Do you remember the subprime mortgage meltdown from the last financial crisis? Well, this time around we are facing a subprime auto loan meltdown. In recent years, auto lenders have become more and more aggressive, and they have been increasingly willing to lend money to people that should not be borrowing money to buy a new vehicle under any circumstances. …
Ernst Wolff – Pillaging the World. The History and Politics of the IMF
The following text is the forward to Ernst Wolff‘s book entitled : Pillaging the World. The History and Politics of the IMF, Tectum Verlag Marburg, www.tectum-verlag.de. The book is available in English and German. No other financial organization has affected the lives of the majority of the world’s population more profoundly over the past fifty years than the International Monetary …
Nature Bats Last – 12.01.15
Mike and Guy interviewed Gail “the Actuary” Tverberg for her well-informed perspective on economic collapse. We included on an extensive climate-change update and comments about COP21 in Paris.
Trends This Week – Look at who’s leading us to war – 11.25.15
Global master forecaster Gerald Celente rips into the gutless, mindless leaders who – over and over – take us to war. The signs are everywhere now: The potential triggers for World War III are pervasive and growing. Instead of taking a bold and honest look at the root causes of war and terrorism, your leaders pound the drums for war even harder and more recklessly. Worse yet, there is no indication, not one, that this march to war has any counter voice worth its weight. Later in this show, Celente talks about the Trends Research Institute’s Top Trends for 2016, which will be released soon, and his upcoming Florida retreat, “Prepare for 2016.”
Justin Fox – Maybe This Global Slowdown Is Different
The global economy is slowing down. A couple of the big emerging-market economies that drove much of the growth during the past 15 years have hit a wall, and the question of the moment is whether the biggest of them, China, is in real trouble too. Commodity prices are tanking. Trade volumes are down. The Baltic Dry Index of shipping costs, which …
Michael Snyder – This 2 Day Stock Market Crash Was Larger Than Any 1 Day Stock Market Crash In U.S. History
We witnessed something truly historic happen on Friday. The Dow Jones Industrial Average plummeted 530 points, and that followed a 358 point crashon Thursday. When you add those two days together, the total two day stock market crash that we just witnessed comes to a grand total of 888 points, which is larger than any one day stock market crash in U.S. history. …
4 Things That Are Happening Today That Indicate That A Deflationary Financial Collapse Is Imminent By Michael Snyder
When financial markets crash, they do not do so in a vacuum. There are always patterns, signs and indicators that tell us that something is about to happen. In this article, I am going to share with you four patterns that are happening right now that also happened just prior to the great financial crisis of 2008. These four signs …
Major U.S. Retailers Are Closing More Than 6,000 Stores – Michael Snyder
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 …
It’s Official: Police Were Ordered To Stand Down And Let The Baltimore Riots Rage Out Of Control – Michael Snyder
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. …
How Many People Will Have To Migrate Out Of California When All The Water Disappears?
The drought in California is getting a lot worse. As you read this, snowpack levels in the Sierra Nevada mountains are the lowest that have ever been recorded. That means that there won’t be much water for California farmers and California cities once again this year. To make up the difference in recent years, water has been pumped out of the …
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