The Truth About The Employment Numbers – Nearly 102 Million Working Age Americans Do Not Have A Job Right Now

Don’t get too excited about the “good employment numbers” that you are hearing about from the mainstream media.  The truth is that they actually aren’t very good at all.  For years, the federal government has been taking numbers out of one category and putting them into another category and calling it “progress”, and in this article we will break down exactly what has been happening.  We are being told that the U.S. unemployment rate has fallen to “3.8 percent”, which is supposedly the lowest that it has been “in nearly 50 years”.  If these were honest numbers that would be great news.  But these are not honest numbers… (Read More...)

Why Is The Mainstream Media Suddenly Buzzing About “Another Global Financial Crisis”?

All of a sudden, the mainstream media is starting to sound a lot like The Economic Collapse Blog.  Throughout the Obama years, the mainstream media in the United States always seemed extremely hesitant to suggest that difficult economic times may be ahead, but now talk of “another global financial crisis” seems to be all over the place.  Is this because they truly believe that one is coming, or is it just another angle that they can use to attack Donald Trump?  In any event, it is undeniable that evidence is mounting that big trouble could be right around the corner.  European financial markets are already in meltdown mode, a major international trade war has just erupted, the worst “retail apocalypse” in modern U.S. history is accelerating, and our debt problems continue to grow with each passing day.  Normally the mainstream news is much more subdued than I am about all of this stuff, and so I was very surprised to see reporter James Pethokoukis come out with an article entitled “Here comes another global financial crisis”… (Read More...)

The U.S. Has Decided To Fight Trade Wars With China, Europe, Canada And Mexico Simultaneously, And That Will Be Disastrous For The Global Economy…

One trade war may be enough to push the struggling global economy into another recession, but the U.S. government has apparently decided that it is time to fight trade wars with pretty much all of the major economies around the world at the same time.  This is utter insanity, and it is going to have disastrous consequences that will be felt all over the planet.  Yes, we need to get tough on trade.  If you have followed my work for the last eight years, than you know that I have been a very strong advocate of protecting U.S. manufacturers and U.S. workers.  But these things have got to be handled delicately, because any significant disruption at this point could lead to an absolutely crippling global economic crisis.  Negotiating on an international level requires a great deal of finesse, because if you mess up it can have monumental consequences.  For example, one thing that you shouldn’t do is make an agreement with the second largest economy in the world and then tear it up less than two weeks later… (Read More...)

European Implosion Sends Panic Through Global Markets As George Soros Warns ‘We May Be Heading For Another Major Financial Crisis’

I told you to keep your eyes on Europe.  On Tuesday, widespread panic shot through European financial markets and this deeply affected U.S. markets as well.  The Dow Jones industrial average fell 391 points, and at this point the Dow and the S&P 500 have been down for three trading sessions in a row.  But the big news is what is happening over in Europe.  Tuesday’s crash represented the largest one day move for 2 year Italian bonds ever, and Italian bank stocks are now down a whopping 24 percent from their April highs.  Overall, European banks have fallen a total of 11 percent over the last four days, and it isn’t just banks in troubled countries such as Italy and Spain that are hurting.  The biggest bank in Europe, Deutsche Bank, just keeps on tumbling and is now just barely above all-time lows.  A few days ago when I wrote that the next global economic crisis “could be just around the corner”, there were some people that criticized me for making such a statement.  Well, as you will see below, now this fact has become so obvious that even George Soros is saying it. (Read More...)

Harvard Professor Warns That The Current Ebola Outbreak In Africa Could Spread To The United States

Could it be possible that we are on the verge of a major Ebola pandemic?  In 2014, the worst Ebola outbreak in history resulted in 28,637 cases and more than 11,000 deaths.  But we were very fortunate.  Even though the virus started to spread across national lines, health authorities were able to quickly identify new cases and isolate those that were infected.  But just because that outbreak ultimately fizzled out does not mean that we can let our guard down.  In 2014, a single Ebola case absolutely overwhelmed an entire hospital here in the United States, and a full blown global Ebola outbreak would definitely have the potential to kill millions of people. (Read More...)

More Evidence That Lawyers Are Ruining America – You Won’t Believe What McDonald’s Is Being Sued For Now…

One of the fastest ways to ruin anything is to get lawyers involved, and lawyers are running amok in America today.  Several decades ago, Supreme Court Chief Justice Warren Burger warned that our nation would become “a society overrun by hordes of lawyers, hungry as locusts”, and that is precisely what has happened.  There are more than 1.3 million lawyers in the United States today, and it is estimated that those lawyers produce more than 40 million lawsuits each year.  Many of those lawsuits are completely frivolous, but frivolous lawsuits are often settled because it can be much cheaper to settle them than to defend against them in court.  So it is essentially a form of “legal extortion” that has gotten wildly out of control. (Read More...)

12 Indications That The Next Major Global Economic Crisis Could Be Just Around The Corner

There have not been so many trouble signs for the global economy in a very long time.  Analysts are sounding the alarm about junk bond defaults, the smart money is getting out of stocks at an astounding rate, mortgage rates are absolutely skyrocketing, and Europe is already facing a full blown financial meltdown.  Of course expectations that another global economic crisis will happen among the general population are probably at an all-time low right now, but the reality of the matter is that we are probably closer to a new one erupting than at any point since the last one in 2008.  Since the last financial crisis our long-term debt problems have just continued to grow, and there are many that believe that the next crisis will actually be far worse than what we experienced ten years ago. (Read More...)

Why America Is Heading Straight Toward The Worst Debt Crisis In History

Today, America is nearly 70 trillion dollars in debt, and that debt is shooting higher at an exponential rate.  Usually most of the focus in on the national debt, which is now 21 trillion dollars and rising, but when you total all forms of debt in our society together it comes to a grand total just short of 70 trillion dollars.  Many people seem to believe that the debt imbalances that existed prior to the great financial crisis of 2008 have been solved, but that is not the case at all.  We are living in the terminal phase of the greatest debt bubble in history, and with each passing day that mountain of debt just keeps on getting bigger and bigger.  It simply is not mathematically possible for debt to keep on growing at a pace that is many times greater than GDP growth, and at some point this absurd bubble will come to an abrupt end.  So those that are forecasting many years of prosperity to come are simply being delusional.  Our current standard of living is very heavily fueled by debt, and at some point we are going to hit a wall. (Read More...)

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