Economy
Everybody Is Talking About The Cost Of Gasoline – Soon Everybody Will Be Talking About The Cost Of Food
For most people, the price of gasoline is the most obvious consequence of the war in the Middle East. As I write this article, the average price of a gallon of gasoline in the United States is $4.56. Of…
Americans Are Getting Behind On Their Debts At A Very Frightening Pace
U.S. households are now 18.79 trillion dollars in debt. In 1980, U.S. households were just 1.4 trillion dollars in debt. Over the past several decades, we have witnessed a household debt binge that is unlike anything that we…
Empty Tankers Sail to the US to Load Up on Oil – Is This a Victory?
Overseas buyers are depleting domestic oil reserves. The World Can’t Get Enough U.S. Energy The Wall Street Journal reports The World Can’t Get Enough U.S. Energy, Keeping Prices High for Americans For now, the U.S. has been able to…
If You Think Prices Are High Now, Just Wait Until The Shortages Really Start Kicking In
On Monday morning, the front page of the Drudge Report featured a very alarming two-word headline in all capital letters: “INFLATION ACCELERATES”. Of course, that headline was 100% accurate. Prices are rising and our seemingly endless cost-of-living crisis…
More Than 80% Of Young Adults Believe That The Economy Is “Bad” Or “Terrible” And We Are Seeing The Consequences All Over America
Decades of economic decline have brought this country to a breaking point. The vast majority of the population is barely scraping by from month to month as prices continue to rise, thousands of stores and restaurants close, foreclosures…
US Debt Again Exceeds 100 Percent of GDP, Trajectory Unstoppable?
Incorrect headlines say this is the first time since WWII. Not quite, counting Covid. US Federal Debt Current Details Total: 39,065 trillion Debt Held by the Public: 34.431 trillion Debt Held by Foreign and International Investors: 9.248 trillion…
Warning: Trump Did That! In California, Gasoline Is 6 Now Dollars A Gallon And Diesel Is Now 7 Dollars A Gallon
You have probably noticed that gasoline is starting to become extremely expensive. That is really bad news for all of us, because our entire way of life depends on cheap energy. We can’t make stuff without energy. We…
Airlines Are Cutting Costs & Grounding Flights As Fuel Crisis Expands
Airlines have started raising costs and cutting routes as the fuel crisis, spurred by the Iran war, has increased costs. The risk of last-minute cancellations and disruptions before the summer holiday season is also rising. The jet fuel…
The Petrodollar Theory Is Dead
Several readers asked me to discuss the petrodollar. Here are two pertinent theories. Theory #1 – War Is a Boon for the Petrodollar Wall Street Journal writer Diana Choyleva claims The Iran War Is a Boon for the Petrodollar…
Fed Study Shows Tariffs Boosted Goods Inflation by a Cumulative 3.1 Percent
By the seventh month, the tariff cost pass-through to consumers hits 100 percent. Please consider the Fed study Detecting Tariff Effects on Consumer Prices in Real Time – Part II Introduction Major changes in U.S. trade policy last year…
The Theft of Your Good Deflation
The dollar continues to lose value every, single day. The problem is that the American people don’t understand why that is so. They don’t understand that the massive, unconstitutional spending by DC results in more money printing, which…
Economically Illiterate Trump Tells The World To “Buy Jet Fuel from Us”
Trump again proves he does not know how global markets function. Truth Social All of those countries that can’t get jet fuel because of the Strait of Hormuz, like the United Kingdom, which refused to get involved in…
The Greatest Theft In History! The Banks & Government Are Stealing $3.5 Million From The AVERAGE Worker
HOW THE BANKS AND “GOVERNMENT” WILL STEAL AT LEAST $3.5 MILLION FROM EVERY WORKING AMERICAN… “LEGALLY” Understanding the (Mostly) Invisible Theft: Inflation from Fractional Reserve Banking + Government Taxes + Social Security COLA Underpayment The transfer of wealth…
Severe Shortages Of Oil & Gas Are Beginning To Happen All Over The World
Why is the mainstream media in the United States being so quiet about this? All over the globe, very serious shortages of oil and gas are starting to occur. The information that I am about to share with…
Thanks To The War In Iran, A Moment Of Reckoning Has Arrived For The Entire Global Economy
Global financial markets are starting to shake, and it is because of what is happening in the Middle East. At this stage, every day is a rollercoaster ride for investors, and that is not likely to change any…
The Largest Supply Disruption In History Has Made The Price Of Oil The Most Important Economic Number In The World At This Moment
What a wild week it has been already. On Sunday night, I watched as the price of oil hit $116 a barrel. It was insane. Financial markets started to panic all over the world because investors know that…
The Economic Impact Of This Horrifying War With Iran Is Not Going To Be Pretty
There is no way to get around it. We are facing a major global economic disruption, and the longer this war goes on, the worse it will get. As I have reminded my readers on numerous occasions, our…
