27 Facts That Show How The Middle Class Has Fared Under 6 Years Of Barack Obama

27 Facts That Show How The Middle Class Has Fared Under Barack ObamaDuring his State of the Union speech on Tuesday evening, Barack Obama is going to promise to make life better for middle class families.  Of course he has also promised to do this during all of his other State of the Union addresses, but apparently he still believes that there are people out there that are buying what he is selling.  Each January, he gets up there and tells us how the economy is “turning around” and to believe that much brighter days are right around the corner.  And yet things just continue to get even worse for the middle class.  The numbers that you are about to see will not be included in Obama’s State of the Union speech.  They don’t fit the “narrative” that Obama is trying to sell to the American people.  But all of these statistics are accurate.  They paint a picture of a middle class that is dying.  Yes, the decline of the U.S. middle class is a phenomenon that has been playing out for decades.  But without a doubt, our troubles have accelerated during the Obama years.  When it comes to economics, he is completely and utterly clueless, and the policies that he has implemented are eating away at the foundations of our economy like a cancer.  The following are 27 facts that show how the middle class has fared under 6 years of Barack Obama… (Read More...)

What In The World Just Happened In Switzerland?

Swiss Francs - Public DomainCentral banks lie.  That is what they do.  Not too long ago, the Swiss National Bank promised that it would defend the euro/Swiss franc currency peg with the “utmost determination”.  But on Thursday, the central bank shocked the financial world by abruptly abandoning it.  More than three years ago, the Swiss National Bank announced that it would not allow the Swiss franc to fall below 1.20 to the euro, and it has spent a mountain of money defending that peg.  But now that it looks like the EU is going to launch a very robust quantitative easing program, the Swiss National Bank has thrown in the towel.  It was simply going to cost way too much to continue to defend the currency floor.  So now there is panic all over Europe.  On Thursday, the Swiss franc rose a staggering 30 percent against the euro, and the Swiss stock market plunged by 10 percent.  And all over the world, investors, hedge funds and central banks either lost or made gigantic piles of money as currency rates shifted at an unprecedented rate.  It is going to take months to really measure the damage that has been done.  Meanwhile, the euro is in greater danger than ever.  The euro has been declining for months, and now the number one buyer of euros (the Swiss National Bank) has been removed from the equation.  As things in Europe continue to get even worse, expect the euro to go to all-time record lows.  In addition, it is important to remember that the Asian financial crisis of the late 1990s began when Thailand abandoned its currency peg.  With this move by Switzerland set off a European financial crisis? (Read More...)

This Is Exactly How Markets Behave Right Before They Crash

Roller Coaster - Photo by NeukolnWhen the stock market starts to behave like a roller coaster, that is a sign that a major move to the downside is right around the corner.  As I have stated repeatedly, when the market is very calm it tends to go up.  But when the waters start getting really choppy, that is a clear indication that stocks are about to plummet.  In early 2015, volatility has returned to Wall Street in a big way.  At one point on Tuesday, the Dow was up more than 300 points.  But then the bottom dropped out.  From the peak on Tuesday, the Dow plunged nearly 700 points in less than 30 hours before recovering more than 100 points at the end of the day.  The Dow has now experienced the longest losing streak that we have seen in 3 months, but that is not that big of a deal.  Of much greater concern is the huge price swings that we have been seeing. Remember, the three largest single day stock market increases in history were right in the middle of the financial crisis of 2008.  So if stocks go up 400 points tomorrow that is NOT a good sign.  What we really need is a string of days when stocks move less than 100 points in either direction.  If stocks keep making dramatic moves up and dramatic moves down, history tells us that it is only a matter of time before they collapse.  Any student of stock market history knows that what we are witnessing right now is exactly how markets behave right before they crash. (Read More...)

89 Tips That Will Help You Prepare For The Coming Economic Depression

89 Tips That Will Help You Prepare For The Coming Economic DepressionWhat do we need to do in order to prepare for the coming economic collapse?  Are there practical steps that we can take right now that will help us and our families survive the economic depression that is approaching?  As the publisher of The Economic Collapse Blog, I get asked these kinds of questions a lot.  Once people become convinced that an economic collapse is coming, they want to know what they should do.  And so in this article I am going to share some key pieces of advice from some of the top experts in the entire country.  If you are not convinced that economic disaster is on the way, this article might not be for you.  Instead, I would encourage you to go to my website where you will find more than 1,200 articles that set out the case for the coming economic collapse in excruciating detail.  For those of you that are interested in getting prepared, I apologize in advance for the outline format of this article.  To examine each of these points in detail would take an entire book.  In fact, I am the co-author of a book that will soon be published that discusses many of these things in great depth.  But you don’t have to wait for a book to get prepared.  Mostly, it comes down to common sense.  In this article, I share 89 common sense tips that will help you get prepared for the coming economic depression.  Hopefully a lot of people will find these to be very helpful. (Read More...)

Boom Goes The Dynamite: The Crashing Price Of Oil Is Going To Rip The Global Economy To Shreds

Boom Goes The Dynamite - Public DomainIf you were waiting for a “black swan event” to come along and devastate the global economy, you don’t have to wait any longer.  As I write this, the price of U.S. oil is sitting at $45.76 a barrel.  It has fallen by more than 60 dollars a barrel since June.  There is only one other time in history when we have seen anything like this happen before.  That was in 2008, just prior to the worst financial crisis since the Great Depression.  But following the financial crisis of 2008, the price of oil rebounded fairly rapidly.  As you will see below, there are very strong reasons to believe that it will not happen this time.  And the longer the price of oil stays this low, the worse our problems are going to get.  At a price of less than $50 a barrel, it is just a matter of time before we see a huge wave of energy company bankruptcies, massive job losses, a junk bond crash followed by a stock market crash, and a crisis in commodity derivatives unlike anything that we have ever seen before.  So let’s hope that a very unlikely miracle happens and the price of oil rebounds substantially in the months ahead.  Because if not, the price of oil is going to absolutely rip the global economy to shreds. (Read More...)

Obama Declares War On ‘Extremism’ – Are You An ‘Extremist’ According To His Definition?

Prison Camp - Public DomainDo you know what an “extremist” is?  In the wake of the horrible terror attacks on the offices of Charlie Hebdo in France, Barack Obama is speaking very boldly about the need to win the war against “extremists”, and he has announced plans to host a major global summit on “extremism” next month.  And on the surface that sounds great.  But precisely how are we supposed to determine whether someone is an “extremist” or not?  What criteria should we use?  As you will see below, your definition of an “extremist” may be far, far different from the definition that Barack Obama is using.  When you do a Google search, you will find that an “extremist” is defined as “a person who holds extreme or fanatical political or religious views, especially one who resorts to or advocates extreme action.”  According to Wikipedia, “extremism” is “an ideology (particularly in politics or religion), considered to be far outside the mainstream attitudes of a society or to violate common moral standards.  Extremism can take many forms, including political, religious and economic.”  Please notice that neither of those definitions uses the word violence.  In this day and age, you can be considered an “extremist” simply based on what you believe, and as you will see later in this article there are now tens of millions of Americans that are considered to be “extremists” and “potential terrorists” according to official U.S. government documents. (Read More...)

All Over America, Government Officials Are Cracking Down On Preppers

Police State Big Brother Prison Grid - Public DomainWhy would the government want to punish people that are just trying to work hard, become more self-sufficient and take care of their families?  There are approximately 3 million preppers in the United States today, and often they appear to be singled out for punishment by bureaucratic control freaks that are horrified at the thought that there are families out there that actually want to try to become less dependent on the system.  So if you use alternative methods to heat your home, or if you are not connected to the utility grid, or if you collect rainwater on your property, or if you believe that parents should have the ultimate say when it comes to health decisions for their children, you could become a target for overzealous government enforcers.  Once upon a time, America was the land of the free and the home of the brave, but now we are being transformed into a socialist police state where control freak bureaucrats use millions of laws, rules and regulations to crack down on anyone that dares to think for themselves. (Read More...)

On The Verge Of The Next Economic Crisis, 62 Percent Of Americans Are Living Paycheck To Paycheck

Money Emergency Funds - Public DomainNearly two-thirds of all Americans are completely and totally unprepared for the next economic crisis.  As you will read about below, a new survey has found that only 38 percent of Americans have enough money on hand to cover “a $500 repair bill or a $1,000 emergency room visit”.  That essentially means that 62 percent of the people in this country do not have an emergency fund.  Even after the extremely bitter financial lessons that millions of Americans learned during the last recession, most of us are still choosing to live on the edge.  That is utter insanity, and when the next major economic downturn strikes most people are going to find themselves totally unprepared. (Read More...)

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