Are You Prepared For The Coming Economic Collapse And The Next Great Depression?
When a great tragedy happens, it should bring us together. But instead, each new tragedy seems to tear us apart even more. The Nashville shooting is a perfect example of this. Instead of focusing on the victims and grieving for the lives that have been lost, many are using this tragedy as an opportunity to … Read more
What will our financial system look like once the 20 trillion dollar commercial real estate industry implodes? You might want to start thinking about that, because the truth is that the industry is in a tremendous amount of trouble. Occupancy rates are extremely low and getting lower, rising interest rates have created all sorts of … Read more
A trillion dollars is a lot of money. If you stacked a billion dollar bills on top of one another, the pile would be 67.9 miles high, but if you stacked a trillion dollar bills on top of one another the pile would be 67,866 miles high. And if you lined up a trillion dollar … Read more
When there is fear in the air, banks start getting really tight with their money, and right now there is lots of fear in the air. A major credit contraction would be a nightmare scenario for the economy, and as you will see below, there is evidence that this is already starting to happen. Hopefully … Read more
They actually did it. The Federal Reserve just raised interest rates by another 25 basis points right in the middle of a major banking crisis. I honestly do not understand what Fed officials are thinking. They had already blown a 620 billion dollar black hole in the balance sheets of U.S. banks by raising rates … Read more
We could not survive without the giant ball of fire that our planet revolves around, and so the stability of our sun is of the utmost importance. Unfortunately, it has started to behave very erratically lately. Scientists are telling us that they think everything is just fine, but the truth is that they don’t really … Read more
Fear is in the air. In recent days we have seen a level of panic that we have not witnessed since 2008, and in such an environment people just want to make sure that their money is safe. But there are very few places in our financial system that are truly “safe” at this point. … Read more
They are desperately trying to plug one leak in the system after another, but what happens if the entire system suddenly comes crashing down all around them? Back on January 4th, I specifically warned that our problems would “greatly accelerate over the next 12 months”, and that is precisely what has happened. We are now … Read more