The Economic Collapse

The widespread panic that we just witnessed is definitely not what the bureaucrats at the Federal Reserve were anticipating.  Following the second largest bank collapse in U.S. history on Friday and the third largest bank collapse in U.S. history on Sunday, the Federal Reserve unveiled an unprecedented rescue plan that was supposed to end the banking panic.  If you have not seen it yet, you can view the details on the official website of the Federal Reserve right here.  The most important part of the plan is the Fed’s decision to fully guarantee all of the deposits at Silicon Valley Bank and Signature Bank.  As Goldman Sachs CEO Lloyd Blankfein explained on Twitter, this bold course of action was supposed to have “removed reasons for bank runs”… (Read More...)

What in the world just happened?  On Friday, Silicon Valley Bank collapsed and was taken over by regulators, and then on Sunday regulators swooped in and shut down New York’s Signature Bank.  In a desperate attempt to prop up faith in our rapidly failing banking system, the Federal Reserve unveiled an emergency plan late on Sunday that is absolutely staggering.  All of the depositors at Silicon Valley Bank and Signature Bank will be protected, and all of them will have access to their money right away.  They aren’t calling this a “bail out”, but that is essentially what it is.  But will it be enough to stop the bank runs that are already happening? (Read More...)

The wait for the next “Lehman Brothers moment” is over.  On Friday, we witnessed the second biggest bank failure in U.S. history.  The stunning collapse of Silicon Valley Bank is shaking the financial world to the core.  As of the end of last year, the bank had 175 billion dollars in deposits, and approximately 151 billion dollars of those deposits were uninsured.  In other words, a lot of wealthy individuals and large companies are in danger of being wiped out.  In particular, this is being described as an “extinction level event” for tech startups, because thousands of them did their banking with SVB.  I cannot even begin to describe how cataclysmic this is going to be for the tech industry as a whole. (Read More...)

Major employers all over America are announcing mass layoffs, but the mainstream media continues to insist that everything is just fine.  Every month the Biden administration gives us numbers that suggest that the economy is stable, and most mainstream reporters willingly go along with that narrative.  But anyone with half a brain should be able to see that we are headed for big economic trouble.  The housing bubble is imploding, food prices just keep rising, and we haven’t seen a wave of layoffs like we are currently witnessing since the days of the Great Recession. (Read More...)

The mainstream media continues to tell us that the economy is in fine shape, and you can believe that if you want.  But evidence continues to mount that indicates that we are headed for very serious trouble.  Inflation is out of control, home sales have fallen for 12 months in a row, large corporations all over America are conducting mass layoffs, and hunger is spreading like wildfire as economic conditions rapidly deteriorate.  If this is “fine”, I would hate to see what “bad” would look like.  Virtually everything that normally occurs during the early stages of a major economic downturn is happening right now, and that includes an inversion of Treasury yields… (Read More...)

Angry citizens are taking to the streets all over the world, and often they are lashing out in wild and unpredictable ways.  The eruptions of civil unrest that you will read about below are all happening for different reasons, but they all have one thing in common.  People are deeply frustrated with the direction that things are going, and they have lost faith in the ability of their elected representatives to solve their problems.  Unfortunately, this is just the beginning.  For years I have been warning my readers that we will eventually see civil unrest on a scale that we have never seen before.  Could it be possible that we are now entering the leading edge of that storm? (Read More...)

We haven’t seen anything like this in a long time.  A couple of factors are combining to push millions of Americans into a state of food insecurity.  First of all, food prices have been rising aggressively throughout the past year, and so our money does not go nearly as far as it once did.  Meanwhile, food stamp benefits are being slashed.  The federal government had greatly enhanced food stamp benefits for many Americans during the pandemic, but now that emergency program is coming to an end.  So what this means is that many Americans are going to have very little money to spend on food at a time when economic conditions are starting to get really rough. (Read More...)

If you truly wanted complete and total privacy, you would need to give up nearly all of the technology that you are currently using.  I wish that wasn’t true, but this is the reality of the world in which we now live.  The “Big Brother surveillance grid” is constantly growing and evolving all around us, and those that are using it to watch, monitor, track, influence and control us have an insatiable appetite for more data.  They are constantly pushing the envelope, and most people don’t seem to care.  But if we don’t stand up for our rights now, eventually we will find ourselves living in a society where there is absolutely no privacy at all. (Read More...)