The Economic Collapse

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...)

Many would argue that we are already living in a dystopian society, but if those that are currently running things get their way our world will soon look far more dystopian than it does now.  Over the past few years, we have seen an unprecedented explosion of new technologies.  Some of these technologies appear to have the potential to make life better, but others would give those in positions of power the ability to watch us, track us, monitor us and control us like never before.  If you are not concerned about what we are now witnessing, that is probably because you haven’t been paying attention. (Read More...)

It is definitely starting to look a lot like 2008 and 2009 again.  Those years were such a painful time for our country, and in many ways we still haven’t fully recovered from the damage that was inflicted upon us during that era.  Unfortunately, so many of the exact same things that we experienced back then are starting to happen in our time.  For example, the Great Recession brought us the greatest foreclosure crisis in the history of our nation, and now foreclosures are really starting to spike here in 2024.  In fact, the number of new foreclosure filings in the U.S. just jumped 10 percent in a single month… (Read More...)

What would we do if we suddenly couldn’t use the Internet or our phones any longer?  For a lot of people, such a scenario would be unthinkable.  In fact, it felt like the “world is ending” for many AT&T customers on Thursday.  The disruption to AT&T’s network only lasted for a few hours, but it created quite a frenzy.  If we are going to see this much panic for an outage that happens for just a few hours, what would our society look like if Internet and phone communication was down for days, weeks or even months? (Read More...)

It seems odd to talk about 2021 as “the good old days”, but the truth is that the cost of living was far lower just three short years ago.  Earlier today, I did an interview with Sam Rohrer of Stand In The Gap Today in which we discussed how food prices have gotten wildly out of control.  One example that I brought up was the fact that a Big Mac “value meal” can cost up to 18 dollars in some parts of the country.  There is no way that I would shell out 18 bucks for a burger, some fries and a drink at McDonald’s.  But this is the economic environment that we live in today. (Read More...)