The Worst Retail Cataclysm Ever: Sears Warns It Is On The Verge Of Collapse As Payless Prepares To File For Bankruptcy

More than 3,500 retail stores are going to close all across America over the next few months as the worst retail downturn in U.S. history gets even deeper.  Earlier this week, Sears shocked the world when it announced that there is “substantial doubt” that the company will be able to “continue as a going concern” much longer.  In other words, Sears has announced that it is on the verge of imminent collapse.  Meanwhile, Payless stunned the retail industry when it came out that they are preparing to file for bankruptcy.  The “retail apocalypse” that I have been warning about is […]

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This Region Of The World Is Being Hit By The Worst Economic Collapse It Has Ever Experienced

The ninth largest economy in the entire world is currently experiencing “its longest and deepest recession in recorded history”, and in a country right next door people are being encouraged to label their trash so that the thousands upon thousands of desperately hungry people that are digging through trash bins on the streets can find discarded food more easily.  Of course the two nations that I am talking about are Brazil and Venezuela.  The Brazilian economy was once the seventh largest on the globe, but after shrinking for eight consecutive quarters it has now fallen to ninth place.  And in […]

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11 Quotes From Trump’s Speech To Congress That Show That The U.S. Economy Is In A State Of Collapse

After Tuesday night, nobody should have any more doubt that the U.S. economy has been in the process of collapsing.  Donald Trump’s speech to a joint session of Congress is being hailed as his best speech ever.  Even CNN’s Van Jones praised Trump, which shocked many observers.  Jones said that when Trump honored the widow of slain Navy Seal Ryan Owens that it “was one of the most extraordinary moments you have ever seen in American politics”, and Jones believes that Trump “became President of the United States in that moment”.  But Trump’s speech is not just being praised for […]

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Deutsche Bank Collapse: The Most Important Bank In Europe Is Facing A Major ‘Liquidity Event’

The largest and most important bank in the largest and most important economy in Europe is imploding right in front of our eyes.  Deutsche Bank is the 11th biggest bank on the entire planet, and due to the enormous exposure to derivatives that it has, it has been called “the world’s most dangerous bank“.  Over the past year, I have repeatedly warned that Deutsche Bank is heading for disaster and is a likely candidate to be “the next Lehman Brothers”.  If you would like to review, you can do so here, here and here.  On September 16th, the Wall Street […]

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Grand Ascension or Great Collapse?

It depends upon your perspective and the markets you follow … Perspective: The global economy is drowning in debt – $ 230 Trillion and counting – that will not be repaid at current value. Expect hyperinflation or outright default. Negative Interest Rates on $ 13 Trillion in sovereign debt are a sign of failure by central banks, governments, and Keynesian economists. Pension plans and savers are hurt by low and negative interest rates. They have been sacrificed for the continued levitation in the stock and bond markets. All of the above indicate a correction and possible collapse are coming. Perhaps […]

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Clinton Collapse: Is Hillary Clinton Going To Drop Out Of The Race For The White House?

What was once unthinkable has now become a very real possibility.  We have all seen the video which shows Hillary Clinton fainting and collapsing into the arms of Secret Service agents as she waited to get into her van following an abrupt exit from a ceremony commemorating the 15th anniversary of the 9/11 terrorist attacks.  What has been obvious to many of us for quite a while is now being talked about on every political talk show in America.  Not too long ago, you were called a “conspiracy theorist” if you dared to question Clinton’s health, but today it is […]

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All Time Highs and Lows … and the Great Collapse

Stocks and Bonds: Dow Jones Industrial Index – high 18,636 on August 15, 2016 S&P 500 Index – high 2,190 on August 15, 2016 NASDAQ Index – high 5,262 on August 15, 2016 T-Bonds – the 30 year bond high was 176.94 on July 8, 2016 Dow Transportation Average – high on December 29, 2014 – Oops! Dow Theory says we should be worried about an unconfirmed market top. Financial: National Debt (US – official only) exceeds $ 19.4 trillion in August 2016. Unfunded liabilities are much larger. Student loan debt is over $ 1.4 trillion in August 2016. Debt […]

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The Economic Collapse In Venezuela Is So Bad That People Are Slaughtering And Eating Zoo Animals

If you were hungry enough, would you kill and eat zoo animals?  To most of us such a notion sounds absolutely insane, but this is actually happening in Venezuela right now.  This is a country where people are standing in lines for up to 12 hours hoping that there will be food to buy that day, and where rioting and looting have become commonplace.  So even though the U.S. economy is in dreadful shape at this moment, we should be thankful for what we have, because at least we are not experiencing a full-blown economic collapse yet like Venezuela currently is. […]

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George Soros Is Preparing For Economic Collapse – Does He Know Something That You Don’t?

Why is George Soros selling stocks, buying gold and making “a series of big, bearish investments”?  If things stay relatively stable like they are right now, these moves will likely cost George Soros a tremendous amount of money.  But if a major financial crisis is imminent, he stands to make obscene returns.  So does George Soros know something that the rest of us do not?  Could it be possible that he has spent too much time reading websites such as The Economic Collapse Blog?  What are we to make of all of this? The recent trading moves that Soros has […]

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Dozens Shot Over Memorial Day Weekend As The Collapse Of Chicago Accelerates

Chaos and violence threaten to spiral out of control in America’s third largest city, and nobody seems to have any idea how to solve the problem.  After decades of control by the radical left, many parts of the “Windy City” have become rotting, decaying, gang-infested hellholes.  Just like Detroit, the city of Chicago is rapidly becoming a joke to the rest of the world, but a horribly corrupt political culture likely stands in the way of any type of major reform any time soon.  And just like much of the rest of the nation, a spirit of violence and civil […]

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