image_pdfimage_print

Unprecedented Disaster: Hurricane Harvey Has Shattered The Rainfall Record For The Continental United States

Never before have we seen a storm dump more than 50 inches of rain on a single location in the continental United States.  The previous record for rainfall in the continental United States occurred when Tropical Storm Amelia dumped 48 inches of rain on Medina, Texas in 1978.  But now one spot in southeast Texas has already received 52 inches of rain, and the rain continues to fall.  And overall, 14 different spots in the Houston area have already gotten more than 40 inches of rain.  Authorities are telling us that this will easily be the most costly disaster in […]

Read More

The Dow Closes At A Record High For The 9th Straight Time But Experts Warn That A Stock Market Crash Could Be Imminent

The bigger they come, the harder they fall.  On Monday, the Dow Jones Industrial Average closed at a record high for the ninth straight session.  It has been a remarkable run, but many experts are pointing out that big trouble is brewing under the surface.  As you will see below, 79 components of the S&P 500 have already dropped more than 20 percent below their 52-week highs, and it is mostly just a handful of high flying tech stocks that are still propping up the market at this point.  Over the past several weeks, I have been documenting so many […]

Read More

Australia Exports Record Amount Of Gold To China

Are the Chinese getting close to announcing a new gold-backed currency? Well, if the record amount of Australian gold exports into China is an indicator, it may be close at hand. While the Chinese have been importing a lot of gold from Australia, it reached a new record high in 2017. According to the recently released data by the Australian Government June 2017 Resources and Energy Quarterly, Australia exported more gold to Hong Kong and China during the first quarter of 2017 than any other quarter in history. Australian gold exports to Hong Kong and China were 54% higher Q1 […]

Read More

Handout Nation: Combined Enrollment In America’s 4 Largest Safety Net Programs Hits A Record High Of 236 Million

Margaret Thatcher once said that the problem with socialism “is that eventually you run out of other people’s money”.  As you will see below, the combined enrollment in America’s four largest safety net programs has reached a staggering 236 million.  Of course that doesn’t mean that 236 million people are getting benefits from the government each month because there is overlap between the various programs.  For example, many Americans that are on Medicaid are also on food stamps, and many Americans that are on Medicare are also on Social Security.  But even accounting for that, most experts estimate that the […]

Read More

The Record Year for Imported Silver

How many precious metals investors know the year the United States imported a record amount of silver? This figure is so great, there is no other single year in U.S. history that comes anywhere close to this amount. Even more impressive than that, it turns out to be more than double the global annual mine supply that year. It is such an unbelievable amount, its record has never been surpassed to this day. Actually, I was quite surprised by the data when I was researching through some old official records. Even though the United States currently imports a lot of […]

Read More

Foreigners Are Dumping U.S. Debt At A Record Pace And Our $20 Trillion National Debt Is Poised To Become A Major Crisis

While most of the country has been focused on the inauguration of Donald Trump, a very real crisis has been brewing behind the scenes. Foreigners are dumping U.S. debt at a faster rate than we have ever seen before, and U.S. Treasury yields have been rising. This is potentially a massive problem, because our entire debt-fueled standard of living is dependent on foreigners lending us gigantic mountains of money at ultra-low interest rates. If the average rate of interest on U.S. government debt just got back to 5 percent, which would still be below the long-term average, we would be […]

Read More

The Total Amount Of Debt In The World Just Hit A Record $152,000,000,000,000 (152 Trillion)

If anyone ever asks you how much debt there is in the world, now you will know the answer.  According to the IMF, the total amount of debt around the globe has now hit a staggering 152 trillion dollars.  That is an amount of money that is almost unimaginable, and the IMF says that it is equivalent to 225 percent of global GDP.  It is the biggest debt bubble in the history of the planet, and it is rising at an extremely alarming pace.  Experts all over the world agree that when this debt bubble finally bursts, it is going […]

Read More

The Dow And The S&P 500 Soar To Brand New All-Time Record Highs – How Is This Possible?

The Dow and the S&P 500 both closed at all-time record highs on Tuesday, and that is very good news.  You might think that is an odd statement coming from the publisher of The Economic Collapse Blog, but the truth is that I am not at all eager to see the financial system crash and burn.  We all saw what took place when it happened in 2008 – millions of people lost their jobs, millions of people lost their homes, and economic suffering was off the charts.  So no, I don’t want to see that happen again any time soon.  […]

Read More

Australia Gold Export To China In August A Record 13t

BullionStar A thorough examination of cross-border gold trade between Australia and China mainland. While withdrawals from the vaults of the Shanghai Gold Exchange (SGE) continue at an unprecedented pace – 46 tonnes in week 48, year to date 2,541 tonnes – our job here at BullionStar is to track where this gold is coming from. The short answer would be it’s mainly supplied by gold imports. But, more important is the question how much is imported and from what country or warehouse? Partially, the gold is being sourced from Australia. The second largest gold producer globally is Australia with an […]

Read More

The Baltic Dry Shipping Index Just Collapsed To An All-Time Record Low

I was absolutely stunned to learn that the Baltic Dry Shipping Index had plummeted to a new all-time record low of 504 at one point on Thursday.  I have written a number of articles lately about the dramatic slowdown in global trade, but I didn’t realize that things had gotten quite this bad already.  Not even during the darkest moments of the last financial crisis did the Baltic Dry Shipping Index drop this low.  Something doesn’t seem to be adding up, because the mainstream media keeps telling us that the global economy is doing just fine.  In fact, the Federal […]

Read More