The Economic Collapse

Despite the fact that our politicians in Washington have been borrowing and spending trillions of dollars that we do not have in a desperate attempt to prop up the economy, living paycheck to paycheck has become a permanent lifestyle for most Americans.  In other words, well over half of the country is literally living on the brink of financial disaster.  When you are living paycheck to paycheck, there is no room for error.  A job loss, a business failure or a medical emergency can mean complete and utter financial ruin if you don’t have a cushion to fall back on.  That is why the results of a brand new survey are so alarming.  According to a report that was just released by LendingClub, 62 percent of all U.S. adults were living paycheck to paycheck last month… (Read More...)

The only way that we can continue to have cheap food is if we have cheap energy.  We use energy to grow our food, to harvest our food, to produce our food and to package our food.  And transporting all of that food from the farm to the factory and then to the stores takes lots of energy.  Of course it isn’t just our food supply that depends upon cheap energy.  Ultimately, our entire way of life is predicated on a cheap energy paradigm.  If you take cheap energy away, everything changes. (Read More...)

Now we are going to find out who was bluffing and who was not bluffing.  Israeli troops have gone into Gaza, and we are being told that this is a war that could last for months.  Of course it could easily last a lot longer than that.  If the stated goal is to eliminate Hamas, that certainly won’t be easy.  Israeli Prime Minister Benjamin Netanyahu is calling this a second war of independence, and he just told the world that “Never Again is now”… (Read More...)

Most people don’t seem to realize that one of the most important moments that any of us have ever witnessed is about to happen.  When the Israeli invasion of Gaza officially commences, nothing will ever be the same from that point forward.  The entire Middle East will erupt in flames and the global economy will go completely haywire.  But Israel doesn’t have a choice in this matter.  If our babies were killed, our women were raped and our grandmothers were kidnapped, we would be going to war with Hamas too.  Unfortunately, much of the Islamic world is uniting behind Hamas, and so Israel could soon find itself literally fighting a war of national survival. (Read More...)

It is becoming clear that the U.S. is going to be heavily involved in the war in the Middle East, and it is becoming clear that this is going to mean a direct confrontation with Iran.  Are you ready for that?  Are any of us really ready for such an apocalyptic scenario?  Hamas and Hezbollah wouldn’t be anything without funding and arms from Iran.  So Iran is the “big dog” that is ultimately responsible for all of the terrorism.  On the other side, the U.S. is the “big dog” that funds and supports Israel.  In the end, it was probably inevitable that the two “big dogs” would tangle eventually. (Read More...)

It is happening again.  All over America, borrowers are getting behind on their payments.  In particular, subprime borrowers are having a very difficult time paying the bills.  Does that ring a bell?  That should, because the last time we witnessed anything like this was during the last financial crisis.  When things start to go bad, those at the bottom of the economic food chain feel it first, and that is why the numbers that have been coming out lately are so alarming. (Read More...)

It is becoming clear that Israel is going to have to battle enemies on multiple fronts, and that means that this war is going to look a whole lot different than a lot of people thought that it would.  If the fighting could have been confined to just Israel and Hamas, there still would have been a lot of death and destruction, but everyone knows that Hamas is no match for the IDF.  But if Hezbollah, Syria, Iran and the Palestinians in the West Bank all jump into the conflict, all of a sudden this becomes a war of national survival for Israel, and in such a scenario it is much more likely that weapons of mass destruction will be used.  So it should deeply alarm all of us that fighting has now erupted on multiple fronts. (Read More...)

I know that there is a lot going on in the world right now, but I just had to write about what is happening to our banks.  High interest rates and chaos in the real estate industry are combining to put an enormous amount of pressure on our largest financial institutions.  As a result, banks are getting very tight with their money, they are closing down hundreds of branches, and they are laying off thousands of workers.  We are in the early stages of the worst financial crisis since 2008 and 2009, and I fully expect conditions to get even worse in the months ahead. (Read More...)