The Economic Collapse

Do they know something that they aren’t telling us?  As you will see below, Walmart, Target and other major U.S. retailers are literally canceling billions of dollars in orders ahead of the coming holiday season.  I have never heard of such a thing happening before, and under normal conditions it wouldn’t make any sense at all.  The holiday season is typically the busiest time of the year for retailers, and at this time in 2021 there was actually a great deal of concern that there wouldn’t be enough inventory due to global supply chain problems.  But now everything has changed.  All of a sudden major retailers are feverishly canceling orders, and this would only make sense if a severe economic downturn was imminent. (Read More...)

This didn’t have to happen.  The reckless behavior of the Federal Reserve and our politicians in Washington created a horrifying inflation spiral, and now the Fed is feverishly raising interest rates in a desperate attempt to get inflation back under control.  But everyone knows that rapidly raising rates is going to absolutely crush the housing market.  When the Federal Reserve hikes interest rates, that puts upward pressure on mortgage rates.  And as mortgage rates go higher, more and more potential homebuyers will be forced on to the sidelines.  With fewer potential homebuyers in the market, that will put downward pressure on home prices.  This is basic stuff that you would learn in an ECON 101 class, but Fed officials can’t seem to understand that what they are doing is going to be extremely destructive to the U.S. economy as a whole. (Read More...)

I can’t understand why anyone would still want to live in California.  Yes, there are lots of high paying jobs and the weather is very nice, but crime is completely and utterly out of control.  As you will see below, a new report that has just been issued is warning that violence in the state has now reached “epidemic” levels.  The police are doing what they can to try to contain the violence, but at this point they are vastly outnumbered by the predators.  Sadly, this is the end result of literally decades of cultural rot, and what is happening in California is going to happen to the rest of the nation if we do not take urgent action to turn things around. (Read More...)

Do you remember the panic that swept through Wall Street in September 2008?  Well, a lot of people believe that it is starting to happen again.  And once selling starts to spiral out of control, it is going to be incredibly difficult to stop.  On Monday, the Dow Jones Industrial Average fell 1,276 points.  That was the seventh biggest single day decline in history, and on a point basis it was actually larger than anything that we witnessed back in 2008.  Investors were bitterly disappointed by the monthly inflation report, because it showed that everything that the Fed has done so far has not worked.  It appears to be inevitable that the Fed will continue to raise interest rates in a desperate attempt to get inflation under control, and that has put Wall Street in a very sour mood. (Read More...)

I am so horrified by what is going on in Ukraine right now.  The world desperately needs peace in Ukraine, but instead both sides are going for the throat.  The Russians and the western powers are both absolutely determined to win in Ukraine, and so now we are witnessing a very dangerous game of “chicken” that could ultimately lead to nuclear conflict.  Western leaders seem quite sure that the Russians are bluffing and that there is no possibility that they would actually use nukes if backed into a corner.  Meanwhile, Russian leaders seem to believe that there is a limit as to how far NATO powers will go to support Ukraine.  But what if both sides are wrong? (Read More...)

This wasn’t supposed to happen.  For months, I have been writing article after article about the rapidly growing global food crisis, but even though drought is devastating so many other crops all over the planet I thought that there would be plenty of rice in 2023.  Unfortunately, I was wrong.  As you will see below, some of the biggest rice producers in the entire world are being hit really hard, and rice production is going to be way below expectations this year.  Of course rice is one of the primary staples that poor nations depend upon, and so this is a really big deal.  If there is a serious shortage of rice in 2023, that is going to have enormous implications for all of us. (Read More...)

I have been hearing from so many people that have a really bad feeling about what the months ahead will bring.  Global events are starting to spiral out of control, and it has become exceedingly clear that we are rapidly moving into extremely challenging times.  In the past, we would always talk about famine, war and pestilence in hypothetical terms, but now they have become clear and present dangers.  For weeks, I have been warning that the period of relative stability that we have been enjoying this summer would soon be over.  The fall is almost here, and winter is coming.  Of course the difficulties that we will be facing as 2022 rolls into 2023 will just be the beginning of our problems.  The years in front of us aren’t going to look anything like the years that we have just been through, and many will be absolutely shocked by how fast conditions change. (Read More...)

The food lines are back, and they are starting to get really long.  But this wasn’t supposed to happen.  We are being told that unemployment is very low, even though that is not actually true.  And we are also being told that the inflation rate is still only in the single digits, and of course that is not exactly true either.  All over the country, middle class Americans are watching their lifestyles be absolutely eviscerated by the cost of living crisis, and an increasing number of them are turning to food banks.  So we are seeing very long lines at food banks in major cities from coast to coast, and we are also seeing very long lines in rural locations such as northwest Montana… (Read More...)