Is the party almost over? Volatility has returned to Wall Street in a major way, and certain investors are getting absolutely crushed. On Wednesday, a trillion dollars in paper wealth had been wiped out during the trading session at one point, but those losses were later pared back as cryptocurrencies rallied. On social media, there has been a lot of weeping and wailing due to the huge financial losses that some people have experienced this week. But if you think that these losses are bad, just wait until you see what is coming later. (Read More...)
If Everything Is Going To Be Just Fine, Why Do The Shortages Just Keep Getting Worse?
They keep telling us that economic conditions are improving, but if that is true why are the shortages worse than ever? For a moment, I would like to take you all the way back to 2019. Before the pandemic came along, we didn’t have any shortages. If you wanted something, you just went to the store and got it or you ordered it online. Prices were low, global supply chains were functioning smoothly, and to most people it seemed like it would stay that way for the foreseeable future. But then the pandemic hit, and “panic buying” caused short-term shortages of certain items such as toilet paper and hand sanitizer. It was understandable that people would want to hoard those things, because there was a lot of fear in the air. But we also knew that those shortages were only going to be temporary. (Read More...)
A Severe Computer Chip Shortage Will Last “A Few Years”, And This Could Plunge The Global Economy Into Utter Chaos
Of all the shortages that we are currently facing, the global computer chip shortage may be the most serious. That is because the chip shortage is expected to last “a few years”, and just about every sector of the world economy will be dramatically affected by this. When people think of products that contain computer chips, they tend to think of electronic devices such as televisions, phones and laptops. But computer chips are in thousands of other products as well. They are in the vehicles that we drive, they are in the toys our children play with, and they are in the heavy machinery that farmers use to produce our food. Without computer chips, our society as it is constituted today simply could not function, and so this is a really big deal. (Read More...)
Megadrought Nightmare: No Water For Crops, Horrific Wildfires, Colossal Dust Storms And Draconian Water Restrictions
The megadrought that has almost the entire western half of the country in a death grip is starting to become extremely painful. In some areas, irrigation water is being totally cut off for farmers, and that is going to result in a totally lost year for many of them. Without water, you simply cannot grow crops, and irrigation water is the difference between success and failure for multitudes of western farmers. Scientists are also warning that this upcoming wildfire season could be even worse than last year due to the bone dry conditions. For me, it is difficult to imagine a wildfire season that is any worse than what we experienced in 2021. But this is what they are telling us. This megadrought has already been going on for many years, and experts are giving us very little hope that things will improve any time in the foreseeable future. In fact, CBS News is reporting that this current drought is in danger of evolving into a “permanent drought”… (Read More...)
IT’S WAR!: Israeli Forces Strike Gaza As The World Braces For A Horrific Conflict In The Middle East
***UPDATE: It appears that Israeli statements about the conflict have caused much confusion among news outlets. Earlier in the day Lt. Col. Jonathan Conricus had told the press that there were Israeli ground troops “attacking in Gaza”, but now he has told reporter Alex Ward the following: “Clarification: there are currently no IDF ground troops inside the Gaza Strip. IDF air and ground forces are carrying out strikes on targets in the Gaza Strip.” So it appears that ground forces are being used to conduct strikes in Gaza, but they have not officially crossed over into Gaza just yet. I apologize for any confusion, and we will continue to monitor further developments.*** (Read More...)
It Took Just A Couple Of Days For Madness To Descend Upon America Once Gas Shortages Began
Did you react calmly when you learned that a cyberattack against one of our most important pipelines was causing thousands of gas stations to run out of gasoline? Sadly, lots of Americans didn’t. There was yelling, there was screaming, there was lots of hoarding, vehicles were waiting in line for hours at stations that still had gas, and there were reports that brawls were even breaking out between frustrated motorists. Even though we knew that the shortages were just going to be temporary, people were “panic buying” gasoline as if the apocalypse had arrived. In fact, one energy expert said that this was “the worst panic buying for gasoline since the Carter Administration”… (Read More...)
Do You Get The Feeling That Events Happening Now Are Leading Us Into An Endless Global Nightmare?
2021 was supposed to be the year that life went back to normal. Obviously that is not happening, and so a lot of prominent voices out there are going to be forced to update their narratives. Global events have really started to accelerate, and so many of the things that the “doom and gloomers” have been warning about are starting to happen right in front of our eyes. For example, on my websites I have been talking about Israel a lot in recent months, and now it appears that the region is on the brink of war. So far, more than 700 rockets have been fired into Israel from Gaza, but by the time you read this article that number will probably be even higher. In response, the IDF has conducted a series of dramatic strikes inside Gaza, and Israeli Prime Minister Benjamin Netanyahu is promising “to attack harder and increase the pace of attacks”… (Read More...)
Yikes! Corn Prices Are Up Roughly 50% In 2021 As Americans Brace For Years Of Horrific Food Inflation
It sure didn’t take long for the Joe Biden era to start resembling the Jimmy Carter era. Prices are going up so fast that even the mainstream media can’t stop talking about it. This has already become a major national crisis, and it should be exceedingly obvious to everyone that it is only going to get worse. The Biden administration wants to borrow and spend trillions more dollars on top of all the absurd spending that has already happened, and the Federal Reserve is going to continue to pump gigantic piles of fresh cash into the financial system. Collectively, our leaders are literally committing economic malpractice, and if most Americans truly understood what was going on they would be out in the streets protesting against it. (Read More...)