The Economic Collapse

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...)

Censorship of the Internet has been getting worse for years, but we just crossed a threshold which is going to take things to a whole new level.  On August 25th, a new law known as the “Digital Services Act” went into effect in the European Union.  Under this new law, European bureaucrats will be able to order big tech companies to censor any content that is considered to be “illegal”, “disinformation” or “hate speech”.  That includes content that is posted by users outside of the European Union, because someone that lives in the European Union might see it.  I wrote about this a few days ago, but I don’t think that people are really understanding the implications of this new law.  In the past, there have been times when governments have requested that big tech companies take down certain material, but now this new law will give government officials the power to force big tech companies to take down any content that they do not like.  Any big tech companies that choose not to comply will be hit with extremely harsh penalties. (Read More...)

The Biden administration is trying really hard to convince us that the U.S. economy is doing just fine, but the numbers just keep getting worse and worse.  Consumer confidence is plummeting, large corporations are conducting mass layoffs all over the country, and major retailers are really struggling right now.  Meanwhile, some of the smartest guys in the financial world are making moves that would only make sense if the economy was headed for big trouble.  Earlier this month, I wrote about how Michael Burry has bet 1.6 billion dollars that the stock market is going to crash.  He made a ton of money in 2008 by being on the correct side of the financial crisis, and he plans to make even more money this time around.  This week, speculation has been growing that Warren Buffett also believes that a major downturn is coming.  In fact, Business Insider is warning that Warren Buffett “may be bracing for a recession” because he has been selling off stocks at a staggering pace… (Read More...)