U.S. currency in slow collapse as Chinese yuan quietly replaces the petrodollar
Is the end of the U.S. dollar, bolstered largely by the petroleum industry, ebbing? A number of economists and other financial observers and experts agree, and they think that the Chinese yuan is poised to replace the dollar, like the dollar replaced the British Pound Sterling in the last century. As noted by Zero Hedge, Read More
What happens if we’ve run out of cash?
During the Great Depression, people would pay for services with food because they had no money and no credit. The situation was so bad that in some areas of the country, local governments issued their own currencies called depression scrip. The scrip were often pieces of paper used as money because government currency was nowhere to be seen. Read More
Interview with James Wesley Rawles discusses the inevitable breakdown and contraction of the U.S. economy
All News PipeLine has posted a fascinating video of an interview with James Wesley Rawles, a former U.S. Army intelligence officer, and also creator of SurvivalBlog.com. His expertise is in food storage, first aid, firearms, off-the-grid power and communications. Rawles discusses the possibility of the current turbulence in the world, from tensions with Russia to Read More
Entire global financial system can go crashing down with one “small” glitch
The bankruptcy of the Lehman brothers was a huge loss for everyone involved, except the super-wealthy who often emerge from financial crises without a scratch. While everyone remembers this crash with post-traumatic clarity, there are other glitches that are lesser known but that were almost equally destructive. This glitch described by Zero Hedge illustrates just how easily Read More
Global stocks in freefall mode as economic collapse unfolds
China, the world’s second-largest economy, continues to show signs of a sharp slowdown, unnerving investors everywhere as markets begin falling worldwide. According to Jim Cramer, the Chinese market needs to reset. By his estimation, the Shanghai Composite Index needs to lose 35 to 40 percent of its value. Before that happens, if it does, he warns Read More
China currency war fears causing collapse in U.S. stock market
Americans and people all over the world are still traumatized from the 2007 and 2008 crash that altered world economies. In many ways, we are still recovering from that crisis and countless people and regions worldwide are still recovering. Think Greece, and Brazil; these countries have never fully recovered. So when the headlines today are sounding Read More
World economy’s doomsday clock strikes minute to midnight as financial system collapses
Seven-odd years ago, when the banking crisis in the United States eviscerated global financial markets, central bankers stepped into the breach as last-resort lenders. Risky loans from the private sector were transferred onto the public-sector balance sheet, and unrestrained money printing (called “quantitative easing”) seemed to provide a short-term fix in helping the global economy Read More
