Editor’s Note: Folks better pay attention, just today, Soros claims this is 2008 REPEAT Michael Snyder Did you see what just happened in China? For the second time in four days, a massive stock market crash has caused an emergency shutdown of the markets in China. On both Monday and Thursday, trading was suspended for […]
Tag: economic collapse
Michael Snyder A lot of people were expecting some really big things to happen in 2015, and most of them did not happen. But what did happen? It is my contention that a global financial crisis began during the second half of 2015, and it threatens to greatly accelerate as we enter 2016. During the […]
Michael Snyder | Economic Collapse Blog Did you know that there are 5 “too big to fail” banks in the United States that each have exposure to derivatives contracts that is in excess of 30 trillion dollars? Overall, the biggest U.S. banks collectively have more than 247 trillion dollars of exposure to derivatives contracts. That […]
If the stock market crash of last Thursday and Friday had all happened on one day, it would have been the 7th largest single day decline in U.S. history. On Friday, the Dow Jones Industrial Average was down 367 points after finishing down 253 points on Thursday. The overall decline of 620 points between the […]
Michael Snyder Just within the past few days, three major high yield funds have completely imploded, and panic is spreading rapidly on Wall Street. Funds run by Third Avenue Management and Stone Lion Capital Partners have suspended payments to investors, and a fund run by Lucidus Capital Partners has liquidated its entire portfolio. We are […]
Michael Snyder | Economic Crash Blog As we approach the end of 2015, researchers at both JP Morgan and Citigroup agree that the probability that the U.S. economy will soon plunge into recession is rising. Just last week, a member of the U.S. House of Representatives asked Janet Yellen about Citigroup’s assessment that there is […]
Michael Snyder Why hasn’t the U.S. bombed the oil wells that ISIS controls into oblivion by now? Would you believe that it is because the Obama administration “didn’t want to do environmental damage”? Former Deputy Director of the CIA Michael Morell has publicly admitted that we have purposely avoided damaging the main source of income […]
While the eyes of the world are on ISIS, Russia is creating weapons unlike anything the world has ever seen before. Plans for a giant self-propelled nuclear torpedo that can create a giant tsunami more than 1,000 feet tall were recently “leaked by mistake” by the Russian media. Apparently the warheads on these torpedos are […]
Michael Snyder What do you say to people that have completely lost all hope that things will ever get any better? The mountains of Appalachia stretch all the way from southern New York to northern Mississippi, and nestled within those mountains are dozens upon dozens of little towns that are so impoverished that they look […]
If you have been watching for the next major global economic downturn, you can now stop waiting, because it has officially arrived. Never before in history has global trade collapsed this dramatically outside of a major worldwide recession. And this makes perfect sense – when global economic activity is increasing there is more demand for […]
Michael Snyder Have you noticed that seismic activity along the Ring of Fire appears to be dramatically increasing? According to Volcano Discovery, 39 volcanoes around the world have recently erupted, and 32 of them are associated with the Ring of Fire. This includes Mt. Popocatepetl which sits only about 50 miles away from Mexico City’s […]
Michael Snyder | 2030 Agenda Did you know that the United Nations intends to have biometric identification cards in the hands of every single man, woman and child on the entire planet by the year 2030? And did you know that a central database in Geneva, Switzerland will be collecting data from many of these […]