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Economy
Waiting For An “Economic Collapse” : Just Look At What Is Happening To Europe
Economy
January 09, 2014
If you are anxiously awaiting the arrival of the "economic collapse", just open up your eyes and look at what is happening in Europe.  The entire continent is a giant economic mess right now.  Unemployment and poverty levels are setting record highs, car sales are setting record lows, and there is an ocean of bad loans and red ink everywhere you look.  Over the past several years, most of the attention has been on the economic struggles of Greece, Spain and Portugal and without a doubt things continue to get even worse in those nations.  But in 2014 and 2015, Italy and France will start to take center stage.  France has the 5th largest economy on the planet, and Italy has the 9th largest economy on the planet, and at this point both of those economies are rapidly falling to pieces.  Expect both France and Italy to make major headlines throughout the rest of 2014.  I have always maintained that the next major wave of the economic collapse would begin in Europe, and that is exactly what is happening.  The following are just a few of the statistics that show that an "economic collapse" is happening in Europe right now... [LINK]
 
Max Keiser: Economics Of Human Extinction
Economy
January 09, 2014
economics of human extinction
Max Keiser covers the UK's strategy of diminishing affordable property availability to drive the middle and lower class population essentially into extinction.  The U.S. is seeing a slightly different paradigm, in which real estate markets are being propped up artificially while wages and employment fall, giving international banks the opportunity to buy up bankrupt properties that normal people cannot find a private buyer for, and then reintroduce them into the market as rentals.  In the small island nation of the UK, they are being driven towards homelessness through lack of supply.  In America, we are being driven towards property consolidation through wage slavery and feudalism.  I'm not sure if one is necessarily worse than the other, but I will say that at least in America we have the means to fight back when the time is right.  The people of the UK, for all intents and purposes, gave up when they allowed themselves to be disarmed...
 
The USDA Is Pushing Food Stamps Like a Drug Dealer at a Grade School
Economy
August 16, 2013
food stamps cards EBT
One in 7 Americans receives food stamps and the government wants the number to be even higher. Yes, I said higher. The USDA is soliciting people to receive food stamps in the manner of a drug dealer on a grade school playground.  ”Psst – hey you!  I’ve got something for you…it’s free…come on, try it.  You’ll like it!”

Even though we are drowning in debt and going under after a last gasp of air, the government of the United States is encouraging more people to go on the dole, even if doing so had never crossed their minds. [LINK]
 
Economic Collapse Cannot Be Predicted By Charts - Other Standard Economic Indicators
Economy
July 30, 2013
stock market crash
Most astute observers and analysts understand that the world is on the brink of a widespread economic collapse. Our debt, the expansion of the U.S. police state, the militarization of governments, and geo-political posturing are all pointing to an end to life as we have come to know it in the modern world.

We know it’s coming. The question is when? What signs should we be looking for? What will be the catalyst?

The following micro documentary from Storm Clouds Gathering examines the complexity of the variables involved, the intentions of those making the decisions, and the various possibilities – real or imagined – that may set the whole thing into motion. [SHTFPLAN]
 
4 in 5 in US face near-poverty, no work
Economy
July 28, 2013
poverty no work
Four out of 5 U.S. adults struggle with joblessness, near-poverty or reliance on welfare for at least parts of their lives, a sign of deteriorating economic security and an elusive American dream.

Survey data exclusive to The Associated Press points to an increasingly globalized U.S. economy, the widening gap between rich and poor, and the loss of good-paying manufacturing jobs as reasons for the trend. The findings come as President Barack Obama tries to renew his administration's emphasis on the economy, saying in recent speeches that his highest priority is to "rebuild ladders of opportunity" and reverse income inequality.
 
Detroit files for bankruptcy
Economy
July 18, 2013
detroit bankrupt
Detroit—The city of Detroit filed the largest municipal bankruptcy case in U.S. history Thursday afternoon, culminating a decades-long slide that transformed the nation’s iconic industrial town into a model of urban decline crippled by population loss, a dwindling tax base and financial problems.

The 16-page petition was filed in U.S. Bankruptcy Court in Detroit. Gov. Rick Snyder’s office was making plans this afternoon to hold a Friday morning news conference at the Maccabees Building, 5057 Woodward in Midtown, according to a source. It’s the same location where the governor declared a financial emergency for Detroit on March 1.
 
Report: Brinks Vaults Are Being Depleted: “Has the Appearance of a Run On the Bank”
Economy
July 15, 2013
brinks bank run
The price of gold and silver has seen a massive decline as of late, prompting one analyst to suggest that there is no compelling fundamental reason to own precious metals and the only thing investors can do now is “hope and panic, in that order.”

But while current prices and technical charts may leave some with the feeling that gold’s bull run is over and the bubble has popped, others are scooping up as much yellow and silver metal as they can find, and in some cases they’re doing it by the tens of thousands of ounces.

According to recent data from the Chicago Mercantile Exchange, private investors are rapidly exchanging their paper holdings and turning them into deliverable physical assets, an indication that the purported ‘free market’ price for gold on global exchanges is grossly undervalued. [SHTFPLAN]
 
Get Ready For The Next Great Stock Market Exodus
Economy
July 12, 2013
stock market exodus
In the years 2006 and 2007, the underlying stability of the global economy and the U.S. credit base in particular was experiencing intense scrutiny by alternative economic analysts. The mortgage-driven Xanadu that was the late 1990s and early 2000s seemed just too good to be true. Many of us pointed out that such a system, based on dubious debt instruments animated by the central banking voodoo of arbitrary fractional reserve lending and fiat cash creation, could not possibly survive for very long. A crash was coming, it was coming soon, and most of our society was either too stupid to recognize the problem or too frightened to accept the reality they knew was just over the horizon. [SHTFPLAN] [ALTMARKET]
 
101 Million Americans Get Food Aid from Federal Gov’t
Economy
July 08, 2013
101 million american food stamps
The number of Americans receiving subsidized food assistance from the federal government has risen to 101 million, representing roughly a third of the U.S. population.

The U.S. Department of Agriculture estimates that a total of 101,000,000 people currently participate in at least one of the 15 food programs offered by the agency, at a cost of $114 billion in fiscal year 2012. That means the number of Americans receiving food assistance has surpassed the number of private sector workers in the U.S.
 
“Take a Press Release from the Federal Reserve and They Think It Was Written by God”
Economy
June 19, 2013
dollar in flames
If there’s one thing that individual investors can take away from Ben Bernanke’s latest Fed update, it’s that all confidence in the financial and economic systems of this country has been lost.

Within seconds of Ben Bernanke suggesting the Fed would taper monetary expansion and reduce their activity stock markets tumbled. This proves one thing, and it’s what we and many other critics of Fed policy have been saying for nearly five years. The only thing keeping the entire system afloat is the fact that the U.S dollar is the world’s reserve currency, and that we can print it to infinitum. [SHTFPLAN]
 
They Know: Billionaires Are Quietly And Rapidly Dumping Millions of Shares of Stock
Economy
June 17, 2013
billionaires dumping stocks
After the massive crash that rocked global markets in 2008, as Congress, central bankers and major financial institutions met in secret to mitigate the crisis, billionaires like Warren Buffet were buying up shares of some of the hardest hit companies.

At the time, the world was literally on the brink of an unprecedented economic collapse. It was so serious, in fact, that members of Congress were told that should they fail to come to an agreement the fallout would leave the United States in such a state of disarray that martial law would be declared and tanks would be deployed to major American cities. [SHTFPLAN]
 
$2 Trillion Underground Economy May Be Recovery's Savior
Economy
April 25, 2013
underground economy
The growing underground economy may be helping to prevent the real economy from sinking further, according to analysts. The shadow economy is a system composed of those who can't find a full-time or regular job. Workers turn to anything that pays them under the table, with no income reported and no taxes paid -- especially with an uneven job picture.

"I think the underground economy is quite big in the U.S.," said Alexandre Padilla, associate professor of economics at Metropolitan State University of Denver. "Whether it's using undocumented workers or those here legally, it's pretty large."
 
21 Statistics About The Explosive Growth Of Poverty In America - Everyone Should Know
Economy
April 05, 2013
bad economy poverty
If the economy is getting better, then why does poverty in America continue to grow so rapidly?  Yes, the stock market has been hitting all-time highs recently, but also the number of Americans living in poverty has now reached a level not seen since the 1960s.  Yes, corporate profits are at levels never seen before, but so is the number of Americans on food stamps.  Yes, housing prices have started to rebound a little bit (especially in wealthy areas), but there are also more than a million public school students in America that are homeless.  That is the first time that has ever happened in U.S. history.  So should we measure our economic progress by the false stock market bubble that has been inflated by Ben Bernanke’s reckless money printing, or should we measure our economic progress by how the poor and the middle class are doing?  Because if we look at how average Americans are doing these days, then there is not much to be excited about.  In fact, poverty continues to experience explosive growth in the United States and the middle class continues to shrink.  Sadly, the truth is that things are not getting better for most Americans.  With each passing year the level of economic suffering in this country continues to go up, and we haven’t even reached the next major wave of the economic collapse yet.  When that strikes, the level of economic pain in this nation is going to be off the charts. [ECB]
 
First major U.S. city goes under...
Economy
April 01, 2013
stockton bankrupt
A judge accepted the California city of Stockton's bankruptcy application on Monday, making it the most populous city in the nation to enter bankruptcy. U.S. Bankruptcy Judge Christopher Klein said the bankruptcy declaration was needed to allow the city to continue to provide basic services.

"It's apparent to me the city would not be able to perform its obligations to its citizens on fundamental public safety as well as other basic government services without the ability to have the muscle of the contract-impairing power of federal bankruptcy law," Klein said.

 
“They Don’t Realize That They’re In a Bubble Yet… Until It Pops”
Economy
March 24, 2013
economy bubble pop
By all accounts, the mainstream media and corporate leaders would have us believe that the world is in a new bull market. They’ll point us to the stock market as evidence of their claims that the economy is growing and life for the average citizen is returning to normal. Few will discuss the fundamental issues facing financial markets, the least of which is continued unemployment and less consumer spending. Even fewer are willing to, or even capable of, explaining the monetary machinations that have pumped up stock markets and left trillion dollar deficits in their wake.

There are, however, analysts like Doug Casey and Marin Katusa of Casey Research who understand what’s really going on behind the scenes, where it will eventually lead, and how to thrive in a world of uncertainty where the only things of value when the illusion is exposed for what it really is, are hard assets. [SHTFPLAN]
 
NEW EU PLAN: STEAL BANK ACCOUNTS
Economy
March 18, 2013
bankster
The surprise decision by euro zone leaders to part-fund a bailout of Cyprus by taxing bank deposits sent shockwaves through financial markets on Monday, with shares and the bonds of struggling euro zone governments tumbling.

The bloc struck a deal on Saturday to hand Cyprus rescue loans worth 10 billion euros ($13 billion), but defied warnings - including from the European Central Bank - and imposed a levy that would see those with cash in the island's banks lose between 6.75 and 9.9 percent of their money. Parliament in Cyprus put off a vote on the measure - which has shaken depositors' confidence in banks across the continent - until Tuesday, however, and with public anger at the deal widespread the government said it was already looking to ease the pain for small savers.
 
British taxpayers to bail out victims of outrageous raid on Cyprus accounts
Economy
March 18, 2013
money junkies cyprus
  • British Government will reimburse military victims of EU's Cyprus cash grab
  • But 60,000 other Britons still face losing money after bail out
  • Chaos as banks empty cashpoints and ban online transfers 
  • Bank tax could have repercussions across Eurozone and beyond

UK taxpayers will have to compensate thousands of Britons hit by a shock raid on bank accounts in Cyprus. The debt-stricken island, which is home to around 3,000 British military personnel and civil servants, is being given an £8.7billion EU rescue package. But – in a move condemned as ‘robbery’ – Germany says it will not fund the emergency deal unless every saver with a deposit account contributes via a bank tax. Account holders will lose 9.9 per cent of all deposits over 100,000 euros (£85,000), with a 6.75 per cent levy on smaller amounts.
 
Retail Apocalypse: Why Are Major Retail Chains All Over America Collapsing?
Economy
February 18, 2013
retail apocalypse
If the economy is improving, then why are many of the largest retail chains in America closing hundreds of stores?  When I was growing up, Sears, J.C. Penney, Best Buy and RadioShack were all considered to be unstoppable retail powerhouses.  But now it is being projected that all of them will close hundreds of stores before the end of 2013.  Even Wal-Mart is running into problems.  A recent internal Wal-Mart memo that was leaked to Bloombergdescribed February sales as a “total disaster”.  So why is this happening?  Why are major retail chains all over America collapsing?  Is the “retail apocalypse” upon us?  Well, the truth is that this is just another sign that the U.S. economy is falling apart right in front of our eyes.  Incomes are declining, taxes are going up, government dependence is at an all-time high, and according to the Bureau of Labor Statistics the percentage of the U.S. labor force that is employed has been steadily falling since 2006.  The top 10% of all income earners in the U.S. are still doing very well, but most U.S. consumers are either flat broke or are drowning in debt.  The large disposable incomes that the big retail chains have depended upon in the past simply are not there anymore.  So retail chains all over the United States are now closing up unprofitable stores.  This is especially true in low income areas. [ECB]
 
75 Economic Numbers From 2012 That Are Almost Too Crazy To Believe
Economy
December 22, 2012
What a year 2012 has been!  The mainstream media continues to tell us what a “great job” the Obama administration and the Federal Reserve are doing of managing the economy, but meanwhile things just continue to get even worse for the poor and the middle class.  It is imperative that we educate the American people about the true condition of our economy and about why all of this is happening.  If nothing is done, our debt problems will continue to get worse, millions of jobs will continue to leave the country, small businesses will continue to be suffocated, the middle class will continue to collapse, and poverty in the United States will continue to explode.  Just “tweaking” things slightly is not going to fix our economy.  We need a fundamental change in direction.  Right now we are living in a bubble of debt-fueled false prosperity that allows us to continue to consume far more wealth than we produce, but when that bubble bursts we are going to experience the most painful economic “adjustment” that America has ever gone through.  We need to be able to explain to our fellow Americans what is coming, why it is coming and what needs to be done.  Hopefully the crazy economic numbers that I have included in this article will be shocking enough to wake some people up. [SHTFPLAN]
 
Worst Since WW2 : Over 6Mil Teens and Young Adults Are Out of Work and Not In School
Economy
December 04, 2012
economy trouble
Amid a worsening fiscal crisis, a crumbling economy, and the destruction of over 40% of America’s wealth in just the last few years, it should be quite clear that this is no ordinary recession. In fact, with progressively dwindling job opportunities, a long-term downward trend in real estate prices, and the near doubling of participation in emergency benefits programs like food stamps and disability, one could make the argument that the United States is smack-dab in the middle of the next Great Depression.

The notion that we are potentially facing a decades-long paradigm shift which threatens to alter the very fabric of American life is becoming a stark reality  for many, especially America’s younger generations who, according to a new report from the Annie E. Casey Foundation, are experiencing the highest jobless rates since at least World War II: [SHTFPLAN]
 
We’re heading for economic dictatorship
Economy
November 30, 2012
financial crisis
Forget about that dead parrot of a question – should we join the eurozone? The eurozone has officially joined us in a newly emerging international organisation: we are all now members of the Permanent No-growth Club. And the United States has just re-elected a president who seems determined to sign up too. No government in what used to be called “the free world” seems prepared to take the steps that can stop this inexorable decline. They are all busily telling their electorates that austerity is for other people (France), or that the piddling attempts they have made at it will solve the problem (Britain), or that taxing “the rich” will make it unnecessary for government to cut back its own spending (America). [tele]
 
Gun Stocks Surge After Obama Re-Election
Economy
November 07, 2012
On a day when the Dow Jones Industrial Average has plummeted by over 200 points, gun stocks have bucked the trend and are surging as fears over an Obama lame duck second term eviscerating second amendment rights take hold. Both Smith & Wesson and Ruger saw their stock price shoot up this morning when virtually everyone else was in the red. [INFOWARS]
 
Winter Storm Athena Forecast Impacts - Complete Breakdown
Economy
November 07, 2012
Winter Storm Athena
As of early Wednesday morning, roughly 676,000 were still without power in the Northeast.  This is a remarkable drop from the peak of roughly 8.6 million one week ago.  Sadly, 112 have been confirmed dead from Sandy in the U.S., including Puerto Rico.  

Now, Winter Storm Athena, a nor'easter, is poised to bring yet more high winds, rain, coastal flooding, even snow to parts of the Northeast. Mandatory evacuations have been issued for sections of Brick Township in New Jersey - residents living low lying waterfront areas are asked to take shelter by 6 p.m. on Tuesday, Nov. 6.
 
Fed Report: 100% Chance of Recession - Mac Salvo
Economy
November 07, 2012
fed recession
Now that the election is over, the propaganda media can back off the burying of those critical stories that they couldn’t be bothered to report in the lead up to the re-election of President Obama.

What are we talking about?

For starters, the Federal Reserve’s recent report, which received nary a comment from the political and financial pundits on television. While the economy was on the minds of most voters last night, what they didn’t know may have very well swung the election to one candidate over another. [SHTFPLAN]
 
US employers post fewest job openings in 5 months in September
Economy
November 07, 2012
U.S. employers posted fewer job openings in September after advertising more in August than first estimated. The report suggests hiring will likely remain modest in the coming months.
 
37 Facts About How Cruel This Economy Has Been To Millions Of American Families
Economy
October 24, 2012
Have you ever laid in bed awake at night with a knot in your stomach because you didn’t know how your family was possibly going to make it through the next month financially?  Have you ever felt the desperation of not being able to provide the basic necessities for your family even though you tried as hard as you could?  All over America tonight, there are millions of desperate families that are being ripped apart by this economy.
 
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Nostradamus - 2012 - Armageddon Events - End of the World Scenarios - Natural Disasters