The Economic Collapse

I have to admit that I am feeling pretty frustrated today.  Last week, there was so much optimism that we could finally see peace, but now “war fever” has returned with a vengeance.  The situation in the Middle East threatens to spiral out of control, there is a very real possibility that the U.S. military could soon be conducting operations in Mexico and Venezuela, and it appears that our last chance for peace with Russia could be going up in smoke.  I was writing about a coming war with Russia many years before it became fashionable, and I continue to warn in the strongest terms possible about what will happen if we do not reverse course.  But of course world leaders do not listen to people like us, and they continue to make decisions that could drag us into the unthinkable. (Read More...)

Other than the early months of the pandemic, we haven’t seen anything like this for a long time.  Mass layoffs are happening all over the nation, major retailers and large restaurant chains are deeply struggling, and the cost of living is out of control.  I am going to share more numbers with you today that confirm that a very painful economic downturn is now upon us.  For example, a survey that was recently conducted by outplacement firm Careerminds discovered that 78 percent of HR leaders in the U.S. admit that their companies have been through multiple rounds of layoffs.  In fact, 40 percent of HR leaders in the U.S. say that layoffs are now occurring quarterly at their companies… (Read More...)

You may be quite shocked by the numbers that I am going to reveal in this article. So many people are bitterly complaining about the rising cost of living, and so I decided to do some investigating. What does it really cost for a family of four to live the “American Dream” today? As I was doing my research, what I discovered deeply alarmed me. (Read More...)

What I am about to share with you is some of the clearest evidence yet that the middle class in America is being systematically destroyed.  Young adults are forming middle class households at an extremely depressed rate, and that is because the American Dream is simply out of reach for most of them in this very harsh economic environment.  If you can’t get a good job that pays an adequate wage, you aren’t going to be able to live a middle class lifestyle.  Sadly, many older Americans simply do not understand how difficult things have become for our young adults in this day and age. (Read More...)

Do you feel knots in your stomach due to financial stress? If so, you certainly have lots of company. All of a sudden, everyone is talking about the cost of living and prices are rising by double-digit percentages all around us. There are so many people out there right now that feel like they are “drowning” because no matter how hard they try there simply isn’t enough money for everything. Unfortunately, we are being warned to brace ourselves for even more inflation in the months ahead. (Read More...)

Well, that was quite a shock.  We just got confirmation that inflation is starting to accelerate once again.  That is really bad news, because the cost of living has already been stressing people out all over the country.  In fact, one recent survey found that 86 percent of Americans are stressed out about grocery prices.  But it isn’t just the cost of food that has been going up.  We have been getting slammed by double-digit price increases in every direction, and that is having enormous consequences.  Our standard of living is eroding with each passing month, and as a result the middle class is steadily shrinking. (Read More...)

Donald Trump and Vladimir Putin are about to make decisions that could radically alter the trajectory of human history.  When they meet in Alaska on Friday, the stakes will be incredibly high.  If they are able to agree to some sort of a deal, the world will rejoice.  But if the meeting goes badly, there will be immense pressure on western leaders to militarily intervene in Ukraine in order to prevent Russia from taking as much territory as it wants.  At the moment, Russian forces are moving forward quite rapidly.  If negotiations can stop them, western leaders will be thrilled.  But if talks fail, the conflict in Ukraine will dramatically escalate, and that will put us dangerously close to nuclear war. (Read More...)

If you recently graduated from college, good luck trying to find a decent job. What we are experiencing right now reminds me so much of the early 1990s. If you were a new college graduate in those days, it was extremely difficult to even get an interview for a good job. Sadly, we are now entering a very similar environment. There is enormous competition for any good job that is available, and mass layoffs are occurring all over the nation. In fact, through the first 7 months of this year the number of job cut announcements in the U.S. was 75 percent higher than it was during the first 7 months of 2024. I am not here to give people the Pollyanna version of what is going on. I am here to give people the truth. (Read More...)