There was a time when preppers were relentlessly mocked, but nobody is laughing now. Today, most Americans are thinking about stockpiling food, and this massive shift in our national mindset has been sparked by concern about what is going to happen in the months ahead. Many Americans believe that another wave of the coronavirus pandemic is coming, others believe that...
Read more“When the people find that they can vote themselves money that will herald the end of the republic.” That is a direct quote from Benjamin Franklin, and it has turned out to be quite prophetic. Today, most of our politicians are socialists whether they accept that label or not, and the American people have come to expect the government “to...
Read moreYes, you read that headline correctly. The economic downturn of 2008 and 2009 is often referred to as “the Great Recession” because the U.S. had not experienced economic pain of that magnitude since the Great Depression of the 1930s. Millions of Americans lost their jobs, mortgage defaults soared and Wall Street was shaken to the core. But as bad as...
Read moreCould it be possible that the stage is being set for horrific famines that the Bible has been warning us about for nearly 2,000 years? A few years ago, any talk of “coming famines” would have seemed absolutely ludicrous to most people in the western world, but the events of the last several months have changed everything. Now, the UN...
Read moreIn just six weeks, the entire global economy has completely come apart. All over the world we are seeing numbers fall faster than we ever have before, and the outlook for the rest of the year is exceedingly bleak. Fear of the coronavirus is going to paralyze global trade for the foreseeable future, and the lockdowns in some nations will...
Read moreCOVID-19 has created an enormous amount of fear, and that fear is doing far more damage to the economy than the actual virus is. In an environment of fear, financial institutions become a lot tighter with their money, and that inevitably causes economic activity to slow down. For example, just consider what happened in 2008. Mortgage lending standards suddenly became...
Read moreIn all of U.S. history we have never seen anything like this. I have been sitting at my desk for quite a while searching for the proper words to convey the gravity of what we are facing, and to be honest it has been quite a struggle. On Thursday, we learned that another 3.8 million Americans filed initial claims for...
Read moreMore than 26 million Americans have lost their jobs during these coronavirus lockdowns so far, and this has created unprecedented demand at food banks all over the nation. In many cities, vehicles start lining up at the food banks at the crack of dawn, and in some instances the lines have literally stretched for miles. But at the same time,...
Read moreFor those of you that were expecting just a “deep recession”, I am afraid that you are going to be very disappointed. It took years for the U.S. economy to fully unravel in the 1930s, but now we have witnessed a similar level of economic devastation in just a matter of weeks. More than 26 million Americans have already lost...
Read moreWhen meat processing facilities started shutting down because of the coronavirus pandemic, we were initially told not to worry because the facilities that were still operating normally would be able to make up the difference. But now all of that has changed. As you will see below, even the mainstream media is beginning to use the phrase “meat shortages”, and...
Read moreThe rate at which the U.S. economy is unraveling is absolutely breathtaking. On Thursday, we learned that another 4.4 million Americans filed new claims for unemployment benefits last week, and that means that a grand total of more than 26 million Americans have lost their jobs during this pandemic so far. To get an idea of just how dramatically this...
Read moreWhat the head of the UN’s World Food Program just said should be making front page headlines all over the globe. Because if what he is claiming is true, we are about to see global food shortages on a scale that is absolutely unprecedented in modern history. Even before COVID-19 arrived, armies of locusts the size of major cities were...
Read moreThis economic downturn is turning out to be far deeper and far more severe than most experts were originally anticipating. More than 22 million Americans have filed claims for unemployment benefits, and economists are telling us that the U.S. economy is contracting at the fastest rate that we have seen since the Second World War. We are already starting to...
Read moreFear of COVID-19 has unleashed economic chaos on a scale that has already surpassed anything that we witnessed during the last recession, and as you will see below, we are now being warned that “the worst is yet to come”. Many Americans are hoping that things can start to return to normal as the U.S. economy “reopens” in the weeks...
Read moreWe have never seen an “employment apocalypse” in the United States like we are witnessing right now, and it is not going to end any time soon. Over the past several days, “coronavirus shutdowns” have officially been extended all over the nation, and the longer these shutdowns last the more jobs our economy is going to lose. And because most...
Read moreCOVID-19 has turned all of our lives upside down, and most people are quite eager for a return to normalcy. But as you will see below, fear of the coronavirus is going to prevent the vast majority of Americans from immediately resuming all of their normal daily activities once the coronavirus restrictions have been lifted. Every day there are more...
Read moreIf you thought that this pandemic would pass quickly and that life in America would soon return to “normal”, I am afraid that you are in for quite a shock. Some of the restrictions currently in place will eventually be lifted, and efforts will be made to get people back to work, but life is still going to be radically...
Read moreIf the U.S. economy remains in shutdown mode for the next several months, we are going to witness layoffs like we have never seen before in U.S. history. Of course what we have already witnessed is difficult to believe. Last week more than 3.2 million Americans filed initial claims for unemployment benefits, and that was more than four times higher...
Read moreIt appears that we are heading into the worst economic downturn of the post-World War II era, and that is going to be true no matter how this coronavirus pandemic ultimately plays out. There are some that believe that this virus will only kill thousands, and there are others that are warning that it could kill millions, but everyone can...
Read moreFear of COVID-19 has fundamentally transformed our entire country in a matter of weeks, and as long as people are afraid of this virus life is definitely not going to return to normal. In fact, every “shelter-in-place” order in America could be lifted tomorrow and economic activity would not rebound even close to previous levels because a large percentage of...
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