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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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This Is About As Good As Things Are Going To Get For The Middle Class – And It’s Not That Good
Tuesday, September 23, 2014 3:16 AM EDT
The U.S. economy has had six full years to bounce back since the financial collapse of 2008, and it simply has not happened.
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Scam Alert: Hospitals All Over America Are Wildly Inflating Medical Bills
Monday, September 22, 2014 4:52 AM EDT
The next time you visit a hospital, it is your wallet that may end up hurting the most. All over the United States, it has become common practice for hospitals to wildly inflate medical bills.
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The Dow And S&P 500 Soar To Irrational Heights – Meanwhile The Ultra-Wealthy Rush To Buy Gold Bars
Friday, September 19, 2014 3:42 AM EDT
Did you know that the number of gold bars being purchased by ultra-wealthy individuals has increased by 243 percent so far this year? If stocks are just going to keep soaring, why are they doing this?
In this article: GLD
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The Era Of Widespread Biometric Identification And Microchip Implants Is Here
Tuesday, September 16, 2014 10:47 PM EDT
Are you ready to have your veins scanned every time you use your bank account? Are you ready to use a "digital tattoo" or a microchip implant to unlock your telephone? Well get ready, they're here...
In this article: BCS, BABA
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30 Million Americans On Antidepressants And 21 Other Facts About America’s Pharmaceutical Love Affair
Monday, September 15, 2014 6:16 PM EDT
The number of Americans addicted to legal drugs is far greater than those addicted to illegal drugs. Has there ever been a nation more hooked on drugs than the United States? Here are 22 facts about American's love affair with pharmaceuticals...
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The U.S. National Debt Has Grown By More Than A Trillion Dollars In The Last 12 Months
Monday, September 15, 2014 6:21 AM EDT
The idea that the Obama administration has the budget deficit under control is a complete and total lie. According to the U.S. Treasury, the federal government has officially run a deficit of 589 billion dollars for the first 11 months of fiscal year 2014.
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Vote YES On Scottish Independence – Scotland Finally Has A Chance To Get Free From The British
Friday, September 12, 2014 4:19 AM EDT
Scottish voters finally have the opportunity to fulfill William Wallace's dream of a Scotland that is free and independent of England forever. All they have to do is vote yes next week.
In this article: RBS
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Small Business Ownership In America Is At An All-Time Low
Tuesday, September 9, 2014 4:42 AM EDT
According to the Federal Reserve, the percentage of American families that own a small business is at the lowest level that has ever been recorded. In a report that was just released entitled "Changes in U.S. Family Finances from 2010 to 2013: Evidence from the Survey of Consumer Finances"...
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If The Economy Is Recovering, Why Is The Labor Force Participation Rate At A 36 Year Low?
Monday, September 8, 2014 10:10 PM EDT
An all-time record high 92,269,000 Americans of working age did not "participate in the labor force". And when you throw in the people that are "in the labor force" but are not currently employed, that pushes the total jobless to over 100 million.
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Most People Don’t Believe It, But We Are Right On Schedule For The Next Financial Crash
Friday, September 5, 2014 8:26 AM EDT
People have such short memories. Even though we are repeating so many of the same patterns that we witnessed in 2000-2001 and 2007-2008, most people do not think that another financial crash is coming.
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The Seven Year Cycle Of Economic Crashes That Everyone Is Talking About
Tuesday, September 2, 2014 11:36 PM EDT
Many believe that an economic crash is coming next year based on a seven year cycle of economic crashes that goes all the way back to the Great Depression. Is there something to this, or is it utter rubbish. Here are the facts, you decide...
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Wall Street Admits That A Cyberattack Could Crash Our Banking System At Any Time
Thursday, August 28, 2014 9:54 PM EDT
Wall Street banks are getting hit by cyber attacks every single minute of every single day. It is a massive onslaught that is not highly publicized because the bankers do not want to alarm the public.
In this article: BAC, C
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We Now Have Scientific Proof That People Are Getting Stupider
Thursday, August 28, 2014 6:07 PM EDT
Average IQs are dropping all over the globe, SAT scores in the U.S. have been declining for decades, and scientists have even discovered that our brains have been getting smaller over time.
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30 Stats To Show To Anyone That Does Not Believe The Middle Class Is Being Destroyed
Thursday, August 21, 2014 6:00 AM EDT
The 30 statistics that you are about to read prove beyond a shadow of a doubt that the middle class in America is being systematically destroyed.
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Why So Much Anger In Ferguson? 10 Facts About The Massive Economic Gap Between White America And Black America
Tuesday, August 19, 2014 3:52 AM EDT
Many of them have absolutely no idea that the unemployment rate for black Americans is more than twice as high as it is for white Americans or that the average white household has 22 times as much wealth as the average black household.
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NAFTA Is 20 Years Old – 20 Facts That Show How It Is Destroying The Economy
Thursday, August 14, 2014 10:45 PM EDT
Back in '92 Bill Clinton promised that NAFTA would increase the number of high quality jobs and reduce illegal immigration. Well, it turns out that he was completely wrong about NAFTA. The following are 20 facts that show how NAFTA is destroying the economy.
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