Category Archives: Economy

Black Monday: Stock Markets Collapse Amid Global Sell-Off

Infowars | August 24, 2015

By Kit Daniels

The Dow Jones Industrial Average fell 1,000 points on Monday amid a huge decline in Chinese stocks and a global sell-off.

The drop was the Dow’s biggest since 2008 and even though the index recovered some of the losses, the Dow was still down over 400 points as of late morning.

Stock up on canned food for stock market crash, warns former Gordon Brown adviser

The Independent | August 24, 2015

By Jon Stone

A former adviser to Gordon Brown has urged people to stock up on canned goods and bottled water as stock markets around the world slide.

Greek villagers’ secret weapon: Grow your own food

AP | July 3, 2015

By GREGORY KATZ

Ilias Mathes has protection against bank closures, capital controls and the slashing of his pension: 10 goats, some hens and a vegetable patch.

Signs Of Financial Turmoil In Europe, China And The United States

Economic Collapse Blog | June 19, 2015

By Michael Snyder

As we move toward the second half of 2015, signs of financial turmoil are appearing all over the globe. 

24 Reasons Why Millennials Are Screaming Mad About Our Unfair Economy

Economic Collapse | November 12, 2014

By Michael Snyder

Do you want to know why Millennials seem so angry?  We promised them that if they worked hard, stayed out of trouble and got good grades that they would be able to achieve the “American Dream”. 

Global economy one shock away from another crisis

The Telegraph | August 5, 2014

By Szu Ping Chan

The world is sliding towards another debt-ridden disaster, with the eurozone and China one shock away from a fresh crisis, according to a leading economics consultancy.

Fathom Consulting, which is run by former Bank of England economists, said current levels of low volatility masked systemic risks in the global financial system.

Billionaire Warns: Yellen Collapse ‘Will Be Unlike Any Other’

Money News | July 21, 2014

Another horrific stock market crash is coming, and the next bust will be “unlike any other” we have seen.

That’s the message from Jeremy Grantham, co-founder and chief investment strategist of GMO, a Boston-based firm with $117 billion in assets under management.