(The Economic Collapse Blog)—Is the financial chaos that is currently happening in China a harbinger of things to come here in the United States? Today, the global economy is more interconnected than ever before, and economic warning signs have been popping up all over the planet in recent weeks.
Of course the U.S. has certainly not been an exception. Employers are throwing workers out into the streets in very large numbers, and we have reached a point where hunger, poverty and homelessness are all growing at extremely alarming rates. The U.S. economy has clearly entered a very troubled period, but for the moment U.S. stock prices are still stable.
Unfortunately, the same cannot be said about Chinese stocks. In fact, Newsweek says that China’s stock market “appears to be in free fall now”…
After a rocky couple of years for the Chinese economy, the country’s stock market appears to be in free fall now, with authorities asking institutional investors not to sell stocks in an attempt to stabilize share prices as foreigners are pulling out.
Compared to 12 months ago, the FTSE China 50 index is down almost 30 percent…
The FTSE China 50 index—a real-time tradable index comprising 50 of the country’s largest and most liquid stocks—has plunged by 1.77 percent between Monday and Tuesday as part of a long-term large decline over the past six months. Compared to one year ago, the index is down by 29.24 percent.
China’s market regulators have tried to stabilize the market by imposing restrictions that stop some investors from being net sellers of equities on certain days. This strategy—with authorities offering what’s known as “window guidance” in an attempt to help the country’s stock market bounce back—was first introduced in October.
Wow.
Nearly a third of the entire value of the FTSE China 50 index has already been wiped out. Needless to say, we have not seen a similar crash in the U.S. yet. But many believe that one is coming.
On Tuesday, the Dow was down 231 points, but that is nothing to get excited about.
It certainly wouldn’t be a surprise to see more down days in the near future, because stock prices are way too high right now.
In fact, one expert just told CNBC that the market “looks overvalued by about 9% to 10%”…
The market looks overvalued by about 9% to 10%, according to Aswath Damodaran.
“The expectation game has turned against the market,” the professor at New York University’s Stern School of Business told CNBC’s “Closing Bell” on Tuesday.
A stock market decline of 10 percent certainly wouldn’t be the end of the world.
But what if the conflict in the Middle East evolves into a major regional war and the U.S. economy plunges into a very deep recession?
What would that do to stock prices?
Without a doubt, the U.S. economy is already heading in the wrong direction. On Tuesday, we learned that the Empire State manufacturing survey for the month of January was absolutely abysmal…
Well, no one saw that coming…
The New York Fed’s Empire State Manufacturing Survey for January crashed from -14.5 to -43.7 – the worst print in the survey’s history outside of the COVID lockdowns…
The -43.7 print was a stunning 10 standard deviations below expectations of a bounce to -5.0…
Under the hood, it was a bloodbath. New orders slumped more than 38 points to minus 49.4, the weakest since April 2020, while shipments dropped by the most since August. Worse still, the index of prices paid for materials increased to a three-month high.
Take a moment to read that again.
It isn’t every day that we see a 10 standard deviation miss.
The truth is that the U.S. economy is in far worse shape than we are being told.
At this stage, things are so bad that even Pixar is conducting mass layoffs…
Disney-owned animation studio Pixar is poised to undergo layoffs this year, TechCrunch has learned and the company confirmed. While sources at the company said the layoffs would be significant and as high as 20% — or reductions that would see Pixar’s team of 1,300 dropped to less than 1,000 over the coming months — Pixar says those numbers are too high. Rather, the studio said the number of impacted employees is still being determined due to factors like production schedules and staffing for future greenlit films.
For many more examples of the mass layoffs that are happening all over America, please see the article that I posted yesterday.
The private sector has been hemorrhaging full-time jobs, but government hiring has helped to mitigate the damage.
Of course the level of government hiring that we have been witnessing is simply not sustainable. The federal government, state governments and local governments are all drowning in debt, and so belts will need to tighten at some point.
If you can believe it, the federal government actually ran a 129 billion dollar deficit during the month of December alone…
The U.S. federal government posted a December deficit of $129 billion, up $44 billion or 52% from a year earlier as outlays rose while receipts fell from December 2022 levels that were swelled by pandemic-deferred tax payments, the U.S. Treasury Department said on Thursday.
The Treasury said that outlays for December rose 3% to $559 billion, a December record, partly as a result of higher Social Security outlays and interest on the public debt. Receipts for the month fell 6% to $429 billion.
What we are witnessing is insane.
129 billion dollars in a single month is madness.
But they are just going to keep borrowing and spending until everything completely crashes.
We really are in the endgame.
Our leaders are going to try to keep the party going for as long as they possibly can, but it won’t be too long before the lights are finally turned off for good.
Michael’s new book entitled “Chaos” is now available in paperback and for the Kindle on Amazon.com, and you can check out his new Substack newsletter right here.
Starting the Day With a Scripture-Inspired Roast Helps Center Your Thoughts on Eternal Truths Amid Temporal Pressures
The world can seem chaotic, especially right after we wake up. Many believers start their mornings reaching for something familiar — a hot cup of coffee — yet end up settling for mediocre brews that do little more than deliver a caffeine jolt. The daily grind of life, with its endless distractions, news cycles, and responsibilities, can leave even the most faithful feeling spiritually parched alongside their physical fatigue. What if your morning ritual could do more than wake you up? What if it could ground you in truth, nourish your body with exceptional quality, and quietly advance a kingdom purpose at the same time?
That’s the promise — and the reality — behind Promised Grounds Coffee. This Christian-founded company doesn’t just roast beans; it approaches every step as an act of worship and discipleship. By selecting only the top 10% of specialty-grade beans, ethically sourced from dedicated farmers in Central and South America, and small-batch roasting them with reverence in Austin, Texas, Promised Grounds delivers what many describe as the best coffee available — never burnt, never bland, but rich with origin stories and layered flavors that honor God’s creation.
From the vibrant Psalm 27 Roast (a light, bright medium option) to the bold yet peaceful 2 Timothy 1:7 Decaf, each bag carries a Scripture verse that turns your daily pour into a gentle reminder of faith. And through their Ounce Per Ounce Promise, every ounce of coffee you enjoy provides an equal ounce of clean water to families in need via partnership with Filter of Hope — literally brewing hope for body and soul, one cup at a time.
The challenge for today’s Christians runs deeper than finding a decent cup. In an age of convenience-driven consumerism, it’s easy to support companies that dilute values or remain silent on matters of faith. Many believers want their everyday choices — from what they drink to how they spend — to reflect discipleship rather than just convenience. Promised Grounds solves this by weaving Christian excellence into the entire process: beans nurtured with prayerful stewardship by farming families, roasted as an offering rather than a commodity, and packaged with Bible verses to encourage a mindset of gratitude and purpose from the first sip. Reviewers consistently praise the smooth, rich profiles — whether enjoyed black in a drip maker, iced on a warm day, or shared in fellowship — noting how the quality stands toe-to-toe with premium secular brands while delivering something far more meaningful.
This integration of faith and flavor addresses a real need in Christian households and ministries. Busy parents, church leaders, and remote workers alike report that starting the day with a Scripture-inspired roast helps center their thoughts on eternal truths amid temporal pressures. The coffee’s exceptional character — bright citrus notes in lighter roasts or deep chocolate undertones in bolder ones — comes from meticulous selection and careful roasting that respects the bean’s natural gifts rather than masking them. It’s the kind of coffee that elevates a simple quiet time, fuels productive workdays, or sparks meaningful conversations when shared at Bible studies or outreach events. And because it’s ethically sourced with integrity, every purchase supports sustainable livelihoods for farmers who treat their crops like family harvests.
For those leading churches or small groups, the impact multiplies. Promised Grounds offers bundles and options perfect for hospitality ministries, turning ordinary coffee service into an opportunity to point people toward the living water of Christ. Imagine greeting visitors with a warm cup whose very bag carries God’s Word — a subtle yet powerful witness that aligns with the Great Commission. The company’s Texas roots and commitment to “brewing hope” resonate especially with believers who value American enterprise paired with global compassion.
Of course, quality alone isn’t enough if the experience feels out of reach. Promised Grounds keeps it accessible with practical perks like free shipping on orders over $40, sample sets for discovering favorites, and thoughtful add-ons such as faith-themed mugs. Whether you prefer whole beans for fresh grinding, grounds for convenience, or even bulk options for larger households and ministries, the result is consistently superior coffee that makes discipleship feel integrated rather than added on.
As you consider how to align even the smallest habits with your walk with God, Promised Grounds Coffee stands out as a refreshing solution. It tackles the dual problems of subpar daily sustenance and disconnected consumption by offering a product that genuinely excels in taste while advancing a mission of clean water, farmer dignity, and scriptural encouragement. Believers who make the switch often describe it as more than a beverage upgrade — it becomes part of their rhythm of gratitude, a daily invitation to remember that every good gift comes from above.
If you’re ready to transform your mornings (and perhaps your church gatherings) with coffee that honors both exceptional craftsmanship and Christian values, I encourage you to explore what Promised Grounds has to offer. One sip at a time, you’ll be nourishing your body, refreshing your spirit, and participating in something far greater — all while enjoying what truly is among the best coffee available.
