The Economic Collapse

Do you want the good news or the bad news first? The good news is that 50 percent of food stamp benefits will be paid out during the month of November. The bad news is that a lot of food stamp recipients are still extremely angry. Food stamp protests are already starting to happen, videos are being posted on social media that show people how to take groceries right out the front door of a Walmart, and one woman is claiming that “everyone was stealing” when she visited her local grocery store. Of course if you live in an area where food stamp use is very low, conditions may seem perfectly normal. It just depends on where you live. Hopefully the government shutdown will be resolved very soon, because if we get to a point where no more food stamp money is coming from Washington at all things could get really crazy. (Read More...)

What is the Fed not telling us?  The numbers clearly indicate that big trouble is brewing in the banking system.  I wish that I could specifically tell you which banks are in the most trouble, but at this stage we simply aren’t being told anything.  They probably figure that the best approach is to try to keep everyone as calm as possible.  But they won’t be able to keep a lid on what is going on indefinitely, and when word finally gets out people could start to panic. (Read More...)

After many years of steady economic deterioration, a very dark cloud of economic pessimism hangs over our country.  The cost of just about everything has been rising faster than paychecks have been, thousands of stores are closing all over the nation, and large corporations are conducting mass layoffs on a scale that we haven’t seen since the Great Recession.  Most of the population is just barely scraping by in this very harsh economic environment, and I have been hearing from so many people that are quite frightened about what is going to happen next. (Read More...)

I suppose that we should not be surprised, because they told us exactly what they intended to do. For weeks, food stamp recipients have been posting videos on social media telling us what will happen if their food stamp benefits are cut off. We have been warned that they will go to their local grocery stores and fill up their carts just as they normally do. We have also been warned that there will be violence if anyone tries to stop them when they leave without paying. A lot of people out there were convinced that these lunatics were bluffing, but the truth is that what they threatened to do has already started to happen. (Read More...)

It appears that this government shutdown could go on for a while, and that is not good news for the U.S. economy at all. On day 28 of the shutdown, the U.S. Senate failed to advance a bill to end the shutdown for the 13th consecutive time. They can keep holding more votes, but the outcome will remain the same. We are potentially just days away from a scenario in which approximately 42 million Americans will lose their food stamp benefits, and that could result in widespread chaos all over the nation. Meanwhile, the U.S. economy as a whole continues to move in the wrong direction very rapidly. (Read More...)

People all over social media are publicly threatening to steal food once their EBT benefits run out. Some of them are taking it one step further by threatening to get violent with anyone that tries to prevent them from stealing food. So what is our country going to look like if this actually happens on a widespread basis? Today is day 26 of the government shutdown, and there is no end in sight. It appears that food stamp benefits will not be paid out to 42 million Americans at the beginning of November, and nobody is exactly sure what is going to happen next. (Read More...)

Approximately 1 out of every 8 U.S. residents in on food stamps. So how do you think they are going to react when their EBT cards suddenly don’t work anymore? The government shutdown has already been going on for 25 days, and there is no end in sight. The Democrats have absolutely no intention of giving President Trump what he wants, and President Trump has absolutely no intention of giving the Democrats what they want. We are potentially facing the longest government shutdown in U.S. history, and the first day of next month is when things are going to get very real for tens of millions of Americans. (Read More...)

Millions of Americans are discovering that at some point the money runs out and the party is over. Vehicles are being repossessed at the fastest pace since the global financial crisis, foreclosure filings are up 18 percent compared to last year, and student loan delinquencies have soared into unprecedented territory. Nobody can deny that economic conditions are deteriorating rapidly, and this has pushed vast numbers of U.S. consumers past their breaking points. So what is going to happen if economic conditions continue to deteriorate rapidly in the months ahead? (Read More...)