The Economic Collapse

Every month, it is almost always the same story.  The government releases a number that indicates that the U.S. economy has been creating plenty of “jobs”, and then later on that number is dramatically revised lower.  But by the time it is revised lower, nobody really cares anymore.  The fake numbers that are initially released month after month have given the American people the impression that the economy is performing far better than it actually is.  Now we are about to get another major revision to the employment numbers which only happens once per year… (Read More...)

Our entire economy is fueled by debt.  In fact, if going into more debt was suddenly banned the U.S. economy would instantly hit a brick wall.  For the vast majority of us, our lifestyles simply cannot be funded by what we actually make.  So we use debt to bridge the difference, and this has particularly been true during the cost of living crisis.  Total household debt has now reached a grand total of 17.8 trillion dollars, and we continue to pile up more with no end in sight… (Read More...)

Most Americans don’t even realize that virtually all of their personal information has been stolen and posted online for free.  The personal records of 2.9 billion people were stolen from a major data broker known as National Public Data earlier this year, and this month almost of the information that was stolen was posted online for anyone to freely take.  We are talking about names, addresses, phone numbers, employment histories, birth dates and Social Security numbers.  This is one of the most egregious privacy violations in the history of the world, but hardly anyone knows what has happened.  So please share this article as widely as you possibly can. (Read More...)

The wealthy are doing just fine at the moment, but they don’t seem to understand that much of the country is deeply hurting right now.  59 percent of Americans believe that the U.S. economy is currently experiencing a recession, and that is because most of them are personally experiencing economic pain.  Literally just about everything is substantially more expensive in 2024, more major layoffs are being announced with each passing day, and thousands of businesses are going bankrupt.  We haven’t seen a tsunami of economic suffering like this in a long time. (Read More...)

Businesses are declaring bankruptcy at a much faster rate than they did last year.  Thousands upon thousands of once thriving businesses are failing, but this just must be another sign that the economy is “fine”.  No matter how bad the numbers get, we are assured that the people running things have everything under control and that the outlook for the future is wonderful.  Of course I understand that this is an election year and virtually everyone is trying to put their own unique spin on things.  But there is no possible way that you can make numbers like these look good… (Read More...)

Why are retailers closing thousands of stores if the U.S. economy is in good shape?  Of course the truth is that the U.S. economy is not in good shape at all.  The cost of living crisis is absolutely crushing working families all over the nation, and U.S. consumers simply don’t have as much discretionary income as they once did.  Needless to say, our retailers are highly dependent on discretionary spending, and many of them have been reporting very disappointing sales numbers recently.  Sadly, the problems that our retailers are experiencing are only going to intensify as U.S. economic activity continues to slow down. (Read More...)