End of the American Dream Have you noticed that events have begun to accelerate? Over the past few weeks, things have officially started to get very weird. Chinese stocks are crashing, the Greek debt crisis is spiraling out of control,… Continue Reading
New York Times Puerto Rico’s governor, saying he needs to pull the island out of a “death spiral,” has concluded that the commonwealth cannot pay its roughly $72 billion in debts, an admission that will probably have wide-reaching financial repercussions.… Continue Reading
You’ve probably read that there is a “war on cash” being waged on various fronts around the world. What exactly does a “war on cash” mean? It means governments are limiting the use of cash… Source: The War On Cash:… Continue Reading
Infowars.com In the week that the European Central Bank cut its deposit rate for banks from zero to -0.1%, economist Martin Armstrong warns that negative interest rates are coming to the United States, meaning that Americans will be forced to… Continue Reading
rt.com The apparent suicide death of the chief economist of a US investment house brings the number of financial workers who have died allegedly by their own hand to four in the last week. 50-year-old Mike Dueker, who had worked… Continue Reading
Zero Hedge The only two charts that matter from today’s distroted nonfarm payrolls report. First, the labor force participation rate, which plunged from 63.2% to 62.8% – the lowest since 1978! But more importantly, the number of people not in… Continue Reading
Michael Snyder Economic Collapse Blog What are human workers going to do when super-intelligent robots and computers are better than us at doing everything? That is one of the questions that a new study by Dr. Carl Frey and Dr.… Continue Reading
Ian Swanson TheHill.com Forty to 50 House Republicans will support immigration reform, Rep. Luis Gutiérrez (D-Ill.) predicted Thursday. Gutiérrez said many of the Republicans supportive of immigration reform don’t want to be identified, but he insisted they would support comprehensive… Continue Reading
Robert Snell Daniel Howes Chad Livengood David Shepardson detroitnews.com Detroit—The city of Detroit filed the largest municipal bankruptcy case in U.S. history Thursday afternoon, culminating a decades-long slide that transformed the nation’s iconic industrial town into a model of urban… Continue Reading
Mike Adams Natural News (NaturalNews) This is it, folks: the final chapter of America’s great financial blowout has begun. The Federal Reserve’s decision to announce “infinite” quantitative easing has now put us all on the path of infinite money creation.… Continue Reading
Michael Snyder Economic Collapse Blog September 17, 2012 The mainstream media is hailing QE3 as a great victory for the U.S. economy. On nearly every news broadcast, the “talking heads” are declaring that Ben Bernanke’s decision to pump 40 billion… Continue Reading
Zero Hedge Sept 14, 2012 What took Ben Bernanke sixty minutes of mumbling about tools, word-twisting, and data-manipulating to kinda-sorta admit – that in fact he is lost; Ron Paul eloquently expresses in 25 seconds in this Bloomberg TV clip.… Continue Reading
Alex Jones & Paul Joseph Watson Infowars.com Friday, September 14, 2012 While Ben Bernanke’s announcement that the Federal Reserve will embark on an open ended scheme to purchase $40 billion in mortgage-backed securities each month has been touted by the… Continue Reading
Michael Snyder The Economic Collapse America is becoming a very cold place. If you don’t have money, you don’t really matter much in our society. The ads on television aren’t for you – they are directed at people that actually… Continue Reading
Joshua Chaffin ft.com June 19, 2012 Last week, Medical Service Limited, a small Athens’ supplier of medical equipment that can no longer afford to pay its employees, received what should have been a blessing: an order from one of the… Continue Reading