The Economic Collapse

I can’t take it anymore.  Fake numbers that are released by the government get turned into fake news by the corporate media, and many Americans don’t even realize that they are being conned.  Major news outlets all over the country are breathlessly trumpeting the “blockbuster jobs report” as if it is a sign from heaven that good economic times are ahead.  We are being told that the U.S. economy added 517,000 jobs last month, but that isn’t true.  Sadly, the truth is that the U.S. economy actually lost 2.5 million jobs in January.  Yes, you read that correctly.  So how in the world does a loss of 2.5 million jobs become a “gain” of 517,000 jobs?  Every month, government bureaucrats apply “adjustments” to the numbers that they believe are appropriate, and at this point their “adjustments” have become so absurd that they have turned the monthly employment report into a total farce. (Read More...)

The worst case scenario that many of the experts feared is starting to play out right in front of our eyes.  Throughout 2022, I repeatedly warned my regular readers that there were all sorts of indications that the emerging global food crisis would go to entirely new level in 2023, and that is precisely what is happening.  In response to tightening supplies of food, prices are surging all over the planet and the number of desperately hungry people is exploding.  Unfortunately, this crisis is not going to be just temporary.  As I will explain at the end of this article, the global nightmare that we are facing is inevitably going to intensify in the years ahead. (Read More...)

All of the things that we would expect to see at the start of a major economic downturn are happening.  Retail sales are falling, auto sales have been way down, and the housing market is starting to crash like it did in 2008.  But unlike the last recession, we are also dealing with a raging inflation crisis, and this is one of the main reasons why real disposable income declined at the fastest rate that we have seen since the Great Depression last year.  At this point, close to two-thirds of the entire country is living paycheck to paycheck, and more than half the country cannot even afford to pay an unexpected $1,000 emergency expense.  We are in very dangerous territory, because most U.S. consumers are tapped out. (Read More...)

Once upon a time the United States was known as a “Christian nation”, but now our country is moving away from those roots at a pace that is absolutely breathtaking.  I spend a lot of time writing about the ongoing collapse of our economic system, but the truth is that we are witnessing a collapse of faith as well.  In 1972, a Pew survey found that 92 percent of all Americans identified as Christians, but the most recent Pew survey that asked this question discovered that only 63 percent of Americans still identify as Christians at this point… (Read More...)

Economic conditions are much worse than you are being told.  Throughout the past year, prices have been rising much faster than most of our incomes have.  As a result, our standard of living has been rapidly declining.  It has become increasingly difficult for U.S. households to make it from month to month, and as you will see below, more than a third of all U.S. adults are actually relying on their parents to pay at least some of their bills at this point.  But even more alarming is what has been happening to real disposable income.  According to Fox Business, the most recent GDP report revealed that the decline in real disposable income that we witnessed in 2022 was the largest that has been measured since 1932… (Read More...)

Are you ready for a catastrophic war in the Middle East?  When I heard that there had been multiple military strikes inside Iran on Saturday night, I went to several prominent mainstream news websites looking for confirmation.  But I didn’t see any stories about these strikes on any of their front pages.  That puzzled me, because social media is filled with videos of these attacks, and there are lots of stories about them in Middle Eastern news sources.  So why is the mainstream media here in the United States choosing to be so quiet about what is happening inside Iran? (Read More...)

Once the nukes start flying, there will be no going back.  So I hope that you all understand that we are playing for all the marbles here.  Sadly, our leaders don’t seem to get it.  They just keep escalating the conflict in Ukraine, and on the other side the Russians just keep escalating matters as well.  On Thursday, Russia responded to news that the U.S. and Germany would be giving highly advanced tanks to the Ukrainians by firing “a barrage of missiles and drones across the country”.  The Russians are now so invested in this war that there is no way that they could ever back down.  Of course the same thing is true for the Biden administration.  Joe Biden has staked his presidency on winning this war, and Congress has already approved approximately 100 billion dollars in total aid for the Ukrainians.  We are on a collision course with destiny, and the cataclysmic war with Russia that I have been warning about for many years is now right on our doorstep. (Read More...)

I don’t have to tell you that your money doesn’t go as far as it once did.  You see it every time that you go shopping.  Our leaders flooded the system with money and pursued highly inflationary policies for years, and now we are all paying the price.  The cost of living has been rising much faster than our incomes have, and this is systematically destroying the middle class.  Survey after survey has shown that a solid majority of the population is living paycheck to paycheck, and at this point most U.S. consumers are tapped out.  In fact, one brand new survey just discovered that 57 percent of Americans cannot even afford to pay a $1,000 emergency expense… (Read More...)