China’s & Russia’s Currency War on the Dollar

Posted September 2, 2015 By David Haggith
BurningMoneyPlane

About a year ago, I said the Chinese economy would not crash, but that it would come in for a controlled landing as Beijing sought to lower it to a target of 7% growth — still excellent growth. So, there’s one I appear to have gotten wrong, given that China is starting to look like a train wreck. At […]

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Look Around You And See Where We Are Now

Posted August 30, 2015 By David Haggith
What road is our economy on. Where are we going from here?

If you want to understand what is on our event horizon right now — as the blurb about this blog in the sidebar says the blog is about — look around you without rose-colored glasses. Take off the funky shades and see what reality really looks like. Here is how we got to where we are now: […]

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S&P-Five-Year-Trends

The one prediction I’ve made over the past years on this blog that came the closest to looking wrong has taken some time to gain perspective on. When I predicted the stock market would crash in the fall of 2014, it did take a big plunge, but it immediately spiked back up, so I couldn’t exactly call […]

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A Simple List of Current Causes of Global Economic Collapse

Posted August 27, 2015 By David Haggith
John [CC BY-SA 2.5 (http://creativecommons.org/licenses/by-sa/2.5)], via Wikimedia Commons

Here is a clear and simple list of the pressures that are building toward global economic collapse. All of the following toxic elements are pouring into the global economic mix at the same time to where I am certain this toxic brew will blow up this fall. The foreshocks are already being felt.   Shrinkage in production and consumption […]

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How the Coming Global Economic Collapse will Play Out

Posted August 24, 2015 By David Haggith
David-goliath28

I feel like David versus Goliath. The Goliaths are the fantasy fund managers, the T.V. economists and the centrally bloated bankers that nearly the entire world listens to, even though they were gravely wrong in not seeing the Great Recession coming. Far more people listen to their aspirations than listen to my beliefs about a coming global economic […]

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Illegal Immigrants Outnumber Unemployed Americans

Posted July 29, 2015 By David Haggith
By Rrenner (Own work) [CC BY 3.0 (http://creativecommons.org/licenses/by/3.0)], via Wikimedia Commons

The number of illegal immigrants in the United States totaled 11.3 million in 2014, outnumbering the 9.6 million Americans who were unemployed in the same year, according to data from Pew Research Center and the Bureau of Labor Statistics (BLS). “The new unauthorized immigrant total includes people who cross the border illegally as well as […]

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Bursting Bubbles: China’s Bubble Burst, What Next?

Posted July 28, 2015 By David Haggith
Wall Street bubbles being blown everywhere

Bubble, bubble, we’ve got trouble. China’s market turned to rubble. Wonder, wonder who comes next? Burst your bubble; read this text.   U.S. stock market’s hot-air balloon ride has already ended   With China’s bubble burst, you might want to re-examine the U.S. stock market if you have ever enjoined the illusion that the market’s growth […]

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The Trump Card of American Politics

Posted July 18, 2015 By David Haggith
By DonkeyHotey [CC BY-SA 2.0 (http://creativecommons.org/licenses/by-sa/2.0)], via Wikimedia Commons

I would have a hard time voting for Donald Trump. I would have a hard time not voting for Donald Trump. Trump serves himself first. He’s a cartoon of bombast and ego. He has used political campaigns frivolously just to generate media attention and then backed out of the race when it got real. Yet, Donald Trump and Bernie Sanders […]

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By Kuebi = Armin Kübelbeck (Own work) [GFDL (http://www.gnu.org/copyleft/fdl.html) or CC-BY-SA-3.0 (http://creativecommons.org/licenses/by-sa/3.0/)], via Wikimedia Commons

The deal force-fed to Greece by the Germans guarantees Grexit 2015. Look at all that this deal has embedded into its terms, and you’ll see how a Grexit is now assured. This new eurodeal creates all the chemistry necessary for an explosion. Yet, the stock markets rose today because people are excited that, at last, a deal is […]

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The Great Global Economic Trainwreck

Posted July 9, 2015 By David Haggith
By Photo credited to the firm Levy & fils by this site. (It is credited to a photographer "Kuhn" by another publisher [1].) (the source was not disclosed by its uploader.) [Public domain], via Wikimedia Commons

Granted, global economic collapse can’t be declared as a fact yet, but train wrecks take time. A train doesn’t just crash like a car; it keeps crashing, piling car upon car, banging, tearing out trees, bending steel, plowing up rails, smashing buildings … until all the momentum is finally exhausted to the last squeak. It didn’t take […]

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By user:Paolo Bottazzi (Own work) [CC BY-SA 3.0 (http://creativecommons.org/licenses/by-sa/3.0) or GFDL (http://www.gnu.org/copyleft/fdl.html)], via Wikimedia Commons

Nonie Darwish is a woman born in Egypt as a Muslim. The following is a paraphrased description of her latest book, Joys of Muslim Women, in which she offers descriptions of her long experience inside of Islam: (As terrorism from Islamic Fundamentalists and war with Islamic Fundamentalists is very much a part of our current economic equation, I am […]

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Predicting a 2015 Economic Collapse

Posted June 26, 2015 By David Haggith
Dorothea Lange [Public domain], via Wikimedia Commons

The entire globe is now descending into an economic collapse that will be far worse than anyone alive has ever seen or even heard of, and I can readily show you why you should believe this prediction about a 2015 economic collapse. I will show you with a level of verification that most people cannot offer. The premise is simple: if my […]

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A 2015 US Recession is Now on the Table

Posted May 29, 2015 By David Haggith

Today, the question on the table changed from “Will there be a US recession in 2015?” to “Is the US in recession?” I’ve stated in this blog that the first quarter’s growth in GDP would likely be revised down to a recessionary number. That happened today. The US government and most economists define a recession […]

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Balts Should Pay for Baltimore Riots!

Posted May 28, 2015 By David Haggith

The City of Baltimore wants the federal government to pay for the Baltimore riots, which it estimates to have cost the city $20 million. And the state of Maryland is begging to have Baltimore declared a disaster zone in a disaster entirely of its own making in order to qualify for government handouts. Such is the climax of our bailout […]

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