You Are Here: Home » News » Economic Collapse (Page 6)

As the U.S. creates debt at new record levels, is there expectation of a global debt jubilee down the road?

In August the Obama administration borrowed a record $151 billion for a single month, setting for the course for 2016 to see an increase in the national debt of $1.36 trillion.  In fact, America's debt was recently reported to have crossed over $19.5 trillion, and has begun to accelerate higher ever since Congress removed the debt ceiling completely last October. And while the U.S. is not the only economy t ...

Read more

Dallas police pension fund is a microcosm of why U.S. financial system doesn’t price things mark to market

Following the 2008 Credit Crisis, and even after passage of the Dodd-Frank Wall Street Reform Act, the Western financial systems have fought hard to ensure that their assets never have to be valued at mark to market.  Instead they are recognized as 'mark to maturity' or 'mark to model', making it seem as though these institutions are solvent when liquidation of their assets would cause them to actually be b ...

Read more

The same Congress who allowed debt ceiling to reach $20 trillion now says it is a threat to national security

On Sept. 14, the House Budget committee published a speech where they asserted that the nation's $19.5 trillion national debt is now a security threat to the stability of the country. In their oratory on the House floor last week, the Budget Committee reported to Congress that the amount of debt that the government has accumulated has now reached the point where it in itself is creating a fiscal crisis that ...

Read more

Y2K redux, or are people fleeing to the wilderness to just get away from an eroding society

At the height of the Y2K scare two decades ago fringe leaders, including many church Pastors, were calling for the end of the world or in some cases the time when the Anti-Christ was coming onto the scene to usher in the new world order. But following a terror attack on American soil, the introduction of the surveillance state, an economic collapse, and trust in society as a whole at perhaps its lowest poin ...

Read more

Obamavilles rising to compete with Great Depression Hoovervilles

Back in the early 1930's, President Herbert Hoover was labeled with a phenomenon that carries over even today... the rise of shanty towns of homeless people that were known as Hoovervilles.  And it was these homeless communities that in part led to the end of the Republican Party in the White House for the next 20 years. And despite the continuing mantra by President Barack Obama, the Federal Reserve, and t ...

Read more

Report: “Banks are Preparing for an Economic Nuclear Winter Scenario”

Officials at the Federal Reserve say they expect inflation to kick in “sometime in 2017,” and has already proposed a second rate hike in 2016, after we had gone more than a decade without a single one. CNBC, The Free Thought Project and several other news organizations have reported how “banks are preparing for global nuclear winter” and even the Rothchild’s agree we are “witnessing the greatest money exper ...

Read more

Media vilifies Donald Trump’s assessment of the economy because… he’s right!

A few days ago Donald Trump was giving a speech to workers and supporters in the swing state of Ohio, and when it came to focusing in on the state of the economy, the Republican Presidential candidate made some interesting assessments that has the media suddenly going out of its way to try to discredit and vilify. And what did he happen to say that has the establishment in an absolute tizzy?  He said the tr ...

Read more

Global economic strategist sees recession in U.S. as consumers finally capitulate

Just as a New York Times columnist attempted to spew propaganda last week by blaming the 'dumbing down' of the American people for the reason behind the lack of trust in their newspaper and mainstream media as a whole, those in the business media quite often do the same by vilifying economists and analysts who do not toe the line in saying that the economy is good, or that the Fed is all-knowing and all-pow ...

Read more

Central bank policies are proved to only aid 1%ers as the Fed Vice-Chairman admits the bank picks winners

Following the annual Jackson Hole meeting of U.S. central bankers a week ago, the Vice-Chairman of the Federal Reserve admitted something that most 'conspiracy theorists' had already deduced... that the private bank not only picks winners and losers in the economy, but overwhelmingly does so for the 1%ers. Stanley Fischer: Well, clearly there are different responses to negative rates. If you’re a saver, the ...

Read more

Major Bank Official: Banks Are “Preparing for an Economic Nuclear Winter”

After years of giveaways to megabanks, marketed to the taxpayers as ‘quantitative easing,’ the crutches shoved under the banker-controlled global stock trade are about to snap. Bankers now say they are preparing for the collapse. In June of 2015, former Congressman Ron Paul predicted that these crutches would fail, and the financial bubbles created by them would send the stock market into a free fall. “The ...

Read more

Germans join the Japanese in rushing out to buy safes as their trust in banks erodes

Earlier this year, a story broke about thousands of Japanese rushing out to purchase home safes to store their cash in since trust in their banking system fell off a cliff with the advent of negative interest rates.  Now on Aug. 30, this same phenomenon is occurring thousands of miles away in Germany, where the people in the largest EU nation are making their own 'run against the banks' in the wake of two f ...

Read more

Did China just validate the world is in recession?

Contrary to the West's belief that the state of the U.S. economy determines the state of the global economy, in today's world the real indicators on whether the economy is in a a growth phase or in recession come from China. China is the world's largest manufacturing power, and also has the world's largest banking system.  And when you couple this with the fact that they are also the world's largest exporte ...

Read more

© 2012 Secrets of the Fed