Are You Prepared For The Coming Economic Collapse And The Next Great Depression?
Winter hasn’t even begun yet, but cold weather diseases are already spreading like wildfire all over the United States. The flu has returned in 2022 with a vengeance, new strains of COVID are reportedly starting to emerge, and RSV has hit some areas of the nation extremely hard. I don’t ever remember seeing anything quite … Read more
Here we go again. When the housing market crashed in 2008 and 2009, large numbers of U.S. homeowners ended up owing more on their mortgages than their homes were worth. When the Federal Reserve started to aggressively hike interest rates earlier this year, I warned that it would happen again, and now that day has … Read more
For the first time in decades, the cost of food has become a major issue in America. If rapidly rising food prices are not a problem for you, then you should be very thankful, because most of the country is really hurting right now. The cost of food has been going up much faster than … Read more
Will 2022 go down in history as one of the most important economic turning points that we have ever seen? All over the planet, economic activity is beginning to decelerate and uncertainty about the future is in the air. Meanwhile, the cost of living continues to escalate and a very painful energy crisis has begun. … Read more
If you thought that the collapse of FTX was something, just wait until the entire global financial system comes crashing down all around us. Most people just assume that the system is being managed by rational people that behave in rational ways, but of course countless investors assumed the same things about FTX. Sadly, the … Read more
We continue to get more evidence that the U.S. economy is really slowing down. As you will see below, the amount of stuff that we are ordering from manufacturers in China is plunging dramatically. I have never seen a dip of this magnitude before, and I think that it is a really bad sign for … Read more
We knew that economic conditions were deteriorating, but this is getting ridiculous. According to Challenger, Gray & Christmas, the number of layoffs in November was 127 percent higher than it was in October. That isn’t just a trend, that is an avalanche. And compared to the same month in 2021, the number of layoffs in … Read more
The road ahead certainly does not look promising. For much of 2022, there has been a lot of debate about whether or not the U.S. economy is in a recession, is headed for a recession, or is about to turn in a positive direction. Unfortunately, virtually all of the numbers are now telling us that … Read more