The Economic Collapse

Under normal circumstances, this would never happen.  Normally, you would never have raging inflation and a housing crash at the same time.  But thanks to the Federal Reserve that is precisely what we are now facing.  The Fed has created a colossal inflation monster which is going to be exceedingly difficult to tame, and meanwhile the most epic housing bubble in the history of our country is starting to burst.  This combination is going to cause immense pain for U.S. consumers in the months ahead, and there is no short-term hope on the horizon. (Read More...)

How would you feel if your power bill went up by 50 percent this winter?  How about 100 percent?  Unfortunately, these kinds of price increases are already being announced.  The world was heading into a major energy crisis even before the war in Ukraine started, and now that conflict threatens to create an extremely severe energy crunch that would have been unimaginable just a couple of years ago.  If some sort of a miracle doesn’t happen, it is going to be a really, really cold winter for countless people in the western world. (Read More...)

They are trying to do it to us again.  Over the past two years, they have lied to us over and over again, and now they are going back to the same old playbook one more time.  Everyone is anticipating that Thursday’s GDP number will show that the U.S. economy has now contracted for two quarters in a row, and when that happens that will mean that we have fallen into an economic recession.  In fact, if you go to Google and type in “recession definition”, this is what you will find: “a period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters.”  But the Biden administration doesn’t like that definition for obvious reasons.  If everyone starts throwing around the word “recession” to describe what is going on, the outlook for the Democrats in the midterm elections is likely to get even bleaker. (Read More...)

It looks like we are going to get official confirmation that a recession has already begun when the GDP number for the second quarter comes out later this week.  But that isn’t what we should be focusing on.  Yes, things weren’t great during the first half of 2022, but they are going to be significantly worse during the second half.  Small businesses are starting to fail all over the country, a housing crash of potentially epic proportions has started, layoffs are on the rise from coast to coast and economic activity is really slowing down all around us.  So if you think that things are bad now, just wait, because they will soon be a whole lot more painful. (Read More...)

What will we do when we inevitably run out of topsoil?  This month, I have written a number of articles that show that the clock is ticking for humanity.  We are systematically destroying the planet that we live on, and we are already witnessing mass extinctions of plankton, insects and birds.  Our food is full of poisons, our water is full of poisons and the air that we breathe is full of poisons.  And it gets worse with each passing year.  But one thing that I haven’t talked about recently is the loss of our topsoil.  95 percent of the food that we eat comes from the soil, and so if we have no soil we have no food.  This is a crisis that has been building for decades, and now we are rapidly approaching a major crisis point. (Read More...)

I would highly recommend that you take this new global monkeypox outbreak very seriously.  On May 6th, there was one case.  Now it has spread to 78 countries and there are 14,945 cases.  In nation after nation we have seen monkeypox cases take off at an exponential rate, and that includes the United States.  Monkeypox cases have now been confirmed in 45 U.S. states, and the total number of U.S. cases has jumped to 2,102.  Any chance of containing this disease is gone, and that is really bad news. (Read More...)

You may not want to buy a house right now.  What goes up must eventually come down, and we have just entered the “down” side of that equation.  Over the past two years, home prices in the United States have gone up nearly 40 percent.  Now mortgage rates are rising at a pace that is truly frightening, and they are likely to go even higher in the months ahead as the Federal Reserve continues to fight a relentless war against inflation.  Needless to say, higher mortgage rates mean higher potential mortgage payments for prospective home buyers, and so millions of Americans are being priced out of the marketplace right now.  The only thing that is going to bring those buyers back into the marketplace is for home prices to go down, and that is already starting to happen in some areas of the nation. (Read More...)

It is happening again.  Lines at food banks all across the country are getting extremely long, and this is happening even though we are still only in the very early stages of the next major economic downturn.  If the lines are this long already, what will they look like six months or a year from now?  Since the beginning of 2022, I have been relentlessly warning my readers about the rapidly emerging food crisis that we are witnessing all over the globe.  Food supplies have been getting tighter and tighter, and now insane weather patters are causing crops to fail throughout the northern hemisphere.  We really are moving into unprecedented territory, but this hasn’t really hit home with the general population yet. (Read More...)