Corporate Debt Defaults Explode To Catastrophic Levels Not Seen Since The Last Financial Crisis
By Michael Snyder If a new financial crisis had already begun, we would expect to see corporate debt defaults skyrocket, and that is precisely what…
Economic Collapse
23 Percent Of Americans In Their Prime Working Years Are Unemployed
By Michael Snyder Did you know that when you take the number of working age Americans that are officially unemployed (8.2 million) and add that…
Helicopter Money: Global Central Banks Consider Distributing Money Directly To The People
By Michael Snyder Should central banks create money out of thin air and give it directly to governments and average citizens? If you can believe…
Credit Card Debt In The United States Is Approaching A Trillion Dollars
By Michael Snyder For the first time ever, total credit card debt in the United States is approaching a trillion dollars. Instead of learning painful…
This Is How Bad The Economy Really Is: “Walmart Customers Are Too Broke To Shop”
By Mac Slavo You may find that the below report is, as President Obama might suggest, once again “peddling fiction.” But for the average American,…
Are You Kidding Me? Chinese Exports Plunge 25.4 Percent Compared To Last Year
By Michael Snyder We just got more evidence that global trade is absolutely imploding. Chinese exports dropped 25.4 percent during the month of February compared…
The Collapse Of Italy’s Banks Threatens To Plunge The European Financial System Into Chaos
By Michael Snyder The Italian banking system is a “leaning tower” that truly could completely collapse at literally any moment. And as Italy’s banks begin…
These 7 Things Are Better Than Paper Money in the Bank When the Economy Collapses
By Activist Post So you’ve done the hard work of getting your finances in order and now you’re looking to invest your hard-earned surplus into…
The Economic Collapse Of South America Is Well Underway
By Michael Snyder The 7th largest economy on the entire planet is completely imploding. I have written previously about the economic depression that is plaguing…
Plunging Manufacturing Numbers Mean That It Is Time To Hit The Panic Button For The Global Economy
By Michael Snyder We haven’t seen numbers like these since the last global recession. I recently wrote about how global trade is imploding all over…
Economic Recovery? 13 Of The Biggest Retailers In America Are Closing Stores
By Michael Snyder Barack Obama recently stated that anyone who is claiming that America’s economy is in decline is “peddling fiction”. Well, if the economy…
Why the Euro is a Doomed Currency
By Doug Casey For a long time, I’ve advocated that the world’s governments should default on their debt. I recognize that this is an outrageous-sounding…
The Subprime Auto Loan Meltdown Is Here
By Michael Snyder Uh oh – here we go again. Do you remember the subprime mortgage meltdown during the last financial crisis? Well, now a…
Signs of Currency Collapse: Whoever Does Not Respect the Penny is Not Worthy of the Dollar
By Nick Giambruno This definitive sign of a currency collapse is easy to see… When paper money literally becomes trash. Maybe you’ve seen images depicting…