The Economic Collapse

One of the reasons why the federal government is 40 trillion dollars in debt is because there is an almost unbelievable amount of fraud in our system. When we talk about crime in America, most of the time we focus on the violent thugs terrorizing our streets, but the truth is that they are small-time criminals. The big-time criminals are those that are raking in millions of dollars by stealing from the government. Medicare and Medicaid are considered to be the two largest victims. It has been estimated that Medicare fraud costs U.S. taxpayers up to $80 billion a year, and it has been estimated that Medicaid fraud costs U.S. taxpayers up to $100 billion a year. We are hemorrhaging money like crazy because of all of this fraud, and there is no end in sight. (Read More...)

A historic economic meltdown appears to be percolating. As the price of diesel spikes, that is going to put pressure on the cost of just about everything else. And considering the fact that Canada is our largest trade partner, slapping a 50 percent tariff on all Canadian goods is not going to help our cost of living crisis either. Meanwhile, the U.S. economy is bleeding jobs and the number of Americans that are filing for bankruptcy has risen to a very frightening level. It is starting to look a lot like 2008 all over again, and that is not a good thing at all. (Read More...)

We all knew that this was coming. For ages, people like me have been ranting that we would be facing a financial nightmare if we didn’t get the national debt under control. Of course most of the population didn’t want to listen, and they just kept sending big spenders back to Washington. Now we are 40 trillion dollars in debt and we are spending well over a trillion dollars a year just in interest on that debt. Nobody can deny that we have reached a stage where our debt spiral is totally out of control. The federal budget deficit for the month of July was 432 billion dollars. Interest on the national debt for the month of July was 118 billion dollars. Now Treasury yields are spiking as investors become hesitant to buy more of our debt. Borrowing costs are rising to very alarming levels, and we are in far more trouble than most people realize. (Read More...)

A multi-year cattle shortage has pushed the price of beef into very painful territory. In fact, in some areas of the country the price of ground beef now exceeds the federal minimum wage. This is the first time in U.S. history that this has ever happened. At the start of 2026, there were only 86.2 million head of cattle and calves in the United States. That is the smallest the national herd has been since 1951. Just think about that for a moment. This is an enormous problem because in 1951 there were 154 million people living in this nation, but there are 342 million people living in this nation today. (Read More...)

We are facing a global energy crisis, a global debt crisis and a global inflation crisis all at the same time. In all my years, I have never seen anything like this. Two of China’s largest shipping companies just decided to stop sending their oil tankers through the Strait of Hormuz and the Bab el-Mandeb Strait. Meanwhile, diesel prices are heading into the stratosphere with no end in sight. Supplies of diesel fuel are going to get so tight during the months ahead. At the same time, bond yields are surging as the global debt crisis escalates. The U.S. national debt is about to hit 40 trillion dollars and the debt to GDP ratio in Japan is nearing 250 percent. We are caught in a global debt spiral that is out of control, and inflation has become a major issue all over the planet. Anyone that thinks that there is an easy answer to all of these problems is just being delusional. (Read More...)

The world is barreling toward a historic energy crunch that will be unlike anything that we have ever seen before. When fighting with Iran erupted earlier this year, the global economy was absolutely swimming in oil. We literally had far more oil than we needed, but now commercial inventories have gotten extremely tight and national reserves are alarmingly low. If the Strait of Hormuz does not get reopened soon, we will quickly enter an immensely painful chapter of the global energy crisis. Energy prices will shoot way up and shortages will start to become a major issue.  In fact, a global scramble for supplies of diesel fuel has already begun. (Read More...)

For months, the U.S. has been getting pummeled by one major disaster after another, and the past few days have been absolutely insane. Hurricane Lala just dumped more than two feet of rain in some parts of Hawaii, we are witnessing the worst flooding in the entire modern history of Indiana, the endless drought in the Southwest has caused Lake Powell to drop to the lowest level ever recorded, and an absolutely massive heat dome is going to make it feel like it is over 110 degrees in many cities in the Southeast on Monday. If it was just one disastrous week, we could write this off as bad luck. But it hasn’t just been one disastrous week. In fact, we have been experiencing a nightmarish string of natural disasters that stretches all the way back to 2024. So why is this happening to us? (Read More...)

We have experienced one natural disaster after another in 2026, and this week has been particularly crazy. The facts that I am about to share with you are absolutely insane. This weekend, the heat index could reach 115 degrees in some areas of the Southeast. A 1-in-1,000 year rainfall event has produced catastrophic flooding in the Midwest. By the end of this year, the state of Illinois could experience more tornadoes than any state ever has in the entire history of our country. On top of everything else, wildfires have now burned portions of every single national park in the state of Washington. Our weather patterns have not even been close to normal, but most of you already knew that. (Read More...)