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Category Archives: Decline
HSBC bank report predicts another financial crisis in 2018
[ 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
Posted in Crash Coming Soon, Decline
Tagged HSBC bank, peak oil
Comments Off on HSBC bank report predicts another financial crisis in 2018
Corruption and economic instability in the news
[ 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
Posted in ! About Corruption, Decline, Other Experts
Tagged bubble, corruption, debt, financial crash, index
2 Comments
Why Deleveraging is so painful
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
Posted in Decline
Comments Off on Why Deleveraging is so painful
Statistics. Michael Snyder’s “75 economic numbers from 2012”
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
Posted in Decline, Economic Instability
Comments Off on Statistics. Michael Snyder’s “75 economic numbers from 2012”