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Economy

China has chosen to strike back and hit the United States with tariffs in response to the Trump administration’s 10% tax on Chinese goods. Beijing retaliated with duties, export controls, and an investigation into U.S. big tech. Bloomberg reported that Beijing slapped a 15% tariff on U.S. coal and liquefied …

It is so important to know when you are holding a losing hand.  Canadian Prime Minister Justin Trudeau initially insisted that he would never back down, but Donald Trump had most of the leverage in this situation.  Canada’s economy is very heavily dependent on foreign trade, and the U.S. is …

Most Americans realize that the federal government is drowning in debt and that inflation is out of control.  But very few Americans can coherently explain where money comes from or how our financial system actually works.  For decades, bankers that we do not elect have controlled America’s currency, have run our …

Will the insurance industry be able to survive tens of billions of dollars in losses from the Los Angeles fires?  There have been catastrophic fires in California before, but never anything quite like this.  So what is going to happen to homeowners if their insurance companies go bankrupt and cannot pay? …

A demented crackpot is waging war against the American people in his final days. Related: Biden Permanently Bans New Oil and Gas Drilling Along Most U.S. Coasts, 625 Million Acres In a significant regulatory shift that took place quietly the day after Christmas, the Biden administration finalized new climate rules targeting natural gas-powered instantaneous water heaters. The …

The U.S. government is currently constructing the most colossal monument in the history of the world.  It is a monument of debt, and we will forever be remembered as the nation that piled up far more debt than anyone else ever did.  For decades, this generation has been recklessly spending …

It is starting to look a lot like the last financial crisis.  Americans are defaulting on their credit cards at a rate that we haven’t seen in more than a decade, and this could have very serious implications for our financial institutions as we move into 2025.  Easy credit has …

All over America, our core urban areas are teeming with tent cities, hordes of homeless drug addicts, and vast throngs of newly arrived migrants that don’t have anywhere to go.  When I wrote about this topic one year ago, homelessness in the U.S. was at an all-time record high, and …

The fact that economic conditions are getting worse is certainly not good news, but it is better to know in advance what is coming.  After four years under Joe Biden, the U.S. economy is a giant mess.  We have been witnessing a slow-motion collapse right in front of our eyes, …

There are signs of an impending economic collapse and yet the government continues to paint a rosy picture of prosperity while pushing inflation to limits. The economy is in far worse shape than most official reports would have the public believe. Inflation, which has been out of control, is surging once …