Are You Prepared For The Coming Economic Collapse And The Next Great Depression?
We never seem to learn from our mistakes. Just before the financial markets crashed and the economy plunged into a horrifying recession in 2008, U.S. consumers went on a debt binge of epic proportions. Mortgage debt, auto loan debt and credit card debt all skyrocketed, and so when the economy finally crashed all of a … Read more
The global energy crisis has entered an alarming new stage. In recent months, natural gas prices have risen to absurd heights and supplies have been getting tighter and tighter all over the planet. But I did not expect that we would see any rationing yet. It had been my opinion that we could possibly see … Read more
Sometimes I think that we truly are living in Bizarro World. We just witnessed one of the most horrible financial disasters in years, and economic activity is dramatically slowing down all around us, but Wall Street is celebrating. In fact, the Dow Jones Industrial Average rose more than 1,200 points on Thursday. Despite everything else … Read more
Another domino has fallen. We are being told that the failure of FTX “would be kind of like a Lehman Brothers event”, and at this hour FTX is on the verge of collapse. There was a chance that FTX could survive when Binance announced a shocking rescue plan, but after looking at the books Binance … Read more
This holiday season is certainly going to be far less jolly for millions of Americans. Yesterday, I detailed 11 signs that economic activity in the U.S. is rapidly declining. Well, today we have gotten even more bad news. Thanks to deteriorating economic conditions, Americans plan to buy a lot less stuff this holiday season. In … Read more
Have you noticed it too? There has been a dramatic shift in the economy in recent days. It has been sudden and it has been severe. All over the country, sales are falling like a rock, inventories are piling up to alarming levels, and large companies are beginning to conduct mass layoffs. Perhaps it was … Read more
The level of anger that we are witnessing all over the United States right now is extremely alarming. Millions of voters on both the left and the right are filled with rage, and I have never seen this country more bitterly divided than it is at this moment. Interestingly, survey after survey has found that … Read more
This is starting to look like 2008 all over again. For years, the tech industry was the strongest part of the U.S. economy by a wide margin. The largest tech firms were raking in billions upon billions of dollars in revenue and their stock prices soared to unprecedented levels. But now the tech industry has … Read more