Do you want to know when the “economic collapse” is going to happen? Just open up your eyes and take a look. The “economic collapse” is already happening all around us. So many people talk about the coming economic collapse as if it is some massively hyped event that they will be able to point to on the calendar, and a lot of writers spend a lot of time speculating about exactly when it will happen. But as I have written about before, the economic collapse is not a single event. The economic collapse has been happening, it is happening right now, and it will be getting a lot worse. Yes, there will be moments of great crisis. We saw one of those “waves” back in 2008 and another “wave” is rapidly approaching. But all of the waves are part of a process that is continually unfolding. Over the past 40 years, the United States and Europe have piled up the greatest mountain of debt in the history of the world, and now a tremendous amount of pain is heading our way. Economic conditions in the United States and Europe have already deteriorated badly and they are going to continue to deteriorate. Nothing is going to stop what is coming. (Read More...)
11 Signs That Time Is Quickly Running Out For The Global Financial System
Are we rapidly approaching a moment of reckoning for the global financial system? August is likely to be a relatively slow month as most of Europe is on vacation, but after that we will be moving into a “danger zone” where just about anything could happen. Historically, a financial crisis has been more likely to happen in the fall than during any other time, and this fall is shaping up to be a doozy. Much of the focus of the financial world is on whether or not the euro is going to break up, but even if the authorities in Europe are able to keep the euro together we are still facing massive problems. Countries such as Greece and Spain are already experiencing depression-like conditions, and much of the rest of the globe is sliding into recession. Unemployment has already risen to record levels in some parts of Europe, major banks all over Europe are teetering on the brink of insolvency, and the flow of credit is freezing up all over the planet. If things take a really bad turn, this crisis could become much worse than the financial crisis of 2008 very quickly. (Read More...)
Does Barack Obama Expect The Upcoming Election To Spark Rampant Civil Unrest?
What is Barack Obama preparing for? What does Barack Obama actually expect to happen in November? Does he believe that the upcoming election could actually spark rampant civil unrest inside the United States? The conditions are certainly ripe for civil unrest in this country. A multitude of recent polls and surveys have shown that Americans are angrier and more frustrated than ever. Sadly, we are taking a lot of that anger and frustration out on each other. America is more divided today than at any other time since the Civil War era. The left absolutely hates Mitt Romney the Republicans, and the right absolutely hates Barack Obama and the Democrats. If you doubt this, just surf political blogs for a few hours and read the comments that people leave. This country is a boiling cauldron of hatred and anger and all it is going to take is just the right “spark” to cause all of this hatred and anger to absolutely explode. This upcoming election season is likely to be one of the most heated and divisive election seasons in U.S. history, and if there is not a clear winner on election night there is the potential that chaos could be unleashed that would be far, far worse than anything we saw during the Bush/Gore debacle of 2000. (Read More...)
17 Reasons Why Those Hoping For A Recession In 2012 Just Got Their Wish
If you were hoping for a recession in 2012, then you are going to be very happy with the numbers you are about to see. The U.S. economy is heading downhill just in time for the 2012 election. Retail sales have fallen for three months in a row for the first time since 2008, manufacturing activity is dropping like a rock, sales of new homes are declining again, consumer confidence has moved significantly lower and a depressingly small percentage of businesses anticipate hiring more workers in the coming months. Even though the Federal Reserve has been wildly pumping money into the financial system and even though the federal government has been injecting gigantic piles of borrowed cash into the economy, we still haven’t seen an economic recovery. In fact, we appear to be on the verge of yet another major downturn. In California the other night, Barack Obama told supporters that “we tried our plan — and it worked“, but only those that are still drinking the Obama kool-aid would believe something so preposterous. The truth is that the U.S. economy has been steadily declining for many years and now we have reached another very painful recession. (Read More...)
The Audit The Fed Bill Gets Passed By The House But Obama And The Democrats Are Going To Kill It
On Wednesday, Ron Paul’s bill to audit the Federal Reserve was overwhelmingly passed by the U.S. House of Representatives. The vote was 327 to 98. You would think that a bill with such overwhelming support would easily become law. But it won’t, because Barack Obama and the Democrats plan to kill it. Senate Majority Leader Harry Reid has already said that the Senate will not even consider the bill. But of course if Barack Obama called Harry Reid and told him that he wants this bill to get through the Senate so that he could sign it then Harry Reid would be singing a much different tune. Sadly, we all know that is not going to happen. Barack Obama’s good buddy Ben Bernanke called the Audit the Fed bill a “nightmare scenario” last week, and Obama is certainly not going to do anything to upset Bernanke – especially this close to the election. Obama needs Bernanke to do everything that he possibly can to stimulate the economy so that Obama will look as good as possible in November. The sad truth is that there is absolutely no chance that the Audit the Fed bill will become law and that is a crying shame. (Read More...)
100 Million Poor People In America And 39 Other Facts About Poverty That Will Blow Your Mind
Every single day more Americans fall into poverty. This should deeply alarm you no matter what political party you belong to and no matter what your personal economic philosophy is. Right now, approximately 100 million Americans are either “poor” or “near poor”. For a lot of people “poverty” can be a nebulous concept, so let’s define it. The poverty level as defined by the federal government in 2010 was $11,139 for an individual and $22,314 for a family of four. Could you take care of a family of four on less than $2000 a month? Millions upon millions of families are experiencing a tremendous amount of pain in this economy, and no matter what “solutions” we think are correct, the reality is that we all should have compassion on them. Sadly, things are about to get even worse. The next major economic downturn is rapidly approaching, and when it hits the statistics posted below are going to look even more horrendous. (Read More...)
12 Signs That Spain Is Shifting Gears From Recession To Depression
Where have we seen this before? Bond yields soar above the 7 percent danger level. Check. The stock market crashes to new lows. Check. Industrial activity plummets like a rock and the economy contracts. Check. The unemployment rate skyrockets to more than 20 percent. Check. The bursting of a massive real estate bubble pushes the banking system to the brink of implosion. Check. Broke local governments beg the broke national government for bailouts. Check. The international community pressures the national government to implement deep austerity measures which will slow down the economy even more and hordes of violent protesters take to the streets. Check. All of this happened in Greece, it is happening right now in Spain, and mark my words it will eventually happen in the United States. Every debt bubble eventually bursts, and right now Spain is experiencing a level of economic pain that very, very few people saw coming. The recession in Spain is rapidly becoming a full-blown economic depression, and at this point there is no hope and no light at the end of the tunnel. (Read More...)
James Holmes Is Not Alone – 20 More Examples Of The Sickos That Are Overrunning America
There is much more to the collapse of America than just our economic problems. The truth is that the United States is like a beautiful house that may still look great on the outside but that has rotted and decayed very badly on the inside. In fact, the foundations of our country have rotted away so badly that our entire society is starting to collapse. Just look at James Holmes. It would be great if we could honestly say that James Holmes is an aberration, but we all know better than that. James Holmes is not alone. The cold, hard reality of the matter is that our degenerate society regularly produces sickos and monsters like James Holmes. As I wrote about the other day, we lead the world in a whole host of bad categories. We lead the world in child abuse, we lead the world in divorce, we lead the world in teen pregnancy and we lead the world in drug addiction. The basic building blocks of society that tie us together and help keep us grounded (such as the family) are breaking down, but we still seem surprised that we have hordes of “lone wolf individuals” running around doing crazy things. We are a sick, twisted society that is producing sick, twisted individuals. If we do not admit how deep our problems really are, then we are never going to find any real solutions and we are going to keep being shocked when another James Holmes pops on to the scene. (Read More...)