By The Burning Platform “Imagine some national (and probably global) volcanic eruption, initially flowing along channels of distress that were created during the Unraveling era and further widened by the catalyst. Trying to foresee where […]
By Michael Snyder You can stop waiting for a global financial crisis to happen. The truth is that one is happening right now. All over the world, stock markets are already crashing. Most of these […]
By Michael Snyder I have never done anything like this before. Ever since I started The Economic Collapse Blog in late 2009, I have never issued any kind of “red alert” for any specific […]
by John Rubino (Reuters) – Weak U.S. retail sales hint at slower economic growth Retail sales last month were broadly weak, with receipts at auto dealerships falling 1.1 percent after rising 1.8 percent in May. […]
The Eurozone fantasy will be one of the early casualties by Charles Hugh Smith Friday, July 10, 2015, 11:48 AM The one undeniable truth about the debt drama in Greece is that each of the […]
By Michael Snyder The wait will soon be over. Greece submitted a final compromise plan to its eurozone creditors on Thursday, European finance ministers will meet on Saturday to discuss the proposal, and an emergency […]
By Michael Snyder Did you know that there is more than $28,000 of debt for every man, woman and child on the entire planet? And since close to 3 billion of those people survive on […]
By Michael Snyder Get ready for another major worldwide credit crunch. Today, the entire global financial system resembles a colossal spiral of debt. Just about all economic activity involves the flow of credit in some […]
As people continue to digest breaking news out of Greece and around the world, the Godfather of newsletter writers, 90-year-old Richard Russell, warned that we will see skyrocketing prices for gold and silver as the global crisis […]
by John Rubino Green’s point is that two big trends are intersecting: 1) The push by workers for their fair share of record corporate profits, in the form of a higher minimum wage and better […]
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