The Economic Collapse

Do you remember how bad things were in 2008 and 2009?  It was an economic nightmare that shook the entire world, and now it appears that the sequel is upon us.  As you will see below, many economic numbers are either as bad as they have been since the Great Recession or they are even worse than they were during the Great Recession.  Despite what the mainstream media has been telling you, the truth is that the cold, hard facts prove that the U.S. economy has been rapidly heading in the wrong direction for years.  Now we have reached a major tipping point, and it won’t take much to push us over the edge. (Read More...)

What will the loss of hundreds of thousands of law-abiding citizens mean for New York City? It doesn’t take a rocket scientist to answer that question. When large numbers of law-abiding citizens leave any area, conditions get worse. And when conditions get worse, that motivates even more law-abiding citizens to leave. Meanwhile, the election of Zohran Mamdani will make the Big Apple a magnet for criminals, gang members, radical Islamists, economic parasites, far left political activists and those that have entered this country illegally. New York City has entered a horrifying death spiral, and there is little hope that this death spiral can be reversed any time soon. (Read More...)

We are less than two weeks into the month of November, and the mainstream media is telling us that millions of Americans are “starving”.  If our society is this vulnerable to a temporary disruption in food stamp benefits, what is it going to be like when global events really start hitting the fan and there is no food in our grocery stores at all?  Much of the population is just a few missed meals away from going completely haywire.  For now, at least those that have not received their food stamp benefits this month can rely on local food banks.  But would you be willing to line up at 2:30 in the morning just to get some free food?  That is precisely what just happened in the Bronx… (Read More...)

It is starting to look a lot like the Great Recession again.  I thought that the pace of layoffs in 2024 was bad, but it has just exploded here in 2025.  Vast numbers of good paying jobs are being ruthlessly eliminated, and competition for any decent jobs that are still available has become extremely fierce.  In some cases, workers that have many years of experience are applying for hundreds of jobs but are not even able to get a single interview.  I have said this before, and I will say it again.  If you currently have a job that you highly value, hold on to it as tightly as you can.  You don’t want to be left without a chair when the music stops playing. (Read More...)

For a long time, a lot of people wanted to deny what was happening to us. But now we have reached a point when you can no longer do that and retain your credibility. Job openings have been plummeting, and layoffs have been spiking. Manufacturing activity is way down, and delinquency rates are way up. In fact, the credit card delinquency rate just hit the highest level that we have seen since 2011. Just about everything has gotten significantly more expensive, and America’s food banks are being overwhelmed by vast numbers of hungry people. Nobody can deny any of these things, and now U.S. Treasury Secretary Scott Bessent is publicly admitting that “there are sectors of the economy that are in recession”… (Read More...)

As grocery prices have risen, demand at food banks throughout the country has surged to very alarming levels.  At the end of 2024, I wrote about how demand at food banks had risen to record levels all over the United States.  Unfortunately, demand has continued to rise in 2025, and now the government shutdown has shifted America’s hunger crisis into overdrive.  Millions of very hungry people are showing up at food banks looking for something to eat, and resources are being stretched to the limit. (Read More...)

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...)