The Economic Collapse

Do you remember what happened in 2008?  Many people believe that another historic financial disaster is coming and that it will absolutely devastate the U.S. economy.  Earlier this week, I wrote about an investor named Michael Burry that has actually bet 1.6 billion dollars that the stock market is going to crash.  He made all the right moves in 2008, and he fully intends to be proven right once again in 2023.  Of course current conditions definitely resemble 2008 in so many ways.  The residential housing market is so dead right now, and commercial real estate prices are plummeting at a very frightening pace.  Unfortunately, officials at the Federal Reserve are making it quite clear that they are not done strangling the economy. (Read More...)

Would you be willing to bet a billion dollars that stock prices are going to collapse?  Needless to say, only an extremely small fraction of the population has that much money.  And once you have accumulated a billion dollars, one would think that you would be extremely determined to protect it.  But that is not what Michael Burry is doing.  During the financial crisis of 2008, his massive bets against the housing market made him incredibly rich, and now he is making another “big short”.  According to CNN, Burry has bet over 1.6 billion dollars that the stock market is going to crash… (Read More...)

The middle class in the U.S. has been steadily shrinking for decades, but in recent years our leaders have greatly accelerated that process.  In 2020, 2021 and 2022 they absolutely flooded the system with new money, and almost all of that new money went into the pockets of the wealthy.  The gap between the wealthy and the rest of us is now larger than ever, and that isn’t a good thing for our society.  Even if you are still making as much money as you did a few years ago, you have lost a lot of ground financially, because the cost of living has been rapidly eating away at our standard of living.  As I covered the other day, household income in the United States has declined by 9.1 percent since April 2020 after adjusting for inflation and taxes.  In other words, the middle class is a whole lot smaller than it was in April 2020, and it continues to get smaller with each passing day. (Read More...)

In order for a civilized society to function, most people have to willingly follow the rules of that society.  If that happens, law enforcement authorities can deal with the few that choose to be lawless.  For generations, that is how things worked in America.  There was a high standard of morality among the general population, and so the police were able to successfully handle the few bad apples that insisted on breaking the law.  But now everything has changed.  As a result of decades of extreme moral decay, lawlessness is rampant and there are vast multitudes of young people that openly flaunt the rules of our society.  In fact, there are already some areas of the country that are literally on the verge of being ungovernable. (Read More...)

Thanks Joe Biden!  Ever since you entered the White House, economic conditions have taken a major turn for the worse.  We have been experiencing the most painful inflation crisis since the Jimmy Carter era, more than 60 percent of Americans are living paycheck to paycheck, the U.S. actually lost 585,000 full-time jobs last month, consumers now owe more than a trillion dollars on their credit cards, the housing bubble has started to burst, and the most dramatic commercial real estate crisis in U.S. history has begun.  Needless to say, the American people are fed up.  According to a brand new Reuters/Ipsos survey that was just released, a whopping 73 percent of all Americans believe that the economy is in worse condition than it was five years ago… (Read More...)

Over the past few years, we have seen food prices in the United States and other wealthy countries do things that they have never done before.  Unfortunately, this is just the beginning.  Global food supplies are getting tighter, and meanwhile global demand for food just continues to increase.  For decades, many among the elite were optimistic that someday we would be able to eliminate global hunger completely because tremendous progress was being made.  But then right around 2015 things started to reverse, and now the trend is very much going in the wrong direction.  According to the United Nations, 2.4 billion people did not have enough food to eat last year, and 900 million of them were facing severe food insecurity.  Those numbers will almost certainly go even higher this year, because it is getting more difficult for poor countries to get the food that they need to feed their populations. (Read More...)

Is time running out for America?  Throughout human history, great civilizations have risen and fell, and many believe that the U.S. will be no exception.  At this point, we have already drifted so far from our core values that our founders would not even be able to recognize the Republic that they once established if they were alive today.  Of course most Americans realize that something has gone horribly wrong, but most of them also believe that sending the right people to Washington is the answer.  But is that really the solution to what ails us? (Read More...)

The economic meltdown that is coming should not be a surprise to anyone.  Throughout U.S. history, there have always been signs that a major downturn was coming, and that is precisely what we are witnessing right now.  Tax revenues are way down, demand for trucking services is way down, demand for cardboard boxes is way down, the money supply is shrinking at the fastest pace in modern history, and the Conference Board’s index of leading economic indicators has already declined for 15 months in a row.  At this point, anyone that cannot see what is coming has got to be willingly blind.  The following are 7 trends which indicate that economic disaster is approaching very rapidly… (Read More...)