The Economic Collapse

If you are against a war with China, you need to make your voice heard while you still can.  Because once the bullets start flying, it will be too late.  Once a war with China starts, our current standard of living won’t just be interrupted.  The truth is that our current standard of living would end.  There are thousands upon thousands of products that we currently get from China that would very quickly disappear from store shelves.  They simply would not be available any longer.  And Taiwan produces more of our microchips than anyone else in the world by a very wide margin.  When the microchips stop flowing our whole economy will come to a crashing halt.  So the stakes are incredibly high, and most people don’t seem to realize this. (Read More...)

Nancy Pelosi knows exactly what she is doing.  She knows that going to Taiwan without China’s permission will create a major international incident, but she is doing it anyway.  It is being reported that Pelosi will arrive in Taiwan on Tuesday, spend the night in downtown Taipei on Tuesday night, and then potentially meet with Taiwanese President Tsai Ing-wen on Wednesday.  If she does meet with Taiwanese President Tsai Ing-wen, that will infuriate the Chinese even more.  Pelosi is directly challenging China’s sovereignty over the island, and that is something that the Chinese will simply not tolerate. (Read More...)

It is starting to look a lot like 2008.  Extremely long lines are forming at food banks all over the country, job losses and layoffs are starting to spike, countless small businesses are right on the brink of going under, a housing crash that could be even worse than what we witnessed in 2008 has begun, and large numbers of Americans are actually moving into sheds in a desperate attempt to save money.  This new economic downturn is still only in the very early stages, and yet the economic suffering that we are already seeing all over the country is truly frightening.  If people are struggling this much now, what will conditions be like six months down the road? (Read More...)

Have you become numb to all the bad news yet?  Almost every single day, something really horrible seems to happen in the United States.  It is just one thing after another and it has been that way for months.  It is as if we are in the midst of some sort of a “perfect storm” that never seems to end.  In all my years of writing, I have never seen anything like this.  There is so much bad news happening right now that it is literally impossible to keep up with it all.  Events are starting to accelerate at a pace that is absolutely breathtaking, and I am extremely concerned about what the remainder of 2022 will look like. (Read More...)

Under normal circumstances, this would never happen.  Normally, you would never have raging inflation and a housing crash at the same time.  But thanks to the Federal Reserve that is precisely what we are now facing.  The Fed has created a colossal inflation monster which is going to be exceedingly difficult to tame, and meanwhile the most epic housing bubble in the history of our country is starting to burst.  This combination is going to cause immense pain for U.S. consumers in the months ahead, and there is no short-term hope on the horizon. (Read More...)

How would you feel if your power bill went up by 50 percent this winter?  How about 100 percent?  Unfortunately, these kinds of price increases are already being announced.  The world was heading into a major energy crisis even before the war in Ukraine started, and now that conflict threatens to create an extremely severe energy crunch that would have been unimaginable just a couple of years ago.  If some sort of a miracle doesn’t happen, it is going to be a really, really cold winter for countless people in the western world. (Read More...)

They are trying to do it to us again.  Over the past two years, they have lied to us over and over again, and now they are going back to the same old playbook one more time.  Everyone is anticipating that Thursday’s GDP number will show that the U.S. economy has now contracted for two quarters in a row, and when that happens that will mean that we have fallen into an economic recession.  In fact, if you go to Google and type in “recession definition”, this is what you will find: “a period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters.”  But the Biden administration doesn’t like that definition for obvious reasons.  If everyone starts throwing around the word “recession” to describe what is going on, the outlook for the Democrats in the midterm elections is likely to get even bleaker. (Read More...)

It looks like we are going to get official confirmation that a recession has already begun when the GDP number for the second quarter comes out later this week.  But that isn’t what we should be focusing on.  Yes, things weren’t great during the first half of 2022, but they are going to be significantly worse during the second half.  Small businesses are starting to fail all over the country, a housing crash of potentially epic proportions has started, layoffs are on the rise from coast to coast and economic activity is really slowing down all around us.  So if you think that things are bad now, just wait, because they will soon be a whole lot more painful. (Read More...)