The Economic Collapse

What a joyful time of the year this is going to be for the countless families that are about to experience a job loss.  You would think that Joe Biden’s rapidly plunging poll numbers would cause him to rethink his absurd mandates, but that hasn’t happened.  Instead, he is has chosen to stubbornly move forward, and the consequences are going to be absolutely disastrous.  Earlier today, I watched a heartbreaking video of a pandemic hero being marched out of a hospital in California because her religious exemption was denied.  She admits that she could soon lose her house as a result, but freedom is more important to her.  Sadly, similar scenes are about to be repeated over and over again all across the country, because the biggest mandate of them all is about to be implemented.  According to the senior White House correspondent for CBS News, it appears that the OSHA mandate will go into effect in just a few days… (Read More...)

Are we about to witness one of the greatest self-inflicted economic wounds in history?  Vaccine mandate deadlines are starting to arrive, and large numbers of very qualified people are losing their jobs as a result.  Of course this comes at a very bad time, because we are already in the midst of the most epic worker shortage in U.S. history.  Despite the biggest hiring push that I have ever seen in my entire lifetime, businesses all over America are still desperate for workers.  The funny thing is that lots of available workers should theoretically be out there somewhere.  The number of Americans that are currently working is still about five million less than the peak that was hit just before the pandemic arrived.  So where did all of those missing workers go?  That is a question that we desperately need an answer for, because millions of workers seem to have evaporated from the system.  Now the vaccine mandates are going to make things far worse, because millions of Americans that are actually good at their jobs are going to be ruthlessly terminated, and finding replacements for them is going to be exceedingly difficult. (Read More...)

A lot of people aren’t going to want to hear this.  There are a lot of people out there that just want to hear that the future is going to be filled with rainbows, lollipops and unicorns, but that isn’t the truth.  Months ago, I warned my readers that the global chip shortage wasn’t going to end any time soon and that it would deeply affect thousands of other industries, and that is precisely what is happening right now.  Industry after industry is deeply hurting, and a lot of executives are really starting to freak out.  Earlier this year, many among the blind optimists assured us that the chip shortage would be resolved by the end of 2021, but obviously that has not happened.  In fact, the corporate media is now telling us that it is getting even worse.  For example, the following comes from a Wall Street Journal article entitled “Global Chip Shortage ‘Is Far From Over’ as Wait Times Get Longer”… (Read More...)

If you haven’t been paying attention, you will want to start watching the price of oil again.  Just before the financial crisis of 2008, the price of oil briefly shot up to 140 dollars a barrel, and experts agree that a very high price for oil would definitely unsettle financial markets now.  Unfortunately, it appears to be inevitable that the price of oil will go much higher.  Large financial institutions have become extremely hesitant to fund any projects that would “pollute the environment”, and governments around the world have made it extremely difficult for those that produce traditional forms of energy to expand operations.  Globally, there is a major push to bring in “the new green economy”, but “the new green economy” cannot provide the energy that we need.  Meanwhile, the demand for energy continues to grow all over the globe on a daily basis.  What this means is that all forms of traditional energy are going to become a lot more expensive. (Read More...)

We are facing an unprecedented global energy crunch.  Demand for energy is continually rising, and the production of energy is not keeping pace.  One of the biggest reasons for this is that large financial institutions have become extremely hesitant to fund any new energy projects that will add more carbon emissions to the environment.  Instead, they want to fund projects that will help us transition to the new “green economy”, but meanwhile we are getting to a point where we will soon see widespread shortages of traditional forms of energy.  So now we all get to suffer.  A lack of oil is pushing the price of gasoline to alarming heights, shortages of natural gas are already causing tremendous disruptions in Asia and Europe, we are being told that we are facing a propane “armageddon” this winter, and supplies of coal have dropped to dangerously low levels around the world. (Read More...)

Is Joe Biden about to apply the finishing blow to the U.S. economy?  If you don’t understand what I am talking about, just keep reading.  Somehow it seems appropriate that “the Grim Creeper” is in charge during the dying days of the U.S. economic system.  The U.S. dollar is being systematically destroyed, there are significant shortages all over the nation, a horrifying global energy crisis has suddenly erupted, and we are facing the most epic shortage of workers in our entire history.  As a result of the worker shortage, thousands upon thousands of very basic tasks that need to get done in order for our economy to run smoothly simply aren’t getting done.  This is one of the reasons why we are now facing the worst supply chain headaches that any of us have ever seen, and it is in this environment that Biden has chosen to deliver the coup de grâce. (Read More...)

Our leaders have been creating, borrowing and spending dollars at a pace that is far beyond anything that we have ever seen before in U.S. history, and yet they would have us believe that the terrible inflation that they have created is just “temporary”.  They must think that we are really stupid or really gullible (or both), because anyone with even a shred of common sense can see that this is going to end badly.  I have been warning about this for years, and many others have also been sounding the alarm for a very long time.  But at this point, you don’t have to be any sort of an “expert” to see what is happening.  In fact, Twitter co-founder Jack Dorsey just posted a tweet on his official account warning that “hyperinflation” is coming… (Read More...)

I realize that the headline that I have chosen for this article may sound a bit wild to many of you, but keep reading because what we are potentially facing is extremely serious.  Right now, we are already in the midst of an epic global energy crisis.  There have already been significant power outages all over the planet, and prices are spiking at a pace that is absolutely breathtaking.  With each passing day, it seems like supplies of oil, natural gas, propane and coal just keep getting tighter, and what is really odd is that it is happening so early in the year.  Summer just ended a few weeks ago, and the heart of winter in the northern hemisphere is still several months away.  So if things are this bad already, what are things going to look like when we get into January and February? (Read More...)