Are You Prepared For The Coming Economic Collapse And The Next Great Depression?
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
If you live in a major urban area, you may have noticed that “tent cities” are starting to pop up all around you. The worst inflation crisis in decades has combined with the worst drug crisis that we have ever seen to create an unprecedented homelessness crisis. Every night, even more Americans join the rapidly … Read more
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