The Economic Collapse

If our banking system can’t find a way to turn things around, our entire economy will soon be in a world of hurt.  When banks get into trouble, they start getting really tight with their money.  That means fewer mortgages, fewer commercial real estate loans, fewer auto loans and fewer credit cards being issued.  So it should greatly concern all of us that U.S. banks are bleeding deposits at an absolutely staggering pace right now.  During the week ending March 15th, 98.4 billion dollars was pulled out of U.S. banks.  That was really bad, but we just learned that things got even worse the next week.  During the week ending March 22nd, 126 billion dollars was pulled out of U.S. banks… (Read More...)

For decades, the U.S. dollar was the undisputed king of global currencies, but now dramatic changes are happening.  China, Russia, India, Brazil, Saudi Arabia and other nations are making really big moves which will enable them to become much less dependent on the U.S. dollar in the years ahead.  This is really bad news for us, because having the primary reserve currency of the world has enabled us to enjoy a massively inflated standard of living.  Once we lose that status, our lifestyles will be much different than they are today.  Unfortunately, most Americans don’t understand any of this.  Even though our leaders have treated the stability of our currency with utter contempt in recent years, most Americans just assume that the dollar will always reign supreme.  Meanwhile, much of the planet is preparing for a future in which the U.S. dollar will be far less important than it is right now.  The following are 7 signs that global de-dollarization has just shifted into overdrive… (Read More...)

If you are struggling to make it in this economy, you are not alone, because there are millions of other Americans in the exact same boat.  Needless to say, the cost of living has become extremely oppressive, and that has put a tremendous amount of financial stress on U.S. families.  Unfortunately, the Federal Reserve has chosen to fight inflation by aggressively hiking interest rates, and that is starting to cause massive problems.  The money supply is actually shrinking, the banking system has been thrown into a state of chaos, and we are witnessing a tsunami of layoffs that is unlike anything that we have seen since the Great Recession. (Read More...)

Has the next major global pandemic already started?  Right now, multiple outbreaks are alarming world health authorities.  We all saw the fear that COVID caused, but the diseases that I am going to discuss in this article could potentially create far more panic if they were to start rapidly spreading among humans all over the planet.  Sadly, the global population has been perfectly primed for future pandemics because hundreds of millions of people are now running around with highly compromised immune systems.  As I discuss in my latest book, we have entered a new era of great pestilences, and life is not going to “return to normal” any time soon. (Read More...)

When a great tragedy happens, it should bring us together.  But instead, each new tragedy seems to tear us apart even more.  The Nashville shooting is a perfect example of this.  Instead of focusing on the victims and grieving for the lives that have been lost, many are using this tragedy as an opportunity to make extremely inflammatory statements.  If you want to see how divided we have become as a nation, just look at how those on the left are responding to this story and compare it to how those on the right are responding to this story.  It is almost as if the two sides are living in completely different universes. (Read More...)

What will our financial system look like once the 20 trillion dollar commercial real estate industry implodes?  You might want to start thinking about that, because the truth is that the industry is in a tremendous amount of trouble.   Occupancy rates are extremely low and getting lower, rising interest rates have created all sorts of havoc, and now many of the small and mid-size banks that the industry depends upon for financing are in serious jeopardy.  In essence, the commercial real estate industry is facing a “perfect storm” of nightmares, and this crisis is only going to escalate in the months ahead. (Read More...)

A trillion dollars is a lot of money.  If you stacked a billion dollar bills on top of one another, the pile would be 67.9 miles high, but if you stacked a trillion dollar bills on top of one another the pile would be 67,866 miles high.  And if you lined up a trillion dollar bills end to end, the line of dollar bills would be a staggering 96,906,656 miles long.  That is longer than the distance from the Earth to the Sun.  A trillion dollars is such a vast amount of money that it is truly difficult to comprehend, but as you will see below, that much money has already been pulled out of “vulnerable” U.S. banks over the past year.  Hordes of small and mid-size banks are now in trouble, and that is really bad news because those institutions issue most of the mortgages, auto loans and credit cards that our economy runs on.  The other day, I asked my readers to “imagine what our country will look like if the banking system implodes and the economy plunges into a depression”, because if our banks continue to collapse that is precisely where we are headed. (Read More...)

When there is fear in the air, banks start getting really tight with their money, and right now there is lots of fear in the air.  A major credit contraction would be a nightmare scenario for the economy, and as you will see below, there is evidence that this is already starting to happen.  Hopefully our leaders can find a way to calm things down, because we all remember what happened during the last financial crisis.  Banks decided to substantially tighten their lending standards and that really deepened the economic downturn.  So our leaders should be doing what they can to support the stability of the system, but in so many cases they end up doing just the opposite. (Read More...)