The Economic Collapse

I hope that you are enjoying these beautiful summer weekends while you still can, because it appears that very troubled times are dead ahead.  Simultaneously, inflation continues to spiral out of control even as economic activity in the U.S. dramatically slows down.  Many have compared what we are currently experiencing to the “stagflation” of the 1970s, but the truth is that what we are facing will eventually be so much worse than anything that we went through back then.  A meltdown of historic proportions is here, and as you will see below, some of the biggest names in the entire country are talking about it. (Read More...)

We have faced a lot of significant challenges in modern American history, but nobody will ever forget the economic horror that is breaking loose during Joe Biden’s time in the White House.  For years, we were warned that the policies that our leaders were pursuing would destroy the value of our currency and unleash rampant inflation.  Now it has happened.  For years, we were warned of a looming global energy crisis that would inevitably hit us.  Now it is here.  But what we have been through already is just the beginning.  The shortages that we are experiencing now will get worse.  Many of the ridiculously high prices that we are seeing now will seem like bargains by the end of the year.  And right now the U.S. economy appears to be rapidly slowing down at the exact same moment that economies all over the globe are moving in the wrong direction.  The CEO of Goldman Sachs just told us that “there’s going to be tougher economic times ahead”, and he is not exaggerating one bit. (Read More...)

Not too long ago, the elite were trying to put a happy face on our growing economic problems.  It was obvious that things were trending in a very alarming direction, but they kept assuring us that any bumps in the road were just temporary and that a new golden age of prosperity was just around the corner.  Needless to say, there were dead wrong, and now some of them are publicly admitting the truth.  For example, JPMorgan Chase CEO Jamie Dimon just publicly stated that an economic “hurricane” is rapidly approaching… (Read More...)

All of a sudden, just about everyone is upset about inflation.  It would have been nice if everyone would have been this upset back when our leaders were making the exceedingly foolish decisions that resulted in this crisis.  In May 2012, the federal government was 15 trillion dollars in debt.  Now we are 30 trillion dollars in debt, but our politicians continue to spend money as if tomorrow will never come.  Meanwhile, the Federal Reserve has pumped trillions of dollars that they created out of thin air into the financial system in recent years.  For a very long time, I passionately denounced what our leaders were doing, because I knew what would happen.  Now a day of reckoning has arrived, and millions upon millions of Americans are absolutely desperate for things to return to normal.  Unfortunately, that simply is not going to happen. (Read More...)

We are supposed to believe that what we are witnessing is just one “tragic accident” after another.  We aren’t supposed to see any sort of a pattern, and we aren’t supposed to ask any questions.  Last month, I wrote an article about 16 mysterious fires that have happened at important food industry facilities in the United States since the start of 2022.  Unfortunately, this trend has continued since that time.  In fact, there have been more “accidental fires” in recent days, and I believe that the American people deserve some answers. (Read More...)

Are you ready for what is coming next?  Are you ready to pay six dollars for a gallon of gasoline?  Are you ready to pay much higher prices for everything at our major stores as the price of diesel goes haywire?  Are you ready for widespread blackouts all over the U.S. this summer?  Unfortunately, we are being warned that all of these things are coming.  The worst energy crisis in U.S. history is poised to get even worse in the months ahead, and there is no “silver bullet” on the horizon which is going to magically solve our problems.  The refineries that we need are not being built and the drilling that needs to be done is not really happening.  Of course energy supplies are getting tighter and tighter all over the globe, and things will go to an entirely new level once the next major war starts. (Read More...)

The U.S. economy is slowing down more quickly than almost all of the experts had anticipated.  As I detailed yesterday, U.S. consumers have been getting hit extremely hard by this economic slowdown, and at this point most Americans believe that a recession is coming.  But could it be possible that a recession has already begun?  As you will see below, the numbers seem to indicate that such a scenario is quite likely.  But whether we are already officially in a recession or not, the truth is that whatever we are experiencing now is nothing compared to the pain that is eventually coming down the road. (Read More...)

Prices are soaring, there are widespread shortages of certain items such as baby formula all over the nation, and at the same time U.S. economic activity appears to be really slowing down.  Considering all of that, it makes perfect sense why the American people are feeling so negative about the economy right now.  In fact, a whopping 85 percent of all Americans believe that there will be a recession within the next year.  These days, it is virtually impossible to get Americans to overwhelmingly agree about anything, and so the fact that 85 percent of us are anticipating a recession is a really big deal.  Just about everyone realizes that economic conditions are going to get worse, but for those of you that still doubt where we are headed here are 11 statistics that show how U.S. consumers are faring in this rapidly deteriorating economy… (Read More...)