Economic conditions are much worse than you are being told. Throughout the past year, prices have been rising much faster than most of our incomes have. As a result, our standard of living has been rapidly declining. It has become increasingly difficult for U.S. households to make it from month to month, and as you will see below, more than a third of all U.S. adults are actually relying on their parents to pay at least some of their bills at this point. But even more alarming is what has been happening to real disposable income. According to Fox Business, the most recent GDP report revealed that the decline in real disposable income that we witnessed in 2022 was the largest that has been measured since 1932…
The most troubling information in the GDP report is the precipitous drop in real disposable income, which fell over $1 trillion in 2022. For context, this is the second-largest percentage drop in real disposable income ever, behind only 1932, the worst year of the Great Depression.
Just think about that for a moment.
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We Just Witnessed An Economic Sign That Hasn’t Happened Since The Peak Of The Great Depression In 1932
Food Shortages Are Starting To Become Quite Serious All Over The Planet
The worst case scenario that many of the experts feared is starting to play out right in front of our eyes. Throughout 2022, I repeatedly warned my regular readers that there were all sorts of indications that the emerging global food crisis would go to entirely new level in 2023, and that is precisely what is happening. In response to tightening supplies of food, prices are surging all over the planet and the number of desperately hungry people is exploding. Unfortunately, this crisis is not going to be just temporary. As I will explain at the end of this article, the global nightmare that we are facing is inevitably going to intensify in the years ahead. (Read More...)
Exactly What We Would Expect If A Recession Was Beginning – Sales Are Down Throughout The Economy
All of the things that we would expect to see at the start of a major economic downturn are happening. Retail sales are falling, auto sales have been way down, and the housing market is starting to crash like it did in 2008. But unlike the last recession, we are also dealing with a raging inflation crisis, and this is one of the main reasons why real disposable income declined at the fastest rate that we have seen since the Great Depression last year. At this point, close to two-thirds of the entire country is living paycheck to paycheck, and more than half the country cannot even afford to pay an unexpected $1,000 emergency expense. We are in very dangerous territory, because most U.S. consumers are tapped out. (Read More...)
The Collapse Of Faith In America
Once upon a time the United States was known as a “Christian nation”, but now our country is moving away from those roots at a pace that is absolutely breathtaking. I spend a lot of time writing about the ongoing collapse of our economic system, but the truth is that we are witnessing a collapse of faith as well. In 1972, a Pew survey found that 92 percent of all Americans identified as Christians, but the most recent Pew survey that asked this question discovered that only 63 percent of Americans still identify as Christians at this point… (Read More...)
Wake Up America! Apocalyptic Scenarios Are Unfolding All Around Us, But Most People Are Still Asleep
How can you get people to wake up if they are determined to keep sleeping? For decades, global events have been moving us in a very ominous direction, and ever since this decade began the pace of change has accelerated dramatically. But even though we just keep getting hit by one major crisis after another, most people still do not get it. Almost everyone seems to be under the impression that the massive problems that we are experiencing right now are “just temporary” and that everything will “return to normal” soon. Meanwhile, apocalyptic scenarios continue to unfold all around us at a breathtaking pace. (Read More...)
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