Is The Soaring Cost Of Living Stressing You Out? U.S. Households Are Spending An Extra $11,434 Per Year Just To Maintain The Same Standard Of Living

I used to really enjoy going to the grocery store.  I would relentlessly hunt for deals, and I would show off what I was able to find when I got home.  But now all of the bargains are gone.  Instead, there are ridiculous prices and there are even more ridiculous prices.  The prices for some of the things that I normally buy have doubled.  In other cases, the prices have almost doubled.  Of course the soaring cost of living is the direct result of decisions that our leaders have made.  They just kept borrowing, spending and flooding the system with money, and now the cost of living is wildly out of control. (Read More...)

Nearly 107 Million Americans Do Not Have A Job Right Now

A lot of people are really confused about the state of the U.S. economy right now.  Large employers are conducting mass layoffs all over the country, and those that are searching for work are having a very difficult time.  But meanwhile, the Biden administration and the mainstream media continue to insist that the unemployment rate is low and everything is just fine.  So what can account for such incongruity?  Hopefully by the time you are done reading this article you will have a much clearer view of what is really going on out there. (Read More...)

Has The Banking Crisis Of 2024 Already Started?

We were warned that more banks would soon be getting into deep trouble.  In fact, just yesterday I told my readers to circle March 11th because that is when a very important Federal Reserve program that has been propping up our banks will be allowed to expire.  Unfortunately, we didn’t even have to wait for March 11th for the action to begin.  On Wednesday morning, shares of New York Community Bank were absolutely crashing.  Zero Hedge reported on the drama as it was unfolding… (Read More...)

3 Things That Troubled U.S. Banks Are Doing As They Scramble To Survive

The balance sheets of America’s banks are packed with bad loans and bad investments, and that is really bad news for all of us because the banks are the beating heart of our economic system.  Without the loans that they provide, we would not even have a functioning economy.  So the health of our banks is of paramount importance.  Today, there are more than 4,000 banks in the United States, and maybe a few hundred of them could be considered healthy.  Most of our banks fully understand that they are in really deep trouble, and they are feverishly trying to avoid the same fate as Silicon Valley Bank, Signature Bank and First Republic Bank.  The following are 3 things that troubled U.S. banks are doing as they scramble to survive… (Read More...)

Should Tennessee Be Ranked #1 For Survivability For Preppers That Want To Survive The Cataclysmic Times That Are Coming?

If you are planning to relocate in anticipation of the extremely chaotic times that are rapidly approaching, there are four primary factors that I think people should be focusing on.  First of all, you will want to go some place where you will be surrounded by like-minded people.  Secondly, you will want to avoid locations that have a high population density.  Thirdly, you will want to avoid regions that are at high risk of experiencing natural disasters.  Lastly, it is important to consider how the area you are considering will fare during a nuclear conflict.  Of course these are not the only factors that need to be considered, because choosing to relocate to another part of the country is a complicated decision.  Ultimately, you need to make whatever choice is right for you and your family at the time. (Read More...)

Never Go Full Weimar: America’s Monetary Base Has Grown 6 Times Larger Since 2008

A lot of people have been waiting for a meltdown of America’s financial system, but the truth is that it is already in the process of melting down.  As you will see below, the size of the monetary base in the United States has gotten more than six times larger since 2008.  If we continue down this road, it won’t be too long before we start looking like Germany during the Weimar Republic.  But if we stop creating money at a feverish rate, we won’t be able to service our debts and we will plunge into a very deep economic depression.  Those that run things desperately want to avoid short-term economic pain, and so they just continue to take the easy way out.  Unfortunately, taking the easy way out time after time will only lead to heartache. (Read More...)

“We Will Have A Hard Landing At Some Point. I Guarantee You That.”

Can you guess who the quote in the article title is from?  I will give you a hint.  It wasn’t me.  I know that it sounds like it could have come from me, but it actually comes from a very big name on Wall Street.  Ellen Zentner is Morgan Stanley’s chief U.S. economist, and she is the one that said it.  During an interview with CNBC she warned that “the tightening impacts from monetary policy” will have enormous consequences for the U.S. economy in the months ahead… (Read More...)

Shoplifting In America Is Wildly Out Of Control

Shoplifters are going hog wild all over America, and our politicians seem powerless to stop this crisis.  When I was growing up, shoplifting was something that was pretty rare.  Once in a while some irresponsible idiot would slip a candy bar into his pocket, but it wasn’t something that retailers were too stressed out about.  But now everything has changed.  Retail “shrink” broke the 100 billion dollar barrier in 2022, and the final number for 2023 is expected to be even higher.  Stuff is being stolen from our major retailers on an industrial scale, and this is having very serious consequences. (Read More...)

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