The Economic Collapse

As a nation, we have literally been in the process of committing financial suicide for decades.  Sadly, some people have responded to the new administration’s efforts to get debt levels under control by committing acts of extreme violence.  Our society is deeply addicted to debt and that must stop.  The 7 economic charts that you are about to see are incredibly shocking.  If you know anyone that still does not believe that the United States is in the midst of a long-term economic decline, just show them these charts.  Sometimes you can quote economic statistics to people until you are blue in the face and it won’t do any good, but when those same people see charts and pictures suddenly it all sinks in.  What is great about charts is that you can very easily demonstrate what has been happening to the economy over an extended period of time.  As you examine the economic charts below, pay special attention to what has been happening to the U.S. economy over the last 30 or 40 years.  The truth is that what is wrong with the U.S. economy is not a great mystery.  All of the economic problems that we are experiencing now have taken decades to develop.  Hopefully the charts in this article will help people realize just how nightmarish our economic problems have become, because until people start realizing how incredibly bad things have gotten they will never be willing to accept the dramatic solutions that are necessary to fix our financial system. (Read More...)

We certainly do live in “interesting” times.  In all my years of writing, I have never seen a stock market correction, a global trade war and a government shutdown all happen at the same time.  If the federal government does indeed shut down on Friday, we will complete that very impressive trifecta.  Needless to say, a government shutdown would only add to the jitters that we are witnessing on Wall Street right now.  On Thursday, the Dow Jones Industrial Average was down for a fourth day in a row, and the S&P 500 fell into correction territory… (Read More...)

Is it just a coincidence that a large number of talking heads in the corporate media have all suddenly decided to start blaming Donald Trump for causing a “recession”?  During the four years of the Biden administration those same voices insisted that there was no “recession” on the horizon even though homelessness was setting record high after record high, demand at food banks surged to levels never seen before, inflation was out of control, home sales plunged to extremely depressed levels, stores and restaurants were closing all over the nation and debt levels were breaking records.  Let’s be real.  The U.S. economy has been on a downward trajectory for a long time, and that downward trajectory got even steeper in the final stages of the Biden administration.  But now we are being told that the economic problems that we are experiencing are happening because  Donald Trump is “manufacturing” a recession… (Read More...)

The U.S. economy was steamrolling in the wrong direction for four years under Joe Biden, and now we have an extraordinary mess on our hands.  Nobody can deny that our economic numbers are absolutely horrible right now.  GDP growth is expected to be negative during the first quarter, inflation is rising again, home sales are at extremely depressed levels, retail sales are down, stores and restaurants are closing at a staggering pace, debt levels are out of control, and mass layoffs are happening all over the nation… (Read More...)