U.S. food supply more vulnerable than ever after government sold off emergency grain reserves
The U.S. once had extensive grain reserves, a concept derived around the time of the Great Depression. It was said to be so vast, that in the event of a food shortage, the government would have been capable of providing each American with half a loaf of bread, writes Michael Snyder on the Economic Collapse 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
HAPPENING NOW: China’s unfolding market crash resembles 1929’s Black Thursday, plunging world economy into depression
Chinese stocks are believed to drop 9 percent again in the next four to five days. The losses could be as bad as the losses that occurred during U.S. exchanges in the Wall Street crash of 1929, according to Thomas DeMark, founder and CEO of DeMark Analytics. DeMark reports that the upheaval on the Shanghai Read More
