The Economic Collapse

Joe Biden and the mainstream media keep telling us that the economy is in good shape, but we continue to get more evidence that directly contradicts that assertion.  Over the past few years, the cost of living has been rising much more rapidly than paychecks have, and this has absolutely eviscerated the middle class.  So many families that were once thriving financially are now deeply struggling, and so many that were once deeply struggling to make ends meet are now living on the streets.  According to a comprehensive analysis that was just conducted by the Wall Street Journal, the number of homeless people in the United States “has broadly risen this year”… (Read More...)

Are you deeply struggling right now?  If so, I want you to know that you are not alone.  The things that I am about to share with you are not meant to be depressing.  Rather, I hope that you will be encouraged to see that there are countless others in the exact same boat.  Over the past few years, the cost of living has been rising much faster than paychecks have, and this has put enormous financial pressure on millions of American families.  In some cases, families are dealing with extreme financial stress even though both parents are working good jobs.  Virtually everything has become substantially more expensive, and so our money is not going nearly as far as it once did. (Read More...)

We live in a society where we have been trained not to ask the hard questions.  Instead, we are just supposed to relax and let others do our thinking for us.  If you do insist on asking pesky questions, you are likely to be labeled a “conspiracy theorist” or something even worse.  And even those labels are a form of control.  Very few of us are eager to be labeled “one of those people”, and so most of us just go along with the program.  You see, the truth is that those in power do not want us to be independent thinkers.  They want us to be sheep.  But the good news is that more people than ever are waking up to the fact that the elitists that are running things are rotten to the core. (Read More...)

Even though central banks all over the world have been raising interest rates in recent months, food prices just continue to go up.  There are a couple of reasons why this is happening.  First of all, demand for food is very inelastic.  In other words, no matter how high or how low prices go, people are still going to need to eat.  So even if the Federal Reserve sent interest rates into the stratosphere, people would still need to go the supermarket to get food for themselves and their families.  Secondly, we are facing some severe long-term supply problems.  As I have detailed in previous articles, food production is being significantly hindered in a number of different ways, and that isn’t going to change any time soon.  There simply is not enough food to feed everyone on the planet, and supplies are only going to get tighter in the months and years ahead.  No matter what central banks do, this is going to push food prices steadily higher. (Read More...)

What is going to happen to our banking system as trillions of dollars worth of commercial real estate loans go bad?  Many months ago, I warned that the greatest commercial real estate crisis in U.S. history was coming.  At the time, a lot of people didn’t believe me and that was fine.  As with so many other things, all I needed to do to be proven right was to wait.  Sadly, a commercial real estate tsunami is now here, and it appears to be accelerating even faster than many of the experts had been anticipating.  Just within the past few weeks, there have been several more high profile defaults, and San Francisco has become the epicenter of this crisis. (Read More...)

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...)