ECONOMY
Kevin Warsh – Walking into an Inflationary Tsunami
If there is one job that no Austrian Economist will take up at this juncture, it would be that of the Federal Reserve Chair. The road ahead seems to be set in stone, and in a society that has been sold the idea that “printing currency units is a panacea […]
U.S. Releases 53 Million Barrels From Strategic Petroleum Reserve Amid Rising Gas Prices
The U.S. Department of Energy (DOE) announced Monday, May 11, that it will loan 53 million barrels of crude oil from the Strategic Petroleum Reserve (SPR) to petroleum companies in an effort to relieve elevated gas and oil prices amid the conflict with Iran, according to a DOE news release. [1] Deliveries will […]
The Empire of Debt: How America’s Financial Machine Became More Dangerous Than Its Enemies
Great nations are rarely destroyed in the way Hollywood imagines. Most people still think empires collapse under missile strikes, invasions, assassinations, revolutions, or dramatic military defeats broadcast live across television screens. History, however, tells a colder and far more disturbing story. The strongest civilizations usually begin dying financially long before […]
Americans Are Getting Behind On Their Debts At A Very Frightening Pace
U.S. households are now 18.79 trillion dollars in debt. In 1980, U.S. households were just 1.4 trillion dollars in debt. Over the past several decades we have witnessed a household debt binge that is unlike anything that we have ever witnessed in our entire history. But if consumers could handle […]
If You Think Prices Are High Now, Just Wait Until The Shortages Really Start Kicking In
On Monday morning, the front page of the Drudge Report featured a very alarming two word headline in all capital letters: “INFLATION ACCELERATES”. Of course that headline was 100% accurate. Prices are rising and our seemingly endless cost of living crisis is beginning to accelerate once again. I have heard […]
US Real Estate Remains Stale
April existing home sales in the U.S. came in at an annualized pace of just 4.02 million units, barely rising 0.2% from March and missing expectations yet again. We are now looking at one of the weakest spring housing seasons in decades, despite population growth and years of underbuilding. Real […]
California Is Facing A “Fuelmaggedon” As Fighting Erupts In The Middle East And The Strait Of Hormuz Remains Closed
Would you pay 8 dollars for a gallon of gasoline? I know that may sound crazy to many of you, but that is what some residents of Los Angeles are paying right now. Sadly, the west coast is more dependent on oil from the Persian Gulf than anywhere else in […]
Americans Are Feeling the Economy Collapse in Real-Time
A new Gallup poll shows that 55% of Americans now believe their financial situation is getting worse, the highest level recorded since Gallup began tracking the data in 2001. Even during the 2008 financial crisis and the COVID lockdown collapse, Americans were not this pessimistic about their personal finances. That alone tells […]
More Than 80% Of Young Adults Believe That The Economy Is “Bad” Or “Terrible” And We Are Seeing The Consequences All Over America
Decades of economic decline have brought this country to a breaking point. The vast majority of the population is barely scraping by from month to month as prices continue to rise, thousands of stores and restaurants close, foreclosures spike to alarming levels and the middle class continues to shrink. Now […]
A Flashing Red Warning Signal: In California, Gasoline Is 6 Now Dollars A Gallon And Diesel Is Now 7 Dollars A Gallon
You have probably noticed that gasoline is starting to become extremely expensive. That is really bad news for all of us, because our entire way of life depends on cheap energy. We can’t make stuff without energy. We can’t move stuff without energy. That is why the cost of energy […]
