The Middle Class Is Working Harder Than Ever, But It Is Being Absolutely Eviscerated By “Bidenomics”
By Michael Snyder What in the world is happening to the middle class? Once upon a time, the United States had the largest and most…
Economic Collapse
Is the FedNow Broke?
By David Haggith Recently several major banks were unable for days to process hundreds of thousands of payments. The explanation by the banks given in…
U.S. Banks Are Sitting On $650 Billion In Unrealized Losses, And That Means Disaster Is Just A Bank Run Away
By Michael Snyder Our economy runs on credit, and our banks are the beating heart of that system. Without healthy banks, how would Americans buy…
Endgame: Interest On US Debt Skyrockets Above $1 Trillion For The First Time Ever
By Tyler Durden Back in July, when we last looked at the unprecedented horror show that is the US budget deficit – and concluded correctly,…
It Appears That We Have A Major Problem With The Banks
By Michael Snyder In recent weeks there have been numerous high-profile bank “glitches”, accounts are being shut down without warning at a staggering rate all…
Refugees from Economic Collapse Are Deeply in Debt
By J.G. Martinez Finances. This is the real scourge of our time. Make poor financial decisions, and they will haunt you for a long time. By…
This is Already an Economic Crisis
By Michael Boldin Deficits and the national debt have been growing for so long that most people just shrug when we talk about them. They…
Americans Panic Search “Give Car Back” As Subprime Auto Loan Delinquency Erupts
By Tyler Durden Recent data from Edmunds reveals that an unprecedented 17% of American car purchasers now have monthly car payments of $1,000, a significant…
Living Paycheck To Paycheck Has Become “The Main Financial Lifestyle” For U.S. Consumers
By Michael Snyder Despite the fact that our politicians in Washington have been borrowing and spending trillions of dollars that we do not have in…
This War Will Push Rapidly Escalating Global Food Prices Into Overdrive
By Michael Snyder The only way that we can continue to have cheap food is if we have cheap energy. We use energy to grow…
The Specter Of Hyperinflation Looms Over The Economy
By Michael Matulef The threat of hyperinflation has haunted fiat money economies throughout history. Although past empires crumbled under the weight of unrestrained money printing,…
US Food Insecurity Crisis Erupts: 17 Million Households Starving, Highest In 11 Years
By Tyler Durden President Biden called the latest jobs numbers as “Bidenomics in action.” The elderly president, who sometimes appears to exhibit strong signs of…
Lowering Risk as We Enter Forced Frugality
By Charles Hugh Smith If things unravel, these risk-reduction strategies quickly shift from “nice to have” to “essential.” But by then, it will be too…
A Financial Crisis Is Here! U.S. Banks Are Closing Down Hundreds Of Branches And Laying Off Thousands Of Workers
By Michael Snyder I know that there is a lot going on in the world right now, but I just had to write about what…