The Economic Collapse

It is kind of like watching a really bad Hollywood disaster movie slowly play out, except in this case billions of people could end up dead.  Thanks to the endless bumbling of the Biden administration, Russia and China have been pushed into each other’s arms, and now they seem determined to confront the western powers together.  For those of you that have not been paying attention, the apocalyptic alliances that we have been anticipating for years have now formed.  It is going to be the U.S. and Europe on one side, and Russia and China will be on the other.  All of the marbles are at stake, and both sides have plenty of nuclear weapons. (Read More...)

It’s happening.  Throughout 2021 and 2022, a whole host of experts were warning that we were going to see another economic crisis like we witnessed in 2008 and 2009, and now it is here.  In fact, it is unfolding at a pace that is even more rapid than most of the experts had anticipated.  The housing market is crashing, hordes of retail stores are closing, the commercial real estate market is headed for a colossal disaster, food prices continue to surge, and the worst wave of layoffs in more than a decade just continues to get even worse.  So many of the economic trends that I have been tracking on The Economic Collapse Blog are now reaching a crescendo, but most Americans still don’t understand how bad things will eventually become. (Read More...)

Joe Biden just made a surprise visit to Kyiv during which he announced that the U.S. is going to be involved for “as long as it takes” to win the war against Russia.  Meanwhile, the Russians have now pulled together far more forces than they originally invaded Ukraine with a year ago.  They intend to fight for “as long as it takes” too.  There are no peace negotiations and there aren’t going to be any peace negotiations.  Both sides are counting on the other side to eventually back down.  But what happens if both sides just keep escalating matters until a “point of no return” is reached? (Read More...)

A lot of people out there have been waiting for the next major economic crisis to arrive.  If you are one of them, you don’t have to wait any longer, because it is already here.  All of the numbers are telling us that we haven’t faced a downturn of this magnitude since 2008.  For example, the Conference Board’s index of leading economic indicators has now fallen for 10 months in a row.  According to Zero Hedge, this is the first time that has happened since the collapse of Lehman Brothers.  And just like we witnessed in 2008, the housing market is crashing.  In fact, the median price of a home in the San Francisco Bay Area has already fallen by a whopping 35 percent… (Read More...)

If you want a perfect example of how corrupt our system of government has become, just look at the massive cover up that is going on in East Palestine, Ohio right now.  Federal, state and local officials are telling the public that everything is just fine when everything is obviously not just fine.  On February 3rd, a 50 car Norfolk Southern train derailed in East Palestine.  5 of the cars were carrying vinyl chloride which is an extremely hazardous substance that has been proven to cause several types of cancer.  Unfortunately, with the approval of Ohio Governor Mike DeWine, a decision was made on February 6th to conduct a “controlled burn” of the wreckage.  They knew that burning the vinyl chloride would create vast amounts of phosgene gas.  By now, most of you already know that phosgene gas was actually used as a chemical weapon in World War I.  The cloud of toxic chemicals that was created by the “controlled burn” was so large that it could literally be seen from space, and the long-term health problems that are being caused all over the east coast could stretch on for decades. (Read More...)

When the going gets tough, it can be extremely tempting to pile on debt as a solution.  The cost of living is rising much faster than most of our paychecks are, and this is putting an enormous amount of financial stress on hard working Americans.  But rather than cutting back on spending, a lot of people are choosing to deal with that financial stress by going into more debt.  In fact, we just learned that U.S. household debt reached an all-time record high of 16.9 trillion dollars last quarter… (Read More...)

The new Russian offensive appears to have begun, and in recent days the Russians have been steadily gaining ground in several key areas of eastern Ukraine.  Things seem to be going particularly well for the Russians in the northern part of eastern Ukraine.  A breakthrough seems to be developing, and it is being reported that the Ukrainians are preparing to establish “a new line of defense outside Kharkiv”.  The Russians have clearly gained the upper hand in the conflict, and that has extremely serious implications. (Read More...)

We are currently facing “the worst food crisis in modern history”, and it seems to be getting worse with each passing month.  I don’t have to tell any of you that food prices are a lot higher than they once were.  The last time you went to the grocery store you could see that for yourself.  Sadly, this is happening all over the world, and the poorest countries are being hit the hardest.  Meanwhile, global food supplies just continue to get tighter and tighter.  As a result, global hunger is on the rise.  If you doubt this, I would like for you to read an excerpt that comes directly from a joint statement by the heads of the Food and Agriculture Organization, the International Monetary Fund, the World Bank Group, the World Food Program and the World Trade Organization… (Read More...)