The Economic Collapse

7 Signs That A Stock Market Peak Is Happening Right Now

March 9, 2015March 9, 2015 by Michael

Is this the end of the last great run for the U.S. stock market? Are we witnessing classic “peaking behavior” that is similar to what occurred just before other major stock market crashes? Throughout 2014 and for the early stages of 2015, stocks have been on quite a tear. Even though the overall U.S. economy continues to be deeply troubled, we have seen the Dow, the S&P 500 and the Nasdaq set record after record. But no bull market lasts forever – particularly one that has no relation to economic reality whatsoever. This false bubble of financial prosperity has been enjoyable, and even I wish that it could last much longer. But there comes a time when we all must face reality, and the cold, hard facts are telling us that this party is about to end. The following are 7 signs that a stock market peak is happening right now… (Read More...)

Nearly At ‘Full Employment’? 10 Reasons Why The Unemployment Numbers Are A Massive Lie

March 8, 2015March 8, 2015 by Michael

On Friday, we learned that the official “unemployment rate” has fallen to 5.5 percent. Since an unemployment rate of 5 percent is considered to be “full employment” by many economists, many in the mainstream media took this as a sign that the U.S. economy has almost fully “recovered” since the last recession. In fact, according to the Wall Street Journal, some Federal Reserve officials believe that “the U.S. economy is already at full employment“. But how can this possibly be? It certainly does not square with reality. Personally, I know people that have been struggling with unemployment for years and that still cannot find a decent job. And I get emails from readers all the time that are heartbroken because they are suffering through extended periods of unemployment. So what in the world is going on? How can the government be telling us that we are nearly at “full employment” when so many people can’t find work? Could it be possible that the government numbers are misleading? (Read More...)

China Has Announced Plans For A ‘World Currency’

March 4, 2015March 4, 2015 by Michael

The Chinese do not plan to live in a world dominated by the U.S. dollar for much longer. Chinese leaders have been calling for the U.S. dollar to be replaced as the primary global reserve currency for a long time, but up until now they have never been very specific about what they would put in place of it. Many have assumed that the Chinese simply wanted some new international currency to be created. But what if that is not what the Chinese had in mind? What if they have always wanted their own currency to become the single most dominant currency on the entire planet? What you are about to see is rather startling, but it shouldn’t be a surprise. When it comes to economics and finance, the Chinese have always been playing chess while the western world has been playing checkers. Sadly, we have gotten to the point where checkmate is on the horizon. (Read More...)

The Breakdown Of U.S.-Israeli Relations Brings Us Several Steps Closer To World War III

March 3, 2015March 3, 2015 by Michael

In the past 40 years, we have never been closer to World War III than we are today. If you ask Americans to name what area of the globe they believe World War III will begin, the number one choice by a landslide would probably be the Middle East. And thanks to the stunning breakdown of U.S.-Israeli relations, we are now closer to that war than we have been in decades. Since the 1970s, the United States has served as the major buffer between Israel and her Islamic neighbors. Israel has trusted the United States to protect it, and Israel’s enemies have known that an all-out assault on Israel would be fruitless because the U.S. military would step in. When a minor conflict has erupted in the region, the United States has always rushed in diplomatically to settle things down. But now the relationship between the Israeli government and the Obama administration is near a breaking point, and tensions in the Middle East just continue to intensify. At this moment, Israeli Prime Minister Benjamin Netanyahu no longer trusts Barack Obama to do what is right for Israel, and it is an open secret that Obama pretty much despises Netanyahu. And during his speech to Congress on Tuesday, Netanyahu once again made it abundantly clear that his government will never, ever allow Iran to get nuclear weapons. If Israel believes that Iran is even getting close, Israel will attack. But instead of trying to prevent this from happening, Barack Obama is negotiating a deal with Iran that would give the Iranians pretty much everything that they want and would allow them to build all the nukes they desire in about ten years. Israeli Prime Minister Benjamin Netanyahu says that this is a “bad deal”, and he is right. (Read More...)

Stock Market Bubble: Wall Street Is Ecstatic As The NASDAQ Closes Above 5000

March 2, 2015March 2, 2015 by Michael

Are we at the tail end of the stock market bubble to end all stock market bubbles? Wall Street was full of glee Monday when the Nasdaq closed above 5000 for the first time since the peak of the dotcom bubble in March 2000. And almost everyone in the financial world seems convinced that things are somehow “different” this time around. Even though by almost every objective measure stocks are wildly overpriced right now, and even though there are a whole host of signs that economic trouble is on the horizon, the overwhelming consensus is that this bull market is just going to keep charging ahead. But of course that is what they thought just before the last two stock market crashes in 2001 and 2008 as well. No matter how many times history repeats, we never seem to learn from it. (Read More...)

The Internet Of Things: A Dystopian Nightmare Where Everyone And Everything Will Be Monitored On The Internet

March 1, 2015March 1, 2015 by Michael

Can you imagine a world where your home, your vehicles, your appliances and every single electronic device that you own is constantly connected to the Internet? This is not some grand vision that is being planned for some day in the future. This is something that is being systematically implemented right now. In 2015, we already have “smart homes”, vehicles that talk to one another, refrigerators that are connected to the Internet, and televisions that spy on us. Our world is becoming increasingly interconnected, and that opens up some wonderful possibilities. But there is also a downside. What if we rapidly reach a point where one must be connected to the Internet in order to function in society? Will there come a day when we can’t even do basic things such as buy, sell, get a job or open a bank account without it? And what about the potential for government abuse? Could an “Internet of Things” create a dystopian nightmare where everyone and everything will be constantly monitored and tracked by the government? That is something to think about. (Read More...)

The War On Preppers: Obama Bans Ammo For The Most Popular Rifle In America

February 26, 2015February 26, 2015 by Michael

Because he can’t get Congress to approve the things that he wants to do, Barack Obama has apparently decided to rule by decree for the rest of his time in the White House. One of Obama’s latest moves is to try to ban some of the most popular ammunition for the most popular rifle in America. Previously, the Obama administration attempted unsuccessfully to ban the AR-15. That didn’t work, so now Obama is going after the ammunition. This is yet another example of the war on preppers that is going on all over the nation. Whether you are a gun owner or not, this assault on our constitutional rights should disturb you greatly. Barack Obama has promised to try to squeeze as much “change” as possible out of his last two years, and in the process he is “fundamentally transforming” America. But what will our country look like when he is done? (Read More...)

The Odds Of A War Between Israel And Iran Just Went Way Up

February 25, 2015February 25, 2015 by Michael

Uh oh – Iran just got caught with both hands in the cookie jar. It turns out that even while Iran has been negotiating a “historic peace deal” with the western world, it has been secretly operating a huge underground nuclear enrichment site that it didn’t tell anyone about. But this is what the Iranians always do. They lie, lie and then lie some more. So how in the world can you make a deal with a government that absolutely refuses to tell the truth? These revelations about a secret underground nuclear facility just outside Tehran come at a time when it looked like the Obama administration was about to cave in and give Iran just about everything that it wanted. The “deal” that Obama was going to give them would have allowed the Iranians to keep all of the nuclear infrastructure that they have already constructed and would also give them permission to start building nuclear weapons in about a decade. It would be a monstrously bad deal for the western world, and the Iranians should have jumped at it. But now these new revelations could throw a wrench into those negotiations. But much more importantly, knowledge of this secret nuclear facility has got to be extremely alarming to the Israelis. Prime Minister Benjamin Netanyahu has always said that Israel will never, ever allow Iran to construct a nuclear weapon. So what will happen if the Israelis determine that Iran is actually much closer to building a nuclear bomb that anyone originally suspected? The truth is that the odds of a war between Israel and Iran just went way up thanks to these revelations, and that is not good news for any of us. (Read More...)

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