The Economic Collapse

Americans still love hamburgers and French fries, but they sure are a lot more expensive than they once were.  In fact, as you will see below, the price of ground beef in the U.S. has risen 16.2 percent during the last 12 months.  No matter how you look at that number, it is terrible.  Of course just about everything else at the grocery store has been getting more expensive too.  These days, a shopping cart full of food is a major expense for most American families.  Meanwhile, the global food crisis just continues to intensify.  According to a recent report from the UN’s World Food Program, global hunger is “skyrocketing”… (Read More...)

Why can’t we just be objective about the economic numbers?  When Joe Biden was in the White House, many Republicans (including Donald Trump) used the word “fake” to describe the economic numbers that the federal government was putting out.  And as I documented extensively throughout the Biden administration, the rosy economic numbers that we were getting from the federal government certainly diverged greatly from reality.  But now that Biden is out of the White House, we are suddenly supposed to believe that the federal economic numbers that are being calculated by the exact same people as before are somehow legit?  Come on.  If the government was giving us “fake” economic numbers six months ago, they are still giving us “fake” economic numbers today. As I will discuss below, the same absurd “adjustments” that were being made during the Biden administration are still being made now. (Read More...)

What in the world just happened to the job market?  The unexpectedly bad numbers that have just come in have truly been a shock to many of us.  Yes, we knew that conditions were getting worse during the early stages of this year.  In fact, the Federal Reserve Bank of New York has publicly admitted that the labor market “deteriorated noticeably” during the first quarter of 2025.  But now it is becoming clear that our economic slide is threatening to become an economic avalanche. (Read More...)

Why are thousands of Walmart workers suddenly “vanishing” all over the nation? And why are vast numbers of agricultural workers suddenly no longer showing up for work? What I am about to share with you is extremely alarming. During the “open border years”, our economy became extremely dependent on very cheap migrant labor. Now that the border has been secured and mass deportations are occurring, major employers throughout the country are experiencing a case of severe whiplash. (Read More...)

The U.S. dollar just keeps getting weaker and weaker, and that is a major problem because our current standard of living depends on having a strong dollar.  When the U.S. dollar is strong relative to other national currencies, our paychecks stretch farther and we can buy more stuff.  Conversely, when the U.S. dollar is weak relative to other national currencies we can’t buy as much stuff and our standard of living goes down.  So the fact that the U.S. dollar is “having its worst start to the year since 1973” should deeply alarm all of us… (Read More...)

One of the most important Shiite clerics in the entire world, Grand Ayatollah Makarem Shirazi of the Iranian holy city of Qom, has just issued a fatwa which officially declares Donald Trump to be an “enemy of God”.  In Iran, those that are designated to be “enemies of God” under Islamic law are normally executed.  According to an Iranian news source, the reason why Grand Ayatollah Makarem Shirazi has issued this fatwa is because Trump threatened Iran’s Supreme Leader Ayatollah Khamenei and other top Iranian leaders… (Read More...)

While everyone has been preoccupied with the war in the Middle East and the anti-ICE protests going on around the nation, economic conditions in the U.S. have continued to deteriorate.  The housing market is in abysmal shape, consumer spending is down and layoffs are way up.   Meanwhile, fear of our seemingly endless cost of living crisis is preventing the Federal Reserve from cutting interest rates, and we shouldn’t expect any additional “economic stimulus” from our politicians in Washington any time soon because the federal government is already facing an unprecedented debt crisis.  In other words, our economy is a giant mess and the cavalry isn’t going to come riding along to save us. (Read More...)

Nobody seems to know what happened to Iran’s enormous stockpile of enriched uranium.  Until we learn the fate of that uranium, I think that it is premature for anyone to be declaring victory.  Of course now that the ceasefire appears to be holding, everyone is declaring victory.  Israel is declaring victory, Iran is declaring victory, and President Trump is declaring victory.  But what is the truth? (Read More...)