Traffic At U.S. Ports Has Absolutely Plummeted Compared To Last Year, And A New Crisis Threatens To Turn U.S. Relations With China Into A 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 imports at major ports on the west coast are down by almost a third compared to last year.  This is going to have a dramatic impact on our economy in the months ahead, and meanwhile a new crisis with China has just erupted.  The Chinese have been caught violating their 90 day trade agreement with the United States, and President Trump is extremely upset about this.  Of course the Chinese are extremely upset that President Trump is planning to increase arms sales to Taiwan.  Both sides deeply distrust one another at this stage, and if things continue to deteriorate our relations with China could soon resemble a gigantic dumpster fire. (Read More...)

All Of This Uncertainty Is Causing A Tremendous Amount Of Chaos For Businesses Of All Sizes

How are businesses supposed to plan for the future if they have no idea what the rules of the game are going to be?  Businesses thrive in a predictable environment, but we have entered a period of time of extreme uncertainty.  One day we are facing high tariffs, the next day one court strikes them all down, and then the next day another court temporarily reverses that decision.  How is anyone supposed to make solid business decisions in such an environment?  Our economy has been heading in the wrong direction for a long time, and we need to take bold action to fix things.  But if legal battles are going to be constantly upending the rules of the game, there is no way that we are going to be able to pull out of our economic death spiral. (Read More...)

The Middle Class Is 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 are lots of people out there that literally cannot afford to put a roof over their heads even though they are employed.  Yes, there are many hard working Americans that are now living in their vehicles or in “tent communities” because that is all they can afford.  In recent years, the cost of living has been rising much faster than paychecks have, and so now a substantial percentage of the population is living in a state of constant financial stress.  The middle class has been collapsing all around us, and we are witnessing an extraordinary amount of economic suffering all over the country right now. (Read More...)

NATO Is On The Verge Of A Full-Blown War With Russia, And Firing Long-Range Missile Deep Into Russian Territory Isn’t Going To Lead To Peace

Do you remember when Joe Biden brought us to the brink of nuclear war by allowing the Ukrainians to fire long-range missiles provided by the United States deep into Russian territory?  Unfortunately, western leaders have decided to do it again.  I honestly have no idea what they are thinking.  Every long-range missile that is fired deep into Russian territory brings us even closer to nuclear war.  Just think about how we would respond if someone was firing long-range missiles at New York, Boston, Washington D.C. and Los Angeles.  We would nuke them.  Let us hope that the Russians show restraint, because western leaders are now crossing a very dangerous line. (Read More...)

Is AI Going To Kill All Of Us? One Of The Pioneers In The Field Has Warned That “Everyone Will Die” If AI Is Not Shut Down

AI technology has been developing at an exponential rate, and it appears to be just a matter of time before we create entities that can think millions of times faster than we do and that can do almost everything better than we can.  So what is going to happen when we lose control of such entities?  Some AI models are already taking the initiative to teach themselves new languages, and others have learned to “lie and manipulate humans for their own advantage”.  Needless to say, lying is a hostile act.  If we have already created entities that are willing to lie to us, how long will it be before they are capable of taking actions that are even more harmful to us? (Read More...)

Here Are 6 Signs That The Housing Market Depression In The United States Is Getting Even Worse

America’s housing market has been in a “deep freeze” for more than a year.  The combination of very high interest rates and very high home prices has frozen millions of potential buyers out of the market.  As a result, home sales have fallen to extremely depressed levels.  When I first warned that we were heading into a housing market depression, a lot of people thought that I was exaggerating.  But now the numbers show that is exactly what has happened.  The following are 6 signs that the housing market depression in the United States is getting even worse. (Read More...)

We Are Looking Down The Barrel Of A Worldwide Credit Market Crisis That Threatens To Be Absolutely Horrific

National governments around the world are collectively more than 100 trillion dollars in debt.  The United States accounts for about 35 percent of that total, China accounts for about 16 percent of that total, and Japan accounts for about 10 percent of that total.  For a long time, national governments were able to fund their debt binges very cheaply, but now nervous investors are demanding higher interest rates to hold long-term government debt.  This is driving up borrowing costs, and it has thrown credit markets around the globe into a state of chaos.  If bond yields continue to rise at a very brisk pace, there is a risk that investors could become so nervous that credit markets actually start freezing up.  If that were to happen, the entire global financial system would go completely haywire. (Read More...)

Is Japan’s Financial System On The Verge Of Collapsing?

Is the long-awaited implosion of the Japanese financial system beginning? Japanese bond yields are spiking dramatically, Japan’s debt to GDP ratio is now above 230 percent, the Japanese economy has started contracting, and Japanese Prime Minister Shigeru Ishiba just publicly stated that the financial condition of his nation is worse than the financial condition of Greece.  When I heard that he had said this, I knew that I had to find his direct quote and share it with all of you… (Read More...)

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