Finance

It Is Mathematically Impossible To Pay Off All Of Our Debt
theeconomiccollapseblog.com
Did you know that if you took every single penny away from everyone in the United States that it still would not be enough to pay off the national debt?  Today, the debt of the federal government exceeds $145,000 per household, and it is getting worse with each passing year.  Many believe that if we paid it off a little bit at a time that we could eventually pay it all off, but as you will see below that isn’t going to work either.  It has been projected that “mandatory” fed [...]
22
Like
Save
Greece Says That It Will Default On June 5th, And Moody’s Warns Of A ‘Deposit Freeze’
theeconomiccollapseblog.com
The Greek government says that a “moment of truth” is coming on June 5th.  Either their lenders agree to give them more money by that date, or Greece will default on a 300 million euro loan payment to the IMF.  Of course it won’t technically be a “default” according to IMF rules for another 30 days after that, but without a doubt news that Greece cannot pay will send shockwaves throughout the financial world.  At that point, those holding Greek bonds will start t [...]
25
Like
Save
Are They About To Confiscate Money From Bank Accounts In Greece Just Like They Did In Cyprus?
theeconomiccollapseblog.com
Do you remember what happened when Cyprus decided to defy the EU?  In the end, the entire banking system of the nation collapsed and money was confiscated from private bank accounts.  Well, the nation of Greece is now approaching a similar endgame.  At this point, the Greek government has not received any money from the EU or the IMF since August 2014.  As you can imagine, that means that Greek government accounts are just about bone dry.  The new Greek government continues to insist that i [...]
25
Like
Save
The Debt To GDP Ratio For The Entire World: 286 Percent
theeconomiccollapseblog.com
Did you know that there is more than $28,000 of debt for every man, woman and child on the entire planet?  And since close to 3 billion of those people survive on less than 2 dollars a day, your share of that debt is going to be much larger than that.  If we took everything that the global economy produced this year and everything that the global economy produced next year and used it to pay all of this debt, it still would not be enough.  According to a recent report put out by the McKinsey [...]
22
Like
Save
40 Volcanoes Are Erupting Right Now, And 34 Of Them Are Along The Ring Of Fire
theeconomiccollapseblog.com
You may not have noticed, but our planet is becoming increasingly unstable.  According to Volcano Discovery, 40 volcanoes around the globe are erupting right now, and only 6 of them are not along the Ring of Fire.  If that sounds like a very high number to you, that is because it is a very high number.  As I have written about previously, there were a total of 3,542 volcanic eruptions during the entire 20th century.  When you divide that number by 100, that gives you an average of about 35 v [...]
25
Like
Save
Why Are Exchange-Traded Funds Preparing For A ‘Liquidity Crisis’ And A ‘Market Meltdown’?
theeconomiccollapseblog.com
Some really weird things are happening in the financial world right now.  If you go back to 2008, there was lots of turmoil bubbling just underneath the surface during the months leading up to the great stock market crash in the second half of that year.  When Lehman Brothers finally did collapse, it was a total shock to most of the planet, but we later learned that their problems had been growing for a long time.  I believe that we are in a similar period right now, and the second half of th [...]
25
Like
Save
The Greatest Water Crisis In The History Of The United States
theeconomiccollapseblog.com
What are we going to do once all the water is gone?  Thanks to the worst drought in more than 1,000 years, the western third of the country is facing the greatest water crisis that the United States has ever seen.  Lake Mead is now the lowest that it has ever been since the Hoover Dam was finished in the 1930s, mandatory water restrictions have already been implemented in the state of California, and there are already widespread reports of people stealing water in some of the worst hit areas. [...]
16
Like
Save
In September, The UN Launches A Major Sustainable Development Agenda For The Entire Planet
theeconomiccollapseblog.com
The UN plans to launch a brand new plan for managing the entire globe at the Sustainable Development Summit that it will be hosting from September 25th to September 27th.  Some of the biggest names on the planet, including Pope Francis, will be speaking at this summit.  This new sustainable agenda focuses on climate change of course, but it also specifically addresses topics such as economics, agriculture, education and gender equality.  For those wishing to expand the scope of “global [...]
23
Like
Save
The Average Age Of A Minimum Wage Worker In America Is 36
theeconomiccollapseblog.com
Did you know that 89 percent of all minimum wage workers in the United States are not teens?  At this point, the average age of a minimum wage worker in this country is 36, and 56 percent of them are women.  Millions upon millions of Americans are working as hard as they can (often that means two or three jobs), and yet despite all of their hard work they still find themselves mired in poverty.  One of the big reasons for this is that we have created two classes of workers in the United State [...]
21
Like
Save
The 90,000 Square Foot, 100 Million Dollar Home That Is A Metaphor For America
theeconomiccollapseblog.com
Just like “America’s time-share king”, America just keeps on making the same mistakes over and over again.  Prior to the financial collapse of 2008, time-share mogul David Siegel and his wife Jackie began construction on their “dream home” near Disney World in Orlando, Florida.  This dream home would be approximately 90,000 square feet in size, would be worth $100 million when completed, and would be named “Versailles” after the French palace that insp [...]
27
Like
Save
Bird Flu Has Already Killed More Than 20 MILLION Turkeys And Chickens In The United States
theeconomiccollapseblog.com
Are you prepared to go without turkey this Thanksgiving?  Yes, it might actually get that bad.  So far, the worst outbreak of bird flu in U.S. history has claimed the lives of more than 20 million turkeys and chickens, and the pandemic continues to rage wildly out of control.  Once one bird becomes infected, this particular strain of the virus is so virulent that it can virtually wipe out an entire flock in just a matter of days.  At this point, scientists think that this virus is being spre [...]
8
Like
Save
Ultra-Secrecy Surrounds Barack Obama’s New Global Economic Treaty
theeconomiccollapseblog.com
Barack Obama is secretly negotiating a global economic treaty which would destroy thousands of American businesses and millions of good paying American jobs.  In other words, it would be the final nail in the coffin for America’s economic infrastructure.  Obama knows that if the American people actually knew what was in this treaty that they would be screaming mad, so the negotiations are being done in secret.  The only people that are allowed to look at the treaty are members of Congre [...]
14
Like
Save
Experts Are Warning That The 76 Trillion Dollar Global Bond Bubble Is About To Explode
theeconomiccollapseblog.com
Warren Buffett believes “that bonds are very overvalued“, and a recent survey of fund managers found that 80 percent of them are convinced that bonds have become “badly overvalued“.  The most famous bond expert on the planet, Bill Gross, recently confessed that he has a sense that the 35 year bull market in bonds is “ending” and he admitted that he is feeling “great unrest”.  Nobel Prize–winning economist Robert Shiller has added a new chapter [...]
19
Like
Save
Experts Are Warning That The 76 Trillion Dollar Global Bond Bubble Is About To Explode
theeconomiccollapseblog.com
Warren Buffett believes “that bonds are very overvalued“, and a recent survey of fund managers found that 80 percent of them are convinced that bonds have become “badly overvalued“.  The most famous bond expert on the planet, Bill Gross, recently confessed that he has a sense that the 35 year bull market in bonds is “ending” and he admitted that he is feeling “great unrest”.  Nobel Prize–winning economist Robert Shiller has added a new chapter [...]
15
Like
Save
96 Percent Of Americans Expect More Civil Unrest In U.S. Cities This Summer
theeconomiccollapseblog.com
Are you ready for rioting, looting and mindless violence in major U.S. cities all summer long?  According to a brand new Wall Street Journal/NBC News poll, 96 percent of all Americans believe that there will be more civil unrest in America this summer.  That leaves only 4 percent of people that believe that everything will be just fine.  In this day and age, it is virtually impossible to get 96 percent of Americans to agree on anything.  So the fact that just about everyone agrees that we ar [...]
15
Like
Save
Major U.S. Retailers Are Closing More Than 6,000 Stores
theeconomiccollapseblog.com
If the U.S. economy really is improving, then why are big U.S. retailers permanently shutting down thousands of stores?  The “retail apocalypse” that I have written about so frequently appears to be accelerating.  As you will see below, major U.S. retailers have announced that they are closing more than 6,000 locations, but economic conditions in this country are still fairly stable.  So if this is happening already, what are things going to look like once the next recession strik [...]
25
Like
Save
It’s Official: Police Were Ordered To Stand Down And Let The Baltimore Riots Rage Out Of Control
theeconomiccollapseblog.com
We now have official confirmation that the rioting in Baltimore on Monday was purposely allowed to spiral out of control.  Up until now, there had been some unconfirmed reports that police in Baltimore had been ordered to “stand down” during the riots, but nobody had been willing to come forward and go on the record.  Now that has all changed.  Michael Lewis is the Sheriff of Wicomico County, Maryland and what he has to say is absolutely jaw dropping.  When he saw what was happen [...]
23
Like
Save
16 Signs That The Economy Has Stalled Out And The Next Economic Downturn Is Here
theeconomiccollapseblog.com
If U.S. economic growth falls any lower, we are officially going to be in recession territory.  On Wednesday, we learned that U.S. GDP grew at a 0.2 percent annual rate in the first quarter of 2015.  That was much lower than all of the “experts” were projecting.  And of course there are all sorts of questions whether the GDP numbers the government feeds us are legitimate anyway.  According to John Williams of shadowstats.com, if honest numbers were used they would show that U.S. [...]
16
Like
Save
12 Unanswered Questions About The Baltimore Riots That They Don’t Want Us To Ask
theeconomiccollapseblog.com
Why did the Baltimore riots seem like they were perfectly staged to be a television event?  Images of police vehicles burning made for great television all over the planet, but why were there abandoned police vehicles sitting right in the middle of the riot zones without any police officers around them in the first place?  Why was the decision made ahead of time to set a curfew for Tuesday night and not for Monday night?  And why are Baltimore police officers claiming that they were ordered t [...]
14
Like
Save
In Every City In America There Are People Ready To Riot, Loot And Set Things On Fire
theeconomiccollapseblog.com
The city of Baltimore has been transformed into an “absolute war zone“, and the governor of Maryland has declared a state of emergency as the rioting in “Charm City” continues to escalate.  The funeral for Freddie Gray has unleashed a firestorm of violence, and none of it is going to do anyone any good.  To their credit, some of the leaders of the African-American community are standing up and loudly condemning the violence.  They know that smashing cars, throwing rock [...]
22
Like
Save
Civil Unrest Has Begun In Baltimore And This Is Only Just The Start Of Something MUCH Bigger
theeconomiccollapseblog.com
On Saturday night, the city of Baltimore resembled a warzone as protests over the death of Freddie Gray turned wildly violent.  One eyewitness reported watching the streets around him and his friend “turn into madness” as they left a baseball game between the Boston Red Sox and the Baltimore Orioles.  Car windows were smashed, stores were robbed, chairs were thrown and large numbers of random bystanders were attacked.  One prominent Democrat claims that those committing the violen [...]
28
Like
Save
Civil Unrest Has Begun In Baltimore And This Is Only Just The Start Of Something MUCH Bigger
theeconomiccollapseblog.com
On Saturday night, the city of Baltimore resembled a warzone as protests over the death of Freddie Gray turned wildly violent.  One eyewitness reported watching the streets around him and his friend “turn into madness” as they left a baseball game between the Boston Red Sox and the Baltimore Orioles.  Car windows were smashed, stores were robbed, chairs were thrown and large numbers of random bystanders were attacked.  One prominent Democrat claims that those committing the violen [...]
15
Like
Save
Why Is JP Morgan Accumulating The Biggest Stockpile Of Physical Silver In History?
theeconomiccollapseblog.com
Why in the world has JP Morgan accumulated more than 55 million ounces of physical silver?  Since early 2012, JP Morgan’s stockpile has grown from less than 5 million ounces of physical silver to more than 55 million ounces of physical silver.  Clearly, someone over at JP Morgan is convinced that physical silver is a great investment.  But in recent times, the price of silver has actually fallen quite a bit.  As I write this, it is sitting at the ridiculously low price of $15.66 an oun [...]
15
Like
Save
11 Signs That We Are Entering The Next Phase Of The Global Economic Crisis
theeconomiccollapseblog.com
Well, the Nasdaq finally did it.  It has climbed all the way back to where it was at the peak of the dotcom bubble.  Back in March 2000, the Nasdaq set an all-time record high of 5,048.62.  On Thursday, after all these years, that all-time record was finally eclipsed.  The Nasdaq closed at 5056.06, and Wall Street greatly rejoiced.  So if you invested in the Nasdaq at the peak of the dotcom bubble, you are just finally breaking even 15 years later.  Unfortunately, the truth is that stocks [...]
23
Like
Save
#WWJVD: The High Costs of Education | Jesse Ventura Off The Grid – Ora TV
www.youtube.com
#WWJVD: The High Costs of Education | Jesse Ventura Off The Grid - Ora TV Message Jesse at ora.tv/offthegrid/askjesse. www.ora.tv SUBSCRIBE to Jesse Ventura's channel: http://bit.ly/1cxRueG College graduates today are leaving school with mountains of debt on their shoulders. Most leave with an average of up to $30,000. Now, colleges like Stanford University are starting to offer free tuition for qualifying students. Jesse Ventura weighs in on the high costs of a college education in this edit [...]
23
Like
Save
Hopium: How Far Can Irrational Optimism Take The U.S. Economy?
theeconomiccollapseblog.com
If enough people truly believe that things will get better, will that actually cause them to get better?  There is certainly something to be said for being positive and thinking that anything is possible.  And as Americans, optimism seems to come naturally for us.  However, no amount of positive thinking is ever going to turn the sun into a block of wood or turn the moon into a block of cheese.  Any good counselor will tell you that one of the first steps toward recovery is to stop being del [...]
11
Like
Save
Guess What Happened The Last Time Bond Yields Crashed Like This?…
theeconomiccollapseblog.com
If a major financial crisis was approaching, we would expect to see the “smart money” getting out of stocks and pouring into government bonds that are traditionally considered to be “safe” during a crisis.  This is called a “flight to safety” or a “flight to quality“.  In the past, when there has been a “flight to quality” we have seen yields for German government bonds and U.S. government bonds go way down.  As you will see below, t [...]
15
Like
Save
Another Reason To Move Away From California: ‘Conditions Are Like A Third-World Country’
theeconomiccollapseblog.com
As if anyone actually needed another reason to move out of the crazy state of California, now it is being reported that conditions in some areas of the state “are like a third-world country” due to the multi-year megadrought that has hit the state.  In one California county alone, more than 1,000 wells have gone dry as the groundwater has disappeared.  The state is turning back into a desert, and an increasing number of homes no longer have any water coming out of their taps or sho [...]
11
Like
Save