The Economic Collapse

I am so alarmed by the economic numbers that have been coming out recently.  I wrote about some of them in an article that I posted yesterday, and I am going to write about some more of them today.  Ever since the end of the Great Recession, Americans have been piling up debt at a staggering pace, and now that debt bubble is starting to implode.  There isn’t really a precedent for this, and so we can’t look back at past events in order to project what will happen next.  But it should be obvious to all of us that things will soon start getting really bad in this country. (Read More...)

Why is the U.S. economy suddenly deteriorating so rapidly all around us?  Well, the short answer is that this downturn is way overdue.  For years, our leaders tried to cheat the laws of economics.  The Federal Reserve pushed interest rates all the way to the floor, which is something that never would happen in a true free market economy, and they pumped trillions of fresh dollars that they literally created out of thin air into the financial system.  Meanwhile, our politicians in Washington were engaging in the greatest debt binge that the world has ever seen.  All of this reckless manipulation seemed to work for a while, but many of us warned that it would inevitably create a major inflation crisis, and that is precisely what happened.  So now the Fed is aggressively hiking interest rates in a desperate attempt to tame the inflation monster that they helped to create, and higher rates are absolutely crushing economic activity. (Read More...)

Inflation is a hidden tax on all of us.  Unfortunately, most Americans don’t understand this.  Most of them cheered when the federal government was handing out free checks as if they were candy.  And most Americans fully approved of the Federal Reserve propping up our financial markets by flooding the system with obscene amounts of money.  But now we are paying the price.  Our money doesn’t go nearly as far as it once did, and the cost of living has become extremely oppressive. (Read More...)

The horrific environmental disaster in East Palestine, Ohio has contaminated the air, the soil and the water in much of the region.  So how much, if any, of the food that is grown in that part of the country will be safe to eat?  I had not thought about that question too much until I received a very alarming phone call.  One of the people that I spoke to during that phone call was a woman that I know personally.  I have known her for years, and I have visited with her in her own living room, and so I can vouch for her honesty.  She told me that her “son-in-law manages three organic food farms in California, Idaho, and Washington State”, and that he is “warning family and friends to get ready for severe food shortages starting this spring”.  Apparently there are several factors that will cause food supplies to be tighter, and one of the biggest is the fact that the “Ohio spill has contaminated a lot of land and water”.  Apparently there is a scramble “to find clean food” and her son-in-law is receiving lots of phone calls from buyers in the eastern half of the nation that want to buy what his farms are producing. (Read More...)

I knew exactly what would happen when China unveiled their peace plan for the conflict in Ukraine.  The night before, I told my wife that western leaders would immediately dismiss it.  Sadly, that is precisely what happened.  Of course any peace plan proposed by China was not going to be perfect.  But for the good of humanity our leaders should be willing to at least sit down and talk with the Russians.  Because if we stay on the path that we are currently on, eventually somebody will use nuclear weapons.  And once things go nuclear, we could be facing a nightmare scenario in which hundreds of millions of people die. (Read More...)

In our rotting, decaying society, there are literally hordes of rotting, decaying people in the streets.  In this article, I am going to tell you about an immensely powerful drug that is taking America by storm.  It makes people stagger about like zombies, and it also causes raw, gaping wounds that will literally rot away arms and legs if left untreated.  Of course the U.S. was already facing an unprecedented drug crisis even before this new “zombie drug” started to spread like wildfire.  More than a million Americans have died of a drug overdose since 1999, and the drug overdose epidemic has actually greatly accelerated within the past few years.  At this point, more than 100,000 Americans a year are dying from a drug overdose.  According to the CDC, someone dies from an overdose in this country every five minutes, and most of those drug overdose deaths are being caused by a drug known as fentanyl.  An amount of fentanyl equivalent to a grain of rice is enough to kill a person, and right now fentanyl is actually the leading cause of death for Americans between the ages of 18 and 45… (Read More...)

It is kind of like watching a really bad Hollywood disaster movie slowly play out, except in this case billions of people could end up dead.  Thanks to the endless bumbling of the Biden administration, Russia and China have been pushed into each other’s arms, and now they seem determined to confront the western powers together.  For those of you that have not been paying attention, the apocalyptic alliances that we have been anticipating for years have now formed.  It is going to be the U.S. and Europe on one side, and Russia and China will be on the other.  All of the marbles are at stake, and both sides have plenty of nuclear weapons. (Read More...)

It’s happening.  Throughout 2021 and 2022, a whole host of experts were warning that we were going to see another economic crisis like we witnessed in 2008 and 2009, and now it is here.  In fact, it is unfolding at a pace that is even more rapid than most of the experts had anticipated.  The housing market is crashing, hordes of retail stores are closing, the commercial real estate market is headed for a colossal disaster, food prices continue to surge, and the worst wave of layoffs in more than a decade just continues to get even worse.  So many of the economic trends that I have been tracking on The Economic Collapse Blog are now reaching a crescendo, but most Americans still don’t understand how bad things will eventually become. (Read More...)