Prediction: Economic Collapse, Civil Unrest in America by 2016

The New American by Selwyn Duke Violence. Rioting. Looting. Economic collapse and civil unrest. This isn’t a dystopian movie plot, but something else according to an economist with a good track record for prognostication: America’s dark future. The economist is Martin Armstrong, whose correct predictions include the 1987 Black Monday…
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America Will Soon Have More Waiters And Bartenders Than Manufacturing Workers

Zero Hedge While the headline jobs print was a modest kneejerk disappointment at least until it is appropriately spun in some sort of "goldilocks" frame, where the October jobs report was a true disappointment, was in the report of average hourly earnings: rising at just for the month and Y/Y,…
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“The Renminbi Hub”: Chinese Banks Acquire Stakes in US and Canadian Banks. Is There a Hidden Agenda?

Global Research By Bill Holter Very big news on the banking front, the Federal Reserve is now apparently allowing Chinese banks to take stakes in ; North of our border, Canada is contemplating becoming one of the many, recent, “renminbi hubs”.  Why would this be happening?  Why would it be happening now? First,…
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The Economy Of The Largest Superpower On The Planet Is Collapsing Right Now

The Economic Collapse by Michael Snyder How do you fix a superpower with exploding levels of debt, that has a rapidly aging population, that consumes far more wealth than it produces, and that has scores of zombie banks that could collapse at any ; You might think that I am…
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National Economic Suicide: The U.S. Trade Deficit With China Just Hit A New Record High

The Economic Collapse by Michael Snyder Did you know that we buy nearly five times as much stuff from the Chinese as they buy from us?  According to government numbers that were just released, we imported billion dollars worth of stuff from China in September but we only exported billion…
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Japan’s Monetary Pearl Harbor

Washington's Blog by Charles Hugh Smith Trying to “fix” a sclerotic, inefficient state-cartel economy by boosting inflation–the ultimate goal of Japan’s Monetary Pearl Harbor– is a self-liquidating path to destruction. The Bank of Japan’s surprise expansion of financial stimulus strikes me as the monetary equivalent of Pearl Harbor –not in the…
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How The Petrodollar Quietly Died, And Nobody Noticed

Zero Hedge Two years ago, in hushed tones at first, then ever louder, the financial world began discussing that which shall never be discussed in polite company - the end of the system that according to many has framed and facilitated the US Dollar's reserve currency status: the Petrodollar, or…
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U.K. Sells Bonds in China’s Currency, Adding Pressure on Dollar

The New American by Alex Newman Amid fast-growing pressure on the dollar’s status as the global reserve currency, authorities in the United Kingdom this week successfully issued sovereign bonds denominated in Communist China’s strictly controlled currency known as the yuan or renminbi. It was the first such bond issue in…
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Most People Cannot Even Imagine That An Economic Collapse Is Coming

The Economic Collapse by Michael Snyder The idea that the United States is on the brink of a horrifying economic crash is absolutely inconceivable to most ; After all, the economy has been relatively stable for quite a few years and the stock market continues to surge to new ;…
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Global Economy

“Taxation Must Go Global,” Says German Finance Minister

The New American In one of the bluntest statements on the topic by any globalist thus far, controversial German Finance Minister Wolfgang Schäuble (shown) openly called for “global standards” and “global governance” in taxation to ensure that governments can continue extracting huge sums in taxes from the wealth-producing class in…
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It Will Take 6.25 BILLION “Man Years” To Pay Off Federal Government Liabilities: “A Mathematical Impossibility”

SHTFplan by Mac Slavo We often hear government officials and mainstream financial pundits throwing around numbers like a billion or trillion. To most Americans these numbers are indiscernible. They are so incredibly enormous that we can’t even imagine what one billion dollars actually looks like, let alone what it takes to generate…
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The Dollar Decline Continues: China Starts Direct Convertibility With Asia’s #1 Financial Hub

Sovereign Man by Simon Black Earlier this week some of the biggest financial news of the year made huge waves all over Asia. Yet in the Western press, this hugely important information has barely even been mentioned. While this is ignored in the US so far, it’s front page news…
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From This Day Forward, We Will Watch How The Stock Market Performs Without The Fed’s Monetary Heroin

The Economic Collapse by Michael Snyder Mark this day on your ; The Dow is at 16974, the S&P 500 is at 1982 and the NASDAQ is at ; From this day forward, we will be looking to see how the stock market performs without the monetary heroin that the…
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Currency

The Dollar Decline Continues: China Starts Direct Convertibility With Asia’s #1 Financial Hub

Sovereign Man blog By Simon Black, Earlier this week some of the biggest financial news of the year made huge waves all over Asia. Yet in the Western press, this hugely important information has barely even been mentioned. While this is ignored in the US so far, it’s front page…
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Guess How Much Americans Plan To Spend On Christmas And Halloween This Year…

The Economic Collapse by Michael Snyder It is that magical time of the year for ; The period between mid-October and late December can often make the difference between success or failure in the retail industry, and this year will be no ; As you will see below, it is…
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Can’t Find Any Inflation? Here’s A Place To Start

Zero Hedge Lately, there has been much anguished consternation, especially among the tenured US economics professors (primarily those who make 6-digits or more per year) and of course, the Federal Reserve where as we revealed last week, at least 113 government workers make $250,000 (excluding bonuses) and thus all are…
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Gold or Gunfire: Hedging Against the Collapse of the Dollar

New Eastern Outlook by Christof Lehmann A global economic collapse has become unavoidable, said former chief economist of the Bank of International Settlements (BIS) William White in response to the BIS’ quarterly report in September 2013. Experts forecast that a global economic collapse may occur, overnight, some time at the…
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How Will The Stock Market React To The End Of Quantitative Easing?

The Economic Collapse by Michael Snyder It is widely expected that the Federal Reserve is going to announce the end of quantitative easing this ; Will this represent a major turning point for the stock market?  As you will see below, since 2008 stocks have risen dramatically throughout every stage…
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Does Anyone Else Think the Stock Market Is Living on Reds, Vitamin C and Cocaine?

Washington's Blog by Charles Hugh Smith This state of delusion would be amusing if it wasn’t so tragic. The stock market’s wild swings of sentiment have got me thinking it’s living on reds, vitamin C and ;This is a famous line from the Grateful Dead song Truckin’. I’ve marked up a…
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50% Of American Workers Make Less Than $28,031 A Year

The Economic Collapse by Michael Snyder The Social Security Administration has just released wage statistics for 2013, and the numbers are ; Last year, 50 percent of all American workers made less than $28,031, and 39 percent of all American workers made less than $20,; If you worked a full-time…
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Economic Collapse

Low Inflation? The Price Of Ground Beef Has Risen 17 Percent Over The Past Year

The Economic Collapse by Michael Snyder Thanks to the Federal Reserve, the middle class is slowly being suffocated by rising food ; Every single dollar in your wallet is constantly becoming less valuable because of the inflation the Fed systematically ; And if you try to build wealth by saving…
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McDonalds Sales Plunge In Worst Month Since 2003 Following Dollar Meal “Sticker Shock”

Zero Hedge Moments ago, McDonalds not only released earnings and revenues, both of which missed - something which was largely expected since the backward looking data had been telegraphed by MCD's recent global selling collapse - blanketed by atrocious commentary, but it disclosed its September global retail sales which were…
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Market Turmoil Ahead? ‘Fear Index’ Shows Unprecedented Activity

NWO Report by Qronos 16 Calm before the storm? The VIX index, a measure of how volatile the S&P 500 is likely to be over the next 30 days, is showing unprecedented activity, feeding into concerns that the financial markets are about to experience huge turmoil. The Chicago Board Options…
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Census Report: Half of Americans Poor or Near Poor

Global Research By Andre Damon Forty-seven percent of Americans have incomes under twice the official poverty rate, making half of the country either poor or near-poor, according to figures released last week by the Census Bureau. These figures are based on the Census Bureau’s Supplemental Poverty Measure (SPM), which takes…
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19 Very Surprising Facts About The Messed Up State Of The U.S. Economy

The Economic Collapse by Michael Snyder Barack Obama and the Federal Reserve are lying to ; The "economic recovery" that we all keep hearing about is mostly just a ; The percentage of Americans that are employed has barely budged since the depths of the last recession, the labor force…
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US Economy Safety Margin Tested as Oil Prices Go Down

Strategic Culture by Alexander DONETSKY Oil prices fluctuations is a routine matter for world economy. After the abrupt fall in 2009 sparked by global financial crisis, the «black gold» spiked to over 100 dollars a barrel to stay stable in February 2011 to September ; The current 20% price fall…
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Stocks Plunge 460 Points on Quantitative Easing (QE) Exit

Global Research By Mike Whitney “Financial markets are faced with uncertainty that isn’t going away. The slowdown in Europe is probably in the early innings, the Fed hasn’t begun to raise interest rates, and geopolitical crises seem to pop up by the day.” Jeff Cox, Finance editor, CNBC Six years…
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Why the State Has Failed to Reform Our Broken Financial System

Washington's Blog by Charles Hugh Smith Expecting the state to truly reform the nation’s engines of financialization is like asking the cocaine addict married to the wealthy dealer to divorce the dealer. Most observers think they know why the government ( the state) has failed to truly reform the financial…
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If A Few Ebola Cases Can Make The Stock Market Crash This Much, What Would A Full-Blown Pandemic Mean?

The Economic Collapse by Michael Snyder Is Ebola going to cause another of the massive October stock market crashes that Wall Street is famous for?  At one point on Wednesday, the Dow was down a staggering 460 ; It ultimately closed down just 173 points, but this was the fifth…
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12 Charts That Show The Permanent Damage That Has Been Done To The U.S. Economy

The Economic Collapse by Michael Snyder Most people that discuss the "economic collapse" focus on what is coming in the ; And without a doubt, we are on the verge of some incredibly hard ; But what often gets neglected is the immense permanent damage that has been done to…
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9 Ominous Signals Coming From The Financial Markets That We Have Not Seen In Years

The Economic Collapse by Michael Snyder Is the stock market about to crash?  Hopefully not, and there definitely have been quite a few "false alarms" over the past few ; But without a doubt we have been living through one of the greatest financial bubbles in history, and the markets…
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Economic Collapse

Ripple Effects Begin: Dubai Crashes Over 6.5%, Most In 14 Months

Zero Hedge It appears the weakness in US equity markets (the last of the hot money flow darlings to be hit) is now rippling back down the bubble-complex of world equity markets. Dubai, infamous for its huge surge in the last 2 years and 36x over-subscribed IPO of a company…
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Economic Collapse

Global Equity Shock as “Captured” System Starts to Crack

Goldcore This week has seen some market volatility (see VIX Chart) reminiscent of the functioning market from days of old. The markets are spooked, bad news is overtaking good news and bearish views are becoming vogue. We are seeing a titanic battle taking place between the various bull and bear…
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Currency

New York Times Admits Wages Haven’t Grown in 15 Years, Worst Since Great Depression

Liberty Blitzkrieg By Michael Krieger, The following article from the New York Times is actually pretty awful. However, the admission that wages have failed to grow in 15 years is important. Particularly in light of the fact that we are five years into the second so-called “recovery” since the turn of the…
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Debt Slavery

“Clueless”, Reaccomodating Fed Spurs Epidemic Of Record Low Yields Around The Globe

Zero Hedge “If it wasn’t obvious that Fed normalization was going to be difficult, it should be now. Risk assets don’t appear to be ready for significant removal of accommodation". So much for "the recovery" (in the US or elsewhere) and a mythical world in which a seamless handover from…
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Obamacare

Wal-Mart cuts insurance to part-timers, raises premiums day after plan to offer coverage in-store

| WTF News | Wal-Mart has announced that starting January 1, it will no longer offer health insurance to employees who work less than an average of 30 hours a week. Sally Welborn, senior vice president of global benefits, said the decision follows other major retailers who already made the…
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Central Banks

Deutsche Bank’s Shocking Admission: “QE In Europe Will Be Ineffective”

Zero Hedge Via Deutsche Bank's George Saravelos, Euroglut: a new phase of global imbalances This report argues that both “secular stagnation” and “normalization” are incomplete frameworks for understanding the post-crisis world. Instead, “Euroglut” – the global imbalance created by Europe’s massive current account surplus will be the defining variable for…
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Economic Collapse

US Hiring Plummets Most Since June 2010, Fewest Hires Since Polar Vortex Ground Economy To A Halt

Zero Hedge On the surface, today's JOLTS report (which after we caught the BLS fabricating the data aggressively a year ago is triple-scrubbed by government bureaucrats) was great: with total job openings of 4,835K, this was supposedly the highest number of job openings since January 2001, and just shy of…
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