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economic collapse

03/06/2020 / By JD Heyes

Billionaire investor Ray Dalio warns of “worst-case scenario” with Coronavirus that could wipe out savings and destroy markets

Billionaire investor, hedge fund manager and founder of one of Bridgewater Associates said in an online post this week that the Wuhan coronavirus (COVID-19) has the potential to become a once-in-a-lifetime pandemic. Worse, he noted, though admitting he’s no virus expert, he believes that if the outbreak becomes a global pandemic and ordinary people with […]

03/06/2020 / By Ralph Flores

World Bank commits $12 billion in aid for countries hit by coronavirus, but experts are bracing for a global recession

The World Bank on Tuesday has committed $12 billion in aid to help countries with the health and economic impacts of the global coronavirus (COVID-19) outbreak. The emergency aid package will include low-cost loans, grants and technical assistance, and is designed to provide a fast and reliable response for developing countries, especially those that are […]

02/29/2020 / By Ralph Flores

COVID-19 fears send global markets into a tailspin, U.S. stock market closes its worst week in 10 years

The U.S. stock market capped its worst week since the 2008 financial crisis on Friday, with all major stock indexes tanking over worries that COVID-19 could potentially end one of the longest economic expansions in history and send the global economy into recession. The CDC reports 15 confirmed COVID-19 cases in the U.S., as well […]

02/26/2020 / By News Editors

Covid-19: Global retrenchment will obliterate sales, profits and yes, big tech

If you think global demand will rebound as global debt and confidence implode, you better not be making consequential decisions based on Euphorestra-addled magical thinking. (Article republished from CharlesHughSmith.Blogspot.com) Even before the Covid-19 pandemic, the global economy was slowing for two reasons: 1) everybody who can afford it already has it and 2) overcapacity. One […]

02/21/2020 / By Tracey Watson

Coronavirus poses more than just a global health threat; it could also result in global economic collapse

Whoever came up with the idea of the global village clearly never thought about how a disaster in one part of the village would affect all the other residents. The 2008 global financial crisis is a prime example of why interconnecting the entire planet’s financial health is a seriously bad idea. Depreciation in the subprime […]

02/14/2020 / By JD Heyes

Commerce and economic activity in China comes to virtual standstill amid worsening coronavirus outbreak

What would happen if the world’s second-largest economy were to grind to a halt for any length of time? And what impact would the collapse of the second-largest economy have on global commerce, especially if that country was responsible for grinding out the lion’s share of consumer goods and spare parts for most of the […]

02/09/2020 / By JD Heyes

Coronavirus now disrupting China’s shipping industry, which will lead to collapse of global supply chain

As bad as coronavirus is getting in China where the outbreak originated, the effects of the bug are soon going to be felt the world over, even in places where it has yet to make an appearance. As reported by The Epoch Times, the pandemic is beginning to cause major disruptions in China’s shipping industry […]

06/30/2019 / By JD Heyes

America headed for “absolute catastrophe” of debt collapse, warn Senators… but nobody seems to care

Democratic voters who watched their prospective 2020 presidential candidates over two nights last week were likely enthused by all the free stuff that was being promised. Even to people who aren’t American citizens. In addition to pledging free healthcare for illegal aliens, virtually all 20-odd candidates mentioned new ‘freebie’ programs they would try to enact […]

05/09/2019 / By News Editors

Preparing for the storm: The perfect storm

Out here in the still-free internet, the ether lends itself to utilizing a wide array of digital media as the means to provide source attribution as well as to establish commonality and understanding amongst ourselves. This is, perhaps, the primary reason how internet blogs became the new town square in this millennium. In the old […]

04/02/2019 / By Zoey Sky

Preppers save for a rainy day: Why financial planning is crucial for surviving an economic downturn

As a prepper, one of the first things that you need to learn is the importance of financial preparedness. Don’t wait until an economic collapse before you start settling your debts or saving money. (h/t to TimGamble.com) The basics of financial preparedness Personal, business, or government debt is bad. It will stress you out, and it makes […]

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