The Economic Collapse

In the entire history of the United States, we have never witnessed an urban collapse of this magnitude.  During the pandemic, millions of Americans started working from home, and many of them have never returned to the office.  Meanwhile, rapidly rising levels of crime, homelessness and migration have transformed many of our inner cities into extremely dangerous places.  As a result, thousands upon thousands of businesses have left our core urban areas in search of greener pastures.  So now there is lots and lots of commercial real estate space that is sitting empty, and commercial real estate prices have absolutely plummeted. (Read More...)

Why are they being so quiet about this?  On Friday, the UN Security Council will take a vote which will determine whether or not “the State of Palestine” will be granted full UN membership.  If this vote is successful, that will formally create a Palestinian state that will have full recognition by the international community.  So this is a really big deal.  Algeria is the nation that has put this draft resolution forward, and it is scheduled for a vote at 3 PM Eastern time on Friday afternoon… (Read More...)

The middle class in the United States has been steadily shrinking, and the gap between the ultra-wealthy and the rest of us has grown to absurd proportions.  But it wasn’t always this way.  When I was growing up in the 1980s, it seemed like almost everyone was middle class.  Of course there were wealthy people and poor people in the 1980s too, but the vast majority of the population was comfortably somewhere in the middle.  Sadly, things have changed so much since that time.  Today, most of the people that I know are struggling.  According to a report that was just released, in all 50 states it now takes an income of more than $100,000 in order for a family of four to live “the American Dream”… (Read More...)

Can you imagine paying seven dollars for a gallon of gasoline?  It could soon happen, because it appears that Israel is about to strike Iran, and that is likely to cause events in the Middle East to spiral completely out of control.  Right now, approximately one-fifth of all oil used in the world goes through the Strait of Hormuz.  An apocalyptic war in the region could potentially close the Strait of Hormuz until the conflict is resolved one way or the other.  In addition, oil infrastructure could be destroyed in Iran and other nations in the Middle East as the fighting rages, and that could substantially reduce global oil production for an extended period of time.  Our way of life depends on cheap oil, and so if a major regional war in the Middle East causes the price of oil to go skyrocketing that is going to deeply affect all of us. (Read More...)

I have been sitting here trying to figure out what to write about what we just witnessed.  Just like October 7th, the shocking attack on Israel that just took place altered the course of history.  This was the first time that Iran ever attacked Israel directly, and I was flooded with emails by readers that were concerned about World War III.  So now that the Iranian attack is over, what will Israel do now?  That is the big question.  If Israel directly attacks Iran, the Iranians will inevitably respond and the conflict could spiral out of control.  But if the Israelis do not strike back, they will look weak and the Iranians could feel like they will be able to get away with similar things in the future. (Read More...)

Most people have absolutely no idea how close we are to a nightmare scenario in the Middle East.  Yesterday, I wrote about the fact that Bloomberg was reporting that an Iranian attack on Israel was “imminent”.  At that time we were waiting for the other shoe to drop in the Middle East, and we are still waiting.  Ynet News is claiming that Iran was “ready to launch its attack on Israel” but had a change of heart before it pulled the trigger… (Read More...)

As we approach what is likely to be the most chaotic presidential election in U.S. history, trouble signs are starting to erupt for the U.S. economy.  In fact, CNN is actually admitting that “the long-predicted storm clouds in the economy may actually be forming”.  I can’t remember the last time that I saw a CNN article with a headline like that.  But at this point, it is becoming extremely difficult for the mainstream media to avoid the truth.  Inflation is getting worse at the same time that many key sectors of our economy are slowing down.  If you thought that the last couple of years were rough for the economy, just wait until you see what is coming next.  Tremendous turmoil is on the horizon, and the American people are becoming increasingly emotional about our rapidly growing economic problems. (Read More...)

A lot of people were expecting a lot of things to happen on the day of the Great American Eclipse of 2024, and none of them happened.  Personally, I did not expect to see any sort of a major disaster or emergency on April 8th, and this is an opinion that I expressed over and over again during the weeks leading up to the eclipse.  But without a doubt, I believe that this eclipse was a sign and a warning.  In particular, the fact that the Great American Eclipse of 2024 completed the giant “X” over the New Madrid fault zone that the Great American Eclipse of 2017 started is such an obvious warning that I can’t believe that almost everyone is ignoring it.  That giant “X” over the New Madrid fault zone was literally one of the main points of the eclipse, but so few people are talking about it. (Read More...)