2020 Has Been A “Nightmare Year” For America, And The Economic Fallout Is Just Getting Started

Most of us have never experienced a year that has been as tough as 2020 has been for our nation.  It has just been one major crisis after another, and the month of September has brought us even more trouble.  The worst wildfire season in the history of the state of California has been making headlines day after day, and now the passing of Ruth Bader Ginsburg threatens to escalate the political turmoil in this nation to an entirely new level.  Many had such high hopes for 2020, but at this point this year has been such a disaster that USA Today is calling it “an American nightmare”, and it is difficult to argue with their reasoning… (Read More...)

America 1950 vs. America 2020

If you could go back to 1950, would you do it?  There would be no Internet, no cellphones and you would only be able to watch television in black and white.  But even though they lacked many of our modern conveniences, people genuinely seemed to be much happier back then.  Families actually ate dinner together, neighbors knew and cared about one another, and being an “American” truly meant something.  Today, we like to think that we are so much more “advanced” than they were back then, but the truth is that our society is in the process of falling apart all around us.  Could it be possible that we could learn some important lessons by looking back at how Americans lived 70 years ago? (Read More...)

If They Will Loot Homes During These Wildfires, What Will They Do To You And Your Family When They Have No More Food?

When disaster strikes, the first instinct that some people have is to go out and loot homes that have been evacuated.  I wish that this wasn’t the case, but it seems to happen every time that we see a huge natural disaster.  You have to be quite sick to want to take advantage of people that have left their homes during a great tragedy, but we have seen it happen over and over the last several years.  Twisted individuals that have had their consciences completely seared think that undefended homes are an easy target, and a lot of times they get away with it.  Fortunately, authorities were able to catch two degenerates that were just looting evacuated homes in Oregon, but only after they led the police on a high speed chase… (Read More...)

If You Feel Like Something Really, Really Bad Is About To Happen, You Are Definitely Not Alone

If this is “the recovery”, what are things going to look like once economic conditions start to deteriorate again?  As you will see below, more than half of all households in some of our largest cities “are facing serious financial problems”, and Americans continue to file for unemployment benefits at a rate that the United States had never seen before prior to 2020.  When 695,000 workers filed for unemployment benefits during a single week in 1982, it established a record which stood for nearly 38 years.  But now we have been way above that old record for 25 weeks in a row.  On Thursday, we learned that another 884,000 Americans filed new claims for unemployment benefits last week… (Read More...)

A Sign Of The Times? Unprecedented Fires Have Turned Skies Bright Orange And Blood Red Over California And Oregon

2020 has been an incredibly difficult year for the U.S. as a whole, but no part of the country has been hit harder than the states along the west coast.  It has just been one thing after another all year long, and now unprecedented wildfires have turned the skies bright orange and blood red over vast stretches of California and Oregon.  Many are using the word “apocalyptic” to describe what is happening, and others have said that the skies look like something out of a science fiction movie.  And even though hundreds of thousands of acres have already burned in Oregon and Washington, and even though more than two million acres have already burned in California, officials are warning that conditions will get even worse as we head into “the teeth of the wildfire season”. (Read More...)

A September Stock Market Crash?

Many of us have been waiting to see what surprises the month of September would bring, and it appears that a stock market crash may be one of them.  Even the most ardent market optimists were admitting that the absurd bubble that had developed over the course of the summer was completely unsustainable, and the only real debate was over when it would finally burst.  So is this it?  Stock prices have certainly plunged quite dramatically over the last several trading sessions, but it is always possible that things could stabilize for a little while.  But whether it happens in September, October, November, December or next year, the truth is that everyone knows that a crash is coming. (Read More...)

Charities “Have Lost Billions” And 1 Out Of Every 5 Churches In America “May Not Survive”

Whenever a major economic downturn happens, churches and charities always get hit really hard.  Cutting back on giving is often the very first step that people take when it comes time to reduce expenditures, and that is extremely unfortunate.  But of course you can’t get blood out of a rock, and there are tens of millions of Americans that have lost jobs in 2020 and so they don’t have any extra money to give at this point.  Approximately 59 million Americans have filed new claims for unemployment over the past 24 weeks, and we are seeing absolutely massive lines at food banks all around the nation.  In such an environment, it was inevitable that there would be a collapse in charitable giving, and it is being reported that major U.S. charities have already “lost billions in revenue”… (Read More...)

Over Half Of All Young Adults Are Living With Their Parents – Highest Level In Modern American History

As the chaotic events of 2020 have unfolded, large numbers of young people have moved back in with their parents, and this has pushed the percentage of Americans in the 18 to 29-year-old age bracket that live with their parents to the highest level ever recorded.  Without a doubt, the collapse of the economy has hit young adults particularly hard.  About 59 million Americans have filed for unemployment over the past 24 weeks, and low wage workers have been disproportionally affected by this tsunami of job losses.  Needless to say, young adults traditionally make up a large chunk of our low wage workers, and now that really tough times have hit a lot of them are being forced to fall back on their mothers and their fathers for support.  According to a brand new report that was just put out by the Pew Research Center, 52 percent of all young adults in this country are now living with their parents… (Read More...)

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