The Era of Free Money Has Ended As a prepper, you are always thinking about how to prepare for a future crisis or disaster. One of the most significant threats to your financial stability is inflation. Inflation is the rate at which the price of goods and services increases over time. It can erode the … Read more
The United States has Encountered a Force it Cannot Stop Today, the United States has the privilege of issuing the global reserve currency. All around the world, countries save and transact with US dollars due to the Bretton Woods Agreement and the petrodollar system. The petrodollar system, which spawned from an oil deal between the … Read more
Introducing Michael Snyder of The Economic Collapse Blog Michael Snyder is a very busy man. He runs The Economic Collapse Blog, End Of The American Dream, and The Most Important News, three heavily trafficked websites. He’s the author of five books and frequently appears on radio and television. Michael is concerned about the direction our … Read more
Governments and Corporations Were Unprepared Prior to the coronavirus pandemic, the S&P 500 was hovering around all time highs. The US government had cut corporate tax rates during a decade long bull market. The federal reserve kept interest rates low, which encouraged continued debt-fueled spending. Publicly traded companies repurchased their shares on the open market, … Read more
One of the Most Important Preps is Financial Preparedness Prepping isn’t simply about buying supplies for a bug out bag. It’s a philosophical way of life. One of the most important components of the prepper philosophy is financial preparedness. Preppers should learn to be frugal, so they can save up for a rainy day. More … Read more
Trading After SHTF If SHTF, the banknotes we use as a medium of exchange today would effectively be worthless. United States dollars only have value because they’re backed by the strength of the US government. If the US government loses its power following a SHTF event, what would we use to trade? How can we … Read more
This Isn’t Your Typical List The economy is beginning to show signs of a nearing recession. The yield curve has again become inverted. The trade war between the US and China continues on. And Europe is a mess. There are plenty of potential catalysts that could make the shaky market completely quake. Many people sense … Read more
Blackstone Sets a New Fundraising Record Blackstone, the biggest private equity firm in the world, will soon have the biggest fund in the world. Its latest flagship fund has already surpassed $22 billion, which puts it on target to exceed Apollo’s record $24.7 billion fund. SoftBank proved that investors have a venture capital appetite strong … Read more
Profit at the Expense of Patients A couple weeks ago, I booked an appointment with a dermatologist to get a skin condition looked at. It’s nothing serious, but it nevertheless needs to be treated. The appointment was confirmed with an M.D. at a location I had visited previously. Prior to being seen, I waited in … Read more
China and Russia Stockpile Gold While Gold Prices Are Artificially Low China is aggressively buying gold in an effort to build its reserves. While it has not been selling off its US dollar holdings, there’s evidence to suggest China wants gold to upend the US dollar as the global reserve currency of choice. The US … Read more