• Toronto Housing Market Implodes: Prices Plunge Most On Record
    Aug07

    Toronto Housing Market Implodes: Prices Plunge Most On Record

    Home prices in Canada’s largest city just suffered their biggest monthly drop on record amid government efforts to cool the market and the near-collapse of Home Capital Group spooked speculators. by Tyler Durden (Zero Hedge) Until mid 2017, it appeared that nothing could stop the Toronto home price juggernaut: And yet, In early May we wrote that “The Toronto Housing Market Is About To Collapse“, when we showed the flood of...

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    Total Government And Personal Debt In The U.S. Has Hit 41 Trillion Dollars ($329,961.34 Per Household)
    Aug04

    Total Government And Personal Debt In The U.S. Has Hit 41 Trillion Dollars ($329,961.34 Per Household)

    We are living in the greatest debt bubble in the history of the world.  In 1980, total government and personal debt in the United States was just over the 3 trillion dollar mark, but today it has surpassed 41 trillion dollars. By Michael Snyder (The Economic Collapse blog) We are living in the greatest debt bubble in the history of the world.  In 1980, total government and personal debt in the United States was just over the 3...

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    Cashless Society Alert: Visa Will Be Giving Up To $500,000 To Restaurants That Go ‘100% Cashless’
    Jul19

    Cashless Society Alert: Visa Will Be Giving Up To $500,000 To Restaurants That Go ‘100% Cashless’

    The push toward a cashless society is becoming more of a shove.  Before today I had never heard of “The Visa Cashless Challenge”, but after reading about it I have to say that I am quite alarmed. By Michael Snyder (The Economic Collapse Blog) The push toward a cashless society is becoming more of a shove.  Before today I had never heard of “The Visa Cashless Challenge”, but after reading about it I have to say that I am...

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    Is This The Generation That Is Going To Financially Destroy America?
    Jul16

    Is This The Generation That Is Going To Financially Destroy America?

    Did you know that the federal government is going to spend more than 4 trillion dollars this year?  To put that into perspective, U.S. GDP for the entire year of 2017 is going to be somewhere between 18 and 19 trillion dollars. By Michael Snyder (The Economic Collapse blog) Did you know that the federal government is going to spend more than 4 trillion dollars this year?  To put that into perspective, U.S. GDP for the entire year of...

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    The World Is Now $217,000,000,000,000 In Debt And The Global Elite Like It That Way | The Economic Collapse
    Jul01

    The World Is Now $217,000,000,000,000 In Debt And The Global Elite Like It That Way | The Economic Collapse

    Are You Prepared For The Coming Economic Collapse And The Next Great Depression? By Michael Snyder The borrower is the servant of the lender, and through the mechanism of government debt virtually the entire planet has become the servants of the global money changers.  Politicians love to borrow money, but over time government debt slowly but surely impoverishes a nation.  As the elite get governments around the globe in increasing...

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    2017 Is Going To Be The Worst Retail Apocalypse In U.S. History – More Than 300 Retailers Have Already Filed For Bankruptcy
    Jun14

    2017 Is Going To Be The Worst Retail Apocalypse In U.S. History – More Than 300 Retailers Have Already Filed For Bankruptcy

    Not even during the worst parts of the last recession did things ever get this bad for the U.S. retail industry. By Michael Snyder (The Economic Collapse blog) Not even during the worst parts of the last recession did things ever get this bad for the U.S. retail industry.  As you will see in this article, more than 300 retailers have already filed for bankruptcy in 2017, and it is being projected that a staggering 8,640 stores will...

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