Why Is There Suddenly An Extremely Severe Shortage Of Workers All Over The World?

The unprecedented employment crisis that we are watching unfold around the globe is so bizarre that it could have been pulled straight out of an episode of the Twilight Zone.  For the very first time in recorded history, there is an extremely severe shortage of workers in nations all over the planet.  When this shortage first started to emerge earlier this year, I thought that it was very strange, because 2020 had been a year when we had seen unemployment absolutely skyrocket in the U.S. and other western nations.  In fact, somewhere around 70 million Americans filed claims for unemployment benefits last year.  Not too long ago we had vast hordes of people that were out of work, and now we are suddenly facing the greatest labor shortage in history? (Read More...)

The Crooks Running The Federal Reserve Have Been Getting High On Their Own Supply

Liquidity injections are like a drug, and the financial markets just can’t get enough of them.  But as they were endlessly juicing the stock market, officials at the Federal Reserve broke one of the cardinal rules of drug dealing.  You never get high on your own supply.  It turns out that quite a few of the big dogs over at the Fed have very large investments which greatly benefitted from all of the cash that the Federal Reserve was endlessly pumping into the marketplace.  If that sounds “extremely corrupt” to you, that is because it is extremely corrupt, and it is another example that shows why the Federal Reserve should be completely abolished. (Read More...)

Where Did All The People Go?

Why are companies all over the world suddenly desperate for workers?  In my entire life I have never seen anything like this.  When the labor shortage started in the United States, a lot of people blamed overly generous government handouts, but that doesn’t explain why the exact same thing is happening in nation after nation all over the globe.  There aren’t enough factory workers, there aren’t enough truck drivers, there aren’t enough port workers, there aren’t enough employees to properly staff our stores, and the shortage of doctors and nurses is becoming a major crisis in some areas.  During normal times, we were always told that the global economy was not producing nearly enough jobs for everyone, but now for the very first time we are facing an enormous worldwide labor shortage.  It is almost as if millions upon millions of people suddenly disappeared from the system. (Read More...)

Polls Show That The American People Are Extremely Angry – And They Are About To Get Even Angrier

This wasn’t supposed to happen.  We were promised that once Joe Biden was in the White House that the tremendous anger that was building up in our country would start to subside, but that obviously is not happening.  In fact, as you will see below, Americans have been getting even angrier.  Needless to say, the stunt that Joe Biden pulled last week is certainly not helping matters.  When he visited Boise on Monday, enormous crowds of extremely angry protesters were waiting for him.  And everywhere I go on social media this week, I am seeing huge explosions of anger.  What in the world is our country going to look like if all of this anger continues to grow? (Read More...)

Why Are Food Prices Going Up So Rapidly?

For a long time I have been warning that global food prices would rise dramatically, and that is precisely what we have witnessed over the past 12 months.  Unfortunately, global wages are not rising nearly as quickly as global food prices are, and so this has pushed millions and millions more people into poverty and hunger.  Here in the United States, nobody is currently in danger of starving to death, but many Americans have been getting a severe case of sticker shock when they go to the grocery store.  Not since the Jimmy Carter era of the 1970s have we seen prices escalate like this, and people are starting to get angry. (Read More...)

Major U.S. Cities Are Becoming Fentanyl-Infested Cesspools As Millions Plunge Into Hopelessness And Despair

If you live near a major U.S. city, you don’t have to go to a movie theater to see a horror show.  Instead, just find out where fentanyl-laced heroin is being sold and go hang out with the drug addicts for a few hours.  If you survive the encounter, it will be an experience that you will never forget.  In city after city, hopelessly addicted men and women wander the streets of our core urban areas like zombies.  Unfortunately, many of them won’t last very long because it is exceptionally easy to die from a fentanyl overdose.  As you will see below, drug overdose deaths in the U.S. were up 30 percent last year, and fentanyl was the main reason. (Read More...)

This Is The Weirdest Employment Market That We Have Ever Seen

Things just continue to get crazier and crazier.  In all of the years that I have been writing about the economy, I have never seen anything like this.  The latest employment report that was released on Friday is being described as a “huge disappointment” because the number of Americans that were hired last month was way, way below expectations.  Employment only rose by 235,000, but economists were expecting a number about triple that size.  Normally when this sort of thing happens it is because of a lack of available jobs.  But that is definitely not the case right now.  There are literally millions upon millions of jobs that are open, but for a variety of reasons people simply don’t want them. (Read More...)

This Is Definitely Going To Be “Not A Normal September” For The Rapidly Imploding U.S. Economy

The “good times” were supposed to be rolling by now, but instead the wheels are starting to come off, and the economic outlook for the rest of the year is not good at all.  Just yesterday, I warned my readers that things were about to get worse, and it only took exactly a single day for that to actually happen.  As you will see below, major factory shutdowns were just announced, and that is going to make shortages even worse.  Fear of COVID is restricting production all over the globe, and meanwhile national governments and central banks have been absolutely flooding their systems with fresh cash.  As a result, we now have way too much money chasing way too few goods and services, and anyone that has taken ECON 101 will tell you that will inevitably result in higher prices and shortages. (Read More...)

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The Economic Collapse