Are You Prepared For The Coming Economic Collapse And The Next Great Depression?
Even though central banks all over the world have been raising interest rates in recent months, food prices just continue to go up. There are a couple of reasons why this is happening. First of all, demand for food is very inelastic. In other words, no matter how high or how low prices go, people … Read more
What is going to happen to our banking system as trillions of dollars worth of commercial real estate loans go bad? Many months ago, I warned that the greatest commercial real estate crisis in U.S. history was coming. At the time, a lot of people didn’t believe me and that was fine. As with so … Read more
America was once a country that built stuff. Previous generations of Americans constructed the greatest highways, bridges, railroads, ports, dams and water systems that anyone had ever seen. Magnificent new mega-cities were erected from coast to coast, and the rest of the world looked at us with envy. Ultimately, the keys to all of this … Read more
A lot of the “experts” have been telling us that economic conditions are likely to really start deteriorating later in the year, but here we are in June and the economy is beginning to unravel a lot quicker than most of them had anticipated. The housing bubble is imploding, existing home sales are plunging all … Read more
Significantly higher food prices are coming, because U.S. food production is going to be way below normal levels this year. That is really bad news, because food prices are already absurdly high. In some cases, people are paying as much for a full shopping cart full of food as they did for a used vehicle … Read more
A lot of people have been waiting for “the other shoe to drop”, and now that day has arrived. Thanks to rapidly rising interest rates and historically low occupancy rates, we are facing an unprecedented commercial real estate crisis. Borrowers are starting to walk away from commercial real estate properties all over the nation, and … Read more
There is nothing wrong with being optimistic, but blind optimism can be a very dangerous thing. The reason why so many of the “experts” were shocked by the Great Recession of 2008 and 2009 is because they didn’t want to believe that such a thing could happen. Unfortunately, we are witnessing a similar pattern now. … Read more
Even though most Americans aren’t paying much attention at this point, the way that the war in Ukraine is evolving should greatly concern all of us. Ukrainian President Volodymyr Zelenskyy and his generals very clearly understand that they are in very big trouble unless they can draw the U.S. and other NATO powers directly into … Read more