Michael Snyder

This tag is associated with 79 posts

A New Digital Cash System Was Just Unveiled At A Secret Meeting For Bankers In New York

By Michael Snyder Last month, a “secret meeting” that involved more than 100 executives from some of the biggest financial institutions in the United States was held in New York City.  During this “secret meeting“, a company known as “Chain” unveiled a technology that transforms U.S. dollars into “pure digital assets”.  Reportedly, there were representatives … Continue reading

The U.S. Economy Officially Joins The Global Economic Slowdown

By Michael Snyder Even the government is admitting that the U.S. economy is slowing down.  On Thursday, we learned that U.S. GDP grew at just a 0.5 percent annual rate during the first quarter of 2016.  This was lower than analysts were anticipating, and it marks the third time in a row that the GDP number … Continue reading

Economy In Decline: Apple Reports Massive Revenue Decline As iPhone Sales Plummet Dramatically

By Michael Snyder Corporate revenues in the United States have been falling for quite some time, but now some of the biggest companies in the entire nation are reporting extremely disappointing results.  On Tuesday, Apple shocked the financial world by reporting that revenue for the first quarter had fallen 7.4 billion dollars compared to the … Continue reading

What U.S. Economic Recovery? — 1 Out Of Every 5 Households Have No Job

By Michael Snyder If nobody is working in one out of every five U.S. families, then how in the world can the unemployment rate be close to 5 percent as the Obama administration keeps insisting? The truth, of course, is that the U.S. economy is in far worse condition than we are being told. Last … Continue reading

47 Percent Of Americans Cannot Even Come Up With $400 To Cover An Emergency Room Visit

By Michael Snyder If you had to make a sudden visit to the emergency room, would you have enough money to pay for it without selling something or borrowing the funds from somewhere?  Most Americans may not realize this, but this is something that the Federal Reserve has actually been tracking for several years now.  … Continue reading

Why Are Thousands Of Millionaires Fleeing Chicago And Other Major Cities Around The World?

By Michael Snyder The elite are fleeing major cities around the globe at a staggering rate.  In fact, the Chicago Tribune is reporting that approximately 3,000 millionaires left the city of Chicago alone during 2015.  The same study discussed in that Chicago Tribune article found that 7,000 millionaires left Paris, France last year.  So why is … Continue reading

Economic Collapse Is Erupting All Over The Planet As Global Leaders Begin To Panic

By Michael Snyder Mainstream news outlets are already starting to use the phrase “economic collapse” to describe what is going on in some areas of our world right now.  For many Americans this may seem a bit strange, but the truth is that the worldwide economic slowdown that began during the second half of last … Continue reading

Hate Taxes? You Certainly Are Not Alone…

By Michael Snyder At this time of the year, millions of Americans are rushing to file their taxes at the last minute, and we are once again reminded just how nightmarish our system of taxation has become.  I studied tax law when I was in law school, and it is one of the most mind-numbing … Continue reading

Watch Japan — For All Is Not Well In The Land Of The Rising Sun

By Michael Snyder One of the epicenters of the global financial crisis that started during the second half of last year is Japan, and it looks like the markets in the land of the rising sun are entering yet another period of great turmoil.  The Nikkei was down another 390 points last night, and it … Continue reading

19 Facts That Prove Things In America Are Worse Than They Were Six Months Ago

By Michael Snyder Has the U.S. economy gotten better over the past six months or has it gotten worse?  In this article, you will find solid proof that the U.S. economy has continued to get worse over the past six months.  Unfortunately, most people seem to think that since the stock market has rebounded significantly … Continue reading

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