The Economic Collapse

How do 911,000 jobs suddenly disappear into thin air?  Can someone explain that to me?  Throughout 2024, I wrote extensively about how all of the reliable numbers showed that economic conditions in the United States were deteriorating.  But those that were skeptical of what I was saying would point to the employment numbers that the government was giving us as evidence that everything was just fine.  Of course I didn’t have any faith in those numbers, and now we see exactly why I didn’t have any faith in those numbers.  They were fake the entire time.  We were sold a lie based on numbers that were completely fraudulent. (Read More...)

What in the world has happened to us? When I was growing up, it was assumed that pretty much everyone in my generation would be able to achieve the American Dream. But today most of the U.S. population is not living the American Dream, and more people are falling out of the middle class every day. As I have detailed in previous articles, this is particularly true for Millennials and those in Generation Z. The collective prosperity of the middle class has been declining for an extended period of time, and now that long-term decline threatens to become a full-blown avalanche. (Read More...)

Are we defined by what we do?  For so many of us, our identities are tied to our occupations.  For example, when I worked in the legal field many years ago so many of my colleagues took great pride in being able to say “I’m a lawyer” when they were asked about their lives.  Unfortunately, we live in a society where our personal worth is largely determined by what kind of jobs we have or how much money we make.  I wish that our society did not look at people this way, but that is the reality of the world that we live in now.  Unfortunately, large numbers of Americans are now losing the jobs that they value so much, and competition for any good jobs that do happen to be available has become extremely fierce.  In fact, I am going to share a story with you in this article that is so extreme that you may not believe it, but it is actually true. (Read More...)

The employment numbers for the month of August were just released, and they are horrible. Sadly, they have now been horrible for several months in a row, and many economists are warning that conditions will get even worse during the months ahead. Other than during the early days of the pandemic in 2020, we haven’t seen anything like this since the Great Recession. If you have a job that you value, hold on to it very tightly, and if you are currently looking for work try to find something as soon as you can before competition for jobs becomes even more intense. (Read More...)

Nobody can deny that the U.S. economy deteriorated dramatically during the four years that Joe Biden was in the White House.  In fact, it was probably the biggest reason why the Democrats lost control of the White House.  The American people were desperate for change, because economic conditions had become extremely painful.  Of course the Biden years were just one chapter in America’s long-term economic decline.  Debt levels have been exploding and our standard of living has been deteriorating for a very long time, but there was hope that conditions would start to improve in 2025. (Read More...)

One of the things that America’s ultra-wealthy elite want more than anything else is spaces where access is very tightly controlled so that they can remain separate from those of us in the general population.  When I was growing up, getting into the right club or the right neighborhood was considered to be a status symbol, but these days the primary purpose of “controlled access” institutions is to keep the wrong people out.  The ultra-wealthy elite can see what is happening to the general population as a whole, and they simply do not want to interact with it.  As a result, our society is increasingly being segregated according to wealth.  Those that have lots of money get to live the high life, while most of the rest of us are deeply struggling. (Read More...)

I kept warning about what would happen to our economy if we stayed on the path that we were on.  For decades, our leaders have been making unbelievably bad decisions, and now the consequences are really starting to catch up with us.  The cost of living has become incredibly painful, a larger housing bubble than the one that we faced just prior to the Great Recession is beginning to burst, and large companies are conducting mass layoffs all over the country.  We were handed the keys to the greatest economic machine that the world has ever seen, and our leaders have completely wrecked it.  As a result, economic pessimism has soared to unprecedented heights. (Read More...)

During the month of September and the early portion of October, we will witness a remarkable convergence of events. Of course this convergence of events just happens to be occurring at a time when it feels like this period of history is building up to some sort of a crescendo. 2025 has been a year of war, it has been “the year of the fire”, it has been “the year of the flood”, it has been a year when we have witnessed a highly unusual number of earthquakes, and it has been a year when horrifying pestilences have been erupting all over the globe. So it has already been a really crazy year. But could it be possible that it is about to get even crazier? (Read More...)