Economy

It Appears That We Have A Major Problem With The Banks

In recent weeks there have been numerous high profile bank “glitches”, accounts are being shut down without warning at a staggering rate all over the nation, and more institutions continue to get into very serious financial trouble.  For…

Living Paycheck To Paycheck Has Become “The Main Financial Lifestyle” For U.S. Consumers

Despite the fact that our politicians in Washington have been borrowing and spending trillions of dollars that we do not have in a desperate attempt to prop up the economy, living paycheck to paycheck has become a permanent…

This War Will Push Rapidly Escalating Global Food Prices Into Overdrive

The only way that we can continue to have cheap food is if we have cheap energy.  We use energy to grow our food, to harvest our food, to produce our food and to package our food.  And…

Central Banks: The Standard American Household Is A Millionaire

Because of inflation and some central bank tricks, the standard American household has now reached millionaire status.  According to the Federal Reserve’s consumer finance survey, money is ridiculously tight amid the cost of living crisis, but the average American…

We Haven’t Seen A Subprime Borrower Meltdown Of This Magnitude Since The Last Financial Crisis

It is happening again.  All over America, borrowers are getting behind on their payments.  In particular, subprime borrowers are having a very difficult time paying the bills.  Does that ring a bell?  That should, because the last time…

A Financial Crisis Is Here! US Banks Are Closing Down Hundreds Of Branches & Laying Off Thousands Of Workers

I know that there is a lot going on in the world right now, but I just had to write about what is happening to our banks.  High interest rates and chaos in the real estate industry are…

Americans, This Timeline Of The Venezuelan Economic Collapse May Look Familiar To You

During my interview with Leah Southwell, regarding the socialist revolution that she witnessed in Chile, she mentioned that many Venezuelans were in Chile and saw the same things occurring in their country that were occurring then in Chile. …

Costco Is SELLING OUT of Gold Bars – The Economic Crisis Can No Longer Be Hidden

These days, at Costco, it seems like you can get whatever you need for the Zombie Apocalypse. A savvy shopper can purchase anything from a massive bulk pack of toilet paper they can barely fit into the trunk…

We Are Witnessing One Of The Greatest Financial Market Crashes In History Right Now

History is starting to repeat itself.  In 2008, bond prices crashed before stock prices did.  Here in 2023, bond prices are crashing again.  In fact, we are currently witnessing one of the greatest financial crashes in U.S. history…

We Have Reached The Terminal Phase Of The Greatest Debt Spiral In The History Of The Human Race

If you are going to go out, you might as well do it with a bang.  At the beginning of June, our national debt was sitting at $31,467,639,287,894.39.  Today, it has risen to $33,442,148,619,617.43.  That means that we…

Life In America Has Never Been More Unaffordable Than It Is Right Now

Our standard of living is being systematically destroyed, but for a lot of years many Americans didn’t fully understand what was taking place because it was happening so slowly.  But now we have reached a stage where the…

10 Numbers Which Prove That The U.S. Economy Has Hit A Major Pivot Point

During the summer, many of the experts repeatedly assured us that the U.S. economy would be able to avoid a recession, but now reality is setting in.  Credit conditions continue to tighten, home sales are falling, credit card…

Who Will Be Affected by a Government Shutdown? Not Ukrainians, Just Americans

Another year, another looming government shutdown. While part of me says, “Hey, don’t threaten ME with a good time,” the nicer part is concerned for the Americans who will be affected by this. For example, essential government workers…

BIDENOMICS: August Bankruptcies Spike, 2023 Highest on Record

These bankruptcies will feed into unemployment as the employment picture starts to shift. And the debt hit 33 trillion. Zombie corporations employ 2.2 million people – when zombies fail all at once, it will exacerbate a crisis and pose…

This Extremely Important Indicator Is Absolutely Screaming That A Recession Is Coming

A lot of the talking heads on television seem to think that the threat of a recession has passed.  So exactly why have these talking heads come to such a ridiculous conclusion?  Well, they figure that if a…

The Child Poverty Rate In The United States Has More Than Doubled

If you take an honest look at the numbers, the obvious conclusion is that the U.S. economy is rapidly going in the wrong direction.  Delinquency rates are soaring, sales of previously-owned homes have declined by more than 32 percent over…

The Middle Class Is Increasingly Becoming “The Impoverished Class”, And The Poor Are Increasingly Being Pushed Into The Streets

America’s middle class is being systematically eviscerated.  When the Federal Reserve pumped trillions of dollars into the financial system during the pandemic, most Americans didn’t realize what that would do to them.  That money certainly made the wealthy…