The Economic Collapse

Everybody is so happy right now.  The Dow Jones Industrial Average was up more than 1,000 points today, the talking heads on television are bubbling over with optimism, and even many of President Trump’s harshest critics are cheering.  It warms my heart to see everyone so happy, and so there is part of me that is not inclined to dump rain on everyone’s parade.  But I am not going to tell people what they want to hear just to tickle their ears.  I have got to tell the truth about the agreement that has just been made with China, and the truth is not all rainbows and lollipops. (Read More...)

The whole world has been shocked by the fact that the U.S. and China were able to work out a “trade deal” in just a single weekend.  Ultimately, I think that the Chinese were a lot more motivated to get something done than a lot of us originally thought.  So that is good news.  But both sides are telling us that the details of the “trade deal” will not be released until Monday.  To me, that is a major red flag.  If this “trade deal” is so good, why not release the details to the world right away?  In this article, I am going to share what I will be watching for when the details of the “trade deal” are finally unveiled on Monday morning. (Read More...)

When you don’t have enough money to pay the bills, it can make for a lot of sleepless nights.  If you are in that position right now, I want you to know that you are definitely not alone.  I have heard from so many people that are being absolutely crushed by our ongoing cost of living crisis that seems to have no end in sight.  Just about everything has become substantially more expensive over the past five years, and now the global trade war threatens to push prices for foreign-made goods into the stratosphere. (Read More...)

Thousands of products that are made in China will soon start disappearing from store shelves in the United States.  If a trade deal is not made with China very soon, the summer of 2025 will be “the summer of empty shelves”.  According to the Trump administration, “U.S. goods imports from China in 2024 totaled $438.9 billion”.  We cannot possibly replace 438.9 billion dollars worth of goods that are normally sent to us by the Chinese.  In fact, there are thousands of products that Americans regularly buy that are currently only made in China.  We have foolishly become extremely dependent on the Chinese, and now most of the things that China makes will no longer be coming here. (Read More...)

Over the last several decades, the global economy has become more interconnected than ever, but now everything is changing.  The flow of goods between the number one economic power on the planet and the number two economic power on the planet is absolutely imploding, and that is going to have enormous implications on both sides of the Pacific.  I have written quite a bit about the dramatic decline of U.S. imports, but the numbers show that U.S. exports are falling precipitously as well.  According to CNBC, there has been a 51 percent decline in exports at the Port of Portland and a 28 percent decline in exports at the Port of Tacoma… (Read More...)

Are you ready for store shelves to start emptying all over America?  When I first started writing about the coming shortages last month, I received quite a bit of criticism.  But now expert after expert is warning that we really are facing a crisis of historic proportions.  Most major retailers still have several weeks of inventory on hand, but after that shortages are going to start becoming very visible. (Read More...)

The president of the United States just threatened to end all trade with China if the Chinese do not stop buying oil from Iran.  I realize that this sounds like something that Hollywood would dream up, but this isn’t a plot from an episode of your favorite television show.  This is really happening.  President Trump has decided to raise the level of economic pressure on Iran to the maximum in a last ditch effort to force the Iranians to make a deal to end their nuclear program.  The oil industry is the central pillar of the Iranian economy, and President Trump wants to make it impossible for them to export any oil at all.  So he is threatening to completely cut off all trade with any nation that purchases any amount of Iranian oil. (Read More...)