The Economic Collapse

Do you know any adults that still live at home with their parents?  If you are like most Americans, you probably know lots of them.  Sadly, that is because the percentage of young adults that are living with at least one parent has been trending upwards for decades.  Of course the cost of housing is one factor that is driving this phenomenon.  At one point in 2022, housing was more unaffordable than it had ever been in the entire history of our country.  So the truth is that many of the multi-generational households that exist today have formed due to economic necessity.  But in other cases, “kidults” that simply refuse to grow up have moved back home with Mom and Dad because it is easier than trying to live independently. (Read More...)

We needed a moment like this.  Needless to say, the past several years have not been easy for humanity.  2020 was worse than 2019, and then 2021 was worse than 2020, and then 2022 was worse than 2021.  Unfortunately, 2023 is going to be significantly worse than 2022 was.  But for a few glorious hours on Sunday we were able to forget about our troubles for a while.  The greatest World Cup final ever to be played was watched by more people than any other television program in the history of the world, and it all came down to the very end.  When Gonzalo Montiel’s penalty kick hit the back of the net, shouts of exultation erupted literally all over the world. (Read More...)

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...)