Are You Prepared For The Coming Economic Collapse And The Next Great Depression?
The last time interest rates were this high, the U.S. economy plunged into “the Great Recession” and millions of Americans lost their jobs. But the Federal Reserve is not going to stop here. In fact, Fed Chair Jerome Powell is telling us that more rate increases are on the way and that officials at the … Read more
They are trying really hard to convince all of us that everything is just fine. But close to one-fifth of the U.S. population is skipping meals because food prices are too high. And nearly 40 percent of our small businesses couldn’t pay rent in October. Our leaders are trying to put a positive spin on … Read more
In my entire lifetime, global supplies of diesel fuel have never been tighter than they are right now. And that is really bad news, because the entire economy of the western world runs on diesel. If we suddenly had no more diesel fuel, virtually all of our trains, trucks and ships would stop running. Needless to say, … Read more
We have reached a point where nearly two-thirds of all Americans are living paycheck to paycheck. So what happens if millions of those people suddenly lose their paychecks during the severe economic downturn that is ahead of us? In 2008, unprecedented numbers of Americans found themselves unable to pay their mortgages when the recession struck, … Read more
Things haven’t looked this bad for the U.S. economy since 2008. We are in the midst of the worst inflation crisis in decades, the housing market has started to collapse, some of the largest companies in America have begun laying off workers, and economic activity is slowing down all around us. Of course Joe Biden … Read more
Inflation is systematically destroying our standard of living, and the middle class is shrinking a little bit more with each passing day. The Social Security Administration just released wage statistics for 2021, and the numbers that they have given us are quite stunning. As you will see below, half of all American workers made less … Read more
The U.S. housing market is absolutely imploding, but nobody should be surprised. In fact, we were warned way ahead of time that this would happen. When the Federal Reserve told us that they would be aggressively raising interest rates, we all knew what this would do to the housing bubble. It was obvious that home … Read more
It is starting to get cold outside. Are you ready for a winter that will be unlike any other? As I have been documenting on The Economic Collapse Blog for months, the nightmarish global energy crisis that has erupted is not going to end any time soon. In fact, it has the potential to get … Read more