The Economic Collapse

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 very soon, farmers all over the nation will be facing financial ruin due to massive financial losses that are already piling up.  This is not a crisis that may or may not arrive someday.  As you will see below, this is a crisis that is already here. (Read More...)

Experts are telling us that the supply chain disruptions that we are facing are likely to be more severe than anything that we witnessed during the last pandemic.  Anyone that believes that we can easily replace 438 billion dollars of imports from China is just being delusional.  There are thousands of products that are made in China that are simply not made anywhere else.  Yes, we will do what we can to mitigate the damage, but there is only so much that we can do.  I just heard from one business owner that has already received numerous price increase notifications from his suppliers.  And apparently there are already hundreds of products on Amazon that have had their prices raised substantially… (Read More...)

If you are going to need anything made in China, I would buy it now while you still can.  Many companies have already decided that it no longer makes any economic sense to import Chinese-made products into the United States because tariff rates are so high.  As a result, there are certain things that will soon no longer be available to U.S. consumers.  On Monday, when I posted an article warning about “empty shelves” in the months ahead, some people thought that I was exaggerating.  But of course the truth is that I was not exaggerating at all.  On Tuesday, the CEOs of Walmart, Target, Home Depot and Lowe’s specifically warned President Trump that store shelves all over the country could “soon be empty” during a meeting at the White House… (Read More...)

Consumer sentiment is plummeting, delinquency rates are rising, and nearly three-quarters of all U.S. consumers admit that they are “financially stressed”.  If U.S. consumers are experiencing this much pain now, what will things look like six months from today if there are empty shelves and widespread shortages?  We witnessed a brief period of severe financial stress during the early days of the last pandemic, but we would have to go all the way back to the Great Recession to find a time that is truly comparable to what we are enduring now.  U.S consumers have been getting hammered for years, and now it appears that our problems are about to go to an entirely new level.  The following are 12 signs that U.S. consumers are experiencing far more financial stress than most people realize… (Read More...)

We are about to find out what happens when thousands of very popular products are suddenly no longer available for sale.  A lot of Amazon shoppers have been shocked to learn that some of their favorite products have already disappeared.  In fact, there are entire stores on Amazon that are now completely gone.  Of course it isn’t just Amazon that is facing an unprecedented crisis.  Walmart, Target, Home Depot and our largest dollar store chains are all going to have to figure out new ways to fill their shelves in the months ahead. (Read More...)

Americans watch more television than anyone else in the world, and as we watch television we are constantly being bombarded by commercials from pharmaceutical companies.  As I discussed in a previous article, pharmaceutical companies spend more than 15 billion dollars on television advertising each year.  The reason they do this is because it works.  We are the most drugged nation in the history of the world, and the pharmaceutical companies are absolutely swimming in cash. (Read More...)

For many years, pundits have been warning us that the U.S. dollar would collapse.  In 2025, it is actually starting to happen.  The U.S. dollar hit a three year low against other global currencies last week, and on Wednesday the crash of the dollar resumed.  Overall, the U.S. dollar is now down about 9 percent over the past 3 months.  The currency that has benefitted the most is the Swiss franc.  The USD/CHF recently hit the lowest level that we have seen in 14 years.  What we are witnessing is literally a bloodbath, and many experts are suggesting that our reserve currency status is now in serious jeopardy. (Read More...)