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It Is Happening Again: 18 Similarities Between The Last Financial Crisis And Today

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It Is HappeningIf our leaders could have recognized the signs ahead of time, do you think that they could have prevented the financial crisis of 2008?  That is a very timely question, because so many of the warning signs that we saw just before and during the last financial crisis are popping up again.  Many of the things that are happening right now in the stock market, the bond market, the real estate market and in the overall economic data are eerily similar to what we witnessed back in 2008 and 2009.  It is almost as if we are being forced to watch some kind of a perverse replay of previous events, only this time our economy and our financial system are much weaker than they were the last time around.  So will we be able to handle a financial crash as bad as we experienced back in 2008?  What if it is even worse this time?  Considering the fact that we have been through this kind of thing before, you would think that our leaders would be feverishly trying to keep it from happening again and the American people would be rapidly preparing to weather the coming storm.  Sadly, none of that is happening.  It is almost as if they cannot even see the disaster that is staring them right in the face.  But without a doubt, disaster is coming. The following are 18 similarities between the last financial crisis and today…

#1 According to the Bank of America Merrill Lynch equity strategy team, their big institutional clients are selling stock at a rate not seen “since 2008“.

#2 In 2008, stock prices had wildly diverged from where the economic fundamentals said that they should be.  Now it has happened again.

#3 In early 2008, the average price of a gallon of gasoline rose substantially.  It is starting to happen again.  And remember, whenever the average price of a gallon of gasoline in the U.S. has risen above $3.80 during the past three years, a stock market decline has always followed.

#4 New home prices just experienced their largest two month drop since Lehman Brothers collapsed.

#5 During the last financial crisis, the mortgage delinquency rate rose dramatically.  It is starting to happen again.

#6 Prior to the financial crisis of 2008, there was a spike in the number of adjustable rate mortgages.  It is happening again.

#7 Just before the last financial crisis, unemployment claims started skyrocketing.  Well, initial claims for unemployment benefits are rising again.  Once we hit the 400,000 level, we will officially be in the danger zone.

#8 Continuing claims for unemployment benefits just spiked to the highest level since early 2009.

#9 The yield on 10 year Treasuries is now up to 2.60 percent.  We also saw the yield on 10 year U.S. Treasuries rise significantly during the first half of 2008.

#10 According to Zero Hedge, “whenever the annual change in core capex, also known as Non-Defense Capital Goods excluding Aircraft shipments goes negative, the US has traditionally entered a recession”.  Guess what?  It is rapidly heading toward negative territory again.

#11 Average hourly compensation in the United States experienced its largest drop since 2009 during the first quarter of 2013.

#12 In the month of June, spending at restaurants fell by the most that we have seen since February 2008.

#13 Just before the last financial crisis, corporate earnings were very disappointing.  Now it is happening again.

#14 Margin debt spiked just before the bubble burst, it spiked just before the financial crash of 2008, and now it is spiking again.

#15 During 2008, the price of gold fell substantially.  Now it is happening again.

#16 Global business confidence is now the lowest that it has been since the last recession.

#17 Back in 2008, the U.S. national debt was rapidly rising to unsustainable levels.  We are in much, much worse shape today.

#18 Prior to the last financial crisis, Federal Reserve Chairman Ben Bernanke assured the American people that home prices would not decline and that there would not be a recession.  We all know what happened.  Now he is once again promising that everything is going to be just fine.

Are the American people going to fall for it again?

It doesn’t take a genius to see how vulnerable the global economy is right now.  Much of Europe is already experiencing an economic depression, debt levels in Asia are higher than ever before, and the U.S. economy has been steadily declining for most of the past decade.  If you doubt that the U.S. economy has been declining, please see my previous article entitled “40 Stats That Prove The U.S. Economy Has Already Been Collapsing Over The Past Decade“.

And the truth is that most Americans already know that we are in deep trouble.  Today, 61 percent of all Americans believe that the country is on the wrong track.

It isn’t that so many people are choosing to be pessimistic.  It is just that an increasing number of Americans are waking up to the cold, hard reality that we are facing.

Decades of incredibly foolish decisions have brought us to this point.  We allowed our economic infrastructure to be gutted, we consumed far more wealth than we produced, our politicians kept doing incredibly stupid things but we kept voting the same jokers back into office again and again, and over the past 40 years we have blown up the biggest debt bubble in all of human history.

We have been living so far above our means for so long that most of us actually think that our current economic situation is “normal”.

But no, there is nothing normal about what we are experiencing.  We are entering the terminal phase of a colossal debt spiral, and when it flames out the economic devastation is going to be absolutely spectacular.

When the next major wave of the economic collapse comes and unemployment soars well up into the double digits, millions of businesses close and millions of American families lose their homes, I hope that those that are assuring all of us that there will not be an economic collapse will come back and apologize.

There are tens of millions of people out there right now that are not making any preparations at all because they have been promised that everything is going to be okay.  When the next financial crash happens, most of them will be absolutely blindsided by it and many of them will totally give in to despair.

Don’t let that happen to you.

  • GSOB

    “People who bite the hand that feeds them usually lick the boot that kicks them.”

  • Kent Harris

    Realistically, it all goes back to the Biblical principles for which we have forsaken. Sinking sand has arrived for we have rejected the Rock of Ages.

    • MichaelfromTheEconomicCollapse

      I agree with you there.


    • YH

      100% correct Kent! We cannot gut all the good virtues the nation was founded on and not expect very bad consequences to fill the vacuum left behind. It’s simply not an adult way of thinking.

      • My2Cents

        Which virtues are those? Stealing land from the Indians, the Trail of Tears, Slavery, Civil War which was about preventing states from secession, usury created by banks, just to name a few.

        Virtues and biblical principles are only as good as the people who follow them. This nation was built on lying, stealing, corruption, etc with a phony fabric of freedom and liberty for all.

        I saw a commercial on TV the other day for some car company and in it the voice over said something to the effect that Americans based their reality on not what was but what their perception of said reality was…Basically saying that Americans saw what they wanted to see whether it was the truth or not.

        • markthetruth

          This is true . it started our existence !

          ” Eve stole the Apple form the tree of the good Lord. ”

          Alexander Graham Bell stole the patent from Meucci in 1874.

          on and on

          the end…

          • GSOB


          • Mondobeyondo

            Steve Jobs would beg to differ.

        • YH

          Show me a nation that is without a checkered history. No? Then you need to see how people live a really oppressive country such as China to gain some perspective. At least you can still drive from state to state within the U.S. without the need for a travel visa. You can’t say that in China. Obviously America has its imperfections, as does every nation on earth, but we still have people willing to keep the Progressives in check. That separates us from the rest of the world…along with our Constitution and Bill of Rights.

          • Gay Veteran

            Bill of RIghts? you haven’t been paying attention, have you?
            we are being constantly spyed on, our phone calls, texts, emails, even our cars

          • YH

            If you think for a moment things are bad here in U.S. just wait a few years when our national debt interest payments and interest rates catch up to reality. Don’t ask me if I’ve been paying attention as if you’re the only one with a clue. The difference between us, among other differences, is that I know how bad bad will get.

          • Gay Veteran

            I’m not the person crowing about the Constitution and Bill of Rights. You are clueless

          • Squeenix

            They don’t have a pic of your cloaca yet?

          • Gay Veteran

            I see you failed biology

          • Mondobeyondo

            More like Bill of Wrongs these days.

          • GSOB

            God sees everything.

          • Gay Veteran

            well……if god existed

          • El Pollo de Oro

            No, you don’t need a travel visa to travel from state to state……not YET. But when you look at all the travel restrictions that have been imposed post-9/11, it’s clear that the BRA has been moving in a very dangerous direction. Restricting travel is one of the hallmarks of tyranny. Rand Paul recently addressed that, and Chris Christy went into neocon mode by saying that Signore Paul needs to talk to the 9/11 widows. Yeah, leave it to neocons to play the “homeland security” card whenever Rand Paul or anyone else makes a valid point about the Constitution.

          • Marty

            What a dumb single sided view most of u americans have… “People willing to keep the progressive in check”?!? Americas foreign politics and the massive violation of privacy worldwide than being the pinacle of that thought I suppose? Feel proud and strong behind ur ridiculous flag but keep in mind ur very own goverment has a couple of hollowpoints with YOUR name on it.. Good luck with that.

          • YH

            You worry about the problems in your own country and I’ll worry about mine. That is if you would be so brave to share that with us. All I hear is you complaining about my country. At least I can say I believe in something. What do you believe in? Lastly, hollow point bullets are the least of my concerns.

        • Mondobeyondo

          Every nation has some skeletons in its closet. I’m sure of that..We tend to whitewash (sorry, Tom Sawyer) the truth better.

        • GSOB

          You are missing the point –

          You are included as the sinful mass of humanity.

          You may be able to separate yourself from them and their deeds but your sins will find you out.

          • My2Cents

            No duh GSOB. I never said I was without sin. Just as my sins will find me out yours will find you out.

            At least I am not under the illusion that since I am saved I can do whatever the heck I please because I am going to heaven as you are.

            If people truly were filled with the holy spirit as stated in the bible once saved then they would not have to worry about sin as God would be helping to keep them in check.

            But wait I forgot we are saved but still wretched sinners who will still do evil and commit evil deeds, acts and thoughts – that is until Jesus returns and takes away our free will once heaven is established on this earth? Isn’t that the jist of it.

            I have known many a professing christian who has acted far worse than the unsaved sinners of this world.

            Your subtle attempt at gleefully letting me know you believe I will burn for eternity was not lost on me…I for one do not believe that a just and merciful God would do that to his creation. Whom he gave the ability to have thoughts, questions, an imagination, etc.

            Seems a bit unfair to allow the devil to go roaming about the garden among his creation who knew nothing about evil and sin. Almost like he was setting humanity and mankind up to fail.

            Same way all christians blame the devil and his demons for their bad behavior. No it is YOU not satan causing you to do the wrong thing.

            On that note….Good Day.

        • dajuhan

          People who dwell on the past like you don’t have a present nor future.

        • My2Cents

          All of you are missing the point I made. I was trying to show that although we have been taught that America was founded on Christian values and principles the truth is that this is just propaganda and lip service pushed to make us feel superior and better than those backward communist and oppressive regimes that we have been trying to shove democracy down the throats of those poor and backward countries for a long time.

          Of course our interest in spreading democracy is self serving and is only done to benefit those in power in our country not the average Joe.

          It was not our Christian values that made America the super power it once once. Rather it was a group of people behind the scenes willing to do the dirty work to make us what we we once were and now like a piece of fruit left on a counter-top for decades our country is slowly exposing the rotten fruit of what we really are.

          Justify it all you want with the 10 commandments, etc but I can guarantee you that America did not become a rich and powerful country following these principles.

          As for the Constitution and Bill of Rights you should ask the Japanese Americans where that piece of paper was when they were being put in internment camps.

          Today you can ask people where the Constitution and Bill of Rights were when the Patriot Act was passed forever nullifying both.

          Most are still under the illusion that we have freedom and liberty. At least until your rights are taken away from you. Whether from the state, local or federal government.

          Ask those people about freedom, democracy and the like in America and you just might hear a different version.

          The truth is a bitter pill and reality very sobering.

          • GSOB

            Please forgive me for asking this then….

            Are you born again?

          • My2Cents

            I once believed that the bible was the pure word of God and that God had a plan for everyone on this earth. I also believed in Jesus Christ and that he was God reincarnated in the flesh.

            Now I believe that the bible is not the verbatim words of God, that God has no plan for anyone of us but that we all have a choice in how we want to live and how we want to treat other people.

            I am still undecided about Jesus Christ so I cannot answer whether or not I have rejected what I once formally believed about him.

            I guess you could now call me a former christian turned deist.

          • GSOB

            I will continue to struggle and be honest with you My2Cents,…

            I appreciate you opening.
            God is calling you.
            It is genuine that you share what little you are able.
            God works in the elect by revealing just who Jesus really is.

            He works in them a deep and genuine repentance for sins.

            If in doubt, cry out. God loves to show mercy.

          • My2Cents

            Yes God did show me the truth a few months ago. Which is why I believe the way I do now. It is like a veil has been lifted from my eyes about the reality of people, the nature of religion and that what christians believe now at this moment in the US is a product of beliefs being passed down from generation to generation.

            There is a danger in trusting what others say and not researching things for yourself. Yet as human beings we are always worshiping those in authority and power and because of this can and do fall victim to clever words.

            I know that I am unable to convince anyone of what I believe. That we all must come to our own conclusions.

            Knowing that life just happens and it is not God doing this or doing that is freeing.

            That I will not burn for all eternity is a relief and allowed me more compassion and love for people than before when I would almost revel in the fact that one day they would be punished for all eternity while I enjoyed heavenly bliss.

            Perhaps people need to believe that God has a plan for them, especially
            when things are so horrible and going so wrong because the thought that
            s..t happens and sometimes there is no reason or good outcome can be terrifying.

            The truth is we all have our good days and bad days. Many of us do not realize that our words and deeds have a ripple effect that reverberates long past our own short lives.

            My goal is to remember this in how I speak to people and the things I do. Some days I fail, some days I succeed. Seeds of growth and love are planted when I succeed and weeds of discourse when I fail.

          • GSOB

            Did you recently get married?

          • My2Cents

            Nope. Been married a long time.

          • Karen

            Jesus said that in the last days before He would return, many will turn away from the truth. Please do not be a part of this number. We’re seeing it all over. People who once had the truth, are letting go. Jesus said that would hapopen.

          • Karen

            I hope you won’t be undecided for long. Jesus is about to return to rapture His people to heaven. You do not want to be left behind. It’s going to be the most horrible time to live. Turn back to Jesus before it’s too late. He could come at any moment.

      • Gay Veteran

        good virtues like slavery?

        • YH

          Virtues like the 10 Commandments, hard work, honesty, and self sacrifice to name a few. You know, virtues that are scorned and despised by Progressives as being antiquated.

          • Mondobeyondo

            Ah yes, the Ten Commandments. What were those again? Exactly.

            And that is exactly why our people, and our nation, are in the shape they are in today

            Point made, and defended,

          • YH

            >>”Point made, and defended”<>”Ah yes, the Ten Commandments. What were those again?”<<

            You can read, do some research.

          • Mondobeyondo

            Exodus chapter 20 explains it better than I ever could. Moses wrote it down a couple of milleniums ago (well, God Himself wrote it on some stone tablets).

            I believe you may have misinterpred the point I was trying to make. But that’s okay. I still understand. I hear ya cluckin’, big chicken.

          • Gay Veteran

            Nice strawman.
            I have never met any “progressives” who scorn hard work, honesty, self sacrifice, and the Golden Rule.

          • GSOB

            Your favorite cut and paste
            response Gay Veteran…

            “Nice strawman. I have never met any “progressives” who scorn hard work, honesty, self sacrifice, and the Golden Rule.”

          • Gay Veteran

            sorry, but you’re the one trying to smear an entire group of people

          • GSOB

            Odd how you water down the commands of the creator God to ‘virtues’. By doing so, implies a false idea that of human will to exercise them at anytime.

            The law was given so that the offense may abound. For without the law – there is no knowledge of sin.

          • YH

            No one is an expert on every interpretation of religion. Not you, me, or even the Pope. A law is merely a reference around which a broader concept can be formed. I knew what right and wrong were long before I knew what the 10 Commandments were. Those 10 laws help me to reinforce a preexisting moral code and for that I am grateful. At least I can still say I have a moral compass based on something meant to be good. Call it virtues or whatever. Word games and semantics don’t matter. I get the fact that my opponents in this argument get highly twisted and offended at the mere mention of Biblical references, but that is not my problem to solve. If I am the sole person in this discussion thread willing to defend Biblical virtues being a positive force in an evolving society, then so be it. This is the end of my discussion.

          • GSOB

            I’m sorry.

        • Mudpie

          Freak. Slavery probably originated in Africa. America fell prey to it, brought by the Dutch. And hundreds of thousands of whites died to make it right. Go spit, and go back to the motherland if you do not like it here.

          • Gay Veteran

            “America fell prey to it”
            yes, poor innocent America “fell prey to it”. I thought your type was big on personal responsibility?

          • Mudpie

            Good point.

          • Gay Veteran

            btw, interesting screen name

        • GSOB

          Why Common Thieves Are Better Than Socialists:

          Thieves have
          the guts to do the job themselves.

          Thieves don’t steal in the name of “justice”.

          Thieves don’t masquerade as “liberals”.

          Thieves don’t comprise a unified political mob of millions.

          Thieves don’t loath freedom and individuality.

          Thieves don’t undermine the Constitution.

          Thieves don’t promote mind control via “political correctness” and
          “hate” crimes.

          Thieves don’t own/control the “establishment” media.

          Thieves don’t indoctrinate our children to be unquestioning drones of the

          Thieves can be arrested.

          – Mark Gilmore

          • Gay Veteran

            I think you’re confused. Our current system of government is the merger of state and corporate power: FASCISM

          • GSOB

            It’s about time you responded to me. AND no – I am not confused.
            Stay focused here…

            Have you received Jesus Christ?

          • Gay Veteran

            have I found Jesus? why, is he lost?

          • GSOB

            Uh huh,
            that’s what I figured.

          • Karen

            No, the Bible says that you are lost without Jesus. It’s no joke. He is the only way to heaven. There is no other way. New International Version (©2011) Jesus answered, “I am the way and the truth and the life. No one comes to the Father except through me. New Living Translation (©2007)
            John 14:6

          • Karen

            God bless you for your efforts to evangelize in these last days. We have very little time left and we should spend it on winning people to Christ. God bless.

          • El Pollo de Oro

            “The merger of state and
            corporate powers, by definition, is called fascism. And four words can prove
            it: too big to fail.”—Gerald Celente

          • Gay Veteran

            love Gerald Celente: THINK for yourself.
            people need to try that, instead of parroting bible verses

        • GSOB

          were not enslaved because they were black but because they were available.
          Slavery has existed in the world for thousands of years. Whites enslaved
          other whites in Europe for centuries before the first black was brought to
          the Western hemisphere. Asians enslaved Europeans. Asians enslaved other
          Asians. Africans enslaved other Africans, and indeed even today in North
          Africa, blacks continue to enslave blacks.”

          – Thomas Sowell, a black sociologist, author and

          • Gay Veteran

            AGAIN, nice strawman.
            I have never met any “progressives” who scorn hard work, honesty, self sacrifice, and the Golden Rule.

    • markthetruth

      Like my 6 old Daughter said Today

      Mommy stuff is a Mess ! she Looses everything and then she can’t find it.

      the end…

  • K

    Considering that most people learned nothing from the 2008 crash. Why be surprised it is about to happen again. Most of life lessons tend to repeat until we get it right. When will we get it right? I suspect not in my lifetime.

    • JailBanksters

      Yeah No they did.

      They learned to fix a Ponzi Scheme by creating another Ponzi Scheme. What they should do is bust Madoff out of Jail and put him to work at the Federal Reserve, he managed to keep his Ponzi Scheme going for more than 10 years, and it would of been longer if they would have jailed the WhistleBlower, and that’s something the FED can organize.

    • Mondobeyondo

      It’s not in their intent to get it right.
      Their whole objective is to get it wrong, and make the rest of us pay for it. 🙁

      • K

        Correct, but I was referring to the general population letting them get away with it. The bankers and the elite, badly wounded the middle class last time, and the bleeding continues to this day. Another similar wound might just finish us off. No more pesky middle class, to on rare occasions get in their way.

  • MichaelfromTheEconomicCollapse

    Does everyone else see the similarities?


    • MeMadMax

      There are similarities, but it’s not the same.

      Everything is being somewhat kept alive by the fed and the trust in the dollar/gov’ment. This means if and when the fed decides to stop QE, the recession will start, it won’t be something that will occur “without warning”(lol) like in 08’… But on the flip side, the dollar issue is a little bit more finacle. I think that would be a more gradule degradation until one of those OPEC countries come out and says “we’ve had enough” and decide they are not gonna have the petro dollar anymore. Then the SHTF. And then there’s the debt front. Even more uncertain on how far they can push that till it blows. Not a bright future any way you polish it….

    • northernconservative

      My question to you Michael is how long can they keep doing this before a collapse is imminent? At some point there has to be a tipping point and I know it’s coming. To me it’s not a question of if, it’s when…what triggers do you think could cause the next fiscal explosion? I know I could wake up any day and the world as we know it could be completely gone….

      • JailBanksters

        As I see it, the Rothschild’s WANT Iran’s Central Bank, they want it BAD, they want it really BAD. The only way they are going to get it, is by force, and you know what that means. The second part of the Equation is they are going to stretch this out for as long as Possible, until Iran Falls.
        Why do they want Iran so bad?, once they have that, the Jews will own their Political System and the Muslims. So it’s not a question of when the Market will fall, it’s when does the War begins with Iran. Then the World reboots in NWO mode.

        • chris

          Probably Canaanite masons pretending to be Jews?

      • Hambone

        Unfortunately, someone being broke doesn’t stop them from spending. A sane person finds himself in a hole and stops digging.

        I, too, wonder about the tipping point where the rest of the populace wakes up and says “oh no.”

        • Hank

          Most of America is like our federal goverment. That is, keep spending until the wheels fall off.

      • piccadillybabe

        It’s obviously happening right now. Do you think the stock market is going to tank the way it did the last time? This time, it is happening more insidiously IMHO.


    I have said it before on your posts and I will say it again. By the end of Oct of this year if your not ready your going to be in big trouble. Yes Michael I see all the signs, they have been there all along., If you don’t think we in a depression right now, you’ll know were in one by the end of Oct.

    • Will

      I have read and heard October as well, can you please explain why there is a focal point for October? I have heard that August will be a major turning point as well. Just want to know what factors too look for. Thanks in advance.

      • RICHARD

        Will i just feel like it will be by the end of Oct. Oct is a month that the S.H.T.F. always seems to happen. With what Michael had to say, the intrest rates starting to climb. Ben getting ready to bail, Europe on the verge of collapse. Also the Stock Market at a all time unreasonable high. There are so many reasons i can’t mention them all. The government can only kick the can down the road for so long and I think time has just about run out.

        • Will

          Thanks. I know that it’s inevitable that this will happen, for selfish reasons only I hope it happens while I’m still young so that I can recover. If that’s the case the elderly will need a great deal of support though, geez we got ourselves into a mess here.

    • ian

      sounds familiar to last october and the october before that and before that. Quit setting dates. It makes you look pathetic when it keeps turning out wrong.

      • RICHARD

        Sounds like you have some issues Ian, If you can’t say nothing nice don’t say nothing at all.

    • Matt

      I agree with you. We all know rough waters are ahead but many of us are looking for a rough timline of when that will be. I think Richard is correct, U.S. unofficially enters Recession in Sept. 2013 followed by a massive stock market drop lasting 18 – 20 months.

    • peace angel

      Susanne Pesol who does a blog titled occupy corporatism claims to have several insider federal agents who are blowing whistles in her direction pretty regularly and she claims that the way they intend to collapse the economy is already planned.

      She claims that the feds plan to create a virus that will shut down ALL the US banks in an instant which is why I bank with a small credit union that does NOT do any online banking and Susanne says it will happen on a friday afternoon. They will make news announcements telling everyone NOT to worry that by monday everything will be back online. Remember they told Cyprus the same thing.

      She says that at that moment No One will be able to access another penny and panic will already have started to set in by monday when they will then announce that there is a major terrorist threat and the government is going to take you to a safe place.

      And then she goes onto say that UN, Russian, Chinese and Nato troops wiil come to take you to your NWO home in the woods.

      And she says this is also planned to happen in the next few months.

      • GSOB

        Domestically speaking – The USA big banks will eventually get their legislation passed through whatever mechanisms required – that will basically shutdown our CUs.

  • rat28

    Nothing is going to happen this year.. Any sign of trouble, Bernanke will double down on another round of QE and stock markets will scale new height.

    • “V”

      I will go one further, Nothing will happen until Odumba leaves office. Several forces have conspired to give the illusion that Barry had some success as our first black president. This illusion must continue, to be fair I doubt Romney could have done any better. We MUST go through a painful Austerity to pay down the nealry $17 trillion in debt. Our “Leaders” in DC are scared to death to tell this truth, our fore fathers would have had no problem putting us all on a very lean diet for a few years. This is what must happen if we are to survive, but they continue to kick the can down the road. No road goes on forever, it either turns or it ends.

      • GSOB

        Obama will push immigration reform and get it passed b4 he is out – bet?

    • jsmith

      Well yeah, but there’s a point where you can only stretch the rubber band so much, or blow up the balloon so much and then you hear a pop! We are at that point.

  • Spud

    i’d like to give one more totally off topic book recommendation that changed my life: wheat belly. I’ve been on it 8 months and am down 28 lbs. It’s awesome. A ‘low fat’ diet is completely BS, historically speaking. Low carb high fat is much, much better for me and NO WHEAT. I actually first dropped 10 pounds using the information free online on Dr. Davis’s blog, and then I bought the book since I confirmed it was legit and wanted to support him. You can do the same, just try it for 3 weeks and if it doesn’t work, you’re out no money.

    And no, I’m not spamming, I just wanted to give folks some POSITIVE recommendations that really changed my life. The comments here are often so negative.

    Don’t expect the drug companies or the government to give you any legit diet advice anytime soon.

    • CRAT

      Would the new eating habits be the Paleo diet?

      • Spud

        Wheat belly and paleo diets have a lot in common. Starches and grain spike blood sugar -> insulin -> body fat storage -> bad. There’s also Low Glycemic, Atkins, or other Low Carb High Fat diets (LCHF) may work well too. No matter what, they’re all probably a lot better than the FDA food pyramid junk, which clearly does not work.

  • JailBanksters

    2008 was a Mortgage Fraud / Insurance-Hedge Fraud based Ponzi Scheme, and it was fixed with Treasury Bond buy back Ponzi Scheme. They are now trying to fix the Treasury Bond buy back Ponzi Scheme by restarting the ol’ Housing Ponzi Scheme, but they just can’t get the Ponzi Scheme started.

    So to quote Ned Flanders: We’re done for, we’re done-diddly done for, we’re done-diddly-doodily, done diddly-doodily, done diddly-doodly, done …

    • Mondobeyondo

      You forgot “Cash for Clunkers”. It was supposed to jump start the economy by having everyone turn in their old junk cars for brand new vehicles with Sirius radio and GPS systems.Not exactly a Ponzi scheme, but – yeah, that worked out great.

      • MeMadMax

        That was a belly flop and a half…

      • JailBanksters

        Down Under we had one of those.
        People were going to scrap yards picking one up, cleaning them up to claim the $2,000 rebate. The people that create these bills believe everybody in the world is honest and have absolutely no concept of Fraud.
        Enter the Financial Industry…

      • “V”

        Did you not hear Odumba’s latest speeches? The worst is behind us we are moving upward and onward……………I laughed the first time he opened his mouth in 2008, now it just pisses me off.

      • jsmith

        That’s right, it fooled people into getting deeper in debt. The sad thing is that most of those clunkers were good cars. How can anyone get out of debt by incurring more debt? Is that the new normal?

  • inflation goin hot

    iran’s puttin final touches on the occupation and takeover of iraq,basically doubling their geographical size, sending oil prices through the roof, prices on everything will soar

    • Ralfine

      Iraq is much smaller than Iran.
      Oil prices will go down, because now the US will be the major oil producer. Right?

    • El Pollo de Oro

      Neocons are longing for another imperialist war in that part of the world, and Barack “Goldman Sachs” Obama is likely to give it to them. As Gerald Celente says: when all else fails, the politicians take you to war. And Iran is a likely target for the BRA’s imperialist war hawks. But war will not save this Roman Empire from a hellish collapse.

  • PAUL

    This is the result of forty years of stagnate wages, downsizing and outsourcing, this is the fruits of corporate greed. there are consequences to our actions.

    • Mondobeyondo

      You are correct. Stagnant wages, downsizing and outsourcing are the results of corporate greed. We reap what we sow. So, how ya like this fruit? Pretty bitter, huh?

  • Mondobeyondo

    Well – this wouldn’t be the first time this has happened, huh? Har-dee-har har.

    Yes, of course the American people will fall for it again. Hope and Change, Part II. We’ll never learn. Didn’t you get it the first time around?

  • Ralfine

    The stock market is a pyramid scheme.
    what else is there to say?

  • Ralfine

    Home prices will continue to drop as long as private income will drop.

    • My2Cents

      Home prices in my area are going up even though incomes are almost at the poverty level.

      • Joe Shmo

        I don’t know where you live, but I’ve read that across the country “investors” are buying homes to turn them into rentals. That is what is fueling the rise in home prices, they say. Are there many “For Rent” signs around?

  • edrobar2978

    “We have been living so far above our means for so long that most of us actually think that our current economic situation is “normal”. Bravo Michael, this is exactly what is happening not just to US, but the rest of the world. Nice post again.

  • chilller

    While the crash of 08 was bad, I don’t believe it affected near enough people for them to be concerned this go around. But as Michael points out…we’re in much worse shape today than then. This time it will garner global attention throughout the social classes.

  • chris

    There was never any intention on the part of the politicians to sort out the underlying problems and root causes. In the UK the then PM Gordon Brown effectively stated that to get out of the crisis we needed to get back to where we were in 2007, as if that was normality! There was talk of rebalancing the economy but it was all bull####. They had no intention of doing so and the current Chancellor George Osborne is now blowing up another housing bubble on top of the existing one which never popped by taxpayer backing of mortgages. The UK is an economy based on selling inflated houses and there is no intention to make it otherwise. Globalisation is the root cause and as our politicians are wedded to this they will not turn back, same as yours.

  • markthetruth

    Different this Time is everyone is so Happy and Rich

    they can:

    Buy all kinds of electronic Gadgets

    Facebook all Day

    Twitter all Day

    Itune all Day

    Watch TV 8hrs at Home then on there phone then at Starbucks .

    On TV watch everyone else Play in Reality and have fun while you sit on your couch and pay for it.

    Gamble and Shop so much they want to put Casinos and Malls Everywhere to take your money.

    We buy so Much we need Advertisement in our Faces in our Ears every second so where forced to spend more.

    Instead of Working and making 40g’s we spend 40g’s to Stay in or Go to School.

    We take such good care of ourselves we have 1000 diet and Look Younger products to choose from.

    Where so Happy ! everyone is Drinking, taking antidepressants , getting Divorced , killing each other.

    the end…

    • Mondobeyondo

      Indeed it is.

      People enjoy watching “Honey Boo Boo Child” in her booty, um, beauty pageants and stuff such as.

      Did her mom and dad force her into this? Vicariously push her into living their lives through her? My opinion is yes. But that’s just me, of course
      In the end, That’s not for me to say. Maybe yes, maybe no. You’d be better off asking Geraldo Rivera for the truth Still looking for Al Capone;s hidden vault? .Or O.J. Simpson (who is still looking for the “real killers” by the way.)

  • skywatcher

    The rothschilds owned Central Bank of Central Banks, the Bank for International Settlements told their banksters ” Head for the door, the party is over”, no more loans, stimulus has not worked, now pay up, about a month ago.

    Few of the mean stream media or alternative media seem to realize how big this is and what it means.

    Get ready for the big shoe to drop!

  • grumpyhillbilly

    It seems in every crisis the rich come out of it a little richer. Makes you wonder are they blind to the signs or just giddy with anticipation?

  • marie

    God’s Wrath Against Sinful Humanity

    18 The wrath of God is being revealed from heaven against all the godlessness and wickedness of people, who suppress the truth by their wickedness, 19 since what may be known about God is plain to them, because God has made it plain to them. 20 For since the creation of the world God’s invisible qualities—his eternal power and divine nature—have been clearly seen, being understood from what has been made, so that people are without excuse.

    21 For although they knew God, they neither glorified him as God nor gave thanks to him, but their thinking became futile and their foolish hearts were darkened. 22 Although they claimed to be wise, they became fools 23 and exchanged the glory of the immortal God for images made to look like a mortal human being and birds and animals and reptiles.

    24 Therefore God gave them over in the sinful desires of their hearts to sexual impurity for the degrading of their bodies with one another. 25 They exchanged the truth about God for a lie, and worshiped and served created things rather than the Creator—who is forever praised. Amen.

    26 Because of this, God gave them over to shameful lusts. Even their women exchanged natural sexual relations for unnatural ones. 27 In the same way the men also abandoned natural relations with women and were inflamed with lust for one another. Men committed shameful acts with other men, and received in themselves the due penalty for their error.

    28 Furthermore, just as they did not think it worthwhile to retain the knowledge of God, so God gave them over to a depraved mind, so that they do what ought not to be done.29 They have become filled with every kind of wickedness, evil, greed and depravity. They are full of envy, murder, strife, deceit and malice. They are gossips, 30 slanderers, God-haters, insolent, arrogant and boastful; they invent ways of doing evil; they disobey their parents; 31 they have no understanding, no fidelity, no love, no mercy. 32 Although they know God’s righteous decree that those who do such things deserve death, they not only continue to do these very things but also approve of those who practice them.

    • My2Cents

      God’s wrath has nothing to do with the economic crisis. The problem is a by product of people acting stupidly, selfishly and with much greed and disregard for what is right.

      I really dislike quotes from the bible when they are misquoting the point of what was written back then it was making a point about that society at a moment in time.

      Can we apply it to today? Only in showing what the fruit of such behavior can lead to.

      Do you realize how much sin and evil there is all around the world, how much poverty and suffering there is? None if it has to to with God’s wrath; ALL of it has to do with how people behave and how they treat other people.

      • GSOB

        ‘Chances are you’ve heard a lot about God’s wrath–his righteous anger against sinners. But how do we escape it? God Himself provides a way to escape His just anger: through faith in Jesus Christ.’

      • TtT Engine

        Rather than God’s wrath, know that God Blessed America abundantly. So long as we stayed connected to God’s outstretched hand, the American Blessings flowed abundantly. When we let go of God’s hand, evil moved in. Satan now thrives in the void which began on 8+15+1969. Free will is God’s most powerful gift. It can be used to move mountains or murder 55 million of God’s treasures. Christi Fidelis !

        • GSOB

          TtT Engine –
          If you think your human ‘free will’ is God’s most powerful gift – then you, I fear, do not understand the gospel of God.

          • TtT Engine

            Next to the gift of life, yes. Via free will, God allowed A & E to walk away from paradise. God also allowed Lucifer to challenge God and lose. Unrepented secular lefties will also lose big, in God’s time. Today’s gospel was about Sodom and Gomorrah. Very appropriate to life in America in 2013. Think about it. Christi Fidelis !

          • GSOB

            Run TtT run…

      • GSOB

        God restrains the evil pent up in man’s heart.
        Without this supernatural restraint, mankind would no longer be.

        God and His angels have been at work, even now, calling out the elect through the gospel of Jesus Christ.

        • My2Cents

          Well I guess it seems that some of us are a bit more restrained than others since we have vicious murders and abuse that goes on in the US and all over the world every single day.

          Do you think God blessed America when we murdered millions of Iraqi’s after 911? When we showed them with our shock and awe?

          The reality is that life and people are not as simple as you would like to make it out to be. America is no more or less blessed than the Sudan or France.

          In each country there are those that do evil and those that do good.

          Most of the time it seems that evil wins out while good people suffer. But every once in a while when people muster the courage and strength to fight evil it allows good things to happen.

    • TtT Engine

      You mocked the God of creation and His Son Jesus Christ. You murdered 55 million of His heavenly treasures. You desecrated the sanctity of marriage and procreation. May God Who is infinitely JUST and MERCIFUL, spare us ! May God Bless the faithful ! Christi Fidelis !

      • GSOB

        Ah, come on now. You can’t blame Marie for the sins of the land. Where is there any justice in that?

        • TtT Engine

          You, is mankind, not Marie. She knows that. When you cannot convince, confuse, eh ?

          • GSOB


    • Mondobeyondo

      God’s wrath has been building since.. since the day Noah’s sons stepped off the floorboards of that ark. But you won’t like it. Mock God all you want. In the end, You will be no defense..You are going to die. That’s certain. But death in the flesh and blood, is not eternal death.Flesh and blood can be laid in a casket and buried. Your soul will live forever.

      Do not, for one single moment, think that God cannot destroy the world. He came very close to doing that.

      My God is an awesome God.
      Who reigns from heaven above
      With wisdom, power and love!
      My God is an awesome God!

      Sooo… um, what does your god do?

      • GSOB

        ?? How is God being mocked when Marie quotes Romans?

      • GSOB

        ‘St. Paul also teaches that Divine worship is not enacted and established for God, but for the use of his creatures: He needs nothing that man can give him; for man has nothing but what he has received from the hand of his Maker.’

        My God is.

      • GSOB

        My question to you is, what is sin?

        • Mondobeyondo

          Sin is disobedience against God. It really doesn’t get any simpler than that.

  • Tim

    My biggest concern about the next crisis is food. I can live without electricity and running water for a period of time, but none of us can go without food for long. The crisis of 2008 didn’t affect the availability of food, at least not in the U.S. We were still able to go to the grocery stores (and places like Costco) and buy food. I didn’t see any bare shelves at my local stores. Will the next crisis be different? If there is a disruption to the distribution and transport of food in this country during the next crisis, how long will it last? I don’t think anyone knows. And, therefore, it’s hard for me to decide how much food to stock in preparation for the next downturn. I have a garden, but we’ve had more rain this year here in the South than I’ve ever seen in my life, and it affected this year’s crops.

    • kathy k

      Store as much as you can possibly get your hands on. We are entering uncharted terrirtory. Good luck & God bless

    • K

      I agree with kathy k. But let me expand on it a bit. First only store what you will eat, and rotate your stock. Either the economy will collapse fast, or slow. Fast, the trucks stop running very little additional food or supplies will be available, for an extended period of time. Slow, food prices will start rising much faster than they already are. Example, a little over 2 years ago a can of chili was 85 cents, now it is at least $ 1.50 on average. In a slow collapse that same can of chili, could be $7.00. My initial target would be 4 months worth of food. After that look at prevailing conditions, and space available. Then decide whether to slowly add more, or hold at that point. By all means as you us some of it, replace it. At least for now.

      • K

        Yeah us is supposed to be use.

  • Gazeebo

    Hi Michael, i’m a big fan and everyday reader of your blog. I’ve heard you mention the 400,000 unemployed marker many times before. What’s so significant about that #?

  • Errrmm… 18 is supposed to be a lucky number to the chinese.

  • jessi

    hi guys…

    how u make money in usa… u all borrow or what?

    • Mondobeyondo

      Borrow? No, we steal, just like everyone else. We are just better at it. It;s really no better than Brazil or Cameroon or Indonesia if you ask me, but you didn’t ask me, so I’ll just tell you.

      The IRS steals from taxpayers. Hackers steal your bank account. Bank robbers steal what’s left from your bank account after the hackers steal it. Predatory money scammers try to steal your pennies.

      You have no money left, so what’s left to steal? Why, your health of course? Big health conglomerates like Blue Cross,Blue Shield, Red Cross (no, that’s not fair -the Red Cross actually helps people), Aetna, etc.- they hope you break a leg (to use an old show business joke) so they can pick up an extra 20 grand. Hope you have health insurance. Otherwise, um – that’s $20,000 out of your pocket.

      “But hey,” you say. “I earn $28,000 a year. I can’t… I can’t afford this! Hhow am I to pay for this? How am I to eat, feed my son and daughter…..?.”

      There’s bankruptcy lawyers to help you. ** Otherwise,Not my problem, buddy. You figure it out.

      “But – that’s just not right. It’s NOT FAIR!!” you say.

      Yawn. As I said, not my problem.
      ** Have you noticed the number of bankruptcy attorneys advertizing on radio and TV lately? There’s a reason for that.

  • RarefiedSnotress

    Prevented this? I think this is orchestrated ala mad scientist style. The government host put the punchbowl out until the guests were drunk and then gave them the hair of the dog that bit them.
    Currency/energy/resources aren’t created or destroyed, but they change form.
    Human survival in many ways depends on cooperative solutions. and as modern times have progressed we have more and more means of conveyance/distrubution of necessities. The question has more to do with cooperations than resource/circumstance.

  • jakartaman

    Financially bankrupt
    Morally bankrupt
    Spiritually bankrupt

    GODS wrath – Forgiving, loving and patient but enough is enough

    • Mondobeyondo

      Really? Is it that bad?
      If you ask our President, Congress and Supreme Court, our three pillars of government, everything is A-OK.

      Which is why I don’t trust or believe the government. Call me cynical, I call it the truth.

      And if you believe God actually approves of this – you’ve got it backwards. You need to stop worshipping Dog, and get down on your knees and worship God.

  • IAN

    hmmmm….liberalism is at fault how exactly?

    • Gay Veteran

      Syrin is too dense to understand that there is no longer “liberals” and “conservatives”, only fascists

      • TtT Engine

        Wrong GV, once liberal seculars run out of other people’s money to spend, they become full fledge fascists, instead of the closet disguised fascists that they are right now. Conservatives are conservationists for the ultimate good which comes from God. God’s Laws are not subject to fundamental change demagogued by the narcissistic god men lefties running the U.S.A., ONLY FOR NOW. Beware, God will have the last word. Christi Fidelis !

        • Gay Veteran

          Because conservatism, like communism, cannot fail it can only be failed.
          There no god’s laws, only laws written by men (especially that corrupt mafia known as the catholic church) scamming others in the name of god.
          Get a clue. Read “On Liberty” by John Stuart Mill.

  • Trailer Park Investor

    I think spectacular. may be a poor choice of words for what is to come.
    Catastrophe: even that will be weak to describe conditions after SHTF.
    Finanical Armageddon: closer but NO cigar.
    World Wide Financial Collapse: still a little weak for what is to come.
    Maybe that is why SO many people refuse to even entertain the idea that an economic collapse will happen. NO WORDS can describe what is to come, to their very doorstep..
    Until it happens to them then they will find words to describe it, for their situation but NO words can describe the suffering and starvation by billions of people all over the world.
    Apocalypse:will be the ONLY word that will fit, and you will find that, that word will not do this event justice.
    Strap yourself in this ride will get very bumpy.

  • Dave Webb

    If it happens again and I think you are right in that it will happen soon, how do you ride the surf to make money from it? Because it is like crashing waves on a beach.

    The nightmare to me is that our financial existence is dependent on the stock market indirectly. All of the country’s pensions are invested in the stock market. For several years now, they have been underfunded to be paying out the money that they do. Never mind getting raises, we are looking at the pensions going down the tubes.

    If that happens a lot of people are going to be left stranded without funds to continue living in the homes they have bought over the years, the cars they have bought, and without funds to feed themselves.

    This scene is like from an old B grade horror movie. Only it is repeating itself over and over again.

    Germany in 1922-23 was by far the worst as they faced the destruction of their entire currency. Suddenly food was terribly expensive.

    The result was Hitler. And in the early days of Hitler they brought things back to normal or near normal. There was a reason that so many people followed Hitler.

    All of those old people destitute? I hope not.

    I would suggest that the Congress go somewhere that no one can locate them if that happens. Security is not going to be able to protect them from the anger of all those people effected by such an economic upheaval.

    So no matter how it plays out, the government has a lot to lose if it is allowed to go that direction of a complete collapse.

    I find it fascinating that at the same time these people are going against Christianity. I think there are several verses in theBible relevant to predicting what happens when they reject God. None of it was very pretty for Israel at the time.

    • GSOB

      Psalm 2

      1 Why do the nations conspire
      and the peoples plot in vain?
      2 The kings of the earth rise up
      and the rulers band together
      against the Lord and against his anointed, saying,
      3 “Let us break their chains
      and throw off their shackles.”
      4 The One enthroned in heaven laughs;
      the Lord scoffs at them.
      5 He rebukes them in his anger
      and terrifies them in his wrath, saying,
      6 “I have installed my king
      on Zion, my holy mountain.”
      7 I will proclaim the Lord’s decree:
      He said to me, “You are my son;
      today I have become your father.
      8 Ask me, and I will make the nations your inheritance, the ends of the earth your possession.
      9 You will break them with a rod of iron;
      you will dash them to pieces like pottery.”
      10 Therefore, you kings, be wise;
      be warned, you rulers of the earth.
      11 Serve the Lord with fear
      and celebrate his rule with trembling.
      12 Kiss his son, or he will be angry
      and your way will lead to your destruction,
      for his wrath can flare up in a moment.
      Blessed are all who take refuge in him.

  • g

    Can we get this collapse going? I can’t wait for it. I want to be in it right now!

    • GSOB

      The ignorance of the masses are fed the Fed propaganda by the smothering mothering MSM.

      The ignorance allows our fragile economic system to stand.

      Please take advantage of the time that remains by getting right with the Lord and preparing for the worst.

      Be careful of what you ask for g.


    For years now I’ve read this blog and the comments. What you don’t realize is that it’s not going to be some big event! It’s here right now ,the comment on food prices going up’ up’ and up. Energy, taxes, every thing going up. So the 1% own every thing and we are all slaves. I have read several headlines about police taking guns from every day people and they never get them back. It’s happening right before your eyes. Remember it was not the military that took the jews to the trains, it was the police, same with Stalin . Next time you see media coverage of the police ask yourself is that my neighbor or a paramilitary force . So what are you prepared to do? Before they come for you!

  • ArigatouGozaimas

    I don’t like those statistics, but at least the stock market is at new highs and the economic optimism polls are showing good results.

    The media likes to reference point two often, Why, because most people use flawed logic to assume that high stock prices = healthy companies = healthy economy. When psychology drives the markets instead of sound principles, proceed with caution.

    There are so many catalysts that could burn our economy to ashes, if one ignites it has to be doused with easy money lest it ignites another and creates an economic wildfire.

    And once it burns, will it take what remains of the Republic with it? What will be rebuilt in its place?

  • Rob Kinney

    Michael, I just wanted to thank you for creating this website, and for posting truthful news every day about what is going on with this crisis.

    Also, I know exactly what you guys are talking about when you say that the average American is “clueless” about what is really going on in the US. I tried to explain all this to my mom the other day to let her know the truth and about what is coming for people in America. She looked at me like I was an alien and said to me, “surely you’re not one of those people, Rob.” I said, “what people?” and she said, “One of those that think that the government is ‘out to get you.'” I then tried to show her proof from this website and some other videos, and she got upset and told me, “No! I’m not lookin at it! I don’t want to know or worry about that kind of stuff, I have enough to worry about without somethin like that!” She would not read anything or even watch a video about it. It’s true what you say about people being in denial, they don’t want to face it, it’s just too much for some people to deal with or “process” I guess.

    Anyway, I’m glad there’s somebody out there who will tell us the truth about this, and thanks a lot!

    • Louise in MO

      I understand your particular concern about your Mother. People that I try to discuss the comming financial problems for America simply don’t believe me or don’t want to hear what they call “doom and gloom.”

  • El Pollo de Oro

    “It turns out RoboCop was an optimistic view of Detroit’s future.”—Stephen Colbert

  • robert burns

    One of the issues I see regarding people believing that “it” just cannot happen is that they have no real prior experience with such a calamity. Even in the Great Depression, most people still had a job and the economy sluggishly moved ahead. My own father had a small grocery store and he did fine in the depression. People that worked in factories were another matter.

    The other blinding issue for many conservative christians is this rapture doctrine. They believe that Jesus Christ will return and pull out His church before severe times occur. I have known people over the years who said they were not worried about a retirement plan since Jesus was coming soon. I see many of those folks struggling now. It isn’t nice to see it.

    I am of the belief that we are unlikely to have a sudden collapse but more of a slowing down more and more of the economy such that many more citizens are thrown into personal economic straits. However, there can be no doubt that our infrastructure is fragile such as the power grid and it being subject to cyber attack and dramatic disruption. This is a huge concern for Homeland Security. Or, the air traffic control system could be brought down or the banking system with its digital connections for banking transactions. There are events that could move us into a cascade effect resulting in a prolonged crisis. It takes very little to start a panic across the nation.

    I’ve seen gas lines in the seventies. I’ve seen our gas supply shut off in the area I live due to a fire at a refinery in LA or TX and the feeder pipeline was shut off. I recall panic buying of sugar, toilet paper and coffee. People are of a herd mentality. If something spooks them, they react and the panic is on. It could occur with the banks.

    I prepare for the unanticipated event. The black swan that suddenly pops up and the population at large becomes its own worst enemy.

  • 2Gary2

    In the midst of
    all the discussion about welfare reform, it turns out that the major
    welfare beneficiary in our country is the Walton family of Wal-Mart
    fame. The wealthiest family in America is worth more than $100 billion.
    One way they got so rich is by paying workers so little that tens of
    thousands of Wal-Mart employees use food stamps to feed their families
    and Medicaid to pay doctor bills. So with the number of Americans
    living in poverty in America near a 60-year high, with the gap between the
    rich and the rest of us growing wider and with youth unemployment in
    America at staggering levels, one proposal Bernie backs is raising the
    minimum wage to $10.10 an hour. It’s been stuck at $7.25 an hour since
    2009. In addition to helping workers, a catch-up raise would have a
    side benefit. There would be “real savings for taxpayers who would not
    have to subsidize Wal-Mart because of its low wages.

    Tax the rich and corporations and spread the wealth. Do it now.

    • Shmeggle Marxist

      who is your favorite commie? obama?

    • Sandbagger

      I admire your perseverance. You consistently state your case and increasingly, I think you have a point.

      America has turned into a country in which mega corporations rule the day. They squeeze the turnip.

      If the turnip allows it.

      Apparently, American Worker the Turnip is allowing it.

      • Mondobeyondo

        How much blood have you squeezed out of that overblown beet root?

    • robert burns

      Communism failed. Socialism is failing across Europe. The Chinese bought into capitalism. Which one do you think has a chance of succeeding? The large middle class we have and that is disappearing was an anomaly. It was created on credit and debt and is being destroyed by those same 2 items. There are winners and losers. That is how the world works. There is no fairness in life. Don’t expect it. The government nor a corporation can take care of everyone. Not going to happen. It has been attempted and has failed. Sam Walton saw a niche and stepped into it. His family benefits. Good on him.

      • 2Gary2

        walmart succeeds in its low wage business model because we the tax payers pay the costs they do not pay. Walmart is a master at externalizing their costs and privatizing their gains. I think socialism works just fine for the corporations like walmart and the 1% in general.

        • GSOB

          “The only thing that saves us from bureaucracy is its inefficiency.”

    • davidmpark

      You’re still here?

  • george

    One of the guests on financial program on a
    Vancouver, Canada radio station (back in December, 2010) gave what I think is an excellent description of the current state of affairs in the United States,
    Canada (where I live) and the rest of the so-called advanced economies of the world:

    “Way more money has been borrowed than will ever get repaid”

    “Way more promises have been made by governments and so on than will ever be kept”

  • Patrick

    The government and large banks has caused this to happen again because they want to rape everything that is left from the people. Look around your government has been sent military tanks and supplies to the cities. Also they have been training in cities without telling law enforcement and the people of the towns. They know what they are doing and they just don’t care. If you also have notice Texas, Arizona , and new Mexico. The people are also preparing but they are using the right to bear arms to come together. The 1861 all over again! Sit back and grab a box of popcorn and enjoy the show!

  • Sandbagger

    If you are one of those who actually OWN your home without a mortgage, now is the time to set aside at least five years worth of property taxes. In Gold.

    • robert burns

      You never own your home. You lease it from your local government. As you indirectly point out, just don’t pay your property taxes and see how much of it you own. Horrible system to raise revenue.

      • Mondobeyondo

        You are so right. No one actually, truly, legitimately owns their property.

        Don’t believe it? Just don’t pay your homeowners taxes for, I dunno, the next 8 years, because “it’s your property and you own it free and clear”.

        Okay then…

        • GSOB

          God owns everything.

  • Mondobeyondo

    Q: Why is life so hard?
    A. Because life is not easy.

    Oh please. Come up with something better than that.

    • Mondobeyondo

      And as a side note – and I am being 127 percent serious here:

      If you are seriously considering suicide –

      talk to me first.

      Talk to someone on this blog.

      Just talk to someone.

      If you’ll talk to me I promise to listen.

      Most people don’t reach out, and therefore, they,.. you know.

      I have been there. I know It hurts.
      Don’t let the world get to you.
      Greater is he that is in the world, than he that is in me.
      Did you catch the mistake?
      Come on, you must have caught it.
      Satan deceives so many people!!

      • GSOB

        I get it,




        What a choice.

  • Mondobeyondo

    Going along with the George Carlin theme…

    “Q. Your legs are itching? You have hives? Why not get rid of the bees first?”

    Okay, I’m done. Thank you, thank you!

  • Mudpie

    Get Off Our Backs you Jackasses in the federal govt.!!!! Stop the overregulation you vile fools! Stop the overtaxation! Stop the spending!

    NOW! Before you finally KILL the American spirit and people.

    These politicians are truly, truly filthy . . .

  • Mondobeyondo

    This is nothing, compared to what’s coming. People think it’s bad now (and it is). Get ready for Really Really Bad. Are you ready for that? Will you make it through?

    As I’ve said before, the recession never ended Obama, the Clintons (Bill, Hillary,, and good morning to you Chelsea!) and everyone else in the ivory towers in Washington and the glass towers in New York (ABC, CBS, NBC, PBS, MSNBC, etc) will try to convince you otherwise.

    It’s a constant battle, between the ratings they want to rise, and the poll numbers they want to rise – vs. the truth that should be revealed. Which will win? That’s rather obvious.

    • El Pollo de Oro

      Mondobeyondo: I sure hope I’m wrong, but I think that when this depression deepens considerably, it will be much worse than the 1930s depression—which is saying a lot. My grandmother used to tell me Great Depression horror stories when I was growing up, and I think that what awaits us will be even worse. We’re already at 1932-level unemployment, according to John Williams. But eventually, we’ll be looking at 50% or 60% unemployment. You’re absolutely right: as bad as things have been, this is nothing compared to what’s coming.

      As Alex Jones put it, “We are now
      entering the edge of a global financial superstorm, the likes of which the planet has never seen.”

  • xander cross

    I take option number three. Have been prepping for a while now.

  • Ralfine

    Here is a fourth course of action:

    Regardless of whether the collapse happens or not, prepare.

    I always prepare, regardless of where I live.

    When choosing a home to live in I prefer the lowest rent. A plain house with a sturdy door and tight closing windows. I try to have the least amount of neighbours and the least exposure to the weather. The bedroom should face east, then it won’t be hot in the evening. The living room should face west, to have the most light in the evening.

    A river would be nice to look at, but not running through the house or over the street when raining.

    Trees would be nice, but not thuja, where nothing grows underneath.

    The bus stop should be in walking distance, but the house not on the main road. The most visited shop should be in walking distance. With a selection of different markets and butchers nearby. So, when there is deep snow, I can walk anywhere where I need to be. And when one shop is closed, there will be another one open.

    I don’t want fancy pubs, clubs or discos nearby.

    The windows should be at least double-paned and closing tightly. Not too large, to break easily in storm.

    I need a large fridge and an oven. And for coming home in Winter and a beginning cold I need a bathtub. Taking a looong hot shower as an alternative would be OK, too, if the shower head is high enough and the water pressure, too.
    But then, you can fill a tub with pots from the hob or the fire place. And you can fill a tub with water in case there is a water cut advertised.

    And the garden need some plants, even if the garden is just a terrace or balcony. Herbs, flowers, veggies, trees. Trees are good gifts for friends, too. Mango trees, avocado trees, citrus trees, peach trees.

    My dad once grew a peach tree from a seed. And one year he harvested 150kg of sweet juicy peaches from that single tree. He had to sell a lot since we couldn’t eat all.

    • GSOB

      I don’t think Syrin was asking if your are looking for a mate.

      • Ralfine

        That’s an interesting comment, but I think you need to work on your reading comprehension.

      • Ralfine

        Did you try strawberries with cream yet?

  • Ralfine

    One question: Where did Abel’s wife come from?

    • GSOB

      ‘After Cain murdered his brother Abel, God sent him away and he ended up living east of Eden (Gen 4:16).

      This is where Cain met and married his wife and they bore a child named Enoch
      (Gen 4:17).

      At this same location, Cain built a city and we can assume that if he built an entire city, there must have been many other people living there already or at least nearby.

      Therefore, by the time Cain was an adult and was sent away by God, Adam and Eve must have had many other children and by simple addition and then multiplication, there could have been at least hundreds of descendants already having been spread out and multiplied around the areas of Eden.

      There is no doubt that Cain married a relative of his parents Adam and Eve but since Adam and Eve were blessed by God and they were fruitful and multiplied and their descendants spread out over the earth, there was no difficulty in Cain finding a wife at all. With life spans of over 900 years for the first human beings, this easily gave adequate time for multiple children and these dozens of generations of the children of Adam and Eve to have their children’s children who had children and so on. These children had children who became Adam and Eve’s grand children, great grandchildren, and on and on.’


      Question is, do you believe it to be true, Ralfine.

  • frank1569

    Another reminder to heed the words of JPMorgan Chase CEO Jamie Dimon: ‘There’s a financial crisis every 5 to 7 years.’

    And the last one was… about 5 years ago.

    It’s like a bank robber telling our ‘leaders’ he’s gonna rob the bank on Tuesday – and, instead of hiding the money and increasing security, said ‘leaders’ fired all the guards, left the vault unlocked, and then declared the bank safer than ever!

    After the bank is robbed again, said ‘leaders’ will insist that nobody could have ever seen that bank robbery coming…

  • GSOB

    Bono’s a capitalist!

    Students what 4th trimester abortion rights.

    Feds want your computer passwords.

    What else is new?

    Oh immigration reform will happen before this year is out, I bet.

    Come Lord Jesus.

  • Zoltanne

    “It is almost as if they cannot even see the disaster that is staring them right in the face.” They not only SEE the disaster coming, they have planned for it.

    “..foolish decisions for decades”? Many decision-makers who are in leadership or influential positions can’t be considered naive or foolish. These people have plotted and colluded to create the largest ponzi scheme in world history. The currencies are going down and when it has been resurrected, it will be the global dollar TPTB have bilked people for. The imminent economic collapse is not being created by stupid people — but it has been allowed to happen by stupid people who would rather feel ‘safe’ with NSA spying while they watch American Idol.

  • GSOB

    Blessed are the young, for they shall inherit the national debt. – Herbert Hoover

  • GSOB

    The great virtue of a free market system is that it does not care what color people are; it does not care what their religion is; it only cares whether
    they can produce something you want to buy. It is the most effective system we have discovered to enable people who hate one another to deal with one another and help one another.

    – Milton Friedman

  • Mondobeyondo

    So, I’ve been rolling around the streets of Phoenix, Arizona lately..

    I met with Henry Ford a couple days ago. He’s now a Christian. Yep. Saw him driving a Jesus Chrysler.

    Okay, I’m sorry.
    Stop it now. Whew, rough crowd here.

  • TJJackson1

    …A prudent man sees danger and takes refuge…But the simple keep going and suffer for it.. Proverbs 22:3
    “Life is difficult…It is even more difficult if you are stupid” Mark Twain

  • Colin

    I believe that it doesn’t help our economy when there is one party that is obsessive with repealing a law, even to the point of talking about shutting the government down. Next week, this one party is having the 40th vote to repeal this one law. And one of this party’s leaders is measuring the success of his caucus by the number of laws they repeal. Thankfully, there are people in that party who are beginning to have a realization that this behavior can create blowback on their party.

    This one party is, also, obsessed with alleged charges of voter impropriety, the well-being of the unborn child, and the political influence of existing and non-existing organizations that are active in labor-women-voter rights.

    I feel this one party has become seriously derailed. And I feel that their future plans for encouraging voters are laughably deranged.

  • davidmpark

    Oh man! I leave for several months and what do I find when returning? Everybody still at each others throats. How… normal… I expected different for some reason.

    Bickering to soothe and feed your ego’s won’t solve the problems: we are broke, we are collapsing, and we are heading to a civil and international war!

    First that needs to be done is prepare yourselves: that’s the big lesson here. Next, get your neighbors to do so also. I’ve been studying how to really survive long-term: you NEED your local community. The problem is that many folks would rather harm each other for personal gain or mental health problems than look at the reality in front of them here and now.

    This article is another warning sign, but I don’t think it’s enough this time: with the wars on the horizon, the economy must be kept stable at all costs. DC, Wall Street, and larger corporations have to keep all bad news tamped down to support what’s coming financially. You must prepare also – they aren’t figuring us into their equations for long-term success.

  • Mondobeyondo

    Are we headed for a collapse?

    I’ll let my heroin, I mean heroine (with two “E’s”),Miss Honey Boo Boo, explain it better:

    “You’d better redneckognize!”

    Oh brother.

  • Mondobeyondo

    I’m just an average light bulb. Flip my switch, turn me on, and I’ll let you see the light.

  • MichaelfromTheEconomicCollapse

    A reader named Ron recently posted a music video on YouTube that I encourage everyone to go check out…


  • Gay Veteran

    because we all know that so many Blacks owned slaves in the U.S.
    Why, more than whites!

  • GSOB

    Within the broader scope Syrin:

    4). ‘The limitation of tyrants is the endurance of those they oppose.”

    There’s always that 10%
    There’s always that remnant which God preserves for Himself.

  • Colin


    There is an article over at Huffingtonpost. The title of the article is “80 percent of U.S. Adults Face Near-Poverty, Unemployment”. This number comes from a survey conducted by the Associated Press. I think you can sum its findings better than I could in one of your future blogs.

    I think if there is another economic collapse, that this country will probably not recover. Our nation’s economy can’t function with 20 percent or less of its citizens having purchasing power in the aftermath of that crash.

  • My2Cents

    Yes African tribal leaders sold their own people into slavery. Don’t
    think that it has been eradicated either. Slavery still exists today. You just have to open your eyes to see the truth.

    The point about slavery is that many a professing Christian who sat in church on Sunday and read their bible used same bible to justify slavery and mistreatment of others.

  • NoFNway

    I am in complete agreement with the Article. There needs to be accountability politically. You “Party Line” voters need to actually listen to what many of these idiotic politicians are spewing before you cast your ballot at the polls. If the other guy or gall (not in your party of choice) has a better plan, don’t let your blind allegiance to your party get in the way, vote for the guy or gall that make sense. I live in Indiana and I have had to split my vote over the past few voting cycles. I have read through many of the previous submissions and I am astounded at the hicktard rhetoric… We really need to believe that ANY form of religion is going to solve ANY of this countries economic woes… are you kidding me. Keep sending your thyes to the money mongers of your religion… keep filling the Vatican’s plate so it can defend more pedophiles… keep praying instead of doing something practical like saving money or voting to remove the baggage in the Senate that continue the “status quo”, and voting out the congressmen who go against the will of the people. Just see what that will get you… I can tell you what it will be… a lot of unanswered prayers, disillusion and disgust. I mean come on now God hasn’t had a great track record of handling money… that’s why he always needs more!!

  • GSOB

    This quest copied Syrin

  • Habib Jamaroqui

    God’s wrath will be coming to the place of consecration at the little church that survived 911. September 2015 is the next jubilee that will be an order of magnitude greater than the last two 7 year cycles in 2001, 2008. With gay “marriage” now mainstream exemplifying the complete turning from God, we have lost his hand of protection. I am long the market now with TNA, but will flip to TZA when it all starts catering. Make sure to use stop loss orders if you want to ride the waves in the meantime.

  • fvdr

    “Obamacare Mandatory RFID Chipping Now Being Implemented In Wyoming -”

    Anyone hear/read about this? Is this for real?

  • NoSheDidn’t!

    Well…even if we voted for the tea party candidate, every single president ends up being a puppett of the “powers that be”…it’s more like “we’ve let the elite do whatever they want with us”…now that would be more accurate. It doesn’t help to overthrow the current government as long as the elite can produce more puppetts under the false promises of capitalism and it’s inbred uglier cousins (sociocapitalism, “free”-lol what a joke-market, socio globalism, you name it), nothing will change. We have to overthrow the whole system and go back to self sufficient communities. Oh well, what do i know…those are my 2 cents…sometimes we all have to learn our lessons the painfully hard way…

  • hamman

    and many of them will totally give in to despair

  • Karen

    When Jesus comes to rapture His people, the economy will really collapse. Millions of people are not around to spend, pay their bills and pay taxes. I’m glad I won’t be here to see all the chaos.

    • Becky

      You are a fool and are dreaming. There is no such thing as the rapture. Crazy the things people think to help them sleep at night.

  • Philip Wallace

    Sept 11th, 2001, Sept 29th, 2008, Sept 13, 2015. All 7 year judgement days. Actually Elul 29 on the Hebrew calendar.

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