Are You Prepared For The Coming Economic Collapse And The Next Great Depression?
The president of the United States just threatened to end all trade with China if the Chinese do not stop buying oil from Iran. I realize that this sounds like something that Hollywood would dream up, but this isn’t a plot from an episode of your favorite television show. This is really happening. President Trump … Read more
2025 is going to be largely defined by whether there is a major war with Iran or not. If a verifiable deal with Iran can be reached that prevents Iran from producing nuclear weapons, I will applaud the Trump administration for pulling off the diplomatic coup of the century. But if negotiations fail, it is … Read more
For years, our economy and our financial markets have been artificially propped up. Since 2008, politicians in Washington have added about 26 trillion dollars to the national debt, and bureaucrats at the Fed have pumped trillions of freshly created dollars into the financial system. If we could go back and undo just those two things, … Read more
China is normally the largest export market for U.S. agricultural products. In a typical year, we sell tens of billions of dollars worth of agricultural products to the Chinese, but now that door has been slammed shut thanks to the extremely high tariffs that China has imposed on U.S. imports. If that door is not reopened … Read more
Experts are telling us that the supply chain disruptions that we are facing are likely to be more severe than anything that we witnessed during the last pandemic. Anyone that believes that we can easily replace 438 billion dollars of imports from China is just being delusional. There are thousands of products that are made … Read more
This is a very difficult time for real estate agents and homeowners that are trying to sell their homes. As I have documented below, sales of previously-owned homes in the United States just fell to the lowest level that we have seen during the month of March since 2009. Needless to say, in March 2009 … Read more
If you are going to need anything made in China, I would buy it now while you still can. Many companies have already decided that it no longer makes any economic sense to import Chinese-made products into the United States because tariff rates are so high. As a result, there are certain things that will … Read more
Consumer sentiment is plummeting, delinquency rates are rising, and nearly three-quarters of all U.S. consumers admit that they are “financially stressed”. If U.S. consumers are experiencing this much pain now, what will things look like six months from today if there are empty shelves and widespread shortages? We witnessed a brief period of severe financial … Read more