The Economic Collapse

There is a reason why I am watching the banks so carefully.  The banks are the beating heart of our economic system, and so if they get into big trouble we will all feel the pain.  That is precisely what happened in 2008, and that is precisely what is happening again right now.  In recent months there have been endless banking “glitches”, banks have been shutting down hundreds of branches and laying off thousands of workers, and lenders are getting really tight with their money because they are sitting on hundreds of billions of dollars of unrealized losses.  And just in time for Thanksgiving, three of our “too big to fail” banks have had their ratings downgraded by Moody’s Investors Service… (Read More...)

19 months in a row!  The Conference Board’s index of leading economic indicators has now fallen for 19 months in a row.  When something happens for 19 consecutive months, that is definitely a trend.  The economy is clearly in big trouble, and conditions are getting worse with each passing day.  But the mainstream media continues to insist that the economy is doing just great.  They tell us that inflation is low, but if it was still measured the way that it was back in 1980, the official rate of inflation would be well into double digit territory.  And they tell us that the unemployment rate is low, but if honest numbers were being used the official rate of unemployment would be about 25 percent right now.  There are highly qualified people that can’t even get an interview even though they are sending out hundreds and hundreds of resumes.  What are they doing wrong? (Read More...)

U.S. consumers are getting weaker and weaker and weaker.  Today, debt levels have risen to unprecedented heights, but thanks to roaring inflation our standard of living has been steadily going down.  Most Americans are working extremely hard, but they have very little to show for it.  And now the latest economic downturn is really starting to bite.  Layoffs are starting to surge again, once thriving businesses are shutting down all over the nation, and hunger and homelessness are exploding.  If economic conditions continue to deteriorate at this pace, what will things look like a year from now? (Read More...)

The rich have been getting richer and the poor have been getting poorer, and this is causing all sorts of societal problems.  Thanks to social media, the poor can see the incredible affluence that the wealthy are enjoying, and they are deeply envious.  Of course it certainly doesn’t help that flaunting wealth has become one of the favorite pastimes of the wealthy.  Many of them love to post photos and videos of their luxury lifestyles on their social media accounts, and that is not a good thing.  Because times have not been good for most of the country.  In fact, a brand new study from the Federal Reserve has discovered that the bottom 80 percent have “lower bank deposits and other liquid assets compared to their status in March 2020”… (Read More...)

Crime is completely and utterly out of control in this nation.  During the first six months of this year, retail theft was up 109 percent in the city of Los Angeles.  In response to this tsunami of theft, retailers are starting to lock up products all over the nation.  But if we don’t start locking up the criminals, we are literally going to have to lock up everything.  Unfortunately, right now we cannot lock up all of the criminals, because the number of criminals far exceeds the number of empty spots in our prisons.  Even though we have more people locked up than any other nation on the entire planet, our streets are still absolutely teeming with predators.  This is what an advanced stage of social decay looks like, and it isn’t pretty. (Read More...)

The seemingly endless drought in the heartland of America is not going to be good for food production.  For years, I have been relentlessly warning my readers that Dust Bowl conditions would return to the middle of the country.  And now, Dust Bowl conditions have returned to the middle of the country.  In fact, as you will see below, it is being reported that conditions are “drier than the Dust Bowl years” in some parts of Iowa.  If the heartland of America doesn’t start getting more precipitation, we are going to be facing some enormous problems in the years ahead. (Read More...)

What in the world is happening to the middle class?  Once upon a time, the United States had the largest and most vibrant middle class in the history of the world.  When I was growing up, a single income was all that was needed to support a middle class lifestyle for an entire family.  My mother didn’t work outside of the home, and that was the case with many other mothers that lived in our middle class neighborhood.  None of the kids that I played with or went to school with were “wealthy”, but everyone lived comfortably.  But now everything has changed.  The middle class in America is working harder than ever, but it has been steadily shrinking.  With each passing day, more Americans are falling out of the middle class and into poverty, and this is a trend that should deeply alarm all of us. (Read More...)

All of a sudden, the giant rock that we all live on is starting to go a bit nuts.  Unusual volcanic activity is happening all over the globe, but the “experts” are assuring us that there is nothing to be concerned about.  But could it be possible that they are wrong?  After you have reviewed the information that I provide in this article, come to your own conclusion.  To me, it definitely appears that what we are currently witnessing is not normal. (Read More...)