The Economic Depression Of 2020 Is Becoming An Endless Nightmare For Millions Of Americans

You may have noticed that a lot of people get offended by what I write.  It is not something that I am purposely setting out to do, and I actually endeavor to get along with everyone as much as I can.  But it is undeniable that my articles about our ongoing economic collapse directly contradict a lot of the narratives that are constantly being pushed by the mainstream media and many of our political, business and religious leaders.  There are so many people out there that want to believe that the future is going to be exceedingly bright, and even though 2020 has been a horrific economic catastrophe so far, there are a lot of optimists that believe that it is just a temporary blip on the road to tremendous prosperity. (Read More...)

Food Prices Rise To Dangerous Levels As “A Second Wave Of Layoffs” Hits The U.S. Economy

You may have noticed that food prices have started to go up very aggressively.  I repeatedly warned my readers that this is precisely what would happen, and more price increases are on the way.  Fear of COVID-19 has sparked a tremendous amount of extra demand as Americans have feverishly stocked up their pantries, and at the same time the virus has made it very difficult for the major food companies to keep up.  Over the past several months we have seen a large number of food production facilities close down temporarily, food supply chains have been thrown into a state of chaos, and grocery stores have found it increasingly difficult to keep their shelves full.  Many years ago I remember sitting in an Econ 101 class as a very young college student, and one of the things that I learned was that prices are going to rise when supply goes down and demand goes up.  So it was inevitable that grocery store prices would become more painful, and the latest numbers that have been released by the BEA are definitely quite alarming(Read More...)

Did The “Mushroom Cloud” Explosion In Beirut Just Push The Middle East Closer To A Major War?

2020 just keeps getting weirder.  On Tuesday, an absolutely massive explosion caused a red mushroom cloud to rise high over the city of Beirut, Lebanon.  It is being called “Beirut’s Hiroshima”, and the blast was heard as far away as Cyprus.  You can watch a two minute compilation that contains video clips of the explosion from several different angles right here.  It appears that the shockwave did even more damage than the initial explosion did, and at this hour a large portion of the city of Beirut lies in ruins.  Dozens are dead, thousands are injured, and the entire city is now in a state of complete chaos(Read More...)

The Underground Bunker Business Is Booming As Global Events Spiral Out Of Control

This is a really good time to be selling underground bunkers.  The COVID-19 pandemic, civil unrest in major U.S. cities, and concern about what else may be coming have combined to create a tremendous amount of demand for “survival real estate”.  In all my years of writing, I have never seen anything like this.  I have been hearing from so many people that suddenly feel a great urgency to prepare for the total collapse of society, and quite a few of them have either recently relocated or plan to do so in the near future.  For some, moving entirely out of the country seems like the best option, but for most others the goal is to find a way to survive the coming chaos here in the United States. (Read More...)

Shock Survey Finds That Funding Is Being Reduced For “Nearly Half” Of All Major City Police Departments In America

In recent weeks there has been a tremendous amount of debate about whether police departments around the country should be “defunded” or not, but what most Americans don’t realize is that it is already happening on a massive scale.  At a time when crime rates are absolutely soaring and civil unrest is raging in major cities across the nation, police budgets are being deeply cut and in some cities there is talk of eliminating police departments altogether.  I knew that a few cities had already made moves in this direction, but I had no idea that it was happening on such a widespread basis.  According to a report prepared by the Police Executive Research Forum, nearly half of the law enforcement agencies that they surveyed “are reporting that funding has already been slashed or is expected to be reduced”(Read More...)

We Are Experiencing Economic Devastation On A Scale That America Has Never Seen Before

For a very long time we have been warned that a U.S. economic collapse was inevitably coming, and now it is here.  Fear of COVID-19 and unprecedented civil unrest in our major cities have combined to plunge us into a historic economic downturn, and nobody is exactly sure what is going to happen next.  On Thursday, we learned that U.S. GDP was down 32.9 percent on an annualized basis last quarter.  That officially makes last quarter the worst quarter in all of U.S. history, and many people believe that this new economic depression is just getting started.  But of course not all areas of the country are being affected equally.  According to USA Today, states such as Hawaii, Nevada, Michigan and New York were hit particularly hard last quarter… (Read More...)

Economic Nightmare: Nearly 50 Percent Of All The Jobs Lost During The COVID-19 Pandemic “May Be Gone Permanently”

When millions of Americans were losing their jobs at the beginning of this pandemic, we were told not to worry because the lockdowns were just temporary and virtually all of those workers would be going back to their old jobs once the lockdowns ended.  Well, now we are finding out that was not even close to true.  Over the last 18 weeks, more than 52 million Americans have filed new claims for unemployment benefits, and a very large percentage of them are dealing with a permanent job loss.  In fact, one brand new survey discovered that 47 percent of all unemployed workers now believe that their “job loss is likely to be permanent”.  The following comes from a USA Today article entitled “Almost half of all jobs lost during pandemic may be gone permanently”(Read More...)

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