Do you remember how painful the Great Recession was? 2008 and the years immediately following were definitely a very dark chapter in our history, but a new study has actually found that the percentage of Americans that worry they won’t be able to pay their bills is actually higher today than it was back then. Slowly but surely, our economic strength has been fading and our standard of living has been falling. Unfortunately, now we have reached a point where a very large portion of the U.S. population is really struggling. According to a CNN poll that was just released, almost 40 percent of all U.S. adults “say they worry most or all of the time that their family’s income won’t be enough to meet expenses”… (Read More...)
We Haven’t Seen A “Historic Surge” Of Corporate Bankruptcies Like This Since The Great Recession
We continue to get numbers that indicate that the U.S. economy is steamrolling in the wrong direction as we approach the most chaotic election season in our history. Needless to say, the performance of the economy is going to play a major role in the outcome of the election, because millions upon millions of Americans are really suffering right now. Homelessness has been growing at the fastest pace ever recorded, hunger and poverty are exploding, and we are in the midst of a cost of living crisis that doesn’t seem to have any end in sight. Unfortunately, there are signs that things will soon get even worse. For example, we experienced a “historic surge” of corporate bankruptcies during the first half of this year that was worse than anything we have witnessed since the first half of 2010… (Read More...)
Just Like This Guy, Our Country Can Only Go Out On A Limb So Far Before It Finally Snaps
When you are creeping out on a very high tree limb, everything may seem fine until suddenly the limb snaps and disaster strikes. I think that is a perfect metaphor for what we are facing as a country. Our politicians in Washington have artificially propped up our economy for years by piling up 34 trillion dollars in debt, and the “experts” at the Federal Reserve have artificially propped up the financial markets for years by pumping trillions upon trillions of dollars that they created out of thin air into the system. But now we are so far out on a limb that there is no way back, and there is no safety net below. Ultimately, our fate will be the same as this guy… (Read More...)
Authorities Are Literally Losing Control Of The Streets As America’s Societal Collapse Accelerates
In a civilized society, authorities are able to maintain at least a basic level of law and order in the streets most of the time. Unfortunately, at this point it is up for debate whether the United States is still a “civilized society” or not. The chaos in our streets never seems to end, and those that are in charge of running things don’t seem to be able to regain control. The theft, violence and mayhem that we are witnessing in our major cities is being fueled by the worst homelessness crisis in our entire history, the worst drug crisis in our entire history, and the worst migration crisis in our entire history. If authorities cannot control our streets now, what is going to happen once our societal collapse reaches a much more advanced stage? (Read More...)
It Now Takes An Annual Income Of $186,000 A Year For Americans To Feel Financially Secure
According to a stunning new survey that was just released, an annual income of at least $186,000 a year is required in order to feel financially secure in the United States today. Unfortunately, only 6 percent of U.S. adults make that kind of money. So we have a major problem on our hands. The cost of living has become extremely painful, and millions of Americans are stressed out of their minds because their finances are such a mess. Over the past several years we have witnessed an economic shift of epic proportions. The ultra-wealthy have gotten a lot wealthier, the ranks of the poor have exploded, and the middle class has been absolutely eviscerated. In this current economic environment, only a very small segment of the population is living comfortably. The following comes from CBS News… (Read More...)
If The High Cost Of Groceries Makes You Feel Sick, You Are Not Alone
If you are really struggling with the high cost of living, I want you to know that you aren’t alone. In recent months, I have been hearing from so many people that feel like they are drowning financially. Have you experienced a palpable sense of panic when you compare your rising bills to the level of income that you are currently bringing in? So many people out there are stressed out of their minds because it has become such a struggle to pay the bills each month. As I discussed a few days ago, a typical U.S. household must now spend $1,069 more a month just to buy the exact same goods and services that it did three years ago. Over the course of an entire year, that is almost an extra $13,000 dollars. Month after month, prices just keep going higher, but those that are running things continue to insist that everything is just fine. (Read More...)
Global Health Authorities Press The Panic Button As A Strain Of Monkeypox That Is “10 Times Deadlier” Starts Spreading Rapidly
A deadly new strain of monkeypox that is “killing children and causing miscarriages” is causing a tremendous amount of fear among global health authorities. We are being told that this strain is “10 times deadlier” than the one that infected people in more than 100 different countries in 2022, and apparently it spreads much more easily. The World Health Organization is sounding the alarm about what might happen if there is a full-blown global outbreak of this new strain, and some experts are concerned that it may already be too late to prevent that from happening. (Read More...)
11 Signs That The U.S. Economy Is In Far Worse Shape Than Most People Think
Unless you are living under a bridge or you are eagerly drinking the kool-aid that the mainstream media is dishing out, you probably understand that the economy has been struggling. Survey after survey has found that the American people are deeply dissatisfied with how the economy has been performing, and as a result it has become the number one issue this election season. But even though a large portion of the population is not happy about how things have been going, the truth is that the situation is far more dire than most people realize. Just this week we have received quite a bit of very troubling news, and the outlook for the months ahead is very bleak. The following are 11 signs that the U.S. economy is in far worse shape than most people think… (Read More...)