In every war there is a high price to pay, and this trade war will not be any different. The normal flow of goods and services around the globe is being severely disrupted, and even though this trade war has barely just begun, it is already having an enormous impact on the U.S. economy. Even if we ultimately win this trade war and the Trump administration is able to achieve all of the goals that it is targeting, there will still be a great cost in the short-term. We are going to see businesses fail, we are going to see workers get laid off, and global economic activity will inevitably contract. Heck, at this point even Fox News is calling this trade war “economic suicide”. We live at a time when a delicately balanced formula of economic factors allows us to live a debt-fueled standard of living that is far beyond what we actually deserve. Now we are messing with that formula, and the consequences are likely to be far more severe than most Americans are anticipating. (Read More...)
We Are Seeing Heat And Drought In The Southwest United States Like We Haven’t Seen Since The Dust Bowl Of The 1930s
Despite all of the other crazy news that is happening all around the world, the top headlines on Drudge on Monday evening were all about the record heatwave that is currently pummeling the Southwest. Of course it is always hot during the summer, but the strange weather that we have been witnessing in recent months is unlike anything that we have seen since the Dust Bowl days of the 1930s. At this moment, almost the entire Southwest is in some stage of drought. Agricultural production has been absolutely devastated, major lakes, rivers and streams are rapidly becoming bone dry, and wild horses are dropping dead because they don’t have any water to drink. In addition, we are starting to see enormous dust storms strike major cities such as Las Vegas and Phoenix, and the extremely dry conditions have already made this one of the worst years for wildfires in U.S. history. What we are facing is not “apocalyptic” quite yet, but it will be soon if the rain doesn’t start falling. (Read More...)
Beware – The Last 7 Times The Yield Curve Inverted The U.S. Economy Was Hit By A Recession
Seven times since the 1960s we have seen the yield curve invert, and in each of those seven instances an economic recession in the United States has followed. Will this time be any different? Today, the yield curve is the flattest that it has been in 11 years, and many analysts believe that we will see an inversion before the end of 2018. If an inversion does take place, experts will be all over the mainstream media warning about “an imminent recession”. Unfortunately, most Americans don’t understand these things, and when they hear terms like “yield curve” they tend to quickly tune out. So in this article we are doing to define what a yield curve is, why it is so important, and why another U.S. recession may be rapidly approaching. (Read More...)
Nearly 40 Million Americans Are Still On Food Stamps
If the U.S. economy is “doing well”, then why are almost 40 million Americans still on food stamps? That number is almost exactly where it was at the end of the last recession, and supposedly we have made so much progress since that time. Of course any progress that has been made has been extremely uneven. Earlier today, I wrote about how the gap between the rich and the poor in this country is the biggest that it has been since the 1920s. For years, the Federal Reserve’s quantitative easing program pumped “hot money” into the financial markets, and that was an enormous blessing to the top 1 percent. But meanwhile tens of millions of average families have continued to struggle and the middle class has continued to decline. In the U.S. today, 66 percent of all of our jobs pay less than 20 dollars an hour, and close to 40 million Americans rely on the federal government to feed them every month. The following comes from Bloomberg… (Read More...)
Police Union President Laments That Portland Has Become A “Cesspool” As West Coast Cities Struggle With An Unprecedented Surge In Homelessness
Even though it has always been kind of crazy, at one time Portland, Oregon was quite an attractive place to live, but now those days are long gone. Today, the city streets are strewn with garbage, drug paraphernalia and human feces. Mentally ill homeless people and drug addicts wander about like zombies, and there are certain areas of the city that you absolutely do not want to visit at night. In essence, the city is slowly becoming a post-apocalyptic version of its former self, and those that love the city are seething with frustration. Of course Portland is simply experiencing the same surge in homelessness that so many other west coast cities are struggling to deal with. As housing prices have risen dramatically, many on the lower end of the income scale have been priced out of the market entirely, and an increasing number of people are being forced to sleep in vehicles, in shelters or on the streets. (Read More...)
The Trade War Is Already Having A Huge Impact On The U.S. Economy
The trade war has barely just begun, and yet significant ripple effects are already being felt all across the U.S. economy. Once thriving businesses are on the verge of failure, workers are being laid off, and some sectors of the economy are witnessing enormous price hikes. Right now the mainstream media is absolutely fixated on the drama surrounding the recently concluded Trump-Putin summit meeting, but the consequences of this trade war will ultimately be far more important for the lives of most ordinary Americans. As more tariffs continue to be implemented, this will perhaps be the biggest disruption to the global economic system that we have seen in decades. Perhaps you have not been affected personally yet, but for many Americans this trade war has changed everything. For example, just consider the plight of soybean farmer Tim Bardole… (Read More...)
Ron Paul Warns That When The “Biggest Bubble In The History Of Mankind” Bursts It Could “Cut The Stock Market In Half”
When this bubble finally bursts, will we witness the biggest stock market crash in U.S. history? “The bigger they come, the harder they fall” is a well used phrase, but I think that it is very appropriate in this case. From a low of 6,443.27 on March 6th, 2009, we have seen the Dow nearly quadruple in value since the last financial crisis. It has been a remarkable run, and it has lasted far longer than virtually any of the experts anticipated. But what goes up must come down eventually. This stock market bubble was almost entirely fueled by easy money from the Federal Reserve, and now that easy money has been cut off. The insiders can see the handwriting on the wall and they are getting out of the market at a pace that we haven’t seen since 2008. Could it be possible that the day of reckoning is finally at our door? (Read More...)
It Could Really Happen! Republicans Are Preparing To Impeach Deputy Attorney General Rod Rosenstein
If this happens, it could change everything. Even more than Peter Strzok, Deputy Attorney General Rod Rosenstein is a perfect example of a deep state operative. No matter who we have sent to Washington, our government agencies have always been dominated by deep state operatives such as Rosenstein, and up until recently the American people have seemed powerless to do anything about it. But now there is a ray of hope. Peter Strzok’s nearly 10 hour grilling in front of Congress on Thursday was definitely a step in the right direction, and on Friday we learned that conservatives are preparing to begin impeachment proceedings against Rosenstein. In fact, Politico is reporting that Mark Meadows actually had the impeachment document on the House floor at the exact moment that Rosenstein announced indictments against 12 Russian intelligence officials for hacking the Democratic National Committee… (Read More...)