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If The American Dream Is To Own A Home, Then It Hasn’t Been In Worse Shape Since 1967

Home House For Sale Mortgage MortgagesThanks to the “Obama recovery”, the rate of homeownership in the United States has fallen to the lowest level in 48 years.  The percentage of Americans that own a home is widely considered to be a key indicator of the health of the middle class, and we have just learned that during the second quarter of 2015 that number dropped from 63.7 percent to 63.4 percent.  It is now the lowest that it has been since 1967.  Unlike a lot of other government economic statistics, this one is fairly difficult to manipulate.  Either someone owns a home or they do not.  And what the homeownership rate is telling us is that the percentage of Americans that can qualify for a mortgage has been falling dramatically.  Just take a look at the following chart.  This is not just a decline – this is a complete and utter collapse… (Read More...)

The Economic And Financial Problems In Europe Are Only Just Beginning…

Euro Gears - Public DomainRight now, the financial world is focused on the breathtaking stock market crash in China, but don’t forget to keep an eye on what is happening in Europe.  Collectively, the European Union has a larger population than the United States, a larger economy than either the U.S. or China, and the banking system in Europe is the biggest on the planet by far.  So what happens in Europe really matters, and at this point the European economy is absolutely primed for a meltdown.  European debt levels have never been higher, European banks are absolutely loaded with non-performing loans and high-risk derivatives, and the unemployment rate in the eurozone is currently more than double the unemployment rate in the United States.  In all the euphoria surrounding the “deal” that temporarily kept Greece in the eurozone, I think that people have forgotten that the economic and financial fundamentals in Europe have continued to deteriorate.  Whether Greece ultimately leaves the eurozone or not, a great financial crisis is inevitably coming to Europe.  It is just a matter of time. (Read More...)

Violent Crime Is Surging In Major U.S. Cities And The Economy Is Not Even Crashing Yet

Violent Crime - Public DomainDon’t let anyone tell you that crime is going down in America.  All over the United States, rates of violent crime in our major cities are increasing by double digit percentages.  Murders are way up, shootings are way up and rapes are way up.  So what is behind this sudden spike in crime?  In Baltimore, authorities are pointing to the racial tensions that were stirred up by the riots that erupted in protest to the death of Freddie Gray.  But what about the rest of the country?  From coast to coast, we are witnessing a dramatic increase in violent crime, and the economy is not even crashing yet.  So what is going to happen when the next great economic crisis hits us, unemployment skyrockets, and people really start hurting? (Read More...)

Bare Supermarket Shelves In Greece Should Be A Huge Wake Up Call To Millions Of Clueless Americans

Supermarket In Greece - Photo posted by Vasilis Dalianis On TwitterWhat you are watching unfold in Greece right now is eventually going to come to your own neighborhood.  Someday, people living all around you will be storming the supermarkets in a desperate attempt to secure the food and supplies that they neglected to store up when they had the chance.  Of course the Greeks never thought that it would happen to them either.  Their civilization had endured for thousands of years, and they were a part of the most powerful economic alliance on the face of the planet.  Most Greeks never imagined that they would be plunged into a multi-year economic depression that would ultimately lead to “bank holidays”, long lines at ATM machines, and people diving into dumpsters in a frantic search for something to sell.  And this is just the beginning of the chaos in Greece – things are going to get much, much worse for them.  Hopefully, this will serve as a wake up call for millions upon millions of clueless Americans out there, because we are on the exact same path that Greece has gone down.  The sad truth is that no amount of “American exceptionalism” is going to prevent us from suffering the consequences of decades of very foolish decisions.  We are steamrolling toward our own version of economic collapse, and when that time arrives you don’t want to be caught totally unprepared for it. (Read More...)

Unprepared: What Do You Think Would Happen If A Greek-Style Crisis Hit America?

Despair And Depression - Public DomainIn this article, I am going to share with you some statistics that prove that most Americans are completely and totally unprepared for a Greek-style economic crisis.  According to one recent survey, an all-time high 72 percent of all Americans are concerned about an economic downturn, and yet the amount of actual preparation that is taking place for the next economic downturn is very low.  As 2008 has faded into our memories, most Americans have been lulled into a false sense of security.  Most people seem to be far more concerned about the latest exploits and scandals of their favorite celebrities than they are about the very real problems that this nation is steamrolling toward.  Hopefully what is going on in Greece right now will serve as a wake up call, because the truth is that similar things could happen in the United States much sooner than most of us would dare to imagine. (Read More...)

7 Key Events That Are Going To Happen By The End Of September

7 SignIs something really big about to happen?  For months, people have been pointing to the second half of this year for various reasons.  For some, the major concern is Jade Helm and the unprecedented movement of military vehicles and equipment that we have been witnessing all over the nation.  For others, the upcoming fourth blood moon and the end of the Shemitah cycle are extremely significant events.  Yet others are most concerned about political developments in Washington D.C. and at the United Nations.  To me, it does seem rather remarkable that we are seeing such a confluence of economic, political and spiritual events coming together during the second half of 2015.  So is all of this leading up to something?  Is our world about to change in a fundamental way?  Only time will tell.  The following are 7 key events that are going to happen by the end of September… (Read More...)

Prepare Your Homes And Neighborhoods For The Violence That Is Going To Sweep America

Crime - Bloody Handprint - Public DomainThe thin veneer of civilization that we all take for granted on a daily basis is beginning to disappear, and a new era of chaos and anarchy is coming to our cities.  I don’t know if you have noticed, but violence is increasing on the streets of America.  Over Memorial Day weekend, 29 people were shot in Baltimore and 55 people were shot in Chicago.  But of course the trend that I am talking about is much broader than that.  According to the FBI, the number of police officers “feloniously killed” in the line of duty rose by an astounding 89 percent in 2014.  We live at a time when Americans are becoming extremely angry and extremely frustrated, and this is only going to intensify as economic conditions worsen.  But already we have seen some of this anger and frustration boil over into violence in Ferguson and in Baltimore.  And you know what?  The vast majority of Americans expect more of the same in the coming months.  According to a Wall Street Journal/NBC News survey that was recently released, 96 percent of all Americans believe that there will be more civil unrest in America this summer.  What we have seen up until now is just the warm up act.  The main event is still to come. (Read More...)

Michael Snyder Is Coming To Texas, And What He Has To Say Will Shock America

Michael SnyderWhat I am about to do next is going to shock a lot of people.  I am about to get on a plane and fly down to Dallas, Texas where I am going to speak about some things that I have never spoken publicly about before.  On Saturday, April 11th and Sunday, April 12th I am going to be speaking at the Prophecy Club, and I told Stan Johnson that I truly believe that these are the two most important presentations of my entire life.  Over the past six years, I have written more than 1,200 articles about the coming economic collapse, and these articles have been read by millions of people all over the globe.  Now we stand at the precipice of the greatest economic crash in the history of the United States, and what is going to follow that crash is going to absolutely shock the entire planet.  In my presentation on Saturday night, I am going to lay out the most comprehensive warning about the future of America that I have ever come across.  It is going to be a warning message unlike any other.  The following Sunday morning I am going to shift gears.  I am going to present the most hope-filled message that I have ever delivered.  Even if you have been following my websites for years, you are going to be stunned by what I have to share in these two presentations. (Read More...)

What Do They Know? Why Are So Many Of The Super Wealthy Preparing Bug Out Locations?

Gulfstream - Photo by Andre WadmanA lot of ultra-rich people are quietly preparing to “bug out” when the time comes.  They are buying survival properties, they are buying farms in far away countries and they are buying deep underground bunkers.  In fact, a prominent insider at the World Economic Forum in Davos, Switzerland says that “very powerful people are telling us they’re scared” and he shocked his audience when he revealed that he knows “hedge fund managers all over the world who are buying airstrips and farms in places like New Zealand”.  So what do they know?  Why are so many of the super wealthy suddenly preparing bug out locations?  When the elite of the world start preparing for doomsday, that is a very troubling sign.  And right now the elite appear to be quietly preparing for disaster like never before. (Read More...)