Author Archive

Michael Snyder

Michael T. Snyder is a graduate of the University of Florida law school and he worked as an attorney in the heart of Washington D.C. for a number of years. Today, Michael is best known for his work as the publisher of The Economic Collapse Blog. Michael and his wife, Meranda, believe that a great awakening is coming and are working hard to help bring renewal to America. Michael is also the author of the book The Beginning Of The End

Yes, you read that headline correctly.  The economic downturn of 2008 and 2009 is often referred to as “the Great Recession” because the U.S. had not experienced economic pain of that magnitude since the Great Depression of the 1930s.  Millions of Americans lost their jobs, mortgage defaults soared and Wall …

Humans are inherently social creatures, and that is never going to change.  Within each one of us, there is a fundamental need for connection with others, but now these coronavirus lockdowns have separated us from one another like never before.  Thankfully, many states are now starting to end their lockdowns, …

In just six weeks, the entire global economy has completely come apart.  All over the world, we are seeing numbers fall faster than we ever have before, and the outlook for the rest of the year is exceedingly bleak.  Fear of the coronavirus is going to paralyze global trade for …

We just witnessed the largest quarterly GDP decline since the last financial crisis, and experts are warning that the figure for the second quarter will be far, far worse.  In fact, as you will see below, one expert is telling us to brace ourselves for the worst economic numbers “in …

Editor’s Note: While Michael points out how the state would do the reopenings, if the people simply banned together, opened their businesses all at once and went back to work, there would be nothing the state could do.  Exercise your rights people, or you don’t have any! The fact that …

For those of you that were expecting just a “deep recession”, I am afraid that you are going to be very disappointed.  It took years for the U.S. economy to fully unravel in the 1930s, but now we have witnessed a similar level of economic devastation in just a matter …

Is Kim Jong Un dead?  He has not been seen in public for weeks, and all over the globe, there is speculation that he has passed away following a botched surgery.  It is being reported that an emergency heart procedure went bad because his doctor’s hands were shaking, and according …

More than 26 million Americans have filed new claims for unemployment benefits in recent weeks, and a lot of them will now be bringing home much more money than they did while they were actually working.  Needless to say, this is going to create a perverse incentive for people to …

The rate at which the U.S. economy is unraveling is absolutely breathtaking.  On Thursday, we learned that another 4.4 million Americans filed new claims for unemployment benefits last week, and that means that a grand total of more than 26 million Americans have lost their jobs during this pandemic so …

Even before COVID-19 became the biggest public health crisis to hit the globe in decades, enormous swarms of locusts the size of major cities were devouring crops throughout eastern Africa, across the Middle East and even in some parts of Asia.  Now a new generation that officials are describing as …