The Economic Collapse

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...)

Now they are trying to convince us that dramatically higher prices are good news.  Are you kidding me?  Our standard of living is being systematically destroyed, and more Americans are falling out of the middle class with each passing day.  The government just announced that in July the consumer price index was 8.5 percent higher than it was the previous July.  Of course many have challenged the value of the inflation numbers that the government is giving us because the way inflation is calculated has been changed many times over the years.  As John Williams of shadowstats.com has pointed out, if the rate of inflation was still calculated the way that it was back in 1980 it would be far higher than anything that we experienced during the Jimmy Carter era of the 1970s.  You can spin that any way that you want, but it is still a raging national crisis. (Read More...)

No matter where you fall on the political spectrum, you should be absolutely horrified by what the FBI just did.  When one political party weaponizes the law in order to crush their main opposition, the legitimacy of the government disappears.  At this point it is clearer than ever that the United States has become a banana republic, and it greatly pains me to say that.  From the time of the Founding Fathers up to today, so many Americans have sacrificed so much for our once great nation.  But now we are the generation that gets to witness the death of the American experiment. (Read More...)

If the Chinese don’t end their blockade of Taiwan, the Biden administration will be under immense pressure to respond.  So let us hope that cooler heads prevail in China and that a decision is soon made to end the pointless “military exercises” that the Chinese are currently conducting.  When the live-fire drills were first announced, we were told that they would last for only four days.  That was supposed to be it.  On Monday, they were supposed to go home.  But that didn’t happen.  Instead, on Monday the Chinese announced that the military exercises in the waters off Taiwan would be extended, and no new end date was given… (Read More...)