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Michael Snyder

Blogger, The Economic Collapse Blog
Contributor's Links: The Economic Collapse Blog Book: The Beginning of the End The American Dream Blog
Michael T. Snyder is a former Washington D.C. attorney who now publishes The Economic Collapse Blog. His new thriller entitled “more
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We Just Witnessed The Worst Week For Global Financial Markets In 3 Years
Monday, December 15, 2014 5:02 AM EDT
Is this the start of the next major financial crisis? The nightmarish collapse of the price of oil is creating panic in financial markets all over the planet.
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14 Facts That Prove That The Number Of Children Living In Poverty This Christmas Is At A Record High
Thursday, December 11, 2014 4:17 AM EDT
Did you know that 65 percent of all children in the United States live in a home that receives aid from the federal government? We live at a time when child poverty in America is exploding.
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Not Just Oil: Guess What Happened The Last Time Commodity Prices Crashed Like This?
Tuesday, December 9, 2014 9:58 PM EDT
This isn’t just about oil. This is a broad-based commodity decline, and if it continues it is really bad news for the U.S. economy.
In this article: BIK, JJC (RETIRED), USO
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Anyone That Believes That Collapsing Oil Prices Are Good For The Economy Is Crazy
Tuesday, December 9, 2014 6:14 AM EDT
Are much lower oil prices good news for the U.S. economy? Only if you like collapsing capital expenditures, rising unemployment and a potential financial implosion on Wall Street.
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New Law Would Make Taxpayers Potentially Liable For TRILLIONS In Derivatives Losses
Monday, December 8, 2014 4:13 AM EDT
If the quadrillion dollar derivatives bubble implodes, who should be stuck with the bill? Well, if the “too big to fail” banks have their way it will be you and I.
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‘Near Perfect’ Indicator That Precedes Almost Every Stock Market Correction Is Flashing A Warning Signal
Friday, December 5, 2014 4:30 AM EDT
If you are looking for a “canary in the coal mine” for the U.S. stock market, just look at high yield bonds.
In this article: SHLD, SPX, DJI
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Plummeting Oil Prices Could Destroy The Banks That Are Holding Trillions In Commodity Derivatives
Wednesday, December 3, 2014 8:26 PM EDT
It has been estimated that the six largest “too big to fail” banks control $3.9 trillion in commodity derivatives contracts.
In this article: CLR, XLF
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The Retail Apocalypse Accelerates: Collapsing Holiday Sales Are A Signal That A Recession Is Coming
Monday, December 1, 2014 5:40 PM EDT
According to the National Retail Federation, 5.2 percent fewer Americans shopped online or at retail stores over the past weekend.
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Guess What Happened The Last Time The Price Of Oil Crashed Like This
Monday, December 1, 2014 5:01 AM EDT
There has only been one other time in history when the price of oil has crashed by more than 40 dollars in less than 6 months.
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Did We Just Witness The Last Great Black Friday Celebration Of American Materialism?
Friday, November 28, 2014 5:33 PM EDT
Americans are going to spend more than 600 billion dollars this Christmas season, and on Friday we got to see our fellow citizens fight each other like rabid animals over foreign-made flat screen televisions and Barbie dolls.
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Are You Better Off This Thanksgiving Than You Were Last Thanksgiving?
Friday, November 21, 2014 5:48 PM EDT
Are you in better shape financially than you were last Thanksgiving? If so, you should consider yourself to be very fortunate because most Americans are not.
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10 Examples Of The Social Decay That Is Eating Away At America Like Cancer
Friday, November 21, 2014 4:46 AM EDT
Something is happening to America that no amount of money will be able to fix.
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21 Facts That Prove That Dependence On The Government Is Out Of Control In America
Wednesday, November 19, 2014 7:29 AM EDT
Today, the American people collectively receive more money from the government than they pay in taxes.
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3 Of The 10 Largest Economies In The World Have Already Fallen Into Recession – Is The U.S. Next?
Wednesday, November 19, 2014 4:14 AM EDT
Are you waiting for the next major wave of the global economic collapse to strike? Well, you might want to start paying attention again.
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24 Reasons Why Millennials Are Screaming Mad About Our Unfair Economy
Wednesday, November 12, 2014 3:17 AM EDT
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".
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If Everything Is Just Fine, Why Are So Many Really Smart People Forecasting Economic Disaster?
Tuesday, November 11, 2014 3:40 AM EDT
The Dow and the S&P 500 both hit record highs on Monday, margin debt on Wall Street is hovering near record levels, the unemployment rate has ticked down.
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