Thanks Biden! This Is What “Stagflation” Looks Like, And It Is Going To Be With Us For A While…

Normally, we shouldn’t have economic stagnation and rampant inflation at the same time.  But that is exactly what we’ve got.  U.S. GDP actually declined during the first two quarters of this year, and we are being warned that economic activity could slow down a whole lot more in the months ahead.  Meanwhile, we are in the midst of the worst inflation crisis since the Jimmy Carter era.  The cost of living has become extremely oppressive, and this is particularly true when it comes to food.  We just got some new numbers from the Department of Labor on Wednesday, and quite a few of them are absolutely stunning(Read More...)

The Era Of Cheap Food And Cheap Gasoline Is Over

All of our lifestyles are about to change in a major way, but the vast majority of the population still does not understand what is coming.  Throughout our entire lives, we have always been able to depend on a couple of things.  There would always be cheap gasoline to fuel our vehicles and there would always be mountains of cheap food at the grocery store.  No matter who was in the White House and no matter what else was going on in the world, those two things always remained the same.  Unfortunately, those days are now over and they aren’t coming back. (Read More...)

Even The Banksters Are Being Forced To Admit That The U.S. Economy Is Really Starting To Come Apart At The Seams

It’s wake up time.  For months, there has been a tremendous amount of denial out there.  So many of the “experts” assumed that the Federal Reserve and other central banks had everything under control and that things would “return to normal” before too long.  But that hasn’t happened.  Instead, the wheels seem to be coming off the bus and nobody seems to know what to do.  The Fed appears to be determined to keep raising interest rates in a desperate attempt to fight inflation, and this has forced other central banks all over the globe to raise rates as well in order to keep their currencies from absolutely tanking.  But all of these interest rate hikes are taking us into a major global economic downturn, and central bankers in Europe are literally screaming at the Fed to end the madness. (Read More...)

The Energy Crisis In Europe Is So Bad That Some People Are Thinking Of Using Horse Poop To Heat Their Homes This Winter

Europe is facing an extremely cold winter that will be filled with energy shortages, blackouts and absurdly high power bills.  All across the continent, ordinary people can see what is coming, and many of them are starting to panic.  Demand for wood stoves is off the charts, and many Europeans are hoarding wood and other materials to burn in their existing wood stoves during the bitterly cold months ahead.  We truly are in unprecedented territory, and things are about to start getting really crazy out there. (Read More...)

Hardly Anyone In Washington Seems To Care About The Future At This Point

Our politicians in Washington are literally destroying our future.  But do you see anyone out in the streets protesting their calamitous policies?  By now, you have probably heard that the U.S. national debt has hit 31 trillion dollars.  To be more precise, as I write this article the U.S. national debt is currently sitting at $31,142,591,307,260.01.  It is the largest single debt in the history of the world, and given enough time it would completely destroy our economy all by itself.  Unfortunately, hardly anyone in Washington seems to care about our rapidly exploding debt at this point. (Read More...)

46 Trillion Dollars In Financial Wealth Has Already Been Lost During The Great Global Market Crash Of 2022

In less than one year, 46 trillion dollars in financial wealth has been wiped out.  If that isn’t a “crash”, how would you define one?  Since last November, stocks and bonds have been plunging all over the globe.  When there is a good day like we saw on Monday, sometimes that can fool us into thinking that everything is going to be okay.  But in order to understand what is really going on we need to step back and look at the bigger picture.  And when we look at the bigger picture, it becomes exceedingly clear that we are in the midst of a historic worldwide market crash.  According to Bank of America, a whopping 46.1 trillion dollars in financial wealth has already been wiped out since last November… (Read More...)

Will The Collapse Of Credit Suisse Be Europe’s “Lehman Brothers Moment”?

The parallels between 2008 and 2022 just keep getting stronger.  14 years ago, the collapse of Lehman Brothers sent a massive wave of panic through global financial markets and is widely considered to be the key event that plunged us into a horrifying financial crisis that we still talk about to this day.  Well, now an even larger bank appears to be on the brink of collapse, and analysts all over the world are deeply concerned about what that will mean for the global financial system if it does fail. (Read More...)

Worse Than Katrina? It Appears That We Just Witnessed The Most Costly Natural Disaster In U.S. History By A Wide Margin

I don’t know if I have the words to describe what we have just seen.  Summer just ended, and within one week we have already witnessed the most costly natural disaster in the entire history of the United States.  There are some areas along the west coast of Florida that have literally been destroyed.  Some have compared the devastation to the dropping of an atomic bomb, and that is not an exaggeration at all.  The state of Florida has never experienced a storm quite like this before, and recovery is going to be measured in years. (Read More...)