Are You Prepared For The Coming Economic Collapse And The Next Great Depression?
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
If you are surprised by what is happening in the financial world right now, you probably haven’t been paying much attention. Stock prices were obscenely high and many investors were massively overleveraged. The Dow Jones Industrial Average plummeted by more than 1,000 points on Monday, and stock prices are still obscenely high and many investors … Read more
I suppose that congratulations are in order. It is no small feat to pile up a debt of $315,000,000,000,000, and we will never see a mountain of debt of this magnitude ever again after it comes crashing down. Even though delinquency rates are rising all over the world, as long as conditions remain at least … Read more
Are the financial markets headed for trouble? There was quite a bit of panic on Wall Street on Thursday after more bad economic numbers were released. But honestly I simply do not understand why the financial markets responded with such surprise. By now it should be apparent to everyone that we have a “Weekend at … Read more
How in the world can anybody possibly claim that the U.S. economy is in good shape? Honestly, I don’t see how anyone can make a rational argument that this is the case. Actually, the only people that seem to be trying to claim that the U.S. economy is heading in the right direction are those … Read more
Every single day there are more twists and turns to this new banking panic. In fact, we just learned that the big banks have gotten together to save First Republic. That is good news, because a collapse of First Republic would have been a major catastrophe. But First Republic is just one in a very … Read more
Welcome to the great banking collapse of 2023. Please try to enjoy the ride. When FTX crumbled, I explained to my readers that it was not the first domino to fall and that it certainly would not be the last. Sadly, that prediction turned out to be completely accurate. Within the last week, we have … Read more
The widespread panic that we just witnessed is definitely not what the bureaucrats at the Federal Reserve were anticipating. Following the second largest bank collapse in U.S. history on Friday and the third largest bank collapse in U.S. history on Sunday, the Federal Reserve unveiled an unprecedented rescue plan that was supposed to end the … Read more