$220,000 For Every Man, Woman And Child – America Is Now 72 Trillion Dollars In Debt

Are you ready to cough up $220,000 to pay your share?  One of the reasons why a day of reckoning for the U.S. economy is inevitable is because we are in way too much debt.  The 22 trillion dollar debt that the federal government has accumulated gets most of the attention, but the truth is that we would still be 50 trillion dollars in debt even if the national debt was eliminated somehow.  Today, debt levels are exploding on every level of society.  Corporate debt has more than doubled since the last financial crisis, U.S. consumers are more than 13 trillion dollars in debt, and state and local governments are piling up debt as if tomorrow will never come.  According to a Federal Reserve chart that you can find right here, the total amount of debt in the U.S. financial system has now reached an astounding 72 trillion dollars. (Read More...)

Give This Stock Market Bubble A Round Of Applause – The S&P 500 And The Nasdaq Just Hit Brand New Record Highs

Stocks just closed at a brand new all-time record high, ‘Avengers: Endgame’ is coming to theaters, and a 24-year-old man from Wisconsin just won the 768 million dollar Powerball jackpot.  If those are the top headlines today, then everything must be good in ‘Murica at the moment, right?  Of course that is not true at all, but as far as the stock market is concerned we must give credit where credit is due.  Our financial engineers have created the largest stock market bubble in all of U.S. history, and we should all be hoping that it lasts for as long as possible.  Because once this financial bubble is destroyed, the aftermath is going to be truly horrible for the entire country. (Read More...)

Do You Remember The Oil Crisis And “Stagflation” Of The 1970s? In Many Ways, 2019 Is Starting To Look A Lot Like 1973…

The price of gasoline is rapidly rising, economic activity is slowing down, the Middle East appears to be on the brink of war, and Democrats are trying to find a way to remove a Republican president from office.  In many ways, 2019 is starting to look a lot like 1973.  For many Americans, the 1970s represent a rather depressing chapter in U.S. history that they would just like to forget, but the truth is that if we do not learn from history it is much more likely that we will repeat our mistakes.  And without a doubt, right now a lot of things are starting to move in a very ominous direction. (Read More...)

New Census Numbers Reveal Americans Are Steadily Migrating West And South – And Away From High Tax Blue States

The U.S. Census Bureau has just released their annual report on how the U.S. population is shifting, and there are some very clear patterns in the data.  If you look at this Census Bureau map, you will see lots of purple (areas where the population is growing) in the west and the south, and you will see lots of orange (areas where the population is declining) in the north and the east.  Of course this is a continuation of a pattern that we have been seeing for decades.  Given the ability to choose, many Americans would rather live in areas of the country that are warm and sunny, and that makes a lot of sense.  But that is not the only pattern that we see in the data. (Read More...)

Nobody Does It Better: The Amount Of Human Feces On San Francisco Streets Is Going Up Every Single Year

Sometimes the best metaphors come from real life.  Today, San Francisco has eclipsed Los Angeles and has become the most important city in America’s most heavily populated state.  It is the central hub of our tech industry, in many ways it is one of the epicenters of our national moral decay, and the most powerful Democrat in the entire country calls it her home.  So somehow it seems appropriate that the city is literally covered in human feces, and the problem is getting worse with each passing year. (Read More...)

The Mainstream Media Is Hyping Up The Release Of The Mueller Report As If It Were Some Sort Of Key Historical Event

Are you ready for the biggest non-event in recent American political history?  The mainstream media is treating Thursday’s release of the Mueller report as an event of critical historical importance, but it isn’t.  Unless Attorney General William Barr was lying to us in his summary of the report, there aren’t going to be any major bombshells.  Of course anti-Trump forces will be sifting through the report for any nuggets that they can possibly use, but in the end it will be a fruitless exercise.  Trump never colluded with the Russians, and Mueller didn’t find enough to charge Trump with obstruction of justice.  So please feel free to skip reading the full 400 page report, because you can undoubtedly put that time to much better use in some other way. (Read More...)

It’s Only April, And U.S. Retailers Have Already Closed More Stores Than They Did ALL Of Last Year

If the U.S. economy is in good shape, why have retailers already shuttered more stores than they did in all of 2018?  Not only that, we are also on pace to absolutely shatter the all-time record for store closures in a single year by more than 50 percent.  Yes, Internet commerce is growing, but the Internet has been around for several decades now.  It isn’t as if this threat just suddenly materialized.  As Internet commerce continues to slowly expand, we would expect to see a steady drip of brick and mortar stores close, but instead what we are witnessing is an avalanche.  If the U.S. economy really was “booming”, this wouldn’t be happening.  But if the U.S. economy was heading into a recession, this is precisely what we would expect to see. (Read More...)

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