If you are struggling to make it in this economy, you are not alone, because there are millions of other Americans in the exact same boat. Needless to say, the cost of living has become extremely oppressive, and that has put a tremendous amount of financial stress on U.S. families. Unfortunately, the Federal Reserve has chosen to fight inflation by aggressively hiking interest rates, and that is starting to cause massive problems. The money supply is actually shrinking, the banking system has been thrown into a state of chaos, and we are witnessing a tsunami of layoffs that is unlike anything that we have seen since the Great Recession. (Read More...)
More Pestilences Erupt: Marburg, H3N8, H5N1, And A “Mystery Disease” In Burundi
Has the next major global pandemic already started? Right now, multiple outbreaks are alarming world health authorities. We all saw the fear that COVID caused, but the diseases that I am going to discuss in this article could potentially create far more panic if they were to start rapidly spreading among humans all over the planet. Sadly, the global population has been perfectly primed for future pandemics because hundreds of millions of people are now running around with highly compromised immune systems. As I discuss in my latest book, we have entered a new era of great pestilences, and life is not going to “return to normal” any time soon. (Read More...)
The Way That The Radical Left Is Reacting To The Nashville Shooting Shows The True State Of Our Country
When a great tragedy happens, it should bring us together. But instead, each new tragedy seems to tear us apart even more. The Nashville shooting is a perfect example of this. Instead of focusing on the victims and grieving for the lives that have been lost, many are using this tragedy as an opportunity to make extremely inflammatory statements. If you want to see how divided we have become as a nation, just look at how those on the left are responding to this story and compare it to how those on the right are responding to this story. It is almost as if the two sides are living in completely different universes. (Read More...)
Guess Who Is Now Warning That “Commercial Real Estate Is In Trouble”?
What will our financial system look like once the 20 trillion dollar commercial real estate industry implodes? You might want to start thinking about that, because the truth is that the industry is in a tremendous amount of trouble. Occupancy rates are extremely low and getting lower, rising interest rates have created all sorts of havoc, and now many of the small and mid-size banks that the industry depends upon for financing are in serious jeopardy. In essence, the commercial real estate industry is facing a “perfect storm” of nightmares, and this crisis is only going to escalate in the months ahead. (Read More...)
You Will Be Shocked By How Much Money Is Being Pulled Out Of U.S. Banks, And Now The Biggest Bank In Germany Is In Trouble
A trillion dollars is a lot of money. If you stacked a billion dollar bills on top of one another, the pile would be 67.9 miles high, but if you stacked a trillion dollar bills on top of one another the pile would be 67,866 miles high. And if you lined up a trillion dollar bills end to end, the line of dollar bills would be a staggering 96,906,656 miles long. That is longer than the distance from the Earth to the Sun. A trillion dollars is such a vast amount of money that it is truly difficult to comprehend, but as you will see below, that much money has already been pulled out of “vulnerable” U.S. banks over the past year. Hordes of small and mid-size banks are now in trouble, and that is really bad news because those institutions issue most of the mortgages, auto loans and credit cards that our economy runs on. The other day, I asked my readers to “imagine what our country will look like if the banking system implodes and the economy plunges into a depression”, because if our banks continue to collapse that is precisely where we are headed. (Read More...)
“The Banks Are Melting”, And Signs Of A Major Credit Contraction Are Already Starting To Emerge
When there is fear in the air, banks start getting really tight with their money, and right now there is lots of fear in the air. A major credit contraction would be a nightmare scenario for the economy, and as you will see below, there is evidence that this is already starting to happen. Hopefully our leaders can find a way to calm things down, because we all remember what happened during the last financial crisis. Banks decided to substantially tighten their lending standards and that really deepened the economic downturn. So our leaders should be doing what they can to support the stability of the system, but in so many cases they end up doing just the opposite. (Read More...)
Are They Actually Trying To Crash The Economy On Purpose?
They actually did it. The Federal Reserve just raised interest rates by another 25 basis points right in the middle of a major banking crisis. I honestly do not understand what Fed officials are thinking. They had already blown a 620 billion dollar black hole in the balance sheets of U.S. banks by raising rates so aggressively, and that resulted in the second and third largest bank failures in U.S. history earlier this month. Apparently they are not yet satisfied with the carnage that they have caused, and so they have decided to make things even worse. What we are witnessing is either extreme incompetence of epic proportions, or they are trying to crash the economy on purpose. I am sitting here trying to think of a third alternative, but so far I am coming up blank. (Read More...)
What In The World Is Happening To The Sun?
We could not survive without the giant ball of fire that our planet revolves around, and so the stability of our sun is of the utmost importance. Unfortunately, it has started to behave very erratically lately. Scientists are telling us that they think everything is just fine, but the truth is that they don’t really know. We are witnessing activity that is truly unusual, and I believe that should deeply alarm all of us. In fact, I am entirely convinced that the behavior of the sun will become a really big story in the years ahead. (Read More...)