The Economic Collapse

This is bad.  This is really, really bad.  Investors loved the ride up, but now the Federal Reserve is helping to destroy the bubble that it once so eagerly created, and trillions of dollars in paper wealth is being wiped out in the process.  Unfortunately, our system is not really designed to handle this sort of carnage.  So many in the financial world live right on the edge, and when things go really, really bad the dominoes can start falling at a pace that is absolutely breathtaking.  We witnessed this back in 2008, and it could soon happen again. (Read More...)

Have you ever heard of a survey where 100 percent of the respondents agree?  I can’t ever recall seeing one like that, but as you will see below, 100 percent of the corporate CFOs that were just surveyed by CNBC believe that a recession is coming by the end of next year.  At this point, our economic troubles are growing so rapidly that you would have to be deaf, dumb and blind not to see what is happening.  A meltdown of historic proportions has already begun, and there is economic gloom just about everywhere that you look. (Read More...)

We haven’t seen anything like this in decades.  Energy prices are soaring to unprecedented heights.  Food shortages in some parts of the world are starting to become quite severe.  Rampant inflation is out of control all over the globe.  Meanwhile, economic activity is slowing down everywhere that you look.  Some are comparing this current crisis to the “stagflation” of the 1970s, but I believe that is a far too optimistic assessment.  Just about everyone can see that economic conditions are rapidly deteriorating, and there is a tremendous amount of alarm about what the months ahead will bring. (Read More...)

I hope that you are enjoying these beautiful summer weekends while you still can, because it appears that very troubled times are dead ahead.  Simultaneously, inflation continues to spiral out of control even as economic activity in the U.S. dramatically slows down.  Many have compared what we are currently experiencing to the “stagflation” of the 1970s, but the truth is that what we are facing will eventually be so much worse than anything that we went through back then.  A meltdown of historic proportions is here, and as you will see below, some of the biggest names in the entire country are talking about it. (Read More...)

We have faced a lot of significant challenges in modern American history, but nobody will ever forget the economic horror that is breaking loose during Joe Biden’s time in the White House.  For years, we were warned that the policies that our leaders were pursuing would destroy the value of our currency and unleash rampant inflation.  Now it has happened.  For years, we were warned of a looming global energy crisis that would inevitably hit us.  Now it is here.  But what we have been through already is just the beginning.  The shortages that we are experiencing now will get worse.  Many of the ridiculously high prices that we are seeing now will seem like bargains by the end of the year.  And right now the U.S. economy appears to be rapidly slowing down at the exact same moment that economies all over the globe are moving in the wrong direction.  The CEO of Goldman Sachs just told us that “there’s going to be tougher economic times ahead”, and he is not exaggerating one bit. (Read More...)

Not too long ago, the elite were trying to put a happy face on our growing economic problems.  It was obvious that things were trending in a very alarming direction, but they kept assuring us that any bumps in the road were just temporary and that a new golden age of prosperity was just around the corner.  Needless to say, there were dead wrong, and now some of them are publicly admitting the truth.  For example, JPMorgan Chase CEO Jamie Dimon just publicly stated that an economic “hurricane” is rapidly approaching… (Read More...)

All of a sudden, just about everyone is upset about inflation.  It would have been nice if everyone would have been this upset back when our leaders were making the exceedingly foolish decisions that resulted in this crisis.  In May 2012, the federal government was 15 trillion dollars in debt.  Now we are 30 trillion dollars in debt, but our politicians continue to spend money as if tomorrow will never come.  Meanwhile, the Federal Reserve has pumped trillions of dollars that they created out of thin air into the financial system in recent years.  For a very long time, I passionately denounced what our leaders were doing, because I knew what would happen.  Now a day of reckoning has arrived, and millions upon millions of Americans are absolutely desperate for things to return to normal.  Unfortunately, that simply is not going to happen. (Read More...)

We are supposed to believe that what we are witnessing is just one “tragic accident” after another.  We aren’t supposed to see any sort of a pattern, and we aren’t supposed to ask any questions.  Last month, I wrote an article about 16 mysterious fires that have happened at important food industry facilities in the United States since the start of 2022.  Unfortunately, this trend has continued since that time.  In fact, there have been more “accidental fires” in recent days, and I believe that the American people deserve some answers. (Read More...)