Search Results for: Michael Snyder

What in the world is happening to the middle class?  Once upon a time, the United States had the largest and most vibrant middle class in the history of the world.  When I was growing up, a single income was all that was needed to support a middle class lifestyle for an entire family.  My … Read more

All of a sudden, the giant rock that we all live on is starting to go a bit nuts.  Unusual volcanic activity is happening all over the globe, but the “experts” are assuring us that there is nothing to be concerned about.  But could it be possible that they are wrong?  After you have reviewed … Read more

If someone attacks your troops 46 times in less than a month, you are at war with them.  But the Biden administration certainly does not want to admit that we are at war with Iran.  We are heading into an election year, and many Americans don’t want to hear that we are involved in yet … Read more

Our economy runs on credit, and our banks are the beating heart of that system.  Without healthy banks, how would Americans buy homes, purchase vehicles or get credit cards?  The way that our system is currently constructed, it is absolutely imperative for our banks to function properly.  Unfortunately, the truth is that our banks have … Read more

I truly wish that headline was an exaggeration.  Unfortunately, for decades Americans have been extremely irresponsible with their finances.  As a result, credit card debt is at an all-time high, auto loan debt is at an all-time high, mortgage debt is at an all-time high, corporate debt is at an all-time high, state and local … Read more

Should we be concerned about all of the problems that are suddenly erupting at our banks?  U.S. banks have been shutting down hundreds of branches, they have been laying off thousands of workers, and as I discussed yesterday vast numbers of customer accounts are being unceremoniously shut down without any warning whatsoever.  If all of … Read more

In recent weeks there have been numerous high profile bank “glitches”, accounts are being shut down without warning at a staggering rate all over the nation, and more institutions continue to get into very serious financial trouble.  For a while, I was ignoring some of these reports because I thought they were isolated issues.  But … Read more

Over the past few days, there has been a tremendous amount of speculation about whether or not the conflict in the Middle East will soon become a two front war.  But the truth is that there shouldn’t be any speculation at all.  As you will see below, the conflict in the Middle East has already … Read more