The Economic Collapse

If half of the firms in the entire country really do cut jobs over the next year, what will our economy look like afterwards?  All over America, companies are anticipating that a major economic downturn is coming in 2023, and a lot of them are already planning to shed workers in order to cut costs.  Of course this sounds so much like what we went through back in 2008 and 2009.  Millions of Americans lost their jobs during the “Great Recession”, and it was truly a very dark time in our history.  So are we right on the verge of seeing a repeat? (Read More...)

We are being warned that food prices in the U.S. are going to go absolutely haywire after the election in November.  I am taking such warnings very seriously, and I believe that you should too.  Global officials have been telling us over and over again that we are heading into an unprecedented global food crisis, and I have been writing about this again and again in recent weeks.  But so far, the vast majority of the population doesn’t seem to be taking this seriously.  Agricultural production is going to be way below expectations all over the planet in 2022, and that means that there will be far less food to go around in 2023. (Read More...)

If brighter days are ahead for the U.S. economy, why are so many tent cities popping up all over the nation?  At this point things are so bad that even the New York Times is admitting that “America’s homelessness problem has the makings of an acute crisis”.  That article goes on to explain that our homeless population is steadily rising.  Tonight, hundreds of thousands of our fellow Americans will be sleeping in tents, under bridges, in overcrowded shelters or in their vehicles.  Of course there are many that are so addicted to drugs or alcohol that they just sleep wherever they end up passing out.  This is a tragedy that is growing with each passing day, and it is only going to get worse in the months ahead as the U.S. economy slows down even more. (Read More...)

Food doesn’t just magically show up at the grocery store.  If farmers and ranchers do not produce it, we do not eat.  I know that I have been writing about the rapidly growing global food crisis a lot lately, but that is because this really is a big deal.  All over the globe, agricultural production is going to be below expectations in 2022.  As a result, those of us that live in wealthy countries will pay much more for food in 2023, while many of those that live in poor countries will either deeply suffer or die.  In fact, children are already dropping dead from starvation in large numbers in some parts of Africa, but most Americans haven’t heard about this because they aren’t showing it on the news. (Read More...)

Crops are failing all over the globe this summer, but most people don’t even know that this is happening because the big television news channels aren’t talking much about it.  Instead, they remain intensely focused on politics day after day.  Without a doubt, the political realm is important, but there should also be plenty of time to discuss a raging global crisis which is going to deeply affect all of us.  The food that is not being grown this year is not going to be on our plates next year, but the vast majority of the population doesn’t understand this.  They see plenty of food in the stores now and they just assume that everything is going to be okay. (Read More...)

Our concerns about the housing market have been confirmed.  This week, the corporate news is full of headlines about the new “housing recession” that has officially arrived, but this shouldn’t surprise any of us.  We were warned over and over again that if the Federal Reserve aggressively hiked interest rates that it would absolutely crush the housing market.  In so many ways, what we are currently witnessing seems so similar to 2008.  After a period of very rapid growth, home prices all over the nation are starting to fall.  Meanwhile, much higher mortgage rates are pushing millions of potential homebuyers out of the market and home builders are starting to panic.  If nothing is done, it won’t be too long before large numbers of Americans are once again underwater on their mortgages and this crisis starts to reverberate on Wall Street. (Read More...)

If you think that people are getting pretty crazy now, just wait until the cost of food skyrockets to levels that hardly anyone ever anticipated.  Most people don’t realize this, but to a very large degree we are still eating the food that was grown in 2021.  Unfortunately for all of us, far less food is being grown in 2022 than originally projected, and that is going to cause immense global stress in 2023.  Nightmarish droughts are absolutely devastating crops in the United States and Europe, the major war that is happening on the other side of the globe is greatly restricting the flow of agricultural goods from Ukraine, and the fact that some fertilizers have now more than quadrupled in price is deeply affecting farmers all over the planet.  In 2023, there is going to be a lot less food to go around, and we are all going to pay a lot more for it.  Needless to say, this is not good news. (Read More...)

We really are reaching a major crisis point.  Thanks to soaring fertilizer prices, insane weather patterns and the war in Ukraine, global food supplies have been getting tighter and tighter.  So we really needed a banner year for agricultural production in both the United States and Europe in 2022, and that is not going to happen.  In fact, unprecedented drought is absolutely devastating crops all over the northern hemisphere.  A lot of people are complaining about how high food prices are right now, but just wait.  If some sort of a miracle doesn’t happen, agricultural production is going to be way below expectations in both the United States and Europe, and that is going to have very serious implications for 2023. (Read More...)