The Federal Reserve Is Increasing The Pace Of Interest Rate Hikes Just In Time For The 2018 Mid-Term Elections

If the Federal Reserve really wanted to hurt the U.S. economy, the quickest way that it could do that would be by aggressively raising interest rates.  Lower interest rates make it less expensive to borrow money, and therefore economic activity tends to expand in a low interest rate environment.  Alternatively, higher interest rates make it more expensive to borrow money, and economic activity tends to slow down in a high interest rate environment.  Since 1913, the Federal Reserve has engaged in 18 previous rate hiking cycles, and every single one of them resulted in a huge stock market decline and/or a recession.  It will be the same this time around as well, and the “experts” at the Federal Reserve know exactly what they are doing.  Interest rates are being aggressively jacked up just in time for the 2018 mid-term elections, and that is very bad news for the Republican Party and the Trump administration. (Read More...)

The Real Economic Numbers: 21.5 Percent Unemployment, 10 Percent Inflation And Negative Economic Growth

Every time the mainstream media touts some “wonderful new economic numbers” I just want to cringe.  Yes, it is true that the economic numbers have gotten slightly better since Donald Trump entered the White House, but the rosy economic picture that the mainstream media is constantly painting for all of us is completely absurd.  As you are about to see, if honest numbers were being used all of our major economic numbers would be absolutely terrible.  Of course we can hope for a major economic turnaround for America under Donald Trump, but we certainly are not there yet.  Economist John Williams of shadowstats.com has been tracking what our key economic numbers would look like if honest numbers were being used for many years, and he has gained a sterling reputation for being accurate.  And according to him, it looks like the U.S. economy has been in a recession and/or depression for a very long time. (Read More...)

War On Cryptocurrencies: Wells Fargo, J.P. Morgan Chase, Bank of America, Citigroup And Capital One Have Banned Their Customers From Buying Bitcoin With Credit Cards

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 ad platforms have banned all cryptocurrency advertising, and now major credit card companies are banning their customers from using their credit cards to buy cryptos.  What is an industry supposed to do if it can’t advertise and it can’t take credit cards?  Such moves would kill virtually any consumer-oriented industry, and right now the cryptocurrency industry is absolutely reeling.  If this war on cryptocurrencies continues to intensify, I honestly don’t know how the industry is going to survive. (Read More...)

A Yellow Alert Has Just Been Issued For 2 Major Volcanoes In North America

Massive eruptions of Hawaii’s Kilauea volcano and Guatemala’s Fuego volcano have captivated the entire world in recent days, and now it looks like even more volcanoes are starting to wake up.  In fact, yellow alerts were just issued for Mexico’s Mt. Popocatepetl and Alaska’s Great Sitkin volcano.  Mt. Popocatepetl and Great Sitkin both sit along the “Ring of Fire” that roughly encircles the perimeter of the Pacific Ocean, and many are becoming concerned that we may be witnessing some sort of “chain reaction” as volcanoes all over the globe begin to exhibit signs of increased activity.  This even includes some unusual happenings at Yellowstone, and we will cover that near the end of this article.  But to start with, let’s take a look at the yellow alert that was just issued for Mt. Popocatepetl.  The following comes from a government website in Mexico(Read More...)

Why HBO’s Bill Maher Is Rooting For An Economic Collapse: “One Way You Get Rid Of Trump Is A Crashing Economy”

How many others among the elite are thinking the exact same thing that Bill Maher is thinking?  For more than a year, special counsel Robert Mueller’s investigation has been the focus for those that have wanted to get rid of President Trump, but at this point it has become obvious that Mueller’s investigation is going to bear little if any fruit.  So what is the next move for the elite if they are absolutely determined to get rid of Donald Trump?  Well, it could be to crash the economy.  Without a doubt, those at the very top of the food chain have the ability to cause a massive disruption to the financial system any time that they would like, and we are clearly more primed for a crisis than we have been at any other point since 2008.  Would the elite really be tempted to push the economy “in front of a train” if that is what is necessary to remove Donald Trump from the equation? (Read More...)

The Big Secret The Mainstream Media Doesn’t Want To Tell You About America’s Soaring Suicide Rates

This week two celebrity suicides rocked the nation, and neither of them seemed to make any sense.  Kate Spade’s handbag designs had taken the fashion world by storm, and she was supposedly living the kind of lifestyle that millions of Americans can only dream about.  And Anthony Bourdain was one of those rare journalists that was greatly loved by both the left and the right.  His “Kitchen Confidential” book is currently the #1 best seller on Amazon, and his “Parts Unknown” series was one of CNN’s most popular shows.  Why would people that seemingly have everything going for them decide to kill themselves?  Well, by the end of this article you will learn some things about suicide and depression in the United States that the mainstream media definitely does not want to talk about.  And all you have to do is to follow the money to discover the very disturbing reason why the mainstream media does not want to talk about them. (Read More...)

18 Times The Fed Has Gone Through A Rate Hiking Cycle, And 18 Times It Has Caused A Huge Stock Market Decline And/Or A Recession

Since 1913, the Federal Reserve has engaged in 18 distinct interest rate hiking campaigns, and in every single one of those instances the end result was a large stock market decline, a recession, or both.  Now we are in the 19th rate tightening cycle since 1913, but many of the experts are insisting that things will somehow be different this time.  They assure us that the U.S. economy will continue to grow and that stock prices will continue to soar.  Of course the truth is that if something happens 18 times in a row, there is a really, really good chance that it will happen on the 19th time too.  For years I have been trying to get people to understand that our country has been on an endless roller coaster ride ever since the Fed was created back in 1913.  Things can seem quite pleasant when the economy is on one of the upswings, but the downswings can be extremely painful. (Read More...)

$28,166: What It Costs To Provide Health Care For An American Family Of Four For One Year

One of the primary reasons why the middle class in America is disappearing so rapidly is because of skyrocketing health care costs.  Families all over the country are being absolutely crushed by extremely high health insurance premiums, ridiculously high deductibles and very large out-of-pocket expenses that were not anticipated.  In fact, medical bills are the number one reason why individuals go bankrupt in the United States today.  Once upon a time, the medical profession was all about helping people, but today it has become a heartless money-making operation that is dominated by health insurance corporations and pharmaceutical companies.  If we do not make major changes quickly, our out of control health care system will destroy the middle class in our country all by itself. (Read More...)

When They Shall Say “Peace And Safety”: Polls Show Americans Are The Most Optimistic They Have Been In A Very Long Time

By a very wide margin, this is the most optimistic that Americans have been about the future since I started The Economic Collapse Blog in late 2009.  Even though the middle class is shrinking, 102 million working age Americans do not have a job, and we are now 21 trillion dollars in debt, most people are feeling really good about things right now.  Especially among Republicans, there is an overwhelming consensus that the United States is starting to head in the right direction and that better times are ahead.  As a result, so many of the exact same people that were “prepping” while Barack Obama was in the White House are now partying now that Donald Trump is president.  But none of the long-term trends that are systematically destroying our nation have been significantly altered, and none of our long-term problems have been solved.  We are still steamrolling down a path toward national suicide, but most Americans simply do not care. (Read More...)

15 Signs That The Middle Class In The United States Is Being Systematically Destroyed

If your family is really struggling right now, you are far from alone.  I have been publishing The Economic Collapse Blog for more than eight years, and all throughout that time I have seen the middle class in America get smaller and smaller and smaller.  It is almost as if we are all playing a really bizarre game of musical chairs and every month someone pulls a few more chairs from the game.  Yes, there are some people that have gotten exceedingly wealthy over the past eight years, and most of that wealth is concentrated in places such as New York, Washington D.C. and San Francisco.  But meanwhile, most of the rest of the country has been steadily getting poorer.  Just take a look at Detroit – at one time it had the highest per capita income in the entire nation and now it is a rotting, decaying war zone.  Of course dozens of other formerly great manufacturing cities all over the nation have suffered a similar fate.  Since 2001, we have lost more than 70,000 manufacturing facilities and millions of good paying manufacturing jobs.  Those good paying jobs have been replaced by lower paying “service jobs”, and you can’t support a middle class lifestyle on those types of jobs. (Read More...)