Search Results for: Michael Snyder

Decades of economic decline have brought this country to a breaking point. The vast majority of the population is barely scraping by from month to month as prices continue to rise, thousands of stores and restaurants close, foreclosures spike to alarming levels and the middle class continues to shrink. Now the crisis in the Strait … Read more

Would you pay 8 dollars for a gallon of gasoline? I know that may sound crazy to many of you, but that is what some residents of Los Angeles are paying right now. Sadly, the west coast is more dependent on oil from the Persian Gulf than anywhere else in the continental United States, and … Read more

Nobody is going to be able to save the spring planting season in the northern hemisphere now, and that is really bad news because according to the UN the number of people in the world experiencing acute hunger was already at an all-time high even before the war began. A historic global food crisis has … Read more

You have probably noticed that gasoline is starting to become extremely expensive. That is really bad news for all of us, because our entire way of life depends on cheap energy. We can’t make stuff without energy. We can’t move stuff without energy. That is why the cost of energy directly affects the cost of … Read more

Every single day that the Strait of Hormuz is closed, the damage that is being done to the global economy is getting even worse. But the full consequences of the global oil crisis that we are facing will not be felt for a while because nations all over the globe are still running through their … Read more

Americans were not even this stressed about their financial situations during the Great Recession. As you will see below, a brand new Gallup survey has discovered that 55 percent of Americans believe that their finances are getting worse. That is higher than any reading that Gallup recorded during the recession of 2008 and 2009, and … Read more

They aren’t telling you the truth about what is coming. Even if the Strait of Hormuz reopens tomorrow, and there is no way that is going to happen, oil production will not return to pre-war levels for years. In other words, we are facing an extended global energy crisis no matter what happens now. Of … Read more

Thanks to the crisis in the Strait of Hormuz, there isn’t going to be enough fertilizer for everyone in 2026. What is available is going to be gobbled up by the wealthy countries because they have the most money. Of course higher fertilizer costs will ultimately be passed along to consumers, and so we will … Read more