The Economic Collapse

Why is demand at food banks all over the country higher than it has ever been before?  The media keeps insisting that economic conditions are just fine, but it has become quite obvious to everyone that this is not true.  In particular, the rising cost of living has been absolutely crushing households from coast to coast.  In the old days, most of the people that would show up at food banks were unemployed.  But now food banks are serving large numbers of people that actually do have jobs but that don’t make enough to pay for all of the basics.  The ranks of the “working poor” are growing very rapidly, and this is creating an unprecedented crisis all over America. (Read More...)

When one of my readers sent me a photo of egg prices at a store in western Washington state, I could hardly believe what I was seeing.  I clearly remember when I could purchase a carton of quality eggs at the grocery store for just 99 cents, but thanks to inflation and a bird flu crisis that never seems to end, those days are long gone.  Now it is common to pay five, six, seven or even eight dollars for a carton of eggs.  In fact, it probably won’t be too long before we crack the ten dollar barrier.  In the old days, eggs were considered to be a very inexpensive way to feed your family, but now eggs prices have gone completely insane. (Read More...)

The number of job openings in the United States has been “falling off a cliff”, and that is a major red flag.  The last four years have been an economic nightmare for most Americans, and that is one of the primary reasons why Donald Trump won the election.  But as we approach 2025, things are starting to get frighteningly bad.  When the number of job openings in the U.S. drops by 2 million or more, that normally signals that we are either in a recession or that one is about to happen.  Well, as you can see from this chart that was posted by Bravos Research on Twitter, we are witnessing a collapse in job openings that is absolutely unprecedented… (Read More...)

Have things been getting better for the middle class, or have things been getting worse?  Needless to say, the answer to that question is obvious.  The cost of living is absolutely crushing us, we can’t afford to replace our rapidly aging vehicles, debt levels are exploding, and the proportion of the country that is living paycheck to paycheck has been steadily rising.  Our economy is a mess, and America’s middle class is getting smaller and smaller.  Sometimes I feel like I am watching a very tragic version of musical chairs.  If you are still holding on to your chair, you should be very thankful, because more people are slipping out of the middle class and into poverty with each passing day. (Read More...)