Why Is The Mainstream Media Suddenly Freaking Out About The Horrifying Inflation That Is Ahead Of Us?

Have you noticed that the corporate media has suddenly become obsessed with rising prices over the past week or so?  Day after day, mainstream news outlets are barraging us with stories about inflation, and even CNN is occasionally taking a break from bashing Republicans to cover this.  Earlier today, I was directed to a CNN article entitled “Prices are rising everywhere you look”, and I decided to read it.  Surprisingly, this was one CNN article that would actually pass an impartial fact check.  We really are seeing very painful inflation throughout the entire economy, and this is causing many to recall the days of “stagflation” under Jimmy Carter in the 1970s. (Read More...)

If We Are Experiencing Severe Shortages Now, How Bad Will Things Get When The Economy Starts Tanking Again?

Inflation and shortages are the two big stories for the U.S. economy this week.  In recent days I have done multiple articles about inflation, and so today I want to focus on the widespread shortages that we are currently witnessing.  At this moment, the U.S. economy is experiencing more shortages than it did at any point during 2020.  I know that statement sounds quite outlandish, but it is true.  During the early stages of the pandemic, there were temporary shortages of toilet paper, hand sanitizer and other items, but now there are severe shortages throughout many sectors of the economy, and quite a few of those shortages will not be so temporary. (Read More...)

What Will You Do When Inflation Forces U.S. Households To Spend 40 Percent Of Their Incomes On Food?

Did you know that the price of corn has risen 142 percent in the last 12 months?  Of course corn is used in hundreds of different products we buy at the grocery store, and so everyone is going to feel the pain of this price increase.  But it isn’t just the price of corn that is going crazy.  We are seeing food prices shoot up dramatically all across the industry, and experts are warning that this is just the very beginning.  So if you think that food prices are bad now, just wait, because they are going to get a whole lot worse. (Read More...)

We Are Dangerously Close To “The Tipping Point”

Every dollar that the federal government borrows and spends puts us even closer to a day of reckoning.  Many Americans (especially those on the left) seem to think that we can endlessly spend trillions upon trillions of dollars without ever suffering any consequences.  If that was true, why hasn’t any other society in all of human history ever been able to do such a thing?  Unfortunately, the truth is that the United States is not immune to the laws of economics.  Wildly creating money and driving up our national debt to absurd heights is inevitably going to crush our economic system.  And at this point, our debt-to-GDP ratio is already higher than Greece’s debt-to-GDP ratio was when the economy of that country finally collapsed… (Read More...)

Skyrocketing Lumber Prices Have Increased The Average Price Of A New Home By $35,872 In 1 Year

Do any of you remember when you could buy an entire house for $35,000?  There was a time in America when middle class Americans could buy a house and have it paid off in just a few years.  But now existing home prices have soared into the stratosphere, and lumber prices are making it ridiculously expensive to build new homes.  As you will see below, skyrocketing lumber prices have driven up the average price of a new home in the United States by almost $36,000 over the past 12 months.  That is absolutely nuts, but everyone agrees that even more inflation is on the way. (Read More...)

Get Ready For The Most Painful Inflation Since The Jimmy Carter Years Of The 1970s

If you are too young to have been alive during the 1970s, you might want to read up on that decade, because current economic conditions are starting to become eerily similar to what we experienced back then.  In the 1970s, an energy crisis caused tremendously long lines at gas stations all over the country.  In 2021, we don’t have a shortage of gasoline, but shortages of other key products are starting to cause very serious problems.  In fact, as you will see below, even the Biden administration is publicly admitting that there will be “supply chain disruptions” in the months ahead.  The 1970s also featured extremely painful inflation, and I certainly don’t need to tell you that prices have been rising very aggressively lately.  In fact, Bloomberg is using the term “skyrocketing” to describe the “upward trajectory” of commodity prices… (Read More...)

Dogecoin Is The Perfect Currency For The United States Of America In 2021

If you wanted to design a perfect currency for the farce that our financial system has become, you couldn’t do better than Dogecoin.  It was created as a joke, it has no real value, but investors are feverishly gobbling it up as if it was the greatest investment that any of us have ever seen.  A lot of people talk about the “Bitcoin bubble”, but Bitcoin is only up about 600 percent over the last 12 months.  Dogecoin is up about 18,000 percent over the past year even though there is no restriction on how many Dogecoins can eventually be created.  There is absolutely no reason why any rational investor should be putting a single red cent into Dogecoin, and yet it just keeps going up.  In fact, at one point this week Dogecoin had a total market value “of almost $42 billion”… (Read More...)

The Mass Exodus From The West Coast Is Driving Home Prices In Idaho To Insane Levels

Lots of people have been moving away from the west coast over the last decade, but we have never seen the sort of mass exodus that we have seen over the last year.  This mass exodus has created some extremely hot real estate markets in desirable areas located away from the coast, and according to the Wall Street Journal the hottest real estate market in the entire country right now is Coeur d’Alene, Idaho.  Any house in the area that gets placed on the market is likely to spark a bidding war, and according to the Coeur d’Alene Association of Realtors the median price of a home in the region has risen by a whopping 47 percent in the last 12 months… (Read More...)

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