The Economic Collapse

I can’t believe that they actually did it.  Even though it is painfully obvious that the U.S. economy is slowing down dramatically and that we are heading into an excruciating repeat of the housing crash of 2008, the Federal Reserve decided to go ahead with the largest interest rate hike in 28 years anyway.  History has shown us that raising rates just as an economy is entering a recession is an exceedingly foolish move, and many of us have been pleading with the Fed not to do it.  But of course if the Fed actually listened to people like us, we would not be facing such a dire crisis in the first place. (Read More...)

It is often said that those that refuse to learn from history are doomed to repeat it.  More than a decade ago, the Federal Reserve created the most epic housing bubble in American history and everyone was happy until 2008 came along.  The economy slowed down, home prices crashed and the ensuing chaos on Wall Street spawned an endless series of movies, television specials and documentaries.  But instead of learning our lessons, we did it again.  The Federal Reserve created an even larger housing bubble, and I have been relentlessly warning that it would inevitably burst.  Now home sales have fallen for six months in a row and prices are crashing again.  In fact, in some parts of the country we have already seen prices plunge by as much as 20 percent… (Read More...)

This is bad.  This is really, really bad.  Investors loved the ride up, but now the Federal Reserve is helping to destroy the bubble that it once so eagerly created, and trillions of dollars in paper wealth is being wiped out in the process.  Unfortunately, our system is not really designed to handle this sort of carnage.  So many in the financial world live right on the edge, and when things go really, really bad the dominoes can start falling at a pace that is absolutely breathtaking.  We witnessed this back in 2008, and it could soon happen again. (Read More...)

Have you ever heard of a survey where 100 percent of the respondents agree?  I can’t ever recall seeing one like that, but as you will see below, 100 percent of the corporate CFOs that were just surveyed by CNBC believe that a recession is coming by the end of next year.  At this point, our economic troubles are growing so rapidly that you would have to be deaf, dumb and blind not to see what is happening.  A meltdown of historic proportions has already begun, and there is economic gloom just about everywhere that you look. (Read More...)

We haven’t seen anything like this in decades.  Energy prices are soaring to unprecedented heights.  Food shortages in some parts of the world are starting to become quite severe.  Rampant inflation is out of control all over the globe.  Meanwhile, economic activity is slowing down everywhere that you look.  Some are comparing this current crisis to the “stagflation” of the 1970s, but I believe that is a far too optimistic assessment.  Just about everyone can see that economic conditions are rapidly deteriorating, and there is a tremendous amount of alarm about what the months ahead will bring. (Read More...)

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...)