The Economic Collapse

It is supposed to be hot on the 4th of July, but it isn’t supposed to be this hot. Temperatures will be 20 to 30 degrees above average in much of the eastern half of the country. I warned a few days ago that we were going to experience a “4th of July furnace”, and meteorologists are telling us that hundreds of new records could be established. Unfortunately, this entire summer is going to be extremely hot. The “Godzilla El Niño” that has now begun is going to mean the we will experience unusually hot weather, epic storms and severe droughts in key agricultural areas throughout the second half of this year. And that is really bad news, because it is being projected that the amount of wheat produced in the U.S. this year will be the lowest since 1877. (Read More...)

The crisis in the Strait of Hormuz is not even close to being resolved, and global oil supplies continue to get tighter and tighter. The world has been running an “oil deficit” for months, and we have been able to do that by running down commercial oil inventories and strategic national reserves. There was hope that traffic through the Strait of Hormuz would return to pre-war levels before things got really hairy, but that isn’t happening. In fact, in recent days only about 30 to 40 commercial vessels have been traveling through the Strait each day. Before the war, the average was about 120 to 130 commercial vessels per day. The vast majority of the commercial vessels that have been getting through the Strait have been heading away from the Persian Gulf. Very few are headed into the Persian Gulf for understandable reasons. So once the backlog of commercial vessels that have been trapped in the Persian Gulf is finally eliminated, the level of traffic through the Strait of Hormuz will likely drop to depressingly low levels. (Read More...)

We all knew that this would be coming. In 2026, the rate of AI-related layoffs has greatly accelerated, and that means that large numbers of good paying jobs are suddenly disappearing from the economy. This is occurring when we are already facing one major crisis after another, and so the timing could not be worse. Many young people specifically chose a major in college that would prepare them for positions in the tech industry because those were supposed to be the jobs of the future. Unfortunately, the AI jobs apocalypse is wiping out those jobs the fastest. (Read More...)

How much shaking is it going to take before most of the population starts paying attention? The ground underneath our feet just keeps shaking. Nobody can deny this. As you will see below, there has been a long list of large earthquakes that have hit our planet over the past week, and this is something that I have been writing about a lot in recent days. What we are experiencing is not normal, and many believe that all of this shaking is just a preview of what is to come. (Read More...)

A lot of people out there still don’t realize that we are literally watching World War III play out right in front of our eyes. The war between Russia and Ukraine is already longer than World War I was, and every single ceasefire in the Middle East that has been agreed to since October 7th, 2023 has ultimately collapsed. Just a couple of weeks ago, the world was celebrating because the U.S. had signed a “Memorandum of Understanding” with Iran and we were being told that we were finally going to have permanent peace in the Middle East. So how did that work out? I feel like a broken record when I keep saying that there isn’t going to be peace in the Middle East, but it is the truth. (Read More...)

The Iranians have never wavered from their position that they intend to control traffic through the Strait of Hormuz permanently. They just underscored this point by launching an attack on a cargo vessel near the coast of Oman. During the 60 day negotiation window with the United States, Iran is not charging commercial vessels to pass through the Strait of Hormuz, but they are insisting that coordination with the Iranian military is mandatory. Any travel that does not go through “designated corridors” is strictly prohibited… (Read More...)

The magnitude 5.6 earthquake that just shook portions of three different states should be a huge wake up call for everyone that lives in California. The San Andreas Fault system is locked and loaded, and it is just a matter of time before an absolutely cataclysmic earthquake permanently alters the geography of the state. A day is coming when large portions of Southern California will no longer be above water. I have written about this over and over again, and I have warned about this more times than I can possibly count. Unfortunately, the vast majority of the people that live in the region do not believe that such a disaster will ever happen. (Read More...)

Americans that are over the age of 55 control approximately 73 percent of all wealth in the United States. Americans that are age 55 or younger control just 27 percent of all wealth in the United States. Never before in history has there been a generational divide of this magnitude. One of the reasons why there is such a generational divide is because housing has become so insanely unaffordable. If you purchased a home 20 or 30 years ago, it has appreciated in value a great deal and you are sitting pretty. But many young adults today look at current housing prices and wonder how they will ever be able to buy a home. (Read More...)