The Economic Collapse

The balance sheets of America’s banks are packed with bad loans and bad investments, and that is really bad news for all of us because the banks are the beating heart of our economic system.  Without the loans that they provide, we would not even have a functioning economy.  So the health of our banks is of paramount importance.  Today, there are more than 4,000 banks in the United States, and maybe a few hundred of them could be considered healthy.  Most of our banks fully understand that they are in really deep trouble, and they are feverishly trying to avoid the same fate as Silicon Valley Bank, Signature Bank and First Republic Bank.  The following are 3 things that troubled U.S. banks are doing as they scramble to survive… (Read More...)

If you are planning to relocate in anticipation of the extremely chaotic times that are rapidly approaching, there are four primary factors that I think people should be focusing on.  First of all, you will want to go some place where you will be surrounded by like-minded people.  Secondly, you will want to avoid locations that have a high population density.  Thirdly, you will want to avoid regions that are at high risk of experiencing natural disasters.  Lastly, it is important to consider how the area you are considering will fare during a nuclear conflict.  Of course these are not the only factors that need to be considered, because choosing to relocate to another part of the country is a complicated decision.  Ultimately, you need to make whatever choice is right for you and your family at the time. (Read More...)

A lot of people have been waiting for a meltdown of America’s financial system, but the truth is that it is already in the process of melting down.  As you will see below, the size of the monetary base in the United States has gotten more than six times larger since 2008.  If we continue down this road, it won’t be too long before we start looking like Germany during the Weimar Republic.  But if we stop creating money at a feverish rate, we won’t be able to service our debts and we will plunge into a very deep economic depression.  Those that run things desperately want to avoid short-term economic pain, and so they just continue to take the easy way out.  Unfortunately, taking the easy way out time after time will only lead to heartache. (Read More...)

Can you guess who the quote in the article title is from?  I will give you a hint.  It wasn’t me.  I know that it sounds like it could have come from me, but it actually comes from a very big name on Wall Street.  Ellen Zentner is Morgan Stanley’s chief U.S. economist, and she is the one that said it.  During an interview with CNBC she warned that “the tightening impacts from monetary policy” will have enormous consequences for the U.S. economy in the months ahead… (Read More...)

Shoplifters are going hog wild all over America, and our politicians seem powerless to stop this crisis.  When I was growing up, shoplifting was something that was pretty rare.  Once in a while some irresponsible idiot would slip a candy bar into his pocket, but it wasn’t something that retailers were too stressed out about.  But now everything has changed.  Retail “shrink” broke the 100 billion dollar barrier in 2022, and the final number for 2023 is expected to be even higher.  Stuff is being stolen from our major retailers on an industrial scale, and this is having very serious consequences. (Read More...)

Would you eat Cheerios for dinner?  What about Lucky Charms?  Many years ago when I was a college student, I would often eat cereal instead of a normal meal in the evening.  Needless to say, that wasn’t good for my health at all.  But now “cereal for dinner” has become quite trendy.  Food prices have soared in recent years and millions of Americans are trying to cut costs anywhere that they can.  As the economy continues to implode and more consumers find themselves “under pressure”, the CEO of Kellogg thinks that he will be able to convince even more of us that choosing cereal for dinner is a great way to save money… (Read More...)