Are You Prepared For The Coming Economic Collapse And The Next Great Depression?
In all of U.S. history, we have never seen a spike in unemployment like we are witnessing right now. Last Thursday it was announced that more than 3.2 million Americans had filed new claims for unemployment benefits during the previous week, and many believe that the number that will be announced this Thursday will be … Read more
We haven’t seen anything like this since the last financial crisis erupted in 2008. Wall Street has been gripped by a tremendous amount of fear, and the volatility that we are witnessing would have been unimaginable just a couple of months ago. On Monday, the Dow Jones Industrial Average fell 2,013 points. To put that … Read more
The biggest bank in Europe is in the process of imploding, and there are persistent rumors that the final collapse could happen sooner rather than later. Those that follow my work on a regular basis already know that this is a story that I have been following for years. Deutsche Bank is rapidly bleeding cash, … Read more
Are we about to see U.S. financial markets go crazy? That is what Goldman Sachs seems to think, and it certainly wouldn’t be the first time that great financial chaos has been unleashed during the month of October. When the stock market crashed in October 1929, it started the worst economic depression that we have … Read more
A war on cryptocurrencies such as Bitcoin, Ethereum, Ripple and Litecoin has begun, and it threatens to destroy the entire cryptocurrency industry. If you think that I am exaggerating, just keep reading. Government agencies are cracking down hard, Bitcoin traders that don’t file the proper paperwork are being sent to prison, Facebook and other online … Read more
All of a sudden, the mainstream media is starting to sound a lot like The Economic Collapse Blog. Throughout the Obama years, the mainstream media in the United States always seemed extremely hesitant to suggest that difficult economic times may be ahead, but now talk of “another global financial crisis” seems to be all over … Read more
If the U.S. economy is performing well, then why can’t 51 million households in the United States “afford basics like rent and food”. A stunning new report that was just put out by the United Way ALICE Project shows that the gap between the wealthy and the poor in this country is perhaps the biggest … Read more
Seriously? We were expecting that Tuesday would be an unusual day on Wall Street, and that was definitely the case. At the low point, the Dow Jones industrial average was down 567 points, but at the closing bell it was up 567 points. That is a swing of more than 1000 points, but what is … Read more