The Economic Collapse

When we were young, most of us believed that we would achieve “the American Dream” someday.  Today, two-thirds of us believe that the American Dream is unattainable.  That is a searing indictment of a system that is coming apart at the seams right in front of our eyes.  As a child, it seemed like just about everyone was part of the middle class.  In those days, people just took for granted that you could have a nice home, a beautiful family, a couple of vehicles and a comfortable retirement.  But now that kind of middle class lifestyle is out of reach for most of the country.  In fact, a brand new Wall Street Journal/NORC poll discovered that only about one-third of the population thinks that the American Dream “is still alive”… (Read More...)

Have you noticed an unusual number of vehicles in the parking lots of major retailers in your area at night?  If you look closely enough, you will see that many of those vehicles actually have people sleeping in them.  At this point, millions of Americans are sleeping in their vehicles every night.  This is happening even though we are being told that the economy is just fine.  But of course the truth is that the system is failing all around us.  So if you get to sleep in a very warm bed in a very warm home, you should consider yourself to be very blessed, because vast numbers of people are really struggling right now. (Read More...)

Every month, it is almost always the same story.  The government releases a number that indicates that the U.S. economy has been creating plenty of “jobs”, and then later on that number is dramatically revised lower.  But by the time it is revised lower, nobody really cares anymore.  The fake numbers that are initially released month after month have given the American people the impression that the economy is performing far better than it actually is.  Now we are about to get another major revision to the employment numbers which only happens once per year… (Read More...)

Our entire economy is fueled by debt.  In fact, if going into more debt was suddenly banned the U.S. economy would instantly hit a brick wall.  For the vast majority of us, our lifestyles simply cannot be funded by what we actually make.  So we use debt to bridge the difference, and this has particularly been true during the cost of living crisis.  Total household debt has now reached a grand total of 17.8 trillion dollars, and we continue to pile up more with no end in sight… (Read More...)

Most Americans don’t even realize that virtually all of their personal information has been stolen and posted online for free.  The personal records of 2.9 billion people were stolen from a major data broker known as National Public Data earlier this year, and this month almost of the information that was stolen was posted online for anyone to freely take.  We are talking about names, addresses, phone numbers, employment histories, birth dates and Social Security numbers.  This is one of the most egregious privacy violations in the history of the world, but hardly anyone knows what has happened.  So please share this article as widely as you possibly can. (Read More...)

The wealthy are doing just fine at the moment, but they don’t seem to understand that much of the country is deeply hurting right now.  59 percent of Americans believe that the U.S. economy is currently experiencing a recession, and that is because most of them are personally experiencing economic pain.  Literally just about everything is substantially more expensive in 2024, more major layoffs are being announced with each passing day, and thousands of businesses are going bankrupt.  We haven’t seen a tsunami of economic suffering like this in a long time. (Read More...)