The Economic Collapse

It is starting to get cold outside.  Are you ready for a winter that will be unlike any other?  As I have been documenting on The Economic Collapse Blog for months, the nightmarish global energy crisis that has erupted is not going to end any time soon.  In fact, it has the potential to get a whole lot worse in 2023 and beyond.  Energy prices have already risen to absolutely absurd levels, and now winter is coming.  Unfortunately, many forecasters are warning that this winter is going to be a doozy.  Colder than normal temperatures are expected across much of the northern hemisphere, and if that actually happens that would put a tremendous amount of strain on the system. (Read More...)

Are the months ahead going to be very painful for our economy?  This is something that I have been arguing for a long time, and apparently the vast majority of corporate CEOs now agree with me.  Of course economic conditions are not exactly good at this moment.  Core U.S. inflation just rose to a 40 year high, mortgage rates just hit the highest level in more than two decades, home values are plummeting all over the nation, and retail sales in the United States unexpectedly fell in September.  If you think that the U.S. economy is performing well right now, there is a very large bridge on the west coast that I would like to sell you.  Unfortunately, it appears that economic conditions are about to get significantly worse.  In fact, one recent survey found that 98 percent of corporate CEOs are planning “for a U.S. recession over the next year or year and a half”… (Read More...)

I am trying to sound the alarm about this as loudly as I can.  The global food crisis just continues to intensify, and things are going to get really bad in 2023.  As you will see below, two-thirds of European fertilizer production has already been shut down, currency problems are causing massive headaches for poor nations that need to import food, global weather patterns continue to be completely crazy, and the bird flu is killing millions upon millions of chickens and turkeys all over the planet.  On top of everything else, the war in Ukraine is going to restrict the flow of agricultural and fertilizer exports from that part of the world for a long time to come, because there is no end to the war in sight.  In essence, we are facing a “perfect storm” for global food production, and that “perfect storm” is only going to get worse in the months ahead. (Read More...)

Earlier this year the Federal Reserve declared war on inflation, and since that time we have seen a series of interest rate hikes that has been absolutely breathtaking.  We knew that this would negatively impact the financial markets, and we have already seen trillions of dollars in asset values wiped out.  We also knew that this would negatively impact the housing market, and right now housing prices are plummeting all over the nation.  But Fed officials assured us that any short-term “pain” would be worth it because inflation would be brought under control.  Unfortunately, that hasn’t happened.  In fact, on Thursday we learned that the core consumer price index has just hit “the highest level since 1982”… (Read More...)

Normally, we shouldn’t have economic stagnation and rampant inflation at the same time.  But that is exactly what we’ve got.  U.S. GDP actually declined during the first two quarters of this year, and we are being warned that economic activity could slow down a whole lot more in the months ahead.  Meanwhile, we are in the midst of the worst inflation crisis since the Jimmy Carter era.  The cost of living has become extremely oppressive, and this is particularly true when it comes to food.  We just got some new numbers from the Department of Labor on Wednesday, and quite a few of them are absolutely stunning… (Read More...)

All of our lifestyles are about to change in a major way, but the vast majority of the population still does not understand what is coming.  Throughout our entire lives, we have always been able to depend on a couple of things.  There would always be cheap gasoline to fuel our vehicles and there would always be mountains of cheap food at the grocery store.  No matter who was in the White House and no matter what else was going on in the world, those two things always remained the same.  Unfortunately, those days are now over and they aren’t coming back. (Read More...)

It’s wake up time.  For months, there has been a tremendous amount of denial out there.  So many of the “experts” assumed that the Federal Reserve and other central banks had everything under control and that things would “return to normal” before too long.  But that hasn’t happened.  Instead, the wheels seem to be coming off the bus and nobody seems to know what to do.  The Fed appears to be determined to keep raising interest rates in a desperate attempt to fight inflation, and this has forced other central banks all over the globe to raise rates as well in order to keep their currencies from absolutely tanking.  But all of these interest rate hikes are taking us into a major global economic downturn, and central bankers in Europe are literally screaming at the Fed to end the madness. (Read More...)

Europe is facing an extremely cold winter that will be filled with energy shortages, blackouts and absurdly high power bills.  All across the continent, ordinary people can see what is coming, and many of them are starting to panic.  Demand for wood stoves is off the charts, and many Europeans are hoarding wood and other materials to burn in their existing wood stoves during the bitterly cold months ahead.  We truly are in unprecedented territory, and things are about to start getting really crazy out there. (Read More...)