Some Of The Really Bad Things That Could Happen If You Do Not Prepare For The Coming Economic Collapse

The Economic Collapse Blog

Most people just assume that since things have always been a certain way that they will always be that way in the future.  Most people just have blind faith that the people running our government and our financial system know exactly what they are doing and that they are doing their best to take care of us.  In fact, once upon a time I was fully convinced of that.  When I was a kid I quickly realized that my elementary school teachers really didn't have the answers, but I had total faith that those running society at the highest levels were "experts" that were looking out for our best interests.  As time went on I kept progressing in my education, and by the time I was finished with law school I came to understand that none of our "experts" really know what they are doing, and they are definitely not looking out for our best interests.  The blind are leading the blind and we all need to finally admit that the emperor is not wearing any clothes.  Unfortunately, most Americans will repeat the mantra of "if that was true I would have heard about it on the news" until it is way too late.  Most people are waiting for the "authorities" to tell them what to do instead of thinking for themselves.  Sadly, time is rapidly running out and a lot of people are going to end up getting totally blindsided by what is coming. (Read More....)

Is There Going To Be A Stock Market Crash In The Fall?

The Economic Collapse Blog



Is the stock market going to crash by the end of this year?  Are we on the verge of major financial chaos on a global scale? Well, this is the time of the year when investors start getting nervous.  We all remember what happened during the fall of 1929, the fall of 1987 and the fall of 2008.  However, it is important to keep in mind that we do not see a stock market crash in the fall of every year.  Some years the stock market cruises through the months of September, October, November and December without any problems whatsoever.  But this year conditions certainly seem to be right for a "perfect storm" to develop.  Technical indicators are screaming that a stock market decline is imminent and sources in the financial industry all over the world are warning that a massive crisis is on the way.  In fact, the Telegraph ran a story with the following shocking headline the other day: "Market crash 'could hit within weeks', warn bankers".  What you are about to read should alarm you.  But it is not a guarantee that anything will or will not happen.  When Ben Bernanke gives his speech at the Jackson Hole summit on Friday he could announce to the rest of the world that the Federal Reserve has decided to launch QE3 and that the Fed will be printing up trillions of new dollars.  If that happened global financial markets would leap for joy.  So it is always a dangerous thing when anyone out there tries to tell you that they can "guarantee" what is about to happen in the financial world.  There are just so many moving parts.  But if we do not see major intervention by the governments of the world or by global central banks a major financial crisis could rapidly develop this fall.  The conditions are certainly right for a stock market collapse, and we could easily see a repeat of what happened back in 2008. (R

It Is Not Just Your Imagination - American Families ARE Getting Poorer

The Economic Collapse Blog

Did you know that median household income in the United States is lower today than it was when the last recession supposedly ended?  If we are in the middle of an "economic recovery", how can this possibly be happening?  Stunning new statistics compiled by Sentier Research show that the U.S. economy is not nearly as healthy as we have been led to believe.  According to the study that Sentier Research has just released, median household income in the United States was sitting at $55,470 back in January 2000.  In December 2007, when the recession began, it was sitting at $54,916.  In June 2009, when the recession supposedly ended, it was sitting at $53,508.  Today, it is sitting at $50,964.  This is a long-term trend that is definitely going in the wrong direction.  The fact that median household income in the U.S. is now 4.8 percent lower than it was when the last recession ended is incredibly disturbing, especially since all of the things that we buy on a regular basis just keep going up in price.  Food, gas, electricity, car insurance and health insurance all cost a whole lot more today than they did back in the year 2000, and yet median household income has dropped 8.1 percent since that time.  So what does all of this mean?  It means that American families ARE getting poorer. (Read More....)

14 Questions People Ask About How To Prepare For The Collapse Of The Economy

The Economic Collapse Blog

How in the world is someone supposed to actually prepare for an economic collapse?  What should you do with your money?  How can you make sure that your family is going to be okay?  How can you prepare if your resources are extremely limited?  These are the kinds of questions people ask me all the time.  Once people understand that the economy has been collapsing and will continue to collapse, then the next step for most of them is that they want to get prepared for the storm that is coming.  So where should someone get started?  Well, the truth is that no two people are facing the exact same set of circumstances, so preparation is going to look different for each individual.  But there are certain core principles that we can all benefit from.  For example, when a financial storm is coming that is not the time to be blowing thousands of dollars on vacations and new toys.  You would be surprised at how many people there are that claim that they have no extra money in their budgets and yet somehow have plenty of money to run down to Wal-Mart and buy a big stack of DVDs.  When times are difficult, each hard-earned dollar becomes much more precious, and we all need to start getting into the habit of making the most out of our limited resources.  The seemingly endless prosperity that we have all been enjoying for decades is coming to an end, and most of us have absolutely no experience on how to deal with truly hard times.  If you are under the age of 60, it might be a really good idea to read a book or two on what conditions were like during the Great Depression of the 1930s.  There is a lot that we can learn from our own history. (Read More....)

Does Barack Obama Expect The Upcoming Election To Spark Rampant Civil Unrest?

The Economic Collapse Blog

What is Barack Obama preparing for?  What does Barack Obama actually expect to happen in November?  Does he believe that the upcoming election could actually spark rampant civil unrest inside the United States?  The conditions are certainly ripe for civil unrest in this country.  A multitude of recent polls and surveys have shown that Americans are angrier and more frustrated than ever.  Sadly, we are taking a lot of that anger and frustration out on each other.  America is more divided today than at any other time since the Civil War era.  The left absolutely hates Mitt Romney the Republicans, and the right absolutely hates Barack Obama and the Democrats.  If you doubt this, just surf political blogs for a few hours and read the comments that people leave.  This country is a boiling cauldron of hatred and anger and all it is going to take is just the right "spark" to cause all of this hatred and anger to absolutely explode.  This upcoming election season is likely to be one of the most heated and divisive election seasons in U.S. history, and if there is not a clear winner on election night there is the potential that chaos could be unleashed that would be far, far worse than anything we saw during the Bush/Gore debacle of 2000. (Read More....)

Scenes Of Despair

The Economic Collapse Blog

Sometimes it can be easy to forget that behind all of the horrible economic numbers that we hear about are millions of real people that have had their lives absolutely devastated by this economy.  Elderly couples are being brutally evicted from their homes, young families are living in their cars, terminally ill people are dying because they cannot afford medication that they need and millions of parents can't sleep at night as they wrestle with anxiety over not being able to provide for their children.  Often those that lose their jobs or their homes discover that people start looking at them very differently and that there is very little compassion out there these days.  As you will read about below, one major U.S. bank is even kicking an elderly woman with stage 4 breast cancer out of her home because she cannot make her full mortgage payment each month.  When the next major global financial catastrophe happens, we are going to see a whole lot more economic despair.  Will society respond to that crisis by becoming warmer and more compassionate, or will the world around us become even more cold and even more cruel?  As bad as things are right now, it truly is frightening to think about what the world is going to look like after the next major economic downturn. (Read More....)

17 Reasons To Be EXTREMELY Concerned About The Second Half Of 2012

The Economic Collapse Blog

What is the second half of 2012 going to bring?  Are things going to get even worse than they are right now?  Unfortunately, that appears more likely with each passing day.  I will admit that I am extremely concerned about the second half of 2012.  Historically, a financial crisis is much more likely to begin in the fall than during any other season of the year.  Just think about it.  The stock market crash of 1929 happened in the fall.  "Black Monday" happened on October 19th, 1987.  The financial crisis of 2008 started in the fall.  There just seems to be something about the fall that brings out the worst in the financial markets.  But of course there is not a stock market crash every year.  So are there specific reasons why we should be extremely concerned about what is coming this year?  Yes, there are.  The ingredients for a "perfect storm" are slowly coming together, and in the months ahead we could very well see the next wave of the economic collapse strike.  Sadly, we have never even come close to recovering from the last recession, and this next crisis might end up being even more painful than the last one. (Read More....)

Why Is It Necessary For The Federal Government To Turn The United States Into A Prison Camp?

The Economic Collapse Blog 

There has been no society in the history of the world that has ever been 100% safe.  No matter how much money the federal government spends on "homeland security", the truth is that bad things will still happen.  Our world is a very dangerous place and it is becoming increasingly unstable.  The federal government could turn the entire country into one giant prison camp, but that would still not keep us safe.  It is inevitable that bad stuff will happen in life.  But we have a choice.  We can choose to live in fear or we can choose to live as free men and women.  Our forefathers intended to establish a nation where liberty and freedom would be maximized.  But today we are told that we have to give up our liberties and our freedoms and our privacy for increased security.  But is such a trade really worth it?  Just think of the various totalitarian societies that we have seen down throughout history.  Have any of them ever really thrived?  Have their people been happy?  Unfortunately, the U.S. federal government has decided that the entire country needs to be put on lock down.  Nearly everything that we do today is watched and tracked, and personal privacy is rapidly becoming a thing of the past.  Many of the things that George Orwell wrote about in 1984 are becoming a reality, and that is a very frightening thing.  The United States is supposed to be the land of the free and the home of the brave.  Sadly, we are rapidly becoming the exact opposite of that. (Read More....)

Chimps Throwing Poop And 29 Other Mind Blowing Ways That The Government Is Wasting Your Money

The Economic Collapse Blog

Why do chimpanzees throw poop?  The federal government would like to know and is using your tax dollars to investigate the matter.  Every single year, we all send huge amounts of our hard-earned money to the federal government.  We hope that they will spend that money wisely.  Unfortunately, that is simply not the case.  You are about to read some examples of how the government is wasting your money that are absolutely mind blowing.  Anyone that claims that there is not a lot of waste that can be cut out of the federal budget is lying to you.  Our politicians have racked up the biggest pile of debt in the history of the world and they are spending our money on some of the stupidest things imaginable.  It is imperative that the American people be educated about all of this outrageous government waste, because right now the political will to change this corrupt system is simply not there among the current crop of politicians in Washington.  We are stealing trillions of dollars from future generations and many of the things that our politicians are wasting that money on are almost too bizarre to believe. (Read More....)

19 Signs Of Very Serious Economic Trouble On The Horizon

The Economic Collapse Blog

Most Americans have no idea how much economic trouble is heading our way.  Most of them just assume that everything will eventually "return to normal" just like it always has before and that those running our economy "know what they are doing" and that we should trust them to do their jobs.  Unfortunately, these beliefs are being reinforced by the bubble of false hope that we are experiencing right now.  For example, it is being reported that weekly unemployment claims in the United States have fallen to a four-year low.  That is a very good thing.  Let us hope that unemployment claims go even lower and that the current period of stability lasts for as long as possible.  We should enjoy these last fleeing moments of tremendous prosperity for as long as we can, because when they are gone they won't be coming back.  As I noted the other day, all of this false prosperity in the United States has been financed by the 15 trillion dollar party that we have been enjoying.  We are adding about 150 million dollars to our debt every single hour so that we can continue to enjoy an inflated standard of living.  Unfortunately, nobody in the history of the world has ever been able to keep a debt spiral going indefinitely, and our debt bubble will burst eventually as well. (Read More....)

Read This First Before You Decide That Preppers Are Crazy

The Economic Collapse Blog

Do you believe that preppers are a few cards short of a full deck?  Do you assume that anyone that is "preparing for doomsday" does not have their elevator going all the way to the top floor?  Well, you might want to read this first before you make a final decision that all preppers are crazy.  The information that you are about to read shook me up a bit when I first looked it over.  To be honest, I had no idea how incredibly vulnerable our economic system is to a transportation disruption.  I am continually getting emails and comments on my websites asking "how to prepare" for what is coming, so when I came across this information I knew that I had to share it with all of you.  Hopefully what you are about to read will motivate you to prepare like never before, and hopefully you will share this information with others. (Read More....)

A Cashless Society May Be Closer Than Most People Would Ever Dare To Imagine

The Economic Collapse Blog

Most people think of a cashless society as something that is way off in the distant future.  Unfortunately, that is simply not the case.  The truth is that a cashless society is much closer than most people would ever dare to imagine.  To a large degree, the transition to a cashless society is being done voluntarily.  Today, only 7 percent of all transactions in the United States are done with cash, and most of those transactions involve very small amounts of money.  Just think about it for a moment.  Where do you still use cash these days?  If you buy a burger or if you purchase something at a flea market you will still use cash, but for any mid-size or large transaction the vast majority of people out there will use another form of payment.  Our financial system is dramatically changing, and cash is rapidly becoming a thing of the past.  We live in a digital world, and national governments and big banks are both encouraging the move away from paper currency and coins.  But what would a cashless society mean for our future?  Are there any dangers to such a system? (Read More....)

Feeding The Homeless BANNED In Major Cities All Over America

The Economic Collapse Blog

What would you do if you came across someone on the street that had not had anything to eat for several days?  Would you give that person some food?  Well, the next time you get that impulse you might want to check if it is still legal to feed the homeless where you live.  Sadly, feeding the homeless has been banned in major cities all over America.  Other cities that have not banned it outright have put so many requirements on those that want to feed the homeless (acquiring expensive permits, taking food preparation courses, etc.) that feeding the homeless has become "out of reach" for most average people.  Some cities are doing these things because they are concerned about the "health risks" of the food being distributed by ordinary "do-gooders".  Other cities are passing these laws because they do not want homeless people congregating in city centers where they know that they will be fed.  But at a time when poverty and government dependence are soaring to unprecedented levels, is it really a good idea to ban people from helping those that are hurting? (Read More....)

Proposed UN Environmental Constitution For The World Would Establish An Incredibly Repressive System Of Global Governance

Proposed UN Environmental Constitution For The World Would Establish An Incredibly Repressive System Of Global Governance

The Economic Collapse Blog

Most people have no idea that the United Nations has been drafting an environmental constitution for the world that is intended to supersede all existing national laws.  This document has a working title of "Draft International Covenant on Environment and Development" and you can read the entire thing right here.  Work on this proposed world environmental constitution has been going on since 1995, and the fourth edition was issued to UN member states on September 22nd, 2010.  This document is intended to become a permanent binding treaty and it would establish an incredibly repressive system of global governance.  This "covenant", as it is being called, claims authority over the entire global environment and everything that affects it.  Considering the fact that everything that we do affects the environment in some way, that would mean that this document would become the highest form of law for all human activity.  This proposed UN environmental constitution for the world is incredibly detailed.  The U.S. Constitution only has 7 articles, but the UN document has 79 articles.  If the U.S. eventually ratifies this treaty, any national, state or local laws that conflict with this covenant will be null and void.  This is potentially one of the greatest threats to our national sovereignty that we have ever seen and we need to warn the American people about it. (Read More.....)

15 Potentially Massive Threats To The U.S. Economy Over The Next 12 Months

The Economic Collapse Blog

We live in a world that is becoming increasingly unstable, and the potential for an event that could cause "sudden change" to the U.S. economy is greater than ever. There are dozens of potentially massive threats that could easily push the U.S. economy over the edge during the next 12 months. A war in the Middle East, a financial collapse in Europe, a major derivatives crisis or a horrific natural disaster could all change our economic situation very rapidly. Most of the time I write about the long-term economic trends that are slowly but surely ripping the U.S. economy to pieces, but the truth is that just a single really bad "black swan event" over the next 12 months could accelerate our economic problems dramatically. If oil was cut off from the Middle East or a really bad natural disaster suddenly destroyed a major U.S. city, the U.S. economy would be thrown into a state of chaos. Considering how bad the U.S. economy is currently performing, it would be easy to see how a major "shock to the system" could push us into the "next Great Depression" very easily. Let us hope that none of these things actually happen over the next 12 months, but let us also understand that we live in a world that has become extremely chaotic and extremely unstable. (Read More....)

America 1950 vs. America 2012

The Economic Collapse Blog

Would you rather live in the America of 1950 or the America of 2012? Has the United States changed for the better over the last 62 years? Many fondly remember the 1950s and the 1960s as the "golden age" of America. We emerged from World War II as the wealthiest and most powerful nation on the planet. During that time period, just about anyone that wanted to get a job could find a job and the U.S. middle class expanded rapidly. Back in 1950, America was still considered to be a "land of opportunity" and the economy was growing like crazy. There was less crime, there was less divorce, the American people had much less debt and the world seemed a whole lot less crazy. Most of the rest of the world deeply admired us and wanted to be more like us. Of course there were a lot of things that were not great about America back in 1950, and there are many things that many of us dearly love that we would have to give up in order to go back and live during that time. For example, there was no Internet back in 1950. Instead of being able to go online and read the articles that you want to read, your news would have been almost entirely controlled by the big media companies of the day. So there are definitely some advantages that we have today that they did not have back in 1950. But not all of the changes have been for the better. America is in a constant state of change, and many are deeply concerned about where all of these changes are taking us. (Read More....)

10 Signs That America Is Decomposing Right In Front Of Our Eyes

The Economic Collapse Blog

The decay of society is so much harder to quantify than economic decline is. The government keeps lots of statistics on things like unemployment and inflation, but it really does not keep track of how sick and twisted people are becoming. Most of us recognize that the character of the American people has changed dramatically over the decades, but unlike the national debt, you can't easily point to a chart or a graph to show exactly how bad things are getting. In this article, my approach will be to point you to various "signs" of social decay. Signs tell us where we are at now and where we are headed. Some of the signs that I will use will be statistics while others will simply consist of anecdotal evidence. Yes, anecdotal evidence is not perfect, but when you put enough of it together it starts to paint a pretty clear picture of what is going on out there. America is becoming a truly frightening place. Our cities our decaying, thieves are becoming bolder, you never know who you can trust and everyone seems depressed. America is decomposing right in front of our eyes, and it is time that we all admitted it. (Read More....)

The Price Of Gas Is Outrageous – And It Is Going To Go Even Higher

The Economic Collapse Blog

Does it cost you hundreds of dollars just to get to work each month? If it does, you are certainly not alone. There are millions of other Americans in the exact same boat. In recent years, the price of gas in the United States has gotten so outrageous that it has played a major factor in where millions of American families have decided to live and in what kind of vehicles they have decided to purchase. Many Americans that have very long commutes to work end up spending thousands of dollars on gas a year. So when the price of gas starts going up to record levels, people like that really start to feel it. But the price of gas doesn't just affect those that drive a lot. The truth is that the price of gas impacts each and every one of us. Almost everything that we buy has to be transported, and when the price of gasoline goes up the cost of shipping goods also rises. The U.S. economy has been structured around cheap oil. It was assumed that we would always be able to transport massive quantities of goods over vast distances very inexpensively. Once that paradigm totally breaks down, we are going to be in a huge amount of trouble. For the moment, the big concern is the stress that higher gas prices are going to put on the budgets of ordinary American families. Unfortunately, almost everyone agrees that in the short-term the price of gas is going to go even higher. (Read More....)

From the "Economic Collapse Blog"...

20 Signs You Might Be A Typical American Worker

Once upon a time, anyone that was relatively competent and willing to work hard could go out and easily get a job that would enable that person to financially support a family. Unfortunately, that is simply no longer true anymore. Well paying "middle income jobs" are being rapidly replaced with "low income jobs" and part-time jobs. As the economy crumbles, it is becoming increasingly difficult for the typical American worker to survive from month to month. The number of companies that provide benefits such as health insurance has fallen steadily over the past ten years, and paychecks have not been keeping up with the rising prices of food and gas. Average American families are seeing their budgets squeezed like never before, and many of them are going into huge amounts of debt in order to make up the difference. Sadly, this is a problem that has developed over an extended period of time and that is not going to be reversed overnight. Over the past four decades, the ratio of wages and salaries to GDP in America has fallen dramatically. The typical American worker is not as valued as much as he or she used to be, and if current trends continue even more of us will be working part-time jobs or "low income jobs" in the years ahead. (Read More....)

Many Of You Will Not Believe Some Of The Things Americans Are Doing Just To Survive

You might not want to read this article if you have a weak stomach. Most Americans have absolutely no idea what is going on in the dark corners of America, and when people find out the truth it can come as quite a shock. Many of you will not believe some of the things Americans are doing just to survive. Some families are living in sewers and drain tunnels, some families are living in tents, some families are living in their cars, some families will make ketchup soup for dinner tonight and some families are even eating rats. Some homeless shelters in America are so overloaded that they are actually sending people out to live in the woods. As you read this, there are close to 50 million Americans that are living below the poverty line, and that number rises a little bit more every single day. America was once known as the greatest nation on earth, but now there is decay and economic despair almost everywhere you look. Yes, money certainly cannot buy happiness, but the lack of it sure can bring a lot of pain. As the economy continues to decline, the suffering that we see all around us is going to get a lot worse, and that is a very frightening thing to think about. (Read More....)

A Warning Sign For The World

Any financial system that is based on debt is doomed to fail. Today, we are living in the greatest debt bubble that the world has ever seen, and if all of a sudden people could not use credit to buy things our economy would immediately ground to a halt. Unfortunately, no debt bubble can last forever. When this current debt bubble finally bursts, faith in the financial system is going to disappear, credit is going to freeze up and there is going to be a massive wave of bank failures. Right now, Greece is a warning sign for the world. Nobody wants to lend money to Greece, the Greek banking system is dying, one out of every four businesses has already shut down, unemployment is soaring and the Greek economy has now been in recession for five years in a row. Sadly, the economic implosion in Greece is rapidly accelerating. The Greek economy shrunk at a 7 percent annual rate during the 4th quarter of 2011. That wasn't supposed to happen. Things were supposed to be getting better in Greece by now. But instead the Greek depression is getting even worse, and very soon the rest of the world is going to be going through what Greece is currently experiencing. (Read More....)

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10 Things That Every American Should Know About The Federal Reserve

The Economic Collapse Blog

What would happen if the Federal Reserve was shut down permanently? That is a question that CNBC asked recently, but unfortunately most Americans don't really think about the Fed much. Most Americans are content with believing that the Federal Reserve is just another stuffy government agency that sets our interest rates and that is watching out for the best interests of the American people. But that is not the case at all. The truth is that the Federal Reserve is a private banking cartel that has been designed to systematically destroy the value of our currency, drain the wealth of the American public and enslave the federal government to perpetually expanding debt. During this election year, the economy is the number one issue that voters are concerned about. But instead of endlessly blaming both political parties, the truth is that most of the blame should be placed at the feet of the Federal Reserve. The Federal Reserve has more power over the performance of the U.S. economy than anyone else does. The Federal Reserve controls the money supply, the Federal Reserve sets the interest rates and the Federal Reserve hands out bailouts to the big banks that absolutely dwarf anything that Congress ever did. If the American people are ever going to learn what is really going on with our economy, then it is absolutely imperative that they get educated about the Federal Reserve. (Read More....)