What will get described as the worst economic crash is history draws ever closer. The astounding evidence lies in the midst of several countries who are either in chaos or set to enter into chaos such as the Eurozone, Venezuela, and Puerto Rico.
The first time the phrase Emergency Liquidity Assistance, or ELA, was used in the context of Greece was in August 2011, when Greece was imploding, when its banking sector was on (and past) the verge of collapse, and just...
Breaking news, another Government Shutdown is heading for the USA. Stay tuned for this fall when everything economically begins to change. According to the Chron website, a MSM source, the IMF will be announcing on October 20th 2015 that...
Carnage... This leave China's CSI-300 broad stock index futures up just 7% year-to-date... *CHINA CSI 500 STOCK-INDEX FUTURES FALL BY MAXIMUM 10% LIMIT *CHINA CSI 500 STOCK-INDEX FUTURES FALL BY LIMIT FOR 2ND DAY *SHANGHAI COMPOSITE INDEX EXTENDS DROP TO 7.5% *SHANGHAI COMPOSITE...
All of a sudden, the mainstream media is starting to sound a lot like The Economic Collapse Blog. Throughout the Obama years, the mainstream media in the United States always seemed extremely hesitant to suggest that difficult economic times may...
The falling of an iconic company in the US, radio-shack is done. Thursday they filed chapter 11 and closed over half of their stores. NEW YORK (CNNMoney) — Nearly a century after it opened its first store and sent out...
https://api.spreaker.com/download/episode/7894393/smartphones_to_replace_cards_at_bank_machines.mp3 America is on it's way to becoming a cashless society. Here's another use for the smartphone as it invades daily life: in place of your debit card at your bank cash machine. The "cardless" automatic teller machine (ATM) is gaining...
American Silver Eagle sales record of 47,000,000 achieved despite production halt in July and restrictive allocations to Authorized Purchasers in second half of the year. 2015 American Gold Eagle sales were a modest 801,500 ounces, but strong in second half...
A note arrived a few days ago from one of my best informants in Europe. He had just met across a hotel dining table with a senior German executive, and the topic quickly turned to the crisis in Ukraine...
The International Monetary Fund has decided that on November 30th, 2015 they will attempt again to include the Yuan into the elite currency basket. The decision is not final, yet. However Christine Lagarde, the mouthpiece, stated that she supports...
Don’t get too excited about the “good employment numbers” that you are hearing about from the mainstream media. The truth is that they actually aren’t very good at all. For years, the federal government has been taking numbers out of...
WASHINGTON, Feb 2 (Reuters) - President Barack Obama on Monday proposed a $3.99 trillion budget for fiscal year 2016 that sets up a battle with Republicans over programs to boost the middle class that are funded by higher taxes...