Money

85 Super Wealthy People Have More Money Than The Poorest 3.5 Billion Combined
theeconomiccollapseblog.com
The global economy is structured to systematically funnel wealth to the very top of the pyramid, and this centralization of global wealth is accelerating with each passing year.  According to the United Nations, 85 super wealthy people have more money than the poorest 3.5 billion people on the planet combined.  And 1.2 billion of those poor people live on less than $1.25 a day.  There is something deeply, deeply broken about a system that produces these kinds of results.  Seven out of every [...]
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America The Divided: Everyone Knows We Have Problems But There Is Very Little Agreement On Solutions
theeconomiccollapseblog.com
A house divided against itself will surely fall.  America is more divided today than it has been in decades, and the deep divisions that are tearing us apart continue to get even worse.  In fact, a newly released Rasmussen Reports national survey discovered that 67 percent of voters believe that America is even more divided now than it was four years ago.  We are angry, we are frustrated and we love to fight with one another, but none of this strife and discord is getting us anywhere.  What [...]
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Illegal Immigration And Gangs: Someday Our Cities Will Burn Because We Didn’t Protect Our Borders
theeconomiccollapseblog.com
Did you know that the number of illegal immigrants that enter Texas each week is greater than the number of babies being born to citizens of that state?  The mainstream media is shining the spotlight very brightly on all of the children that are coming over, and there is a reason for that.  They are trying to tug on our heartstrings.  But there is another part of the story that you aren't hearing much about.  By refusing to protect our borders, Barack Obama has allowed hundreds of thousands [...]
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14 Reasons Obama Is Lying When He Claims The World Is ‘More Stable’ And ‘Less Violent’ Than Ever
theeconomiccollapseblog.com
With a straight face, Barack Obama has been repeatedly telling us that the world is "more stable" and "less violent" than ever.  In fact, he believes that this is the best time in history to be alive because of how peaceful and stable everything is.  And of course Obama is more than happy to take credit for his role in bringing all of this "stability" about.  Just this week, his press secretary told the media that this administration has "substantially improved" the "tranquility of the global [...]
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If This Keeps Up, They Will Have To Start Putting Armed Guards On Food Trucks
theeconomiccollapseblog.com
The basic necessities in life just keep getting more expensive.  On Tuesday, Hershey announced that the price of all of their chocolate bars is going to go up by about 8 percent.  That is particularly distressing to me, because I am known to love chocolate.  But if it was just chocolate that was becoming significantly more expensive perhaps that would be okay.  Last month, it was coffee.  J.M. Smucker, one of the largest coffee producers in the United States, announced that it planned to ra [...]
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Big Corporations Have An OVERWHELMING Amount Of Power Over Our Food Supply
theeconomiccollapseblog.com
From our fields to our forks, huge corporations have an overwhelming amount of power over our food supply every step of the way.  Right now there are more than 313 million people living in the United States, and the job of feeding all of those people is almost entirely in the hands of just a few dozen monolithic companies.  If you do not like how our food is produced or you don't believe that it is healthy enough, it isn't very hard to figure out who is to blame.  These mammoth corporations a [...]
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The Head Of ‘The Central Bank Of The World’ Warns That Another Great Financial Crisis May Be Coming
theeconomiccollapseblog.com
Most people have never heard of Jaime Caruana even though he is the head of an immensely powerful organization.  He has been serving as the General Manager of the Bank for International Settlements since 2009, and he will continue in that role until 2017.  The Bank for International Settlements is a rather boring name, and very few people realize that it is at the very core of our centrally-planned global financial system.  So when Jaime Caruana speaks, people should listen.  And the fact th [...]
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Hamas Just Attempted To Create A Horrific Nuclear Disaster In The Heart Of Israel
theeconomiccollapseblog.com
After the horrors of the Fukushima nuclear disaster, how insane do you have to be to fire missiles directly at a major nuclear facility?  No matter what side you are on in the conflict between the Israelis and the Palestinians, everyone should be able to agree that it is utter madness for Hamas to fire rockets at the Dimona nuclear installation in the Negev.  The intent, of course, was to destroy the Dimona facility and create a horrific nuclear disaster in the heart of Israel.  Fortunately, [...]
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Bubbles, Bubbles Everywhere
theeconomiccollapseblog.com
Is there any doubt that we are living in a bubble economy?  At this moment in the United States we are simultaneously experiencing a stock market bubble, a government debt bubble, a corporate bond bubble, a bubble in San Francisco real estate, a farmland bubble, a derivatives bubble and a student loan debt bubble.  And of course similar things could be said about most of the rest of the planet as well.  In fact, the total amount of government debt around the world has risen by about 40 perce [...]
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Why Is Obama Encouraging Illegal Immigration When We Can’t Take Care Of Millions Of Our Own Citizens?
theeconomiccollapseblog.com
For years, the Obama administration has been making it abundantly clear that it is a friend of illegal immigrants.  Border security is a joke, the federal government refuses to go after "sanctuary cities" even though they are breaking federal law, there is a website that instructs immigrants how to sign up for welfare programs once they arrive in the United States, and the Obama administration has distributed flyers that tell illegal immigrants that their immigration status will not be checked [...]
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The Almighty Dollar Is In Peril As The Global ‘De-Dollarization’ Trend Accelerates
theeconomiccollapseblog.com
As the Obama administration continues to alienate almost everyone else around the entire planet, an increasing number of prominent international voices are starting to question why the U.S. dollar should be so overwhelmingly dominant in global trade.  In previous articles, I have discussed Russia's "de-dollarization strategy" and the fact that Gazprom is now asking their large customers to start paying in currencies other than the dollar.  But this is not just a story about Russia any longer. [...]
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ISIS Is Taking Over Iraq Using Captured American Weapons
theeconomiccollapseblog.com
ISIS is marching through city after city in Iraq, and they are doing it with American weapons.  Thanks to a series of stunning victories in recent months, ISIS has captured a vast array of U.S. military equipment including trucks, Humvees, rockets, artillery pieces and Stinger missiles.  When the U.S. was pulling out of Iraq, we were extremely generous to the new Iraqi army.  We basically armed them to the teeth with equipment that U.S. taxpayers paid for.  But now that the new Iraqi army i [...]
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Stone Cold Proof That Government Economic Numbers Are Being Highly Manipulated
theeconomiccollapseblog.com
How in the world does the government expect us to trust the economic numbers that they give us anymore?  For a long time, many have suspected that they were being manipulated, and as you will see below we now have stone cold proof that this is indeed the case.  But first, let's talk about the revised GDP number for the first quarter of 2014 that was just released.  Initially, they told us that the U.S. economy only shrank by 0.1 percent in Q1.  Then that was revised down to a 1.0 percent con [...]
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If The Clintons Are Worth 50 Million, Why Do They Get Nearly A Million A Year From The Taxpayers?
theeconomiccollapseblog.com
Since leaving the White House, the Clintons have earned at least 100 million dollars and currently have a net worth of up to 50 million dollars.  So why in the world do the taxpayers need to give Bill Clinton $944,000 to fund his extravagant lifestyle in 2014?  If ordinary Americans truly understood how much money many former politicians are being handed every year they would go bananas.  According to a Congressional Research Service report that was published earlier this year, the federal go [...]
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Hillary Clinton Has Got To Be Joking – This Is What ‘Dead Broke’ Actually Looks Like…
theeconomiccollapseblog.com
During a recent interview with Diane Sawyer, Hillary Clinton claimed that Bill and her were "dead broke" when they left the White House.  And then on Sunday, Hillary told the Guardian that they are not "truly well off" despite having earned about a hundred million dollars since leaving the White House and owning a couple of luxury homes.  This is yet another shocking example of how disconnected our political elite have become to the rest of the American people.  Perhaps Hillary Clinton is no [...]
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Inflation? Only If You Look At Food, Water, Gas, Electricity And Everything Else
theeconomiccollapseblog.com
Have you noticed that prices are going up rapidly?  If so, you are certainly not alone.  But Federal Reserve chair Janet Yellen, the Obama administration and the mainstream media would have us believe that inflation is completely under control and exactly where it should be.  Perhaps if the highly manipulated numbers that they quote us were real, everything would be fine.  But of course the way that the inflation rate is calculated has been changed more than 20 times since the 1970s, and at [...]
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25 Shocking Facts About The Earth’s Dwindling Water Resources
theeconomiccollapseblog.com
War, famine, mass extinctions and devastating plagues - all of these are coming unless some kind of miraculous solution is found to the world's rapidly growing water crisis.  By the year 2030, the global demand for water will exceed the global supply of water by an astounding 40 percent according to one very disturbing U.S. government report.  As you read this article, lakes, rivers, streams and aquifers are steadily drying up all over the planet.  The lack of global water could potentially b [...]
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The Death Of The Rust Belt
theeconomiccollapseblog.com
Their names are familiar to all of us: Cleveland, Flint, Youngstown, Saginaw, Gary, Toledo, Reading, Akron, Flint and Buffalo were all once booming manufacturing cities that were absolutely packed with thriving middle class families.  But now most of the manufacturing jobs are gone and all of those cities are just shadows of their former selves.  When you drive through many of these communities, you will notice that a lot of people have a really hollow look in their eyes.  Decades of slow, st [...]
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“Cluster Of Central Banks” Have Secretly Invested $29 Trillion In The Market
www.zerohedge.com
Another conspiracy "theory" becomes conspiracy "fact" as The FT reports "a cluster of central banking investors has become major players on world equity markets." The report, to be published this week by the Official Monetary and Financial Institutions Forum (OMFIF), confirms $29.1tn in market investments, held by 400 public sector institutions in 162 countries, which "could potentially contribute to overheated asset prices." China’s State Administration of Foreign Exchange has become “the w [...]
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The United States Of Debt: Total Debt In America Hits A New Record High Of Nearly 60 Trillion Dollars
theeconomiccollapseblog.com
What would you say if I told you that Americans are nearly 60 TRILLION dollars in debt?  Well, it is true.  When you total up all forms of debt including government debt, business debt, mortgage debt and consumer debt, we are 59.4 trillion dollars in debt.  That is an amount of money so large that it is difficult to describe it with words.  For example, if you were alive when Jesus Christ was born and you had spent 80 million dollars every single day since then, you still would not have spen [...]
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Australia Seizes 360M From Dormant Bank Accounts And All 50 U.S. States Are Doing This Too
theeconomiccollapseblog.com
Do you have a bank account that you don't actively use or a safe deposit box that you have not checked on for a while?  If so, you might want to see if the government has grabbed your money.  This sounds absolutely crazy, but it is true.  All over the world, governments are shortening the time periods required before they can seize "dormant bank accounts" and "unclaimed property".  For example, as you will read about below, just last year the government of Australia seized a whopping 360 mil [...]
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12 Numbers About The Global Financial Ponzi Scheme That Should Be Burned Into Your Brain
theeconomiccollapseblog.com
The numbers that you are about to see are likely to shock you.  They prove that the global financial Ponzi scheme is far more extensive than most people would ever dare to imagine.  As you will see below, the total amount of debt in the world is now more than three times greater than global GDP.  In other words, you could take every single good and service produced on the entire planet this year, next year and the year after that and it still would not be enough to pay off all the debt.  But [...]
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Russia Is Doing It – Russia Is Actually Abandoning The Dollar
theeconomiccollapseblog.com
The Russians are actually making a move against the petrodollar.  It appears that they are quite serious about their de-dollarization strategy.  The largest natural gas producer on the planet, Gazprom, has signed agreements with some of their biggest customers to switch payments for natural gas from U.S. dollars to euros.  And Gazprom would have never done this without the full approval of the Russian government, because the Russian government holds a majority stake in Gazprom.  There hasn't [...]
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15 Quotes From Our Founding Fathers About Economics, Capitalism And Banking
theeconomiccollapseblog.com
Why have we turned our backs on the principles that this nation was founded upon?  Many of those that founded this nation bled and died so that we could experience "life, liberty and the pursuit of happiness".  And yet we have tossed their ideals aside as if they were so much rubbish.  Our founders had experienced the tyranny of big government (the monarchy) and the tyranny of the big banks and feudal lords, and they wanted something very different for the citizens of the new republic that th [...]
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Greed Is Good? Where Will America’s Sick Obsession With Wealth And Money End?
theeconomiccollapseblog.com
Everywhere you look, Americans appear to be extremely obsessed with wealth and money.  These days, networks such as CNN endlessly run "news stories" with titles such as "Best cars for the super rich".  We have television shows where people proudly show off how wealthy they are, and it seems like Hollywood is putting out an endless parade of movies that glorify the lifestyles of the elite.  We have hordes of motivational speakers and "life coaches" that will teach you how to be "more successfu [...]
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Half The Country Makes Less Than $27,520 A Year And 15 Other Signs The Middle Class Is Dying
theeconomiccollapseblog.com
If you make more than $27,520 a year at your job, you are doing better than half the country is.  But you don't have to take my word for it, you can check out the latest wage statistics from the Social Security administration right here.  But of course $27,520 a year will not allow you to live "the American Dream" in this day and age.  After taxes, that breaks down to a good bit less than $2,000 a month.  You can't realistically pay a mortgage, make a car payment, afford health insurance and [...]
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America’s Insatiable Demand For More Expensive Cars, Larger Homes And Bigger Debts
theeconomiccollapseblog.com
One of the things that this era of American history will be known for is conspicuous consumption.  Even though many of us won't admit it, the truth is that almost all of us want a nice vehicle and a large home.  They say that "everything is bigger in Texas", but the same could be said for the entire nation as a whole.  As you will see below, the size of the average new home has just hit a brand new record high and so has the size of the average auto loan.  In the endless quest to achieve "th [...]
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The Velocity Of Money In The U.S. Falls To An All-Time Record Low
theeconomiccollapseblog.com
When an economy is healthy, there is lots of buying and selling and money tends to move around quite rapidly.  Unfortunately, the U.S. economy is the exact opposite of that right now.  In fact, as I will document below, the velocity of M2 has fallen to an all-time record low.  This is a very powerful indicator that we have entered a deflationary era, and the Federal Reserve has been attempting to combat this by absolutely flooding the financial system with more money.  This has created some [...]
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