Consumers Are Drowning In Debt As Hordes Of Businesses Fail All Over The U.S.
By Michael Snyder U.S. consumers have piled up the largest mountain of household debt in the history of the world. If the federal government was…
Economic Collapse
If They Cut The Undersea Cables That Connect Us To The Internet, Will It Crash The Global Economy?
By Michael Snyder The U.S. is accusing Russia of preparing to cut undersea cables which carry Internet traffic all over the world, and Russia is…
How Do You Create A Recession?
Authored by Daniel Lacalle If The U.S. Falls into Recession, It Will Be From Years of Government Excess Overheating the economy with a massive increase…
Unaffordable Housing and Homeless Encampments: How Did It Get This Bad?
By Charles Hugh Smith To reverse the damage wrought by financialization, we must reverse financialization. The post-election hope that festering problems can now be solved…
German Government Collapses As Mass Strikes Grind Economy To A Halt
By Tyler Durden It’s not a good day for the establishment. Just hours after Kamala Harris – and the Democrats – staggering loss which ushered…
Jeff Bezos Admits Legacy Media Is Dying
By Neenah Payne The hard truth: Americans don’t trust the news media is the October 28 op-ed by Jeff Bezos, founder of Amazon and owner…
Goodbye Middle Class: Half Of All American Workers Make Less Than $43,222.81 A Year
By Michael Snyder It is that time of the year again. The Social Security Administration has finally released the final wage statistics for 2023, and…
A “Lockdown Economy” Without The Lockdowns: 48 Percent Of U.S. Small Businesses Couldn’t Even Pay Their Rent Last Month
By Michael Snyder When nearly half of all small businesses are struggling so much that they can’t even pay their rent, you have an enormous…
Americans Are More Dependent Than Ever On Government Handouts, New Report States
Authored by Kevin Stocklin via The Epoch Times, Payments from the government have become the fastest-growing source of income for Americans, according to a new…
20% Of Households Making Over $150,000 Live Paycheck-To-Paycheck
Authored by Mike Shedlock via MishTalk.com Bank of America has an interesting report on who’s living paycheck to paycheck (PTP). It’s not just the poor….
On The Wrong Track: This Is What An Imploding Economy Looks Like
By Michael Snyder One of the main reasons why Americans are in such a foul mood right now is because the economy is in really…
Battle of the BRICS
By David Haggith The BRICS nations (originally Brazil, Russia, India, China and South Africa) are meeting in Russia this week, and many alternative economics writers…
You Can’t Get Blood From A Stone: U.S. Consumers Have Been Squeezed Bone Dry As The U.S. Economy Falters
By Michael Snyder A recent survey discovered that 79 percent of Americans believe that the U.S. is on the wrong track right now. As a…
“Consumers Running Out Of Money”: Former Target Exec Offers Dire Warning Ahead Of Christmas
By Tyler Durden US corporate media outlets continue to push propaganda that the economy thrives ahead of the presidential elections, cheerleading the most recent retail…