Michael T. Snyder's Shocking New Novel About The Future Of America
Beginning Of The End - Kindle Version by Michael T. Snyder
Survive After Collapse

Recent Posts

Archives

Emergency Essentials/BePrepared
Sold Out After A Crisis

Subscribe By Email

Enter your email address:

Delivered by FeedBurner

Young Living Thieves Oil Spray

The Greatest Debt Crisis The World Has Ever Seen Is Coming

U.S. National Debt 2013

The largest mountain of debt in the history of the world just continues to grow even larger, and everyone knows that this colossal debt spiral is not going to end well.  But we all keep playing along because nobody wants the party to end.  Right now, there is an unprecedented ocean of red ink covering the planet.  Globally, governments have never been in so much debt, corporations have never been in so much debt and consumers have never been in so much debt.  But every time someone suggests that this is a problem and that we should at least try to get debt levels to settle down a bit, people start screaming that “austerity” will hurt the global economy.  And of course it will.  But we can’t continue to live way, way above our means indefinitely.  Well, we can try, but at some point this entire house of cards is going to come crashing down and we are going to be facing the greatest economic crisis the world has ever seen.

It is kind of like watching a slow-motion train wreck that you have no chance of possibly stopping that you know will end up killing lots of innocent people.  This (Read More...)

[...]

Will The Chinese Renminbi Replace The U.S. Dollar As The Primary Reserve Currency Of The World?

Most Americans have no idea what a tremendous advantage the United States possesses by having the primary reserve currency of the world, and most Americans also have no idea how close the U.S. dollar is to losing that status.  For the past 40 years, the vast majority of all global trade (including the buying and selling of oil) has been done in U.S. dollars.  That is still the case today, but things are starting to shift.  All over the globe international agreements are being made to move away from the U.S. dollar and to use other currencies in global trade.  The second largest economy in the world, China, has been particularly aggressive in seeking to change the existing financial order.  As you will see below, China has been running all over the planet making agreements with other nations to start conducting an increasing amount of trade in currencies (Read More...)

[...]

77 Percent Of All Americans Live Paycheck To Paycheck At Least Part Of The Time

If a major economic crisis hit us right now, the vast majority of Americans would be extremely vulnerable.  According to a recent CareerBuilder survey, 40 percent of all Americans live paycheck to paycheck all of the time, and 77 percent of all Americans live paycheck to paycheck at least part of the time.  This is why there was such a problem with foreclosures during the last recession.  When millions of Americans suddenly lost their jobs many of them quickly found that they were unable to pay their mortgages because they had no financial cushions.  For decades, Americans have been trained that it is okay to get into debt up to their eyeballs and live paycheck to paycheck because times will always be good and jobs will always be easy to get.  Unfortunately, times have changed and many (Read More...)

[...]

10 Signs That The 8th Largest Economy In The World Is Being Overwhelmed By A Tsunami Of Debt

Guess who is going to need a bailout right after Spain?  The Italian economy is the 8th largest economy on the entire planet and right now it is being absolutely overwhelmed by a tsunami of debt.  In an attempt to address this problem, Italy is going down the exact same path that Greece, Portugal and Spain have gone.  And so far, we are seeing the exact same results that we have seen in those other countries.  Austerity causes economic growth to slow down, and that causes unemployment to soar.  When unemployment rises, tax revenues go down and you end up missing your original deficit reduction targets so you have to implement even more austerity measures.  It is a vicious cycle that we have seen play out again and again in Greece over the past five years.  But unlike Greece, Italy is way too large to be completely bailed out.  The truth is that there are only 7 (Read More...)

[...]