A “Housing Recession” Is Here, And It Isn’t Going To Be Fun…

Our concerns about the housing market have been confirmed.  This week, the corporate news is full of headlines about the new “housing recession” that has officially arrived, but this shouldn’t surprise any of us.  We were warned over and over again that if the Federal Reserve aggressively hiked interest rates that it would absolutely crush the housing market.  In so many ways, what we are currently witnessing seems so similar to 2008.  After a period of very rapid growth, home prices all over the nation are starting to fall.  Meanwhile, much higher mortgage rates are pushing millions of potential homebuyers out of the market and home builders are starting to panic.  If nothing is done, it won’t be too long before large numbers of Americans are once again underwater on their mortgages and this crisis starts to reverberate on Wall Street. (Read More...)

People Are Going To Go Absolutely Insane When Food Prices Double Or Triple From Current Levels

If you think that people are getting pretty crazy now, just wait until the cost of food skyrockets to levels that hardly anyone ever anticipated.  Most people don’t realize this, but to a very large degree we are still eating the food that was grown in 2021.  Unfortunately for all of us, far less food is being grown in 2022 than originally projected, and that is going to cause immense global stress in 2023.  Nightmarish droughts are absolutely devastating crops in the United States and Europe, the major war that is happening on the other side of the globe is greatly restricting the flow of agricultural goods from Ukraine, and the fact that some fertilizers have now more than quadrupled in price is deeply affecting farmers all over the planet.  In 2023, there is going to be a lot less food to go around, and we are all going to pay a lot more for it.  Needless to say, this is not good news. (Read More...)

A Horrifying Drought Is Causing Widespread Crop Failures Throughout The United States And Europe

We really are reaching a major crisis point.  Thanks to soaring fertilizer prices, insane weather patterns and the war in Ukraine, global food supplies have been getting tighter and tighter.  So we really needed a banner year for agricultural production in both the United States and Europe in 2022, and that is not going to happen.  In fact, unprecedented drought is absolutely devastating crops all over the northern hemisphere.  A lot of people are complaining about how high food prices are right now, but just wait.  If some sort of a miracle doesn’t happen, agricultural production is going to be way below expectations in both the United States and Europe, and that is going to have very serious implications for 2023. (Read More...)

The Price Of Eggs Is Up 47 Percent As Food Costs In The U.S. Spiral Out Of Control

Now they are trying to convince us that dramatically higher prices are good news.  Are you kidding me?  Our standard of living is being systematically destroyed, and more Americans are falling out of the middle class with each passing day.  The government just announced that in July the consumer price index was 8.5 percent higher than it was the previous July.  Of course many have challenged the value of the inflation numbers that the government is giving us because the way inflation is calculated has been changed many times over the years.  As John Williams of shadowstats.com has pointed out, if the rate of inflation was still calculated the way that it was back in 1980 it would be far higher than anything that we experienced during the Jimmy Carter era of the 1970s.  You can spin that any way that you want, but it is still a raging national crisis. (Read More...)

This Is The Real Reason Why They Raided Mar-a-Lago

No matter where you fall on the political spectrum, you should be absolutely horrified by what the FBI just did.  When one political party weaponizes the law in order to crush their main opposition, the legitimacy of the government disappears.  At this point it is clearer than ever that the United States has become a banana republic, and it greatly pains me to say that.  From the time of the Founding Fathers up to today, so many Americans have sacrificed so much for our once great nation.  But now we are the generation that gets to witness the death of the American experiment. (Read More...)

China Just Made A Move That Could Literally Provoke A Major War With The United States

If the Chinese don’t end their blockade of Taiwan, the Biden administration will be under immense pressure to respond.  So let us hope that cooler heads prevail in China and that a decision is soon made to end the pointless “military exercises” that the Chinese are currently conducting.  When the live-fire drills were first announced, we were told that they would last for only four days.  That was supposed to be it.  On Monday, they were supposed to go home.  But that didn’t happen.  Instead, on Monday the Chinese announced that the military exercises in the waters off Taiwan would be extended, and no new end date was given… (Read More...)

A New Survey Has Just Discovered That This Is The Most Pessimistic That Americans Have Been About The Economy Since 2008

Americans haven’t been this negative about the future of the U.S. economy since the financial crisis of 2008.  Of course it isn’t exactly difficult to figure out why this has happened.  A new recession has begun, inflation is wildly out of control, the housing market has started to crash, and more people are falling out of the middle class with each passing day.  So many of the economic trends that I have been documenting in recent years are now really beginning to accelerate, and there isn’t much faith that the Biden administration and our other leaders in Washington will be able to turn things around any time soon. (Read More...)

One Of The Most Tragic Things That I Have Read In A Long Time

Things have never been harder for America’s farmers and ranchers than they are right now.  Their relentless hard work keeps us fed, but now many of them are being financially ruined by forces beyond their control.  Prices for fertilizer, farm equipment and diesel fuel have spiraled to absolutely absurd heights, and meanwhile extremely bizarre weather patterns are making it almost impossible to operate successfully in many parts of the nation.  A lot of farmers and ranchers have already gone out of business, and many more will go out of business in the months ahead unless some sort of a miracle happens. (Read More...)