Category Archives: Decline

Americans will continue to grow poorer because corporations and politicians are too corrupt to fix the system, and after it breaks, life will get a lot harder

HSBC bank report predicts another financial crisis in 2018

Posted on January 18, 2017 by

[ Bill Hill of the Hill’s group predicted in June 2016 (at a peakoil.com forum): “We expect to have reached permanent depression by the end of 2017. The reduction will not hit all nations the same way. The richer Western … Continue reading →

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Corruption and economic instability in the news

Posted on November 12, 2016 by

[ I can’t keep up with the flood of news about corruption, fraud and economic instability, which is just a symptom of the real problem: the end of growth. In a credit/debit system, lenders won’t lend if they think the … Continue reading →

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Why Deleveraging is so painful

Posted on March 29, 2014 by

Why a recovery is at least 7 years away: Economy Falling Years Behind Full Speed 6 Apr 2009. Louis Uchitelle. New York Times. As the recession grinds on, more and more of the nation’s means of production — its workers, … Continue reading →

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Statistics. Michael Snyder’s “75 economic numbers from 2012”

Posted on December 24, 2012 by

Michael Snyder. 21 Dec 2012. 75 economic numbers from 2012 that are almost too crazy to believe. http://theeconomiccollapseblog.com #1 In December 2008, 31.6 million Americans were on food stamps.  Today, a new all-time record of 47.7 million Americans are on … Continue reading →

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