Survival News Network

On 9/11, the world watched as two airplanes crashed into the twin towers of the world trade center, both of which collapsed shortly after. This much we know for sure, but for some, the cause of the collapse is still not so clear. Michael T Donly is a part of a group that says the [...]

A former executive for imprisoned swindler Bernard Madoff’s firm was arrested Thursday and charged with concealing the scope of its multibillion dollar fraud and using at least $750 million of investor money to support the company’s trading arm.
The executive, Daniel Bonventre, was described by investigators as the director of operations of the Madoff firm [...]

Geithner, 48, took issue with that, saying that the entire financial system was at risk at the height of the crisis, including Wall Street’s big institutions.…“None of them would have survived” had the government stood aside and let the crisis run its course, he said. “The entire U.S. financial system and all the major firms [...]

Gold is at a new high this morning, @ 1,165.96
Visitors to America might have noticed the television ads urging us to buy gold. One such “spokesman”, formerly in charge of managing the government’s hoard of the yellow stuff, including the ingots buried at Fort Knox, points out that the value of gold has never fallen [...]

Executives do not expect the U.S. commercial real estate market to emerge from critical condition any time soon, according to a survey by The Real Estate Roundtable.
Although the three indexes tracked by the “Sentiment Survey” have risen dramatically since the near-collapse of financial markets last year, they reflect the respondents’ collective sense of relief at [...]

A look into Infowars.com exclusive footage documenting the collapse of Detroit, a case in the deindustrialization of America. Several key cities in the “Rust Belt”– once the backbone of U.S. industry– are now scheduled to be bulldozed and shrunk, destroying abandoned homes and re-wilding large portions of these industrial urban areas.
“Isnt the only hope for [...]

The Big Mac, a symbol of globalization, is pulling out of Iceland – a victim of this tiny island nation’s overexposure to the world financial crisis.
All three of Iceland’s McDonald’s restaurants – all in the capital Reykjavik – will close next weekend because the collapse of the Icelandic krona has pushed up the cost of [...]

The Big Mac, a symbol of globalization, is pulling out of Iceland – a victim of this tiny island nation’s overexposure to the world financial crisis.
All three of Iceland’s McDonald’s restaurants – all in the capital Reykjavik – will close next weekend because the collapse of the Icelandic krona has pushed up the cost of [...]

During that long summer between the collapse of Bear Stearns and the collapse of Lehman Brothers, Hank Paulson held a secret meeting with the board of Goldman Sachs in Moscow.…Felix Salmon has the appropriate reaction:
How on earth did Paulson think this was OK? Goldman Sachs was a hugely powerful for-profit investment bank, and there he [...]

A new report on global wealth says that Europe has overtaken the United States to become the richest region in the world. But the Americans still have more millionaires then the EU — and should you want to marry one, you might be better off in Singapore or the Middle East.
From dishwasher to millionaire. If [...]

The US economy is recovering from the shock of last year’s banking collapse, but could continue to need financial assistance for an indefinite period into the future, the Treasury Department stated in a report released Monday.
The report (PDF), entitled “The Next Phase of Government Financial Stabilization and Rehabilitation Policies,” states that “although we are rolling [...]

 
Regulators have shut down Colonial BancGroup Inc. CNB-N , a big lender in real estate development that buckled under the collapse of the market. It was the biggest U.S. bank to fail this year, with about $25-billion in assets.

The Federal Deposit Insurance Corp. was appointed receiver of Montgomery, Ala.-based Colonial. The agency approved the sale [...]

Economic output shrank by 5.6pc in the 12 months to the middle of the year, according to official figures which shattered hopes that the recovery has already begun.
The Office for National Statistics said that Britain’s gross domestic product (GDP) contracted by 0.8pc in the second quarter, following the unprecedented 2.4pc fall in the first three [...]

Two of America’s biggest banks, Morgan Stanley and Wells Fargo, on Wednesday threw into sharp relief the mounting woes of the US commercial property market when they reported large losses and surging bad loans.
The disappointing second-quarter results for two of the largest lenders and investors in office, retail and industrial property across the US confirmed [...]

Executives at Goldman Sachs sold almost $700m worth of stock following the collapse of Lehman Brothers last September, according to filings with the Securities and Exchange Commission.

Most of the sales occurred during the period in which the investment bank enjoyed the support of $10bn from the troubled asset relief programme.

The surge in selling among Goldman [...]

A collapse in milk prices has wiped away the profits of dairy farmers, driving many out of business while forcing others to slaughter their herds or dump milk on the ground in protest. But nine months after prices began tumbling on the farm, consumers aren’t seeing the full benefits of the crash at the checkout [...]

Talks between the Treasury Department and lenders aimed at keeping Chrysler LLC out of bankruptcy broke down Wednesday, making it all but certain the car maker will file for Chapter 11 protection Thursday, The Wall Street Journal reported late Wednesday, citing people familiar with the discussions. Administration officials, who have been braced for a Chrysler [...]

The Obama administration is considering asking Congress to give the Treasury secretary unprecedented powers to initiate the seizure of non-bank financial companies, such as large insurers, investment firms and hedge funds, whose collapse would damage the broader economy, according to an administration document.
The government at present has the authority to seize only banks.
Giving the Treasury [...]

The Obama administration is considering asking Congress to give the Treasury secretary unprecedented powers to initiate the seizure of non-bank financial companies, such as large insurers, investment firms and hedge funds, whose collapse would damage the broader economy, according to an administration document.
The government at present has the authority to seize only banks.
Giving the Treasury [...]

The Obama administration is considering asking Congress to give the Treasury secretary unprecedented powers to initiate the seizure of non-bank financial companies, such as large insurers, investment firms and hedge funds, whose collapse would damage the broader economy, according to an administration document.
The government at present has the authority to seize only banks.
Giving the Treasury [...]

American International Group Inc had warned of turmoil around the globe if the government allowed the insurer to fail when it appealed to U.S. regulators for its latest rescue, Bloomberg said citing an AIG presentation dated February 26.
AIG needed immediate help from the Federal Reserve and Treasury to prevent a “catastrophic” collapse that would be [...]

Hundreds of heavily armed soldiers fanned out across Mexico’s bloodiest drug war city on Tuesday, trying to prevent a collapse in law and order just south of the U.S. border.
Sirens blared as the army staged one of its biggest troop build-ups in years in Ciudad Juarez, a desert city across the border from El Paso, [...]

Hundreds of heavily armed soldiers fanned out across Mexico’s bloodiest drug war city on Tuesday, trying to prevent a collapse in law and order just south of the U.S. border.
Sirens blared as the army staged one of its biggest troop build-ups in years in Ciudad Juarez, a desert city across the border from El Paso, [...]

Hundreds of heavily armed soldiers fanned out across Mexico’s bloodiest drug war city on Tuesday, trying to prevent a collapse in law and order just south of the U.S. border.
Sirens blared as the army staged one of its biggest troop build-ups in years in Ciudad Juarez, a desert city across the border from El Paso, [...]

An excellent article/talk, by Dmitry Orlov.  The piece is rather well written/transcribed, and elicited more than one chuckle during the reading process, and yet by the end I found it to be one of the more sobering presentations I have seen on what collapse might look like here in the US.
 Culture Change – Social Collapse [...]

Source: El Paso Times
Texas officials are working on a plan to respond to a potential collapse of the Mexican government and the specter of thousands fleeing north in fear for their lives after recent reports indicated the country could be on the verge of chaos.
“You hope for the best, plan for the worst,” Katherine Cesinger, [...]

Source: guardian.co.uk
Personal bankruptcy hit a record level and company failures soared by 50% as the collapse in the economy in the final three months of 2008 took its toll, official figures showed today.
Data from the Insolvency Service revealed that the steepest decline in output in almost 30 years led to 19,100 people being declared bankrupt [...]

Source: The Independent
Shares in Royal Bank of Scotland collapsed today in the wake of the Government’s latest rescue bid and news that the bank is facing the worst loss in UK corporate history.
The NatWest parent company’s market value slumped below £5 billion after shares plunged by as much as 70 per cent at one stage.
RBS [...]

Source: The Independent
Shares in Royal Bank of Scotland collapsed today in the wake of the Government’s latest rescue bid and news that the bank is facing the worst loss in UK corporate history.
The NatWest parent company’s market value slumped below £5 billion after shares plunged by as much as 70 per cent at one stage.
RBS [...]

Source: The Independent
Shares in Royal Bank of Scotland collapsed today in the wake of the Government’s latest rescue bid and news that the bank is facing the worst loss in UK corporate history.
The NatWest parent company’s market value slumped below £5 billion after shares plunged by as much as 70 per cent at one stage.
RBS [...]

Source: The Independent
Shares in Royal Bank of Scotland collapsed today in the wake of the Government’s latest rescue bid and news that the bank is facing the worst loss in UK corporate history.
The NatWest parent company’s market value slumped below £5 billion after shares plunged by as much as 70 per cent at one stage.
RBS [...]

Source: The Independent
Shares in Royal Bank of Scotland collapsed today in the wake of the Government’s latest rescue bid and news that the bank is facing the worst loss in UK corporate history.
The NatWest parent company’s market value slumped below £5 billion after shares plunged by as much as 70 per cent at one stage.
RBS [...]

Source: The Independent
Shares in Royal Bank of Scotland collapsed today in the wake of the Government’s latest rescue bid and news that the bank is facing the worst loss in UK corporate history.
The NatWest parent company’s market value slumped below £5 billion after shares plunged by as much as 70 per cent at one stage.
RBS [...]

Source: The Raw Story
US President George W. Bush said in an interview Tuesday he was forced to sacrifice free market principles to save the economy from “collapse.”
“I’ve abandoned free-market principles to save the free-market system,” Bush told CNN television, saying he had made the decision “to make sure the economy doesn’t collapse.”
Bush’s comments reflect [...]

Source: CNN.com
The collapse of negotiations could possibly doom General Motors to a bankruptcy and closure in the coming weeks, with Chrysler potentially following close behind.
While Ford Motor has more cash on hand to avoid an immediate crisis, its production could be disrupted by problems in the supplier base, as could the production of overseas automakers [...]

Source: Reuters
Global miner Rio Tinto, saddled with nearly $40 billion in net debt, said it would cut 13 percent of its workforce, slash capital spending and sell more assets as it battles a collapse in commodity prices.
Rio, which mines a range of metals and minerals from aluminum and copper to gold and diamonds, has [...]

Source: Prison Planet
Gerald Celente, CEO of Trends Research Institute, sent out a letter to his subscribers announcing that he had purchased a domain name called “Collapseof09.com”.
Around this time last year, Celente sent the following message to his subscribers;
In 2008, Americans will wake up to the worst economic times that anyone alive has ever seen. [...]

Source: Bloomberg.com
Woolworths Group Plc appointed administrators for its chain of stores and MFI Retail Ltd. collapsed, putting almost 30,000 U.K. jobs at risk, as the economy’s slide caused consumer spending to slump.
Woolworths, which opened its first shop in 1909, had Deloitte appointed as administrators today after an attempt to sell the stores ended. MFI [...]

Source: Bloomberg.com
Woolworths Group Plc appointed administrators for its chain of stores and MFI Retail Ltd. collapsed, putting almost 30,000 U.K. jobs at risk, as the economy’s slide caused consumer spending to slump.
Woolworths, which opened its first shop in 1909, had Deloitte appointed as administrators today after an attempt to sell the stores ended. MFI [...]