Author Archive for Michael Snyder

Michael Snyder is the editor of The Economic Collapse Blog

The Triumph Of Materialism: The Average American Will Spend 830 Dollars On Christmas In 2015

Has there ever been a major holiday more focused on materialism than the modern American Christmas?  This year, Americans are planning to spend an average of 830 dollars on Christmas gifts, which represents a jump of 110 dollars over the average of 720 dollars last year.  But have our incomes gone up accordingly?  Of course […]

Russia’s New ‘Nuclear Torpedo’ Can Create Giant Tsunamis And Wipe Out Entire Coastal Cities

While the eyes of the world are on ISIS, Russia is creating weapons unlike anything the world has ever seen before.  Plans for a giant self-propelled nuclear torpedo that can create a giant tsunami more than 1,000 feet tall were recently “leaked by mistake” by the Russian media.  Apparently the warheads on these torpedos are […]

The Bitter, Crushing Poverty Of Appalachia Is A Preview Of What Is Coming To The Rest Of The Country

What do you say to people that have completely lost all hope that things will ever get any better?  The mountains of Appalachia stretch all the way from southern New York to northern Mississippi, and nestled within those mountains are dozens upon dozens of little towns that are so impoverished that they look like they […]