Are You Prepared For The Coming Economic Collapse And The Next Great Depression?
California is being hit by a “plague of rats”, and some commentators are suggesting that this is exactly what they deserve. In fact, some have even gone so far as to suggest that the name of Los Angeles should be formally changed to “Los Ratas” because the rat problem is so severe there. From Crescent … Read more
If the U.S. economy really was “booming”, then corporate earnings would be rising. But that isn’t happening. In fact, we haven’t seen corporate earnings fall like this since the last recession. They fell during the first quarter of this year, and based on the results we have so far, it appears that corporate earnings will … Read more
It is funny – for decades we have never had any problems with commercial ships passing through the Persian Gulf, but all of a sudden it has become a major flashpoint. As you will see below, the Iranians are now warning that they plan to “secure” the Strait of Hormuz, and meanwhile a plan for … Read more
Democratic presidential candidate Elizabeth Warren is sounding the alarm. In an opinion piece that she put out on Monday, she boldly warned that an “economic crash” is coming. Actually, much of her article sounds like it could have come directly from the pages of the Economic Collapse Blog, and her analysis of the current state … Read more
The U.S. military is following many of the exact same patterns that we witnessed during our previous wars in the Middle East, and that even includes setting up shop at a key military base deep in the heart of the Arabian peninsula. After the U.S. invasion of Iraq in 2003, the U.S. military abandoned Prince … Read more
Why aren’t more Americans concerned that we could be on the verge of an apocalyptic war with Iran? If there was still any doubt, what happened on Friday made it exceedingly clear that we are literally on the brink of seeing World War 3 erupt in the Middle East. And as I detailed yesterday, a … Read more
Could it be possible that we are on the verge of the next “Lehman Brothers moment”? Deutsche Bank is the most important bank in all of Europe, it has 49 trillion dollars in exposure to derivatives, and most of the largest “too big to fail banks” in the United States have very deep financial connections … Read more
Despite all the bragging that the mainstream media is constantly doing about the U.S. economy, the truth is that most Americans are deeply struggling right now. 59 percent of us are living paycheck to paycheck, and nearly 50 million Americans are living in poverty. Sadly, most of those that are living in poverty actually come … Read more