Visualizing The Plunging Purchasing Power Of The US Dollar
By Tyler Durden The purchasing power of a currency is the amount of goods and services that can be bought with one unit of the…
Economic Collapse
The Number Of Billionaires In America Has Absolutely Exploded During The Pandemic
By Michael Snyder For the wealthy and the ultra-wealthy, happy days are here again. Even though we have just been through one of the most…
This Economic Depression Has Left Very Deep Economic Scars All Over America
By Michael Snyder The last 12 months have been pure hell for the U.S. economy. According to Oxxford Information Technology, approximately 4 million U.S. businesses…
WEF Warns of Cyber Attack Leading to Systemic Collapse of the Global Financial System
By Whitney Webb A report published last year by the WEF-Carnegie Cyber Policy Initiative calls for the merging of Wall Street banks, their regulators and…
UBS Predicts 80,000 More Retail Stores Will Close In Five Years
By Tyler Durden The retail apocalypse has been well documented for readers (see: here & here & here) over the years as tens of thousands of…
Fifth Avenue Landlords Are Owed About $200 Million In Unpaid Rent
By Tyler Durden Among the hardest hit by Covid were retail businesses across the country, including in once-coveted, well known shopping areas like New York…
Why Millennials’ DIY Approach to Finances Has so Much Upside
Op-Ed by Chloe Anagnos Millennials and Gen X are “worlds apart” when it comes to how they manage their finances. While Gen Xers own more…
77% Of Americans Are Worried About Soaring Inflation
By Tyler Durden Americans are becoming more worried about inflation than ever following the Federal Reserve and the federal government’s unprecedented response to the virus…
Americans’ Income Collapsed By Most On Record In February
By Tyler Durden After the extreme surge in income and spending in January (as government handouts gushed across the nation), analysts expected February to see…
Cruise Stocks Slide As CDC Extends Moratorium Until November
By Tyler Durden Cruise stocks are sliding Wednesday afternoon after the CDC announced that its “conditional sailing order” barring cruise ships from departing the US,…
Cash “Disappearing” in Venezuela Despite Hyperinflation
By Jon Miltimore The lines snake outside the state-owned banks of Caracas virtually every day as Venezuelans wait to withdraw cash. “We are only in…
A Child of the Apocalypse
By J.G. Martinez I have watched my child’s evolution. I have seen him grow and learn. Some things I know he inherited, other ones indeed…
Total Collapse: First Time Unemployment Claims SURGE — 10yr Yield Spikes
Activist Post Following the Federal Reserve announcement yesterday that they will be buying everything for years to come, the news is starting to be digested…
Deutsche Bank, Commerzbank On The Hook For 500M Euros In Greensill Collapse
By Tyler Durden Just months after Germany’s financial regulator was exposed for being asleep at the wheel during the Wirecard scandal, both Deutsche Bank and…