You Are Here: Home » News » Economic Collapse (Page 3)

China dumps $108 billion in reserves as the Far East economy uses dollars to protect currency

In overnight trading, China experienced an equities meltdown following their largest devaluation of the Yuan since August.  And at the heart of protecting the RMB in this trend of currency intervention is a new report on Jan. 7 which shows that the Far Eastern economy dumped $108 billion in dollar reserves in the month of December, dropping their reserve totals from $3.438 trillion to $3.330 trillion. Much ...

Read more

China stock markets halt completely after Yuan devaluation

It appears that the new Chinese circuit breakers came at just the right time as the Shanghai equity markets triggered a halt on Jan. 7, leading the Far Eastern power to close down the markets altogether after just 30 minutes of trading.  This is the second circuit breaker halt in three days for China, which implemented the market protection at the start of the new year. What appears to have been the catalys ...

Read more

J.P. Morgan confirms recession signal for U.S. while also downgrading 21 emerging markets

When Wall Street and other mainstream analysts provide forecasts for the markets, one must always take them with a grain of salt since these investment banks also have skin in the game for the outcomes they prognosticate.  But at certain points in a business cycle the data becomes impossible to hide, and what is reported by these analysts can be quite accurate as to the real state of an economy. Thus when J ...

Read more

Fed publishes drastic fall in GDP forecasts, setting the stage for less than 2% growth for 2015

Recovery!  The mantra of the Federal Reserve and mainstream pundits parroting the party line.  But it appears that like poll numbers given prior to Presidential elections, when all the votes are counted, what was forecast for months leading up to the end of a cycle was much different than the actual outcome. For most of 2015 the Fed and big bank analysts predicted an annual GDP growth rate between 2.5 - 3%. ...

Read more

FINANCIAL ARMAGEDDON APPROACHES: U.S. BANKS HAVE 247 TRILLION DOLLARS OF EXPOSURE TO DERIVATIVES

VIA Did you know that there are 5 ‚Äútoo big to fail‚ÄĚ banks in the United States that¬†each¬†have exposure to derivatives contracts that is in excess of 30¬†trillion dollars? Overall, the biggest U.S. banks collectively have¬†more than 247¬†trillion¬†dollars¬†of exposure to derivatives contracts.¬† That is an amount of money that is more than 13 times the size of the U.S. national debt, and it is a ticking time bomb ...

Read more

Lions and tigers and derivatives and bail-ins… OH MY!

Perhaps it is because $247 trillion is just a number too big to contemplate, or that those in charge have an off button perpetually pushed when it comes to accepting the consequences of debt, but going into 2016 this black swan remains a ticking time bomb that can at any time crater the world even more than a conventional world war. Oh, and by the way... this is just the derivative exposure of U.S. banks al ...

Read more

The myriad of economic predictions and forecasts for 2016

Whether it is the mainstream or the alternative medias, economic and financial predictions are part and parcel for the final week of a given year.  And perhaps what is humorous for the average reader is how dichotomous these forecasts can be, with one side always predicting good times for the economy, and the other side lamenting collapse. So rather than picking and choosing who is more accurate or cogent o ...

Read more

End of Petrodollar? First Middle Eastern oil power to open Chinese currency hub

Since 1973, the dollar has held sway over the global financial system through its connections to oil, and with the Middle Eastern producers who sell it in American currency.  But as dollar hegemony has waned over the past decade, and as the U.S. has gone to war against any nation (Iraq, Iran, Libya) who has tried to sell their oil in currencies other than the dollar, members of OPEC have been seeking ways t ...

Read more

Ontario becomes ground zero for citizens being asked to pay for the debts of their government

$160,000.  That is how much each American 'virtually' owes bondholders to cover the government's nearly $19 trillion in national debt.  And while our taxes are the primary collateral which allows Uncle Sam to borrow from a privately owned central bank, is there a chance sometime in the future where the government may use force, coercion, or even confiscation to pay these obligations that neither you nor I v ...

Read more

Democratic Presidential candidate Bernie Sanders channels his inner Ron Paul

Former Congressman and Presidential candidate Ron Paul was known primarily for his movement within the financial and political realms, and it involved a crusade to both audit and end the Federal Reserve bank.  And while his tireless efforts led to a miniscule audit of the private central bank which revealed how it had bailed out domestic and foreign banks, as well as many multi-national corporations, the en ...

Read more

58 FACTS ABOUT THE U.S. ECONOMY FROM 2015 THAT ARE ALMOST TOO CRAZY TO BELIEVE

The world didn’t completely fall apart in 2015, but it is undeniable that an immense amount of damage was done to the U.S. economy. This year the middle class continued to deteriorate, more Americans than ever found themselves living in poverty, and the debt bubble that we are living in expanded to absolutely ridiculous proportions. Toward the end of the year, a new global financial crisis erupted, and it t ...

Read more

Is Canada the first domino to fall in the new Great Depression?

Interesting things have happened 18 months after oil prices fell off a cliff to hover down around $35 per barrel, with the deflationary environment that now permeates the global economy just a microcosm of the overall problems that signal the world entering into a new Great Depression.  And besides currency wars, trade wars, and escalating hot wars that are the norm across the world today, one economy may b ...

Read more

© 2012 Secrets of the Fed