Economic Crisis

And The Worst City In America For 2018 Is…

Before I reveal which city was chosen as the worst city in America this year, let me give you some hints. At one time nearly two million people lived there, but now the population has declined to about 700,000. It was once one of the greatest manufacturing cities in the entire world, and it once boasted the highest per capita income in the whole country. 50 years ago, thriving middle class neighborhoods peppered the city, but today it has become a rotting, decaying nightmare and a poster child for urban decay. Tens of thousands of structures stand empty, and that is after the city has already torn down thousands of abandoned buildings. (Read More...)

Sales Have Fallen For 26 Quarters In A Row And More Stores Are Closing – Is This The End Of The Line For Sears?

When sales have declined for 26 quarters in a row, you have got to know that your days are numbered.  Once upon a time, Sears was an unbeatable retail powerhouse.  It survived two world wars and the Great Depression, but thanks to competition from Amazon and other online retailers it may not even survive 2018.  On Thursday, shares of Sears fell to a depressingly low level of just $2.91 once news broke that the company was going to close dozens of more stores.  But to be fair, Sears doesn’t have a choice.  If you can believe it, Sears lost an astounding 424 million dollars during the first three months of 2018.  Frankly, I don’t even know how that is possible.  If all their employees did all day was flush one dollar bills down the toilet, I still don’t think that they could lose that kind of money.  This is a company that is being horrendously mismanaged, and as I have said so many times before, Sears is ultimately heading to zero. (Read More...)

Alert! 40 Percent Of Americans Now ‘Prefer Socialism To Capitalism’

Americans are increasingly embracing socialism, and this is particularly true for young adults under the age of 30. As you will see below, four out of every ten Americans now prefer socialism to capitalism, and if current trends continue it is just a matter of time before those that prefer socialism are in the majority. Of course our society has already been very heavily socialized. We have been trained to believe that if a problem exists, then it is the job of government to fix it, and over time government on all levels of our system has just gotten bigger and bigger. But what most Americans don’t realize is that the United States never would have become an economic powerhouse without free market capitalism, and the further that we drift away from our roots the deeper that our economic problems will become. We need leaders that are willing to stand up and proudly declare that free market capitalism works incredibly well when the shackles are taken off, and that is precisely what I intend to do. (Read More...)

5 Trends That Are Destroying The Middle Class In America

The middle class in America has been shrinking for decades, and our leaders seem powerless to do anything about it. Two years ago, the middle class became a minority in this country for the first time ever. In other words, the middle class now accounts for less than 50 percent of the population. But back in the early 1970s, the middle class made up more than 60 percent of the population. I have often compared being in the middle class to playing a really bizarre game of musical chairs. When the music stops playing each month, more chairs are being pulled out of the middle class, and most of us are just hoping that we will still have a chair for the next go around. (Read More...)

Debt Insanity: Does Anyone In Washington Even Care That We Are 20 Trillion Dollars In Debt?

There has been a tremendous amount of talk about the spending deal that was just reached in Congress. Most of the focus has been on who “won” and who “lost” politically, and if you have been keeping up with my articles you definitely know my opinion on the matter. But what nobody is really talking about is that this deal actually increases spending at a time when our debt has been absolutely exploding. We added more than a trillion dollars a year to the U.S. national debt during Obama’s eight years in the White House, and our debt binge actually accelerated toward the end of his second term. In fact, the national debt increased by more than 1.4 trillion dollars during fiscal 2016… (Read More...)

The Real Reason For America’s Looming Retirement Crisis

Did you know that approximately 40 percent of all American workers have absolutely nothing saved for retirement? And did you know that pension funds in the United States are currently underfunded by about six trillion dollars? Social Security is supposed to be the underlying safety net for our entire retirement system, but it is essentially just a massive Ponzi scheme that everyone agrees is heading for a major disaster. Now that the Baby Boomers have started to retire, it is becoming clear that our society simply does not have the resources necessary to keep all of the promises that we have made to them. We are facing a retirement crisis of epic proportions, and by the end of this article you will understand the real reason why we have gotten into this mess. (Read More...)

Not Prepared: Will Most Americans Be Absolutely Blindsided By Multiple Wars And A Simultaneous Economic Collapse?

According to CBS News, an astounding three-fourths of all Americans have to “scramble to cover their living costs” each month.  In other words, most of the country is either living paycheck to paycheck or very close to it.  But instead of tightening their belts and trying to put something away for the very hard times that are coming, most Americans are completely and utterly unprepared for what is ahead because the people that they trust on television keep telling them that everything is going to be okay.  Unfortunately, everything is not going to be “okay”, and when things start falling apart all around us there is going to be a lot of anger directed toward those that have been lulling everyone into a false sense of security. (Read More...)

In Anticipation Of The Coming American Apocalypse, 2 Lawmakers Plan To Create ‘Christian Survivalist Centers’ In Rural Areas

A couple of lawmakers from South Carolina want to establish a network of self-sufficient communities in their state in preparation for “societal collapse”.  In the long-term, they hope to “train and equip one million neighborhood leaders” that will be able to establish “a fresh beginning for America” in the aftermath of the great crisis that is coming.  State Representatives Josiah Magnuson and Jonathon Hill are both relatively young, they were both home-schooled, and each of their fathers are pastors.  They are calling their dream the “Virtue Solution Project”, and they are examples of a new breed of American politician that recognizes that the system is failing and that we desperately need to return to the values that this nation was founded upon. (Read More...)