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22 Signs That The Global Economic Turmoil We Have Seen So Far In 2016 Is Just The Beginning

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As bad as the month of January was for the global economy, the truth is that the rest of 2016 promises to be much worse.  Layoffs are increasing at a pace that we haven’t seen since the last recession, major retailers are shutting down hundreds of locations, corporate profit margins are plunging, global trade is slowing down dramatically, and several major European banks are in the process of completely imploding.  I am about to share some numbers with you that are truly eye-popping.  Each one by itself would be reason for concern, but when you put all of the pieces together it creates a picture that is hard to deny.  The global economy is in crisis, and this is going to have very serious implications for the financial markets moving forward.  U.S. stocks just had their worst January in seven years, and if I am right much worse is still yet to come this year.  The following are 22 signs that the global economic turmoil that we have seen so far in 2016 is just the beginning…

1. The number of job cuts in the United States skyrocketed 218 percent during the month of January according to Challenger, Gray & Christmas.

2. The Baltic Dry Index just hit yet another brand new all-time record low.  As I write this article, it is sitting at 303.

3. U.S. factory orders have now dropped for 14 months in a row.

4. In the U.S., the Restaurant Performance Index just fell to the lowest level that we have seen since 2008.

5. In January, orders for class 8 trucks (the big trucks that you see shipping stuff around the country on our highways) declined a whopping 48 percent from a year ago.

6. Rail traffic is also slowing down substantially.  In Colorado, there are hundreds of train engines that are just sitting on the tracks with nothing to do.

7. Corporate profit margins peaked during the third quarter of 2014 and have been declining steadily since then.  This usually happens when we are heading into a recession.

8. A series of extremely disappointing corporate quarterly reports is sending stock after stock plummeting.  Here is a summary from Zero Hedge of a few examples that we have just witnessed…

  • SHARES OF LIONS GATE ENTERTAINMENT FALL 5 PCT IN EXTENDED TRADE AFTER QUARTERLY RESULTS – RTRS
  • TABLEAU SOFTWARE SHARES TUMBLE 40 PCT IN AFTER HOURS TRADING – RTRS
  • YRC WORLDWIDE SHARES DOWN 16.4 PCT AFTER THE BALL FOLLOWING RESULTS – RTRS
  • SPLUNK INC SHARES DOWN 7.6 PCT IN AFTER HOURS TRADING – RTRS
  • LINKEDIN SHARES EXTEND DECLINE, DOWN 24 PCT AFTER RESULTS, GUIDANCE – RTRS
  • HANESBRANDS SHARES FURTHER ADD TO LOSSES IN EXTENDED TRADE, LAST DOWN 14.9 PCT – RTRS
  • OUTERWALL SHARES FALL 11 PCT IN EXTENDED TRADING AFTER QUARTERLY RESULTS – RTRS
  • GENWORTH SHARES DOWN 16.5 PCT AFTER THE BELL FOLLOWING RESULTS, RESTRUCTURING PLAN

9. Junk bonds continue to crash on Wall Street.  On Monday, JNK was down to 32.60 and HYG was down to 77.99.

10. On Thursday, a major British news source publicly named five large European banks that are considered to be in very serious danger…

Deutsche Bank, Credit Suisse, Santander, Barclays and RBS are among the stocks that are falling sharply sending shockwaves through the financial world, according to former hedge fund manager and ex Goldman Sachs employee Raoul Pal.

11. Deutsche Bank is the biggest bank in Germany and it has more exposure to derivatives than any other bank in the world.  Unfortunately, Deutsche Bank credit default swaps are now telling us that there is deep turmoil at the bank and that a complete implosion may be imminent.

12. Last week, we learned that Deutsche Bank had lost a staggering 6.8 billion euros in 2015.  If you will recall, I warned about massive problems at Deutsche Bank all the way back in September.  The most important bank in Germany is exceedingly troubled, and it could end up being for the EU what Lehman Brothers was for the United States.

13. Credit Suisse just announced that it will be eliminating 4,000 jobs.

14. Royal Dutch Shell has announced that it is going to be eliminating 10,000 jobs.

15. Caterpillar has announced that it will be closing 5 plants and getting rid of 670 workers.

16. Yahoo has announced that it is going to be getting rid of 15 percent of its total workforce.

17. Johnson & Johnson has announced that it is slashing its workforce by 3,000 jobs.

18. Sprint just laid off 8 percent of its workforce and GoPro is letting go 7 percent of its workers.

19. All over America, retail stores are shutting down at a staggering pace.  The following list comes from one of my previous articles

-Wal-Mart is closing 269 stores, including 154 inside the United States.

-K-Mart is closing down more than two dozen stores over the next several months.

-J.C. Penney will be permanently shutting down 47 more stores after closing a total of 40 stores in 2015.

-Macy’s has decided that it needs to shutter 36 stores and lay off approximately 2,500 employees.

-The Gap is in the process of closing 175 stores in North America.

-Aeropostale is in the process of closing 84 stores all across America.

-Finish Line has announced that 150 stores will be shutting down over the next few years.

-Sears has shut down about 600 stores over the past year or so, but sales at the stores that remain open continue to fall precipitously.

20. According to the New York Times, the Chinese economy is facing a mountain of bad loans that “could exceed $5 trillion“.

21. Japan has implemented a negative interest rate program in a desperate attempt to try to get banks to make more loans.

22. The global economy desperately needs the price of oil to go back up, but Morgan Stanley says that we will not see $80 oil again until 2018.

It is not difficult to see where the numbers are trending.

Last week, I told my wife that I thought that Marco Rubio was going to do better than expected in Iowa.

How did I come to that conclusion?

It was simply based on how his poll numbers were trending.

And when you look at where global economic numbers are trending, they tell us that 2016 is going to be a year that is going to get progressively worse as it goes along.

So many of the exact same things that we saw happen in 2008 are happening again right now, and you would have to be blind not to see it.

Hopefully I am wrong about what is coming in our immediate future, because millions upon millions of Americans are not prepared for what is ahead, and most of them are going to get absolutely blindsided by the coming crisis.


Michael T. Snyder is a graduate of the McIntire School of Commerce at the University of Virginia and has a law degree and an LLM from the University of Florida Law School. He is an attorney that has worked for some of the largest and most prominent law firms in Washington D.C. and who now spends his time researching and writing and trying to wake the American people up. You can follow his work on The Economic Collapse blog, The Most Important News, End of the American Dream and The Truth Wins. His new novel entitled “The Beginning Of The End” is now available on Amazon.com.

Andy Hoffman: Financial Armageddon This Year (VIDEO)

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epSos.de / Flickr

When people hear the world “armageddon” there are usually certain images the minds eye begins seeing. For each person it is probably little different with one exception. For the most part, there is nothing good associated with armageddon.

If we look at how our financial and economic worlds are beginning to unfold, especially over the past six months, we see nothing positive happening. Economies, around the world, are in free fall. How can I say this with such conviction? Well, if we look at the actual numbers, not the propaganda paraded as truth through the mainstream media, we begin to see just how bad it really is.

Two of favorite indices, the Baltic Dry Index (BDI) and the Shanghai Containerized Freight Index (SCFI), have been in free fall for most of 2015 and the trend is continuing into 2016. I can not even remember how many “new record lows” the BDI has hit during 2015. My guess is the first reading to come out in 2016 will continue the trend. The SCFI is bottom bouncing and the closing of 269 WalMart stores, worldwide, with 150 of those in the U.S., tells us all we need to know about how that particular index will proceed in 2016. If you have no finished goods to ship to the world, because the world is saturated in debt at all levels, there is no need to lease a containerized ship.

I sat down with Andy Hoffman, Marketing Director, Miles Franklin, to find out how 2016 may unfold according to his analysis. Andy, like other analyst, is seeing a global recession and probably the beginning of the Greater Depression. Sovereign debt, globally, is at levels the world has never seen before. Magicians tricks masquerading as monetary policies the world has never experienced. No one knows how to get out the current financial mess we find ourselves. It is an economic and financial nightmare that has been foisted upon the world by a handful of psychopaths who are trying to convince the world that everything is just fine. Well, it’s not.

This carnage is all by design. Andy, along with a great many other analyst, believe the Federal Reserve will not raise rates again, and will move towards more money printing (Quantative Easing). There may be more money printing on the horizon, however, according to history the Federal Reserve, who gets their marching orders from the Bank for International Settlement, will do the wrong thing at the exact wrong moment. This has been their M.O. for almost 100 years and I see no reason for them to change now. Interest rates will go up again in 2016 and may be accompanied by more money printing. Rest assured, this is the exact wrong thing at the exact wrong time.

Let’s revisit something Brandon Smith wrote a couple of months ago to show what I mean:

Let me end my talk by abusing slightly my status as an official representative of the Federal Reserve. I would like to say to Milton and Anna: Regarding the Great Depression. You’re right, we did it. We’re very sorry. But thanks to you, we won’t do it again.”

Based on this pattern of policy actions leading to fiscal disaster, I believe alternative analysts can predict with some certainty what is likely to happen now that the Fed has raised rates in the middle of the most pervasive economic contraction since the Great Depression was initiated (as Bernanke admitted) by central bankers.

Now, let’s not forget that Richard Fischer, former President Dallas Federal Reserve, admitted live on national TeeVee, that the Federal Reserve’s policies were the reason the stock market went up for five years running and it was now in for a “digestive period”. Translation: time for the market to have a major correction. Maybe not all at once, but it is certainly time to pay close attention.

If you are thinking and preparing to protect your family and making plans on how to deal with the masses of unemployed, angry and hungry people who are going to be at your doorstep, now would be a good time to begin that process.

Gold and silver are part of the solution and the protection. They are one aspect of what is needed. You need to be acting on a multitude of fronts. Food, security, water, shelter and the list goes on. What’s the number one item on your list? Who will be able obtain ANYTHING if society breaks down? It’s better to be ten years early than one day late. If you are one day late…it’s not going to happen.

Take a look at Europe. Take a look at the U.S. – open southern border. The only difference is distance. Once the situation on this side of the world begins to break down, like we see in Europe, Africa, the Middle East and Eastern Europe, and we have an open border, the U.S. will devolve just as quickly, if not quicker, than Europe.

Overly dramatic? I hope so. I hope I am dead wrong. You had better hope all of the people who have been saying that 2016 is the year of armageddon, you had better they are all wrong as well. Right now, 2016 looks like the year for the SHTF. If I am wrong, we can rejoice in having another year of preparing,praying and attempting to make our world a little better.

Don’t forget to follow The Daily Coin on Twitter and like us on Facebook


Rory Hall, Editor-in-Chief, The Daily Coin, has studied the precious metals market, economic and monetary policies as well as geopolitical events since 1987. I have written well over 700 articles and produced more than 200 videos. Beginning in 2014 The Daily Coin became his latest incarnation. Prior to launching his own website and YouTube channel, Rory began working with SGTReport.com in 2012 and still contributes to their website daily.  The YouTube Channel, The Daily Coin, was launched in February 2014 and website TheDailyCoin.org was launched April 2014. Rory’s original articles have been published by such notable websites as Zerohedge, SHTFPlan, Sprott Money, GoldSilver and The Sleuth Journal just to name a few. He has interviewed some of the top professionals, in their field, from around the world, including Dr. Paul Craig Roberts, Dr. Marc Faber, Eric Sprott, Gerald Celente and Peter Schiff, to name but a few. The Daily Coin is enjoying global growth for both original works and delivering some of the best economic, precious metals, geopolitical and preparedness news from around the world.

Gerald Celente: Get Prepped For Global Systemic Collapse (VIDEO)

System-Failure-The-Matrix-crash-e1454026877947

More ridiculous predictable market action today. The worse things become in the real world the more frantic the stupidity becomes. The American authorities are clearly terrified that their world role as hegemon is being threatened and it is not beyond the realm of possibility that your fears of war will turn out to be a reality. – John Embry

It was reported yesterday that a Government panel is recommending that all adults over the age of 18 should be screened for “depression” – LINK. Nothwithstanding the fact that the term “depression” is a subjective concept, it exemplifies the move in the Government to control the population. It’s a frightening movement toward Totalitarianism that has been in motion since the formation of the Federal Reserve and the ratification of the16th Amendment, giving the Federal Government authority to enact an income tax. Both events occurred in 1913.

Make no mistake about it, the Government panel’s recommendation, if it finds its way somehow through Congress, is an underhanded way for the Government to implement gun control. We can’t have depressed people running around with guns in their possession. In addition, there’s no doubt that one of the big drug or hospital corporations has devised some sort of “depression screening” protocol which generates very high margin profits. Even better if the testing is covered by Medicare and Medicaid so the taxpayers can fill yet another big trough from which corporate America feeds.

The irony in the Totalitarian creep of the Federal Government is that humans don’t like the idea that they can’t control their immediate lives and living environment. Thus, they want to believe with surprising adamance that their vote matters – that they can control the outcome of an election with their “participation” in the process. Of course, nothing could be farther from the truth. The fact of the matter is that the modern Presidential process has become little more than the political version of “The Jerry Springer Show.” It’s like watching a slow motion train wreck repetitively with the now-frequent “debates” and “town hall” meetings.

Sorry. Maybe if you could vote for each of the well-funded 25 lobbyists per elected House Rep and Senator your participation in the process might matter. The only part of an election campaign that matters is the amount of money that gets apportioned by Wall Street financial firms, big pharmaceutical companies and the defense industry. Democrats who think Big Labor matters better think again – just look at the scale of the de-industrialization of America which has converted the majority of the U.S. manufacturing workforce into Walmart greeters and bartenders.

Perhaps the only safe refuge from this insanity and from the systemic destruction headed our way is to move as much of your wealth out of the fiat currency based financial system and into the safe haven of precious metals. Of course, Wall Street and the Government-controlled propaganda disseminators – otherwise known as mainstream financial media – are doing their best to discourage investors from even learning how to spell “gold.” It’s the barbarous relic of cavemen which you can’t eat and doesn’t earn interest. It’s about as useful as a Pet Rock.

What they won’t show you is this graph – click on image to enlarge (source: Zerohedge):

CelenteGOLD

This graph shows the performance of gold (red line) vs. the British pound, euro, yen, Swiss franc and commodity index since Jan 2000.  The elitists running our system don’t want you see that graph because that graph embodies the truth about the deteriorating economic, political and geopolitical condition of both the U.S. and the world.  Better to have you focused on Trump vs. Cruz or Trump vs. Clinton. And Obama clearly doesn’t care because he now spends most of his time golfing in Hawaii and staying at his future $10 million enclave – paid for by the Pritzker Family and Company.

The Shadow of Truth hosted Gerald Celente for what we believe may be his best podcast interview in quite some time.  It borders on cerebral and we presented Mr. Celente with several thought-provoking questions – we think you will enjoy this side of the world’s foremost trends forecaster:

MP3 Download/Listen

When people lose everything and they have noting to lose, they “lose it.”  – Gerald Celente on the Shadow of Truth.


Rory Hall, Editor-in-Chief, The Daily Coin, has studied the precious metals market, economic and monetary policies as well as geopolitical events since 1987. I have written well over 700 articles and produced more than 200 videos. Beginning in 2014 The Daily Coin became his latest incarnation. Prior to launching his own website and YouTube channel, Rory began working with SGTReport.com in 2012 and still contributes to their website daily.  The YouTube Channel, The Daily Coin, was launched in February 2014 and website TheDailyCoin.org was launched April 2014. Rory’s original articles have been published by such notable websites as Zerohedge, SHTFPlan, Sprott Money, GoldSilver and The Sleuth Journal just to name a few. He has interviewed some of the top professionals, in their field, from around the world, including Dr. Paul Craig Roberts, Dr. Marc Faber, Eric Sprott, Gerald Celente and Peter Schiff, to name but a few. The Daily Coin is enjoying global growth for both original works and delivering some of the best economic, precious metals, geopolitical and preparedness news from around the world.

Contemporary Commentary: Is it Wise to Buy Gold?

Gold 3*

The Powers-that-Be, who control or manipulate almost all of the media, including “alternative“, are continually running thousands of ads, or “commentaries” (which are ads in disguise), promoting the purchasing of gold as a hedge against the coming Tribulation.  This is perhaps even more prolific in the “alternative” media, as this is their foundational demographic.  Nevertheless, is buying gold really a wise investment for the trouble ahead ?

History has proven, time and time again, that the majority is always wrong. The majority of scientists thought the world was flat. The majority of doctors thought bleeding a virus out would lead to health. The majority of senators thought Nixon was honest. If you are a Sleuth Journal subscriber or an “alternative news” reader, then these words are written especially for you. The Ruling Elite know that you are a “progressive thinker”, so they take special pleasure in pulling the wool over the eyes of a more formidable opponent than usual, so be very careful about this “Buy Gold” sales pitch.

Why is China and Russia buying gold?  Because the Racist Elite look down on the Chinese and Russians, and are suckering them into buying their gold as a perceived safeguard against the coming financial crisis, which they are certainly smart enough to realize is just over the horizon.  The Chinese and Russians are simply being outwitted and beguiled by financiers who have been controlling the international monetary game for much, much longer than they and who are merely looking more moves ahead in the play than they are.

Most perceptive people are aware of the fact that the cradle of the Elite, the United States of America, sold off their gold holdings, and those of other nation’s that they were “storing for safekeeping”, a long time ago.  That is why the gold is not open for inspection. Because it is not there! Otherwise, the United States would gladly and boastfully showcase it for all to see and reassure the panicking Germans!

As there is a finite supply of gold in the world, just as there are finite shares of stock in a company, one party sells their property knowing that this is the profitable course of action because the value of the asset will go down in the future. The seller therefore seeks a buyer who believes the exact opposite, just as with a wager in a game of chance or sporting event. In this case, the seller, being better informed of the full sequence of coming events, will win the wager because of this extra insight, while the other will lose very badly.

Now a word from our sponsor, then the article will conclude.  Please check it out by clicking on it to send me some revenue, free of charge to you!  Thank You!



Remember recently how Switzerland blatantly lied about never removing the peg of their currency to the Euro, only to do the exact opposite a few days later? Remember hearing about how investment firms lost hundreds of millions of dollars? This is only half of the truth. The rest of it, which was never reported, is that when someone “looses” hundreds of millions of dollars (or Euros) in the investment game, someone else makes that exact sum of money! Who made hundreds of millions of dollars in a single day? The super-rich Elite who knew the full sequence of events beforehand. Even if the progressive thinkers have ninety-nine moves calculated correctly, it only takes one additional move by the Controlling Elite to lose it all.

If there are all of these endlessly repetitious paid ads and commentaries promoting the purchasing of gold, then that means that there are A LOT of sellers of gold! Who exactly owns a lot of gold? The super-rich Elite. Ever wonder, if gold is so valuable, why are they selling theirs?!?!

We know that the world of finance is filled with lies, so be very careful, even with what appears to be the truth from “reputable” sources.  The “Bullion By Post”, for instance, profits greatly from the selling of gold. If they release a statement that “The Wealthy are Buying up Gold“, whether true or not, they profit greatly from the influence this statement has on the market, adding increased probability of the statement’s falsehood for personal gain. After all, it is just a statement, without any independently auditable proof.  Mere unsubstantiated words were used by JP Morgan just prior to the Great Depression to outmaneuver adroit stock brokers who he saw as his personal competition.

The Elite are well aware of the influence “Truth Seekers” like you have on the marketplace. They release half-truths all of the time, misleading statements through their third party embassaries like the Queen’s “Bullion By Post“, to intentionally steer information seeking “Progressive Thinkers” at will in the direction they decide, and then through which, otherwise intelligent disciples of the first, follow them in great numbers out of personal respect, unintentionally creating the Elite’s planned scenario. After all, a sincere spokesperson, even if they are sincerely mistaken, is the very best spokesperson for the hidden agenda of those above them, who alone see the full picture of the last move of the game.

Be surgically careful to not fall prey to the Elite’s double, triple or even quintuple bluff. You have to think at least five moves ahead of the present position in the game just to have a chance of winning, not just two or three moves ahead.  The “Banksters” are devilishly clever. They have been playing the World Control Chess Game more than ANY of us, and can outwit, and think further ahead into the game, than even the best of players who let their guard down only once, unintentionally then influencing numerous others to do the Bankster’s will by a single error of well meaning leadership, mistakenly going for an enticingly baited trap with seemingly “reliable” or even “truthful” information.

The reason why this “Buy Gold Campaign” is being done, even by some well-meaning yet unwittingly manipulated columnists, is so that the Power-Elite can sell their gold! Why?  Because they know that a worldwide Tribulation is coming, just as sages foretell!  What does prophecy tell us about the coming catastrophe? That there will not only be global financial collapse in the near future, that there will be a worldwide famine as well!  You can just imagine, when this happens, if you have a bag of gold and someone else has a gallon of clean water or a sack of potatoes, which is actually more valuable in the coming time?

Forward thinking people understand that “Fiat” currency, like the US dollar or Euro, is only valuable because everyone uniformly agrees that it is, just like the paper currency used by players in a game of Monopoly.  Yet, these same people almost always overlook the fact that gold is also a fiat currency!!!  Why is this true?  For the same reason!!!  Gold is only valuable because we all agree it is! . . . It has just been around and used as a fiat currency so much longer than paper money that people are misled into thinking that it has more value than paper currency, simply because the fiat tradition is older, when in fact gold does not have actual value! Food and water does!

It seems everyone is the “Conspiracy Community” is all abuzz about the likelihood of a soon coming RFID chip to replace paper currency as a form of universal payment, right? Has anyone yet realized that at such an hour gold too, just like paper currency, would become completely useless?! Only the top, top people know this. That is why they are trying to trick everyone, especially the “forward thinking” people who lead others, into buying their gold while it is still worth something, all the while deliberately inflating its perceived value so that they can get as much money for it as they can when they sell theirs! What are they doing with this newly earned money? Buying practical supplies and bunkers with it while cash is still part of the game! By the time cash becomes useless, gold will be too, and they know it!

“They will throw their silver and gold in the streets,

and their gold will be like refuse;

Their silver and their gold will not be able to deliver them

in the Day of the Wrath of the Lord.”

Ezekiel 7:19

 Brother Bart-

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References:

The Elite are Selling their Gold and Heading for the Hills!

The Rich are Buying Supplies, Not Gold

The Ultimate Tribulation




Bart Sibrel  is an award winning filmmaker, writer and investigative journalist who has been producing movies and television programs for thirty years. During this time he has owned five production companies, been employed by two of the three major networks and produced films shown on ABC, NBC, CNN, TLC, USA, BET, as well as The Tonight Show with Jay Leno. To discuss his films, he has appeared and been interviewed on The Daily Show, Geraldo, NBC, CNN, FOX, Tech TV, Coast to Coast, and The Abrams Report. Articles featuring Mr. Sibrel’s films have been published in Time Magazine, The New York Times, The Washington Post, The L.A. Times, USA Today and many others.  His top awards from the American Motion Picture Society include “Best Cinematography”, “Best Editing” and “Top Ten Director”. As the writer and director of the infamous “A Funny Thing Happened on the Way to the Moon” which exposed the moon landing hoaxMr. Sibrel has collected over the years innumerous military, government, industrial and private sources for credible firsthand verification of very real conspiratorial crimes against humanity. He will use these contacts and experience in exposing the true and unbelievably horrific intentions of the hidden minority who have diabolical intentions for mankind in his monthly Sleuth Journal column “Conspiracy Corner”.  When such concepts are speculative and unverified, Mr. Sibrel will acknowledge this and openly discuss the leading possibilities as a cautionary benedictionBe sure to visit his site at Sibrel.com and subscribe to his Youtube Channel.

 If you are so inclined, you may Donate to his endeavors.

Bill Holter: You’re Witnessing The Credit Structure Unwinding (VIDEO)

I sat down with Bill Holter, JSMineset, to see what his research is telling him about the opening of 2016 and why the markets have been in free fall. What Bill shares should get your attention and paint a realistic picture of what is happening and why it is happening.

When a designer sits down to create a new piece they usually have an idea of how the piece is going to finish. It’s called starting with the end in mind. If we apply this concept to the “designers” of our economy we will have a much better understanding of what is happening and why it is happening. The timing is always going to be elastic as situations unfold. What was working yesterday, as part of the design, may need some attention and adjustments today, thereby, creating a longer or shorter time line.

This is what the Federal Reserve is doing right now. Making adjustments to their original design to fit the current scenario.

In 1913, the year the Federal Reserve was hatched, the end that was in mind was the theft of the nations wealth. When I say “the nations wealth” I mean, literally, everyone’s wealth transferred from the many to the few. This has been the end game starting way back when. We, this current generation of Americans, are witnessing that end. The final leg was launched in 2008 when the engineered “financial crisis” was unleashed and the Federal Reserve, in conjunction with Congress and the Treasury, put into place their scheme to confiscate a massive piece of wealth from the people. The people did nothing, most barely even paid attention, and the end game was set into motion.

Between 1913 and today, there have been a great many clues, along with massive criminal operations that transferred vast sums of wealth from the many to the few. Beginning in 1933, the Federal Reserve, in conjunction with Congress and the Treasury, stole the nations gold. Executive Order 6102 was signed by FDR and the nation was ordered to turn in their gold coins, bars and anything gold in their possession. Most people, thankfully, did not turn in their gold and most of the gold that was stolen was being held in bank deposits and individual safe deposit boxes in the banks. People that allowed the banks to hold and manage their wealth, lost. I hope you’re paying attention to that last line.

The next massive transfer of wealth came in 1965 when silver was removed from U.S. coins. Dimes, quarters and half dollars all contained 90% silver and this was the basis of the actual money. That silver was then removed from the people and, once again, transferred the wealth from the many to the few.

“What’s going on has to be on purpose. There’s no one in their right mind that would put the policies into place that they have, because they are steering us into the ditch. It’s not like we’re going off the road into a ditch by mistake.” Bill Holter, The Daily Coin

That brings us to today. In 2008 we were told that unless the people of this nation stood by and allowed the Federal Reserve (which gets it’s funding through the people by way of the Treasury) were not allowed to “save the banks” and transfer tens of trillions of wealth to the banks, there would be “tanks in the street” and “martial law”. This, of course, was just another lie by the lying thieves. What we are witnessing in 2016 is the culmination of “beginning with the end in mind”.

Let’s listen to Bill Holter, JSMineset, and allow him to set the stage for the unwinding credit structure.

MP3 Download/Listen

Don’t forget to follow The Daily Coin on Twitter and like us on Facebook .


Rory Hall, Editor-in-Chief, The Daily Coin, has studied the precious metals market, economic and monetary policies as well as geopolitical events since 1987. I have written well over 700 articles and produced more than 200 videos. Beginning in 2014 The Daily Coin became his latest incarnation. Prior to launching his own website and YouTube channel, Rory began working with SGTReport.com in 2012 and still contributes to their website daily.  The YouTube Channel, The Daily Coin, was launched in February 2014 and website TheDailyCoin.org was launched April 2014. Rory’s original articles have been published by such notable websites as Zerohedge, SHTFPlan, Sprott Money, GoldSilver and The Sleuth Journal just to name a few. He has interviewed some of the top professionals, in their field, from around the world, including Dr. Paul Craig Roberts, Dr. Marc Faber, Eric Sprott, Gerald Celente and Peter Schiff, to name but a few. The Daily Coin is enjoying global growth for both original works and delivering some of the best economic, precious metals, geopolitical and preparedness news from around the world.

Unlimited Credit Is The Real Threat To The Global Economy

Photo: www.telegraph.co.uk

Photo: www.telegraph.co.uk

(The Real Agenda) Real money in US dollars accounts for $1.2 trillion worldwide. Of that, only about

$250 billion are in circulation in the US. The rest of the US dollars circulating around the country are worthless. The same situation occurs around the world.

What’s the problem with that? The US government alone spends $3.5 trillion a year. The same US government has spent over $14 trillion to unsuccessfully deal with the ongoing economic crisis.

Where has all that cash come from, if there are only $1.2 trillion worth of real money out there? It has been printed out of thin air.

What would happen if the excess, worthless dollars suddenly disappeared?

The only thing that has kept the United States and anything else attached to the US dollar alive for decades is the global credit system. Some people would prefer to call it, the global debt slavery system.

Although the value of the US dollar has fallen by 96% since the creation of the Federal Reserve Bank, the currency continues to be the reference worldwide. Most assets are priced in dollars. Oil, raw materials, property, and credit are all priced in US dollars.

The reason why America seems to get richer and richer even though in reality it is quite the opposite, is because the country, and much of the world work on credit, not real money. Different from real money, credit can be almost infinite. It has been so for decades. That is why more dollars circulate around the world than the total amount of real dollars.

Consumer spending alone is said to be worth over $11 trillion a year, but in reality it is not, because consumers use credit as their tool to acquire property and assets, for example, as supposed to real money.

Right now, credit-based spending in the US is three times as high as all the taxes collected by the US government. It is twice as high as the value of the real money that circulates around the US alone.

As you may have imagined by now, this gigantic, seemingly infinite credit bubble is also America’s greatest liability.

Remember the question I posed before about money disappearing and what would the result be if that were to happen? It is not real money what would disappear, but artificial cash credited to people and companies.

Since much of all money circulating in financial transactions is part of the worthless, made-up-from-thin-air money, a sudden contraction in credit availability would have catastrophic consequences for the financial system and therefore for the real economy.

The disappearance of credit money from the real economy has already started. We saw it in Greece, Portugal and other European nations in 2014, after governments mandated banking holidays while they attempted to deal with their deepening credit crisis.

That’s right. Governments in Greece, Portugal, Spain, Italy and others are in crisis because their operations depend heavily on large amounts of artificially created money whose real value is zero, but that the financial system and the real economy have adopted as real money, even though it does not exist.

The dire consequences of what would happen to the global economy if credit lines began to be cut or completely eliminated have been seen in Greece and Portugal, for example. People were not able to access cash from their bank accounts because they had been frozen by the central government.

Pensions and unemployment checks were not paid to people who depended on them to live, because the government did not have real money to provide the cash to them.

You are probably thinking, how can it be that so much worthless money is allowed to circulate, even though it has no real value? The answer to that is two-fold. First, it is allowed to circulate because it allows for the very rich people to make tons of money, which in turn allows them to acquire real assets.

This system is what allowed 62 people to became billionaires. It is also how the number of billionaires is smaller every year. Those in the 0.1% use fake money to buy real assets while consolidating wealth and influence, while leaving the 99.1% in debt. These people have mastered the art of using someone else’s money to get richer.

The existent credit mechanism not only relieves them from bad, worthless money, but it also enables them to become owners of tangible property in the form of land, raw materials, profitable companies and so on.

The other reason why fake money is allowed to circulate in such large amounts is because there is a general understanding that all that debt created by the credit system will be paid someday, somehow. But what if the expectation of the debt being paid is no longer held? What if the debtors are incapable of paying their debt?

It is not hard to see how uncomfortable government representatives must be with most assets, resources and raw materials priced in US dollars all over the world with the perspective that most of the debt that has been created may not be paid ever.

With very few exceptions, most countries in the world function within the debt-based system, which means that a sudden correction in the availability of debt to finance government programs such as social security, pensions, payment of salaries for government employees, etc, would have a strong impact on the social fabric of civilisation.

This is why most financial experts are now recommending to have as much cash as possible in hand, because once the downward movement of the economic collapse catches some speed, there will be no more money at ATMs, bank agencies or convenience stores.

The withdrawal of credit from a heavily indebted global economy will also affect availability of gasoline, food, water and other basic needs, because most companies that provide them also depend heavily on credit to run their operations.

Just so you have a better perspective on the gravity of the debt problem created by the credit system, the United States alone owes $60 trillion to its creditors.

Many cynics say that debt is not a problem because the US can print more dollars to finance itself, included the payment of debt. What these people omit is the fact that, since the creation of the private banking cartel in 1913, the US has never been able to pay off its debt.

The unlimited printing of US dollars, which are worth nothing, will not solve the indebtedness issue, because the truth about the current credit system is that it is insolvent. That means that no amount of cash can be printed to pay off the debt. The consequence of an insolvent credit system is the immediate disappearance of wealth. What wealth? Whatever wealth that is not accounted for in real assets.

At the height of the 2009 crisis, which by the way did not end, some $10 trillion in wealth had disappeared from the face of the Earth. According to some analysts, the coming global financial crisis will wipe out at least 10 times more than in 2009. In other words, people will see some $100 trillion vanish once everything is said and done.

What will the disappearance of $100 trillion from the global economy do? Basically, it will help correct the out-of-control credit system. The elimination of at least $100 trillion will be a shocker for billions of people. It will cause hardship as no one has ever seen before, but it will also help correct the abuses that the debt-based system that has been employed by governments worldwide to enslave their people for generations. The collapse of the global credit system will push the reset button and the world will have to start over.

For the average Joe out there who depends on cash to live and even for the small business person who depends on credit to manage a store or a chain of establishments, the quickest way to prepare for the shock of a Great Depression style collapse is to have as much cash on hand as possible so that when the credit system collapses, he or she will have enough cash to buy groceries, fuel and other basic items.

It is also a good idea to acquire something that allows for bartering with fellow neighbours and local businesses. Precious metals and other materials that are needed on a daily basis will be perfect means to survive in the coming cash strangled society. When the credit system implodes, companies will not be able to access cash to operate. They won’t be able to purchase materials, machines, pay salaries to employees let alone produce anything because there won’t be any money available for them to use. Consequently, consumers will not have access to products such as food, electronics, cars, or any other basic means of locomotion. But worse than all of this is that people, the billions of people who trust their money to banks or cooperatives, won’t have access to it because it doesn’t exist. It never did. The real money never left the pockets, private bank accounts or properties of the billionaires, but the wealth generated by billions of working people always ended in billionaires pockets. So you see, generations of people have worked for nothing else than to make the wealthy wealthier.

The scariest fact about all of the previous information is that, despite what Barack Obama says, America is not the strongest economy in the world, and the global economy is not recovering. It is getting worse. The entire global economy is hanging by a thread and the only thing that is preventing it from collapsing is blind faith on the idea that the credit system can run the way it does forever. That of course, is an impossibility. We know that for a fact. All that will take for the house to come down is the slightest sign of distrust from a few people. The slightest sign of that faith getting weaker will prompt people to collect their money from the economy as soon as they possibly can, and that, depending on the amount of money being taken out, will be the end of the credit system and the debt-based system that has reigned over the world since the early 1950s.

You have been warned. Now you know. Get your money as fast as you can before it is too late.


Luis R. Miranda is an award-winning journalist and the founder and editor-in-chief at The Real Agenda. His career spans over 18 years and almost every form of news media. His articles include subjects such as environmentalism, Agenda 21, climate change, geopolitics, globalisation, health, vaccines, food safety, corporate control of governments, immigration and banking cartels, among others. Luis has worked as a news reporter, on-air personality for Live and Live-to-tape news programs. He has also worked as a script writer, producer and co-producer on broadcast news. Read more about Luis.

The Last 16 Times This Happened There Was A Recession…

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Something has just happened that has signaled a recession every single time that it has occurred since World War I.  16 times since 1919 there have been at least 8 month-over-month declines in industrial production during the preceding 12 month period, and in each of those 16 instances the U.S. economy has plunged into recession.  Now that it has happened again, will the U.S. economy beat the odds and avoid a major economic downturn?  I certainly wouldn’t count on it.  As I have written about repeatedly, there are a whole host of other numbers that are screaming that a new recession is here, and global financial markets are crumbling.  It would take a miracle of epic proportions to pull us out of this tailspin, and yet there are many people out there that are absolutely convinced that it will happen.

John Hussman is not one of them.  In his most recent weekly comment, he examined this stunning correlation between month-over-month declines in industrial production and recessions.  To me, what Hussman has presented is overwhelmingly conclusive

Last week, following a long period of poor internals and weakening order surplus, we observed fresh declines in industrial production and retail sales. Industrial production has now also declined on a year-over-year basis. The weakness we presently observe is strongly associated with recession. The chart below (h/t Jeff Wilson) plots the cumulative number of month-over-month declines in Industrial Production during the preceding 12-month period, in data since 1919. Recessions are shaded. The current total of 10 (of a possible 12) month-over-month declines in Industrial Production has never been observed except in the context of a U.S. recession. Historically, as Dick Van Patten would say, eight is enough.

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After looking at that chart, is there anyone out there that still doubts that the U.S. economy is in significant trouble?

Many estimates of U.S. GDP growth for the fourth quarter of 2015 are already just a small fraction of one percent.  It would not be a surprise at all to see a negative number posted once it is all said and done.

And of course more bad news for the economy just keeps pouring in.  So far this week we have learned that the growth rate of federal withholding taxes has turned negative, Johnson & Johnson plans has announced that it is eliminating 3,000 jobs, and BP has announced that it is eliminating 4,000 jobs.

Of course it is not exactly a surprise that BP is cutting jobs.  At this point the entire energy industry is absolutely hemorrhaging workers.  As I wrote about yesterday, 130,000 good paying energy jobs have been lost in the United States since the beginning of last year.

But now we are seeing major firms outside the energy industry cutting payrolls.  Even financial giants such as Morgan Stanley are looking for ways to cut costs…

Morgan Stanley just announced fourth-quarter earnings, and it is providing detail to investors on a cost-saving plan called Project Streamline.

During a conference call, CEO James Gorman uttered a sentence that will most likely make the bank’s staff shudder.

“Too many employees based in high-cost centers are doing work that can sensibly be done in lower-cost centers,” he said.

The whole environment is changing.

When things start to get tough, big corporations start to get rid of people.  We saw this back in 2008, and it is starting to happen again right now.

And just like last time around, we are going to see millions of Americans lose their jobs during the hard years that are ahead of us.

But thankfully for the moment there is a brief lull in the action.  The financial turmoil that has gripped the planet was calmed on Tuesday when China announced that their economy grew at a rate of 6.8 percent during the fourth quarter of 2015.  This was right in line with expectations, and markets around the world responded positively to the news.

There is just one huge problem.  Everyone knows that GDP figures coming out of China are essentially meaningless.  If you believe that the Chinese economy actually grew at a 6.8 percent rate during the fourth quarter of 2015, then I have a bridge to sell you.  Virtually every other number coming out of China over the past several months tells us that the Chinese economy is shrinking, and so that 6.8 percent figure is extremely questionable at best.

Do you want to know the last time the communist Chinese admitted to having a recession?

It was in 1976.

Over the past four decades, economic growth figures have become a source of great national pride for China.  To admit that the economy is now imploding would bring great shame on the Chinese government and the nation as a whole, and so that must be avoided at all costs.

Yes, the numbers are fraudulent in the U.S. too.  According to John Williams of shadowstats.com, if the U.S. was actually using honest numbers the last recession never would have technically ended.

But in China they take this to ridiculous extremes.  The Chinese economy is fueled by exports, and Chinese exports have been down on a year over year basis for six months in a row.  And the primary reason why commodity prices have been absolutely collapsing is because of the economic contraction in China.

Of course if China had released a GDP number that was honest, global markets would have crashed hard.  So their lies are making everyone else feel a bit better for the moment, and every day of relative stability that we can enjoy from here on out is something to be thankful for.

As you read this article, markets all over Asia, Europe, South America and the Middle East are already in bear market territory.  More than 30 percent of the market has been wiped out in Brazil and Hong Kong, more than 40 percent of the market has been wiped out in China and Italy, and about 50 percent of the market has been wiped out in Saudi Arabia.

We are already experiencing a major global financial crisis.

The only question remaining is how bad it will eventually become.

Let us hope for more days like this one that are relatively calm.  But I wouldn’t count on things turning around significantly any time soon, because the economic fundamentals are telling us that big trouble is ahead.


Michael T. Snyder is a graduate of the McIntire School of Commerce at the University of Virginia and has a law degree and an LLM from the University of Florida Law School. He is an attorney that has worked for some of the largest and most prominent law firms in Washington D.C. and who now spends his time researching and writing and trying to wake the American people up. You can follow his work on The Economic Collapse blog, The Most Important News, End of the American Dream and The Truth Wins. His new novel entitled “The Beginning Of The End” is now available on Amazon.com.

These Three Men Predicted A 2016 Economic Crash Years Ago—Is It Now Coming To Pass? (VIDEO)

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The world’s leading investors have been warning that we are on our way to one of the largest market crashes in history. The sad truth is, most people are in absolute denial over the actual state of the economy.

“As long as you don’t look too closely at our nation, things seem under control — the United States looks whole … but when you go around to the ‘dark back side’ of the nation, you see the shocking truth. There you see a nation whose core fundamentals have been hollowed out,.”

Those are the staggering words of Thom Hartmann in his book, “The Crash of 2016: The Plot to Destroy America — And What We Can Do to Stop It.”

Thom Hartmann predicted that sometime in 2016 America would be faced with an economic crash. As we enter into this new year and our stocks are tumbling out of control it seems like Mr. Hartmann, just might be right!

But he’s not the only one who warned of a 2016 crash. Jeremy Grantham, founder of GMO and widely remembered for warning about the 2000 market crash and the 2008 financial crisis, warned us last year that we could be looking at a crash in 2016. A crisis that will likely be worse then the Great Depression.

According to The Financial Times:

“Mr Grantham is uncertain what could trigger the next crisis, pointing out that bubbles do not burst simply because financial assets are overvalued. But he argued that by late 2016 markets would probably be extremely vulnerable to a crash, given lofty valuations.”

Best selling author Robert Kiyosaki, also warned that stock market manipulations could result in a crash bigger then what happened in 2007. In fact he predicted in his book, “Rich Dad, Poor Dad,”  that a market crash would hit America in 2016.

Here is more on this critical report…

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For More Information See:

Jeremy Grantham- https://www.caseyresearch.com/articles/one-of-the-worlds-most-respected-investors-predicts-2016-stock-crash

Thom Hartmann Video Clip- https://www.youtube.com/watch?v=06WOhNgXBZw (1:35-3:15) or 3:41)

Democracy Now- http://www.democracynow.org/2013/11/12/the_crash_of_2016_thom_hartmann

Book- http://www.amazon.com/gp/product/0446584835/ref=as_li_tl?ie=UTF8&camp=1789&creative=9325&creativeASIN=0446584835&linkCode=as2&tag=thomhartmann&linkId=BALQAE7IJY5PWA3Y

Robert Kiyosaki- http://www.newsmax.com/Finance/StreetTalk/Robert-Kiyosaki-stock-market-crash-invest/2015/12/03/id/704472/

Census-  http://www.census.gov/content/dam/Census/library/publications/2014/demo/p70-139.pdf

Census- http://www.census.gov/newsroom/press-releases/2014/cb14-219.html

Unemployment- http://fortune.com/2015/09/14/donald-trump-unemployment-rate-jobs/


Lisa Haven is an independent Christian news analysis and one of the top contributors on www.BeforeItsNews.com. She is also author of www.LisaHavenNews.net and runs her own youtube channel (Lisa Haven) with tens-of-thousands of views per day. Digging deep and finding truth is what she lives for. Her passion is to spread truth no matter where it lies. She covers everything from martial law, to FEMA camps, to end time bible prophecy, to government documents and much more! Before launching her journalism career, she wrote many bible studies and lead women ministries for a number of years. She will also complete her ministry degree at International School of Ministry this year.

Lowest Ever: The Baltic Dry Index Plunges To 394 As Global Trade Grinds To A Standstill

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For the first time ever, the Baltic Dry Index has fallen under 400.  As I write this article, it is sitting at 394.  To be honest, I never even imagined that it could go this low.  Back in early August, the Baltic Dry Index was sitting at 1,222, and since then it has been on a steady decline.  Of course the Baltic Dry Index crashed hard just before the great stock market crash of 2008 too, but at this point it is already lower than it was during that entire crisis.  This is just more evidence that global trade is grinding to a halt and that 2016 is going to be a “cataclysmic year” for the global economy.

If you are not familiar with the Baltic Dry Index, here is a helpful definition from Wikipedia

The Baltic Dry Index (BDI) is an economic indicator issued daily by the London-based Baltic Exchange. Not restricted to Baltic Sea countries, the index provides “an assessment of the price of moving the major raw materials by sea. Taking in 23 shipping routes measured on a timecharter basis, the index covers Handysize, Supramax, Panamax, and Capesize dry bulk carriers carrying a range of commodities including coal, iron ore and grain.”

The BDI is one of the key indicators that experts look at when they are trying to determine where the global economy is heading.  And right now, it is telling us that we are heading into a major worldwide economic downturn.

Some people try to dismiss the recent drop in the Baltic Dry Index by claiming that shipping rates are down because there is simply too much capacity out there these days.  And I don’t dispute that.  Without a doubt, too many vessels were built during the “boom years”, and now shipbuilders are paying the price.  For example, Chinese shipyards reported a 59 percent decline in orders during the first 11 months of 2015…

Total orders at Chinese shipyards tumbled 59 percent in the first 11 months of 2015, according to data released Dec. 15 by the China Association of the National Shipbuilding Industry. Builders have sought government support as excess vessel capacity drives down shipping rates and prompts customers to cancel contracts. Zhoushan Wuzhou Ship Repairing & Building Co. last month became the first state-owned shipbuilder to go bankrupt in a decade.

But that doesn’t explain everything.  The truth is that exports are way down all over the world.  China, the United States, South Korea and many other major exporting nations have all been reporting extremely dismal export numbers.  Global trade is contracting quite rapidly, and I don’t see how anyone could possibly dispute that.

The global economy is a mess, but many people are not paying any attention to the economic fundamentals because they are too busy looking at the stock market.

The stock market does not tell us how the economy is doing.  If the stock market is up today that does not mean that the economy is doing well, and if the stock market is down tomorrow that does not mean that it is doing poorly.

Yes, the health of the financial markets can greatly affect the overall economy.  We saw this back in 2008.  When there is a tremendous amount of panic, that can cause a credit crunch and make it very difficult for money to flow through our system.  The end result is a rapid slowdown of economic activity, and it is something that we will be experiencing again very soon.

But don’t let the day to day fluctuations of the stock market fool you.  Just because the Dow was up 227 points today does not mean that the crisis is over.  It is important to remember that stocks are not going to go down every single day.  On Thursday, the Dow didn’t even regain two-thirds of what it lost on Wednesday.  Even in bear markets there are up days, and some of the biggest up days in stock market history were right in the middle of the crash of 2008.

It is critical that we take a long-term view of things and not let our vision be clouded by every tick up and down in the financial markets.  Initial jobless claims just hit their highest level in about six months, and companies like Macy’s and GoPro are laying off thousands of workers.  Things are already bad, and they are rapidly getting worse.

And let us not forget the great amount of financial carnage that has already happened so far this year.  According to CNBC, approximately 3.2 trillion dollars of stock market wealth was wiped out globally during the first 13 days of 2016…

Almost $3.2 trillion has been wiped off the value of stocks around the world since the start of 2016, according to calculations by a top market analyst.

It has also been the worst-ever start to a year for U.S. equities, said Howard Silverblatt, senior index analyst at S&P Dow Jones Indices, as both the S&P 500 and the blue-chip Dow Jones industrial average have posted their steepest losses for the first eight days trading of a year.

Over the past six months, there have now been two 10 percent “corrections” for U.S. stocks.  The only other times we have seen multiple corrections like this were in 1929, 2000 and 2008.  If those years seem familiar to you, that is because they should.  In all three years, we witnessed historic stock market crashes.

The stunning collapse of the Baltic Dry Index is just more evidence that we have entered a global deflationary crisis.  Goods aren’t moving, unemployment is rising all over the planet, and commodity prices have fallen to levels that we have not seen in over a decade.

Around the globe, there have been dramatic stock market crashes to begin the year, and we should expect to see much more market turmoil during the weeks and months to come.

If the markets have calmed down a bit for the moment, we should be very thankful for that, because we could all use some additional time to prepare for what is coming.

The debt-fueled standard of living that so many of us are enjoying today is just an illusion.  And many of us won’t even understand what we have been taking for granted until it is taken away from us.

A great shaking is coming to the global economy, and the pain is going to be unimaginable.  So let us enjoy every single day of relative “normalcy” while we still can, because there aren’t too many of them left.


Michael T. Snyder is a graduate of the McIntire School of Commerce at the University of Virginia and has a law degree and an LLM from the University of Florida Law School. He is an attorney that has worked for some of the largest and most prominent law firms in Washington D.C. and who now spends his time researching and writing and trying to wake the American people up. You can follow his work on The Economic Collapse blog, The Most Important News, End of the American Dream and The Truth Wins. His new novel entitled “The Beginning Of The End” is now available on Amazon.com.

The U.S. Is At The Center Of The Global Economic Meltdown

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While the economic implosion progresses this year, there will be considerable misdirection and disinformation as to the true nature of what is taking place. As I have outlined in the past, the masses were so ill informed by the mainstream media during the Great Depression that most people had no idea they were actually in the midst of an “official” depression until years after it began. The chorus of economic journalists of the day made sure to argue consistently that recovery was “right around the corner.” Our current depression has been no different, but something is about to change.

Unlike the Great Depression, social crisis will eventually eclipse economic crisis in the U.S. That is to say, our society today is so unequipped to deal with a financial collapse that the event will inevitably trigger cultural upheaval and violent internal conflict. In the 1930s, nearly 50% of the American population was rural. Farmers made up 21% of the labor force. Today, only 20% of the population is rural. Less than 2% work in farming and agriculture. That’s a rather dramatic shift from a more independent and knowledgeable land-utilizing society to a far more helpless and hapless consumer-based system.

What’s the bottom line? About 80% of the current population in the U.S. is more than likely inexperienced in any meaningful form of food production and self-reliance.

The rationale for lying to the public is certainly there. Economic and political officials could argue that to reveal the truth of our fiscal situation would result in utter panic and immediate social breakdown. When 80% of the citizenry is completely unprepared for a decline in the mainstream grid, a loss of savings through falling equities and a loss of buying power through currency destruction, their first response to such dangers would be predictably uncivilized.

Of course, the powers-that-be are not really interested in protecting the American people from themselves. They are interested only in positioning their own finances and resources in the most advantageous investments while using our loss and fear to extract more centralization, more control and more consent. Thus, the hiding of economic decline is enacted because the decline itself is useful to the elites.

And just to be clear for those who buy into the propaganda, the U.S. is indeed in a speedy decline.

In ‘Lies You Will Hear As The Economic Collapse Progresses’, published in summer of last year, I predicted that “Chinese contagion” would be used as the scapegoat for the downturn in order to hide the true source: American wealth destruction. Today, as the Dow and other markets plummet and oil markets tank due to falling demand and glut inventories, all we seem to hear from the mainstream talking heads and the people who parrot them in various forums is that the U.S. is the “only stable economy by comparison” and the rest of the world (mainly China) is a poison to our otherwise exemplary financial health. This is delusional fiction.

The U.S. is the No. 1 consumer market in the world with a 29% overall share and a 21% share in energy usage, despite having only 5 percent of the world’s total population. If there is a global slowdown in consumption, manufacturing, exports and imports, then the first place to look should be America.

Trucking freight in the U.S. is in steep decline, with freight companies pointing to a “glut in inventories” and a fall in demand as the culprit.

Morgan Stanley’s freight transportation update indicates a collapse in freight demand worse than that seen during 2009.

The Baltic Dry Index, a measure of global freight rates and thus a measure of global demand for shipping of raw materials, has collapsed to even more dismal historic lows. Hucksters in the mainstream continue to push the lie that the fall in the BDI is due to an “overabundance of new ships.” However, the CEO of A.P. Moeller-Maersk, the world’s largest shipping line, put that nonsense to rest when he admitted in November that “global growth is slowing down” and “[t]rade is currently significantly weaker than it normally would be under the growth forecasts we see.”

Maersk ties the decline in global shipping to a FALL IN DEMAND, not an increase in shipping fleets.

This point is driven home when one examines the real-time MarineTraffic map, which tracks all cargo ships around the world. For the past few weeks, the map has remained almost completely inactive with the vast majority of the world’s cargo ships sitting idle in port, not traveling across oceans to deliver goods. The reality is, global demand has fallen down a black hole, and the U.S. is at the top of the list in terms of crashing consumer markets.

To drive the point home even further, the U.S. is by far the world’s largest petroleum consumer. Therefore, any sizable collapse in global oil demand would have to be predicated in large part on a fall in American consumption. Oil inventories are now overflowing, indicating an unheard-of crash in energy use and purchasing.

U.S. petroleum consumption was actually lower in 2014 than it was in 1997 and 25% lower than earlier projections predicted. A large part of this reduction in gas use has been attributed to fewer vehicle miles traveled. Though oil markets have seen massive price cuts, the lack of demand continued through 2015.

This collapse in consumption is reflected partially in newly adjusted 4th quarter GDP forecasts by the Federal Reserve, which are now slashed down to 0.7%.  And remember, Fed and government calculate GDP stats by counting government spending of taxpayer money as “production” or “commerce”.  They also count parasitic programs like Obamacare towards GDP as well.  If one were to remove government spending of taxpayer funds from the equation, real GDP would be far in the negative.  That is to say, if the fake numbers are this bad, then the real numbers must be horrendous.

And finally, let’s talk about Wal-Mart. There is a good reason why mainstream pundits are attempting to marginalize Wal-Mart’s sudden announcement of 269 store closures, 154 of them within the U.S. with at least 10,000 employees being laid off. Admitting weakness in Wal-Mart means admitting weakness in the U.S. economy, and they don’t want to do that.

Wal-Mart is America’s largest retailer and largest employer. In 2014, Wal-Mart announced a sweeping plan to essentially crush neighborhood grocery markets with its Wal-Mart Express stores, building hundreds within months. Today, those Wal-Mart Express stores are being shut down in droves, along with some supercenters. Their top business model lasted around a year before it was abandoned.

Some in the mainstream argue that this is not necessarily a sign of economic decline because Wal-Mart claims it will be building 200 to 240 new stores worldwide by 2017. This is interesting to me because Wal-Mart just suffered its steepest stock drop in 27 years on reports that projected sales will fall by 6% to 12% for the next two years.

It would seem to me highly unlikely that Wal-Mart would close 154 stores in the U.S. (269 stores worldwide) and then open 240 other stores during a projected steep crash in sales that caused the worst stock trend in the company’s history. I think it far more likely that Wal-Mart executives are attempting to appease shareholders with expansion promises they do not plan to keep.

I am going to call it here and now and predict that most of these store sites will never see construction and that Wal-Mart will continue to make cuts, either with store closings, employee layoffs or both.

As the above data indicates, global demand is disintegrating; and the U.S. is a core driver.

The best way to sweep all these negative indicators under the rug is to fabricate some grand idea of outside threats and fiscal dominoes. It is much easier for Americans to believe our country is being battered from without rather than destroyed from within.

Does China have considerable fiscal issues including debt bubble issues? Absolutely. Is this a catalyst for global collapse? No. China’s problems are many but if there is a first “domino” in the chain, then the U.S. economy claims that distinction.

China is the largest exporter in the world, not the largest consumer. If anything, a crash in China’s economy is only a REFLECTION of an underlying collapse in U.S. demand for Chinese goods (among others). That is to say, the mainstream dullards have it backward; a crash in China is a herald of a larger collapse in U.S. markets. A crash in China is a symptom of the greater fiscal disease in America. The U.S. is the primary cause; it is not the victim of Chinese contagion. And the crisis in the U.S. will ultimately be far worse by comparison.

I wrote in ‘What Fresh Horror Awaits The Economy After Fed Rate Hike?’, published before Christmas:

“Market turmoil is a guarantee given the fact that banks and corporations have been utterly reliant on near-zero interest rates and free overnight lending from the Fed. They have been using these no-cost and low-cost loans primarily for stock buybacks, purchasing back their own stocks and reducing the number of shares on the market, thereby artificially elevating the value of the remaining shares and driving up the market as a whole. Now that near-zero lending is over, these banks and corporations will not be able to afford constant overnight borrowing, and the buybacks will cease. Thus, stock markets will crash in the near term.

This process has already begun with increased volatility leading up to and after the Fed rate hike. Watch for far more erratic stock movements (300 to 500 points or more) up and down taking place more frequently, with the overall trend leading down into the 15,000-point range for the Dow in the first two quarters of 2016. Extraordinary but short lived positive increases in the markets will occur at times (Christmas and New Year’s tend to result in positive rallies), but shock rallies are just as much a sign of volatility and instability as shock crashes.”

Markets moved immediately into crash territory after the new year began. This was an easy prediction to make and one that I have been reiterating for months — just as the timing of the Fed rate hike was an easy prediction to make, based on the Fed’s history of deliberately increasing instability through bad policy as the economy moves into deflationary spirals. The Fed did it during the Great Depression and is doing it again today.

It is no coincidence that global markets began to tank after the first Fed rate hike; no-cost overnight lending to banks and corporations was the key to maintaining equities in a relatively static position.  As the U.S. loses momentum, the world loses momentum.  As the Fed ends outright stimulation and manipulation, the house of cards falls.

I have said it many times and I’ll say it yet again: If you think the Fed’s motivation is to prolong or protect the U.S. economy and currency, then you will never understand why it takes the policy actions it does. If you understand and accept the fact that the Fed is a saboteur working carefully and incrementally toward the destruction of the U.S. to make way for a new globally centralized system, everything falls into place.

To summarize, the U.S. economy as we know it is not slated to survive the next few years. Read my article ‘The Economic Endgame Explained’ for more in-depth information on why a collapse is being engineered and what the openly admitted goal is, including the referenced 1988 article from The Economist titled “Get Ready A World Currency In 2018,” which outlines the plan for a reduction of the dollar and the U.S. system in order to make way for a global basket reserve currency (Special Drawing Rights).

It is astonishingly foolish to assume that even though the U.S. has held the title of king of global consumption share for decades, that our economy is somehow not a primary faulty part in the sputtering global economic engine.  Economies are falling because demand is falling.   Demand is falling because Americans are not buying.  Americans are not buying because Americans are broke. Americans are broke because central bank policy has created an environment of wealth destruction. This wealth destruction in the U.S. has been ongoing, but only now is it becoming truly visible.  The volatility we see in developing nations is paltry compared to the financial chaos we now face.  Anyone who attempts to dismiss the dangers of a U.S. breakdown or the threat to the unprepared public is either an idiot, or they are trying to divert and distract you from reality. The coming months will undoubtedly verify this.

If you would like to support the publishing of articles like the one you have just read, visit our donations page here.  We greatly appreciate your patronage.

Brandon Smith is the founder of the Alternative Market Project, an organization designed to help you find like-minded activists and preppers in your local area so that you can network and construct communities for barter and mutual aid. Join www.Alt-Market.com today and learn what it means to step away from the unstable mainstream system and build something better. You can contact Brandon Smith at: [email protected].

Still Think The Economy Is “Recovering”? Walmart Is Closing 269 Stores, Including These

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The economy is collapsing around us, and if you aren’t already prepared, it’s time to get with it ASAP, because Wal-Mart is closing 269 stores. If that doesn’t ring loud, clanging warning bells for you, then nothing will convince you of the need to prepare for economic collapse.

If you listened to the State of the Union address (listen for free) last week, you heard President Obama accuse those who criticized the financial situation in the United States of  “peddling fiction.” However, with oil prices plummeting, stock markets around the globe tanking, and businesses shutting their doors left and right, it seems that the only peddler of false tales is our fearless leader himself. When the biggest retailer in America is struggling to stay afloat, I call BS (Baloney Sandwiches) on the notion that “our economy is recovering.”

Since last year, Wal-Mart, that ubiquitous symbol of American discount retail and bad taste, has seen its stock value plummet an almost unfathomable $80 billion.

Walmart Is Closing 269 Stores

Today, it was announced that Wal-Mart is closing 269 stores across the globe by the end of January. (Or as they like to call it, they are “sharpening their portfolio.” These stores are the ones in the United States.

#2173: 14331 Count Rd. 99, Headland, AL 1/28/2016 #2524: 5502 Monterey Hwy, San Jose, CA 1/28/2016
#2011: 18 Apple Way, Ashford, AL 1/28/2016 #2949: 151 E 5th St., Long Beach, CA 1/28/2016
#2165: 952 E. Lawrence Harris Hwy, Slocomb, AL 1/28/2016 #5457: 8400 Edgewater Drive, Oakland, CA 1/17/2016
#2186: 407 West Washington St., Abbeville, AL 1/28/2016 #2960: 4101 Crenshaw Blcd., Los Angeles, CA 1/17/2016
#2235: 6361 Hwy 72 East Gurley, AL 1/28/2016 #3507: 2701 Port Covington Drive, Baltimore, MD 1/17/2016
#2260: 87395 US Hwy 278, Snead, AL 1/28/2016 #3496: 5825 W Hope Ave., Milwaukee, WI 1/28/2016
#3769: 3530 Cathedral Caverns Hwy, Grant, AL 1/28/2016
#3779: 10188 Hwy 431 South, New Hope, AL 1/28/2016 Supercenter Date closed to public
#2498: 720 N Hwy 71, Mansfield, AR 1/28/2016 #3814 6525 Glacier Hwy, Juneau, AK 2/5/2016
#2578: 3500 Mulberry Hwy 64 W, Mulberry, AR 1/28/2016 #763: 7201 Aaron Aronov Drive, Fairfield, AL 1/28/2016
#2601: 814 W. Main, Charleston, AR 1/28/2016 #4584: 10400 Highland Rd., Hartland, MI 1/28/2016
#2669: 1531 E Hwy 64, Coal Hill, AR 1/28/2016 #4369: 1010 Martin Luther King Pkwy., Durham, NC 1/28/2016
#3819: 8848 N Hwy 59, Van Buren, AR 1/28/2016 #2837: 4350 N Nellis Blvd., Las Vegas, NV 1/17/2016
#3878: 5 Hwy 124 West, Damascus, AR 1/28/2016 #4342: 22209 Rockside Rd., Bedford, OH 1/28/2016
#4217: 154 E Roller, Decatur, AR 1/28/2016 #2606: 721 US Hwy 321 BYP S Unit, Winnsboro, SC 1/28/2016
#3032: 905 S Gentry Blvd, Gentry, AR 1/28/2016 #883: 14091 FM 490, Raymondville, TX 1/28/2016
#3033: 800 1st Ave SE, Gravette, AR 1/28/2016 #5493: 7480 Padre Island Hwy, Brownsville, TX 1/28/2016
#3034: 881 W Buchanan, Prairie Grove, AR 1/28/2016 #5478: 8201 N FM 620, Austin, TX 1/28/2016
#3358: 1113 S.R. 20, Interlachen, FL 1/28/2016 #597: 7075 FM 1960 Rd W, Houston, TX 1/28/2016
#4265: 1209 East Wade St., Trenton, FL 1/28/2016 #3811: 61 Plaza Drive, Kimball, WV 1/28/2016
#4267: 15726 SE Hwy 19 Cross City, FL 1/28/2016
#4228: 560 S. Broad St., Ellaville, GA 1/28/2016 Neighborhood Market Date closed to public
#4229: 1041 S US Hwy 1, Alma, GA 1/28/2016 #5783: 117 Audubon Drive, Maumelle, AR 1/17/2016
#4234: 155 West Washington Ave., Ashburn, GA 1/28/2016 #5642: 2408 Lincoln Ave., Altadena, CA 1/28/2016
#4251: 398 Barrow Ave SW, Pelham, GA 1/28/2016 #5688: 6820 Eastern Ave., Bell Gardens, CA 1/28/2016
#4254: 907 Marianna Hwy, Donalsonville, GA 1/28/2016 #3086: 701 W Cesar E Chavez Ave., Los Angeles, CA 1/17/2016
#4261: 290 Albany Ave. West, Pearson, GA 1/28/2016 #5690: 2045 E Highland Ave., San Bernardino, CA 1/28/2016
#4263: 142 S. Valdosta Road, Lakeland, GA 1/28/2016 #4173 12120 Carson St., Hawaiian Gardens, CA 1/28/2016
#3065: 3636 N Broadway St., Chicago, IL 1/17/2016 #5002, 8196 West Bowles Ave., Littleton, CO 1/17/2016
#3039: 225 W Chicago Ave., Chicago, IL 1/17/2016 #3021: 2253 S Monaco Pkwy., Denver, CO 1/28/2016
#3369: 900 East Ross Ave., Clearwater, KS 1/28/2016 #2303: 333 N Main St., West Hartford, CT 1/28/2016
#4353: 505 Housatonic St., Burlington, KS 1/28/2016 #5856: 601 N West St. STE 100, Wichita, KS 1/28/2016
#4360: 705 N High School Ave., Columbus, KS 1/28/2016 #5860: 9831 E Harry St., Wichita, KS 1/28/2016
#4361: 1105 East 15th St., Ellsworth, KS 1/28/2016 #5873: 4794 E 13th, Wichita, KS 1/28/2016
#4362: 120 West Rosewood St., Rose Hill, KS 1/28/2016 #3097: 8235 SW Apple Way, Portland, OR 1/17/2016
#4651: 605 Orchard Drive, Hillsboro, KS 1/28/2016 #5995: 17711 Jean Way, Lake Oswego, OR 1/28/2016
#3755: 1445 Old Highway 13, Mamou, LA 1/28/2016 #3306 1220 Gallatin Ave., Nashville, TN 1/28/2016
#4634: 1506 Main St., Colfax, LA 1/28/2016 #3171: 2218 Greenville Ave., Dallas (Greenville), TX 1/28/2016
#3753: 620 North Hwy 26, Lake Arthur, LA 1/28/2016 #3451: 2740 Gessner Rd., Houston, TX 1/28/2016
#3815: 501 West Hwy 90, Iowa, LA 1/28/2016 #5985: 2201 West Southlake Blvd., Southlake, TX 1/28/2016
#3839: 9181 Hwy 67, Clinton, LA 1/28/2016 #4126: 1901 S. Texas Ave., Bryan, TX 1/28/2016
#3849: 920 Avenue G, Kentwood, LA 1/28/2016 #5986: 4268 Legacy Drive, Frisco, TX 1/17/2016
#3879: 1495 Obrie St., Zwolle, LA 1/28/2016 #3030: 3850 N 124th St., Wauwatosa, WI 1/28/2016
#4647: 515 3rd St., Independence, LA 1/28/2016 #3031: N88W15559 Main St., Menomonee Falls, WI 1/28/2016
#4269: 224 E Hwy 76, Anderson, MO 1/28/2016 #5698: S14W22605 Coral Drive, Waukesha, WI 1/28/2016
#4270: 508 N Cliffside Dr., Noel, MO 1/28/2016
#4282: 33597 State Hwy 112, Seligman, MO 1/28/2016 Amigo Date closed to public
#4289: 414 N Elm, Clever, MO 1/28/2016 #2343: 7B Calle Munoz Rivera, Villalba, PR 1/28/2016
#3856: 410 2nd St., Belmont, MS 1/28/2016 #2347: Bo Salto Arriba, Utuado, PR 1/28/2016
#3863: 2795 Hwy 371 N, Mantachie, MS 1/28/2016 #2342: PR 14, Parque Industrial, Coamo, PR 1/28/2016
#3865: 420 E Lee St., Sardis, MS 1/28/2016 #3667: 1 Ave Monserrate STE 1, Carolina, PR 1/28/2016
#3866: 28191 Hwy 15, Walnut, MS 1/28/2016 #3684: Carr 180 KM 0 HM 2, Salinas, PR 1/28/2016
#4294: 519 W Veterans Ave., Derma, MS 1/28/2016 #3689: Centro Com Rio Grande State, Rio Grande, PR 1/28/2016
#4296: 7104 Will Robbins Hwy, Nettleton, MS 1/28/2016 #3697: Carr 165 KM 4.7, Toa Alta, PR 1/28/2016
#3211: 509 Dr. Donnie H. Jones Blvd W, Princeton, NC 1/28/2016
#3249: 511 N Mckinley St., Coats, NC 1/28/2016 Sam’s Club Date closed to public
#5024: 6043 US Hwy 301 S, Four Oaks, NC 1/28/2016 #4903: 941 Grinnell St., Fall River, MA 1/28/2016
#3257: 112 N Main St., Broadway, NC 1/28/2016 #6648: 1110 Fall River Ave., Seekonk, MA 1/28/2016
#5015: 908 E. 4th Ave., Red Springs, NC 1/28/2016 #6665: 495 Summit Drive, Waterford, MI 1/28/2016
#5017: 7670 Clinton Rd., Stedman, NC 1/28/2016 #6681: 25 Pace Blvd., Warwick, RI 1/28/2016
#7207: 1400 B Broad St., Oriental, NC 1/28/2016
#5138: 702 S. Wall St., Benson, NC 1/28/2016
#2500: 945 Monroe St., Carthage, NC 1/28/2016
#2573: 303 S. Goldsboro St., Pikeville, NC 1/28/2016
#6997: 632 W Swannanoa Ave., Liberty, NC 1/28/2016
#3007: 139 N Hwy 49, Richfield, NC 1/17/2016
#3036: 1593 NC Hwy 86 N, Yanceyville, NC 1/28/2016
#3037: 905 SE 2nd St., Snow Hill, NC 1/28/2016
#3080: 182 NC 102 W, Ayden, NC 1/28/2016
#3121: 189 Hickory Tree Rd., Midway, NC 1/28/2016
#3756: 124 E. Columbia St., Okemah, OK 1/28/2016
#4633: 19250 E Hwy 66, Luther, OK 1/28/2016
#2456: 2310 West Main, Prague, OK 1/28/2016
#2462: 1600 West Hwy 66, Stroud, OK 1/28/2016
#3766: 2324 Seran Drive, Wewoka, OK 1/28/2016
#3767: 812 N Clarence Nash Blvd., Watonga, OK 1/28/2016
#1250: 9032 Hwy 14, Gray Court, SC 1/28/2016
#3798: 7013 S Pine St., Pacolet, SC 1/17/2016
#2375: 4718 Nashville Hwy, Chapel Hill, TN 1/28/2016
#2413: 523 N Military St., Loretto, TN 1/28/2016
#4301: 400 North Main St., Cornersville, TN 1/28/2016
#4306: 934 Hwy 79, Dover, TN 1/28/2016
#2345: 721 Dale Evans Drive, Italy, TX 1/28/2016
#2349: 221 S State Hwy 274, Kemp, TX 1/28/2016
#2363: 504 W Pine St., Edgewood, TX 1/28/2016
#2364: 301 Hwy 69 S, Whitewright, TX 1/28/2016
#2410: 122 Commercial Ave., Anson, TX 1/28/2016
#2461: 1003 Telephone Cir., Merkel, TX 1/28/2016
#2779: 5 N 14th St., Haskell, TX 1/28/2016
#2863: 1010 N Main St., Winters, TX 1/28/2016
#3820: 501 N Main, Godley, TX 1/28/2016
#3822: 416 N Third St., Grandview, TX 1/28/2016
#3832: 420 S US 69, Leonard, TX 1/28/2016
#3834: 428 N Dallas St., Palmer, TX 1/28/2016
#4312: 440 E Pine St., Frankston, TX 1/28/2016
#4316: 1787 US Hwy 259 S, Diana, TX 1/28/2016
#4320: 1005 Texas Avenue E, Waskom, TX 1/28/2016
#4327: 870 Taylor St., Hughes Springs, TX 1/28/2016
#4331: 914 North Main St., Lone Star, TX 1/28/2016
#4338: 504 WL Doc Dodson, Naples, TX 1/28/2016
#4343: 12522 Fm 1840, Dekalb, TX 1/28/2016
#4345: 114 Redwater Boulevard West, Maud, TX 1/28/2016

Zero Hedge isn’t shy about pointing fingers toward the last straw for the struggling retail giant: “Behold: the effect of an across the board minimum wage hike.”

Even if you hate Wal-Mart and the corporate greed it stands for, another 16,000 people will find themselves out of work by month’s end.

The financial crisis is also rippling across Canada. As the Canadian dollar declines in value, the effects are felt as prices for imported goods like food and other necessities skyrocket.

Are you prepared for the impending collapse?

If you haven’t been busy preparing already, there really is no time left to lose. Take these steps immediately.

  • Take your money out of the bank ASAP.  If you still keep your money in the bank, go there and remove as much as you can while leaving in enough to pay your bills. Although it wasn’t a market collapse in Greece recently, the banks did close and limit ATM withdrawals.  People went for quite some time without being able to access their money, but were able to have a sense of normalcy by transferring money online to pay bills or using their debit cards to make purchases.  Get your cash out. You don’t want to be at the mercy of the banks.
  • Stock up on supplies.  Make sure you are prepped. If you’re behind on your preparedness efforts and need to do this quickly, you can order buckets of emergency food just to have some on hand. (Learn how to build an emergency food supply using freeze dried food HERE) Hit the grocery store or wholesale club and stock up there, too, on  your way home. Once you have these emergency supplies stashed, focus on filling in the gaps in your supply as quickly as you can.
  • Load up on fuel.  Fill up your gas tank and fill your extra cans also. Right now, the price of oil is dropping. Use that as an opportunity to stock up, because quite often, fuel prices skyrocket in the wake of a market crash. Be sure to store it properly for both safety and longevity.
  • Be prepared for the potential of civil unrest. If the banks put a limit on withdrawals (or close like they did in Greece) you can look for some panic to occur. If the stores dramatically increase prices or close..more panic. Be armed and be prepared to stay safely at home. (Although this article was written during the Ferguson race riots, civil unrest follows a similar pattern regardless of the cause.)
  • Be prepared for the possibility of being unable to pay your bills. If things really go downhill, the middle class and those who are the working poor will be the most strongly affected, as they have been in Greece during that country’s ongoing financial crisis.  This article talks about surviving if you are unable to pay all of your bills.

Is your local store on the list?

I don’t do much shopping at Wal-Mart, because I dislike their corporate ethics. (I know, complete oxymoron. Sometimes I find myself limited by the English language.) However, the loss of these massive stores will cause an immediate crisis in many communities in which they’ve driven all of the Mom and Pop stores out of business. Locals will have no choice but to travel to purchase their necessities, the unemployment lines will swell, and our already thinly stretched social assistance system is likely to reach the breaking point.

Resources for Preparing for Financial Collapse:

Good luck, friends. I hope you’re ready.


Daisy Luther is a freelance writer and editor who lives in a small village in the Pacific Northwestern area of the United States. She is the author ofThe Pantry Primer: How to Build a One Year Food Supply in Three Months. On her website, The Organic Prepper, Daisy writes about healthy prepping, homesteading adventures, and the pursuit of liberty and food freedom. Daisy is a co-founder of the website Nutritional Anarchy, which focuses on resistance through food self-sufficiency. Daisy’s articles are widely republished throughout alternative media. You can follow her on Facebook, Pinterest, and Twitter, and you can email her at [email protected]

The Financial Crisis Of 2016 Rolls On – China, Oil, Copper And Junk Bonds All Continue To Crash

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Never before have we seen a year start like this.  On Monday, Chinese stocks crashed once again.  The Shanghai Composite Index plummeted another 5.29 percent, and this comes on the heels of two historic single day crashes last week.  All of this chaos over in China is one of the factors that continues to push commodity prices even lower.  Today the price of copper fell another 2.40 percent to $1.97, and the price of oil continued to implode.  At one point the price of U.S. oil plunged all the way down to $30.99 a barrel before rebounding just a little bit.  As I write this article, oil is down a total of 6.12 percent for the day and is currently sitting at $31.13.  U.S. stocks were mixed on Monday, but it is important to note that the Russell 2000 did officially enter bear market territory.  This is yet another confirmation of what I was talking about yesterday.  And junk bonds continue to plummet.  As I write this, JNK is down to 33.42.  All of these numbers are huge red flags that are screaming that big trouble is ahead.  Unfortunately, the mainstream media continues to insist that there is absolutely nothing to be concerned about.

A little over a year ago, I wrote an article that explained that anyone that believed that low oil prices were good for the economy was “crazy“.  At the time, many people really didn’t understand what I was trying to communicate, but now it is becoming exceedingly clear.  On Monday, one veteran oil and gas analyst told CNBC that “half of U.S. shale oil producers could go bankrupt” over the next couple of years…

Half of U.S. shale oil producers could go bankrupt before the crude market reaches equilibrium, Fadel Gheit, said Monday.

The senior oil and gas analyst at Oppenheimer & Co. said the “new normal oil price” could be 50 to 100 percent above current levels. He ultimately sees crude prices stabilizing near $60, but it could be more than two years before that happens.

By then it will be too late for many marginal U.S. drillers, who must drill into and break up shale rock to release oil and gas through a process called hydraulic fracturing. Fracking is significantly more expensive than extracting oil from conventional wells.

Since the last recession, the energy industry has been the number one producer of good paying jobs in this country.

Now that those firms are starting to drop like flies, what is that going to mean for employment in America?

Just today, a huge coal company filed for bankruptcy, and so did a U.S. unit of commodity trading giant Glencore.  The following comes from Zero Hedge

While the biggest bankruptcy story of the day is this morning’s chapter 11 filing by Arch Coal, one which would trim $4.5 billion in debt from its balance sheet while handing over the bulk of the post-reorg company to its first-lien holders as part of the proposed debt-for-equity exchange, the reality is that the Arch default was widely anticipated by the market.

However, another far less noted and perhaps far more significant bankruptcy filing was that of Sherwin Alumina Co., a U.S. unit of commodity trading giant Glencore PLC, whose troubles have been extensively detailed on these pages. The stated reason for this far more troubling chapter 11 was “challenging market conditions” which is one way to describe an industry in which just one remaining U.S. smelter will be left in operation after Alcoa shut down its Warrick Country smelting ops last week.

A spokesman for Glencore, which owns the entire business, said the commodities producer and trader is “supportive of the restructuring process undertaken by Sherwin and is hopeful of an outcome that will allow for the continued operation of the Sherwin facility.”

We desperately need prices for oil and other commodities to rebound significantly.  Unfortunately, that does appear to be likely to happen any time soon.  In fact, according to CNN we could soon see the price of oil fall quite a bit more…

The strengthening U.S. dollar could send oil plunging to $20 per barrel.

That’s the view of analysts at Morgan Stanley. In a report published Monday, they say a 5% increase in the value of the dollar against a basket of currencies could push oil down by between 10% and 25% — which would mean prices falling by as much as $8 per barrel.

If prices for oil and other commodities keep falling, what is going to happen?

Well, Gina Martin Adams of Wells Fargo Securities says that what is happening right now reminds her of the correction of 1998

Recent market volatility has dredged up memories of previous times of turmoil, most notably the 2008 crisis. But Gina Martin Adams of Wells Fargo Securities has been reminded of another, less dramatic correction year — 1998.

Adams posits that the current economic environment is suffering from themes that also played out in 1998, including falling oil prices, a rising U.S. dollar and troubles in emerging markets. Consequently, stocks may see a similar move to the 1998 correction, which saw a 20 percent drop for stocks over six weeks.

To me, it is much more serious than that.  Just before U.S. stocks crashed horribly in 2008, we saw Chinese stocks crash, the price of oil crashed, commodity prices crashed, and junk bonds crashed really hard.

All of those things are happening again, and yet most of the “experts” continue to refuse to see the warning signs.

In fact, the mainstream media is full of articles that are telling people not to panic while the financial markets crumble all around them…

There’s no need to make big moves in response to the recent volatility. “Regular folks should take on a long-term view and avoid trying to anticipate short-term market movements,” says Stephen Horan, the managing director of credentialing at CFA Institute. “There is almost no evidence to suggest that professionals can do it effectively and a plethora of evidence suggesting individuals do it poorly.”

They want “regular folks” to keep holding on to their investments as the “smart money” dumps their stocks at a staggering pace.

A little more than six months ago, I predicted that “our problems will only be just beginning as we enter 2016″, and that is turning out to be dead on correct.

The financial crisis that began during the second half of last year is greatly accelerating, and yet most of the population continues to be in denial even though the average stock price has already fallen by more than 20 percent.

Hopefully it will not take another 20 percent decline before people begin to wake up.


Michael T. Snyder is a graduate of the McIntire School of Commerce at the University of Virginia and has a law degree and an LLM from the University of Florida Law School. He is an attorney that has worked for some of the largest and most prominent law firms in Washington D.C. and who now spends his time researching and writing and trying to wake the American people up. You can follow his work on The Economic Collapse blog, The Most Important News, End of the American Dream and The Truth Wins. His new novel entitled “The Beginning Of The End” is now available on Amazon.com.

Top Bank Issues Cataclysmic Warning To American Can Expect (VIDEO)

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By now your ears are tirelessly ringing by the repeated conversations of a coming economic crisis spoken of by top economists, alternative news sources, and your every day average joe. The talks have gotten so excessive that when one hears the term “crisis” they no longer grasp the impacts it will have when it finally does make its lasting blow.

The truth is, it is going to hit, and when it does, it will have catastrophic effects on our economy. 

In fact the 20th largest bank in the entire world, Royal Bank of Scotland, has just urged investors to “Sell everything” and that “2016 is going to be a cataclysmic year for the economy.”

With warnings like these one can’t help but ponder the idea that the economic crisis is truly right around the corner, if not already here, especially considering the latest 1,500 drop in the DOW just in 2016 alone.

Here is more on this breaking report…

For More Information See:

Zero Hedge- http://www.zerohedge.com/news/2016-01-13/canadians-panic-food-prices-soar-collapsing-currency

CNN Money- http://money.cnn.com/2016/01/12/investing/stocks-lose-1-trillion-2016/index.html

Daily Mail- http://www.dailymail.co.uk/news/article-3396092/RBS-issues-sell-alert-fears-mount-10-oil-price.html

Infowars- http://www.infowars.com/dow-jones-loses-over-1500-points-in-only-10-days/

Daily Job Cuts-  http://www.dailyjobcuts.com/


Lisa Haven is an independent Christian news analysis and one of the top contributors on www.BeforeItsNews.com. She is also author of www.LisaHavenNews.net and runs her own youtube channel (Lisa Haven) with tens-of-thousands of views per day. Digging deep and finding truth is what she lives for. Her passion is to spread truth no matter where it lies. She covers everything from martial law, to FEMA camps, to end time bible prophecy, to government documents and much more! Before launching her journalism career, she wrote many bible studies and lead women ministries for a number of years. She will also complete her ministry degree at International School of Ministry this year.

The Whole Thing Is About To Come Unhinged: 6 Ways To Prepare For The Next Collapse

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Since the last great recession of 2008, economic forecasters and preppers alike have warned of the bottom dropping out of the economy. The proverbial doom prediction of “it’s not if, but when” was used for years as a call to action to get ready for a much larger economic disaster. Well folks, it seems that history is repeating itself. This week, George Soros cautioned the public of an impending economic crisis.

Speaking at an economic forum in Sri Lanka’s capital, Colombo, he told an audience that China is struggling to find a new growth model and its currency devaluation is transferring problems to the rest of the world, according to media. He added that a return to rising interest rates was proving difficult for the developing world.

The current environment reminded him of the “crisis we had in 2008,”The Sunday Times in Sri Lanka reported on Thursday morning. “China has a major adjustment problem,” he added, according to Bloomberg. “I would say it amounts to a crisis.”

The Reality is Stark and the Consequences are Clear

For years, Mac Slavo of SHTFPlan fervently warned his readers to stock up on physical assets and to prepare. His weekly economic posts proved of economic strife, but many believed he was all hype. It seems the day is finally here and we are looking at the possibility of this crisis being more unforgiving than its predecessor.

Mac states, “All you have to do is look around. The signs are everywhere. There is an industrial recession in China, lackluster holiday sales prove there is a consumer recession in the United States, real estate is stalled and is re-collapsing and stock markets around the world are set to buckle. If you’ve yet to prepare, the time is now because the whole thing is about to come unhinged.

What is about to occur is mirroring what happened in 2008. In fact, given the many national and world events that has plagued us in the past, it seems that this looming crisis on the horizon is the perfect storm for disaster.

Mac goes on to warn us. What to expect is to expect the unexpected because uncertainty is the name of the game. We don’t know how far markets will crash, what will happen with the U.S. dollar or what will happen with geopolitical tensions; and our way of life could change literally overnight. In the last 15 years, we’ve seen what systemic breakdown does in countries like Greece, Cyprus, Venezuela and Argentina.

The lessons learned are clear – you better have supplies on hand. In Venezuela, for example, they couldn’t even get toilet paper or condoms. In Greece, people were lining up in droves to get expired food that grocery stores were throwing away, and perhaps just as significantly, access to lifesaving medicine was lost when Greek credit markets were locked up.

The reality is stark and the consequences are clear – there will be panic, confusion and violence. Are you ready for that?

If You’ve Yet to Prepare, the Time is Now

Unlike the recession of 2008, this economic beast will not be held off. There will be extensive amounts of wealth lost leading to drastic cutbacks by consumers. Moreover, you can expect massive  job loss. In 2008 and 2009, the U.S. labor market lost 8.4 million jobs, or 6.1% of all payroll employment. This was the most dramatic employment contraction (by far) of any recession since the Great Depression (Source).

Source: Bureau of Labor Statistics

Source: Bureau of Labor Statistics

As well, you can anticipate food prices to increase even more than they have over the last few years. In fact, the price for food has drastically risen since the last recession; and according to this chart, prices are set to steadily increase with this next crisis.
food-inflation-since-2010-1024x841
As Slavo points out, now is the time to invest in your future so that you can limit your exposure to this potential game changer.

  1. Get prepared. At the very least, buy food, products, and supplies in bulk to help you prepare for price inflation. If you have the means to do so, invest in 30-60 days worth of supplies so that you have everything you need. Having these on hand will help you if times become more difficult. You can use this free online series to begin creating a personal step-by-step preparedness plan for your family; or, buy the best-selling book, The Prepper’s Blueprint to use as a reference in your preparations. As well, if you can manage, get out of debt, organize your finances and find ways to free up some of your income for an emergency fund to help you create a personal safety net.
  2. Preserve wealth. Choose hard assets (dry goods, precious metals, land, livestock, skills, etc.) for long-term investments so they will hold their intrinsic value over time. Holding these types of investments will insulate you from inflation and other economic issues. Further, tying your money up in assets will help you avoid the inflating prices of food sources in the future, thus furthering your cause of self-reliant living.
  3. Invest in food. One thing analysts and financial pundits agree on is that, in general, commodities will continue to rise. When others are buying foods at inflated prices, you will be consuming your investment when it was purchased at a lower price. Using a combination of shelf stable foods, you can create a well-rounded food supply to depend on when an emergency arises. Further, these foods last a lifetime and would make sound investments for future planning. Ideally, you want to store shelf-stable foods that your family normally consumes, as well as find foods that are multi-dynamic and serve many purposes. Dry goods like rice, wheat, beans, salt, honey, and dry milk will provide you with an investment that will grow in value as prices rise, and also offer you peace of mind in case the economy further degrades. This  food storage calculator can show you how much food should you need to store. As well, read Emergency Items: What Will Disappear First for more ideas.
  4. Learn how to grow your own food. In a homestead environment, a person wants the land to work for them as much as possible. Invest in fruit trees, seeds, and garden supplies. If you really want these peak foods, find a way to grow them yourself. Further, if you live in a rural area, consider investing in trees and bushes that will lure wild game. The trees and bushes can provide you with added sustenance and help you stock meat in your freezer. Here is a how-to guide for creating a garden quickly.
  5. Raise your own food. Rather than paying hard-earned money at the store for eggs, poultry and dairy—raise them yourself. Chickens are very easy to care for and can provide you with meat and eggs throughout the year. Additionally, you can find substitutions for these peak foods with a little research and ingenuity. For example, rabbits would be a suitable protein replacement and can even be raised in more urban areas. Similar to chickens, they don’t require much care and with some effort can be fed from the homestead’s garden or you can grow fodder. They are also great breeders and will provide you with ample amounts of meat. These are the 10 best meat rabbit breeds. As well, for the modest price of purchasing a fishing license, you can stock your freezer with fresh-caught fish.
  6. It all adds up. Again, do what you can to pay off debts ahead of time and work to restructure your outgoing funds to lower your expenses as much as possible. Debt only enslaves you further, and finding ways to detach from the system will break those shackles. As well, look into finding additional income streams. The more income you can set aside, the better off you will be. That way, if your main income dries up, you have a fall back income and won’t have to go into default.

We Have a Choice

This economic crisis is projected to hit much harder than the 2008 recession and will last longer. The truth of the matter is that we stand at the brink of a precipice and the choice is yours to make: you can ignore the tell-tale signs or get ready and brace yourselves for it. It’s time to get ready because it’s about to get real.


Tess Pennington is the editor for ReadyNutrition.com. After joining the Dallas chapter of the American Red Cross in 1999, Tess worked as an Armed Forces Emergency Services Center specialist and is well versed in emergency and disaster management and response. Tess is the author of The Prepper’s Cookbook: 300 Recipes to Turn Your Emergency Food into Nutritious, Delicious, Life-Saving Meals. When a catastrophic collapse cripples society, grocery store shelves will empty within days. But by following Tess’s tips for stocking, organizing, and maintaining a proper emergency food supply, your family will have plenty to eat for weeks, months, or even years.

2016 And BANG! Global Economy Spiraling Out Of Control Causing Mass Panic -Agenda? (VIDEO)

Financial-Crisis

So many things are heating up around the world and time is running out for people to prepare and ready themselves for what’s ahead. Financial analysis’s are asking if 2016 will be the year the economy finally crashes or if it will hold out for another few years. China, for the second time this week, has experienced a 7% crash causing mass devastation across the globe. In the U.S. our stock market is already sitting at a 328 point drop in the DOW and this entire week has been nothing but bad news for Wall Street.

All this to say we are on the brink, if not already in the cusp, of some pretty major events and we need to ready ourselves spiritually, mentally and physically. In 2013 the US government revealed their plans of mass surveillance, in 2014 the US government revealed their plans of a police state, in 2015 they revealed their plans to federalize states and 2016 just might be the unveiling of the economy. 

I highly encourage you to watch the video below in its entirety as it contains vital information about what could be ahead….

 

For More Information See:

http://kingworldnews.com/collapse-accelerates-worldwide-panic-increases-as-historic-super-bubbles-burst/

http://www.nasdaq.com/article/us-stock-futures-plummet-in-sympathy-with-china-and-oil-cm562356

https://www.superstation95.com/index.php/world/74

https://themuslimissue.wordpress.com/2015/12/29/the-total-collapse-of-saudi-arabia-is-inevitable/

http://money.cnn.com/data/markets/

http://theeconomiccollapseblog.com/archives/stock-markets-all-over-the-world-crash-as-we-begin-2016

http://nymag.com/daily/intelligencer/2016/01/the-economy-falling-apart.html#

http://theeconomiccollapseblog.com/

http://money.cnn.com/data/world_markets/americas/]

Macys  http://www.syracuse.com/business-news/index.ssf/2016/01/macys_closing_stores_list_locations.html


Lisa Haven is an independent Christian news analysis and one of the top contributors on www.BeforeItsNews.com. She is also author of www.LisaHavenNews.net and runs her own youtube channel (Lisa Haven) with tens-of-thousands of views per day. Digging deep and finding truth is what she lives for. Her passion is to spread truth no matter where it lies. She covers everything from martial law, to FEMA camps, to end time bible prophecy, to government documents and much more! Before launching her journalism career, she wrote many bible studies and lead women ministries for a number of years. She will also complete her ministry degree at International School of Ministry this year.

Stock Markets All Over The World Crash As We Begin 2016

Stock-World-Fall-Fail-Crash-Globe-Money-Economy1-1024x596

The first trading day of 2016 was full of chaos and panic.  It started in Asia where the Nikkei was down 582 points, Hong Kong was down 587 points, and Chinese markets experienced an emergency shutdown after the CSI 300 tumbled 7 percent.  When European markets opened, the nightmare continued.  The DAX was down 459 points, and European stocks overall had their worst start to a year ever.  In the U.S., it looked like we were on course for a truly historic day as well.  The Dow Jones Industrial Average was down 467 points at one stage, but some very mysterious late day buying activity helped trim the loss to just 276 points at the close of the market.  The sudden market turmoil caught many by surprise, but it shouldn’t have.  The truth is that a whole host of leading indicators have been telling us that this is exactly what should be happening.  The global financial crisis that began in 2015 is now accelerating, and my regular readers already know precisely what is coming next.

The financial turmoil of the last 24 hours is making headlines all over the globe.  It began last night in China.  Very bad manufacturing data and another troubling devaluation of the yuan sent Chinese stocks tumbling to a degree that we have not seen since last August.  In fact, the carnage would have probably been far, far worse if not for a new “circuit breaker” that China recently implemented.  Once the CSI 300 was down 7 percent, trading was completely shut down for the rest of the day.  The following comes from USA Today

Under a new market “circuit breaker” rule in China established last year, which is designed to slow down markets and halt panic in the event of moves of 5% or more, the CSI 300, a large-company stock index in mainland China was halted for 15 minutes in mid-afternoon trading after diving more than 5%. But when shares headed lower once again just minutes after the initial trading halt, and losses for the day swelled to more than 7%, the new circuit breaker rules kicked in, prompting a shutdown of mainland China’s stock market for the day, according to Bloomberg.

After the first 15 minute halt, panic set in as Chinese traders rushed to get out of their trades before the 7 percent circuit breaker kicked in.  This resulted in an absolutely chaotic seven minutes as investors made a mad dash for the exits…

The sell orders piled up fast on Monday at Shenwan Hongyuan Group, China’s fifth-biggest brokerage by market value.

China’s CSI 300 Index had just tumbled 5 percent, triggering a 15-minute trading halt, and stock investors were scrambling to exit before getting locked in by a full-day suspension set to take effect at 7 percent. When the first halt was lifted, the market reaction was swift: it took just seven minutes for losses to reach the limit as volumes surged to their highs of the day.

“Investors rushed to the door during the level-one stage of the circuit breaker as they fretted the market would go down further,” said William Wong, the head of sales trading at Shenwan Hongyuan in Hong Kong.

The financial carnage continued once the European markets opened.  Markets were red all across the continent, and things were particularly bad in Germany.  The DAX was down 459 points, and it is rapidly approaching the psychologically-important 10,000 barrier.  Overall, it was the worst start to a year that the European markets have ever experienced.

When U.S. markets opened, unexpectedly bad U.S. manufacturing data seemed to add fuel to the fire.  Monday morning we learned that our manufacturing sector is contracting at a pace that we haven’t seen since the last recession

America’s manufacturing sector shrank for the second straight month in December. The industry’s key index — ISM — hit 48.2% in December, the lowest mark since June 2009. Anything below 50% is a contraction and a month ago it hit 48.6%.

The index has fallen for six straight months.

The trend is certainly heading in a direction that would ring alarm bells,” says Sam Bullard, senior economist at Wells Fargo.

This is yet another sign that tells us that the U.S. economy has already entered the next recession.

And what happens to the markets during a recession?

They go down.

In addition to the bad data that we got from the U.S. and China, there was another number that was also extremely troubling.

South Korean exports have traditionally been considered a key leading indicator for the entire global economy, and on Monday we learned that they were down a whopping 13.8 percent in December from a year earlier…

One of the more reliable indicators of the global economy continues to confirm fears of a worldwide slowdown.

South Korean exports — also referred to as the world’s economic canary in the coal mine — fell 13.8% in December from a year earlier.

This was a deterioration from the 4.8% decline in November, and it was much worse than the 11.7% decline expected by economists.

The “nothing is happening” crowd may not be willing to admit it yet, but the truth is that a major global economic slowdown is already happening.

And what happened to global markets today is perfectly consistent with the longer term patterns that have been emerging over the past six months or so.

In the weeks and months to come, things are going to get even worse.  There will always be days when the markets are up, but don’t let those days fool you into thinking that the crisis is over.  In the western world we are so accustomed to 48 hour news cycles, and many of us seem to be incapable of focusing on trends that develop over longer periods of time.

If I was going to put together a scenario for a global financial crisis for a textbook, what we have seen over the past six months or so would be perfect.  Things are playing out exactly how they should be, and that means big trouble for the rest of 2016.

But that doesn’t mean that we have to live in fear.  In fact, I just wrote an entire article entitled “2016: A Year For Living With No Fear“.  It is when times are at their worst that our character is put to the test.  Some will respond to what happens in 2016 with courage and strength, and others will respond with fear and panic.

As things start falling apart all around us this year, how will you respond?


Michael T. Snyder is a graduate of the McIntire School of Commerce at the University of Virginia and has a law degree and an LLM from the University of Florida Law School. He is an attorney that has worked for some of the largest and most prominent law firms in Washington D.C. and who now spends his time researching and writing and trying to wake the American people up. You can follow his work on The Economic Collapse blog, End of the American Dream and The Truth Wins. His new novel entitled “The Beginning Of The End” is now available on Amazon.com.

The Rise Of The Temp Economy: More U.S. Employers Than Ever Want A ‘Disposable Workforce’

jobs

In this day and age it seems like almost everything is disposable, and many employers have found that they can make a lot more money if they have a workforce that can be turned on and off like a faucet. In America today, there are more than 17 million “independent workers”, and they represent a bigger share of the workforce than ever before. Federal laws give a lot of protection to “full-time workers”, but for temporary and contract employees it is a much different story. Temp workers don’t get health insurance, vacation time or retirement benefits. They are simply paid for the limited amount of time that they are needed and then they are disposed of immediately. There has always been a role for such workers in our economy, but these days some of the biggest corporations in the entire country are getting rid of “full-time workers” and replacing them with temp workers just so that they can make a few extra bucks. As a result, the ranks of the “working poor” continue to expand, and the decline of the middle class is accelerating.

Steven Hill, a senior fellow with the New America Foundation and the author of “Raw Deal: How the Uber Economy and Runaway Capitalism Are Screwing American Workers“, says that the rise of the “1099 economy” is fundamentally shifting the balance of power between employers and employees

This practice has given rise to the term “1099 economy,” since these employees don’t file W-2 income tax forms like any regular, permanent employee; instead, they receive the 1099-MISC form for an IRS classification known as “independent contractor.” The advantage for a business of using 1099 workers over W-2 wage-earners is obvious: an employer usually can lower its labor costs dramatically, often by 30 percent or more, since it is not responsible for a 1099 worker’s health benefits, retirement, unemployment or injured workers compensation, lunch breaks, overtime, disability, paid sick, holiday or vacation leave and more. In addition, contract workers are paid only for the specific number of hours they spend providing labor, or completing a specific job, which increasingly are being reduced to shorter and shorter “micro-gigs.”

Yes, there have always been temp agencies. And there has always been a need for workers that can come in and do a job on a short-term basis. But today, many of the largest and wealthiest corporations in America are purposely getting rid of “full-time workers” and instead are bringing in “independent contractors” to do the exact same jobs.

In some instances, the full-time workers that get fired are actually brought back as the new “temp workers”

Merck, one of the world’s largest pharmaceutical companies, was a vanguard of this underhanded strategy. When it came under pressure to cut costs, it sold its Philadelphia factory to a company that fired all 400 employees—and then rehired them back as independent contractors. Merck then contracted with the company to carry on making antibiotics for them, using the exact same workers.

An Arizona public-relations firm, LP&G, fired 88 percent of its staff, and then rehired them as freelancers working out of their homes, with no benefits. Even Outmagazine, the most-read gay monthly in the U.S., laid off its entire editorial staff and then rehired most of them as freelancers, without benefits and with salary cuts.

All of those companies should be absolutely disgusted with themselves.

How can the executives responsible for those decisions even sleep at night?

Don’t they understand what they are doing to people?

When you go from being a full-time worker to being on “temp status”, the changes can be quite dramatic. If this has ever happened to you, then you know what I am talking about. Having to pay “the other half” of the payroll tax or having to find your own much more expensive health insurance are just two of the big negatives that “independent contractors” have to face…

Suddenly I was responsible for paying for my own health care, arranging for my own IRAs and saving for my own retirement. I also had to pay the employer’s half of the Social Security payroll tax, as well as Medicare — nearly an extra 8 percent deducted from my income. The costs for my health-care premiums zoomed out of sight, since I was no longer part of a large health-care pool that could negotiate favorable rates.

The decline in the quality of our jobs is a theme that I have revisited repeatedly in my writing. In order for us to have a thriving middle class, we need lots of good paying middle class jobs.

But our economy is not producing many of those jobs. Instead, most of the growth has been in low paying service jobs. The Middle class in the United States is being slowly but surely shredded, and our politicians don’t seem to care. If you doubt that the middle class is falling apart, just check out the following numbers which come from my previous article entitled “Sayonara Middle Class: 22 Stunning Pieces Of Evidence That Show The Middle Class In America Is Dying“…

#1 This week we learned that for the first time ever recorded, middle class Americans make up a minority of the population. But back in 1971, 61 percent of all Americans lived in middle class households.

#2 According to the Pew Research Center, the median income of middle class households declined by 4 percent from 2000 to 2014.

#3 The Pew Research Center has also found that median wealth for middle class households dropped by an astounding 28 percent between 2001 and 2013.

#4 In 1970, the middle class took home approximately 62 percent of all income. Today, that number has plummeted to just 43 percent.

#5 There are still 900,000 fewer middle class jobs in America than there were when the last recession began, but our population has gotten significantly larger since that time.

#6 According to the Social Security Administration, 51 percent of all American workers make less than $30,000 a year.

#7 For the poorest 20 percent of all Americans, median household wealth declined from negative 905 dollars in 2000 to negative 6,029 dollars in 2011.

#8 A recent nationwide survey discovered that 48 percent of all U.S. adults under the age of 30 believe that “the American Dream is dead”.

#9 At this point, the U.S. only ranks 19th in the world when it comes to median wealth per adult.

#10 Traditionally, entrepreneurship has been one of the engines that has fueled the growth of the middle class in the United States, but today the level of entrepreneurship in this country is sitting at an all-time low.

#11 If you can believe it, the 20 wealthiest people in this country now have more money than the poorest 152 million Americans combined.

#12 The top 0.1 percent of all American families have about as much wealth as the bottom 90 percent of all American families combined.

#13 If you have no debt and you also have ten dollars in your pocket, that gives you a greater net worth than about 25 percent of all Americans.

#14 The number of Americans that are living in concentrated areas of high poverty has doubled since the year 2000.

#15 An astounding 48.8 percent of all 25-year-old Americans still live at home with their parents.

#16 According to the U.S. Census Bureau, 49 percent of all Americans now live in a home that receives money from the government each month, and nearly 47 million Americans are living in poverty right now.

#17 In 2007, about one out of every eight children in America was on food stamps. Today, that number is one out of every five.

#18 According to Kathryn J. Edin and H. Luke Shaefer, the authors of a new book entitled “$2.00 a Day: Living on Almost Nothing in America“, there are 1.5 million “ultrapoor” households in the United States that live on less than two dollars a day. That number has doubled since 1996.

#19 46 million Americans use food banks each year, and lines start forming at some U.S. food banks as early as 6:30 in the morning because people want to get something before the food supplies run out.

#20 The number of homeless children in the U.S. has increased by 60 percent over the past six years.

#21 According to Poverty USA, 1.6 million American children slept in a homeless shelter or some other form of emergency housing last year.

#22 The median net worth of families in the United States was $137, 955 in 2007. Today, it is just $82,756.

So is there a solution?

Is our transition to a “1099 economy” inevitable?

Please feel free to share what you think by posting a comment below…


Michael T. Snyder is a graduate of the McIntire School of Commerce at the University of Virginia and has a law degree and an LLM from the University of Florida Law School. He is an attorney that has worked for some of the largest and most prominent law firms in Washington D.C. and who now spends his time researching and writing and trying to wake the American people up. You can follow his work on The Economic Collapse blog, End of the American Dream and The Truth Wins. His new novel entitled “The Beginning Of The End” is now available on Amazon.com.