The Economic Collapse

If you think that nothing is happening, then you have not been paying attention.  Within the past 100 hours, there has been a mysterious attack on the Nord Stream gas pipeline system, two monster storms have threatened North America, NASA rammed a spacecraft into an asteroid in order to knock it off course, and our ongoing stock market crash reached a new level when the Dow Jones Industrial Average officially plunged into bear market territory on Monday.  I would say that is a pretty active 100 hours, but of course this is just the beginning.  I believe that global events will continue to accelerate during the months ahead, but meanwhile most of the general population is still assuming that things will eventually “return to normal” somehow. (Read More...)

If you love to cook, this upcoming Thanksgiving may be a real challenge for you.  Thanks to a resurgence of the bird flu, supplies of turkey are getting tighter and tighter.  Sadly, the same thing is true for eggs.  And as you will see below, reduced milk production is sending the price of butter into the stratosphere.  Thanks to soaring prices, a traditional Thanksgiving dinner will be out of reach for millions of American families this year, and that is extremely unfortunate.  Of course all of this is happening in the context of a horrific global food crisis that is getting worse with each passing day.  Yes, things are bad now, but they will be significantly worse this time next year. (Read More...)

They know exactly what they are doing.  The “experts” that run the Federal Reserve know that if they dramatically hike interest rates it will cause countless American workers to lose their jobs and it will absolutely crush the housing market.  And even though those two things are already starting to happen, they just announced another massive rate hike.  If there was a school for central bankers, one of the very first things that they would teach you is that you should never, ever raise rates as an economy is plunging into a recession.  Every Fed official knows what has happened in the past when rates have been hiked at the beginning of an economic slowdown, but they are doing it anyway.  To call this “economic malpractice” would be a major understatement, and the American people should be deeply alarmed about what they are doing to us. (Read More...)

Things are starting to get really crazy in Germany.  The Germans are dealing with the worst inflation crisis that they have seen since the days of the Weimar Republic, and meanwhile economic activity is starting to shut down all over the nation.  Of course other European countries are facing similar problems, but Germany was supposed to be the economic rock that the rest of Europe could always depend upon.  Unfortunately, the decision by the Russians to cut off the flow of gas through the Nord Stream 1 pipeline is hitting Germany extremely hard.  If we could just get both sides to agree to end the war in Ukraine, that would greatly help matters, but that simply isn’t going to happen.  In fact, it appears that Vladimir Putin has decided to greatly escalate matters, and the western powers will inevitably greatly escalate matters in response.  What this means is that the economic turmoil that we are witnessing in Europe isn’t going anywhere any time soon. (Read More...)

Just over the past few days, our planet has been hit over and over again by major natural disasters.  So why is this happening?  At this moment, we are reaching the end of a summer that many of us will remember for a long time to come.  The western United States, Europe and China are all in the midst of the worst droughts that they have experienced in centuries, and meanwhile relentless flooding has absolutely devastated other areas.  For example, unprecedented flooding resulted in a third of the entire nation of Pakistan being under water for an extended period of time.  We could definitely use a break, but instead the past few days have brought us an extremely alarming series of historic disasters.  For example, the western coast of Mexico was just hit by an extremely powerful magnitude 7.6 earthquake… (Read More...)

Do they know something that they aren’t telling us?  As you will see below, Walmart, Target and other major U.S. retailers are literally canceling billions of dollars in orders ahead of the coming holiday season.  I have never heard of such a thing happening before, and under normal conditions it wouldn’t make any sense at all.  The holiday season is typically the busiest time of the year for retailers, and at this time in 2021 there was actually a great deal of concern that there wouldn’t be enough inventory due to global supply chain problems.  But now everything has changed.  All of a sudden major retailers are feverishly canceling orders, and this would only make sense if a severe economic downturn was imminent. (Read More...)

This didn’t have to happen.  The reckless behavior of the Federal Reserve and our politicians in Washington created a horrifying inflation spiral, and now the Fed is feverishly raising interest rates in a desperate attempt to get inflation back under control.  But everyone knows that rapidly raising rates is going to absolutely crush the housing market.  When the Federal Reserve hikes interest rates, that puts upward pressure on mortgage rates.  And as mortgage rates go higher, more and more potential homebuyers will be forced on to the sidelines.  With fewer potential homebuyers in the market, that will put downward pressure on home prices.  This is basic stuff that you would learn in an ECON 101 class, but Fed officials can’t seem to understand that what they are doing is going to be extremely destructive to the U.S. economy as a whole. (Read More...)

I can’t understand why anyone would still want to live in California.  Yes, there are lots of high paying jobs and the weather is very nice, but crime is completely and utterly out of control.  As you will see below, a new report that has just been issued is warning that violence in the state has now reached “epidemic” levels.  The police are doing what they can to try to contain the violence, but at this point they are vastly outnumbered by the predators.  Sadly, this is the end result of literally decades of cultural rot, and what is happening in California is going to happen to the rest of the nation if we do not take urgent action to turn things around. (Read More...)