The Economic Collapse

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...)

If someone attacks your troops 46 times in less than a month, you are at war with them.  But the Biden administration certainly does not want to admit that we are at war with Iran.  We are heading into an election year, and many Americans don’t want to hear that we are involved in yet another war in the Middle East.  The mainstream media isn’t telling us the truth either.  Even though U.S. troops in Syria and Iraq have now come under fire 46 times since October 7th, the mainstream media continues to insist that we aren’t actually “at war” with Iran. (Read More...)

Our economy runs on credit, and our banks are the beating heart of that system.  Without healthy banks, how would Americans buy homes, purchase vehicles or get credit cards?  The way that our system is currently constructed, it is absolutely imperative for our banks to function properly.  Unfortunately, the truth is that our banks have gotten into deep financial trouble.  They are sitting on hundreds of billions of dollars in unrealized losses, and the primary reason why those losses have become so large is because we have witnessed a historic bond market crash over the past several years… (Read More...)

I truly wish that headline was an exaggeration.  Unfortunately, for decades Americans have been extremely irresponsible with their finances.  As a result, credit card debt is at an all-time high, auto loan debt is at an all-time high, mortgage debt is at an all-time high, corporate debt is at an all-time high, state and local governments all over the nation continue to get into absurd amounts of debt, and the federal government has piled up the single largest mountain of debt in the history of the world.  Our whole society is absolutely drowning in debt at this stage, and the only way out is for the entire system to collapse. (Read More...)

Should we be concerned about all of the problems that are suddenly erupting at our banks?  U.S. banks have been shutting down hundreds of branches, they have been laying off thousands of workers, and as I discussed yesterday vast numbers of customer accounts are being unceremoniously shut down without any warning whatsoever.  If all of that wasn’t bad enough, now endless “glitches” are plaguing our banking system.  For example, the glitch that caused paychecks not to be deposited at many banks on Friday still has not been fully resolved… (Read More...)

In recent weeks there have been numerous high profile bank “glitches”, accounts are being shut down without warning at a staggering rate all over the nation, and more institutions continue to get into very serious financial trouble.  For a while, I was ignoring some of these reports because I thought they were isolated issues.  But when you step back and take a bigger picture view of things, it really does appear that we have a major problem with the banks. (Read More...)