The Economic Collapse

Hundreds of millions of dollars are being spent to persuade the American people to vote for either Kamala Harris or Donald Trump.  But ultimately two things are probably going to matter more than anything else.  Millions of Americans will be basing their votes on how they currently feel about the economy and who they trust to handle it moving forward.  This will be particularly true for independents, and they actually make up the largest block of voters at this point.  About 30 percent of the population considers themselves to be Democrats, about 30 percent of the population considers themselves to be Republicans, and almost everyone else considers themselves to be independents.  In the end, how independents vote will be of paramount importance, and a brand new survey has discovered that only 23 percent of independents believe that the U.S. economy is on the right track… (Read More...)

Warren Buffett did not become a billionaire by being stupid.  According to Forbes, Buffett is worth more than 144 billion dollars, and that makes him one of the wealthiest men in the entire world.  He made his money in the stock market, and so why is he now pulling money out of the stock market at a feverish pace?  Does he anticipate that a crash is coming?  Earlier this year, Buffett shocked the investing community when his company sold off half the Apple shares that it was holding… (Read More...)

When U.S. consumers are doing well, the U.S. economy does well.  But of course the opposite is also true.  When U.S. consumers are not doing well, the U.S. economy really suffers.  The government has been trying really hard to put a happy face on things, but the truth is that the standard of living for most U.S. consumers has been going down for a long time.  The cost of living has been rising faster than paychecks have, and so most of us have less discretionary income than we once did.  And that is really bad news for the U.S. economy, because as the official White House website has pointed out, consumer spending typically accounts for about two-thirds of all economic activity… (Read More...)

It is incredibly sad to watch the U.S. economy slowly but surely come apart at the seams all around us.  For most of our history, the rest of the world marveled at our economic performance, and that is because we embraced economic values that led to great blessing.  In recent decades, we have abandoned those values, but we were able to maintain a very high standard of living by going into unprecedented amounts of debt.  Our leaders were able to keep the game going for longer than a lot of people thought, but now we have entered the final depressing chapters for the late, great U.S. economy, and we can see evidence of this all around us.  If you doubt this, just look at all of the businesses that are going bankrupt.  Last week, I discussed the fact that for the year ending June 30th, the number of business bankruptcy filings was up more than 40 percent compared to the previous 12 months.  There is no way that the Biden administration can manipulate this number.  Either a business filed for bankruptcy or it didn’t, and right now we are seeing a spike of historic significance. (Read More...)

How many times have you heard the mainstream media tell you that the economy is doing just great in recent months?  Personally, I have seen the word “booming” used over and over again to describe the economy, and it makes me sick.  The level of gaslighting that we are witnessing right now is off the charts.  Millions of Americans are sleeping in their vehicles, thousands of businesses are failing all over the nation, and most of the country now believes that the American Dream is no longer attainable.  If this is what a “booming” economy feels like, I would hate to see what would happen during a “recession”. (Read More...)