The Economic Collapse

Those at the top of the economic food chain just don’t get it. They are mystified by surveys that show that most Americans are deeply upset about the state of the U.S. economy. Since their stock portfolios are doing really well and the official numbers that the government has been giving us look fine they just assume that the general public’s perception of the economy must not be accurate. But the truth is that it is their perception of the economy that is not accurate. (Read More...)

It has begun. Hundreds of gas stations all over France are reporting that they are out of at least one type of fuel, and there are quite a few nations in Asia that are now imposing very strict measures in order to conserve energy. I have no idea why this isn’t making more news here in the United States. Maybe the big news outlets don’t think that there is any way that this could ever happen here. Or maybe there is a coordinated effort to keep the public calm. I don’t know. But without a doubt, this is a very big deal. (Read More...)

The Great Middle East War is poised to escalate to an entirely new level, and that could have huge implications for the entire planet. Diesel prices are already spiraling out of control, and strict energy rationing measures are already being implemented in impoverished nations such as Pakistan. Unfortunately, it appears that another round of fighting could be about to erupt in the Middle East. Within the past 24 hours, there have been a lot of rumors that the alert level for the Iranian military has been raised to the highest level possible. According to a major Iranian news agency, these rumors are accurate… (Read More...)

The European Union has a population that is larger than the United States, it has the second largest economy in the entire world, and now it wants Canada. Of course any form of membership in the EU will involve giving up at least some sovereignty to the bureaucrats in Brussels. Is Canada really this stupid? The EU likes to dangle the carrot of economic prosperity to tempt prospective members to agree to entangle themselves in their tyrannical web. Of course once you are locked in, it will be exceedingly difficult to ever get out. (Read More...)

For months, we were told that this moment was approaching. At first a lot of people didn’t want to believe it, and those that were sounding the alarm were mocked. But now even the mainstream media is being forced to admit the truth. When the war with Iran began, the world was sitting on vast stockpiles of oil that we could chew through to keep the global economy operating normally. Unfortunately, those stockpiles have rapidly dissipated and the conflicts on the other side of the planet are intensifying. As a result, we now find ourselves in unprecedented territory. (Read More...)

We were warned that a diesel shortage would be coming. According to the president of the United States, it is already here. That is really bad news, because so much of our economic infrastructure runs on diesel. Most of our trucks, most of our trains and most of our tractors use diesel. More than 70 percent of all commercial goods are transported by vehicles that are powered by diesel. As the price of diesel surges even deeper into record territory, just about everything else is going to become more expensive too. But the real crisis will come when we start to see widespread shortages and rationing all over the globe. (Read More...)

What is happening on the other side of the world is starting to have a very real impact on the daily lives of millions of Americans. The chaos in the Middle East and the rapidly escalating war in Ukraine are driving up oil prices. As a result, the average price of a gallon of gasoline in the United States has never been so high this late in the calendar year, and the average price of diesel just keeps surging even deeper into record territory. Of course higher prices are only part of the story. Global supplies have gotten so tight, and so it was inevitable that shortages and rationing would begin to occur. Earlier today, I was shocked to learn that Costco is now rationing motor oil… (Read More...)

We just witnessed one of the biggest military developments in the Middle East in months. It is being reported that a major ground offensive by the Houthis has enabled them to take control of the port city of Mocha right on the coast of the Red Sea, Zuqar Island and the rest of the Hanish island chain, and Mayun Island which is located in the Bab el-Mandeb Strait at the south entrance into the Red Sea. This is being called a “strategic disaster” for the United States and Saudi Arabia, because it will give the Houthis an iron grip on the Bab el-Mandeb Strait. Needless to say, investors were spooked by this news. Yesterday we were talking about how Brent crude had suddenly risen to $100 a barrel, but today it shot up to $107 a barrel. West Texas crude is up to $102 a barrel, and that is really freaking people out. Unfortunately, there is no end in sight for this crisis. (Read More...)