The Economic Collapse

The housing bubble that burst during the Great Recession was enormous, but it was nothing compared to what we are facing now.  Two decades ago, the average price of a home in the United States was about $140,000.  Today, the average price of a home in the United States is above $500,000.  We have literally never seen anything even close to a housing bubble of this magnitude.  Unfortunately, what comes up must eventually come down. (Read More...)

I feel quite exasperated right now. Everyone knows that the economic numbers that federal bureaucrats in Washington are feeding us each month are fraudulent. It has been that way for a very long time. The employment numbers are a perfect example of this. Every month they give us a headline number that looks pretty good, and then months later they revise it much lower when nobody is paying attention. That is the game they want to play, and many of us understand that. But this latest stunt that they have pulled is absolutely astounding. More than a million U.S. jobs suddenly disappeared from the numbers, and they would like us to believe that this is perfectly normal. (Read More...)

As long as you have hope, you can face whatever challenges are ahead.  Sadly, Americans have been losing hope at a rate that is absolutely unprecedented.  As you will see below, optimism about the future has fallen to the lowest level ever recorded.  One of the biggest reasons why people are losing hope is because we have been in a historic cost of living crisis for almost this entire decade.  It is getting harder and harder just to pay the bills.  Nobody can deny this.  For most of the country, just surviving from month to month is a real struggle. (Read More...)

For decades, the dominance of the United States has been primarily based on the strength of the U.S. dollar. Having the main reserve currency of the world has meant that everyone else has wanted and needed our currency. In fact, our currency is our number one export. Most Americans don’t realize this, but far more dollars are used outside the United States than are used inside the United States. Having such a strong currency for such an extended period of time has allowed us to enjoy a standard of living that is far beyond what we actually deserve. So what is going to happen now that the rest of the world is starting to move away from the U.S. dollar? (Read More...)

Over the past 5 years we have been witnessing an economic shift of epic proportions. When the cost of living rises much faster than paychecks do for an extended period of time, an entire nation can be transformed. Just look at what has happened to Venezuela. It has the largest proven oil reserves in the entire world and at one time it was thriving. But now thanks to rampant inflation, almost everyone is living in poverty even though almost everyone is a “millionaire”. It just doesn’t do much good to be sitting on “millions” if your currency is worthless. Unfortunately, as you will see below, our money supply has been growing at an exponential rate. This is destroying the middle class, because it has created a cost of living crisis that is absolutely crushing struggling households all over this country. (Read More...)

Look out below, because the dam is beginning to break.  Many of us were projecting that our economic problems would accelerate during the early portion of 2026, and that is precisely what has taken place.  Employers are conducting brutal layoffs all over the nation, the number of job openings continues to decline, stores and restaurants are closing everywhere we look, and now cryptocurrencies are crashing hard.  We haven’t seen anything like this since the Great Recession, and the worst is yet to come. (Read More...)

Do you remember the endless barrage of layoffs and store closings that we experienced during the Great Recession?  Well, it is starting to happen again.  All over the country, large employers are bringing down the axe really hard.  For those that have been laid off, the outlook is not promising at all because competition for good jobs is extremely intense in this very tough economic environment.  Meanwhile, stores and restaurants are being permanently shuttered at a blistering pace.  We haven’t seen anything quite like this in many years.  Of course a major economic meltdown is one of the 10 major trends that we have been anticipating.  If a major war with Iran soon erupts, our economic meltdown will get a whole lot worse. (Read More...)

When global events reach a fever pitch, global leaders should be trying to bring the temperature down.  But instead, we are witnessing almost constant provocations.  In fact, I am extremely alarmed by a number of things that Iran, China and Russia have just done.  Let me start with breaking news out of the Middle East.  It is being reported that a U.S. fighter jet shot down an Iranian drone after it “aggressively approached” the USS Abraham Lincoln… (Read More...)