The Economic Collapse

What would we do if we suddenly couldn’t use the Internet or our phones any longer?  For a lot of people, such a scenario would be unthinkable.  In fact, it felt like the “world is ending” for many AT&T customers on Thursday.  The disruption to AT&T’s network only lasted for a few hours, but it created quite a frenzy.  If we are going to see this much panic for an outage that happens for just a few hours, what would our society look like if Internet and phone communication was down for days, weeks or even months? (Read More...)

It seems odd to talk about 2021 as “the good old days”, but the truth is that the cost of living was far lower just three short years ago.  Earlier today, I did an interview with Sam Rohrer of Stand In The Gap Today in which we discussed how food prices have gotten wildly out of control.  One example that I brought up was the fact that a Big Mac “value meal” can cost up to 18 dollars in some parts of the country.  There is no way that I would shell out 18 bucks for a burger, some fries and a drink at McDonald’s.  But this is the economic environment that we live in today. (Read More...)

The radicals that run most of our major cities thought that going soft on crime was the way to go.  So they reduced police budgets, they legalized a lot of things that used to be serious crimes, they decided to stop prosecuting numerous low level offenses, and many hardcore criminals found themselves getting sent back into the streets time after time after getting arrested by the police.  For example, even though the city of Chicago is experiencing a massive crime wave, the jail population in Cook County is “at the lowest level in 40 years” thanks to policies that are extremely soft on crime… (Read More...)

If you have plenty of money and you are able to shield yourself from what is happening to the tens of millions of people that are wallowing in poverty, life in America is still good in 2024.  Stock prices have been hovering near record highs, and companies that cater to the rich and famous have been raking in the cash.  But for most of the rest of the country, things are not going so well.  Homelessness has been rising at the fastest rate we have ever seen, crime is out of control all over the nation, and large companies are laying off workers at a very frightening pace. (Read More...)

Order is breaking down all over the western world as governments lose control of their populations.  Farmers have been holding angry protests throughout Europe, enormous groups of migrants have been rioting on a regular basis, looting has become a way of life in many communities in the United States, and now truckers are calling for a historic boycott of New York City.  We are witnessing very alarming explosions of anger and frustration all over the western world right now, and there are no easy answers because most of us have lost faith in those that are governing us. (Read More...)

They were able to delay the U.S. economy’s day of reckoning, but they were not able to put it off indefinitely.  During the pandemic, the Federal Reserve pumped trillions of dollars into the financial system and our politicians borrowed and spent trillions of dollars that we did not have.  All of that money caused quite a bit of inflation, but it also created a “sugar rush” for the economy.  In other words, economic conditions were substantially better than they would have been otherwise.  Unfortunately, there will be a great price to be paid for such short-term thinking.  From the federal government on down, our entire society is absolutely drowning in debt, and now it appears that our economic problems are about to go to the next level. (Read More...)

The countdown to a cataclysmic conflict between Israel and Hezbollah is rapidly picking up momentum.  On Wednesday, a missile barrage that was unleashed by Hezbollah fighters in southern Lebanon hit multiple targets in northern Israel.  If Hezbollah really wants peace like they claim that they do, they have a really strange way of showing it.  It is being reported that this missile barrage “appeared to be the fiercest attacks from Lebanon since the confrontation began”… (Read More...)

If stock prices are going to start plunging just because inflation is running a little bit hotter than expected, what is going to happen once the market finally realizes that the entire economy is literally starting to come apart at the seams?  Consumer delinquency rates are spiking, the commercial real estate crisis is rapidly picking up steam, banks from coast to coast are in deep financial trouble, large corporations all over America are conducting mass layoffs, and homelessness has been rising at the fastest pace ever recorded.  But if you ignore all of those little details, you can be just like Joe Biden and pretend that everything is just fine. (Read More...)