The exponentially-rising chart below shows what hyperinflation in a destroyed socialist economy looks like.
November 2016
Venezuelans Resort To Weighing Cash As Hyperinflation Builds
It’s also one of the clearest signs yet that hyperinflation could be taking hold in a country that refuses to publish consumer-price data on a regular basis. October 2016
December 1, 2016
Inflation in Venezuela is expected to reach 720 per cent this year, with the largest bolívar bill now worth just five US cents on the black market.
Some shopkeepers have reportedly taken to weighing rather than counting the wads of cash customers hand them, and standard-size wallets have become all but useless in the socialist South American state. Instead, many people stuff huge volumes of cash into handbags, money belts, or backpacks, in scenes analysts have said are suggestive of “runaway” inflation.
What is happening to Globalization?
What next? March 15, 2017
Durable Goods Orders have gone nowhere for five years...
A very different picture to the never-ending surge in the stock market.
It's the "new economy" stupid! You just don't get it!
The last two times that Durable Goods Orders slumped like this, the stock market collapsed... But, it must be different this time… March 24, 2017
102 Million Working Age Americans Do Not Have A Job June 2017
12 Indications That The Next Major Global Economic Crisis Could Be Just Around The Corner
May 2018 Michael Snyder
As Statista's Niall McCarthy notes, like last year, corruption of government officials came top in 2017, with 74.5 percent of U.S. adults saying it makes them "afraid" or "very afraid”.
As of September 2015, another 261,000 Americans dropped out of the labor force, as a result pushing the total number of US potential workers who are not in the labor force, to a record 94 million, an increase of 1.8 million in the past year, and a whopping 14.9 million since the start of the second great depression in December 2007. They are no longer officially counted as “unemployed” - so the unemployment rate has ‘dropped’ - to 5.1%. The charts really speak for themselves.
The persons out of the workforce are now supported by those who are employed. Can this continue?
During The Coming Economic Crisis Two-Thirds Of The Country Will Be Out Of Cash Almost Immediately October 2016
Visualizing the Size of the US Debt Sept 2016
Global Central Banks Are All-In:
QE Running At Record $180 Billion Per Month (And Rising)
July 2016
The $555 Trillion Derivatives Debt Implosion Is About to Begin June 2016
"This has a corrosive effect that will not go away.” Alan Greenspan, FORMER FED RESERVE CHAIRMAN
"Brexit Makes EU Disintegration Irreversible"
Could this be the realization of the image interpretation in Daniel 2: 41,42, 43 ?
15 Facts About The Imploding U.S. Economy That The Mainstream Media Doesn’t Want You To See by Michael Snyder June 2016
US federal personal tax receipts receipts are falling fast. So is the Evercore ISI State Tax Survey.
The last two times the survey plunged this much, the US was already in recession. Is it different this time?
June 2016
ZeroHedge 2015
Freight Rail Traffic Plunges: Haunting Pictures of Transportation Recession
by Wolf Richter • May 4, 2016
Hyperinflation Looks Familiar…June 15, 2016
The Stock Markets Of The 10 Largest Global Economies Are All Crashing September 25, 2015 submitted by Michael Snyder click here to read
The Pope Is Going to Tell You What Lies In Your
Future and You Better Listen August 2015
Webmaster note:
We do not endorse the linked article or its links in its entirety but it does present some startling possible scenarios in the very near future. We do not know Dave Hodges' theology or doctrinal beliefs but we do see the fulfillment of Revelation 13:3 at the door.
"And I saw one of his heads as it were wounded to death, and his deadly wound was healed: and all the world wondered after the beast.”
Greece - Bailed Out Again. The chart below tells the story.
UPDATED DEC 2015
27 Major Global Stocks Markets That Have Already Crashed By Double Digit Percentages In 2015
Global Trade Just Snapped: Container Freight Rates Plummet 70% In 3 Weeks
November 21, 2015
China's Hard-Landing Has Arrived: Chinese Coal Company Fires 100,000
Zero Hedge 9/27/2015
In a move that would make even Hewlett-Packard's Meg Whitman blush, Harbin-based Heilongjiang Longmay Mining Holding Group, or Longmay Group, the biggest met coal miner in northeast China which has been struggling to reduce massive losses in recent months as a result of the commodity collapse, just confirmed China's "hard-landing" has arrived when it announced on its website it would cut 100,000 jobs or 40% of its entire 240,000-strong labor force.
Alarm Bells Go Off As 11 Critical Indicators Scream The Global Economic Crisis Is Getting Deeper
By Michael Snyder, on December 2nd, 2015
We Just Witnessed The Greatest One Day Global
Stock Market Loss In World History June 26, 2016
Black Friday: Shocking Brexit Vote Result Causes The
9th Largest Stock Market Crash In U.S. History June 24, 2016
Lowest Ever: The Baltic Dry Index Plunges To 394 As Global Trade Grinds To A Standstill January 14, 2016
The BDI is a good indicator in the flow of goods across “23 shipping routes measured on a timecharter basis, the index covers Handysize, Supramax, Panamax, and Capesize dry bulk carriers carrying a range of commodities including coal, iron ore and grain."
As a comparison, the record high for the BDI was set in May, 2008 - at 11,793
UPDATE: Baltic Dry Index drops to 373 January 15, 2016
UPDATE: Baltic Dry Index drops to 369 January 19, 2016
UPDATE: Baltic Dry Index drops to 354 January 25, 2016
UPDATE: Baltic Dry Index drops to 345 January 27, 2016
UPDATE: Baltic Dry Index drops to 317 January 29, 2016
UPDATE: Baltic Dry Index drops to 310 February 2, 2016 - Read current story
UPDATE: Baltic Dry Index drops to 303 February 4, 2016
UPDATE: Baltic Dry Index drops to 293 February 9, 2016
UPDATE: Baltic Dry Index drops to 290 February 10, 2016
UPDATE: Baltic Dry Index rises to 335 March 2, 2016
UPDATE: Baltic Dry Index rises to 342 March 3, 2016
UPDATE: Baltic Dry Index rises to 384 March 10, 2016
UPDATE: Baltic Dry Index rises to 393 March 14, 2016
UPDATE: Baltic Dry Index rises to 396 March 15, 2016
Yet China Freight Index Collapses To Fresh Record Low March 15, 2016
Go Figure…
July 12, 2015
"It's Not Possible To Reach A Deal Today" - EU Summit Canceled As Leaders Scramble To Keep The Dr€am Alive
It was a weekend in which, according to traders, Greece facing an "absolutely final" was going to be saved. Instead, it may go down in history as the weekend in which the Eurozone finally split and its long-overdue disintegration began.
And for anyone confused by the constant barrage of conflicting headlines and feigned optimism, here's a breakdown of who's who at the table and where they stand on Grexit (incidentally, this also gives you an idea of just how divided Europe has truly become):
We know from the prophecies of Daniel 2 the European Union would not hold together. Miry clay and iron do NOT mix and this video nails that down as current events now reveal the unraveling of that effort. July 9, 2015
July 5, 2015
Greek Referendum Results In Landslide "No” Victory. They have voted to NOT continue paying their debt to the European Union, banks and creditors. The European Union is starting to crumble domino style.
Iron and Miry clay will not mix. Daniel 2:43
Update 2: with virtually all polling completed, the final result is 61.3% No, 38.7% Yes - a whopping rejection of Troika hegemony which may also be the final nail in any negotiations between Greece and the Eurogroup.
The Economic Collapse Blog/Website Has Issued A
RED ALERT For The Last Six Months Of 2015 June 25, 2015
UPdated September 1, 2015
Grexit? Maybe so. June 15, 2015
10 Charts Which Show We Are Much Worse Off Than Just Before The Last Economic Crisis March 21, 2015
Most Americans Are Slaves - And They Don’t Even Know It
Let’s say your country had a lot of gold. And let’s say your country prints yuan. Next, your country links yuan to gold. Now, who wants dollars?
Revelation 13:11 prophecies the last beast comes out of the earth, not the sea. All indications are this refers to the United States. The US is the last world power before Jesus returns in power and majesty to take His children home. There is no other world power arising before Jesus second coming. Events in many areas show this will be very soon!
This Is One Of The Biggest Problem Facing The World Today: 9 Countries Have Debt-To-GDP Over 300%
Gross Domestic Product (GDP) is the best way to measure a country's economy. It includes everything produced by all the people and companies that are in the country.
The Shadow Of Crisis Has Not Passed Feb 11, 2015
Very alarming financial and political events are happening now in Europe and are in a state of flux. News will be added here as events unfold. Feb 8, 2015
Updated Feb 10
Updated Feb 16
UPDATED FEB 20, 2015
Greece caved in to the EU…
"We remain committed to provide adequate support to Greece until it has regained full market access as long as it honours its commitments within the agreed framework."
The can is still in the road and has been kicked 4 months into the future. It will be interesting to see what Italy, France and Spain do now as they are also all in financially precarious positions.
The situation remains unstable.
UPDATE FEB 26,2015
"NEIN" - Germany's Bild Has A Message For Greece: "No More Billions For Greedy Greeks” One day ahead of a key vote in the German Bundestag whether to ratify the 4-month Greek bailout extension, the biggest-selling, mass-market newspaper (or tabloid as some call it) with a circulation of 2.5 million, Bild, has made it very clear just how it feels about the latest Greek can kicking event.
UPDATE FEB 26, 2015
Greece Suffers Biggest Bank Run In History: January Deposits Plunge To 2005 Levels
Update Feb 27, 2015
Germany's parliament has approved an extension of Greece's financial bailout for a further four months. The outcome of the vote was never in doubt, despite misgivings about recent comments by the Greek finance minister.
So what happens in July ?
UPDATE March 8, 2015
Greece "Risks Bankruptcy" As Europe Rejects Varoufakis Payment Plan; Another Referendum Fiasco Ensues
Greece is back to square minus one, where first Europe will send the dreaded Troika inspectors "on the ground" in Athens to catch up to everything they have missed in the months they have been absent and then, and only then, does Greece have any chance of even being seriously considered for more aid.
The problem is that this will come far too late to satisfy not only the upcoming IMF payments (as a reminder these are due as follows: €350 million on March 13, €580 million on March 16 and another €350 million on March 20), but now that Greece no longer has access to the various pension and social security funding "swaps" it may even be unable to rollover its next T-Bill maturity. Recall Greece has a total of €2 billion in debt-servicing payments, including T-bill redemptions and IMF obligations coming due on Friday.
As for the semantics of the referendum, they all boil down to the same thing: Syriza would be asking the voters to resolve two contradictory ideals: either the Greeks concede to austerity, or they agree to exiting the Eurozone. Because for Greece there no longer is a compromise, middle ground.
Sadly, there is no money either - and the bank run continue…
UPDATE MARCH 22, 2015
Germany Gives Greece One Final Ultimatum After Friday's "Optimistic" Talks Devolve Into Disagreement And Confusion
"Yes Alexis, time is running out. Fast."
Iron and Miry clay will not mix. Daniel 2:43
The Head Of ‘The Central Banks Of The World’ (BIS) Warns That Another Great Financial Crisis May Be Coming
Michael Snyder July 2014
The Global Monetary Reset Is Under Way December 21, 2014
Something Big Happening Right Now Which Explains Why US Is Overtly Preparing For Civil Unrest Dec 2, 2014
It is Possible, The Money in Your Bank Account Was Stolen This Morning. I hestiated to post this. It is so alarmist. And yet, if it has merit then I would have been negligent not to. November 16, 2014
Here Is Your "Global Recovery" In 24 Charts
Most People Cannot Even Imagine That An Economic Collapse Is Coming November 2, 2014
What Will Happen When the Dollar Collapses?
Who Is The New Secret Buyer Of U.S. Debt?
Wealth Re-Distribution at the Highest Prophetic Level - 2014
12 Numbers About The Global Financial Ponzi Scheme
The numbers that you are about to see are likely to shock you. - June 2014