The Economic Collapse

The alarms are getting even louder each week.  It has become exceedingly clear that the U.S. economy has entered a crisis that is similar to what we experienced in 2008 and 2009, and a lot of people are really starting to freak out.  For those that cannot see the stunning parallels between the Great Recession and what we are going through now, I don’t know what to say to them.  There are a lot of people out there that simply choose to believe whatever they want to believe no matter what the evidence indicates.  In this case, all of the evidence is pointing in a single direction. (Read More...)

Pundits have been talking a lot about America’s “K-shaped economy” lately, but most average people on the street have no idea what that means.  Basically, it means that the wealthy are getting even wealthier while almost everyone else is getting monkey-hammered.  Yesterday, I detailed 11 signs that economic conditions in the U.S. are the worst that they have been since the Great Recession, but if you have plenty of money you may feel like everything is just great right now.  For those at the top of the economic pyramid, it could be argued that these are the best of times because the stock market has been soaring.  But for many of those at the bottom of the economic pyramid, it literally feels like we are in the midst of a horrifying economic crisis. (Read More...)

Do you remember how bad things were in 2008 and 2009?  It was an economic nightmare that shook the entire world, and now it appears that the sequel is upon us.  As you will see below, many economic numbers are either as bad as they have been since the Great Recession or they are even worse than they were during the Great Recession.  Despite what the mainstream media has been telling you, the truth is that the cold, hard facts prove that the U.S. economy has been rapidly heading in the wrong direction for years.  Now we have reached a major tipping point, and it won’t take much to push us over the edge. (Read More...)

What will the loss of hundreds of thousands of law-abiding citizens mean for New York City? It doesn’t take a rocket scientist to answer that question. When large numbers of law-abiding citizens leave any area, conditions get worse. And when conditions get worse, that motivates even more law-abiding citizens to leave. Meanwhile, the election of Zohran Mamdani will make the Big Apple a magnet for criminals, gang members, radical Islamists, economic parasites, far left political activists and those that have entered this country illegally. New York City has entered a horrifying death spiral, and there is little hope that this death spiral can be reversed any time soon. (Read More...)

We are less than two weeks into the month of November, and the mainstream media is telling us that millions of Americans are “starving”.  If our society is this vulnerable to a temporary disruption in food stamp benefits, what is it going to be like when global events really start hitting the fan and there is no food in our grocery stores at all?  Much of the population is just a few missed meals away from going completely haywire.  For now, at least those that have not received their food stamp benefits this month can rely on local food banks.  But would you be willing to line up at 2:30 in the morning just to get some free food?  That is precisely what just happened in the Bronx… (Read More...)

It is starting to look a lot like the Great Recession again.  I thought that the pace of layoffs in 2024 was bad, but it has just exploded here in 2025.  Vast numbers of good paying jobs are being ruthlessly eliminated, and competition for any decent jobs that are still available has become extremely fierce.  In some cases, workers that have many years of experience are applying for hundreds of jobs but are not even able to get a single interview.  I have said this before, and I will say it again.  If you currently have a job that you highly value, hold on to it as tightly as you can.  You don’t want to be left without a chair when the music stops playing. (Read More...)

For a long time, a lot of people wanted to deny what was happening to us. But now we have reached a point when you can no longer do that and retain your credibility. Job openings have been plummeting, and layoffs have been spiking. Manufacturing activity is way down, and delinquency rates are way up. In fact, the credit card delinquency rate just hit the highest level that we have seen since 2011. Just about everything has gotten significantly more expensive, and America’s food banks are being overwhelmed by vast numbers of hungry people. Nobody can deny any of these things, and now U.S. Treasury Secretary Scott Bessent is publicly admitting that “there are sectors of the economy that are in recession”… (Read More...)

As grocery prices have risen, demand at food banks throughout the country has surged to very alarming levels.  At the end of 2024, I wrote about how demand at food banks had risen to record levels all over the United States.  Unfortunately, demand has continued to rise in 2025, and now the government shutdown has shifted America’s hunger crisis into overdrive.  Millions of very hungry people are showing up at food banks looking for something to eat, and resources are being stretched to the limit. (Read More...)