The Economic Collapse

America was once a country that built stuff.  Previous generations of Americans constructed the greatest highways, bridges, railroads, ports, dams and water systems that anyone had ever seen.  Magnificent new mega-cities were erected from coast to coast, and the rest of the world looked at us with envy.  Ultimately, the keys to all of this infrastructure were handed down to us, and we have really messed things up.  We don’t actually build much of anything these days.  In fact, we can’t even maintain the infrastructure that we have been given.  As a society we have become extremely lazy and extremely incompetent, and so the great civilization that our forefathers built for us is now crumbling right in front of our eyes. (Read More...)

A lot of the “experts” have been telling us that economic conditions are likely to really start deteriorating later in the year, but here we are in June and the economy is beginning to unravel a lot quicker than most of them had anticipated.  The housing bubble is imploding, existing home sales are plunging all over the nation, foreclosures are surging, manufacturing numbers have fallen into contraction territory and jobless claims are rising.  We are building up a tremendous amount of momentum in the wrong direction, and just about everyone agrees that the outlook for the remainder of 2023 is not promising.  So if things are this bad now, what will they look like in six months? (Read More...)

Significantly higher food prices are coming, because U.S. food production is going to be way below normal levels this year.  That is really bad news, because food prices are already absurdly high.  In some cases, people are paying as much for a full shopping cart full of food as they did for a used vehicle in the old days.  I wish that I was exaggerating, but I am not.  Unfortunately, food prices are only going to go higher because farmers and ranchers are being hit extremely hard from coast to coast.  For example, it is being reported that wheat farmers in Kansas “will reap their smallest harvest in more than 60 years”… (Read More...)

A lot of people have been waiting for “the other shoe to drop”, and now that day has arrived.  Thanks to rapidly rising interest rates and historically low occupancy rates, we are facing an unprecedented commercial real estate crisis.  Borrowers are starting to walk away from commercial real estate properties all over the nation, and that is really bad news for small and mid-size banks because they are holding most of these loans.  Needless to say, a lot of small and mid-size banks are simply not going to be able to survive a nationwide tsunami of commercial real estate defaults. (Read More...)

There is nothing wrong with being optimistic, but blind optimism can be a very dangerous thing.  The reason why so many of the “experts” were shocked by the Great Recession of 2008 and 2009 is because they didn’t want to believe that such a thing could happen.  Unfortunately, we are witnessing a similar pattern now.  Even though we are absolutely drowning in debt, inflation is wildly out of control, our currency is being transformed into toilet paper, the housing market has started to crash and mass layoffs are being conducted all over the nation, a lot of the “experts” continue to insist that everything is going to be just fine.  For example, the following comes from a CNN article entitled “The case for a 2023 US recession is crumbling”… (Read More...)

Even though most Americans aren’t paying much attention at this point, the way that the war in Ukraine is evolving should greatly concern all of us.  Ukrainian President Volodymyr Zelenskyy and his generals very clearly understand that they are in very big trouble unless they can draw the U.S. and other NATO powers directly into the conflict.  All of Bakhmut is now under Russian control, and the Ukrainians continue to lose troops at a staggering pace.  They are holding a losing hand, but if Ukrainian leaders can find a way to get the Russians to use tactical nukes or other weapons of mass destruction, that would change everything.  Western powers would feel compelled to respond in kind, and then we really would have a truly apocalyptic conflict on our hands. (Read More...)

We live in an upside down society with completely upside down values.  In this sort of an environment, literally anything that you say could get you into serious trouble.  Theoretically, our Constitution is supposed to guarantee the right of free speech for us, but the truth is that free speech has been dead for quite some time now.  Those that are in the process of fundamentally transforming our society have made policing speech one of their highest priorities, and their hordes of brainwashed minions are always ready to step in and crack down whenever a potential violation has been detected. (Read More...)

I really don’t know anyone that would argue that the U.S. economy is in great shape right now.  Inflation is out of control, large companies are conducting mass layoffs all over the nation, the housing bubble is starting to implode, and more homeless encampments are constantly popping up in our major cities as poverty spreads like wildfire.  But this isn’t the main event.  I am calling this “the storm before the storm”, because the truth is that this new economic crisis is still only in the very early chapters.  Unfortunately, much more suffering is on the way, and our country is not going to be able to handle it. (Read More...)