The Economic Collapse

The elite aren’t stupid. They can see that our society is coming apart at the seams all around us, and so they want to live some place safe. In fact, for many among the elite security has become the number one priority when choosing a new home. Unfortunately, the vast majority of us do not have the resources to move into high security communities guarded by teams of armed professionals. When things really start hitting the fan, most Americans are just going to have to deal with the chaos that is suddenly erupting all around them. (Read More...)

Once upon a time potatoes were what the poorest people in society would eat because they were so inexpensive.  But now we are being charged an average of $4.19 for a carton of medium fries at McDonald’s.  There are many that are very upset about the rapidly rising cost of fries, and this is yet another example that shows that our standard of living is being absolutely shredded.  As costs rise, the labor market just continues to get even weaker.  So we are being hit with much higher prices at the same time that paychecks are stagnating and mass layoffs are occurring all over the nation.  So what is going to happen to our standard of living if these trends continue to intensify during the months ahead? (Read More...)

The ride up was a lot of fun for crypto investors, but now many of them are getting wiped out by the ride down. For a long time, people were using borrowed money to make absolutely enormous returns in the cryptocurrency market. Unfortunately, that bubble is bursting and an epic cryptocurrency crash is now upon us. The price of Bitcoin has fallen to the lowest level that we have seen in more than six months, and other major cryptocurrencies are getting slammed even harder. In many cases we are seeing forced liquidations take place, and it certainly wouldn’t take much for this panic to bleed over into the stock market. There have already been plenty of signs that the AI bubble is beginning to burst, and once investors start rushing for the exits it could easily turn into a stampede. (Read More...)

During the days of the Great Recession, rapidly falling home prices caused all sorts of havoc for our major financial institutions. Unfortunately, home prices are starting to plummet once again in many areas of the country. And just like during the last housing crash, we are also seeing a surge in foreclosure filings. That doesn’t mean that this current crisis is going to look exactly like what we experienced the last time around. But nobody can deny that there are a lot of alarming similarities between what we are going through now and what we went through during the days of the Great Recession. (Read More...)

The middle class in the United States is being systematically destroyed. I know that this may sound like an obvious statement to many of you, but when I first started writing about this more than a decade ago it wasn’t an obvious statement. For years, the middle class was slowly eroding, but now the decline of the middle class has become an avalanche. Even the mainstream media is talking about America’s “K-shaped economy” these days, and nobody can deny that the poor are steadily getting poorer. (Read More...)

Do you want to see a very clear sign that our standard of living has gone way down?  When I was growing up, middle class and low-income Americans flocked to fast food restaurants such as McDonald’s and Wendy’s.  But now we are being told that high prices have “driven away lower-income customers” from McDonald’s, and Wendy’s is being forced to close hundreds of locations.  Most of us just can’t afford it anymore.  U.S. consumers are being squeezed financially to a degree that we have never seen before, and as a result most of them have very little discretionary income to spend. (Read More...)

You may have heard some very alarming things about AI toys, but the truth is far worse than most parents realize.  If we can get this information out to enough parents, sales of AI toys will collapse, and that will be a very good thing.  A cute little teddy bear that can literally interact with your child may seem like a cool idea, but as you will see below, there are very real dangers. (Read More...)

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...)