Americans Are Taking On Debt As If Tomorrow Will Never Come

If you make a conscious choice to ignore all long-term consequences, managing your personal finances can be a lot of fun.  For example, instead of rationally evaluating what sort of mortgage payment you can actually afford, why not take a plunge and buy a $600,000 house?  You only live once, right?  And instead of making your current dumpy vehicle last another year or two, why not take out a huge loan on a brand new $60,000 SUV?  You know you deserve it.  While you are at it, why don’t you go on another huge spending spree and max out all of your credit cards again.  Paying off those credit cards will be very painful in the long run, but nobody thinks much about long-term consequences these days. (Read More...)

3 New Polls Show That They Are Going To Need To Cart Out Much Bigger Doses Of “Hopium”

The mood of the nation has dramatically changed.  Survey after survey has shown that Americans are much less optimistic than they were during the first half of 2021, and that could have enormous implications for the economy as we roll through the second half of this calendar year.  When consumers are pessimistic about the future, they tend to hold on to their money more tightly, and they also tend to allocate money to different priorities.  Earlier this year, so many pundits were telling us that a new golden era of prosperity was ahead because the worst of the pandemic was behind us and Joe Biden was now in the White House.  But now the Delta variant is causing another wave of mass panic, and an increasing number of Americans are losing faith in the Biden administration.  Needless to say, the honeymoon is over, and Americans are not pleased with what they see as they peer into a very bleak future. (Read More...)

August Will Be A Real Turning Point – Welcome To The Biggest Eviction Horror Show In U.S. History

It is the beginning of August, and a day of reckoning has finally arrived for renters all over the nation.  Since last September, a moratorium that was issued by the Centers for Disease Control and Prevention has been protecting millions of renters that have been unable or unwilling to make their monthly rent payments.  But now that moratorium is officially over, and all of that back rent is due.  For some renters, that will mean that nearly a full year of rent will need to be paid.  The millions of Americans that cannot or will not pay what is owed can now be legally evicted.  This is a major national disaster that has been building up for many months, and now it is finally here. (Read More...)

When Society Collapses, Will The United States Be One Of The Best Places To Be Located?

On some level, we all know that it is just a matter of time before our society implodes.  When that day finally arrives, where will you want to be living?  I know that most of you have thought about this at some point.  Even if we don’t admit it to others, most of us have spent at least a little bit of time thinking about worst case scenarios.  Our world is getting a little bit crazier with each passing day, and that was definitely true today.  We are cruising down a highway that doesn’t lead anywhere good, and it won’t be too long before the wheels start coming off.  When the music finally stops and everyone is scrambling to find a chair, where will you be located? (Read More...)

More Cowbell! Federal Reserve Officials Decide That More Inflation Is The Answer

Someone please make the madness stop.  Many years ago, when Saturday Night Live was still actually funny, comedian Will Ferrell starred in a skit that was entitled “More Cowbell”.  To this day, it remains one of the most famous skits in comedy history, and that is because it was absolutely hilarious.  If you have never seen it, you can find it right here.  Unfortunately for all of us, the Federal Reserve is now doing their own version of “More Cowbell”, but it isn’t funny at all.  At this point, Fed officials sound like a broken record, because month after month they just keep telling us that the answer to our growing economic problems is even more inflation.  They have completely gone off the deep end, but since most Americans are illiterate when it comes to economics hardly anyone is objecting. (Read More...)

Let’s Compare The U.S. Economy Before The Pandemic To The U.S. Economy Today

Throughout the first half of 2021, there was a tremendous amount of optimism about the U.S. economy.  Many believed that the pandemic would soon be behind us and that a new era of great prosperity would soon be upon us.  But now the optimism that we witnessed is fading as Americans become increasingly concerned about inflation, shortages and rising debt levels.  Our leaders created, borrowed and spent trillions upon trillions of dollars in a desperate attempt to get our economy back on track, and it turns out that all of that money didn’t really have the enormous impact that they had hoped.  On the other hand, inflation is now beginning to spiral out of control, and many are comparing this time in our history to the Jimmy Carter era of the 1970s. (Read More...)

Paying Attention Yet? Here Are 10 Plagues That Our World Has Had To Deal With So Far This Summer…

This is a summer that none of us will ever forget.  There has been one apocalyptic disaster after another, and we haven’t even reached the halfway point yet.  At the same time that historic flooding has been absolutely devastating parts of Europe and China, unprecedented heat, drought and wildfires have been hitting portions of North and South America extremely hard.  On top of all that, countless numbers of birds are suddenly dropping dead, hundreds of millions of sea creatures have been wiped out, the COVID pandemic is experiencing a major resurgence and we are starting to see famine break out in parts of Africa. (Read More...)

Elderly Americans Are Increasingly Being Targeted As Violent Crime Soars To Crazy Levels In Major U.S. Cities

Those that prey on elderly people just because they are easy targets should be deeply ashamed of themselves.  Unfortunately, we live at a time when violent criminals are roaming the streets of our major cities in packs, and many of them seem to have no sense of honor at all.  Women are being attacked, children are being attacked, and those that are advanced in age are often specifically targeted.  Reading that may make your blood boil, but they don’t care what you think.  Many of these criminals don’t have respect for anyone or anything, and a lot of them have hearts that are as cold as ice. (Read More...)

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