Economy
The Bubble Is Bursting: Delinquency Rates Have Doubled & Credit Card Defaults Are Soaring
Did you know that U.S. households are carrying $1.18 trillion in credit card debt? Considering the fact that the average rate of interest on credit card balances is now over 20 percent, that is not good news at…
10 Economic Facts That Nobody Can Deny
If you ask 1,000 different Americans about the state of the U.S. economy, you will get 1,000 different opinions. But what is the truth? In this article, I am going to share information with you that is indisputable.…
As The Global Food Crisis Escalates, The Price Of Ground Beef In The US Is Up 16.2% Over The Past 12 Months
Americans still love hamburgers and French fries, but they sure are a lot more expensive than they once were. In fact, as you will see below, the price of ground beef in the U.S. has risen 16.2 percent…
We Need To Talk About Why The Dollar Is Dying & How The Employment Numbers Are Being Manipulated
Why can’t we just be objective about the economic numbers? When Joe Biden was in the White House, many Republicans (including Donald Trump) used the word “fake” to describe the economic numbers that the federal government was putting…
Something Just Broke: U.S. Employment Tanked In June, 744,308 Job Cuts Have Been Announced So Far This Year, & Retail Layoffs Are Up 255%
What in the world just happened to the job market? The unexpectedly bad numbers that have just come in have truly been a shock to many of us. Yes, we knew that conditions were getting worse during the…
Walmart Workers Are Suddenly “Vanishing”, And You Will Be Stunned To Learn The Reason Why This Is Happening
Why are thousands of Walmart workers suddenly “vanishing” all over the nation? And why are vast numbers of agricultural workers suddenly no longer showing up for work? What I am about to share with you is extremely alarming.…
This Is The Worst Year For The U.S. Dollar Since The Oil Crisis Of 1973
The U.S. dollar just keeps getting weaker and weaker, and that is a major problem because our current standard of living depends on having a strong dollar. When the U.S. dollar is strong relative to other national currencies,…
$100? $200? $300? – How Catastrophically High Will The Price Of Oil Go When Iran Closes The Strait Of Hormuz?
It is being reported that Iran is seriously considering closing the Strait of Hormuz. We don’t know how high the price of oil will go if that happens, because it has never happened before. Of course, I think…
10 Signs Of The Tremendous Economic Suffering That Is Quickly Spreading All Around Us
I am so tired of hearing that “everything is fine” when everything is most certainly not fine. Every day, I hear from people that are really suffering in this harsh economic environment. Some can’t find work, others are…
Self-Inflicted Suicide: Los Angeles Passes New $30 Minimum Wage for Hotel and Airport Workers
With benefits, the effective wage is $38.35. This is inflationary. New Minimum Wage AI Overview Los Angeles is moving towards a $30 minimum wage for hotel and airport workers by 2028, a move supported by unions and some…
30 Trillion Dollars In 30 Years – The Greatest Party In The History Of The World Has Destroyed America’s Future
When you spend 30 trillion dollars that you do not have, it is easy to create an illusion of prosperity. In 1995, the nation was obsessed with the O.J. Simpson trial, “Toy Story” was the biggest movie of…
Traffic At US Ports Has Absolutely Plummeted Compared To Last Year – New Crisis Threatens To Turn US Relations With China Into Massive Dumpster Fire
Did you know that we just witnessed the largest decline in U.S. imports in the entire history of our nation last month? Unfortunately, things didn’t get any better this month. In fact, during the final week of May…
Middle Class Collapsing: Nearly 1 Out Of Every 4 Americans Is Now “Functionally Unemployed”
Do you ever feel like you are “functionally unemployed”? If so, you are definitely not alone. There are lots of people out there that cannot pay the bills each month even though they have jobs. In fact, there…
China Tariff Rollback Is a TEMPORARY Reprieve
It looks like we’ll get a temporary reprieve of three months as the United States and China have come to an agreement about the tariffs and put them on hold briefly. Tariffs will be reduced from 140% to…
The Truth About The “Trade Deal” With China
Everybody is so happy right now. The Dow Jones Industrial Average was up more than 1,000 points today, the talking heads on television are bubbling over with optimism, and even many of President Trump’s harshest critics are cheering.…
The Trade War Price Hikes Are Starting To Hit, And They Certainly Aren’t Small
When prices go up, our standard of living goes down. That is the way that it works. I have been writing quite a few articles about the shortages that the global trade war is going to cause in the months…
It Is Really Happening: The Numbers Show That U.S. Exports And U.S. Imports Are Both Collapsing Dramatically
Over the last several decades, the global economy has become more interconnected than ever, but now everything is changing. The flow of goods between the number one economic power on the planet and the number two economic power…
