The Economic Collapse

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...)

In recent years, “van life’, “car life” and “tiny homes” have all become extremely hot topics on social media.  Millennials and Generation Z have been particularly eager to try out these “minimalist” lifestyles.  At a time when home prices have risen to absurd levels and the cost of living has become exceedingly oppressive, it can be very tempting to adopt a low cost way of life.  But it is also important to understand that the elite are very much encouraging these trends.  If they could get most of us happily living in tiny homes and electric vehicles, they would be very pleased.  You see, the truth is that the smaller our living spaces are, the less carbon emissions we will produce, and that is precisely what they want. (Read More...)

If you were hoping that the United States would become a lawless society, you have now gotten your wish.  Some of the numbers that I am about to share with you are just mind blowing.  For example, I had no idea that police in New York City were injured by criminals thousands of times last year.  All over the nation, law enforcement is losing control and violent criminals are getting the upper hand.  We have never seen anything quite like this before, and I am entirely convinced that this crime wave is only going to get worse as economic conditions deteriorate.  Even in our capital city, crime is completely and utterly out of control.  If you can believe it, the number of carjackings in Washington D.C. was up 97.9 percent last year… (Read More...)

Squatting has always been a problem, especially in certain parts of the nation, but now it is happening on an industrial scale all over America.  Thanks to online listings, it is easier than ever to identify properties that are vacant, and many states have laws that make it exceedingly difficult to get squatters out once they have settled in.  In some cases, squatters are able to live rent free in beautiful homes for months or even years.  This is becoming an absolutely massive problems, especially in certain areas of the country.  For example, it is being reported that squatters have taken over approximately 1,200 homes in the Atlanta area… (Read More...)

Over the last several years we have seen commercial real estate values plummet dramatically all over the United States.  One of the reasons why this is happening is because millions of Americans started working from home during the pandemic, and many of them never returned to the office once the pandemic subsided.  Another reason why this is happening is because there has been a mass exodus of businesses from our core urban areas.  Conditions have rapidly deteriorated in many of our largest cities, and it is exceedingly difficult to run a profitable business in the midst of an environment of constant theft and violence.  Ultimately, it is very easy to understand why commercial real estate values have crashed, and they will almost certainly go even lower. (Read More...)

According to the New York Fed, total household debt in the United States increased by 212 billion dollars during the fourth quarter of 2023.  It is now sitting at a grand total of 17.5 trillion dollars.  I suppose the good news is that we aren’t 34 trillion dollars in debt like the federal government is.  But 17.5 trillion dollars is still really bad, and it is far more than U.S. households can handle.  Unsurprisingly, delinquency rates have started to spike, and I fully expect this trend to intensify in the months ahead. (Read More...)