A hub for independent voices and hard truths
One number jumped out at me today. Nearly 2 million Americans have now been unemployed for more than six months. That is up by more than 500,000 from a year ago. Even more interesting, long term unemployed workers now make …
This number is what caught my attention. China’s government debt to GDP ratio jumped from 90.4% to 99.2% in one year. Almost a 10 percentage point increase. That means debt grew much faster than the economy. China’s official GDP growth …
by Michael When we were told that the ceasefire extension with Iran would include “the toll-free opening of the Strait of Hormuz”, I didn’t realize that this was only for a period of 60 days. As you will see below, once …
by Michael A very intense El Niño has formed in the equatorial waters of the Pacific Ocean much earlier than originally anticipated, and we are being warned that it could cause trillions of dollars of damage to the global economy. …
Inflation just spiked to 4.2% annually. This is the highest level in three years. The cause is the administration’s war in Iran and the energy squeeze. When asked about the pain, the president said, “I love the inflation.” He is …
GainsPainsCapital warns that a maddening geopolitical news cycle is masking an approaching inflationary storm. The United States is trapped in a repetitive loop: claims of peace followed by new threats and conflict. Underlying this cycle is a dangerous fiscal reality. …
53% of Americans carrying credit card balances say they’re using them to cover groceries, utilities and other basic living expenses Over half (53%) of American consumers carry credit card balances to cover the rising cost of essential expenses, with 25% …
People in the Dallas suburbs who laughed and confessed to you over drinks in 2024, “I can’t believe Zillow says my house is worth $850,000. I couldn’t afford to buy it today. Who would pay that?” Are now in 2026 …
Core CPI prints are showing a hidden 4% climb in essential goods. Grocery bills for the average family are up $150 in a single month. Shipping giants are adding a $2,000 per container surcharge to mask fuel pressure. The Fed …
Rich investors moving into gold, foreign currencies, and overseas assets while U.S. GDP growth just got revised lower again to 1.3%. Average 401(k) balances dropped again in Q1 as market volatility keeps hitting retirement accounts tied almost entirely to U.S. …
Reports across social platforms confirm a widespread drop in holiday spending, with neighborhood gatherings and retail traffic hitting lows not seen in decades. Empty parking lots at big-box retailers during what is traditionally a peak sales weekend signal that the …
by Michael For much of the nation, it feels like we are in a permanent economic crisis with no end in sight. I have been documenting our long-term economic decline for years, and now we have reached a point where …
Let it burn, the fantasy was never real to begin with. $600,000,000,000 has been wiped out from the US stock market today.The stock market is finally reacting to the actual economy. pic.twitter.com/KDGxU7N0io— Ted (@TedPillows) May 18, 2026 Morgan Stanley’s Mike …
Are you seriously this stupid? China manufactures most of the goods America uses on a daily basis including computers, electronics, cellphones, and clothing. China holds hundreds of billions of dollars of US Treasuries. China is one of the largest consumer …
Official data now screams the economy is in freefall. Annual jobs numbers this low only happen in full-blown recessions. we are in a consumer recession for the bottom 80%. top 20% are crushing it. — Jon Brooks (@jonbrooks) May 8, …
Kevin Hassett basically said record credit card spending is a strong economy sign and people are cooking him for it. Most families aren’t maxing cards because times are great, they’re doing it to survive groceries, rent, and gas right now. …
Gas prices are straight up the biggest flashpoint right now. Trump is out here prepping everyone to accept prices doubling if oil hits two hundred bucks a barrel and he just shrugs like it is worth it. Clip shows him …
by Michael 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 …
We are living through a time in which the history books will be written about and it’s important to pay attention and not just sit there and wait for things to happen to you but actually take action. You came …
Two economists just published a mathematical proof that AI will destroy the economy. Not might. Not could. Will! The paper is called “The AI Layoff Trap.” Published March 2, 2026. Wharton School, University of Pennsylvania. Boston University. Peer reviewed. Mathematically modeled. The …
BREAKING: Japan will begin releasing part of its oil reserves from May 1, according to the Ministry of Economy, Trade and Industry (METI). 🔴 More on https://t.co/hGzrK2N8WC pic.twitter.com/ZrE2pP5ixN — Al Jazeera Breaking News (@AJENews) April 24, 2026
Most of you probably knew this already, but the way he explains it in the simplest terms really drives the point home. If you’re searching for the end times false prophet, just look to the false profits and their profiteers; …
Irishman David Roche see’s what’s coming: “We are going to run out of fuel in the global economy” “The markets are in cloud cuckoo land” “We are moving beyond initial inflationary affects to the second stage where there is no …
GAS PRICES THREATEN TO ERASE TAX REFUND BOOST Refunds rose 14% YoY (avg. $3,462, +11%) but came in slightly below expectations, offering only a modest lift to consumption. A ~15% jump in gas prices (~$3.60+) could fully offset that gain, …
by Michael Nobody was ready for a scenario in which the Strait of Hormuz is blocked for an indefinite period of time. The Iranians think that they will eventually get what they want by holding commercial traffic through the Strait …
Everyone is still talking about oil pricesThat’s already outdated–This is no longer a price shock–It is the early stage of a system-wide supply shock — Robert A. Pape (@ProfessorPape) April 13, 2026 ~20% of global oil flows through the Strait …
via notayesmanseconomics The war in the Middle East has been one which has brought benefits to some sectors of the US economy. The military industrial complex is one as they await orders to replace the munitions that have been used. …
by Michael Iran is still holding traffic through the Strait of Hormuz hostage, and the entire world is going to suffer. Before the war, commercial traffic through the Strait of Hormuz flowed freely, and the global economy functioned normally. But …
Australia's welfare bill could exceed the size of New Zealand's entire economy in just a few years https://t.co/bn8RUpbmhv — Daily Mail (@DailyMail) April 9, 2026 Australia is heading toward a welfare blowout so large that Commonwealth social spending could soon …
