According to the Federal Reserve, the percentage of American families that own a small business is at the lowest level that has ever been recorded. In a report that was just released entitled “Changes in U.S. Family Finances from 2010 to 2013: Evidence from the Survey of Consumer Finances“, the Federal Reserve revealed that small business ownership in America “fell substantially” between 2010 and 2013. Even in the midst of this so-called “economic recovery”, small business ownership in America has now fallen to an all-time low. If the economy truly was healthy, this would not be happening. And it isn’t as if Americans are flooding the labor market either. As I detailed yesterday, the labor force participation rate in this country is at a 36 year low. That would not be happening if the economy was actually healthy either. The truth is that the middle class in America is dying, and this new report from the Federal Reserve is more evidence of this very harsh reality. (Read More...)
If The Economy Is Recovering, Why Is The Labor Force Participation Rate At A 36 Year Low?
Should we be concerned that the percentage of Americans that are either working or looking for work is the lowest that it has been in 36 years? In August, an all-time record high 92,269,000 Americans 16 years of age and older did not “participate in the labor force”. And when you throw in the people that are considered to be “in the labor force” but are not currently employed, that pushes the total of working age Americans that do not have jobs to well over 100 million. Yes, it may be hard to believe, but there are more than 100 million working age Americans that are not employed right now. Needless to say, this is not a sign of a healthy economy, and it is a huge reason why dependence on the government has soared to absolutely unprecedented levels. When people can’t take care of themselves, they need someone else to take care of them. If the percentage of people in the labor force continues to decline like it has been, what is that going to mean for the future of our society? (Read More...)
Most People Don’t Believe It, But We Are Right On Schedule For The Next Financial Crash
People have such short memories. Even though we are repeating so many of the same patterns that we witnessed in 2000-2001 and 2007-2008, most people do not think that another financial crash is coming. In fact, with the stock market setting record high after record high lately, I have been taking quite a bit of criticism for my relentless warnings about the coming financial storm. Many of the comments go something like this: “Snyder you are a moron! Nothing you say ever comes true. The stock market is going to keep on rocking and Obama is going to lead this country back to greatness. I hope that you choke on all of your doom and gloom.” Of course these critics never offer any hard evidence that I have been wrong about anything. They just assume that since the stock market has soared to unprecedented heights that all of us “bears” must have been wrong. (Read More...)
16 Apocalyptic Quotes From Global Health Officials About This Horrific Ebola Epidemic
Ebola continues to spread an an exponential rate. According to the World Health Organization, 40 percent of all Ebola cases have happened in just the last three weeks. At this point, the official numbers tell us that approximately 3,500 people have gotten the virus in Africa and more than 1,900 people have died. That is quite alarming, but the real problem will arise if this disease continues to spread at an exponential pace. One team of researchers has used computer modeling to project that the number of Ebola cases will reach 10,000 by September 24th if current trends continue. And if the spread of Ebola does not slow down, we could be dealing with 100,000 cases by December. Even the WHO is admitting that the number of cases is likely to grow to 20,000 before too much longer, and global health officials are now starting to use apocalyptic language to describe this outbreak. (Read More...)
The Seven Year Cycle Of Economic Crashes That Everyone Is Talking About
Large numbers of people believe that an economic crash is coming next year based on a seven year cycle of economic crashes that goes all the way back to the Great Depression. What I am about to share with you is very controversial. Some of you will love it, and some of you will think that it is utter rubbish. I will just present this information and let you decide for yourself what you want to think about it. In my previous article entitled “If Economic Cycle Theorists Are Correct, 2015 To 2020 Will Be Pure Hell For The United States“, I discussed many of the economic cycle theories that all seem to agree that we are on the verge of a major economic downturn in this country. But there is an economic cycle that I did not mention in that article that a lot of people are talking about right now. And if this cycle holds up once again in 2015, it will be really bad news for the U.S. economy. (Read More...)
Wall Street Admits That A Cyberattack Could Crash Our Banking System At Any Time
Wall Street banks are getting hit by cyber attacks every single minute of every single day. It is a massive onslaught that is not highly publicized because the bankers do not want to alarm the public. But as you will see below, one big Wall Street bank is spending 250 million dollars a year just by themselves to combat this growing problem. The truth is that our financial system is not nearly as stable as most Americans think that it is. We have become more dependent on technology than ever before, and that comes with a potentially huge downside. An electromagnetic pulse weapon or an incredibly massive cyberattack could conceivably take down part or all of our banking system at any time. (Read More...)
The Road To World War 3: Russia And Ukraine Are Now Engaged In A Shooting War
Russian soldiers and Ukrainian soldiers are now shooting at each other in eastern Ukraine. Could this conflict ultimately lead us down the road to World War 3? This week, a very robust force of “tanks, artillery and infantry” has opened up a “third front” in the Ukrainian civil war in a part of southeastern Ukraine that had not seen much fighting yet. Exhausted Ukrainian forces are suddenly being pushed back rapidly and many outsiders are wondering how the nearly defeated rebels were able to muster such impressive military strength all of a sudden. But it really isn’t much of a mystery. The tanks, artillery and infantry came from inside Russia. In recent days, Ukrainian units have captured ten Russian paratroopers and there have even been funerals for Russian paratroopers that have been killed in action back home in Russia. Even though it has become exceedingly obvious that Russia is now conducting a stealth invasion of Ukraine, Vladimir Putin is still choosing to deny it. But if he did publicly admit it, that would be even more dangerous. Barack Obama would be forced into a position of either having to do something about the Russian invasion or look weak in the eyes of the public. And as the Russians have already shown, they are more than willing to match any move that the Obama administration makes. (Read More...)
Ebola Among Health Workers: More Than 240 Sick, More Than 120 Dead
If hundreds of doctors and nurses are becoming infected with Ebola, what chance is the general public going to have? This is not just a question that many of us are asking. As you will see below, this is a question that the World Health Organization is asking. When dozens of health workers started getting Ebola, nobody could explain how it was happening. More precautions were taken and health workers were even more careful than before. Then the number of sick health workers rose to 170. Even more measures were taken to keep doctors and nurses from getting the disease, but now just a couple of weeks later we have learned that a total of 240 health workers have contracted the virus and more than 120 of them have died. Overall, more than 2,600 people have been infected with Ebola since this outbreak began and more than 1,400 people have died. This virus continues to spread at an exponential rate, and now we have learned that there are confirmed cases of Ebola in the Democratic Republic of Congo. When are people in the western world going to wake up and start taking this disease seriously?
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