collapse
Domestic Policy Economy Finance Politics Top News World

This Time Is Different – The Beginning Of The Great Collapse

The largest asset bubble in the history of our planet is approaching the end of its lifespan, but that’s just the opening act. This time is different. Few imagined how far the Fed would go to reinflate the economy in the wake of the 2009 crisis. It started with TARP, then “quantitative easing” QE1, QE2, Read More…

stocks
Economy Finance Government Politics Top News World

Global Banking Stocks Are Crashing Hard – Just Like They Did In 2008

“Fortress balance sheets?”…  “It’s different this time”… “Greatest economy ever.” If all of that is true, then why are the stocks of the most systemically important banks in the world collapsing? And the banking collapse is leading global stocks lower – probably not coincidentally as global central bank balance sheets contract… As The Economic Collapse blog’s Read More…

Middle Class
Domestic Policy Economy Finance Politics Top News

Middle Class Destroyed: 50 Percent Of All American Workers Make Less Than $30,533 A Year

The middle class in America has been declining for decades, and we continue to get even more evidence of the catastrophic damage that has already been done.  According to the Social Security Administration, the median yearly wage in the United States is just $30,533 at this point.  That means 50 percent of all American workers make Read More…

oil
Business Economy Foreign Policy Politics Top News World

What’s Really Going On Behind The “Secret” Saudi-Russia Oil Deal

The revelation that Russia worked privately with the Saudis “on Trump’s order” to aid the U.S. effort to halt Iranian oil exports without causing a supply shock seems to contradict Russia’s public promise to defend Iran’s economy against aggressive U.S. sanctions. MOSCOW – On Wednesday, Reuters reported the details of a private and “secret” deal reached between Russia Read More…

Payment
Economy Finance Foreign Policy Government Politics Revolution Social Change Top News World

EU, Russia, Iran, And China Unveil New Global Payment System Independent Of US

In a stunning vote of “no confidence” in the US monopoly over global payment infrastructure, one month ago Germany’s foreign minister Heiko Maas called for the creation of a new payments system independent of the US that would allow Brussels to be independent in its financial operations from Washington and as a means of rescuing the nuclear deal Read More…

Deficit
Business Domestic Policy Economy Finance Government Politics Top News

US Government Spends A Record $433 Billion In One Month As Deficit Explodes

Two days ago we previewed the US budget deficit for the first 11 months of fiscal 2018, which according to CBO data, hit $895 billion, up $222 billion or 39% from the same period last year. Additionally, we noted that according to CBO calculations, the US would hit a $1 trillion deficit in calendar 2019, one year Read More…