The Economic Collapse

Now that the war with the Iranians appears to be fully back on, there will be no turning back now. President Trump just told reporters in the White House that “we’re going to be attacking them and attacking them very hard”, and so it should now be apparent to everyone that there isn’t going to be any sort of a “deal” any time soon. What this means is that we are headed for a historic energy squeeze of unprecedented magnitude. (Read More...)

Did you know that the purchasing power of the U.S. dollar has fallen by more than 97 percent since 1913? Sadly, as you will see below, the decline in the purchasing power of our currency appears to have greatly accelerated in recent years. Thanks to the rising cost of living, most Americans have lost faith in the American Dream. In fact, a new survey that was just released discovered that 51 percent of us believe that the American Dream is now out of reach for most people… (Read More...)

No matter how bad things get, some skeptics will simply never admit that what we are experiencing is unusual. We live at a time of seemingly endless wars, growing global hunger, alarming outbreaks of disease and constant natural disasters, but they just keep telling us that everything is fine. Russia and Ukraine are absolutely pummeling one another, Iran and Israel are firing ballistic missiles at each other, and we are facing severe shortages of oil and natural gas in the months ahead. Meanwhile, global food production will be way down this year thanks to a historic fertilizer crisis, unprecedented drought and a “Godzilla El Niño” that is on the way. I just don’t understand how some people can be so cavalier about all of this. (Read More...)

Gigantic underground aquifers are being rapidly depleted all over the world, and once that water is gone it will take a very long time for it to come back. In fact, in some areas of the United States the recharge rate is less than an inch per year. That is a major problem, because more than half of the water that U.S. farmers use for irrigation comes from underground aquifers. What in the world are our farmers going to do once that water is gone? (Read More...)

Without sufficient quantities of oil, the global economy will not be able to operate normally. So the fact that the global economy is running a massive “oil deficit” right now should deeply alarm all of us. Even since the war with Iran began, the world has been consuming far more oil than it has been producing. We have been running down commercial oil inventories and strategic oil reserves all over the planet, and now those supplies are starting to run dry. In the not too distant future, global demand for oil will substantially exceed what is available, and that will mean much higher prices and very painful shortages. Asia will be hit the hardest because they are more dependent on oil from the Middle East than anyone else, but we will certainly feel this crisis very keenly as well. (Read More...)

Hundreds of people have been dropping dead from a horrifying hemorrhagic disease in central Africa. We are being told that this isn’t the Zaire strain, which is the most common form of Ebola. Instead, authorities are telling us that this outbreak is being caused by the very rare Bundibugyo virus. Unlike the Zaire strain, there is no cure for the Bundibugyo virus. If you get infected, your odds of dying are somewhere between 25 and 50 percent. This is an extremely high death rate, but so far global health authorities have been able to keep everyone calm. They are assuring us that the threat outside of Africa is very low, and most people seem to be buying that story. (Read More...)

U.S. households are being financially squeezed at a level that we have never seen before. I have often said that we are in a long-term cost of living crisis that never seems to end, and that is not an exaggeration at all. Just about everything has been getting more expensive in recent years, and as a result our standard of living has been going down. In many areas of the country, you now have to earn six figures just to live a basic middle class lifestyle. The numbers that I am going to share with you in this article may be hard to believe, but they are very real. Inflation has been out of control for many years, and hard working American families are being absolutely crushed. (Read More...)

This is a moment in history that we will remember for a long time to come. Even though we were told over and over again that a deal with Iran was almost “finalized”, the truth is that there never was going to be a deal with Iran. It was all smoke and mirrors. The U.S. couldn’t give Iran what it was demanding, and Iran simply refused to give the U.S. what it was demanding. Now negotiations have totally collapsed, and it appears that the war is back on. Needless to say, this is going to be absolutely devastating for the global economy. (Read More...)