Search Results for: collapse of US economy

The United States has become an extremely gluttonous society.  When I say that, I am not just talking about food.  According to Gallup, obesity and diabetes “have both reached record highs”, but that is just a very small portion of the overall picture.  As a society, we have an absolutely voracious appetite for just about … Read more

At least things are still good for those at the very top of the food chain.  But for everyone else, economic conditions have already become very painful.  Today, the vast majority of Americans have less money than they did prior to the pandemic, and thanks to raging inflation our standard of living is steadily going down.  We … Read more

If it seems to you that the economic headlines that we are being fed by the mainstream media are completely and utterly disconnected from reality, you are definitely not alone.  They tell us that inflation is under control, but I was just at the grocery store today and I could hardly believe the prices.  They … Read more

U.S. consumers are getting weaker and weaker and weaker.  Today, debt levels have risen to unprecedented heights, but thanks to roaring inflation our standard of living has been steadily going down.  Most Americans are working extremely hard, but they have very little to show for it.  And now the latest economic downturn is really starting … Read more

Our economy runs on credit, and our banks are the beating heart of that system.  Without healthy banks, how would Americans buy homes, purchase vehicles or get credit cards?  The way that our system is currently constructed, it is absolutely imperative for our banks to function properly.  Unfortunately, the truth is that our banks have … Read more

The only way that we can continue to have cheap food is if we have cheap energy.  We use energy to grow our food, to harvest our food, to produce our food and to package our food.  And transporting all of that food from the farm to the factory and then to the stores takes … Read more

I know that there is a lot going on in the world right now, but I just had to write about what is happening to our banks.  High interest rates and chaos in the real estate industry are combining to put an enormous amount of pressure on our largest financial institutions.  As a result, banks … Read more

During the summer, many of the experts repeatedly assured us that the U.S. economy would be able to avoid a recession, but now reality is setting in.  Credit conditions continue to tighten, home sales are falling, credit card losses are exploding, stores are closing all over the country, and the number of bankruptcies is rising … Read more