The Economic Collapse

It appears that the tsunami of layoffs that started late last year is starting to accelerate.  January was a horrible month for job losses, and major layoff announcements are coming fast and furious here in February.  But of course the Biden administration would have us believe that everything is just fine.  Last week, the government told us that the U.S. economy “added 517,000 jobs” in January.  But as I discussed in a previous article, that wasn’t what actually happened.  The raw, unadjusted number showed that the U.S. economy actually lost 2.5 million jobs last month.  That is a terrible number, but after the bureaucrats in Washington were done with their “adjustments” it magically became a gain of 517,000 jobs.  If you want to have faith that their “adjustments” are appropriate, good for you.  But other sources also confirm that things have really taken a turn for the worse.  For example, Challenger, Gray & Christmas just issued a report that concluded that last month “was the worst January for job cuts since the Great Recession in 2009”… (Read More...)

It has been said that there are no winners in a nuclear war, but the Russians and the Chinese have been feverishly preparing to fight one anyway.  When I was growing up, I was taught that nobody would ever dare start a nuclear war because both sides would fire their missiles and everyone would die.  In those days the doctrine of “mutual assured destruction” was universally accepted in the United States, and once the Cold War ended our politicians saw no more need to upgrade our missiles or to develop cutting edge anti-missile technologies.  Unfortunately, the balance of power has changed dramatically over the past decade.  Russia and China have both made enormous leaps forward, and that puts us in a very precarious position. (Read More...)

According to Joe Biden and the pundits in the mainstream media, the U.S. economy is in great shape and much better times are just around the corner.  In fact, CNN is actually scolding those of us that are warning that economic conditions are rapidly deteriorating.  A CNN article entitled “It’s time to chill with all the recession talk” is boldly declaring that the economic optimists were correct and that what our leaders are doing is working.  Of course that is music to Joe Biden’s ears, because he is trying very hard to convince all of us that the policies of his administration have the U.S. economy moving in the right direction.  Of course you will never hear Biden share any of the numbers that I am about to share with you.  The following are 16 signs that the U.S. economy is going to be “just fine”… (Read More...)

The complete and utter devastation that we are seeing in Turkey right now should break all of our hearts.  Hundreds of buildings have collapsed, and thousands upon thousands of dead and injured people are trapped under the rubble.  The magnitude 7.8 earthquake that hit Turkey early on Monday is the largest earthquake that the region has experienced in a century.  Sadly, that giant quake was followed by a relentless series of aftershocks that included another giant quake.  The shaking continues even as I write this article, and there are some parts of Turkey that will never be the same again after this. (Read More...)

More kids are being sexually victimized in the United States than ever before in our entire history.  As you will see below, in some cases “kids are being raped 20 to 30 times a day” and very little is being done to prevent this from happening.  But this crisis is certainly not just limited to the hundreds of thousands of children that have been forced into sexual slavery.  In our society today, very young children are being constantly bombarded with extremely sick and twisted sexual messaging on television, in the movies, on the Internet and in their classrooms.  What we are doing to America’s children is beyond criminal, and if we do not reverse course our nation is not going to have a future.  Every society throughout history that has violated children like we are violating them has fallen.  If you actually believe that we will be able to get away with our heinous crimes, you are just being delusional. (Read More...)

I can’t take it anymore.  Fake numbers that are released by the government get turned into fake news by the corporate media, and many Americans don’t even realize that they are being conned.  Major news outlets all over the country are breathlessly trumpeting the “blockbuster jobs report” as if it is a sign from heaven that good economic times are ahead.  We are being told that the U.S. economy added 517,000 jobs last month, but that isn’t true.  Sadly, the truth is that the U.S. economy actually lost 2.5 million jobs in January.  Yes, you read that correctly.  So how in the world does a loss of 2.5 million jobs become a “gain” of 517,000 jobs?  Every month, government bureaucrats apply “adjustments” to the numbers that they believe are appropriate, and at this point their “adjustments” have become so absurd that they have turned the monthly employment report into a total farce. (Read More...)

The worst case scenario that many of the experts feared is starting to play out right in front of our eyes.  Throughout 2022, I repeatedly warned my regular readers that there were all sorts of indications that the emerging global food crisis would go to entirely new level in 2023, and that is precisely what is happening.  In response to tightening supplies of food, prices are surging all over the planet and the number of desperately hungry people is exploding.  Unfortunately, this crisis is not going to be just temporary.  As I will explain at the end of this article, the global nightmare that we are facing is inevitably going to intensify in the years ahead. (Read More...)

All of the things that we would expect to see at the start of a major economic downturn are happening.  Retail sales are falling, auto sales have been way down, and the housing market is starting to crash like it did in 2008.  But unlike the last recession, we are also dealing with a raging inflation crisis, and this is one of the main reasons why real disposable income declined at the fastest rate that we have seen since the Great Depression last year.  At this point, close to two-thirds of the entire country is living paycheck to paycheck, and more than half the country cannot even afford to pay an unexpected $1,000 emergency expense.  We are in very dangerous territory, because most U.S. consumers are tapped out. (Read More...)