The Economic Collapse

America’s middle class is being systematically eviscerated.  When the Federal Reserve pumped trillions of dollars into the financial system during the pandemic, most Americans didn’t realize what that would do to them.  That money certainly made the wealthy a whole lot wealthier, but it also dramatically increased the cost of living for the rest of us.  So now inflation has been rising much faster than paychecks have, and the cost of living has become exceedingly oppressive.  In fact, last year we witnessed the largest decline in real median household income in more than a decade… (Read More...)

The stage has been set for a societal meltdown of epic proportions.  When the United States went through the Great Depression of the 1930s, conditions were extremely rough, but our country was able to successfully weather the storm thanks to the relatively high character of the American people.  Unfortunately, several generations later we are simply not made of the same stuff.  Just about every form of evil that you can possibly imagine is absolutely exploding in our society today, and there is chaos in major cities from coast to coast.  If things are this bad now, while economic conditions are still at least somewhat stable, what is going to happen when economic conditions get exceedingly harsh in this country? (Read More...)

Why are so many historic natural disasters suddenly hitting us one after another?  For a moment, I would like for you to think about what we have seen over just the past several weeks.  The wildfires on Maui were the deadliest in the entire history of the United States.  Then Hilary absolutely pummeled southern California, Idalia caused immense damage along the Gulf Coast of Florida, and now Hurricane Lee is threatening the east coast.  If it actually hits a major population center in the Northeast, we could see immense devastation.  Meanwhile, large earthquakes are striking without warning all over the globe.  On Friday night at 11:11 local time, a highly destructive magnitude 6.8 earthquake hit Morocco… (Read More...)

Higher interest rates are absolutely strangling the real estate industry, and there is no relief in sight.  The sudden shift from a very low interest rate environment to a much higher interest rate environment has paralyzed sales.  As I have discussed previously, very few homeowners that are currently locked into a mortgage at a low interest rate want to sell, because buying a home to replace the one that they are selling would mean taking on a mortgage at a much higher rate of interest.  And millions of potential home buyers have been chased out of the market because of the exceedingly high mortgage payments that they would be facing if they pulled the trigger on a purchase right now.  So sales of previously-owned homes have dropped by more than 32 percent over the past two years.  In other words, about a third of the entire previously-owned home market has already been wiped out. (Read More...)

Scientists all over the world continue to “play God”, and we are all going to have to live with the consequences.  Every single day, incredibly bizarre experiments are being conducted in secret laboratories all over the planet.  I have frequently warned my readers about the very deadly diseases that are being developed in such laboratories, but other types of extremely sick experiments are happening as well.  For example, it is being reported that one team of researchers has now been able to create a human “entity” that does not have a mother or a father.  In fact, it was created “without using sperm, an egg or a womb”… (Read More...)

Can you imagine what tourists must think when they come to this country?  They spend a lot of money to fly all the way over here, and they are hoping to have amazing experiences that they will always remember.  But instead, they quickly realize that the cities that they have come to see are rapidly degenerating.  Today, our major cities are filthy, they are teeming with predators, and violent crime is completely out of control.  Let me give you an example of what I am talking about.  New York City is the financial capital of the world, and millions of tourists still visit each year.  But now the Big Apple has such an enormous rat problem “that rat tourism is fast becoming a boom industry”… (Read More...)

Joe Biden just can’t quit fibbing.  On Labor Day, he traveled to Philadelphia where he delivered a speech touting the success of “Bidenomics”.  Who does he think he is fooling?  The American people aren’t buying that nonsense.  They know that prices are out of control at the grocery store.  They know that the cost of living has been rising much faster than their paychecks have been.  They know that high interest rates have made it much harder to buy a home.  And they can see that lots of people are starting to lose their jobs.  The truth is that Joe Biden’s time in the White House has been an economic nightmare, and it appears that conditions are likely to get even worse before he is scheduled to leave. (Read More...)

How far would you go to feed your family?  Hopefully that is a question that you will not have to answer any time soon, but right now we are seeing millions upon millions of people become more desperate as economic conditions rapidly deteriorate and food costs soar.  At this point, most Americans are just barely scraping by from month to month, and in poorer countries on the other side of the world there are people that are literally starving to death.  As I have detailed previously, the UN has reported that 2.4 billion people did not have enough food to eat last year, and 900 million of them were facing severe food insecurity.  Sadly, those numbers will inevitably be even higher for 2023.  A global rice crisis has erupted, and the collapse of the Black Sea grain deal has greatly restricted the flow of agricultural goods from that part of the globe.  Food costs are spiking all over the planet, and that is really bad news for all of us. (Read More...)