Are You Prepared For The Coming Economic Collapse And The Next Great Depression?
Today financial power is being concentrated in the hands of fewer and fewer individuals. In fact, the six biggest banks in the United States now possess assets equivalent to 60 percent of America’s gross national product. Back in the 1990s that figure was less than 20 percent. These six banks – Goldman Sachs, Morgan Stanley, … Read more
If the United States experiences a horrifying economic collapse (and it most definitely will), will that cause a complete and total collapse of society? Will we experience crime, violence, riots and social unrest on a scale that is unprecedented in U.S. history? Before you dismiss such notions as utter foolishness dreamed up by a few bloggers … Read more
The recent economic collapse in Greece has caused a significant weakening of the Euro and has created a measure of financial panic all over Europe. So what solutions are being put forward by the governments of Europe? More centralization, more globalization and more power for the EU. For example, the German and French finance ministers have formulated … Read more
On Wednesday, Federal Reserve Chairman Ben Bernanke warned Congress that the Federal Reserve does not plan to “print money” to help Congress finance the exploding U.S. national debt. In fact, Bernanke told Congress that the U.S. could soon face a debt crisis as bad as the one in Greece if the U.S. government does not get things in … Read more
Is the United States economy headed for another Great Depression? Well, according to Barack Obama, that is no longer possible. According to Obama, the United States has avoided an economic collapse and is headed for another wonderful era of growth and prosperity. But is Obama right? Do the economic signs indicate that the U.S. is … Read more
Has China decided that now is the time to start dumping U.S. Treasuries? The Treasury Department announced on Tuesday that foreign holdings of U.S. Treasury securities fell by $53 billion in December, which is an all-time record decline for one month. China alone reduced its holdings by $34.2 billion. So is this because the U.S. … Read more