11 Signs That The Slow-Motion Collapse Of The U.S. Economy Is Far More Advanced Than Most People Think

The fact that economic conditions are getting worse is certainly not good news, but it is better to know in advance what is coming.  After four years under Joe Biden, the U.S. economy is a giant mess.  We have been witnessing a slow-motion collapse right in front of our eyes, and those at the bottom levels of the economic food chain have been experiencing more pain than anyone else.  Of course this is one of the biggest reasons why Donald Trump won the election.  Large numbers of poor and working class Americans are desperate for change.  Unfortunately, economic conditions have continued to deteriorate since early November.  The following are 11 signs that the slow-motion collapse of the U.S. economy is far more advanced than most people think…

#1 When the economy is in good shape, holiday spending increases each year.  In 2024, only 16 percent of Americans say that they are going to spend more than last year and 35 percent of Americans say that they are going to spend less…

Americans this holiday season say they are seeing a ghost of Christmas past: inflation.

The CNBC All-America Economic Survey finds inflation is still haunting the buying public, leading to what’s shaping up to be just an average season for retailers. Just 16% of respondents say they will spend more, down two points compared to last year. Forty-eight percent said that they’ll lay out the same amount for holiday gifts, up five points. At the same time, 35% say they’ll spend less, down two points as well.

#2 The number of job openings in the U.S. is now the lowest it has been since January 2021, but unlike January 2021 we don’t have a pandemic to blame our poor performance on…

US job openings tumbled last month to their lowest level since January 2021, a sign that the labor market is losing some momentum. Still, posted vacancies remain well above pre-pandemic levels.

The Labor Department reported Tuesday that the number of job openings dropped to 7.4 million in September from 7.9 million in August.

Economists had expected the level of openings to be virtually unchanged. Job openings fell in particular at healthcare companies and at government agencies at the federal, state and local levels.

#3 The manufacturing numbers that we are getting are extremely dismal.  For example, the Philadelphia Federal Reserve Manufacturing Index just experienced an extremely sharp decline

The Philadelphia Federal Reserve Manufacturing Index, a critical gauge of the general business conditions in Philadelphia, has reported a significant drop. The actual figure stands at -16.4, a sharp decline that suggests worsening conditions for manufacturers in the region.

This figure starkly contrasts with the forecasted number of 2.9, highlighting a more severe downturn than initially predicted. Analysts had anticipated a positive shift, indicating improving conditions, but the actual data presents a different, more concerning situation.

Moreover, when compared to the previous index value of -5.5, the current reading of -16.4 further emphasizes the severity of the decline. This continuous drop indicates a concerning trend for manufacturers within the Philadelphia Federal Reserve district.

#4 Thanks to rapidly rising mortgage rates, the average U.S. homebuyer just lost $33,250 in purchasing power in just six weeks…

Mortgage rates hit 7% on October 28, the highest level since the start of summer and up nearly one percentage point from the 18-month low they dropped to in mid-September.

A homebuyer on a $3,000 monthly budget can afford a $442,500 home with a 7% mortgage rate, the daily average 30-year fixed rate on October 28. That buyer has lost $33,250 in purchasing power over the last six weeks; they could have purchased a $475,750 home with the 6.11% average rate on September 17. That was the lowest level since February 2023.

#5 Our cost of living crisis is officially out of control.  According to Bank of America, almost a third of all households “spend more than 95% of their disposable income on necessities such as housing costs, groceries and utility bills”…

Many Americans are still in a tough spot: Nearly 30% of all US households this year said they spend more than 95% of their disposable income on necessities such as housing costs, groceries and utility bills, according to a Bank of America Institute report, up from 2019 levels.

#6 A recent Lending Tree survey discovered that nearly a quarter of all households couldn’t pay their entire power bill at some point within the past year…

LendingTree’s findings about electricity bill costs comes as it reported 23.4% of Americans experienced an inability to cover their entire energy bill or portions of it in the last year, based on Census Bureau Household Pulse Survey data.

#7 The same Lending Tree survey found that about a third of all households had to reduce spending “on necessary things” within the past year in order to pay utility costs…

Needing to cover utility bills prompted 34.3% of Americans to curb their spending on necessary things – or eliminate some altogether – in at least one instance in the prior year, LendingTree said.

#8 As I discussed last week, demand is at record levels at food banks all over the nation…

Why is demand at food banks all over the country higher than it has ever been before?  The media keeps insisting that economic conditions are just fine, but it has become quite obvious to everyone that this is not true.  In particular, the rising cost of living has been absolutely crushing households from coast to coast.  In the old days, most of the people that would show up at food banks were unemployed.  But now food banks are serving large numbers of people that actually do have jobs but that don’t make enough to pay for all of the basics.  The ranks of the “working poor” are growing very rapidly, and this is creating an unprecedented crisis all over America.

#9 During normal times, troubled retailers would at least wait until after the holiday season to throw in the towel.  But we haven’t even reached Christmas and Party City has already announced that it will be closing all stores…

Party City is closing down all of its stores, ending nearly 40 years in business, CNN has learned.

CEO Barry Litwin told corporate employees Friday in a meeting viewed by CNN that Party City is “winding down” operations immediately and that today will be their last day of employment. Staff were told they will not receive severance pay, and they were told their benefits would end as the company goes out of business.

#10 Not to be outdone, Big Lots has announced that all 936 of their remaining stores will be shutting down on a permanent basis…

Big Lots is beginning ‘going out of business’ sales at all its stores across the US, as it prepares to close its remaining locations.

The discount retail chain filed for Chapter 11 bankruptcy in September, and has already shut hundreds of stores nationwide.

In a press release Thursday, the company said it would begin the sales at its 963 remaining locations, after a sale to a private equity firm fell through.

#11 As of the end of November, more than 7,000 store closings had been announced in the United States.  That is a 69 percent increase from last year…

According to a report from CoreSight Research, U.S. retailers had announced more than 7,100 store closures through the end of November 2024, which represents a 69% increase compared to the same time in 2023. These closures are spread across numerous different sectors of retail from auto parts to restaurants to pharmacies, leaving many consumers wondering which companies will survive. This brings us to GameStop, the beloved retail gaming store, which has not only been closing hundreds of retail store locations since 2020, but also appears to be on track to close hundreds more of its locations in the very near future.

This is what a failing economy looks like.

Last week, a prominent mall in downtown San Francisco was empty of shoppers in the middle of the afternoon

Look at all of these beautiful Christmas decorations at the Crocker Galleria mall in San Francisco. It’s 4:47 PM and everybody should be shopping and buying Christmas presents for their family, but nobody is in this mall.

There are only three stores left that are open here. The escalators hum on inside this beautiful but empty decorated mall.

Outside on Market Street the fentanyl addicts lay folded over while a street performer sings Last Christmas to an empty Street.

Of course the lack of shoppers at that particular mall is just the tip of the iceberg.

Unfortunately, the truth is that downtown areas all over California “are crumbling under the weight of homelessness and drug addiction”

California’s biggest downtown areas are crumbling under the weight of homelessness and drug addiction, causing a vital part of its economy to dry out.

Cities like Los Angeles and San Francisco have made countless headlines since the pandemic about their drug-infested streets where businesses are quickly pulling out due to high crime rates and low consumer passage.

The number of drug addicts in America is at the highest level ever.

The number of homeless people in America is at the highest level ever.

They are victims of our slow-motion economic collapse, and the holidays will not be very happy for them.

So if you still have food on the table and a warm home to sleep in, you should consider yourself to be incredibly blessed.

Sadly, more Americans are being forced out into the streets with each passing day as the slow-motion collapse of our economy accelerates.

Michael’s new book entitled “Why” is available in paperback and for the Kindle on Amazon.com, and you can subscribe to his Substack newsletter at michaeltsnyder.substack.com.

About the Author: Michael Snyder’s new book entitled “Why” is available in paperback and for the Kindle on Amazon.com. He has also written eight other books that are available on Amazon.com including “Chaos”“End Times”“7 Year Apocalypse”“Lost Prophecies Of The Future Of America”“The Beginning Of The End”, and “Living A Life That Really Matters”.  When you purchase any of Michael’s books you help to support the work that he is doing.  You can also get his articles by email as soon as he publishes them by subscribing to his Substack newsletter.  Michael has published thousands of articles on The Economic Collapse BlogEnd Of The American Dream and The Most Important News, and he always freely and happily allows others to republish those articles on their own websites.  These are such troubled times, and people need hope.  John 3:16 tells us about the hope that God has given us through Jesus Christ: “For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life.”  If you have not already done so, we strongly urge you to invite Jesus Christ to be your Lord and Savior today.

Get prepared for what is ahead by visiting some of our sponsors…

The Jase Case is more than an emergency medication supply. The right meds the moment you need them: https://shorturl.at/gMpOj

Protect your home and vehicle with EMP Shield: https://shorturl.at/Hh2oz

Ready Hour Emergency Food: https://shorturl.at/RB6ul

My Patriot Supply: https://shorturl.at/GhppY

InstaFire: https://shorturl.at/brRN1

AlexaPure: https://shorturl.at/CH23z

Operation Blackout: https://eflow.americablackout.com/2964TZB/7XDN2/

Exodus Effect: https://trk.exodusrevealed.com/2964TZB/225JFQ/

Final Famine: https://trk.finaleagainstfamine.com/2964TZB/BP658/

Genesis Code: https://trk.discovergenesiscode.com/2964TZB/M2GJW/

Final Blackout: https://trk.borderdatareport.com/2964TZB/2N721M/

Last Blackout: https://trk.last-blackout.com/2964TZB/2J2CRS/

The American People Voted For DOGE, But They Are Getting PORK Instead…

The Swamp does not intend to go quietly into the night.  Just last month, the American people elected Donald Trump, and Trump received tremendous praise for appointing Elon Musk and Vivek Ramaswamy to head up a “Department of Government Efficiency” which will attempt to greatly reduce government waste.  Even many on the left are excited to see what Elon Musk and Vivek Ramaswamy can do once Trump takes office.  But for the moment, it is business as usual in Washington, and our Congress critters are poised to substantially increase government spending and government waste.  House Speaker Mike Johnson is pushing a 1,547 page “continuing resolution” that is absolutely loaded with pork.  Johnson personally negotiated this deal with the Democrats, and ultimately he gave the Democrats almost everything that they wanted.  Needless to say, a lot of Republican members of Congress are very upset about this

Republicans are bristling at Speaker Mike Johnson (R-LA) over the 1,547-page spending deal released mere days ahead of the deadline, full of pork and disappointment.

The continuing resolution (CR) released Tuesday night — negotiated on the GOP side by Johnson — includes tens of billions of dollars in waste and includes funding for controversial items, including a pay raise for members of Congress as well as a one-year extension of the State Department’s Global Engagement Center (GEC), which funds organizations that censor conservative media including Breitbart News.

On a personal level, Mike Johnson seems like a very nice guy.

In fact, he is the kind of guy that you might want to have next door as a neighbor.

But he simply does not have what it takes to negotiate with Chuckie Schumer.

There have been a lot of really bad spending bills that have been pushed through Congress in recent years, but this is one of the worst.

After seeing this bill, Elon Musk warned that any member of Congress that votes for it could soon be voted out

Billionaire Musk, who is heading up Trump’s DOGE agency with Vivek Ramaswamy, is leading the charge to slap down the bill he calls a ‘piece of pork.’

He went so far as to threaten any Republican who votes for the measure, saying they’ll be fired from Congress next election.

‘Any member of the House or Senate who votes for this outrageous spending bill deserves to be voted out in 2 years!’

Wouldn’t it be wonderful if the American people started holding members of Congress that endlessly waste our money accountable?

I would love to see that.

Musk was particular horrified that this bill would raise congressional salaries by about 40 percent

But Musk is taking issue with a provision to bump up members of Congress’ pay from $174,000 – a level set in 2009 – to $243,300 per year and other measures.

‘How can this be called a ‘continuing resolution’ if it includes a 40 percent pay increase for Congress?’ he questioned.

Considering how much the rest of the country is suffering right now, do our members of Congress really deserve a 40 percent pay hike?

Of course not.

If they want to be “public servants”, we should pay them like servants.

It is sickening that these fat cats will be paid $243,000 a year while hard working Americans are spending hours in line at food banks all over the nation.

Thankfully, there are some members of Congress that are standing up against this bill.  One of them is U.S. Representative Eric Burlison

“It’s a total dumpster fire. I think it’s garbage,” said Rep. Eric Burlison (R-Mo.), a member of the conservative House Freedom Caucus. “This is what Washington, D.C., has done. This is why I ran for Congress, to try to stop this. And sadly, this is happening again.”

“We get this negotiated crap, and we’re forced to eat this crap sandwich,” echoed Rep. Chip Roy (R-Texas), another Freedom Caucus member. “Why? Because freaking Christmas is right around the corner. It’s the same dang thing every year. Legislate by crisis, legislate by calendar. Not legislate because it’s the right thing to do.”

Every year, our Congress critters love to push through legislation while most of the population is distracted by the holidays.

Why do we need this bill anyway?

Why can’t we just send the government on “vacation” for about a month until Trump is inaugurated?

Once Trump gets in, his people will hopefully be able to negotiate a much better spending deal.

It will be very interesting to see how the vote on this bill goes.  At this point, many Republicans are pledging to vote against it.

In particular, I really like how U.S. Representative Paul Gosar announced his opposition to the bill

‘Twas three days before the gov’t shutdown
And I’m at my desk
On page 54 of this 1,547 page mess.
The CR is garbage
Chocked full of carnage.
I’ll be a hard no
I won’t stoop that low.

I couldn’t have said it better myself.

After what has just transpired, I don’t see how Mike Johnson can possibly keep his job.

But he insists that he is “not worried”

Johnson, though, said he is “not worried” about getting the support he needs to keep the gavel next year, adding he “certainly hope[s] and am working towards the majority of the majority” of the GOP conference supporting the CR.

“We’re governing. Everybody knows we have difficult circumstances. We’re doing the very best we can under those circumstances,” Johnson said.

When Barack Obama entered the White House, the national debt had just crossed the 10 trillion dollar mark.

Now we are 36 trillion dollars in debt, and this fiscal year is off to record start as far as piling up new debt is concerned.

The madness has got to stop.

We are literally committing national suicide, and even though our politicians fully understand this, they just can’t help themselves because they are completely and utterly addicted to spending.

The American people voted for DOGE, but they are getting PORK instead.

Our federal government is deeply broken, and we continue to add more than 200 million dollars to the national debt every single hour of every single day.

Michael’s new book entitled “Why” is available in paperback and for the Kindle on Amazon.com, and you can subscribe to his Substack newsletter at michaeltsnyder.substack.com.

About the Author: Michael Snyder’s new book entitled “Why” is available in paperback and for the Kindle on Amazon.com. He has also written eight other books that are available on Amazon.com including “Chaos”“End Times”“7 Year Apocalypse”“Lost Prophecies Of The Future Of America”“The Beginning Of The End”, and “Living A Life That Really Matters”.  When you purchase any of Michael’s books you help to support the work that he is doing.  You can also get his articles by email as soon as he publishes them by subscribing to his Substack newsletter.  Michael has published thousands of articles on The Economic Collapse BlogEnd Of The American Dream and The Most Important News, and he always freely and happily allows others to republish those articles on their own websites.  These are such troubled times, and people need hope.  John 3:16 tells us about the hope that God has given us through Jesus Christ: “For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life.”  If you have not already done so, we strongly urge you to invite Jesus Christ to be your Lord and Savior today.

Get prepared for what is ahead by visiting some of our sponsors…

The Jase Case is more than an emergency medication supply. The right meds the moment you need them: https://shorturl.at/gMpOj

Protect your home and  vehicle with EMP Shield: https://shorturl.at/Hh2oz

Ready Hour Emergency Food: https://shorturl.at/RB6ul

My Patriot Supply: https://shorturl.at/GhppY

InstaFire: https://shorturl.at/brRN1

AlexaPure: https://shorturl.at/CH23z

Operation Blackout: https://eflow.americablackout.com/2964TZB/7XDN2/

Exodus Effect: https://trk.exodusrevealed.com/2964TZB/225JFQ/

Final Famine: https://trk.finaleagainstfamine.com/2964TZB/BP658/

Genesis Code: https://trk.discovergenesiscode.com/2964TZB/M2GJW/

Final Blackout: https://trk.borderdatareport.com/2964TZB/2N721M/

Last Blackout: https://trk.last-blackout.com/2964TZB/2J2CRS/

Demand At Food Banks Has Soared To Record Levels All Over The United States

Why is demand at food banks all over the country higher than it has ever been before?  The media keeps insisting that economic conditions are just fine, but it has become quite obvious to everyone that this is not true.  In particular, the rising cost of living has been absolutely crushing households from coast to coast.  In the old days, most of the people that would show up at food banks were unemployed.  But now food banks are serving large numbers of people that actually do have jobs but that don’t make enough to pay for all of the basics.  The ranks of the “working poor” are growing very rapidly, and this is creating an unprecedented crisis all over America.

Perhaps you think that I am exaggerating.

Let me share some specific examples that will prove that I am not.

In Pennsylvania, the Greater Pittsburgh Community Food Bank saw “its highest need on record this past year”

A new report shows the Greater Pittsburgh Community Food Bank saw its highest need on record this past year. It comes as we mark Hunger Action Month across the country.

Toi Payne of Pittsburgh’s Allentown neighborhood gets emotional thinking about how the Greater Pittsburgh Community Food Bank in Duquesne and other local pantries have been lifesavers for her for the past 30 years.

“We need these places,” Payne said. “Without the food banks, I think a lot of people would be struggling even more, you know, and it helps like the elderly and people like me that’s on disability.”

We are also seeing record demand in Montana

North Valley Food Bank in Whitefish served 613 families a Thanksgiving meal – a record high.

They anticipate more than 1,000 food bank customers for their Christmas holiday distribution on December 18-19.

“Year round here we’re feeding over a 1,000 of our neighbors every week and the need goes up during the holiday season,” said North Valley Food Bank Director of Development Mandy Gerth.

And in the San Francisco area

This holiday season, food banks say they’re facing greater need than ever before. In Silicon Valley, they say 1 in 6 people are coming in for food assistance. In San Francisco, that number is 1 in 5. But the organizations say donations are not keeping up with demand.

For all the food banks, December is a big month. Both in terms of need, and in terms of fundraising. And they say what happens now will impact the entire year ahead.

In some parts of the nation, food banks are absolutely shattering all of the old records.

At one location in New Jersey, demand has actually “quadrupled” since the peak of the pandemic…

Food banks across the Garden State are struggling to keep up with rising demand that may soon outpace donations.
At the Salvation Army’s Kroc Community Center in Camden, requests for services have quadrupled since the height of the pandemic, according to a spokesperson.

They keep telling us that everything is fine.

They keep telling us that there is no reason to be concerned.

But in some areas of the country demand at food banks is now four times higher than it was during the worst moments of the pandemic.

Wake up.

They aren’t telling you the truth.

In St. Louis, some people actually had to wait in line for eight hours just to receive a free Thanksgiving meal…

That high demand is felt all over the state. In St. Louis, people waited eight hours to get a free Thanksgiving meal from the Urban League.

This isn’t normal.

Poverty is rapidly growing all around us.

When will our leaders finally admit the truth?

In the state of Washington, approximately one-fourth of the entire population is now experiencing food insecurity…

The rising cost of living, particularly in housing and groceries, is pushing more families in Washington state to seek assistance from food banks.

According to Robert Ojeda of Food Lifeline, the largest hunger relief organization in the state, food insecurity affects about 25% of Washingtonians, meaning one in four residents is struggling to access enough food.

Ojeda said, “The percentage of food insecurity in Washington state is about 25%, so 1 in 4 Washingtonians are experiencing food insecurity.”

And the largest network of food banks in the state of Washington is reporting that overall demand has nearly doubled since the pandemic began…

  • Before the pandemic, Food Lifeline served about 800,000 people annually.
  • During the pandemic, that number rose to 1.1 million and has continued increasing, reaching 1.5 million in 2023 and 1.7 million in 2024, Coleman said.

Hunger in America is getting progressively worse.

Poverty in America is getting progressively worse.

Economic pain in America is getting progressively worse.

Meanwhile, the party on Wall Street never seems to end, and young bankers are “snorting lines of Adderall at their desks”

Young Wall Street bankers working 90 hours a week are snorting lines of Adderall at their desks in a new office drug culture.

While cocaine was once the drug of choice, bankers are now reportedly turning to the ADHD medication for work days that can last as long as 22 hours, along with nicotine patches and energy drinks.

One young banker that was interviewed openly admits that he uses Adderall to help him cope with 22 hour days…

Jonah Frey, a former investment banker for Wells Fargo in San Francisco, said one colleague would snort lines of crushed Adderall pills at his desk and that “nobody blinked an eye”.

Mr Frey told the Wall Street Journal he began taking the drug in 2020 because his colleagues told him it would help with the long hours, frequently pushing through from 4am until calls with the East Coast office at 2am the next day.

They are so busy making money on Wall Street that some workers hardly get any sleep at all.

But at the same time economic suffering is spreading like wildfire in communities all over the nation.

If our economic pain is this bad while the party on Wall Street is still raging, what is our country going to look like once the party on Wall Street finally ends?

Michael’s new book entitled “Why” is available in paperback and for the Kindle on Amazon.com, and you can subscribe to his Substack newsletter at michaeltsnyder.substack.com.

About the Author: Michael Snyder’s new book entitled “Why” is available in paperback and for the Kindle on Amazon.com. He has also written eight other books that are available on Amazon.com including “Chaos”“End Times”“7 Year Apocalypse”“Lost Prophecies Of The Future Of America”“The Beginning Of The End”, and “Living A Life That Really Matters”.  When you purchase any of Michael’s books you help to support the work that he is doing.  You can also get his articles by email as soon as he publishes them by subscribing to his Substack newsletter.  Michael has published thousands of articles on The Economic Collapse BlogEnd Of The American Dream and The Most Important News, and he always freely and happily allows others to republish those articles on their own websites.  These are such troubled times, and people need hope.  John 3:16 tells us about the hope that God has given us through Jesus Christ: “For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life.”  If you have not already done so, we strongly urge you to invite Jesus Christ to be your Lord and Savior today.

Get prepared for what is ahead by visiting some of our sponsors…

The Jase Case is more than an emergency medication supply. The right meds the moment you need them: https://shorturl.at/gMpOj

Protect your home and  vehicle with EMP Shield: https://shorturl.at/Hh2oz

Ready Hour Emergency Food: https://shorturl.at/RB6ul

My Patriot Supply: https://shorturl.at/GhppY

InstaFire: https://shorturl.at/brRN1

AlexaPure: https://shorturl.at/CH23z

Operation Blackout: https://eflow.americablackout.com/2964TZB/7XDN2/

Exodus Effect: https://trk.exodusrevealed.com/2964TZB/225JFQ/

Final Famine: https://trk.finaleagainstfamine.com/2964TZB/BP658/

Genesis Code: https://trk.discovergenesiscode.com/2964TZB/M2GJW/

Final Blackout: https://trk.borderdatareport.com/2964TZB/2N721M/

Last Blackout: https://trk.last-blackout.com/2964TZB/2J2CRS/

Look At These Egg Prices! 37% Of Americans Struggle To Pay Their Most Basic Bills As Food Prices Accelerate Again

When one of my readers sent me a photo of egg prices at a store in western Washington state, I could hardly believe what I was seeing.  I clearly remember when I could purchase a carton of quality eggs at the grocery store for just 99 cents, but thanks to inflation and a bird flu crisis that never seems to end, those days are long gone.  Now it is common to pay five, six, seven or even eight dollars for a carton of eggs.  In fact, it probably won’t be too long before we crack the ten dollar barrier.  In the old days, eggs were considered to be a very inexpensive way to feed your family, but now eggs prices have gone completely insane.

Unfortunately, it isn’t just egg prices that are spiking.

According to CNN, we just witnessed the largest monthly jump in grocery prices in almost two years…

In November, egg prices shot up by 8.2% nationwide, logging one of the highest monthly spikes in the past two decades, according to Consumer Price Index data released last week. And it’s not just eggs — shoppers have seen jumps in beef, coffee and non-alcoholic beverages, driving up overall grocery prices to their largest monthly gain since January 2023.

And more increases appear to be coming down the pike for the pulped-paper-packed protein: Wholesale prices for chicken eggs soared by nearly 55% last month, and wholesale food prices rose by 3.1% (their highest monthly increase in two years).

Our leaders in Washington promised us that food inflation was under control.

They lied.

I realize that this is very bad news.  I have heard from so many of you that are deeply struggling at this moment.  Now it appears that food prices are going to go substantially higher in 2025.  All of us are just going to have to adapt to this new environment somehow.

If you are barely scraping by from month to month, I want you to understand that you are definitely not alone.

In fact, the U.S. Census Bureau is telling us that 37 percent of Americans are having trouble even paying their most basic bills…

The Census Bureau reports that 37% of Americans are struggling to pay routine bills. Add in the cost of Christmas gifts and other holiday expenses and it can feel overwhelming to keep up with the Clauses.

The National Retail Federation predicts an increase in holiday spending this year, but the rise is more indicative of the higher cost of goods than anything else. We aren’t buying more; it’s just what we are buying costs more than before.

That is more than a third of the country.

It is difficult for people to hear that they aren’t going to be able to live the way that they previously did.

In an attempt to keep their lifestyles the same, many Americans are racking up credit card debt like never before

A new study of Americans credit card debt finds the average household credit card balance as of the third quarter of 2024, was around $10,757 after adjusting for inflation.

That according to the personal-finance website WalletHub which Friday released its new Credit Card Debt Study, which found that consumers added $21 billion in debt during the third quarter of 2024.

Early results for the fourth quarter of the year show preliminary data for October at a new record high for credit card debt in the month, in absolute terms.

Sadly, we have now reached a point where debt saturation is becoming a major problem and delinquencies are rising.

Consumers simply cannot spend money like they once did, and the retail industry is really struggling as a result.

So far this year, retailers have announced the closing of more than 7,000 stores.  That represents an increase of 69 percent from last year…

Retail store closures in the United States rose sharply in 2024, with over 7,100 closures announced through the end of November, according to data from the research firm CoreSight. This number marks a 69 percent increase from the previous year under the Biden-Harris administration, which has been plagued by inflation.

The spike in closures is tied to a wave of retail bankruptcies, with 45 retailers filing this year compared to 25 in 2023. Economic challenges, including persistent inflation, have led consumers to cut back on discretionary spending.

As I discussed last week, evidence that the economy is really slowing down is all around us.

I am sure that you can see this where you live, and with each passing day we get even more troubling news.

For example, it is being reported that Macy’s is planning to close dozens of stores by the end of this calendar year

Macy’s is ramping up store closures this year as it struggles to revive its faltering business.

In February, the embattled retailer announced plans to shut 150 underperforming stores within three years – including 55 closures by the end of 2024.

But the company now expects to close 65 locations by the end of the year. Bosses said they will remain open through the holidays to let regular customers shop but then shutter for good before the end of December.

And in a year when so many restaurant chains have already bit the dust, we now have another one to add to the list…

Arizona’s iconic frozen drink and sub chain Eegee’s has filed for Chapter 11 bankruptcy, making it the latest casualty in a brutal year for fast-food restaurants.

The announcement came with the closure of five locations across Tucson and Phoenix, leaving die-hard fans heartbroken.

The December 6 filing in Phoenix federal court gives the embattled chain – owned by private equity firm 39 North Capital – a chance to reorganize its finances.

Four years of “Bidenomics” has taken an enormous toll on our nation.

We have built up a tremendous amount of economic momentum in the wrong direction, and the very foolish policies of our leaders are taking us exactly where I warned they would take us.

Many are hoping that things can be turned around when the new administration takes over.

But considering how rapidly conditions are deteriorating both here and around the world, it would literally be a major miracle to pull us out of this mess before a horrifying global crisis erupts.

So let us hope for the best, but let us also continue to prepare for the worst.

Michael’s new book entitled “Why” is available in paperback and for the Kindle on Amazon.com, and you can subscribe to his Substack newsletter at michaeltsnyder.substack.com.

About the Author: Michael Snyder’s new book entitled “Why” is available in paperback and for the Kindle on Amazon.com. He has also written eight other books that are available on Amazon.com including “Chaos”“End Times”“7 Year Apocalypse”“Lost Prophecies Of The Future Of America”“The Beginning Of The End”, and “Living A Life That Really Matters”.  When you purchase any of Michael’s books you help to support the work that he is doing.  You can also get his articles by email as soon as he publishes them by subscribing to his Substack newsletter.  Michael has published thousands of articles on The Economic Collapse BlogEnd Of The American Dream and The Most Important News, and he always freely and happily allows others to republish those articles on their own websites.  These are such troubled times, and people need hope.  John 3:16 tells us about the hope that God has given us through Jesus Christ: “For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life.”  If you have not already done so, we strongly urge you to invite Jesus Christ to be your Lord and Savior today.

Get prepared for what is ahead by visiting some of our sponsors…

The Jase Case is more than an emergency medication supply. The right meds the moment you need them: https://shorturl.at/gMpOj

Protect your home and  vehicle with EMP Shield: https://shorturl.at/Hh2oz

Ready Hour Emergency Food: https://shorturl.at/RB6ul

My Patriot Supply: https://shorturl.at/GhppY

InstaFire: https://shorturl.at/brRN1

AlexaPure: https://shorturl.at/CH23z

Operation Blackout: https://eflow.americablackout.com/2964TZB/7XDN2/

Exodus Effect: https://trk.exodusrevealed.com/2964TZB/225JFQ/

Final Famine: https://trk.finaleagainstfamine.com/2964TZB/BP658/

Genesis Code: https://trk.discovergenesiscode.com/2964TZB/M2GJW/

Final Blackout: https://trk.borderdatareport.com/2964TZB/2N721M/

Last Blackout: https://trk.last-blackout.com/2964TZB/2J2CRS/

“Falling Off A Cliff”: This Chart Proves That We Are In A Major Economic Downturn Right Now

The number of job openings in the United States has been “falling off a cliff”, and that is a major red flag.  The last four years have been an economic nightmare for most Americans, and that is one of the primary reasons why Donald Trump won the election.  But as we approach 2025, things are starting to get frighteningly bad.  When the number of job openings in the U.S. drops by 2 million or more, that normally signals that we are either in a recession or that one is about to happen.  Well, as you can see from this chart that was posted by Bravos Research on Twitter, we are witnessing a collapse in job openings that is absolutely unprecedented…

I was floored when I saw that chart.

I knew that job openings were falling, but I didn’t know that things had gotten this bad.

Not too long ago, there were about 12 million job openings in the United States.  Unfortunately, here in the second half of 2024 that figure has fallen below 8 million

There were an estimated 7.4 million unfilled jobs on the last day of September, a drop from August’s revised tally of 7.86 million openings, according to new data released Tuesday by the Bureau of Labor Statistics. The largest drop-offs in openings were in industries that have driven much of the job growth in recent years: health care and social assistance, and government, according to the report.

Meanwhile, major employers continue to shed workers all over the nation.

For example, the U.S. lost a total of 78,000 manufacturing jobs during a recent three month period…

The manufacturing sector continued to shed jobs in October, bringing its tally of job losses to 78,000 over the past three months.

The Labor Department’s Bureau of Labor Statistics on Friday released its jobs report for October, which found that the manufacturing sector lost 46,000 jobs last month, according to the agency’s preliminary analysis.

That followed a loss of 6,000 jobs in September, which is also a preliminary figure, as well as a decline of 26,000 jobs in August.

Every day, there are more layoff announcements in the news, and the number of people filing initial claims for unemployment benefits increased much more than experts were projecting last week

The number of Americans filing for jobless benefits for the first time jumped significantly last week (from 225k to 242k – well above expectations of 220k) – the highest since the first week of October.

On an un-adjusted basis, claims exploded higher (highest since January)…

Throughout the second half of this year, I have been arguing that the U.S. economy is rapidly heading in the wrong direction.

Now we have even more confirmation that this is indeed happening.

Once we get past the holiday season, retailers are going to be dropping like flies.

According to the Daily Mail, it appears that Party City could soon be forced to declare bankruptcy…

A major party and craft retailer with 850 stores across the nation is considering filing for bankruptcy.

Party City has been faced with the possibility of mass closures just a little over a year after the company surfaced from Chapter 11 bankruptcy.

The celebration retailer, known for selling balloons and essential party supplies, is currently behind on rent at some of its locations, people close to the matter told Bloomberg.

And it is being reported that 670 Family Dollar stores have already been shut down

Discount behemoth Dollar Tree has shuttered 670 of its underperforming Family Dollar stores so far, about two-thirds of the nearly 1,000 it plans to close, as it considers whether to sell or spin off the struggling chain.

The Chesapeake, Virginia-based retailer provided an update on its portfolio optimization efforts when it reported is fiscal third-quarter earnings. Dollar Tree officials also said they were still reviewing options for Family Dollar, with no set deadline or timeline to complete that process.

Overall, thousands upon thousands of retail stores in the U.S. have been shuttered in 2024, and thousands upon thousands will be shuttered in 2025.

In many areas of the country, the landscape is absolutely littered with once thriving businesses that have now been boarded up.

More than a decade ago, I warned that we were headed for a future when impoverished areas of the U.S. would be filled with boarded up businesses and abandoned buildings.

Now we are there.

On top of everything else, inflation is starting to surge once again, and one recent survey discovered that about a third of all U.S. households have been forced to cut back spending just to keep the lights on

With the cost of things like food and housing still straining people’s budgets, many U.S. households over the past year have found themselves having to pare their spending on basic necessities just to keep the lights on at home.

That’s according to a recent Lending Tree study which analyzed U.S. Census Bureau Household Pulse Survey data from Aug. 20, 2024 to Sep. 16, 2024 to find the percentage of Americans 18 and older that had cut back on necessary expenses to pay their energy bill, kept their home at an unsafe or unhealthy temperature, or was unable to pay the full amount on an energy bill at least once over the preceding 12 months.

The study found that more than 34% of respondents said they have had to cut back or skip spending on certain necessary expenses at least once over the past year in order to pay their energy bill.

As I discussed the other day, prior to the election most Americans believed that we were already in a recession.

Since the election, conditions have only gotten worse.

Many are hoping that our economic momentum can be reversed once the new administration takes over.

We should all be hoping that is true.

But right now we are on a freight train that is steamrolling in the wrong direction, and that is not good news at all.

Michael’s new book entitled “Why” is available in paperback and for the Kindle on Amazon.com, and you can subscribe to his Substack newsletter at michaeltsnyder.substack.com.

About the Author: Michael Snyder’s new book entitled “Why” is available in paperback and for the Kindle on Amazon.com. He has also written eight other books that are available on Amazon.com including “Chaos”“End Times”“7 Year Apocalypse”“Lost Prophecies Of The Future Of America”“The Beginning Of The End”, and “Living A Life That Really Matters”.  When you purchase any of Michael’s books you help to support the work that he is doing.  You can also get his articles by email as soon as he publishes them by subscribing to his Substack newsletter.  Michael has published thousands of articles on The Economic Collapse BlogEnd Of The American Dream and The Most Important News, and he always freely and happily allows others to republish those articles on their own websites.  These are such troubled times, and people need hope.  John 3:16 tells us about the hope that God has given us through Jesus Christ: “For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life.”  If you have not already done so, we strongly urge you to invite Jesus Christ to be your Lord and Savior today.

Get prepared for what is ahead by visiting some of our sponsors…

The Jase Case is more than an emergency medication supply. The right meds the moment you need them: https://shorturl.at/gMpOj

Protect your home and  vehicle with EMP Shield: https://shorturl.at/Hh2oz

Ready Hour Emergency Food: https://shorturl.at/RB6ul

My Patriot Supply: https://shorturl.at/GhppY

InstaFire: https://shorturl.at/brRN1

AlexaPure: https://shorturl.at/CH23z

Operation Blackout: https://eflow.americablackout.com/2964TZB/7XDN2/

Exodus Effect: https://trk.exodusrevealed.com/2964TZB/225JFQ/

Final Famine: https://trk.finaleagainstfamine.com/2964TZB/BP658/

Genesis Code: https://trk.discovergenesiscode.com/2964TZB/M2GJW/

Final Blackout: https://trk.borderdatareport.com/2964TZB/2N721M/

Last Blackout: https://trk.last-blackout.com/2964TZB/2J2CRS/

Global Food Prices Are Entering Very Dangerous Territory

What in the world is going to happen if global food supplies continue to get even tighter?  During the second half of this year global food prices have been surging.  A “perfect storm” of factors is suppressing production all over the planet, and meanwhile worldwide demand for food just keeps rising.  Needless to say, higher prices hurt those at the bottom of the economic food chain the worst.  Food prices have become a major issue in country after country, and if current trends continue it won’t be too long before widespread unrest breaks out.  Here in the United States, the cost of living is absolutely eviscerating the middle class.  If a way cannot be found to stabilize food prices, we will be seeing a tremendous amount of anger and frustration in 2025 and beyond.

Last week, it was being reported that global food prices had risen to “the highest level in 19 months”…

The world food price index, compiled by the U.N. Food and Agriculture Organization (FAO) to track the most globally traded food commodities, increased to 127.5 points last month from a revised 126.9 points in October, the highest level in 19 months and up 5.7% from a year ago.

The vegetable oil index jumped 7.5% above levels seen a month ago and 32% above those seen a year earlier, driven by concerns over lower-than-expected palm oil output due to excessive rainfall in Southeast Asia.

Clearly, things are not heading in the right direction.

But what could be coming next is potentially even more alarming.

Insane global weather patterns are having a dramatic impact on the production of some of our most important staples, and as a result prices are rapidly trending higher.  For example, the price of Arabica beans has risen over 80 percent so far in 2024…

Coffee drinkers may soon see their morning treat get more expensive, as the price of coffee on international commodity markets has hit its highest level on record.

On Tuesday, the price for Arabica beans, which account for most global production, topped $3.44 a pound (0.45kg), having jumped more than 80% this year. The cost of Robusta beans, meanwhile, hit a fresh high in September.

It comes as coffee traders expect crops to shrink after the world’s two largest producers, Brazil and Vietnam, were hit by bad weather and the drink’s popularity continues to grow.

If you love coffee, you are already feeling quite bit of pain.

Unfortunately, it appears that coffee prices could become even more painful in 2025.

A similar thing is happening to another very popular morning beverage.

The price of orange juice is up 327 percent over the last 3 years, and thanks to Hurricane Helene and Hurricane Milton it is expected to go even higher in 2025…

As consumers struggle with higher prices for groceries, one staple of the American breakfast is about to get a lot more expensive. Plagued by diseased groves, uprooted trees to make room for housing developments, and severe weather that has decimated crops, the price of orange juice has skyrocketed in the past 3 years by 327% and is expected to climb even higher in the wake of Hurricanes Helene and Milton which swept through Florida less than three weeks apart.

According to industry data, Hurricane Milton destroyed over 3 million boxes of oranges in Florida, setting the state up for the smallest orange harvest in close to 100 years. Coupled with a protracted drought in Brazil, the world’s largest orange exporter, the price for frozen concentrated orange juice trading on the Intercontinental Commodity Exchange (“ICE”) has soared 80% to a record high of $5.25 per pound.

Many Americans like to have eggs with their orange juice in the morning, but the bird flu is sending egg prices into the stratosphere.

In some areas of California, a dozen eggs will now cost you more than 4 dollars

Economists said the bird flu is continuing to impact the supply chain, with California becoming the epicenter of the virus and the fallout.

Gillian Thorp went to her local Trader Joe’s in Santa Clara in search for a dozen eggs that now costs her $4, assuming she could find some in the first place.

“I stopped by the egg section and there were only two choices,” Thorp said. “It was pretty empty. I usually only purchase organic eggs and there was only one choice for that.”

The bird flu isn’t going anywhere.

In fact, a fresh wave is sweeping across the United States right now.

So if you love eggs, that is really bad news.

Meanwhile, the size of the U.S. cattle herd has fallen to the lowest level since 1961

America’s beef cow inventory has steadily declined over the last half-decade, reaching 64-year lows and signaling a deepening crisis across the cattle industry. As the cattle crisis worsens, consumers should brace for higher ground beef prices.

The shrinking beef supply has pushed the nation’s herd size to its smallest level since 1961. With severe droughts, high interest rates, costly feed prices, sliding farm income, surging farm debt, and a shifting consumer preference toward cheaper chicken, struggling ranchers have been culling heifers, preventing any meaningful recovery in the number of calves necessary to expand the nation’s herds.

There were 183 million people living in the United States in 1961.

Today, our population is nearly double that figure.

So we have the same amount of beef that we did in 1961 to feed almost twice as many people.

If you were wondering why beef prices had gotten so high, now you know.

Instead of eating a steady diet of high quality food, we are being fed an endless stream of heavily-processed packaged foods that are loaded with extremely unhealthy filler ingredients such as high fructose corn syrup.

Sadly, many Americans are in such financial distress that the heavily-processed packaged foods are all that they can afford.

Of course even the heavily-processed packaged foods are quite a bit more expensive than they once were.

We have definitely entered very dangerous territory, and I fully expect the trends that have been pushing up food prices to accelerate even more in 2025.

Michael’s new book entitled “Why” is available in paperback and for the Kindle on Amazon.com, and you can subscribe to his Substack newsletter at michaeltsnyder.substack.com.

About the Author: Michael Snyder’s new book entitled “Why” is available in paperback and for the Kindle on Amazon.com. He has also written eight other books that are available on Amazon.com including “Chaos”“End Times”“7 Year Apocalypse”“Lost Prophecies Of The Future Of America”“The Beginning Of The End”, and “Living A Life That Really Matters”.  When you purchase any of Michael’s books you help to support the work that he is doing.  You can also get his articles by email as soon as he publishes them by subscribing to his Substack newsletter.  Michael has published thousands of articles on The Economic Collapse BlogEnd Of The American Dream and The Most Important News, and he always freely and happily allows others to republish those articles on their own websites.  These are such troubled times, and people need hope.  John 3:16 tells us about the hope that God has given us through Jesus Christ: “For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life.”  If you have not already done so, we strongly urge you to invite Jesus Christ to be your Lord and Savior today.

Get prepared for what is ahead by visiting some of our sponsors…

The Jase Case is more than an emergency medication supply. The right meds the moment you need them: https://shorturl.at/gMpOj

Protect your home and  vehicle with EMP Shield: https://shorturl.at/Hh2oz

Ready Hour Emergency Food: https://shorturl.at/RB6ul

My Patriot Supply: https://shorturl.at/GhppY

InstaFire: https://shorturl.at/brRN1

AlexaPure: https://shorturl.at/CH23z

Operation Blackout: https://eflow.americablackout.com/2964TZB/7XDN2/

Exodus Effect: https://trk.exodusrevealed.com/2964TZB/225JFQ/

Final Famine: https://trk.finaleagainstfamine.com/2964TZB/BP658/

Genesis Code: https://trk.discovergenesiscode.com/2964TZB/M2GJW/

Final Blackout: https://trk.borderdatareport.com/2964TZB/2N721M/

Last Blackout: https://trk.last-blackout.com/2964TZB/2J2CRS/

America’s Middle Class In 2024: Aging Vehicles, $300 Carts Of Groceries, And Mountains Of Credit Card Debt

Have things been getting better for the middle class, or have things been getting worse?  Needless to say, the answer to that question is obvious.  The cost of living is absolutely crushing us, we can’t afford to replace our rapidly aging vehicles, debt levels are exploding, and the proportion of the country that is living paycheck to paycheck has been steadily rising.  Our economy is a mess, and America’s middle class is getting smaller and smaller.  Sometimes I feel like I am watching a very tragic version of musical chairs.  If you are still holding on to your chair, you should be very thankful, because more people are slipping out of the middle class and into poverty with each passing day.

If you are old enough, you can still remember a time when many middle class families would purchase a new vehicle every few years.

Sadly, today most of us are being forced to get as much mileage out of our rapidly aging vehicles as we possibly can.  As a result, the average age of the passenger vehicles traveling America’s roads has reached an all-time record high

This should be the best of times for the people who help keep America’s cars running.

There have never been as many on the road—around 290 million light vehicles—and they have never been so old. One reason for that is good news: They are better made. Getting the odometer past 100,000 miles has gone from being noteworthy to normal. Thirty years ago the average passenger car was about 8.4 years old and today that is 13.6 years.

Even keeping our aging vehicles repaired has become exceedingly difficult.

These days, if the mechanic hands you a repair bill for less than a thousand dollars that is a reason to celebrate.

In the old days, you could get a really nice used vehicle for a thousand dollars.

Of course groceries have become insanely expensive as well.  Earlier today, I came across a USA Today article that discussed the fact that the average household in Miami spends 327 dollars at the grocery store per trip…

Many longtime Miamians say they’ve felt this way since the pandemic transformed much of their city. As New Yorkers and Californians faced lockdown orders and restrictions, many flocked to Florida, with the largest increase of New Yorkers moving to Miami where they could benefit from tax and mandate breaks while working remotely. But along with having the largest net population gain of any state in the country came exploding living and housing costs. Housing prices have risen almost 50%, according to the UBS Global Real Estate Bubble Index released last month.

Grocery prices shot up. (An average household spent about $327 per trip). So did electric bills. A carton of eggs last year cost $5.

327 dollars used to be a lot of money.

Now it will just buy you one cart of food.

I warned my readers that the economic conditions that we were witnessing in Venezuela would eventually come here, and now it has happened.

As I discussed a few days ago, core consumer prices have actually risen for 53 months in a row.

Our cost of living crisis is out of control, and there is no end in sight.

As they struggle to pay their bills, many Americans are turning to credit cards for some relief.

As a result, credit card debt balances have soared to record high levels

The average American household credit card balance as of the third quarter of 2024 was about $10,757 after adjusting for inflation, according to a new study.

The personal-finance website WalletHub onFriday released its new Credit Card Debt Study, which found that consumers added $21 billion in debt during the third quarter of 2024.

Early results for the fourth quarter of the year show preliminary data for October at a new record high for credit card debt in the month, in absolute terms.

As credit card debt levels rose, it was inevitable that more Americans would start getting behind on their payments, and that is precisely what has happened

Are you feeling financially stressed as 2024 comes to a close? You’re not alone, not even close. In fact, 7.8 million Americans have delayed payments on at least one of their credit accounts this year. That’s a million more than in 2023.

This is really bad news for the economy as a whole, because our economy is highly dependent on consumer spending.

You can’t get blood from a stone, and restaurants all over the country are learning the hard way that most consumers simply cannot afford to eat out as regularly as they once did…

Seafood giant Red Lobster, Italian chain Buca di Beppo, fish taco eatery Rubio’s Coastal Grill and the owner of burger and pizza chains BurgerFi and Anthony’s Coal Fired Pizza are among those that have sought to reorganize through bankruptcy this year. Hooters of America is also huddling with lenders and advisers amid revenue declines, Bloomberg reported.

Shares of Dine Brands Global Inc., the parent of Applebee’s and IHOP, are down about 30% year-to-date, while shares of Bloomin’ Brands Inc., which owns Outback Steakhouse, dropped to near 2020 lows last month after it reported a decline in US same-store sales.

Yes, a “restaurant apocalypse” has begun.

When I first started using that term, a lot of people thought that I was exaggerating.

But of course I was not exaggerating one bit.

There was a time when it seemed like just about anyone in this nation could achieve “the American Dream” if they just worked hard enough.

But now we have reached a point where only 31 percent of Americans believe that they have “made it” in life…

Despite being the land of opportunity, the American Dream remains frustratingly out of reach for most Americans, with a mere 31% believing they’ve financially “made it” in life.

Sadly, that figure is even lower for Baby Boomers

However, the picture becomes less optimistic with age. Only 27% of baby boomers feel they’ve reached financial success, and among those who haven’t, just one-third believe they ever will. The survey found that Americans consider their path to financial success threatened by various external factors, including presidential elections (46%), interest rate changes (45%), and the job market (42%).

After working so hard for so many years, only 27 percent of Baby Boomers feel like they have “made it” in life.

Well, that is quite depressing.

Things could have turned out far differently.  Many of us ranted and raved for years that things would turn out this way, but most of the country did not want to listen.

Bad decisions lead to bad results.

Our leaders have been making comically bad decisions for decades, and thanks to them we now have a complete and utter nightmare on our hands.

Michael’s new book entitled “Why” is available in paperback and for the Kindle on Amazon.com, and you can subscribe to his Substack newsletter at michaeltsnyder.substack.com.

About the Author: Michael Snyder’s new book entitled “Why” is available in paperback and for the Kindle on Amazon.com. He has also written eight other books that are available on Amazon.com including “Chaos”“End Times”“7 Year Apocalypse”“Lost Prophecies Of The Future Of America”“The Beginning Of The End”, and “Living A Life That Really Matters”.  When you purchase any of Michael’s books you help to support the work that he is doing.  You can also get his articles by email as soon as he publishes them by subscribing to his Substack newsletter.  Michael has published thousands of articles on The Economic Collapse BlogEnd Of The American Dream and The Most Important News, and he always freely and happily allows others to republish those articles on their own websites.  These are such troubled times, and people need hope.  John 3:16 tells us about the hope that God has given us through Jesus Christ: “For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life.”  If you have not already done so, we strongly urge you to invite Jesus Christ to be your Lord and Savior today.

Get prepared for what is ahead by visiting some of our sponsors…

The Jase Case is more than an emergency medication supply. The right meds the moment you need them: https://shorturl.at/gMpOj

Protect your home and vehicle with EMP Shield: https://shorturl.at/Hh2oz

Ready Hour Emergency Food: https://shorturl.at/RB6ul

My Patriot Supply: https://shorturl.at/GhppY

InstaFire: https://shorturl.at/brRN1

AlexaPure: https://shorturl.at/CH23z

Operation Blackout: https://eflow.americablackout.com/2964TZB/7XDN2/

Exodus Effect: https://trk.exodusrevealed.com/2964TZB/225JFQ/

Final Famine: https://trk.finaleagainstfamine.com/2964TZB/BP658/

Genesis Code: https://trk.discovergenesiscode.com/2964TZB/M2GJW/

Final Blackout: https://trk.borderdatareport.com/2964TZB/2N721M/

Last Blackout: https://trk.last-blackout.com/2964TZB/2J2CRS/

WEF Survey Shows That Business Leaders Are Deeply Concerned That A Global Recession Is Coming

Are you ready for economic conditions to get even worse in 2025?  It would be difficult to find any economist that is willing to argue that global economic conditions are better in late 2024 than they were in late 2023.  The Chinese economy is deeply struggling, Europe is a mess, and four years of Bidenomics have had an absolutely devastating impact here in the United States.  Unfortunately, the outlook for 2025 is not good at all.  In fact, a WEF survey that was just released discovered that global business leaders are very concerned that a global recession is approaching

Business leaders globally are worried about the risk of recession, labour shortages and rising inflation, despite some signs of improvement in economic conditions, a World Economic Forum survey said on Thursday.

Extreme weather events are an increasing concern, following a year of record temperatures, severe flooding and wildfires, including in major economies such as Brazil, Germany, Indonesia and the United States, according to the survey of more than 11,000 business leaders from G20 countries.

When asked to rank the top risks that they are facing over the next two years, business leaders actually ranked economic downturn number one

Economic downturn is seen as the top risk for business leaders over the next two years, followed by labour and/or talent shortages and then inflation. Poverty and inequality ranked fourth, and extreme weather events came in fifth, the survey showed.

Business leaders tend to be relatively optimistic compared to the population as a whole, and so these results kind of surprised me.

Of course to many of us living in the United States, economic conditions are already so bad that it feels like a recession has already begun

In August, roughly 60% of Americans said they believed the U.S. was in a recession, according to a survey from Affirm. Further, in October, more than half of Americans said they were worse off than they were four years ago, according to a Gallup poll.

If you are doing better than you were four years ago, you should consider yourself to be incredibly blessed.

Because the cost of living has been rising faster than paychecks have been, and so for most of us our standard of living has been steadily going down.

The Biden administration keeps telling us that inflation is under control, but the truth is that core consumer prices have risen for 53 months in a row

The inflation story is far from over… no matter what The Fed or The White House claims…

For the 53rd straight month, core consumer prices rose on a MoM basis in October with the YoY pace re-accelerating to +3.33%…

Once upon a time, I actually enjoyed going to the grocery store.

But now it is so painful.

When I get to the register, I feel like asking the cashier what organ I should sell in order to pay for my groceries.

Sadly, we have reached a point where more Americans than ever are just barely scraping by from month to month.  In fact, Bank of America is telling us that the proportion of the U.S. population that is living paycheck to paycheck rose by 12 percent from early 2022 to the second half of 2024…

However you define “paycheck to paycheck,” more of us seem to be living that way.

In the Bank of America surveys, the share of consumers who said they lived from paycheck to paycheck has gradually risen, from about 35% in early 2022 to 47% in the third quarter of 2024.

Obviously, economic conditions in this country have been trending in the wrong direction for quite a while.

So what will our country look like if we keep going down this path?

At this stage, more than 20 percent of all U.S. renters already have to use “all of their regular income” just to pay the rent…

Just over one in five (22%) U.S. renters say all of their regular income goes directly to paying their rent, according to a recent Redfin-commissioned survey.

Working a second job is also a fairly common way for renters to pay housing costs, with 20% of renters citing that method. Nearly the same share (19%) say they have worked a job they hated to afford rent.

The bottom levels of the economic food chain are getting absolutely crushed.

In a desperate attempt to stay afloat, many Americans are piling up staggering amounts of debt.  According to the New York Federal Reserve, total credit card debt in the U.S. just reached another brand new all-time record high

Americans’ credit card debt continues to climb, hitting a fresh record at the end of September, according to a new report from the New York Federal Reserve.

Total credit card debt rose to $1.17 trillion during the third quarter, an increase of $24 billion from the previous quarter, according to the report. It marks the highest level on record in Fed data dating back to 2003.

I have never seen U.S. consumers as financially stressed as they are right now.

And now here come more layoffs.  For example, we just learned that one of the largest private employers in the entire country has decided to send thousands of workers packing

Sticking with the job market, approximately 8,000 pink slips are about to go out at Cargill. The privately-held company said it is laying off 5 percent of its global workforce. The job cuts are coming as one of America’s largest private companies is grappling with falling food prices.

Can anyone out there dispute the fact that we are heading in the wrong direction?

Just look around.  The middle class is coming apart at the seams, poverty is exploding all around us, homelessness in the U.S. is at an all-time record high, and demand at food banks has returned to pandemic levels.  For more than a decade, I have been warning about the exact scenario that we are facing right now.

It would be a monumental task for anyone to reverse our economic momentum, but Donald Trump is certainly going to try.

After the extraordinary amount of damage that Joe Biden and his minions have done over the past four years, can Trump turn this ship in the right direction?

Let us hope so, because at this moment the entire global economy is a dumpster fire that is rapidly getting worse.

Michael’s new book entitled “Why” is available in paperback and for the Kindle on Amazon.com, and you can subscribe to his Substack newsletter at michaeltsnyder.substack.com.

About the Author: Michael Snyder’s new book entitled “Why” is available in paperback and for the Kindle on Amazon.com. He has also written eight other books that are available on Amazon.com including “Chaos”“End Times”“7 Year Apocalypse”“Lost Prophecies Of The Future Of America”“The Beginning Of The End”, and “Living A Life That Really Matters”.  When you purchase any of Michael’s books you help to support the work that he is doing.  You can also get his articles by email as soon as he publishes them by subscribing to his Substack newsletter.  Michael has published thousands of articles on The Economic Collapse BlogEnd Of The American Dream and The Most Important News, and he always freely and happily allows others to republish those articles on their own websites.  These are such troubled times, and people need hope.  John 3:16 tells us about the hope that God has given us through Jesus Christ: “For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life.”  If you have not already done so, we strongly urge you to invite Jesus Christ to be your Lord and Savior today.

Get prepared for what is ahead by visiting some of our sponsors…

The Jase Case is more than an emergency medication supply. The right meds the moment you need them: https://shorturl.at/gMpOj

Protect your home and vehicle with EMP Shield: https://shorturl.at/Hh2oz

Ready Hour Emergency Food: https://shorturl.at/RB6ul

My Patriot Supply: https://shorturl.at/GhppY

InstaFire: https://shorturl.at/brRN1

AlexaPure: https://shorturl.at/CH23z

Operation Blackout: https://eflow.americablackout.com/2964TZB/7XDN2/

Exodus Effect: https://trk.exodusrevealed.com/2964TZB/225JFQ/

Final Famine: https://trk.finaleagainstfamine.com/2964TZB/BP658/

Genesis Code: https://trk.discovergenesiscode.com/2964TZB/M2GJW/

Final Blackout: https://trk.borderdatareport.com/2964TZB/2N721M/

Last Blackout: https://trk.last-blackout.com/2964TZB/2J2CRS/