Supply Chain Expert: “It’s Going To Be An Extinction-Level, Asteroid-Wiping-Out-The-Dinosaurs Kind Of Event”

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...)

This Is The Biggest Economic Story Of 2025 So Far

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...)

We Are Much Closer To A Major War With Iran, And Trump Warns That Anyone That Buys Iranian Oil “Will Not Be Allowed To Do Business With The United States Of America In Any Way, Shape, Or Form”

2025 is going to be largely defined by whether there is a major war with Iran or not.  If a verifiable deal with Iran can be reached that prevents Iran from producing nuclear weapons, I will applaud the Trump administration for pulling off the diplomatic coup of the century.  But if negotiations fail, it is just a matter of time before the bombing of Iran begins, and that would set the stage for all sorts of apocalyptic scenarios.  Unfortunately, it appears that negotiations with Iran are now in the process of collapsing.  The next round of negotiations that was scheduled for this weekend has been abruptly “postponed” by the Iranians… (Read More...)

9 Signs That Conditions Are Ripe For A Major Economic Crisis In The United States

For years, our economy and our financial markets have been artificially propped up.  Since 2008, politicians in Washington have added about 26 trillion dollars to the national debt, and bureaucrats at the Fed have pumped trillions of freshly created dollars into the financial system.  If we could go back and undo just those two things, we would be living an economic horror show right now.  Piling up the largest mountain of debt in the history of the world has enabled us to live way, way, way beyond our means.  On a personal level, if you borrowed and spent millions of dollars that you did not have, you would also be able to live a lifestyle that you do not deserve.  Debt is extremely seductive, because it is a way to make the present a lot more pleasant.  But there is always a price to be paid in the end. (Read More...)

“It Is A Full-Blown Crisis Already”: Farmers Cry Out For Help As Massive Financial Losses Pile Up And Demand For U.S. Agricultural Products Disappears

China is normally the largest export market for U.S. agricultural products.  In a typical year, we sell tens of billions of dollars worth of agricultural products to the Chinese, but now that door has been slammed shut thanks to the extremely high tariffs that China has imposed on U.S. imports.  If that door is not reopened very soon, farmers all over the nation will be facing financial ruin due to massive financial losses that are already piling up.  This is not a crisis that may or may not arrive someday.  As you will see below, this is a crisis that is already here. (Read More...)

Special Report: We Are Being Warned That There Will Be Empty Shelves Throughout The U.S. “Starting In A Couple Of Weeks”

Experts are telling us that the supply chain disruptions that we are facing are likely to be more severe than anything that we witnessed during the last pandemic.  Anyone that believes that we can easily replace 438 billion dollars of imports from China is just being delusional.  There are thousands of products that are made in China that are simply not made anywhere else.  Yes, we will do what we can to mitigate the damage, but there is only so much that we can do.  I just heard from one business owner that has already received numerous price increase notifications from his suppliers.  And apparently there are already hundreds of products on Amazon that have had their prices raised substantially… (Read More...)

The Collapse Of U.S. Home Sales Is Here

This is a very difficult time for real estate agents and homeowners that are trying to sell their homes.  As I have documented below, sales of previously-owned homes in the United States just fell to the lowest level that we have seen during the month of March since 2009.  Needless to say, in March 2009 we were in the middle of the Great Recession.  Meanwhile, the number of unsold homes that are currently on the market just continues to pile up.  This is likely to put an enormous amount of downward pressure on home prices in the months ahead. (Read More...)

The CEOs of Walmart, Target, Home Depot and Lowe’s Warn That Store Shelves All Over America Could “Soon Be Empty”

If you are going to need anything made in China, I would buy it now while you still can.  Many companies have already decided that it no longer makes any economic sense to import Chinese-made products into the United States because tariff rates are so high.  As a result, there are certain things that will soon no longer be available to U.S. consumers.  On Monday, when I posted an article warning about “empty shelves” in the months ahead, some people thought that I was exaggerating.  But of course the truth is that I was not exaggerating at all.  On Tuesday, the CEOs of Walmart, Target, Home Depot and Lowe’s specifically warned President Trump that store shelves all over the country could “soon be empty” during a meeting at the White House… (Read More...)