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Warning Signs That We Should Prepare For The Worst

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The warning signs are all around us.  All we have to do is open up our eyes and look at them.  Almost every single day there are more prominent voices in the financial world telling us that a massive economic crisis is coming and that we need to prepare for the worst.  On Wednesday, it was the World Bank itself that issued a very chilling warning.  In an absolutely startling report, the World Bank revised GDP growth estimates for 2012 downward very sharply, warned that Europe could be on the verge of a devastating financial crisis, and declared that the rest of the world better “prepare for the worst.”  You would expect to hear this kind of thing on The Economic Collapse Blog, but this is not the kind of language that you would normally expect to hear from the stuffed suits at the World Bank.  Obviously things have gotten bad enough that nobody is even really trying to deny it anymore.  Andrew Burns, the lead author of the report, said that if the sovereign debt crisis gets even worse we could be looking at an economic crisis that could be even worse than the last one: “An escalation of the crisis would spare no-one. Developed- and developing-country growth rates could fall by as much or more than in 2008/09.”  Burns also stated that the “importance of contingency planning cannot be stressed enough.”  In other words, Burns is saying that it is time to prepare for the worst.  So are you ready?

But of course it isn’t just the World Bank that is warning about these things.  The chorus of voices that is warning about the next great financial crisis just seems to grow by the day.

Some of these voices were profiled in a Bloomberg article the other day entitled “Apocalypse How? Dire ’12 Forecasts“.  The following is just a sampling of quotes from that article….

-John Mauldin, president of Millennium Wave Advisors: “We’ve got a cancer. That cancer is debt”

-Mark Spitznagel of Universa Investments: “Too much malinvestment has been kept alive, and history shows an inevitable wipeout, which started in 2000.”

-Michael Panzner of Financial Armageddon: “The fundamental outlook is even worse now than it was a few weeks ago, given (the lack of positive) developments in Europe and growing evidence that the economies of major countries around the world are deteriorating fast.”

If you have time, you should go check out the rest of that article.  It really is fascinating.

When this crisis is over, all sorts of people are going to be running around claiming that they predicted it.  But it does not take a genius to see what is coming.  All you have to do is open up your eyes and look at the flashing red warning signs.

So what should we all be looking for next?

March 20th is a key date to keep your eye on.  That is the day when Greece will either makes its 14.5 billion euro bond payment or it will default.

Greece does not have a prayer of making that payment without help.  If Greece can convince the EU and the IMF to release the next scheduled bailout payment and if Greece can reach a satisfactory deal with private bondholders, then the coming Greek default might be “orderly”.  But if something goes wrong, the coming Greek default might be quite “disorderly”.

At this point, almost everyone in the financial world is anticipating a Greek default of one form or another….

-Edward Parker, the managing director for Fitch’s sovereign and supranational group in Europe, the Middle East and Africa, recently declared that a Greek default is inevitable….

“It is going to happen. Greece is insolvent so it will default.”

-Moritz Kraemer, the head of S&P’s European sovereign ratings unit, made the following statement on Bloomberg Television on Monday:

“Greece will default very shortly. Whether there will be a solution at the end of the current rocky negotiations I cannot say.”

-Richard McGuire, a strategist at Dutch bank Rabobank, was recently quoted by CNBC as saying the following….

“People often ask if Greece is going to default which … is a misnomer because Greece is (already) defaulting”

-Diane Swonk, the chief economist at Mesirow Financial in Chicago, says that the default by Greece will probably be an “orderly” one but that the situation could change at any moment….

“It appears at the moment that the market is accepting a Greek default as inevitable, and it will be an orderly default. But that can change on a dime.”

But whether there is a default or not, the reality is that Greece is already experiencing a full-blown economic depression.  In Greece, 20 percent of all retail stores have already shut down.  The unemployment rate for those under the age of 24 is now at 39 percent.  Large numbers of Greeks are trying to get themselves and their money out of the country while they still can.

Pessimism regarding Greece is at an all-time high.  Michael Fuchs, the deputy leader of Angela Merkel’s political party, recently made the following statement….

“I don’t think that Greece, in its current condition, can be saved.”

But of course Greece is not the only declining economy in Europe by a long shot.

Italy has a much larger economy, and if Italy totally collapses it will be an absolute nightmare for the entire globe.

Right now, the Bank of Italy is forecasting a significant recession for the Italian economy in 2012.  The following is from a statement that Bank of Italy has just released….

“The uncertainty that surrounds the medium-term perspectives of the Italian economy … are extraordinarily high and are directly linked to the evolution of the eurozone debt crisis”

Italy’s youth unemployment rate has hit the highest level ever, and nearly all sectors of the Italian economy are showing signs of slowing down.

Plus there is the looming problem of Italian debt.  As I wrote about yesterday, when you add the maturing debt that the Italian government must roll over in 2012 to their projected budget deficit, it comes to 23.1 percent of Italy’s GDP.

Originally it was hoped that the economic problems in Europe could be contained to just a few countries.  But now it has become clear that is just not going to happen.

Trends forecaster Gerald Celente recently explained to ABC Australia that much of Europe is already essentially experiencing an economic depression….

“If you live in Greece, you’re in a depression; if you live in Spain, you’re in a depression; if you live in Portugal or Ireland, you’re in a depression,” Celente said. “If you live in Lithuania, you’re running to the bank to get your money out of the bank as the bank runs go on. It’s a depression. Hungary, there’s a depression, and much of Eastern Europe, Romania, Bulgaria. And there are a lot of depressions going on [already].”

The troubling news out of Europe just seems to keep coming in waves.  Here are some more recent examples….

-Manufacturing activity in the euro zone has fallen for five months in a row.

-Germany’s economy actually contracted during the 4th quarter of 2011.

-It is being reported that the Spanish economy contracted during the 4th quarter of 2011.

-Bad loans in Spain recently hit a 17-year high and the unemployment rate is at a 15-year high.

So will all of this economic trouble eventually spread to the United States?

Of course it will.

The global economy is more interconnected today than ever.  Back in 2008 the financial crisis that started on Wall Street ended up devastating economies all over the planet.  The same thing will happen during this next great financial crisis.

Only this time the U.S. is in a much weaker position.  The U.S. debt problem has gotten much worse since the last crisis.

During 2008, our national debt crossed the 10 trillion dollar mark.  Less than 4 years later, we have crossed the 15 trillion dollar mark.

So what are we going to do the next time large numbers of banks fail and unemployment skyrockets?

Where are we going to get the money to bail out all of those banks and to take care of all of those newly unemployed people?

Some people say that socialism is the answer, but the truth is that we are already a socialist welfare state.  If you can believe it, nearly half of all Americans live in a household that receives some form of financial benefits from the U.S. government.

During the next great crisis, the number of people that are dependent on the government will go even higher.

If you don’t want to end up dependent on the government, you should heed the warning signs and you should use this time to prepare for the hard times that are coming.

When even the World Bank tells us to hope for the best but to prepare for the worst, you know that it is late in the game.

Unfortunately, the vast majority of people out there only believe what they want to believe.  They don’t want to believe that a great economic crisis is coming, and so when it does happen they are going to be absolutely blindsided by it.

  • mondobeyondo

    Greece is insolvent so it will default.”

    Yes, it is and yes, it will.

    Up next – the United States of America! Come on up, you’re next on The Price Can Not Be Calculated! Yes, I watch a lot of game shows these days.

    (hey, what did you expect? Bob Barker’s retired. Drew Carey’s OK, but Bob Barker is a legend.)

    • uncurable wound

      Dont forget to have your Gary2 spayed or neutered…LOL
      OOps to late!

  • Marc

    The Love of money is the root of all evil. Just look how the corporations have bought and paid off Washington. Look at The Federal Reserve which is a bank..the US Treasury should be printing money not having to pay interest to have it printed…look n look some-more

    • Kevin

      Amen brother.

  • knightowl77

    End game dates have come and gone many times before…I think that they will come and go again…Instead we continue to circle the drain…

    I continue to prepare and urge my friends and family to do likewise. Mostly, they look at me like I am from Mars….

    I cannot afford to prepare for them as well, so if they come knocken I will have to turn them away because they refused to listen….

    • Xander cross

      I agree with you on this one.

    • S. Wiseman

      Yep, Noah warned as many as he could.
      They mocked him and refused to listen.
      Noah prepared and saved enough rations for himself and his family.
      The flood came and most assuredly they came a-knockin’.
      But the door to the ark remained sealed.
      Thoursands of men, women, and children gone.
      Do you know how many Xtians I know who tell me “I know things are bad but God will save me… my faith will save me…” So they don’t prepare.

      • DCarley

        Noah warned the people for 120 years. God divinely prepared and protected Noah and his family. The people failed to heed God’s warnings. They died.

        Today, many Christians are relying on God because He is their God and their Father. But they cannot do much to prepare because they are poor or too poor to spend money on things other than life expenses. Many of us in this position understand the times. We know the peril that is upon us. We have lived prudently and wisely with our resources. We have strived to give to God His due. But there is little to nothing we can do to financially prepare for catastrophe. We trust in Him to provide for us if thngs go south.

        Does that mean we will continue to live our lives in the same way with all the same lifestyles we’re accustomed to? No. Not even close. The Bible does not tell us we will not suffer. But it promises God will provide for those who trust Christ as their Lord and Savior.

  • McKinley Morganfield

    “Some people say that socialism is the answer, but the truth is that we are already a socialist welfare state. If you can believe it, nearly half of all Americans live in a household that receives some form of financial benefits from the U.S. government.”

    Thank you for stating the truth! Government intervention has made health care more expensive. Government intervention has made a college education more expensive. Government intervention has produced a largely failed primary & secondary education system. Everywhere you care to look, government intervention has *^%$ed up society.

    “A government is like fire, a handy servant, but a dangerous master.”
    — George Washington

    We have allowed the servant to become a dangerous master.

    • jox

      This is simply not true. Look at other countries in the world, they have better education and better health care, completely public, and less expensive than in US. I think you manipulate reality so that it can fit into your prefabricated opinions.

      • Malcolm Reynolds

        talk about manipulating reality to suit your prefabricated opinions. Socialized doesn’t mean better.

        The fact is that this country has become socialized over the past 100 years. Now correlate that to the quality of education and health care.

        And this country still has a better level of health care than any country on the face of the planet. Sure, other countries may have “free” (BS) health care, but getting an aspirin and told to go home and wait for your “free” (BS)
        operation for 3 years isn’t better health care.

        • Jane

          uh, no it doesn’t. We rank down in the 40’s for health care outcomes per dollar spent. Stop just repeating platitudes.

          • Malcolm Reynolds

            as reported by whom? some left wing socialist that’s repeating platitudes? the US has more Nobel peace prizes for medicine than the closest two countries. Ours is expensive simply because it’s the most high tech in the world.

            Go get your appendix out in the communist health haven of your choice. they cut you from stem to stern. get it here and you have a 2 inch incision.

          • johann

            If the cost of care is magnitudes higher than it should be, of course the outcome PER DOLLAR will be low.

            The U.S. health care System is highly distorted, but the Care itself is in the top three.

      • Jeremy

        And the common thread in each of these countries is unsustainable sovereign debt, debt which financed public education, health care, etc.

        • Token Aussie

          You mean like Australia? Compare our debt level with yours, and see who is more sustainable for how long.

      • JimmyT

        Arguing which system of socialized “whatever” is like arguing which form of cancer is better to have. The point is, America led the world for decades when our capitalist and free-market system was allowed to function unfettered by government busybodies and their criminal bureaucrat minions. Our educational system was, at one time, the best. So was our health-care system, prior to socialization by government hacks. Nothing the government ever touches escapes destruction or, at the very least, devastating mutation. People didn’t swim, float, fly or trudge to get here in droves because we were the lesser of many evils; they came because we were the shining example of what free men could accomplish when allowed to be free and keep the fruits of their labors.

        • Save the Republic

          Well said

      • McKinley Morganfield

        Cushy cradle to grave social welfare programs certainly seem to be working well in Greece, Portugal, Italy, Spain, Ireland, Hungary, Romania, and France. 😉

        • S. Wiseman

          Excellent point. History teaches us that people never learn from history. Social welfare programs (so-called benefits from political benefactors) NEVER, EVER work and always lead to total dictatorship. You can go as far back as Israel’s bondage in Egypt if you like. Mindless drones never learn.

      • Jakartamn

        small countries can operate in socialism but not large countries.
        USA is a large country
        Thanks for your isight pinky

    • Cathy

      Corporate welfare is more than 50% higher than it is for the poor. Also 2/3 of multinationals pay no taxes in the U.S.

      The U.S. is the ONLY Industrialized country that doesn’t have a national health care system in place. Ours is also the most expensive with mediocre results. We also have a higher infant mortality rate than Cuba & some nearly 3rd world countries!
      As far as the cost of everything being higher- look at PRIVATIZATION! It’s the health care insurance companies, the private banks giving the student loans- at no risk at all to themselves- & they make a HUGE profit from them- Before government-guaranteed student loans were privatized- they didn’t cost so much-

      Most of this you can find on Project Censored/ Censored News, Mother Jones & other INDEPENDENT media. Oh, everything is & can be “fact-checked” & cross referenced.

      There is a reason for the dismal situation of our schools- No Child Left Behind was passed to accomplish one thing- to make public schools fail so education can be privatized- & only the well to do will be able to afford it.

      Going back to government health care- Congress passed government health care in 1798!

      • Jeremy

        Good grief. Even the CBO projects that entitlement spending (SS, Medicare, Medicaid, other welfare) accounts for over 40% of our annual spending.

        When you take into account the jobs that companies create (some of those multinationals you despise), subsidiary industries to support these companies (Ex: automotive industry), their net effect to the economy is a broader base of both tax payers and potential tax revenue. This has been proven time and again during the Bush, Clinton, and Reagan administrations. Government revenue soars.

        Mind you I am not necessarily talking about big business. Often times they are proponents of the big government apparatus you suggest because they can afford to comply with new regulations and laws, while small business simply cannot. Dodd-Frank legislation being an example. Bigger regulation and government also diminishes competitors to these big businesses, as stated before, because they simply cannot afford the compliance.

      • Orange Jean

        I believe you don’t really understand the reasons for infant mortality rates in the United States; it is not necessarily due to poor health care (we spend millions of taxpayer money on public prenatal care programs, like Healthy Baby, which are targeted to providing better prenatal care for high risk women, including low income women).

        The top 3 leading causes of infant deaths in the US (>40%) are:
        1) congenital anomalies (i.e., birth defects)
        2) premature and low birth weight births
        3) Sudden Infant Death (SIDS)

        Congenital anomalies and premature and LBW births are the most common cause of infant deaths in the first 28 days. SIDS is the most common cause of infant death between 28 days to a year.

        Babies who die of congenital anomalies may have died before they were born (i.e., miscarriage or still born) if the mom wasn’t getting good health care.

        It’s not totally clear why some babies are born prematurely, but among the causes are substance abuse including smoking, alcohol and drug use. Risks for having a baby who is small for gestational age includes a number of maternal health problems (not necessarily due to lack of health care) like high blood pressure, heart or kidney disease, diabetes, not eating well as well as the substance abuse problem.

        SIDS deaths are caused by a combination of physical factors (brain abnormalities, low birth weight, respiratory infections like having a recent cold) and environmental ones (the baby’s sleep environment and position).

        • McKinley Morganfield

          AND, infants that die within the first year of life are NOT counted as infant moralities in the UK and elsewhere.

          • Gary2

            Here is the bottom line-while you are posting on this site I am out actually doing whatever I can to get the right out of power. over a million signatures to recall walker-yep I helped with that. taking voters to the polls to vote for Obama-yep I will be doing that. Please keep posting as my side is actually doing something.

    • Gary2

      You did not mention corporate welfare that is WAY more than any welfare for the poor.

  • Gutter Economist

    Almost every single day there are more prominent voices in the financial world telling us that a massive economic crisis is coming and that we need to prepare for the worst.

    But 2012 is an election year so take your pick:

    (1) Inflate the economy.

    (2) Report bogus economic data.

    (3) Start a new major war (Iran) to divert attention from the economy.

    (4) Implement a false flag event, martial law, and cancel the elections.

    From investing legend Jim Rogers…

    “You have to remember two things – election in America in November, so you are going to see a lot of good news. Of course, you have the American government spending staggering amounts of money right now, printing a lot of money and getting ready for the election,” Rogers told The Economic Times, an Indian English-language newspaper. “It happens every four years in America. They do their best to get the economy juiced up so they can win the election.”

    • Bone Idle

      Events abroad at out of U.S. control.
      When Europe goes down or China deflates the U.S. dromedary will fall to it’s knees.
      I don’t see how the Europeans are going to kick the can down the road much longer.
      The response to the looming crisis may determine the outcome of the Presidential election.

    • Greg

      (2) Report bogus economic data.

      Figures don’t lie but liars can figure!

      It is so easy to manipulate the numbers…

  • dmitry


    Thank you again for this article. But I have a
    question..Is it safe to say that “Shall I pull out my pennies in the bank?” before its too late.


    • Michael


      Actually in the short-term I would try to save up some extra cash.


      • luis

        Michael if the u.s economy collapse is my money going to be usedless? please help

        • Michael


          In the short-term, your money is not going to be useless.

          In the long-term I can’t make any promises.


          • DB200

            Small addendum:
            Always keep cash at hand for if the electronic system fails. There are a lot of reasons why an electronic payment system would not work.

            Celente calls one reason: bank holidays.

            In Italy it is now forbidden to withdraw cash above one thousand euros.

        • Barn Cat

          Junk silver coins are the best investment you can make. Silver will maintain its value during hyperinflation. I bought mine for 6% over the spot price and that included shipping and the credit card surcharge.

      • josh

        short term at home or at the bank?

        • Michael


          In the short-term, I think it is wise for all of us to have enough money to be able to cover at least 6 months of expenses.


    • mondobeyondo

      You actually have pennies in a bsnk?!?

    • Michael

      if everybody pull out his pennies from bank in the same time, it will be panic and collapse !!!! however, unuseful money on a bank account can be converted in security cash….. Slowly, on regular basis (each week, each month), we could saved a part of our “”wealth””

      i did it in FRance and many people in the south of europe do the same thing , but NOT close the bank account, just saved the extra cash. THe motto now is not Win money, but not lose !!!!

    • Save the Republic

      Definitely get your money out of the bank. You can save on your own. You’re probably losing money via inflation anyway. If you have enough, put some in assets that will retain value. If everyone starts taking money out and things go downhill, screw it, at least you’ll have yours. Some people will wait until they aren’t allowed to get it. People are going to get screwed, but you don’t have to be the one. Don’t worry about “contributing to the problem”. The problem is unsolvable and caused by the elite. Now is the time to do what’s best for you, screw the system, because it’s gone anyway. Most people just don’t know it yet.

  • newton

    Our annointed one has seen fit to abolish the Keystone Pipeline.

    Wen Jiabao is not even that stupid

    They are starting the pipeline —————-

    West to the Pacific.

    If you sit and think this thru for five ( 5 )
    minutes; it tells you EVERYTHING you need to know about what we’ve been doing for the last 4 years; where we’re at right now

    And where we’re going


    • Lennie Pike

      YOU NAILED IT! That’s got to be the reason Obama rejected the pipeline – (how can he do that anyway? Using the EPA?) – the reason is that he wanted the Chinese to have control of the pipeline and that oil go to China.

      The Chinese model of citizen control is going to be the template for the NWO. The U.S. is basically a province of China already and any Republican President would have made the same illegal, anti-American decision because they are all Globalists seeking the destruction of the U.S. to bring about a one world government.

      The American Frog just had the heat of the boiling water turned up a big notch with that one.

    • Cathy

      The KeystoneXL Pipeline will only create a little over 1000 temporary jobs. It will cause serious health problems & environmental damage to name a couple of things. There have already been leaks that prove the dangers- of the most FILTHY source of oil!

      • knightowl77

        Seriously delusional…..the Dims in SF claim that a 1.7 mile subway extension created 43,000 jobs….and yet a 1700 mile pipeline will only create 1000 temp jobs??????…. 😉

        It will create thousands of temp jobs which will get people off of unemployment at least for a bit, and it will create a couple of thousand permanent jobs…Why do you think that the labor unions support the pipeline?…


      • Jeremy

        Please cite sources to back your assertions. Otherwise, the overwhelming evidence is that this pipeline will create at least 5000 jobs in the short term, and as industry evolves in the area, tens of thousands in the long term. This with minimal impact on the environment.



      • McKinley Morganfield

        Filthy oil? Do you have a car, ride a bus or a train, ever fly in an airplane, have anything made of plastic in your home, and so forth? Sorry Cathy, but this is willful ignorance on your part. And as far as jobs connected to the project are concerned, its not wise to get your info from the New York Times, Mother Jones or the Nation. Instead try this:

        BTW, the Washington Post is hardly a vast right wing conspiracy. 😉

    • sharonsj

      The pipeline will create 6,000 TEMPORARY jobs which will end in two years. Previous pipelines have not only leaked but blown up because the companies lie about maintenance. It’s cheaper to just pay off the relatives of the dead. And most of the oil will be shipped to other countries–the Keystone execs say so themselves.

      And if you wonder why Canada wants to build a giant pipeline through us instead of their own country, here’s the reason: The Canadian provinces have refused to allow the crap to be shipped through their own territories. So Keystone turned to the U.S. politicians, who will sell their own country down the river for bribe money.

  • Colin

    The World Economic Forum had a conference this year in which they discussed the possibility of a dystopian Mad Max future. Many believe that if there are no changes, the seeds for this future will be laid down and our current global civilization will be altered forever.

  • 2012 – The Final Push:
    1. Started a high-paying government temp job that ends July 1 with 50% of the pay devoted to year 3 food storage, night vision, and underground fuel tank filling
    2. Finishing the solar electric and 12 volt water system on weekends while collecting rabbit hutches and chicken coop from Craigslist and Freecycle
    3. Move to the retreat in July and obtain livestock and withdrawal my unemployment benefits via ATM weekly and accumulate cash to be spent on even more commodities at the crash.

    I will get a text alert in the event of a rapid market move and could depart any time necessary, but would have to rough it until the utilities are installed with parts already obtained.

    • Billy

      What foods do you store? Do you get a lot of freeze dried stuff or just the staples? For freeze dried meat and great tasting fruits such as Pineapple and Raspberries go check out They will give you a discount account so you can get more food for your money.

    • Nobody

      RIGHT ON!!!

      Just keep an eye on your OPSEC. No more describing your preps here, or to your friends on Facebook, etc (better yet, kill all your social media, along with all the other bluetooth, IPad, IPod Ihop, etc gadgets). I’ve never even owned a cell phone. Never needed one. I don’t even know how to operate them. I have learned in recent years how to save various seeds, gunsmithing, etc. You know, the important stuff. Right now, focusing on alternative energy, and unarmed combat.

      Ironically, and with much regret, I had to shut down a very well put-together, very informative, and successful website, “Suburban-Self-Reliance,” because I still live in the suburbs, with no bugout plan, other than to “hide in plain sight” (there already appears to be some advantages to this, as rural properties are now routinely being burglarized).

      It was a real bummer. My wife is the IT person, and I’m the former MI Officer, and professional Survivalist (or Ultra-Survivalist, a term I invented, which I hope will take, like “Survivalist,” “TEOTWAWKI,” etc.).

  • r.bitting

    Don’t know if it will play out this way, but war with Iran, & 200 dollar a barrel oil would be a death blow to an already crippled economy. God spoke of these days in Ezekiel 38 & 39. One would do well to consider the track record of fulfilled prophesy in the Bible ( 100% and respond accordingly by repenting and placing their trust in Christ while the opportunity exists to do so.

    • r.bitting

      I will pray for all my Christian brothers and sisters who frequent this blog ( I know who you are ) that you will remain faithful to the end, and I will also pray for the others, that they may be saved because God loves you and so do I.

      • tak

        very well put one day we will meet in heaven …………anybody else want to go,except the free gift of GOD you will never regret it

      • Lambs to the slaughter

      • Here in NC

        Thank you my friend- I needed to hear that. I will also be in prayer for brothers and sisters, not only here, but across the globe. Thank you Michael- please keep up the excellent work! I am a daily reader of your blog and at times, even for myself, the world in crisis can be overwhelming but to know there are other brothers and sisters out there in prayer for our country, the world and each other- we can do this together!

        • Michael

          Thank you for the kind words. Hopefully I can continue to find important stories to write about. After the hundreds of articles that I have put up, it is also a challenge to find something “new” to write about.


        • Duke

          Sorry I couldn’t help myself, but I really hope you’re not a UNC fan. I mean NC State is ok but UNC???? Sorry to interrupt the conversation but I’m sure you understand being a UNC fan.

      • Lennie Pike

        Only God knows.

      • Gary2

        and I will also pray for the others, that they may be saved because God loves you and so do I.

        You know I actually appreciate you saying this.

    • Michael


      I would be interested to get your opinion about the following article that I just posted….


      • r.bitting

        Michael, this nation was founded by Christian separatists in the 1600’s who fled from Europe in order to start again with lives based upon biblical teachings as found in the bible, because up until then the populus was “given” their interpretation of scripture. It’s a shame that only 1% of all surveyed believe all 6 points you mentioned because those are fundamental truths of the bible. I believe what is happening can be attributed to a number of factors, the first being that collectively, christian parents are failing to live out their faith in front of their kids. And this only makes sense because the christian doctrines that were handed down to the grandparents when they were kids have been gradually eroded in the generations since, leaving this question … If you think this generation of young people is Godless, what will the next be like? An interesting book which I highly recommend to any parent who has kids, from kindergarten to college is a book titled ” Already Gone ” by Ken Ham of the Creation Institute. This book gets it right in that it addresses the root of the problem, which is our kids no longer believe because they are not being taught “why ” they should believe ( the evidence ). Kids need to be educated in Christian apologetics so that they know that their faith is based on truth and that the bible is’nt just some old book full of incredible stories and good moral teachings. Parents who have college aged kids would do well to reinforce their kids faith by providing resources that equip them to be able to defend their faith in the lions den which is the college campus. More kids fall away from the faith in this environment than any other ( yes, even kids who grew up in the church ). However, I have a wonderful way to counter that. One, if not the best ( I think it’s the best )resources to help both the college kid and the adult seeker is Ravi Zacharias International Ministries or RZIM. The site is Go to the store or use any number of free resources he offers. There is simply none better at defending the christian faith and providing answers to lifes toughest questions than he and his team. I promise you that your children will be spiritually strengthened and sufficiently equipped to defend their faith after accessing this resource. To know where this is going one only has to look at Europe, which is now something like 1 to 3% christian now ( all but spiritually dead ). I work in the youth group at our churh of about 800, and apologetics is mandatory for the kids, they also offer worship services for the 20 to 25 year olds. This will help, but only so much, it all comes down to the christian parents living out what they believe, and sadly, it seems that they don’t know either…. The book ” Already gone ” can be found at the website for ” answers in Genesis “.. God bless you and your work here, and your family as well. I have and will continue to pray for your success.

        • r.bitting

          Actually, a better way to access RZIM is Hope this was of help.

          • justamom

            Great ideas and strategies, r.bitting. Thanks for posting and as always, you have given us much to think and pray about.

            We have a real enemy. He hates Godly seed. He will steal our children, if possible. Let’s stand fast against him and continue in prayer!

            a word of encouragement re children:

            Jeremiah 31:16-17

            Thus saith the LORD; Refrain thy voice from weeping, and thine eyes from tears: for thy work shall be rewarded, saith the LORD; and they shall come again from the land of the enemy.
            And there is hope in thine end, saith the LORD, that thy children shall come again to their own border.

        • boros

          Actually no…the country was founded by criminals from Europe AND others that wanted a fresh start or were adventurous or had nothing to lose. I don’t know how in the world you keep speaking of bringing down thw U S at a future tense, since it’s been lost since you elected Bush jr. He has acomplshed most of the broader goals. The ppl lack power in ways they never did before. The goverments world wide use the state against their own ppl, tax paying ppl! The army doesn’t get paied by the tooth fairy. When they fight you on the streets, they beat you up and you pay for that… We Are Many. Start supporting the good fight too. All this greed and letting others do as they see fit has doomed the world! You are responsable for this and for not asking for heads on platters !

          • Malcolm Reynolds

            “the country was founded by criminals from Europe ”

            Yawwwn, typical leftist/marxist uneducated drivel.

            “it’s been lost since you elected Bush jr.”

            I despised Bush as President, but you’re a simpleton if that’s what you really believe.

      • Kathy Smith

        I just read decline of christianity Micheal, how heart breaking all of that is. I cannot even imagine my life without Jesus in it everyday. Unfortunetly everything happening in our country now stems from this very info. Taking God out of our country.

        • Michael


          I am glad you checked out that article. My hope is that it will be widely distributed within the Christian community and that it will spark some lively conversations about what needs to be done.

          For those that have not seen the article yet, here it is….


          • justamom

            Michael, the article on the American Dream site is one of the most heartbreaking articles you have written to date. Thanks for drawing my attention to it. I know it is true; sadly, I am watching play out in my own community. I am wondering if this is the “great falling away” described in the Scriptures. The very ONE Who has the answers to the crises facing our nation is the ONE who is being rejected and ridiculed right now.
            We need another Great Awakening in this nation. May God have mercy upon us!

          • Michael


            Yes – I agree with you. Fortunately, I believe that we are going to see God do some amazing things in the days ahead.


  • mark

    Now is the time to prepare for what might be coming our way if you have not already started. If a collaspe does happen the supplies you will need will not be easy to get. Don’t think it could not happen here. Germans in the 1920’s did not think it could happen to them. The same could be said for South America. Stock up on food while it is stll fairly cheap. This would be the best investment you might ever make.

  • JR

    Do you… you…. do you mean chanting “Yes we can” 500 times won’t fix everything?????


    • mondobeyondo

      Oh yes I do!
      Fired up, ready to go!

    • Malcolm Reynolds

      hehehhe. Funny stuff.

    • S. Wiseman

      Hehehe!!! Some times you just got to laugh.
      Altogether now….
      YES WE CAN… (screw up the country even worse than all the presidents that came before)

  • highspeedloafer

    Hey Michael,
    I believe Neil Cavuto (Fox Business)has been reading your blog. I just heard him make refrence to the extinct Dodo

    • Michael

      LOL – that would be really something if he was checking it out.


      • Gary2

        I told you that most posters here watch fox not news channel

  • ken nohe

    Too much “doom and gloom”!
    A rusting car would be for more appropriate than a wreck. The collapse is already taking place, just without the trumpets of apocalypse in the background. It is worth remembering that the great depression was not called that until 1937 at the earliest, The 2WW in fact. As for the fall of the Roman Empire, few at the end of the 5th century would have believed that it was over. Likewise today. If you live in a shelter, the decline already feels “real” but in Wall Street, all is still fine, thank you very much. We tend to over-react to market crashes or wars whereas the worm is already in the fruit long before. There will be some black swans in 2012 but it is likely that only in retrospect we will be able to understand which were omens and which were just “news”. The first Christians spent their lives preparing for the apocalypse. The Empire did end eventualy, but not on schedule. The only apocalypse they found was their own, usually on a cross or feeding lions in a circus. My advice for what it is worth is: Get a life and enjoy whatever comes your way. In the long term we’re all dead as Keynes used to say!

    • Jeremy

      I agree. There is way too much doom and gloom on this site.

      Not that this is a very difficult time, but there are two factors at work. 1) Christ tells us in his sermon on the mount to not worry about what we eat or drink, but to seek first His kingdom. 2) What of those who are just beginning their lives? Those of us who are young cannot just start prepping, number one because none of us really know what the future holds, and second because our attentions should be turned to finding a job, building equity, etc. It is simply unrealistic for most of us to do what is suggested.

      Preparing is one thing, but that should be left to God (as His command in Scripture). I am certain that many generations before were frightened by the events of their days, and probably for good reason. The Roman conquest of Jerusalem. The fall of the Roman Empire in the 5th century. The Black Death. Revolution in the western world in the 18th century. But civilization continued, and those that survived, kept their wits and their faith, flourished.

      Will these apocalyptic predictions come true? I have no idea, but neither does any analyst, because at best, their predictions are an educated opinion.

      If I was to give any advice, it would be to keep plugging, surviving from day to day, and keep the faith and hope that the global economy will get better.

  • Nick

    There will never be a recession in the United States in the sense that GDP will contract. The Federal Reserve would literally print $100 trillion dollars and drop it from a helicopter before it allowed the money supply to contract.

    They say they won’t bail out the banks, but they will. When they are scared to death by the S&P plunging, like they were in 2008, the Congress will pass a $5 trillion stimulus bill if Geithner and Bernanke scare them into doing so.

    Ben Bernanke will not, under any circumstances, allow the money supply to contract. That’s his definition of deflation – a contraction in the money supply or a deceleration in the velocity of money.

    He will monetize the US government’s debt until the world’s dollar-based monetary system fails. Government spending is a part of the GDP calculation, so GDP will not be allowed to decline. The people in power have nothing to gain by allowing markets to clear. They will intervene until the system completely fails. It could stay propped up for awhile longer. Don’t underestimate these people. They are not stupid, even though they seem like it sometimes.

    An economic collapse of truly epic proportions.

  • SamColt

    Market Summary
    Symbol Last Change
    Dow 12,578.95 +96.88 +0.78%
    Nasdaq 2,769.71 +41.63 +1.53%
    S&P 500 1,308.04 +14.37 +1.11%
    10 Yr Bond(%) 1.8970% +0.0470
    Oil 101.49 +0.90 +0.89%
    Gold 1,663.00 +3.50 +0.21%

    You were saying? P.S. I’m being sarcastic.

    However, people on Wall street seem to think the good times are here again.

  • I vote for a new war ya gotta have something BIG to take our minds off our problems.
    Looks like Iran is next.
    Now serving up World War III – Come and Get It.
    What flavor of Cool-aide are they serving in the soup line today???
    See how to survive the Economic Collapse at:

  • GuardDog

    stock up on food, take martial arts classes, prepare your family with weapons and KNOW HOW TO USE THEM, learn or obtain freeze-dried foods, find safe water resources near you and invest in a few good filters, learn natural remedies for infections, pick up Army survival guide, train or obtain dogs that will help you hunt or protect your property, get night-vision goggles and flak-jackets, bring guns, swords, or whatever you can. Remember the peasants can overthrow the tyrant and pray from an ex-Marine this is my to-do list for 2012

  • Airborne 71

    Agreed Mark , Stock up on food , I have done this , and continue to do so . Next I would suggest to purchase SILVER ! Its fairly in expensive , I purchased 10 ounces at a gun show for $

  • Airborne 71

    Agreed Mark , Stock up on food , I would also suggest purchasing SILVER as well . Recently at a Gun Show I purchased silver at $ 32.00 an ounce !! Silver even at $ 40.00 an ounce is a bargan . Today silver is valued at just a little over $ 30. an ounce , but when it all goes south and tanks the experts say silver may hit $ 150.00 an ounce before the end of the year . So buy it , even if its only one coin at a time your getting aqhead of the game !

  • Colin

    The United Kingdom is in dire straits. Automatic Earth describes the situation in this country.

    The Tottenham Riots may be a prelude to greater convulsions in this country. Many of the lower 25% have no savings to rely on, and many of these people had to apply for emergency loans to pay for mortgages and rents. The UK government is pressing for greater austerity measures.

    Austerity measures are not working. In fact, they are failing badly. In Greece, in Romania, and elsewhere, austerity measures are being met with resistance by the working poor and the middle class.

    • Jeremy

      Answer me something. What is wrong with cutting spending, when that spending cannot be supported by tax revenue, and ie, would have to be funded by borrowing?

      Are we or are we not in a sovereign debt crises caused by bloated government spending?

      • Save the Republic

        Cutting wasteful govt spending is a good thing, but most governments don’t want to cut that kind. They want to cut back on money that goes back to the citizens (most beneficial is tax cuts), i.e. consumers. When the citizens have less, they have to cut spending. When purchasing is reduced, sales tax revenue drops, as well as companies having less demand for their products, which results in less profits to be taxed, layoffs (which leaves more people without spending money), and companies having to cut back and not spend money on expansion, upgrading, etc., which results in even less purchasing. Downward spiral for economy, and downward spiral for government that is looking for increased income. The need is to cut corrupt spending and lower taxes, which will allow consumers to spend more elsewhere, thereby generating jobs for more people to have extra spending money, and so forth. Even though the tax rate would be less, revenue would increase due to the increased spending and increased employment, and unemployment payments would go down.

  • Jordi

    Hello, I do often check this site for new articles, as they are very informative and interesting. However, I disagree about the idea that you can prepare yourself for the kind of economic collapse that’s coming. Unless you are a wealthy person, with good contacts on the government, industry… I don’t think you can do much in advance. Stocking food or weapons… all those actions will only help you to go on for a limited time frame, but this collapse could last for many years. I am not saying that you should rather lay down and die, of course I will try to do the best myself and would recommend to everyone not to lose immediately hope to survive when the whole thing starts, but in my opinion only when it happens and you are in the middle of it, only then you will be able to start acting and you will be in the position to acknowledge whether you can take it or not. When the economic system breaks down, many unpredicted and unexpected events will occur, which you can not foresee right now. Therefore, in contrast with that what many believe, I think you will need a lot of improvisation and right judgement to keep on living, once the hell breaks loose. Thinking a lot about it before it happens might only make you feel weak and nervous, so better not to do that.

    • Michael

      It is definitely okay for people to disagree with me on various points. 🙂

      Hopefully by exchanging ideas we can all learn from each other.


    • You are correct that many of the things we discuss here are only temporary and that building skills and long-term self-sufficiency is important. However, the more one has ready the less they will have to improvise and the more likely they will succeed in the transition to the new paradigm. In other words, they one who can provide food, shelter, and safetly to their family during the transition phase will more easily weather the transition.

  • JustanOguy

    “Could be worse then the last one”…

    Lots of Laughing…. the debt bubble just gets bigger every time it’s transferred around. Of course it’s going to be worse then the last one.

    Personally… I’m looking forward to the next one popping so maybe the sheeple finally wake up and realize that big Government is not the solution to their problems…

    The majority did not learn their lesson from the last bubble that popped… maybe they will when the next one pops.

    But hey… American Idol just started up again and it’s the NFL playoffs… More important things going on for them then to learn a little something.

    • the longer we circle the drain the more go homeless and then completely incapable of any sort of independence or preparation. since this is only able to be stopped by Christ it will happen. therefore the sooner the better before everyone is weak and defenseless.

  • Paul

    “prominent voices in the financial world”

    Well, none of them saw the crisis coming and none of them did anything against it.

    How come that all those prominent voices did not have the power to manage Merryl Lynch or Freddy Mae for example?

    Why is it that only the inept have such power?

    • xander cross

      That is a very good question.

    • Save the Republic

      It doesn’t matter how useless or inept you are when the “buddy system” is the system in place, only who you’re connected to, or suck up to.

  • Paul

    “importance of contingency planning cannot be stressed enough.”

    Oh, really?

    What are all those Risk Managers doing all the time? Isn’t it their job to do contingency planning? Oh, it was too expensive? To do that you’d have to cut into profits? Well, yes, that’s the way it is. You can either buy a lock or a Rembrandt or something to eat from the same money.

    I started my contingency planning 40 years ago while still at school – getting independent from my parents so they don’t have powers like withdrawing my inheritence, or throwing me out for being gay. Thanks a lot society.

  • pranah

    Michael, if you or any of your readers follow Bob Chapman (publisher of The International Forecaster), he’s been discussing in all his recent interviews that the Federal Reserve just made a trillion-dollar “swap” with the European Central Bank (actually it’s a loan, but it’s illegal both for the Fed to loan to the ECB and for the ECB to accept a loan from the Fed, so they’re calling it a “swap”). Using fractional banking, the European banks could conceivably turn this trillion into =ten= trillion (by lending out nine dollars to every one dollar of the original trillion). Nine dollars lent to one deposited is considered “prudent” banking practice, per Bob–and some banks lend thirty or more to one, so who knows what’s going to come out of this “swap”. Anyway, he’s predicting that 2012 will be a bit better than most people think, due to this enormous amount of money magicked up out of thin air. Europe will buy itself maybe another year, and some of the money will slosh over to the US and give us a slightly better year than we might have had otherwise. He says this move came completely out of left field and surprised everyone, and they’ll probably do it again until they can’t anymore, and it all ends in terrible hyperinflation. Or something else happens to bring down the whole house of cards, of course.

    There’s more to it, taking into account the situation with Greece and Italy and so on. Anyone who wants to know more about Bob’s prognostications can go to his website,, and listen to some of his recent interviews.

    Anyway, I haven’t seen this analysis anywhere else yet, and I bring it up here for anyone who might be interested. I’m not an economist myself, and I don’t know what’s going to happen, or when–it sure sounds like all hell’s about to break loose in Europe, but ten trillion’s a lot of money and who knows what the banksters will do with it?

    Buy food, guns, ammo, and gold, folks. Time’s running out one way or the other, and we must act now to prepare the best we can. Good luck, everyone.

    • Michael

      I do enjoy Bob Chapman – he always has some really good insights.


    • Bill

      Is this why barry wants another $1.2T ?

  • William

    The Federal Reserve is ILLEGALLY supporting the collapsing Europe to the detriment of America. But, that is OK with most Americans, who worship the FED.

    • sharonsj

      I think people have no idea what the Fed is up to. The media doesn’t give us facts. The Fed has given about $7 trillion to the international banks in the form of credit. I asked someone at the SEC how the Fed could do this and he said the foreign banks believe the credit is backed by the U.S. government even while our gov’t says it didn’t approve the loan….

  • luis

    people things are really bad in las vegas the contruction work is death here plus the malls are empty cars an trucks sales are down forclosure here are crazy im scare because every stores is almost empty like some gas station are empty too food stores are empty too las vegas is collapsing..

    • Save the Republic

      Sounds like you’re at Ground Zero. The scary thing about Vegas is that it relies on the casino industry for its existence. When the economy is as bad as it is, the last thing people have money for is to go and give it away to rich people. Almost nobody is going to risk falling short on paying for necessities to go to Vegas and throw it away. Without the tourism (casino visitors), the rest of Vegas has no foundation for its economy to run on. Until real prosperity returns to America, don’t expect Vegas to go anywhere but down (unless you can get the Chinese to visit with the trillion dollars that used to belong to America).

  • TucsonKK

    Who said this is a Christian USA? What I have seen and listened to are just Hate and total collaspe of care. Republicans claim to be Christians but hate gays, Muslums, and even Blacks and anyone that doesn’t look or believe their way. Priests and Preachers sprew their HATE from their pulpits.
    I have listened to this Hate ever since Obama was elected and I am tired of it. The younger generation is intelligent and not easily brainwashed. Be your own person and use your brain to live in this diverse world.

    • Reality


    • Jeremy

      As one in the younger generation, our generation is lazy, spoiled, overindulged, and poorly educated.

      Just because they agree with your incorrect conclusions on “hate” and “bigotry” does not mean they are intelligent?

      What “hate” are you talking about? The fact that these people, the Republicans, take a principled stance against same-sex marriage? Or that they take the principled stance against discussing these matters in the military? I have no idea, and probably neither would anyone else, know what you mean about hate against blacks.

      Do you mean the discussion in Monday’s debate about whether rehabilitated violent ex-felons, who are disproportionately black, should be allowed to vote? If so, Santorum was in support of this, and Romney was not.

      Where is this total collapse of care? Is it because Republicans by and large state that you have the right to pursue happiness, but that no government bureaucracy or program can give it to you, as in an entitlement?

      This is what I see as a total collapse of care: government programs that promise an end to poverty, or a “Great Society”, but in effect invest money in ventures which have no long term economic or social benefit to those they purport to serve. Has government “compassion” ended poverty? No, it has not. Hard work does, and even if you do not become rich, you do build equity, self-confidence, earn money, etc.

      If this is “hate” and “lack of care”, then call me hateful out the ying yang, and without care.

    • SC

      Here are some of my experiences…

      My daughter’s very good friend’s father is a pastor. The girl is not allowed to spend the night at my home because my fiance and I are not married and live together. Oh, she can spend the night only when he goes out of town… that’s nice. We are not drug dealers or murderers. We work hard for what we have. My daughter is polite, gets good grades and is obviously loved and taken care of, but I guess we have issues. Yeah, we have issues, we don’t go to their church and give 10% of our income so that they can pay for their $300,000 house and drive a gas sucking SUV and tell us how to live our life. We are vegetarians in our home, but you don’t see me making everyone that’s not feel bad and banning my daughter from their home if they have meat for dinner when she’s there. They even had the nerve to tell my daughter that she shouldn’t be vegetarian because of something or other that they believe. Good for you. If we don’t want to eat meat, that’s our business. Their daughter is spoiled and judgmental, gets her hair dyed blonde at 12 and has the latest everything. She turns her nose up when she comes to my home and gives nothing more than a fake smile and a forced hello after two years of knowing the kid. She gets mad when my daughter doesn’t text her right back because my daughter is doing chores, and tells my daughter ” why do you have to do chores? My Mom loves me, so she does everything for me.” The Mother gets the princess’s clothes ready every morning and then the girl fights with the Mom because she doesn’t like the outfit that the mother laid out. Did I mention her father is a Pastor and they think they are better than us? Where are their values? Where is the respect?

      Last summer we had wild fires in Texas. I worked with a guy that is an ordained minister. We are watching news coverage of the fires on the tv in the break room and the ordained minister says ” My ex-girlfriend lives there, I hope the whole town burns down.” I was stunned! I can’t stand my ex, but I would never want a whole town to burn down because he lives there and I’m no ordained minister. I wouldn’t even want his house to burn down.

      A lot of things are not what they used to be including Christianity.

      • Malcolm Reynolds

        Well, I didn’t see jack about someone telling you how to live your life, but I sure see alot of leftist [300K house and gas sucking SUV] drivel and hate towards religion. Prolly has something to do with them not wanting their daughter at your place. …Always two sides to a story and leftists always lie, cheat and steal to propaganzdize their side. After all, its you people that lives by “the ends justify the means”.

  • karen

    We are going to face worse hardships than any of these countries… Because people here just don’t give a rats butt, some do but most think nothing could happen here so they live in a false reality. I have been to many of these countries that are spoken of in this article, and they will fare better than those here. Much better, lots of folks farm and have NO fast food places, real bread,butter,milk, farm fresh meat. And open air markets that sell fresh real food, here you would get sued for that. They are much better off. Here 80% live in cities or close by, MOST depend on fast food or micowave food, not there!!! They cook, have gardens awesome food there, it’s real!!! Homemade breads. Any type of real cheese you can think of, people everywhere do drugs but not like here, meth, antidepressents over half of this country in on some form of a drug be it over the counter or not, I have never seen such as people on meth, it is beyond me, meth is super bad here, everywhere in the US. And folks don’t want to deal with gardens anymore just sit and watch TV or live on a cell phone, when all falls it will destroy folks here, most that is.

    • Jeremy

      It is easy to hold the most contempt for those in which you are most familiar. Believe me, other countries have major problems too. Survival depends upon each man and woman, across national boundaries.

  • Syrin

    Sorry to add more bad news to already bad news, but during this administration’s tenure, we RACED passed the point of no return much to the delight of academia, the media and Gary. Our debt is 100.3% of GDP. NO nation has EVER recovered from a debt level of 90% GDP. If you haven’t been preparing DO IT NOW. 51% of the pop’l lives off 49% of the pop’l and truly believes the problem is that the minority that contribute don’t contribute enough. When their “entitlement” (entitled because they exist, imagine that) checks bounce or no longer arrive, they will still believe they are “entitled” to other people’s property, and will try to forcibly take it. It happend in the former Yugoslavia, Argentina, the collapsed USSR, Zimbabwe – in other words, the liberal utopia dreamlands that the Gary’s of the world are pushing us towards. BE PREPARED.

    They did studies looking at which societies could handle a collapse the most, and the answer was the poor nations. Why? Because the citizens that live there DON’T rely on the gov’t, are fearful of the gov’t (rightfully so) and prepare for the worst. They know that food supplies could be disrupted for weeks on end, power could be gone for a month or more, etc. so they PREPARE for it.

    Look at our society. Look at New orleans post Katrina, multiply that a billion fold and across the entire nation for a period of YEARS.


  • Bill


    The following link has so much to say:

    I think the most important part is a quote from the only candidate willing to tell the truth about the present situation.

    I implore you to challenge America to make the change we so desparetly need by putting this quote at the top of every blog you write until America has the change it needs.

  • I am Tyler Durden’s contempt for the system

    Tool- Aenema:

    Some say the end is near
    Some say we’ll see armageddon soon
    I certainly hope we will
    I sure could use a vacation from this
    Bullsh*t three-ring circus sideshow of freaks here in this hopeless f*cking hole we
    call the U.S. of A

  • jox

    World Bank, Bloomberg, S&P, Fitch, Moody, etc etc. All the American instruments everyday forecasting the collapse of Euroland. Every single day for two years. I don’t even remember the number of times they have forecasted Greece default. I bet that March 20th will pass without problems (as so many dates before), and then all these institutions will go after another victim, for example Portugal, Ireland, Spain, who knows, once again.

    Beware American and British people. They are playing with you this game of smoke and mirrors, pointing fingers at others to hide the problem growing under your feet.

    • Jeremy

      They have also predicted the US and UK collapse for years too. None have happened. Point is to be wary of what you hear, and wary of predictions which continuous, totally and without stopping predict catastrophe.

      Prophets are important, and God calls some men and women to warn the masses, but these, along with any other leader, salesman, etc., must be evaluated with a discerning spirit.

      In reading your posts, you believe the problem is with the UK and US, but what you miss is the participation by almost every other nation in this illusion of prosperity, backed by cheap and easy money. We have all taken that cheap and easy money, without thought as whether it was backed with real produce, productivity, or hard assets. No country is immune, and those that keep their heads the best, will flourish the most.

  • Rancher

    SHTF… Lock the gates, sit back and watch, safeties off. Will re check with the world after a couple years go by.

  • Cathy

    they shouldn’t have been bailed out in the first place. They are the ones responsible for the meltdown because of their insatiable greed. We should have started doing what Iceland did- & hold these criminals accountable! That would have been a good start.

    • McKinley Morganfield

      Ah, thank goodness, here we can agree 100%. The too big to fail crony capitalists should have been allowed to fail. But there was a problem; how could Goldman-Sachs, Bank of America, AIG, and all the other crony capitalists continue to contribute to Obama (and others, both democrat and republican) without the bailout? Same goes for the sweet heart deal given to the UAW via GM & Chrysler.

  • josh

    this would be a nice little add in to your article…

    uk unemployment at 16 year high

    “8.4 percent, the highest since January 1996,”

    • Michael

      Yes – that is definitely an alarming piece of news as well


  • Acer23

    Great Article! By chance, do you have an article or can you write one that tells us what we should do to prepare? I am fastinated by all the information and research you show forth in your articles. Keep up the good work!

  • I am Tyler Durden’s contempt for the system

    Look outside your window…people don’t even know that the reality in which we exist in is hanging on by a very thin thread. The only thing keeping it together is the continual creation of more and more andmore debt…the further we dig the hole, the further from the light we become. I cannot see how capitalism will ever survive. In 2000, national debt was 5 trillion…we’ve TRIPLED that and there is nothing to show for it. Pretty soon a person’s worth in the eyes of the government/wall street will be the amount of debt burden they carry as they are then beholden to perpetuate the system. Fractional reserve banking, debt encumberment, and a fiat currency are to blame for all of this. Once it collapses…hold on to your hats…the ride is going to be very bumpy…

  • Barn Cat

    What’s coming is a lot worse than what those people publicly talk about. When Greece defaults it will trigger bank defaults throughout the world. The Fed will create as much money as it takes to stabilize the world’s banking system. How much will it be? $10 trillion? $100 trillion? We could wake up one morning to find the dollar has lost 90% of its value. When hyperinflation hits the US people will starve, government at all levels will go bankrupt. Public utilities will go bankrupt. I believe that millions of people will die. You need to have enough food and water, guns and ammo for at least a year.

  • manufactured2012

    Referring to the ANGLO AMERICAN WORLD POWER as a outgrowth of Rome

    1 Daniel 8:9 (NWT) NOTICE THE DIRECTION?

    ” And out of one of them there came forth another horn, a small one, and it kept getting very much greater toward the ..SOUTH.. and toward the..sun-rising (EAST).. and toward the Decoration”

    #2 Daniel 8:23-25 NEXT NOTICE THE AGGRESSION!

    New Century Version (NCV)

    23 “When the end comes near for those kingdoms, a bold and cruel king who tells lies will come. This will happen when many people have turned against God.24 This king will be very powerful, but his power will not come from himself. He will cause terrible destruction and will be successful in everything he does. He will destroy powerful people and even God’s holy people.25 This king will succeed by using lies and force. He will think that he is very important. He will destroy many people without warning; he will try to fight even the Prince of princes! But that cruel king will be destroyed, and not by human power.”

    This is what Daniel thought about the decline and decent into darkness

    Gods Kingdom rules Dan 2:44

    • I am Tyler Durden’s contempt for the system

      Turned against God? This has nothing to do with religion…it has to do with opportunistic greed consolidated in the minds of a few trying to control the lives of the many. It has always happened and always will; no divine intervention will change the shylocks and moneychangers of the world…they are, and always have been, a host-destroying parasite on civilization…

  • Syrin

    By the way, none of the candidates we have are willing to do ANYTHING to fix the situation except Ron Paul, and he has no chance of getting elected. Now it’s just a matter of electing someone willing to apply less pressure top the accelarator.

    I think – I feel in 6 months we will be eating our pets, sitting around camp fires to keep warm and drinking our water from swimming pools. I know some people beleive this thing will roll over us slowly but I think it’s like run away freight train & in the distance it don’t look that fast but when it gets here it will hit us at the speed of light. We will all be sitting around thinking we thought we had MORE time, more time to prepare, more time with out families, with our wives and husbands with our kids. But NO the storm clouds are gathering and this storm will be upon us very VERY soon. I just hope some of us can swim. Or I feel we are all doomed.
    How do you like your rat meat medium or well done?
    The government wont have time to set up soup kitchens they will be so busy fighting the riots trying to stay in power leaving the rest of America to starve. After all what do they call us, EATERS! I think they have the philosophy to let em starve nature will weed out the weak and the strong survive. This way they wont have to kill us we will kill/starve ourselves. Better for them.
    What flavor Kool-Aide are they serving in the soup kitchen this evening, anybody know?
    See How to Survive this ECONOMIC HOLOCAUST at:

    • Michael

      I wouldn’t be breaking out your pet recipes just yet.


    • McKinley Morganfield

      The answer is to prep. I’ve maintained a pantry of 1 year of food for me and mine, including pets, since the early 1980s. All you have to do is on a weekly basis add to your stockpile of basic foods. If you are late to the game, aim for 3 months. BTW, dog stew is palatable , I haven’t tried cat so stick to eating your dogs.


    What is with this bipolar government? First, they want to blow Iran off the map and now they keep staging the same fake and phony rescues of Iranian fishermen. What gives here?

  • davidmpark

    Some say to stockpile some gold and silver. Question: if the economy collapses, and there is no more credit and liquidity, then where are people going to spend gold and silver? What will it buy? Land, probably; but then what?

    A week ago, I left this list on an older entry. Probably a good idea to repeat:

    1 year of food storage = 1 year eating

    1 year food storage + hybrid seeds = 1 1/2 – 2 years eating

    1 year food storage + heirloom seeds = ~ 2 years eating

    1 year food storage + heirloom seeds + several bags 16-16-16 fertilizer = ~ 3-4 years eating (depending on how much fertilizer survives that long)

    1 year food storage + heirloom seeds + 1 type of small dairy livestock (like goats or sheep) = ~ 9-10 years eating

    1 year food storage + heirloom seeds + 1 type of small dairy livestock (like goats or sheep) + 1 type secondary livestock (like rabbits, chickens, pigeons, etc) = ~ 9-10 years eating better

    1 year food storage + heirloom seeds + 1 type of small dairy livestock (like goats or sheep) + 1 type secondary livestock (like rabbits, chickens, pigeons, etc) + a firm grasp of agriculture, chemistry, blacksmithing, woodworking, and other disciplines = ~ 30+ years eating better.

    Now, tack on about 1/4 to 1/3 minimum acreage with access to water (natural stream, well, or rainwater)… and you have a lifetime of good eating.

    Now, go prepare for the worst. Mike gave you all good reasons!

    • Nobody

      “Hu’s on first, Watt’s on second.”

      “Hu’s on first, Watt’s on second.”

      Why don’t you just get to the point, instead of mentioning stupid stuff like 16-16-16 fertilizer?

      Self reliance is a continual process; a lifestyle. There’s no “one size fits all” plan for anybody.

  • dick

    what I think happens is the iran war closes the strait and gas goes to 9 bucks a gallon causing hyperinflation. At the same time greece goes into default causing a bank holiday eventually. A new currency is issued and the dollar is devalued. The new currency is a north american currency. This way we join the 10 supernations set up by the club of rome. Daniel tells us that the final empire is 10 toes. From this we get 10 kings and from the 10 kings we get one more king that is the antichrist.

  • bobbobbob

    so what about mcpain!!! he sholdhave been captured in iraq no concentration camp 4 him

  • I am an Inventor and Innovator.
    When I see a problem, I think in terms of how to fix it. Especially with this money problem we seem to have.
    First, look at all the organizations involved.
    The IMF, the (non)Federal (no)Reserve, the World Bank, all of them and their sub-parts and subs, all of them, should be rounded up and put out of business.
    They have each had a hand in destroying the world-wide economy. They are all complicit.
    Now, how to fix it?
    None of these skunks have ANY “skin in the game.” None!
    All they do is endlessly produce only worthless and fraudulent currency. Paper and ink, backed by, still more of the dreadful same, paper and ink. No precious metals!
    But what if the all began to SAY it is now going to be backed by gold?
    THAT is precisely how they “accidentally” invented worthless paper and passed it off as having true or real intrinsic value, when it had NONE! (Whoops! They Lied!- but really, no surprise, right?)
    So I also here in various places and reports that there is a looming expected shortage of silver.
    So this means we don’t get to use it for money, right? Well, not exactly!
    What we need do is FIRST, CANCEL INTEREST.
    Yepper, CANCEL all INTEREST, everywhere.
    Not just “new” interest, ALL of it. Past, present, future.
    NEXT, to insure that money is NEVER AGAIN printed from just ink on paper, we insert REAL PRECIOUS METALS into the paper money, and, we make it visible!
    “Hybrid Money” is what turns the trick!

    NOW we’ve finally got some REAL “skin in the game!”

    And we end the crisis, world wide, in how much time?
    In a LITERAL 24 Hours is all!
    Yes, this is the solution.

    And it will work so fast, your head will spin!

  • BillybonesIII

    And to tucsonkk, the young people are smart eh? Ask them what’s going on in the mid east or Africa or Europe. I know, they know how to text, and they have most of the latest I things and video games where they’ve been de-sensitized to death by shooting and beating and so on and so on.
    They’re smart and also ready for the world we’re leaving to them.
    God forgive me, I’m ashamed of humanity. We all need to hang our heads. We allowed this to happen.


    Following Kyle Bass’ example, I’ve been buying $100 boxes of nickels on a regular basis. They’re smaller than a shoebox and stack nicely in the closet. They would be much more difficult for a thief to run off with than $100 bills. They are small enough denomination to be easily transactionable and, if Bass is to be believed, contain metal that is worth 40% more than the face value of the nickel. The bank says I can have as many boxes as I want, with a day or two advance notice. No transactions costs.

    Of course, this is a supplement to my physical holdings of gold and silver.

  • Mattyboy

    Just back from Wal-mart. In one week the “cheap” Jennio turkey 1 lb roll went from 1.98 to 3.18! Meat is going through the roof. 4.00 a pound for the higher quality 1 lb ground turkey roll. Turkey we are talking here! Has anyone priced chicken wings- they are almost twice the amount as the thighs! Cheese is 8.95 for 2 lb bag-grated. The block is the same as grated. The block used to be cheaper. I do not know where our government gets the idea that food is only going up 2.5%. Some items have doubled in price!

    • DB200

      How about skipping meat? If you knew how it was bred, how it was slaughtered and then produced into “food” you would probably not buy it in the first place.

  • Cinderella

    It doesn’t take a rocket scientist to know what’s happening. Now’s the time to exchange paper into metals, close bank accounts now, before they close them for you. Save yourself some psychological break downs!

  • kenchem

    read, “the harbinger” by jonathan cahn.

  • Janice Gaines

    I believe the worst thing, which will come – it’s only a matter of time – will be an electro-magnetic pulse (EMP). Readers here will recognize that as being delivered by a nuclear burst above the continental U.S., removing all power, data, and societal coherence… even cars, trucks, etc., will not run. No potable water, food will rot, no emergency responsde – any emergency aid will be strictly “line of sight” – no 411. The last chapter of a book called “I.T. Wars” is revelatory. I read it as an IT-Business management guide, but it had this very precocious chapter, and it totally opened my eyes. The book talks about I.T. vulnerabilities from all sorts of system and governance perspectives, but the author saw fit to include larger risks and vulnerabilities… check it out! That last chapter, called What’s At Stake, is revelatory. The book is “I.T. Wars”.

  • Paul

    Stocking up on gold, silver, nickle, etc will do you no good when food and water supplies run out.

    Would you trade your last few bottles of water for an once of silver or gold?

    What good are those things when the food runs out?

    I am stocking up on things I can barter with.
    Things like matches, blankets, axes, etc.
    Those are going to be more valuable than gold and silver when supplies run out.

    I would not sell my one and only axe for all your gold because your gold bars will not help me get firewood.

    Precious metals are nice but will not help you survive when your belly is empty.

  • Zach

    There will be no economic collapse. It has been cancelled because the illuminati have already lost the battle. This is just fear mongering to make people go “aaaaahhh!” Broken records get boring after a while.

  • Orange Pekoe

    Unfortunately even a gold or silver standard would not work for long, as crazy people have manipulated those in the past. Crazy people will always mess things up, so for me the solution is to fix the crazy people, i.e. diagnose psychopaths.

  • DB200

    A few things about Greece that may be of interest to the Americans.

    The Daily Telegraph article ( contains the following statements:

    1. “We would like to see the politicians executed,” says Maria, not smiling as she delivers the joke. “Most people are saying this: politicians deserve capital punishment”.

    Question to the reader: does Maria make a joke?

    2. “I don’t trust the media any more: I get all my news from the internet.”

    3. “It is this sudden collapse of middle class lifestyles that makes the Greek situation so volatile.”

    4. “In an almost detached way people have just watched the catastrophe happening to them. They were very displeased but they did not erupt. They became withdrawn and they are still withdrawn. But it could erupt very quickly, because the feeling of helplessness is very intense right now – in a way that makes the petrol bombs and barricades of June look pathetic.”

    The Greek had a civil war from 1945 to 1948 and endured a military dictatorship afterwards until the 70s.

    I hope Greece stays a democracy after the default and that bloodletting is avoided.

  • ArrDee

    Greetings, Brothers! I have long had a question that I have yet to find an answer for: Many of us are in areas that would be very dangerous should the economy really go toes-up. I have made preparations and have a place to go to, but timing is key. I can’t just move now due to finances and the like. This’ll have to be like a storm evacuation thing. Accordingly, what are the REAL storm clouds – or better yet – the first “raindrops” to get me/us literally heading for the hills? In my case, I need maybe a 12 window to get across the border into another state. I read over and over all of the “It’s gonna happen” and “What to do to prepare” information – we really need that “balloon” to watch for. We hear about “bank holidays”. Would there be a lag of a day or a few should that happen – before the people really freak out? Just gotta beat the panic, clogged roads and martial law!

  • Ivonne Dominick

    I do not even know how I ended up here, but I thought this post was wonderful. I don’t know who you are but definitely you’re going to a famous blogger if you are not already Cheers!

  • jvii

    This is akin to the weatherman calling for rain and offering to sell rain gear and umbrellas and flood insurance.

  • With all the trouble going on in Europe with the Euro and the financial crises. I find it a little scary that one of the largest banks in Italy has frozen all their customers accounts. People are stuck over their with no way to get their money. I have been looking for a place to get some food to store just in case that ever happened here. I have tried several samples from different providers and all of the stuff I tried sucked. I did find a company called Go Foods and their stuff is actually pretty good. If anyone is interested in being prepared if something does happen here the link is below. I also put some links of the crap that is happening in Europe.

Finca Bayano

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