Why Are Hordes Of Wealthy People Hitting The Escape Button And Heading To Montana?

Why have thousands upon thousands of very wealthy people suddenly felt an overwhelming urge to buy a home in Montana?  At this moment, Montana is one of the hottest real estate markets in the entire country.  When a desirable house is put on the market, it can often spark a wild bidding war.  Of course the vast majority of the potential buyers involved in these bidding wars do not actually have any roots in Montana at all.  Vast hordes of wealthy individuals from Los Angeles, San Francisco, New York and other major cities are flooding into the state, and there is only a limited amount of housing to accommodate them.  As a result, home prices are being pushed to absolutely absurd levels. (Read More...)

Inflation Is Starting To Get Really Crazy – And It Is Worse Than You Think

Inflation is making headlines all over the country, but the mainstream media is not being honest about the true severity of the crisis.  We are being told that the official rate of inflation is still in single digits, but what we aren’t being told is that the way inflation is calculated has changed dramatically over the years.  In fact, according to Forbes “the government has changed the way it calculates inflation more than 20 times” over the past 30 years.  The rate of inflation directly affects so many other things in our system, and the government would like to keep that number as low as possible.  So they tinkered and tinkered with the formula until they got it just where they wanted it. (Read More...)

Ranchers Sell Off Cattle And Farmers Idle Hundreds Of Thousands Of Acres As America’s Drought Emergency Escalates

In my entire lifetime, this is the worst that drought conditions have ever been in the western half of the country.  During the past 20 years, the amount of territory in the West considered to be suffering from exceptional drought has never gone higher than 11 percent until now.  Today, that number is sitting at 27 percent.  The term “mega-drought” is being thrown around a lot these days to describe what is happening, but this isn’t just a drought.  This is a true national emergency, and it is really starting to affect our food supply. (Read More...)

5 Signs That America’s Raging Inflation Crisis Is Accelerating

The pace at which conditions are changing is catching a lot of people off guard.  Here in the United States, we have been in a low inflation environment for most of the past four decades, and so many Americans don’t even have a frame of reference for what a highly inflationary environment looks like.  But now we are facing an inflation crisis that is unlike anything that we have seen since the Jimmy Carter era in the 1970s.  In response to the COVID pandemic, governments around the world have been borrowing and spending colossal mountains of money, and global central banks have been absolutely flooding their respective financial systems with new cash.  These measures were taken to stimulate the worldwide economy, but in the process a horrific inflation monster has been created, and it will not be tamed easily.  In fact, national governments and global central banks continue to do the very same things that created the horrific inflation monster in the first place. (Read More...)

Outsourcing The Production Of Virtually Everything Has Brought Us To The Brink Of A Nightmare Scenario For The U.S. Economy

Many of the imbalances that are contributing to the nightmarish shortages that we are currently witnessing are not going to be solved any time soon.  Ever since I started The Economic Collapse Blog, I have been warning that outsourcing the production of just about everything and running massive trade deficits year after year would eventually have very serious consequences down the road.  Well, now we are officially “down the road”, and our incredibly foolish trade policies have put us in a very precarious position.  During the “good times”, being extremely dependent on the rest of the world to make stuff for us wasn’t a problem, but now it is rapidly becoming a national security issue. (Read More...)

The United Nations Is Sounding The Alarm About The Dramatic Increase In Global Food Prices

Conditions are heading in the direction that we have been anticipating, and that is not good news at all.  Food prices are rising at a very alarming rate, and at this point even the United Nations is sounding the alarm.  Most of my readers remember the global food riots that we witnessed in 2008 and 2011, and if conditions continue to deteriorate we could soon be facing something even worse.  Of course this crisis has not emerged out of a vacuum.  We struggle to feed the entire world even in the best of years, and for a very long time I have been warning that we would eventually be facing extremely painful food prices and serious shortages of food in the poorer areas of the planet.  But those running things just kept assuring us that everything would work out just fine somehow. (Read More...)

As Trust In The Government Erodes, Many Americans Are Discovering That It Is TOO LATE To Fully Implement Their Backup Plans

Never put anything in an email that you do not want the entire world to see.  Unfortunately, Dr. Tony Fauci is learning that lesson the hard way.  Throughout the course of this pandemic, the mainstream media has been heralding Fauci as a voice of reason that we should trust without hesitation.  He came to be regarded as the ultimate authority on all questions related to COVID, and social media companies banned countless users that dared to suggest that he might be wrong about certain things.  Well, now everything is going to change.  Thanks to thousands of Fauci emails that have been obtained via a Freedom of Information Act request, we have discovered that Fauci was lying to all of us over and over again.  During his opening monologue on Wednesday night, Tucker Carlson actually used the phrase “utter fraudulence” to describe Fauci and his lies… (Read More...)

Go To The Stores And Stock Up Now Because Things Are About To Get Really Crazy

If there are things that you need to stock up on, you should do it right away.  For weeks, I have been writing articles about the rampant inflation that we are witnessing right now.  We haven’t seen anything like this since the Jimmy Carter era of the 1970s, and many are warning that it is going to get even worse in the months ahead.  So that means that prices are never going to be lower than they are at this moment.  Even more importantly, we are also being warned that the widespread shortages in our economy are about to get even worse.  In fact, the largest meatpacker in the entire world was just hit by a cyberattack, and this has forced it to stop activity “at its plants in several U.S. states”(Read More...)