The Economic Collapse

Have you noticed that a lot of big companies have been conducting mass layoffs recently?  At this point, it has become exceedingly clear that a major economic slowdown has begun, and payrolls are being feverishly slashed at a rate that we haven’t seen in a long time.  In fact, the number of job cuts in November 2022 was 417 percent higher than it was in November 2021.  Unfortunately, what we have witnessed so far is just the beginning.  We are being warned that a couple million more Americans could lose their jobs in 2023, and the vast majority of the population is simply not prepared for such a scenario.  In fact, a new survey that was just released found that 63 percent of all Americans are currently living paycheck to paycheck… (Read More...)

Everyone knows that the quality of education in our public schools is declining.  We continue to fall behind the rest of the world, and this is particularly true in science and in math.  Personally, I am a product of the public schools.  I attended public schools all the way through high school, and I earned three degrees at public universities.  And I have to admit that the quality of the education that I received was terrible.  If I had not spent a great deal of time and effort educating myself, I would not be able to do what I do today.  Sadly, things have gotten even worse in recent decades.  Today, a large proportion of our young people are not even equipped to function on a very basic level in our society once they graduate from high school, and that has huge implications for the future of our country. (Read More...)

The mainstream media is trying really hard to convince all of us that inflation will soon no longer be a problem, but meanwhile food prices continue to soar to absolutely absurd levels.  In fact, we just learned that vegetable prices increased by a whopping 38 percent in November.  When I originally saw that number, I thought that it must represent the change from 12 months ago.  But that is not the case.  According to the Bureau of Labor Statistics, vegetable prices jumped 38.1 percent from October to November, and they are up a total of 80.6 percent over the past 12 months… (Read More...)

Is your job secure?  Over the past couple of years, American workers generally didn’t need to be concerned about job security.  Even if someone got fired unexpectedly, it was just so easy to find new employment because there simply was not enough able-bodied workers out there.  But now everything is changing.  Some of the largest corporations in the entire country are starting to conduct mass layoffs as the U.S. economy steadily slows down.  Unfortunately, it appears that a lot more pain is ahead.  In fact, as you will see below, one of Wall Street’s biggest banks is ominously warning that millions of American workers will lose their jobs next year. (Read More...)

Winter hasn’t even begun yet, but cold weather diseases are already spreading like wildfire all over the United States.  The flu has returned in 2022 with a vengeance, new strains of COVID are reportedly starting to emerge, and RSV has hit some areas of the nation extremely hard.  I don’t ever remember seeing anything quite like this, and the weather is only going to get colder in the weeks ahead.  Normally, most people would be able to fight off such diseases fairly easily, but at this point so many have weakened immune systems after everything that has transpired over the last few years.  As a result, millions of Americans have been getting really sick, and CNN is reporting that U.S. hospitals “are more full than they’ve been throughout the Covid-19 pandemic”… (Read More...)

Here we go again.  When the housing market crashed in 2008 and 2009, large numbers of U.S. homeowners ended up owing more on their mortgages than their homes were worth.  When the Federal Reserve started to aggressively hike interest rates earlier this year, I warned that it would happen again, and now that day has officially arrived.  During the third quarter alone, U.S. homeowners lost an all-time record 1.3 trillion dollars in equity as home values plummeted, and a new analysis conducted by Black Knight has found that approximately 450,000 of those homeowners are now underwater on their mortgages… (Read More...)

For the first time in decades, the cost of food has become a major issue in America.  If rapidly rising food prices are not a problem for you, then you should be very thankful, because most of the country is really hurting right now.  The cost of food has been going up much faster than our paychecks have throughout 2022, and this week Walmart CEO Doug McMillion publicly admitted that double-digit price increases for packaged foods “are going to be with us for a while”.  This is a crisis that isn’t going away, and as you will see below, it appears that things will get even worse in 2023. (Read More...)

Will 2022 go down in history as one of the most important economic turning points that we have ever seen?  All over the planet, economic activity is beginning to decelerate and uncertainty about the future is in the air.  Meanwhile, the cost of living continues to escalate and a very painful energy crisis has begun.  Unless there is some sort of an economic miracle, it appears that 2023 will be a very difficult year, and the long-term outlook beyond next year is even more ominous.  Suddenly, many of the talking heads on television are openly speculating about the hard times that are coming, and the word “recession” is being thrown around quite frequently. (Read More...)