaven or on earth? Pray. MARANATHA! Update: Yesterday's plunge of the DJI was the biggest point-drop in almost four years.  Today's is even larger.
  • Would Americans riot if entitlements were taken away?

    07/17/2015 11:18:42 AM PDT · by MarchonDC09122009 · 106 replies
    Senator Jerry Moran discusses dangers of national debt, and entitlements and warns what's happening in Greece may foretell America's fate. When the Gov't teat runs dry, have a SHTF plan.
  • Markets More: HSBC Bearish HSBC WARNS: The world economy faces a 'titanic problem'

    05/14/2015 6:15:18 AM PDT · by bushwon · 32 replies
    Business Insider ^ | 5/13/2015 | Stephen King
    HSBC chief economist Stephen King is already thinking about the next recession. In a note to clients Wednesday, he warns: "The world economy is like an ocean liner without lifeboats. If another recession hits, it could be a truly titanic struggle for policymakers." Here's King (emphasis added): Whereas previous recoveries have enabled monetary and fiscal policymakers to replenish their ammunition, this recovery — both in the US and elsewhere — has been distinguished by a persistent munitions shortage. This is a major problem. In all recessions since the 1970s, the US Fed funds rate has fallen by a minimum of...
  • Harry Dent: Over $100 Trillion In Wealth Will Disappear

    05/05/2015 4:04:54 PM PDT · by Citizen Zed · 34 replies
    ETF Daily News ^ | 4-20-2015 | Greg Hunter
    Best-selling author Harry Dent says the stock bubble we have today is the biggest in history.  Dent contends, “Now we’re in a third bubble, and each of these bubbles peaks at higher highs, and then they each crash to lower lows.” “We’ve been looking for the Dow to peak right around here between 17,000 and 19,000.  So, we are right in the middle.  We are looking for an even bigger correction likely in late 2016 to 2017.  This whole thing has been in an artificial bubble” “We’d be in a depression right now if it were not for $11 trillion...
  • 10 Things to Do on the Day The Economy Collapses

    04/28/2015 9:25:27 AM PDT · by ClaudeDavis · 172 replies
    Ask a Prepper ^ | C. Davis
    “Most of us are so used to running out to the supermarket or to Wal-Mart for whatever we need that we never even stop to consider what would happen if suddenly we were not able to do that. Already the U.S. economy is starting to stumble about like a drunken frat boy. All it would take for the entire U.S. to resemble New Orleans after Hurricane Katrina would be for a major war, a terror attack, a deadly pandemic or a massive natural disaster to strike at just the right time and push the teetering U.S. economy over the edge.”...
  • In Yemen, It’s The Bad Guys Vs. The Bad Guys

    03/27/2015 2:22:48 PM PDT · by Lorianne · 26 replies
    Economic Collapse ^ | 26 March 2015 | Michael Snyder
    Saudi Arabia and Egypt stand poised to conduct a massive ground invasion of Yemen, and the western media will be full of tales about how “Operation Decisive Storm” is liberating that country from the evil Iranian-backed Houthi rebels. And without a doubt, the Houthis are bad guys and so are their Iranian benefactors. But don’t be fooled into thinking that the war in Yemen is a battle of good vs. evil. The truth is that the conflict in Yemen is actually a proxy war between two sets of bad guys that both ultimately plan for Islam to take over the...
  • As Euro Slides, Strategists Cut Forecasts

    01/24/2015 3:51:11 AM PST · by SkyPilot · 14 replies
    The Wall Street Journal ^ | 23 Jan 15 | Tommy Stubbington and James Ramage
    Rip up your euro forecasts. A day after the European Central Bank unveiled its bond-buying program, the single currency still was in free fall, blowing past analysts’ expectations for how low the euro can go. Some investors now say the euro could fall to the point where it is on equal footing with the U.S. dollar for the first time since it climbed above the buck in late 2002. “If you would have asked me a few months ago, I would’ve said that parity could be in the cards in the years ahead. Now, we can’t rule it out anymore...
  • 27 Facts That Show How The Middle Class Has Fared Under 6 Years Of Barack Obama

    01/19/2015 7:43:40 PM PST · by SeekAndFind · 31 replies
    The Economic Collapse Blog ^ | January 18, 2015 | Michael Snyder, on January 18th, 2015
    During his State of the Union speech on Tuesday evening, Barack Obama is going to promise to make life better for middle class families. Of course he has also promised to do this during all of his other State of the Union addresses, but apparently he still believes that there are people out there that are buying what he is selling. Each January, he gets up there and tells us how the economy is “turning around” and to believe that much brighter days are right around the corner. And yet things just continue to get even worse for the middle...
  • Letter from a Venezuelan Jail

    12/29/2014 12:52:28 PM PST · by nuconvert · 19 replies
    WSJ ^ | Dec. 26, 2014 | Leopoldo Lopez
    My country, Venezuela, is on the verge of social and economic collapse. This slow-motion disaster, nearly 15 years in the making, was not initiated by falling oil prices or by mounting debts. It was set in motion by the authoritarian government’s hostility toward human rights and the rule of law and the institutions that protect them. -excerpt- I am writing from a military prison, where I have been held since February as a result of speaking out against the government’s actions. I am one of scores of political prisoners in my country .... -excerpt- ... Venezuela’s road to ruin was...
  • The Coming Stock Market Crash and The Death of Money with Jim Rickards

    10/13/2014 4:37:09 AM PDT · by Enlightened1 · 61 replies
    Youtube ^ | 09/18/14
    Jim Rickards, the Financial Threat and Asymmetric Warfare Advisor for both the Pentagon and CIA. Recently, all 16 branches of our Intelligence Community have come together to release a shocking report. These agencies, that include the CIA, FBI, Army, and Navy, they've already begun to estimate the impact of the fall of the dollar as the global reserve currency. And our reign as the world's leading super power being annihilated in a way equivalent to the end of the British Empire, post-World War II. And the end game could be a nightmarish scenario, where the world falls into an extended...
  • Their Economy Will Collapse, Including Ours

    07/29/2014 8:22:41 AM PDT · by SovereignSociety · 37 replies
    Economy and Markets ^ | July 28, 2014 | Harry Dent
    Central bankers think they can keep their economy going by artificial stimulus until they hit escape velocity and grow at normal rates again — but they’re wrong. Here at Dent Research we hold a different view to what drives the economy. And central bankers are in for three big surprises ahead. Their economies are NOT going to grow the way they’re hoping, at least not until the early 2020s, thanks to declining demographic cycles and unprecedented debt ratios. But the surprises I’m talking about are going to come out of left field and slam unexpectedly and so fast into these...
  • The Madness Of Crowds And The Great Insanity (the coming economic collapse)

    06/08/2014 6:42:22 PM PDT · by Perseverando · 139 replies
    Zerohedge ^ | June 8, 2014 | Ty Andros
    Never in my 30+ year career as a market observer have I seen so many out on a limb which is about to be SAWED OFF. Those who live within the matrix are fully loaded for a recovery which is not and will not appear. Nominally the Main stream media can proclaim ECONOMIC recovery has arrived, point to the rising developed world stock markets, seemingly benign bond markets of all categories: sovereign, investment grade and Junk, Private equity, corporate buy backs and more have priced in “Happy Days are here again”. HFT, unrestrained leverage in a financially repressed world and...
  • If Economic Cycle Theorists Are Correct, 2015 To 2020 Will Be Pure Hell For The United States

    05/13/2014 5:24:42 PM PDT · by 2ndDivisionVet · 50 replies
    The Economic Collapse ^ | May 12, 2014 | Michael Snyder
    Does the economy move in predictable waves, cycles or patterns? There are many economists that believe that it does, and if their projections are correct, the rest of this decade is going to be pure hell for the United States. Many mainstream economists want nothing to do with economic cycle theorists, but it should be noted that economic cycle theories have enabled some analysts to correctly predict the timing of recessions, stock market peaks and stock market crashes over the past couple of decades. Of course none of the theories discussed below is perfect, but it is very interesting to...
  • Former Top Dutch Banker Found Dead

    04/06/2014 6:42:20 AM PDT · by Wiz-Nerd · 24 replies
    Business Standard ^ | April 6, 2014 | Reuters
    A Dutch former top banker who came under fire for taking a large pay-off after the nationalisation of his troubled bank was found dead along with his wife and daughter on Saturday in what police called a family tragedy. Jan Peter Schmittmann, 57, ran the domestic operations of Dutch bank ABN Amro between 2003 and 2007 and was widely criticised for landing an 8 million euro pay-off after the bank's collapse and subsequent nationalisation.
  • Chinese Exports Collapse Leading To 2nd Largest Trade Deficit On Record

    03/07/2014 10:31:28 PM PST · by SatinDoll · 74 replies
    Zero Hedge ^ | March 7, 2014 | Tyler Durden
    Plenty of excuses out there for this evening's collosal miss in Chinese exports (-18.1% YoY vs an expectation of a 7.5% rise) mainly based on timing issues over the Lunar New Year (but didn't the 45 economists who forecast this data know the dates before they forecast?) This is a 6-sigma miss and plunges China's trade balance to its biggest miss on record and 2nd largest deficit on record. Combining Jan and Feb data (i.e. smoothing over the holiday), exports are still down 1.6% YoY - not good for the much-heralded global recovery. Exports to the rest of the BRICs...
  • SocGen: An Economic 'Perfect Storm' Is Brewing

    02/02/2014 7:15:51 PM PST · by blam · 12 replies
    BI ^ | 2-2-2014 | Rob Wile
    SocGen: An Economic 'Perfect Storm' Is Brewing Rob WileFeb. 2, 2014, 8:46 PM    Last weekend at Davos, Nouriel Roubini told BI's Joe Weisenthal that it seemed markets had sailing into a perfect storm, resulting in lots of volatility. "...Between Chinese PMI of 50, Argentina letting its currency go, noises coming politically from Ukraine, Turkey, and Thailand … [the] contagion is not just within emerging markets but also affects advanced economies' equity markets. This evening SociĂ©tĂ© GĂ©nĂ©rale says, that, indeed it sure looks like we have. In a note to clients titled "Perfect Storm Brewing As Policy Turns,"...
  • Celente Warns Of Coming Riots: “The Collapse Is Engulfing The World”

    01/31/2014 4:24:17 PM PST · by Kartographer · 78 replies
    SHTF Plan ^ | 1/31/14 | Mac Slavo
    Celente isn’t suggesting that a massive collapse is going to happen in the future. He says we’re already in it – and it’s taking hold right before our eyes across the entirety of the globe:
  • Why This Harvard Economist Is Pulling All His Money From Bank Of America

    01/31/2014 5:00:19 PM PST · by Kartographer · 65 replies
    Zerohedge ^ | 1/31/14 | Tyler Durden
    From Terry Burnham, former Harvard economics professor, author of “Mean Genes” and “Mean Markets and Lizard Brains,” provocative poster on this page and long-time critic of the Federal Reserve, argues that the Fed’s efforts to strengthen America’s banks have perversely weakened them. First posted in PBS. Is your money safe at the bank? An economist says ‘no’ and withdraws his Last week I had over $1,000,000 in a checking account at Bank of America. Next week, I will have $10,000.
  • After the Collapse: Six Likely Events That Will Follow an Economic Crash

    01/21/2014 11:45:07 PM PST · by 2ndDivisionVet · 50 replies
    SHTFPlan ^ | January 20, 2014 | Mac Slavo
    It’s not too difficult to understand that we are well on our way to a paradigm shift in America; in fact we’re in the midst of it right now. The writing is on the wall and can no longer be ignored. The US government has run up trillions of dollars in debt, and given the recent debates over the country’s debt ceiling, we can rest assured that neither Congress or the President will act to curtail spending and balance the budget. We will continue adding trillions of dollars to the national debt clock until such time that our creditors no...
  • Why America Is Headed Toward Bankruptcy In 13 Terrifying Quotes

    01/11/2014 6:50:24 AM PST · by Kaslin · 53 replies
    Townhall.com ^ | January 11, 2014 | John Hawkins
    Like Enron, Greece, and Donald Trump before us, America is about to go bankrupt. Unfortunately, our bankruptcy will probably be more Enron and less Donald Trump because we're very unlikely to come back bigger and better in the lifetime of anyone reading this column. Instead, most Americans are probably going to experience skyrocketing taxes, spiraling inflation, widespread disorder, and a dramatically reduced standard of living. This isn’t a crisis that our great-grandchildren will have to figure out one day. To the contrary, it's entirely possible it will occur within the next decade and unless we make big changes no one...
  • If You Are Waiting For An “Economic Collapse”, Just Look At What Is Happening To Europe

    01/09/2014 6:46:01 AM PST · by IbJensen · 35 replies
    Mens News Daily ^ | January 8, 2014 | Michael Synder
    European UnionIf you are anxiously awaiting the arrival of the "economic collapse", just open up your eyes and look at what is happening in Europe. The entire continent is a giant economic mess right now. Unemployment and poverty levels are setting record highs, car sales are setting record lows, and there is an ocean of bad loans and red ink everywhere you look. Over the past several years, most of the attention has been on the economic struggles of Greece, Spain and Portugal and without a doubt things continue to get even worse in those nations. But in 2014 and...
  • I Hate When That Happens...

    10/09/2013 5:58:16 AM PDT · by SatinDoll · 6 replies
    The Market-ticker ^ | October 9, 2013 | Karl Denninger
    You know how it is, you're going along with the lies that are told every day about "recovery" and "economic conditions are kinda "OK" and "we're doing all right" and then the mainstream media and "economists" like Goldman's Alec Phillips step on their ***** and tell the truth by accident. Economists at Goldman Sachs Group Inc., IHS Inc. (IHS) and BNP Paribas SA said they expect the Treasury to husband the tax money it collects to make sure it can meet interest and principal payments on the nation’s debt. Other obligations, from salaries of government workers to payments to defense...
  • On Poland and Detroit: Not For The Faint Of Heart

    09/08/2013 9:19:08 PM PDT · by SatinDoll · 14 replies
    On Poland and Detroit. Not For the Faint of Heart. Back to finance. Poland did exactly what I and a few others have been warning about for years with regards to private retirement accounts and pensions. Poland confiscated 50% of all private pension funds last week. PRIVATE pensions. As Warren Pollock and I have been screaming, one of the largest chunks of collateral left in the system is private retirement money, both in the form of 401(k)s and IRAs and in private pension accounts. In the U.S., the latest data for 2012 shows that there are now $10.5 Trillion in...
  • "Alas, Brave New Babylon" new fiction by Matt Bracken

    08/26/2013 6:20:36 AM PDT · by Travis McGee · 378 replies
    Western Rifle Shooters Association ^ | August 26, 2013 | Matthew Bracken
    Alas, Brave New Babylon By Matt Bracken 1. THE REGAL INN MOTOR LODGE I used to be a history teacher at a private Christian school in Louisiana. I was in my mid-thirties then, unmarried and unattached. It was June and I was on a road trip, cruising up Interstate 81 through the northeastern corner of Tennessee in my Maxima. I was going to spend the month in Pennsylvania, hiking another 300 miles of the Appalachian Trail. The trail ran 2,200 miles from Georgia to Maine, and over previous summers I’d hiked it in sections, from south to north. After a...
  • Alan Keyes Says That Officials of the Obama Administration Are "Insane Children".

    07/25/2013 7:15:45 AM PDT · by pinochet · 18 replies
    Given that the Trayvon Martin verdict has been used by demagogues to divide America, we need to remind ourselves that Black Americans are among the greatest American patriots. I refer you to this brief 4 minute video by Alan Keyes, where he speaks with great passion in defense of the economic future of the American people: http://www.youtube.com/watch?v=3DlTgrMCxPg According to Keyes, the Obama administration is being managed by "insane children". He talks about a budget deficit of 2 trillion dollars, which was eliminated by the printing of paper money, instead of real wealth. Keyes warns America with great emotion, that the...
  • Gold, Silver and the Coming Complete Wipeout of All Debt - Video

    07/22/2013 10:24:19 AM PDT · by Errant · 19 replies
    Market Oracle ^ | July 22, 2013 | Bix Weir
    Bix Weir is a tireless advocate for manipulation-free gold and silver markets. Weir says, “They are printing money, and the reason to control the price of gold is to control the perception the U.S. dollar is a sound currency.” The manipulation game is not going to go on much longer. Weir proclaims, “We’re at a point in our system and in the manipulation where people within the Fed and within our government are ready to pull the plug on the game and basically crash the system.” Weir goes on to say, “You’re looking at a complete wipeout of all debt...
  • 12 Clear Signals That The U.S. Economy Is About To Really Slow Down

    06/12/2013 11:45:57 AM PDT · by lbryce · 41 replies
    Economic Collapse ^ | June 5, 2013 | Michael
    A lot of things that have not happened since the last recession are starting to happen again. As you read the list below, you will notice that the year "2009" comes up again and again. There is a reason for that. Many of the same patterns that we witnessed during the last major economic downturn are starting to repeat themselves. In fact, many of the things that are happening right now have not happened in quite a few years. For example, manufacturing activity in the U.S. has contracted for the first time in four years. The inventory to sales ratio...
  • 40 'Frightening' Facts On The Fall Of The US Economy

    05/27/2013 12:41:13 PM PDT · by Rusty0604 · 77 replies
    Zerohedge ^ | 05/27/2013 | Tyler Durden
    #2 During Obama's first term, the federal government accumulated more debt than it did under the first 42 U.S presidents combined. #4 If you started paying off just the new debt that the U.S. has accumulated during the Obama administration at the rate of one dollar per second, it would take more than 184,000 years to pay it off. #27 Back in 1965, only one out of every 50 Americans was on Medicaid. Today, one out of every 6 Americans is on Medicaid, and things are about to get a whole lot worse. It is being projected that Obamacare will...