Are You Prepared For The Coming Economic Collapse And The Next Great Depression?
Why aren’t more Americans concerned that we could be on the verge of an apocalyptic war with Iran? If there was still any doubt, what happened on Friday made it exceedingly clear that we are literally on the brink of seeing World War 3 erupt in the Middle East. And as I detailed yesterday, a … Read more
Within the last 48 hours we have seen large earthquakes going off like firecrackers all along the Ring of Fire. As you will see below, a magnitude 6.1 quake just hit Japan, a magnitude 6.6 quake just hit Australia and a magnitude 7.3 earthquake just hit Indonesia. And of course all of this comes just … Read more
On Wednesday, five Iranian gunboats attempted to seize a British oil tanker as it was traveling through the Persian Gulf. As you will see below, this was apparently done in retaliation for an incident which happened in Gibraltar less than a week earlier. British Royal Marines captured a tanker that was reportedly taking Iranian oil … Read more
The moment that I heard that a U.S. Navy high altitude drone had been blown out of the sky by Iran, I realized that a very important threshold had just been crossed. We now find ourselves on the brink of World War 3, and one wrong move could unleash death and destruction on a scale … Read more
Earlier today, I was greeted by this jarring headline when I visited the Drudge Report: “BONDS FLASH RECESSION WARNING”. These days, it seems like the “R word” is being thrown around constantly, but at this time last year everyone was celebrating how well the economy was doing. Unfortunately, we have witnessed a dramatic shift in … Read more
The more steps that we take toward a war with Iran, the more likely it becomes that somebody will do something really stupid that will actually trigger one. By cutting off Iran’s oil exports, we are threatening to completely wreck their economy, and at this point they feel backed into a corner. And the Iranians … Read more
Wal-Mart gets approximately one-fourth of all the merchandise that it sells from China, and Wal-Mart’s CFO is warning that “higher tariffs will lead to higher prices for customers”. In other words, U.S. consumers will soon be feeling a lot of pain. Over the last several decades, major retailers such as Wal-Mart have become increasingly dependent … Read more
Global economic activity has already been slowing down dramatically, and the U.S. trade war with China is just going to make things worse. In so many ways, what we are witnessing in 2019 is quite reminiscent of what we witnessed as the last recession was beginning. Global exports are absolutely plummeting, auto sales are way … Read more