The Economic Collapse

Memories of the very painful recession of 2020 are still quite fresh, and now we are being warned to brace ourselves for the possibility of yet another recession in 2022.  Unfortunately, a lot of things are going wrong all at the same time.  The Federal Reserve and other global central banks are likely to continue to raise interest rates in an attempt to bring inflation down, a major war has erupted on the other side of the globe, and we are simultaneously facing an epic global energy crisis and an epic global food crisis.  The Biden administration had been promising us that better days were ahead, but instead it appears that a tremendous amount of economic trouble is on the horizon. (Read More...)

The executive director of the UN’s World Food Program is saying that we are now facing “a catastrophe on top of a catastrophe”.  Unfortunately, he is not exaggerating.  The global price of food was skyrocketing even before the war on the other side of the globe erupted, and now many of the countries that are extremely dependent on agricultural exports from Ukraine and Russia are going to have to turn elsewhere for answers.  Meanwhile, severe drought is threatening production in the other major “breadbasket” of the world.  We are being warned that the winter wheat harvest in the U.S. could be “disastrous” this year, and that is very unwelcome news.  Because if some sort of a miracle does not happen, we will soon see hunger and famine on a scale that once would have been unimaginable to many people. (Read More...)

Food prices in the U.S. have already been soaring, and now we are on track for an absolutely horrible winter wheat harvest.  Of course this comes at a time when the war on the other side of the globe is going to greatly reduce wheat exports from Russia and Ukraine.  Over the last 12 months, the price of wheat has already risen 69 percent, and now this crisis threatens to go to an entirely new level.  In all my years of writing, I have never seen anything like this, and I am deeply concerned about what the months ahead will bring. (Read More...)

The growing desire for war that we are witnessing in Washington D.C. right now should greatly alarm all of us.  In this environment, voices of reason such as Tucker Carlson and Tulsi Gabbard are being accused of “treason” just because they are calling for peace.  Well, you can add me to that list because I am calling for peace too.  I don’t want nuclear war.  I don’t want billions of people to die.  You would think that we should all be able to agree on those things, but unfortunately the warmongers in Washington seem absolutely determined to keep escalating matters.  That is a very dangerous game, and it is going to be way too easy for someone to make a huge mistake.  Before that day arrives, you may want to figure out where you want to spend your days when global war fully erupts. (Read More...)

The economic sanctions that have been imposed upon Russia have caused immense damage, but a loss of the petrodollar would be absolutely devastating for the U.S. economy.  Since making an agreement with the Nixon administration in 1974, the Saudis have traded oil exclusively for U.S. dollars.  Today, approximately 80 percent of all oil produced in the entire world is traded for dollars, and the “petrodollar” has become one of the foundational pillars of the current global financial system.  Most Americans don’t realize this, but far more dollars are actually used outside of the United States than inside the United States, and having the reserve currency of the world is a massive advantage for us.  Up to this point, there has been an insatiable demand for U.S. dollars all over the planet, and that has allowed us to enjoy a standard of living that is way above what we actually deserve. (Read More...)

Are you starting to notice a pattern by now?  For the past six years, the American people have been emotionally manipulated by what I call “manufactured waves of outrage”.  Once the corporate media identifies a trigger, it will obsessively focus on it for weeks or months on end, and the narrative that develops will be echoed and magnified by millions upon millions of social media denizens.  Before too long, much of the population is whipped up into an irrational emotional frenzy, and that frenzy is used to move certain agendas forward. (Read More...)

This is what the early chapters of an inflationary meltdown look like.  Last week, we were informed that “consumer prices were 7.9% higher in February than a year ago”, and that was being touted as the highest figure “in 40 years”.  Of course those that follow my website on a regular basis already know that the reality is much worse than that.  If the inflation rate was still calculated the way that it was back in 1980, it would be over 15 percent right now.  We are already experiencing the sort of painful inflation that Americans were forced to endure during the Jimmy Carter era of the 1970s, and now the war in Ukraine is going to completely change the game moving forward. (Read More...)

On top of everything else, now a highly pathogenic avian influenza pandemic is ripping across the United States, and it has already resulted in the deaths of almost 2.8 million birds.  Most of the birds that have died have been chickens or turkeys.  And since this was just in the very first month of the pandemic, there is no telling how bad it could eventually become.  What will the eventual death toll look like?  Will it be in the tens of millions?  That is definitely a possibility.  And what would happen if the bird flu mutates into a version that spreads easily among humans?  We might want to start thinking about that, because that is possible too. (Read More...)