The Economic Collapse

It turns out that all of the “doom and gloomers” that were warning that we would eventually experience nightmarish inflation were right after all.  In particular, vehicle prices have become exceedingly painful in recent months.  Due to a crippling global shortage of computer chips, production of new vehicles is way down, and a lot of that demand has shifted into the used vehicle market.  Over the past year, used vehicle prices have escalated at a pace that we have never seen before in our entire history, and things reached a crescendo during the month of October.  If you can believe it, used vehicle prices increased by 9.2 percent last month… (Read More...)

We are being told that we are in the midst of the worst worker shortage in the history of the United States, but the numbers that we are being given by the federal government suggest that there should be no shortage of workers.  As I will detail in this article, we are being told that there are 107 million working age Americans that are not employed right now.  That is an astoundingly high figure.  In fact, it is much, much higher than the peak that we hit during the “Great Recession” of 2008 and 2009.  Of course back then we had millions upon millions of unemployed Americans that were absolutely desperate for a job.  Today, the opposite is true.  There are millions upon millions of open jobs, and employers are doing everything that they can to entice people to come to work.  They are dramatically raising wages, they are handing out huge signing bonuses, they are offering to pay for college, and in some cases they are even completely waiving drug testing requirements.  But even though all of this is happening, we still have 107 million working age Americans on the sidelines. (Read More...)

Why won’t our politicians ever listen?  Just two days after voters made it exceedingly clear that they hate mandates, the Biden administration has announced that the nationwide OSHA mandate will go into effect on January 4th.  Are Biden and his minions this dense, or do they just not care what the American people think?  It has been estimated that the new OSHA mandate will cover approximately 80 million Americans, and it could potentially result in millions of highly qualified workers losing their jobs in early 2022. (Read More...)

The corporate media seemed absolutely shocked by what happened on Tuesday night.  But I was not shocked one bit.  In fact, anyone with any common sense at all should have seen it coming.  Sadly, none of the talking heads on television that I saw were willing to admit why the Democrats really lost Virginia.  Some of the analysts said things that were true, but none of them addressed the main issue.  For example, CNN’s Van Jones admitted that Democrats “are coming across as annoying and offensive”, and that was certainly a truthful statement.  But that isn’t why Democrats lost.  Ultimately, the real reason why they lost in a state where they usually win is incredibly simple. (Read More...)

Even in the best of years we struggle to feed everyone in the world, and the last two years have definitely not been the best of years.  Global weather patterns have gone completely nuts, major natural disasters are happening with alarming frequency, and the COVID pandemic has played havoc with supply chains all over the world.  As a result, food prices have been absolutely soaring.  In fact, the UN is telling us that global food prices were up 40 percent in the 15 months ending in June… (Read More...)

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...)