This week two celebrity suicides rocked the nation, and neither of them seemed to make any sense. Kate Spade’s handbag designs had taken the fashion world by storm, and she was supposedly living the kind of lifestyle that millions of Americans can only dream about. And Anthony Bourdain was one of those rare journalists that was greatly loved by both the left and the right. His “Kitchen Confidential” book is currently the #1 best seller on Amazon, and his “Parts Unknown” series was one of CNN’s most popular shows. Why would people that seemingly have everything going for them decide to kill themselves? Well, by the end of this article you will learn some things about suicide and depression in the United States that the mainstream media definitely does not want to talk about. And all you have to do is to follow the money to discover the very disturbing reason why the mainstream media does not want to talk about them. (Read More...)
18 Times The Fed Has Gone Through A Rate Hiking Cycle, And 18 Times It Has Caused A Huge Stock Market Decline And/Or A Recession
Since 1913, the Federal Reserve has engaged in 18 distinct interest rate hiking campaigns, and in every single one of those instances the end result was a large stock market decline, a recession, or both. Now we are in the 19th rate tightening cycle since 1913, but many of the experts are insisting that things will somehow be different this time. They assure us that the U.S. economy will continue to grow and that stock prices will continue to soar. Of course the truth is that if something happens 18 times in a row, there is a really, really good chance that it will happen on the 19th time too. For years I have been trying to get people to understand that our country has been on an endless roller coaster ride ever since the Fed was created back in 1913. Things can seem quite pleasant when the economy is on one of the upswings, but the downswings can be extremely painful. (Read More...)
$28,166: What It Costs To Provide Health Care For An American Family Of Four For One Year
One of the primary reasons why the middle class in America is disappearing so rapidly is because of skyrocketing health care costs. Families all over the country are being absolutely crushed by extremely high health insurance premiums, ridiculously high deductibles and very large out-of-pocket expenses that were not anticipated. In fact, medical bills are the number one reason why individuals go bankrupt in the United States today. Once upon a time, the medical profession was all about helping people, but today it has become a heartless money-making operation that is dominated by health insurance corporations and pharmaceutical companies. If we do not make major changes quickly, our out of control health care system will destroy the middle class in our country all by itself. (Read More...)
When They Shall Say “Peace And Safety”: Polls Show Americans Are The Most Optimistic They Have Been In A Very Long Time
By a very wide margin, this is the most optimistic that Americans have been about the future since I started The Economic Collapse Blog in late 2009. Even though the middle class is shrinking, 102 million working age Americans do not have a job, and we are now 21 trillion dollars in debt, most people are feeling really good about things right now. Especially among Republicans, there is an overwhelming consensus that the United States is starting to head in the right direction and that better times are ahead. As a result, so many of the exact same people that were “prepping” while Barack Obama was in the White House are now partying now that Donald Trump is president. But none of the long-term trends that are systematically destroying our nation have been significantly altered, and none of our long-term problems have been solved. We are still steamrolling down a path toward national suicide, but most Americans simply do not care. (Read More...)
15 Signs That The Middle Class In The United States Is Being Systematically Destroyed
If your family is really struggling right now, you are far from alone. I have been publishing The Economic Collapse Blog for more than eight years, and all throughout that time I have seen the middle class in America get smaller and smaller and smaller. It is almost as if we are all playing a really bizarre game of musical chairs and every month someone pulls a few more chairs from the game. Yes, there are some people that have gotten exceedingly wealthy over the past eight years, and most of that wealth is concentrated in places such as New York, Washington D.C. and San Francisco. But meanwhile, most of the rest of the country has been steadily getting poorer. Just take a look at Detroit – at one time it had the highest per capita income in the entire nation and now it is a rotting, decaying war zone. Of course dozens of other formerly great manufacturing cities all over the nation have suffered a similar fate. Since 2001, we have lost more than 70,000 manufacturing facilities and millions of good paying manufacturing jobs. Those good paying jobs have been replaced by lower paying “service jobs”, and you can’t support a middle class lifestyle on those types of jobs. (Read More...)
Earth’s Crust In Turmoil – All-Time Record 500 Earthquakes Hit The Big Island As Rivers Of Lava Pour Out Of Volcanoes In Hawaii And Guatemala
What is causing our planet to shake so violently all of a sudden? Rivers of lava have been pouring out of the Kilauea Volcano in Hawaii for weeks, a massive eruption of Mount Merapi just a few days ago shot volcanic ash 38,000 feet into the air, and now rivers of lava are pouring out of Guatemala’s Fuego Volcano. Overall, Volcano Discovery is reporting that a total of 34 volcanoes around the world are erupting right now. So what is causing so much seismic activity all of a sudden, and is this a new trend that is going to continue? If you have followed my work for an extended period of time, you already know that I tend to track these things very carefully. Major changes appear to be happening to our world, but most people have not been paying much attention up until now. (Read More...)
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...)