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18 Signs That The Global Economic Crisis Is Accelerating As We Enter The Last Half Of 2014

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Accelerating - Public DomainA lot of people that I talk to these days want to know “when things are going to start happening”.  Well, there are certainly some perilous times on the horizon, but all you have to do is open up your eyes and look to see the global economic crisis unfolding.  As you will see below, even central bankers are issuing frightening warnings about “dangerous new asset bubbles” and even the World Bank is declaring that “now is the time to prepare” for the next crisis.  Most Americans tend to only care about what is happening in the United States, but the truth is that serious economic trouble is erupting in South America, all across Europe and in Asian powerhouses such as China and Japan.  And the endless conflicts in the Middle East could erupt into a major regional war at just about any time.  We live in a world that is becoming increasingly unstable, and people need to understand that the period of relative stability that we are enjoying right now is extremely vulnerable and will not last long.  The following are 18 signs that the global economic crisis is accelerating as we enter the last half of 2014…

#1 The Bank for International Settlements has issued a new report which warns that “dangerous new asset bubbles” are forming which could potentially lead to another major financial crisis.  Do the central bankers know something that we don’t, or are they just trying to place the blame on someone else for the giant mess that they have created?

#2 Argentina has missed a $539 million debt payment and is on the verge of its second major debt default in 13 years.

#3 Bulgaria is desperately trying to calm down a massive run on the banks that threatens of spiral out of control.

#4 Last month, household loans in the eurozone declined at the fastest rate ever recorded.  Why are European banks holding on to their money so tightly right now?

#5 The number of unemployed jobseekers in France has just soared to another brand new record high.

#6 Economies all over Europe are either showing no growth or are shrinking.  Just check out what a recent Forbes article had to say about the matter…

Italy’s economy shrank by 0.1% in the first three months of 2014, matching the average of the three previous quarters. After expanding 0.6% in Q2 2013, France recorded zero growth. Portugal shrank 0.7%, following positive numbers in the preceding nine months. While figures weren’t available for Greece and Ireland in Q1, neither country is showing progress. Greek GDP dropped 2.5% in the final three months of last year, and Ireland limped ahead at 0.2%.

#7 A few days ago it was reported that consumer prices in Japan are rising at the fastest pace in 32 years.

#8 Household expenditures in Japan are down 8 percent compared to one year ago.

#9 U.S. companies are drowning in massive amounts of debt, but the corporate debt bubble in China is so bad that the amount of corporate debt in China has actually now surpassed the amount of corporate debt in the United States.

#10 One Chinese auditor is warning that up to 80 billion dollars worth of loans in China are backed by falsified gold transactions.  What will that do to the price of gold and the stability of Chinese financial markets as that mess unwinds?

#11 The unemployment rate in Greece is currently sitting at 26.7 percent and the youth unemployment rate is 56.8 percent.

#12 67.5 percent of the people that are unemployed in Greece have been unemployed for over a year.

#13 The unemployment rate in the eurozone as a whole is 11.8 percent – just a little bit shy of the all-time record of 12.0 percent.

#14 The European Central Bank is so desperate to get money moving through the system that it has actually introduced negative interest rates.

#15 The IMF is projecting that there is a 25 percent chance that the eurozone will slip into deflation by the end of next year.

#16 The World Bank is warning that “now is the time to prepare” for the next crisis.

#17 The economic conflict between the United States and Russia continues to deepen.  This has caused Russia to make a series of moves away from the U.S. dollar and toward other major currencies.  This will have serious ramifications for the global financial system as time rolls along.

#18 Of course the U.S. economy is struggling right now as well.  It shrank at a 2.9 percent annual rate during the first quarter of 2014, which was much worse than anyone had anticipated.

But if U.S. economic numbers look a bit better for the second quarter, that doesn’t mean that we are out of the woods.

As I have stressed so many times, the long-term trends and the long-term balance sheet numbers are far, far more important than the short-term economic numbers.

For example, if you went to the mall today and spent a thousand dollars on candy and video games, your short-term “economic activity” would spike dramatically.  But your long-term financial health would take a significant turn for the worse.

Well, when we are talking about the health of the U.S. economy or the entire global financial system we need to keep the same kinds of considerations in mind.

As for the United States, whether the level of our debt-fueled short-term economic activity goes up a little bit or down a little bit is not what is truly important.

Rather, the fact that we are nearly 60 trillion dollars in debt as a society is what really matters.

The same thing applies for the globe as a whole.  Right now, the citizens of the planet are more than 223 trillion dollars in debt, and “too big to fail” banks around the world have at least 700 trillion dollars of exposure to derivatives.

So it doesn’t really matter too much whether the short-term economic numbers go up a little bit or down a little bit right now.  The whole system is an inherently flawed Ponzi scheme that will inevitably collapse under its own weight.

Let us hope that this period of relative stability lasts for a while longer.  It is a good thing to have time to prepare.  But you would have to be absolutely insane to think that the biggest debt bubble in the history of the world is never going to burst.

 

  • Paul

    Michael,
    Glad to see you are still writing articles. Yesterday, I visited this site and found I could not make comments in regards to the articles listed. For a second I thought the government had shut you down. Unfortunately, it would not surprise me if that happened. Our constitutional liberties are being stripped away from us.

    • Bill

      Would be great to hear your take on this Michael, as well as why there is no Discus availability on “The Most Important News”.

    • MeMadMax

      Disqus is having issues. That’s why you couldn’t comment.

      • Bill

        Gov issues?

        • MeMadMax

          MMM, NO.
          They rebuilt their website UI…

      • Orange Jean

        It’s not just Disqus… something weird going on in cyberspace today at least. I work for Navy Medicine, this morning I got several emails from colleagues in my own department that I’ve known for years (one 8 yrs) and though I could see they had sent me an email… I couldn’t open it (I got a message instead saying it couldn’t be opened due to some kind of security concern). I had to call both people instead. Later we got a message from the IT security guys that there is something wrong with our email (Outlook) and it’s being looked into.

        Cyberhackers? Solar waves (what ever that thing is called that comes from sunspots and can damage computer communications….) or something else???

        • MeMadMax

          I work in IT too.
          Do you use anti-virus software?
          Some will strip the body of the message and all you get is garbage…

          • Orange Jean

            Thanks for the info, that’s interesting.

            I don’t work in IT (I’m on the computer all day and write code, but it’s for data management and analysis)… but yes they have anti-virus software, it’s required. I think they use McAfree (sp?) but not sure.

    • none

      U tube and goggle shut down http://WWW.THEALEXJONES.COM
      CHANNEL. For just reporting the truth.
      Strange, they did not shut down RT on Utube. It is the official broadcast of Russia. You shout check it out.

      • Jimbo

        Actually, RT (Russia Today) is a good resource if you want a more balanced view of politics and economics. I am a regular viewer of Boom Bust and The Keiser Report.

        • seth datta

          RT and AJ are both shills.

  • Bruce

    It is such a shame that so much overwhelming, undeniable evidence is at hand yet MOST either don’t believe or won’t prepare.

    • robert h siddell, jr

      The 51% are stupid enough to think Obama will save them.

      • jox

        Or Bush. Aren’t you too much biased?

        • robert h siddell, jr

          OK, I’m biased against a Black racist, Muslim Marxist, NWO Usurper. The 49% consider him the problem; besides, Bush is not POTUS.

          • Malfador

            Doesn’t matter which side the politicians are out only for themselves.

          • jox

            You will have a problem in 2016. When a wasp republican president is elected, who are you going to blame?

          • Mike Smithy

            I say we blame the predecessor. That strategy appears to work for President Zero even after 5 years. After all, I am sure the schmucks in the media will provide cover and manufacture excuses in the same manner. Not. (Sarc off).

          • seth datta

            Real racists are Soros. Brzezinski and Kissinger.

      • Jimbo

        It is not a party political issue. The USA became the richest country on the planet due to a unique set of events in the 20th century.
        Both world wars proved highly profitable for the USA and Bretton Woods gave it “exorbitant privilege” to print currency without consequence. The petro dollar allowed this ponzi to continue.
        It is downright criminal that 5% of the worlds population consume 20% of its energy and it is naive to think that this can continue forever. This is especially true as the USA relies heavily on finance provided by countries where living standards are very poor.

    • seth datta

      human nature. Only 10% of people can think rationally in any population group, when it comes to the future.

  • DesertPaine

    This is why EC ROCKS.

    But I wish you didn’t have to rock.

  • rat28

    I am going to bet that nothing is going to happen..remember media were scaremongering about the PIGS countries on the verge of collapse during the last few years. Everyone of them got saved by the central banks and the Euro has gained more strength. Some of my investment that I scooped up during 2009 have more than triple.. Every times there are more turmoil in the financial markets, it is the best times to buy.

    • jox

      Don’t worry. If you are sure that central banks can print billions every month, indefinitely, then buy, buy.

    • neal

      rat28, do you believe that nonsense or are you using dry wit sarcasm?
      The PIGS are still down with high unemployment and record debts (loans to “save” them are just more debt). Here in Australia I keep meeting new colleagues who are recent immigrants from the PIGS and none want to go back to 50- 60% youth unemployment.

  • Rodster

    Sign#19 Martin Armstrong issued a warning that the world faces civil unrest, violence and goat’s collapsing from the global economic ponzi scheme we are witnessing.

    I also encourage everyone to check out Chris Martenson’s latest crash course video.

    • Rodster

      Govt’s not goat’s, lol. Keyboard auto correct strikes again.

      • chilller

        Old goats, gubermint…what’s the difference.

      • Orange Jean

        Are you sure? We’ve had news locally that the plan to use goats to mow weeds in public areas around Norfolk VA was a total disaster!

        • butch waggoner

          So what did you expect with union goats?

          • Orange Jean

            ha ha!

  • Daystrom2012

    As someone who has watched the prophetic landscape for the last 20 years or so I think (through my own observations) that people are on overload and to a point of apathy and in some cases flat out denial. I could go back a few years and read the same mid east war scenarios that are currently at play, I remember author Bill Salus saying that he wouldn’t be surprised if Israel launched a pre-emptive strike upon Iran during the last year of Bush’s term. And when people are constantly being told that something big is about to happen but that date keeps getting pushed down the road because of this reason or that, it’s easy to see where Peters prophetic warning about the last days generation comes into play….2Peter 3:3-4 Knowing this first, that there shall come in the last days scoffers, walking after their own lusts,And saying, Where is the promise of his coming? for since the fathers fell asleep, all things continue as they were from the beginning of the creation.

    • jox

      It’s funny that you christians have allways some fragment of the Bible that, if interpreted freely, sounds more or less aproximated at what is happening. 2000 years wrong, and still insisting.

      • Orange Jean

        Maybe its something more like fall coming….

        that is, where I grew up in New England, we loved the fall foliage but that time of the year there was always a sense of anxiety that maybe winter would come and never go away… or you would run out of fuel and freeze to death.

        All the years I lived there (most of my life)… every fall had that same creepy feeling. I even tend to go up for family visits that time of the year, because it other places (CA and now VA) it never FEELS right… without that underlying sense of dread… that WINTER is coming!

        • Orange Jean

          There is also the fact that 30+ years ago I used to tell my friend Martha… that I thought we were going to turn into a 3rd world country. Was I prophetic?

      • DJDOG

        Man you are one lost soul….

      • Chimera

        What’s funny is that you don’t see Bible prophecies already fulfilled and are being fulfilled as I write this. I hope you don’t comment on things you have no understanding of in the future. Of course after reading some of your other posts I realize you’re an utter buffoon.

  • say no one ever

    nah.. it will be never going to burst. FED will do everything they can to prevent that. If Fed fail, we still have Bruce Wayne, Tony Stark, Captain America, Hulk, Superman, Spiderman, X-men, deadpool etc to save the day, right?

    • MeMadMax

      Close but not quite.
      FED will go to the World Bank or UN and get a bailout with severe austerity measures and then it will be fun.

      People don’t really know that there is the UN ready to pounce on us with a web of measures and control…

      And a president that is willing to do it….

      • Bill

        Didn’t the US bail out the UN at one point?

        • MeMadMax

          No. We continuously give them money and we are the largest contributor to the UN coffers.

          • Bill

            Perpetual bailout?

          • MeMadMax

            No, it’s required as part of the UN charter that the US signed back in 1945. We also gave them control of our military to the UN/NATO as part of the deal. Go read the UN charter.

  • JailBanksters

    All I know is, Censorship on Ferengi owned News Forums has increased several fold past few weeks making any comments about Bankers, Reserve Banks or Ferengi. This basically tells me the end is nigh. And is running exactly to Nineteen Eighty-Four

  • Jimbo

    If you wind the clock back 30 years, people took an interest in politics and economics. They didn’t have as much information to hand but without the distractions of reality TV and celebrities, people used to talk about politics etc with eachother. Also, more people had suffered real hardship or knew people who had suffered. WWII was still fresh in the minds of many as were Korea and Vietnam. People saved for rainy days and very few had credit cards.

    Now we have more information from more sides of the argument but we also have a population that has been largely lulled into a false sense of security.
    The next meal can be bought cheaply from a drive through burger joint. The government can fix the economy anytime it likes by tweaking an interest rate or printing a few bucks. If we need some cash, we can put a bit of plastic into a hole in the wall and pay it back someday in the future. We will retire at 65 with a nice big pension and live till 100+.
    The fact is, that what is coming is obvious to those of us that take an interest in these matters, but sadly, the majority of people are not interested. They will riot to be the first to get the latest iPhone but they will allow their governments and the banks to rob them of their freedom and economic well being without so much as batting an eyelid. They don’t even realise it is happening.

    • kfilly

      It is weird. It is like the elites have a script they follow to destroy countries. Perhaps, the elites just know history while the average “Joe” couldn’t tell you a anything about the past. Anciet Rome and ancient Greece fell through a corrupted population, corrupted political system, and fell under a dictatorship. We are following the same path, and a majority of people could care less. As the saying goes, those who don’t know history are destined to repeat it. Get ready Amerika.

      • robert h siddell, jr

        Aside from being naturally stupid and uneducated, what does the 51% care about except voting themselves more government largesse.

        • Russ Mathena

          As long people will vote for social issues like antigay, antibortion and the plethora of “religious” issues instead of tax increases to lower interest rates on the debt and so on, the corporate world will keep paying no taxes, pollute and deregulate consumer issues, there’s no chance your kids and their kids will ever be out of debt. Healthy economies have high money circulation- the squeeze on the middle class is straight out of think tanks to turn all into wage and interest slaves.

          • Airedale

            Social issues aside, people have become too fiscally irresponsible in their personal lives to even translate in their voting record. The far majority don’t vote and don’t even care to vote. We American’s have damned ourselves through sheer willful ignorance and self absorption. We’re too damned self centered and selfish to care for what is best for the country and it’s future.

          • monicadsmith

            My Uncle
            Riley got an almost new red GMC Canyon just by some parttime working online
            with a laptop. visit their website C­a­s­h­f­i­g­.­C­O­M­

          • Twisk

            What you don’t get is that battles against abortion or SSM have to do with much more than religion. They are battles against a social deregulation that’s connected to ultra-liberalism and corporate interests. Abortion is a huge business, so is SSM (though surrogacy, for instance, amongst other things). Why do you think Goldman Sachs supports SSM?

            All that is summed up by the word “deregulation” (of the market, social, it’s all one). It can also be spelled across the board destructuration, or destruction for shorts.

        • seth datta

          Not that simple. Its Coward-Piven plan, but even the average taxpayer benefits from a regime that profits from foreign wars and themselves is benefitting from US gov policy (an arguable point, but there is merit to it).

          • kathrynddaniels

            My Uncle Riley got an almost
            new red GMC Canyon just by some parttime working online with a laptop. visit
            their website F­i­s­c­a­l­p­o­s­t­.­C­O­M­

      • David

        …and those of us who HAVE learned from history are forced to watch the painful lessons as they repeat the errors of our various ancestors.

        • seth datta

          the collapse point is where we go cashless

          and the masses will take the mark of the beast to live..

          ..and regret it for the rest of their (painful) lives.

      • jane bobsky

        We’ll put. Dumbed down and drugged culture watching soap operas.

      • seth datta

        Actually, Ancient Babylon, Rome and all other major empires fell according to the same script:
        (1) local currency made fiat/degraded
        (2) families broken up
        (3) mass unregulated immigration sponsored by the state
        (4) social collapse as society become ghetto-ised
        (5) economic collapse and hence collapse ot the empire as soldiers could not be paid any more

        They are following the same script as their forebears, on purpose.

    • Orange Jean

      30 years ago my parents were still alive also… and both of them grew up in the Great Depression (my mother as a child and my father as a teenager/young man).

      • Jimbo

        I was born in the East End of London in 1961 and we lived in what many would consider today as abject poverty. A lot of East London was in ruins even 20 years after the end of WWII.
        I lived through the power cuts and high inflation of 1970’s Britain and the recession and high unemployment created by Thatcherism.
        I emigrated to Australia and I have always worked, saved for things I wanted and been careful about what I throw away. I have a very good standard of living now but I know what can happen when things go wrong because I have experienced it.
        I take an interest in politics and economics because it is those things that gave us every war, recession and depression of the 20th century and those things will happen again.
        It is even more likely to happen now than before because we have more people, fewer resources, lower savings and higher debts. We also have complacency at all time record highs (there should be an apathy or complacency chart).

        • Orange Jean

          Well you certainly have an interesting personal history.

          I was born in 1950 and also had years of living in deep poverty (my own fault, I got pregnant when single at age 18 and had to raise my son on my own). I have memories of what it was like going hungry, being homeless or near homeless (we spent some time living in a tent when my son was a baby). Figured out how to “fix” things in my life and am doing much better, at least economically. But you NEVER forget the worse case scenario… it makes it darn hard to be apathetic.

          I guess the majority who cannot see the writing on the wall… it’s because they have not experienced hardship.

        • El Pollo de Oro

          Jimbo: Did you live near Bethnal Green when you were on the East End? I used to take the #8 bus a lot visiting someone I knew in Bethnal Green (that bus goes from Victoria Station to the Liverpool Street area to the East End). These days, London is so gentrified that even the East End is expensive as hell.

          • Jimbo

            I lived in Poplar which is very close to Bethnal Green. The East End is still very impoverished when you look at the tower block estates.

        • seth datta

          don’t come back to the uk. On the surface its rosy but in 10 years this place is ground zero for hell.

    • butch waggoner

      .. also thirty years ago we didn’t have a traitorous press applauding on cue and a media who’s full time job was covering up the truth.

      • Mike Smithy

        70 years ago we bought war bonds to finance WW2 and Americans shared the burden. Since then, every military conflict has been financed by arbitrarily running up the national debt and expecting future generations to pay for it. Very sad indeed.

        • seth datta

          hint: the british banking family who you fought in 1776 now owns 54% of the FED

    • K2

      They ‘allow’ the govt and banks to rob them? What should they do? Take up arms and march to white house and wall street?

      • Jimbo

        They could avoid the banking system where possible and be a bit more constructive when voting. But yes, they could also take up arms and march on Wall Street and the White House.

        • K2

          How is the banking system to be avoided? If one wants to buy a house, car,education most of them cant afford it on their own so they need to take a loan.

          And vote for whom? everybody is the same.

          And marching to the wall street and white house will led them to be thrown in jail.

        • K2

          Its is easy to tell others to do something, but the hard part is offering pragmatic advice on what exactly they should do.

          Even a school kid can tell people to rise up or wake up or take up arms. Because these words have become common ‘talking points’.

          But offering useful advice….now thats the hard part.

          I wish people here offer real concrete advice, not just commonly used just ‘talking points’.

          • Jimbo

            Join a credit union, keep excess savings in tangible assets (gold, silver etc). Join pressure groups that suit your ideals. Grow a brain. Think for yourself.

          • K2

            I thought about all those. Credit unions dont offer house/car loans and edu loans. And pressure groups dont achieve nothing…well almost nothing.

            I am not directing this to you alone, but everybody who post comments. don

            A few weeks back on an article about russis using its own currency, every body whined about US not doing anything. But when i asked people ,what the US should do, nobody…none said what is should do.

    • seth datta

      I know, we live in an idiocracy:

      “Give me slavery or give me death!”

    • pattilderrick

      just before I looked at the receipt ov $8130 , I
      didn’t believe that my sister woz like actualy bringing in money part-time from
      there pretty old laptop. . there aunts neighbour has been doing this 4 only
      about 22 months and at present repayed the mortgage on their appartment and
      bought themselves a Chrysler . see here C­a­s­h­f­i­g­.­C­O­M­

    • kenyattagward

      Josiah . although Jacqueline `s stori is surprising,
      last week I bought themselves a Chrysler from having made $5060 thiss month
      and-in excess of, 10/k last-month . it’s realy the easiest-work I have ever done
      . I started this 4 months ago and pretty much straight away was bringin in at
      least $78 per-hour . why not look here C­a­s­h­f­i­g­.­C­O­M­

    • kenyattagward

      My Uncle
      Riley got an almost new red GMC Canyon just by some parttime working online
      with a laptop. visit their website C­a­s­h­f­i­g­.­C­O­M­

  • MeMadMax

    “when things are going to start happening”…

    Come on down to lost angeles or take a trip thru skid row city san fransicko…

    Or better yet, tell em to go to detroit.

    ^.^

    • MeMadMax

      Hey I know, tell em to go for a ride down the I5 in california, and see if their cars’ suspension survives the ordeal. Or if they even make it period…

  • chilller

    And our gubermint believe itself so grandiose it must have bunkers and plans in place to save it’s own sorry behind…for what? To come crawling back out some day and continue or restart another mess like this all over again!?
    I don’t think so….

    • robert h siddell, jr

      We should be able to know who they are since we paid for their underground shelters!

      • kfilly

        Under the White House and Denver’s new international airport.

        • robert h siddell, jr

          I’m asking WHO gets to enter not where they are (ans: ref the list of who gets the no recourse 1% loans…)

          • kfilly

            That will be the top levels of government. The really important people. The very same people who have been leaching off of the rest of society for most of their lives. I am sure they will take a few of their crony friends along. I am sure the shadow government built their own bunkers from the money they stole from the people so they should be fine.

          • seth datta

            banksters
            bush
            gates
            geithner
            etc..

            some slaves to work

    • teller123

      Perhaps once they are in their holes hiding those of us that are left on the outside can make sure they never come out again. That would be justice.

      • neal

        A common method of dealing with rabbit plagues is to run a plough over the warrens to bury them (alive) deep underground. Or to pour smoke, water and other stuff down the openings (airholes). Do the same to the trash in the government insiders/TBTF powerbrokers bunkers once SHTF and as they are all together it leaves those of us up top (the outsiders) to rebuild a better society.

      • seth datta

        obama may like golf, but i heard he likes the back entrance

        hole in one!

  • XSANDIEGOCA

    Many disturbances in the Force. Too many. While it is true our problems have always been with us, the level of debt private and public is simply unprecedented even taking inflation into account. We are very vulnerable to any shock. When the levee breaks, it will resemble the Thailand Tusnami.

  • Parvinder Jit Shawker

    You can read all this nonsense but its Simple. Money printed out of thin air passed to buddies in goverment.The efftec is that they use this to buy assets and get richer. Effect on poor people is that get poorer as cost of living goes up through inflation stealth tax

    • robert h siddell, jr

      If you earn cash illegally, TPTP take it from you but if they get millions of counterfeit from the FED or a bankster buddy at less than 1% to make exploitive “investments”, it is legal.

  • K

    The other day I saw another sign of economic problems. I was on a car dealers lot. Outside of full size pickups, his inventory was pathetic. Some models, not a single example on the lot. The more popular models, two or three. Now, I only go vehicle shopping, about once every 12 years. So maybe it has been this way awhile. Not much surprises me, this did. On that entire lot, not one vehicle that would have met my needs.

    • robert h siddell, jr

      I’d like to replace my 1999 Tacoma 5 speed but there is nothing like it; the salesman was interested in one too.

    • Priszilla

      i started running to work. instead of that car i bought me some running shoes.

      • K

        Town is 12 miles away, and 4100 feet down mountain. Might make it into town, but at my age the run back would kill me.

        • Priszilla

          4100 feet is like 41000 toes?

      • Malfador

        I just started biking to work. 11 miles round trip and I never felt better.

        • Priszilla

          I walk/run 8 miles every day to work and for shopping.

    • Mike Smithy

      Last month, I was looking to purchase a “no frills” 2WD, 4 cylinder Ford Ranger pick-up. I was surprised to discover that they no longer make anything like that. However, plenty of new Ford F-150, 4WD gas hogs for sale. I really don’t understand it.

      • K

        Yeah I know the feeling. Be careful on bringing in anything from Mexico. Unless it is identical to the old Ranger, it has not passed U.S. crash tests, also probably does not have any of the anti-air pollution gear on it. If you can stand the thought of GM, the Colorado is coming back in 2015. Also the basic Nissan Frontier is still around, at a decent price. Just be aware, mechanics tell me Nissan is hard to work on.

      • Bill

        Illegals come on over, Ford Rangers stay out!!!!

    • John

      Maybe their sales have been so good they are out of many of the most popular models.

      • K

        Anything is possible. But I usually can read people fairly well. The look of fear was in the salesmen s eyes. I was also the only customer on the lot.

  • Parvinder Jit Shawker

    History teaches you one thing is that the rhetoric chanages along with the clothes fashion . But its the same game of human chess wherre the power pieces devour the pawns . The power brokers make the laws and uses lies, manaiupulation and agression to make a grab on all the resources so that they can be on top of the value chain. Its a modern day goverment mafia who are running rackets to further own interests. We need to change this ponzi system where all the key worlds resources re in the hands of few. They have no right to monopolise as these resources belong to the inhabitants of the earth. We need a new pardigm where the people collaborate to be inoovative for the whole of humanity. These parasites are devolving the human race .
    Lets work on solving the real problems in the world
    I would sanction
    free education
    Free internet acces
    Employment for all
    Energy development and new transportation

    Too much money is being channeled into warfare and meaningless recycling of money

    • me

      lol won’t it be great if the companies that are making al these waves sold bought or hell gave them away for free. how much does aprivate jet cost and you think they will give free education that acyual educates. you said it too much money for wars and yet 90 percent of the entire world population doesnt like war, do you build guns, ammo, bombs, how about own a train, plane or ship. you fix the people that have and act on ideas that enslave directly or inderectly the world population, their is not thing as free education on spreadign of knowledge. the internet has more information at peoples fingers tips then ever and facebook, youtube and twitter are the main sources of info. emply all why do we have to work? air, water, food, shelter, is free if tool bags would stop telling everyone and making them believe that someone can own the water. dams are turniquets on the world, non diverse crops exscalate poverty. hunger, and malnutrition. and someone sits back and builds an uindustry on saving lives treating symptoms not causes.

    • toadsticker

      Watch Apocalypto. The elite sit at the top of the tower making their absurd, inane rules and laws that they don’t follow. They sacrifice people to appease the gods. And the general populace, at the bottom of the tower, bend and adhere in an insane manner to these absurdities, inanities and mysticism in an effort to conform and belong. And keep from being sacrificed themselves.

  • Darth Maul

    The Nasdaq is at record highs, and you are talking about a crisis.

    Get a life!!!

    • jox

      Probably you are right. Buy stocks! Become rich!

    • kfilly

      I went to a local Best Buy to buy a over the range style microwaves the other day. I looked at a few models, and none of them were in stock. All had to be ordered from the warehouse. Other large stores are alsi cutting back on stock. Why would they do this if the economy is booming?

      Could the reason that the stock market is up is that the Federal Reserve gave a bunch of money to the big banks? Where do you think the big banks put there money? They put it into the stock market which they manipulate. I have a suggestion for you. Place all of your money into the market. Go big. When the bankers pull the plug, they will steal all of your wealth. When the people are left broke and penniless, they will become good little communists.

    • aedelaossa

      Isn’t that what they refer to as a bubble?

  • alan

    I still think they have many tricks up their sleeves and this will drag on for a long time. But it seems lately there are a lot of distractions coming faster and faster. Almost like they are anticipating something and are trying to have a smoke screen going when it hits. I am sure they have plan B and Plan C ready.

  • selaretus

    Yet the vast majority of the American sheeple dumb- dee-dumb along in a brain dead coma, living in the economic recovery lie that the Fed, market shills and Oboob administration regurgitate. I’ve stopped saying anything about what is really going on; nobody wants to hear it. Everyone wants to believe that thier comfy retirements are secure and those ‘portfolios’ represent true wealth. As I have heard it said, who is going to buy those over valued stocks, bonds and houses when you decide to cash out?

    • truth be told

      The collapse is going to happen very soon.

      The ignorance and stupidity of the general public never ceases to amaze me.

      • kfilly

        I think it will happen in early 2015. I heard of a few monetary issues that Congress refused to pass. That’s why the big 0 wants gun control after the 2014 elections.

      • seth datta

        it is already happening in slow motion..

        there will be no patriots or dissidents left in 10 years

        all to be removed from society BEFORE the real collapse in 10 years

        and the sheeple willl accept the cashless economy

    • seth datta

      Are they dumb?
      Or in denial?
      Or even willing participants in their slavery?

      Only 3% of the population in the days of the founding fathers fought for freedom.

  • truth be told

    The US is NOT RECOVERING.There never was a recovery and there never will be a recovery. We are at the end of our civilization.

    Want proof there will never be a recovery. Not only have middle class jobs been outsourced by NAFTA, destroyed by the bankers and politicians, but technology is now replacing jobs. Not creating jobs but replacing jobs- in other words, automation.

    Google have developed the automatic self driving car- now the company uber plans to destroy taxi cab drivers and their livelihoods with this new technology. Sickening. Google is an evil corporation that are in the process of developing cyborgs that will automate most jobs done by humans.

    When will this madness end? Never. What we brand as the destruction of our society, they will brand as evolution.
    Bill Gates has warned that jobs will be replaced by automation and computers in the future. This also corrolates with the report by Oxford University, which confirms that around 40-50% of jobs will be replaced by technology.

    I do not just blame the elite. I also blame the general public. As long as you continue to use smartphones and apps, then expect more jobs such as banking branches to close down, which is happening at a rapid rate.

    Your chidren will not have a future.

    • jox

      Another primitive luddite that would prefer living in a cave, hunting with sticks and stones. Technological development is evil!

      Bah, take a real look at the society, and you’ll see that we are living the best times in the whole history of humanity. Of course there are problems. We need to solve them, not to return to a primitive (and only supposedly) better state.

      We need to change the economic model, to share the huge wealth. You can return to work the land with your hands and a horse, 80 hours a week, poor and hungry, if that is what you want.

      • truth be told

        When technology replaces jobs, people will not have an income. People will riot and die.

        I guess that logic will not fit into your head.

        • jox

          Primitive people want to return to the cave. Modern people want to change the model of society, specially the (unfair) distribution of wealth.

          • truth be told

            Modern people won’t be alive when their modern technology replaces their modern jobs.

          • Priszilla

            i never use the automatic checkouts in the supermarket.

          • jox

            That’s wonderful. You are creating many jobs. Of course I assume you grow your own vegetables, your own meat and milk, and make your own clothes. Or only buys clothes made by hand. One every five years, as ours grandfathers did. Be poor, hungry and die young, it’s not wonderful?

          • Priszilla

            What has one to do with the other?

            When I buy wine I prefer Italian wine. Lamb from Ireland instead New Zealand, Wool from Wales or Scotland.

            Why use automatic checkouts and kill jobs?

            I try to buy seasonal veggies grown here in UK. Or Europe. But my herbs are standing on the windowsill and get watered every day.

            I might be poor. I saved some money, and used my savings to buy a house for my parents, in cash. No mortgage, no interest, no foreclosure.
            But I never owned a car.
            No insurance, no car tax, no fuel, no fuel tax.

            Different people have different priorities.

            Most of out furniture (except the beds) came pre-owned. I repair damaged things, and if I don’t need them or they become too small, I donate them.

            I know, it’s bad for the economy, but good for landfills.

          • jox

            Look around. I don’t look many people working with their hands, but many modern people living very well, the best moment in history. Perhaps everybody is wrong except you.

          • truth be told

            I suppose in your head globalisation and automation is a fairy tale.

            You really need to stop smoking whatever the hell you are on.

          • john mccann

            You dictate to people what they can and cannot have and take things away since government cannot provide everything and you will no longer exist.

      • British Bird

        What I think is needed is a legal limit that only lets people work for 24hrs a week. Hear me out…..a paradigm shift is needed, as technology can do so much of our labour these days. If we ALL could only work 3 days a week…..unemployment would be wiped out and sorted, prices would adjust to reflect the average income i.e loaf of bread in UK costs approx $3.00, in India it’s 20 cents. We would all have a fantastic amount of leisure time to spend with our families, which again can only be positive and would create an amazing leisure industry which would help with employment even more. We have been brain washed by TPTB that we must work 40, 60 hours a week. During the feudal system in the UK even the surfs only had to spend approx. 15 hours a week for their Lords. Just a thought

        • Jimbo

          When I started my first job in 1979 I worked 40 hours a week. I still do 40 hours now. The job I do now would have taken 3 people in 1979. I am an engineer and I do all of my own drafting using Autocad, I type my own letters in word and I manage my own budget with accounting software.
          Most of the benefit to workers of labour saving developments has manifested itself in lower prices. As labour costs dropped, the first companies to use these initiatives grew profits. Then as other companies jumped on board, competition forced prices down.
          The next wave of labour cost reduction was to outsource labour to cheaper countries (China, India etc.).
          Again this forced down prices which softened the blow of falling real wages and led to the west relying on consumer spending for an average of 70% of its GDP.
          The final wave of this shift in labour pricing will be rising wages of low paid Asian workers which will force prices back up as they themselves start to earn enough to become consumers in their own right.
          Consumers in the west will struggle to afford the goods supplied by the Asians and our living standards will drop as our retail sectors collapse.

          • john mccann

            Your analysis is 100% correct.

        • john mccann

          Sounds like a great idea if you live in a total Socialist world and do not want or have anything. Everyone is not created equal since some people want more out of life then just to eat drink and die. I would die first before I would live in a 600 square foot apartment with my wife and everything I owned was on my back.

      • Tom Dockery

        We don’t even have the freedom to invest our money as we see fit,so how could it be the best of times?The Supreme Court wouldn’t even hear NJ’s sports investing case.Just because the 99 per cent is too lazy to making money by investing in sporting outcomes,doesn’t mean that everyone is.

      • john mccann

        Technology is here as long as a society is driving it but when chaos comes this no longer exist. Think of Katrina and multiply it but 1000 and that is what you get when we have social dysfunction.

    • Priszilla

      why do you use a computer to write this and not a letter delivered by a postman?

      • truth be told

        Why do you bother even commenting at all?

        What is your alternative for humans when jobs are replaced by technology?

        • Priszilla

          What happened to those chariot drivers and horse riders?

          Do you live to work, or do you work to live?

          What if you wouldn’t need to work for income, because your expenditure shrank?

          If robots would grow my food, I had no need for that oxen to pull my plough.

          Instead I could use my time to tell stories to little children about times long past, how we put tapes around spools to listen to music.
          Or just lay in the grass and watch the clouds.

    • Kelly

      And if technology is now replacing jobs, and this country (and world) is full of people that can’t work because there are no jobs… but have to eat (and therefore need to be fed)… what do they become? What do they become to the powerful? They become an unnecessary drain on natural resources… hmmm, and what will they do about that????

    • seth datta

      the mark of the beast is how people are already enslaved to worship this false economic system based on genocide of others and themselves

      they give power to the beast by doing nothing and saying nothing..

    • john mccann

      Healthcare kios machines are being tested all over the us and it is eliminating all nurses and receptionist for basic health examinations like
      blood pressure, heart rate, sugar testing, basic blood test , urine test, and inr. You walk up to the machine put your hand in and swipe a card or it reads your bio chip and takes your blood and you put the urine on a slide and place it in the machine.

  • CryingWolf

    Michael has been saying this ad nauseum for 3 years. Same song over and over. There is some story about a boy and a wolf.

    Better to be prepared than not, for sure, but for folks like me who thought this would crash by tax day 2013….you’re thankful that all is well, but almost numb to Michael’s daily (insightful) articles.

    • British Bird

      But the wolf eventually came…….

    • TtT Engine

      Michael modified his doom cast to a gradual deterioration, although a sudden and swift financial collapse is certainly not out of the question. He always ends with prepare as best you can. We are $17.5 trillion in debt and have promised $130 trillion in long term obligations in which there is no money for. Look at Detroit, Baltimore, Camden and many other of our once proud U.S. cities. Look at the debt load of states like California, New York, Illinois and New Jersey. Look at the explosion of the food stamp and government entitlement crowd. Look at the chronic unemployment and the 100 million people out of the work force. Look at 50% of our college graduates out of work or grossly underemployed. Moral decay always precedes financial decay. Yesterday’s “In God We Trust” has truly become a Romanesque, Godless abortuary. And Now We Bust. ! Only God knows the day and the hour. May God spare the faithful. Christi Fidelis !!

  • Gary

    Michael,
    How about doing an article on who is one the other side of this debt. Who do we owe all this money to? This is important issues as well.

    • Jimbo

      Here you go.

      Foreign – $5.724 trillion
      Federal Reserve – $1.794 trillion
      State and Local Government, including their pension funds – $703.5 billion
      Mutual Funds – $946.4 billion
      Private Pension Funds – $457.7 billion
      Banks – $341.4 billion
      Insurance Companies – $263.3 billion
      U.S. Savings Bonds – $181.7 billion
      Other (individuals, government-sponsored enterprises, brokers and dealers, bank personal trusts and estates, corporate and non-corporate businesses, and other investors) – $1.497 trillion.

      (Sources: Federal Reserve, Factors Affecting Reserve Balance, March 28, 2013; Treasury Bulletin, Ownership of Federal Securities, Table OFS-2, as of March 2013)

      • seth datta

        u owe it to rothschilds uk

  • truth be told

    Wow. There are so many idiots and sheeples on this forum posting the most ridiculous comments, insulting us who know that the economic collapse is coming and that technology is posing a threat to our livelihoods and jobs.

    Yeah technology is so great, lets get rid of manufacturing employees and replace them with robots, lets shut down more bank branches and get rid of the employees, lets get rid of taxi drivers and delivery employees.

    Wait till the riots happen. Lets see if your smartphone and app can save your lives then.

    • rat28

      Don’t worry so much.. The government will make sure those wealth created by the robots will be distributed to us human being.

      • truth be told

        No the government won’t.

        The government does not care about the nation’s people. That is why there are over 100 million Americans out of work. Government allowed NAFTA to go through which has resulted in millions of jobs to be outsourced.
        Government takes orders from Goldman Sacs, JP Morgan, the Bilderberg group and corporations. The power elites will make the wealth, not the average people.

        Government does not care about you or your family. The government is prepping up for civil war. They have militarized the police, trained them up for martial law, have fema camps set up etc.

        They know the economy is going to collapse and there is going to be civil war.

        That is the truth.

        • robert h siddell, jr

          So true; the elite will take care of themselves and the 99% will starve in FEMA camps.

          • seth datta

            its started..

        • rat28

          Obama care about the poor and middle class.. It is the GOP and Tea
          bagger that is siding with the corporate and big business to screw the
          small people .. Once we vote these people out , I am pretty optimistic that a fair and just society for the working class will emerge!

          • truth be told

            Obama’s campaign was funded by Goldman Sachs and JP Morgan.

          • kfilly

            Keep telling yourself that.

        • seth datta

          Obama’s advisor said they’d have to kill 10% of the population who would not accept the new regime in the future.

      • seth datta

        Hahahahahahahah

    • chilller

      Interesting that it’s this same technology that Ted Kaczynski, aka the unibomber, was so adamantly opposed to. He was a certified genius and was able to see what the coming of all this new tech would result in.

    • seth datta

      I am also much more worried about the idiots and sheeples who have NOT yet understood the need to come to these forums.

  • frank1569

    Bears repeating: ‘There’s a financial crisis every 5 to 7 years.’ JPMorgan Chase CEO Jamie Dimon.

    We’ve been warned.

    Meanwhile, what does ‘prepare for the next crisis’ mean to the at least half of us living paycheck-to-paycheck?

    Answer: nothing.

    • aedelaossa

      Thank you for hitting the nail on the head!

  • Tractor

    screw that crap, who is on American idol tonight?

  • Priszilla

    You want to prepare for winter? dont schedule it for december, schedule it for august.

    want to save for a bad time? do it when your wallet is full.

    • RealityCheck

      In other words, “dig your well before you are thirsty.”

  • jsmith

    Michael, I have read up on the German hyperinflation of the 1920’s and how it destroyed their currency and gold and silver went through the roof. If this happens here in the United States, or if there is a Dollar devaluation, how does this affect the average person? Does it mean that millionaires become paupers instantly if their assets are in stock or savings? Do property values sink? I have read about gold going to $5000.00 to $40,000.00 an ounce. Will one be able to buy a house with a few ounces of gold or silver. Just what type of scenarios do you see as being possible?

    • danbax

      thats what I want to know too… is it going ro be more than just a stock market drop? I know 2008 effected people, but it didnt effect me… so how will this bubble pop effect things?

    • robert h siddell, jr

      Hyperinflation and urban communist revolt

  • danbax

    so what will actually happen?
    will the stock market disappear?
    will people be rioting since there will be no food?
    no power? no gas?
    what exactly would happen ?

    in 1987, and 2008, the stock market dropped…so what

    why will this time be any different?

    • seth datta

      tell that to FEMA as they pull up your driveway..

  • Jodi

    Typical apathy among zombie citizens.

  • Firstgarden

    The Global Economy:

    ” I’m melting! melting!
    Oh, what a world! What a world!”

  • A Dodgy Bloke

    I think the end is close I heard on Mondays John Batchelor (A Podcast I would highly recommend) There are over forty million empty apartments in China. The situation in the Ukraine is starting to heat up. The problem is most people get their news from the MSN and are not aware what’s happening. Few people are prepared, fewer understand what’s going on.

    • Jimbo

      I worked in China and the number of empty apartments is staggering yet they continue to build more.
      The same thing happened in Ireland a few years ago. Property prices were rising, new developments were started to take advantage of the rising prices and labour costs rose as unemployment fell. Workers had more money and bought more houses and a property super cycle kicked off.
      Then suddenly, the whole thing ground to a halt. Developers couldn’t sell, construction workers were laid off and boom turned to bust. There are ghost suburbs around Dublin where construction stopped so suddenly, that houses were left without roofs.
      The frightening thing about China is that it consumes 34% of the worlds steel production for construction works. If that slows or stalls, the knock on effect for the rest of the world will be massive.

  • GSOB

    $16,787,451,118,147

    1 Corinthians 15:58

  • chuck

    All I know is that autos seem to be selling like hot cakes and the US stock market makes almost daily highs. Where is the problem? I say that tongue in cheek as the financial collapse will usher in one world gov. and the anti-christ.

    • K2

      Super cheap auto loans.

    • john mccann

      We can keep going as long as we can keep borrowing but there comes a time when you will no longer lend your neighbor you tractor and that is the breaking point.

  • Tatiana Covington

    All this debt is just a mathematical rathole we’ve let ourselves stumble into. It’s all in our heads… hit the delete button.

    • davidbyrden

      Yes, that’s one way of looking at it. All these numbers exist only in computers. They don’t matter.
      HOWEVER, the people who believe in these numbers are creating and moving many solid, physical goods, including food, around the globe.
      When belief in these numbers comes to an end, the flow of physical objects will change radically.
      It would be a good idea to ask if your locale is a net importer or exporter.

  • RedPillPlease

    The BIS is the head of the snake, the Rothschild headquarters. Is the coveted “cashless society” of the Illuminists just around the corner? I’ve heard it referred to as the “Phoenix,” the “Order out of Chaos” solution.

  • Good read Michael. That’s it isn’t it? 700T in debt on a global level all by design. When the world system as we know it crashes another will be presented as the “only option” to save the world.

    Nothing has changed from 2008 financially, except they have exacerbated the situation to new levels. You are right, there will be a collapse and it will not be pretty.

  • squashpants

    Michael, your comments are well taken, but as I read those at the end of the article, I thought how the Democrat and Progressive faithful would comment that “he is just setting it up so that when the turnaround comes in the next Quarter, he can discount it. It is just wishful thinking on Snyder’s part.” Does anyone think differently about this possibility?

  • ian

    Exact same article as from a year ago this time.

  • Bill

    Michael, your other site about important news is fantastic BUT, how doors one use the great Discus to join in?

  • butch waggoner

    In 1984 we did not suffer a militarized police force, a militarized Internal
    Revenue Service, a militarized EPA, a US AG who refuses to prosecute
    outright black on white hate crime or is widely understood to be involved in a program to
    send weapons across borders to drug cartels in an underhanded attempt to attack the second amendment.
    We didn’t have a President who orchestrated an invasion of Central American children to force a political issue.

    What we did have was
    a press that was willing to ferret out any indiscretions in public
    officials and report them.

    It isn’t a stretch to say the current media actually got a
    President elected and then re elected by refusing to report fact and going so far as to outright lie on
    national television to the American voters in support of the claims of a madman.

    I
    know where you are going with the Illuminati and Freemason angle but
    frankly there isn’t much to do about that level once you give ultimate
    control of currency creation to the Royals as we did in 1914- if you do have a simple forthright solution please tell me how. ..meantime try to stay on subject..

    • GoldDust

      I would reference historical legalese actually. The Five years of debates over the COTUS and Articles of Confederation. How the news papers of that time lied about the convention. How the first president had tax protestors against coercive taxes arrested and or shot. As far as the Freemasonry goes they built this nation, thats a historical fact. Freemasonry has several levels of enlightenment, illumination. Thats all Illuminati stands for. Enlightenment. The way to repair this mess would be the same way they created it themselves, by taking over education and turning this society into unread profane historically and legalese illiterate dumbed down citizens believing in myths and fairy tales, thus I’d reverse the social engineering. It’d take about 75 years. You’d just have to let the dumbs die out because they won’t listen nor change.

  • davidmpark

    “Verily, thus saith the Lord concerning the wars that will shortly come to pass, beginning at the rebellion of South Carolina, which will eventually terminate in the death and misery of many souls;

    And the time will come that war will be poured out upon all nations, beginning at this place.

    For behold, the Southern States shall be divided against the Northern States, and the Southern States will call on other nations, even the nation of Great Britain, as it is called, and they shall also call upon other nations, in order to defend themselves against other nations; and then war shall be poured out upon all nations.

    And it shall come to pass, after many days, slaves shall rise up against their masters, who shall be marshaled and disciplined for war.

    And it shall come to pass also that the remnants who are left of the land will marshal themselves, and shall become exceedingly angry, and shall vex the Gentiles with a sore vexation.

    And thus, with the sword and by bloodshed the inhabitants of the earth shall mourn; and with famine, and plague, and earthquake, and the thunder of heaven, and the fierce and vivid lightning also, shall the inhabitants of the earth be made to feel the wrath, and indignation, and chastening hand of an Almighty God, until the consumption decreed hath made a full end of all nations;

    That the cry of the saints, and of the blood of the saints, shall cease to come up into the ears of the Lord of Sabaoth, from the earth, to be avenged of their enemies.

    Wherefore, stand ye in holy places, and be not moved, until the day of the Lord come; for behold, it cometh quickly, saith the Lord. Amen.” D&C:87 1-8

    In the LDS faith, we believe that the consumption decree war mentioned by the Prophet Daniel (Daniel 11-12) and the war leading to the Battle at the Jezreel Plains to Jerusalem (Armageddon) is taking place now. it started with the USA/CSA war and has never ceased. There will be no more nations at the end of it; only three major forces will remain by the time Armageddon is fought: Zion built on the American Continents, Israel, and the remnants of nations under whoever turns out to be Gog, with his false preachers.

    The US is ending because of iniquity – Zion is nearing. A Zion built on the Principles of the Gospel of Christ, ruled spiritually by the Holy Ghost and revelations of Christ, and civilly governed by the Constitution (finally). Oh, I ache for it!

  • 2Gary2

    If we don’t do something to fix the glaring inequities in this economy,
    the pitchforks are going to come for us. No society can sustain this
    kind of rising inequality. In fact, there is no example in human history
    where wealth accumulated like this and the pitchforks didn’t eventually
    come out. You show me a highly unequal society, and I will show you a
    police state. Or an uprising. There are no counterexamples. None. It’s
    not if, it’s when.

    Tax the rich and spread the wealth. The rich WILL pay either willingly or not, they will pay.

    • Bill

      Until the last sentence I agree.

    • rushLIMBAUGHurinatesONliberals

      LMAO, you support the pos who is destroying the middle class, lolololol

  • not me

    There will have to be a global economic collapse to usher in the global currency – RFID chip implants. If one believes the bible could this be the mark of the beast?

  • Ben

    Economic elites align themselves with the political Left to flood their nations with floods of illegals and migrants. Happening in America and all across Europe. In Switzerland, BUSINESS groups joined Leftists in opposing the popular initiative to curb immigration. I despise global business organizations- they possess zero loyalty to their nations.

  • AussieObserver

    Not a word about the US’s massive unpayable debt! By far the biggest in the history of mankind.. Not even the combined wealth of the richest 1% could wipe the slate clean!

  • GoldDust

    Well yeah I agree no doubt about it. Only thing is The Club of Rome has much bigger plan than Ayers.. 2.8 to 6.5 billion globally.

  • jane bobsky

    As long as Obama and co is on the job it will be ok. He’s focusing on the important stuff like race, tranny rights and inequality. In between vacations and global warming lecturing that is. Meanwhile the rest of the world moves on without the delusional US. By by! See ya in the rear view mirror. Did I mention the Middle East?? No point.

    • Desertmer

      Inequality IS the problem. Did you not read the links in the essay??? SMH at the abject willful ignorance of some posters ….

  • ALM

    The two important things that will hold together the US for the coming decades are:
    1) The status of the US dollar as the world’s settlement currency.
    2) The status of the US dollar as a reserve currency.

    As long is the status of the dollar is protected, the US will always be on top of every country on earth with the help of its subdued EU colonies. I mean any big country that challenges the dollar status will be sanctioned and isolated. That includes Russia and China. Other small countries will be bombed to the ground. The US will always find ways to stay on top.

  • lilbear68

    well july 1 has come and passed and the predictions that FATCA will collapse the American economy seems to either not happening or happening so slowly as to be imperceptable

  • Perplexed

    Nothing good comes from bad. We’ve got a whole lot of bad leading this world.

  • kushal kumar

    CONCLUSION :-
    ” Downward trend in world economy
    is likely to be in mild form during

    November, 2014 to
    April, 2015, to grow somewhat intense during May, 2015

    to October,
    2015, becomes harsh during November, 2015 to July, 2016.

    Such areas of life
    as minerals and metals, foodcrops, energy resources , defence and
    security of nations are likely to bear the brunt of these trends.

    Collective wisdom
    in decision making, communication systems, aviation industry, and the
    cinema , music and TV industries are also , in addition, likely to
    be touched by these trends.

    Countries or regions whose names begin with the letters B , E ,
    EU, N, O, P, U or V may need to implement multilevel approach to
    challenges during this period”.

    This is the substance or salient feature of my article – ”
    Stressful times ahead for world economy in 2015 and 2016″ published online on June 2, this year with astrologyweekly.

  • Goh Cheng

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  • Lorraine CyrLongmire

    Why do we rely on the money system so much? We don`t need money to survive in this world. Its human hands that plant seeds to grow food, its human hands that help one another out. Money is useless.

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