The Economic Collapse

The parallels between 2008 and 2022 just keep getting stronger.  14 years ago, the collapse of Lehman Brothers sent a massive wave of panic through global financial markets and is widely considered to be the key event that plunged us into a horrifying financial crisis that we still talk about to this day.  Well, now an even larger bank appears to be on the brink of collapse, and analysts all over the world are deeply concerned about what that will mean for the global financial system if it does fail. (Read More...)

I don’t know if I have the words to describe what we have just seen.  Summer just ended, and within one week we have already witnessed the most costly natural disaster in the entire history of the United States.  There are some areas along the west coast of Florida that have literally been destroyed.  Some have compared the devastation to the dropping of an atomic bomb, and that is not an exaggeration at all.  The state of Florida has never experienced a storm quite like this before, and recovery is going to be measured in years. (Read More...)

For the good of humanity, this has got to stop.  The United States and Russia both keep raising the stakes, and if we keep repeating this cycle it will end with a nuclear war that could ultimately result in billions of deaths.  Unfortunately, leaders on both sides do not seem interested in peace at this point.  The votes that Russia just conducted in four disputed territories were inevitably going to raise tensions even higher.  Of course the western powers have been greatly escalating matters themselves.  Over the past couple of months, NATO has gotten far more deeply involved in the conflict in Ukraine, and now the war is starting to spread beyond Ukrainian borders. (Read More...)

If you think that nothing is happening, then you have not been paying attention.  Within the past 100 hours, there has been a mysterious attack on the Nord Stream gas pipeline system, two monster storms have threatened North America, NASA rammed a spacecraft into an asteroid in order to knock it off course, and our ongoing stock market crash reached a new level when the Dow Jones Industrial Average officially plunged into bear market territory on Monday.  I would say that is a pretty active 100 hours, but of course this is just the beginning.  I believe that global events will continue to accelerate during the months ahead, but meanwhile most of the general population is still assuming that things will eventually “return to normal” somehow. (Read More...)

If you love to cook, this upcoming Thanksgiving may be a real challenge for you.  Thanks to a resurgence of the bird flu, supplies of turkey are getting tighter and tighter.  Sadly, the same thing is true for eggs.  And as you will see below, reduced milk production is sending the price of butter into the stratosphere.  Thanks to soaring prices, a traditional Thanksgiving dinner will be out of reach for millions of American families this year, and that is extremely unfortunate.  Of course all of this is happening in the context of a horrific global food crisis that is getting worse with each passing day.  Yes, things are bad now, but they will be significantly worse this time next year. (Read More...)

They know exactly what they are doing.  The “experts” that run the Federal Reserve know that if they dramatically hike interest rates it will cause countless American workers to lose their jobs and it will absolutely crush the housing market.  And even though those two things are already starting to happen, they just announced another massive rate hike.  If there was a school for central bankers, one of the very first things that they would teach you is that you should never, ever raise rates as an economy is plunging into a recession.  Every Fed official knows what has happened in the past when rates have been hiked at the beginning of an economic slowdown, but they are doing it anyway.  To call this “economic malpractice” would be a major understatement, and the American people should be deeply alarmed about what they are doing to us. (Read More...)

Things are starting to get really crazy in Germany.  The Germans are dealing with the worst inflation crisis that they have seen since the days of the Weimar Republic, and meanwhile economic activity is starting to shut down all over the nation.  Of course other European countries are facing similar problems, but Germany was supposed to be the economic rock that the rest of Europe could always depend upon.  Unfortunately, the decision by the Russians to cut off the flow of gas through the Nord Stream 1 pipeline is hitting Germany extremely hard.  If we could just get both sides to agree to end the war in Ukraine, that would greatly help matters, but that simply isn’t going to happen.  In fact, it appears that Vladimir Putin has decided to greatly escalate matters, and the western powers will inevitably greatly escalate matters in response.  What this means is that the economic turmoil that we are witnessing in Europe isn’t going anywhere any time soon. (Read More...)

Just over the past few days, our planet has been hit over and over again by major natural disasters.  So why is this happening?  At this moment, we are reaching the end of a summer that many of us will remember for a long time to come.  The western United States, Europe and China are all in the midst of the worst droughts that they have experienced in centuries, and meanwhile relentless flooding has absolutely devastated other areas.  For example, unprecedented flooding resulted in a third of the entire nation of Pakistan being under water for an extended period of time.  We could definitely use a break, but instead the past few days have brought us an extremely alarming series of historic disasters.  For example, the western coast of Mexico was just hit by an extremely powerful magnitude 7.6 earthquake… (Read More...)