(The Economic Collapse Blog)—When you look at Joe Biden, you are also getting a visual picture of what is happening to our economy as a whole. Both have been getting artificially propped up for a long time, both are now sick once again, and both are starting to decline very rapidly at this point.
There is lots of speculation that Joe Biden is not going to be able to make it much longer, and of course the exact same thing could be said about the U.S. economy. Sadly, the truth is that the clock won’t stop ticking and time is not on the side of either one of them.
On Wednesday, we learned that Joe Biden has once again tested positive for COVID…
President Joe Biden tested positive for COVID-19 following an event Wednesday in Las Vegas, the White House confirmed.
This is the third time the president has tested positive for the virus. And Biden is not alone: the positivity rates for COVID-19 have been increasing recently, as have visits to the emergency department and deaths.
Biden, 81, is vaccinated and boosted and is “experiencing mild symptoms,” White House press secretary Karine Jean-Pierre said in a statement.
The White House is trying to make it sound like this isn’t a big deal, but Biden certainly didn’t look like he was just “experiencing mild symptoms” when he arrived in Delaware on Wednesday night…
The 81-year-old – whose political future is in jeopardy due to his age – walked very slowly off Air Force One, pausing multiple times.
He then put on a mask on inside the black SUV that carted him off to his beach house in Rehoboth.
Biden also appeared to need some assistance as he slowly nudged himself into the car before the motorcade pulled away.
Of course this is happening at a time when speculation that Biden could drop out of the race has reached a fever pitch. Axios is reporting that some “top Democrats” believe that Biden could make an announcement “as soon as this weekend”…
Several top Democrats privately tell us the rising pressure of party congressional leaders and close friends will persuade President Biden to decide to drop out of the presidential race, as soon as this weekend.
Personally, I don’t know if Biden is ready to throw in the towel quite yet.
But we shall see what happens.
Meanwhile, more bad economic news continues to pour in. For example, we are being told that home eviction filings are way up all over the nation…
Home evictions are on the rise in several major cities nationwide as Americans continue to grapple with the ongoing cost-of-living crisis.
Eviction filings over the past year are up more than 15% compared with the period before the COVID-19 pandemic began in 10 cities across the country, according to the Eviction Lab, a research unit at Princeton University. The Eviction Lab tracks 10 states and 34 cities.
However, the problem is noticeably worse in five cities, where the eviction rate is at least 30% higher than it was before the pandemic started.
Whether someone is seeking to rent or buy, housing costs have soared into unprecedented territory.
And this is one of the biggest reasons why so many Americans are so deeply frustrated with the economy right now.
According to Fox Business, the “median monthly housing payment for homebuyers in swing states” has risen 92 percent since the last presidential election…
The cost of buying a house has surged in recent years, as high mortgage rates and rising home prices put ownership out of reach for many Americans.
The problem is even worse for the millions living in key battleground states that could determine the outcome of the 2024 presidential election.
New findings from Redfin show the combination of steep mortgage rates and elevated home prices has pushed the median monthly housing payment for homebuyers in swing states to an all-time high of $2,161 – a 92% increase from the 2020 election.
This is going to have an enormous impact on how people vote, and that is not good news for the Democrats at all.
At the same time, banking industry problems continue to mount and local branches continue to be shut down at a staggering pace…
US banks closed 28 branches across the country in just one week in July.
Wells Fargo, Bank of America and US Bank each closed eight locations in the last week.
The remaining locations were closed by Greenville Fed, Chase and Schaumberg Bank & Trust, who each closed one branch.
Watch the banking industry, because I believe that this will eventually become a huge story during the months ahead.
Retailers are permanently shutting down lots of locations too. In fact Stop & Shop just announced that they will be closing 32 grocery stores…
Stop & Shop is closing 32 underperforming grocery stores across the US northeast as part of the company’s efforts to improve its financial performance.
Shoppers are also being squeezed by higher prices at the grocery store, with food prices experiencing modest upticks last month, according to the newest inflation report.
“Stop & Shop has evaluated its overall store portfolio and made the difficult decision to close underperforming stores to create a healthy base for the future growth of our brand,” said the chain’s president Gordon Reid in a release.
Needless to say, that isn’t even worth comparing to what Walgreens is getting ready to do.
The plan is to shutter more than 2,000 Walgreens locations before it is all over, and that is really bad news for those that have come to depend upon that chain…
Shoppers, it may be time to find a new pharmacy. Walgreens is closing up to a quarter of its 8,600 stores within the United States.
Walgreens CEO Tim Wentworth recently explained to the Wall Street Journal on June 27 that the closures would focus on locations that aren’t profitable, too close to each other or stores struggling with theft.
Unfortunately, this is just the beginning, because vast hordes are businesses are likely to go belly up during the coming years.
According to one recent survey, almost half of our small businesses are convinced that they will not survive “the current economic climate, ongoing inflation or another four years of Biden administration policies”…
Nearly half of 80,000 small businesses surveyed say they won’t survive the current economic climate, ongoing inflation or another four years of Biden administration policies, according to the survey conducted by RedBalloon and Public Square.
Their May Freedom Economy Index found that small businesses “remain in survival mode,” with 40% delaying paying bills to manage cash flow and 70 percent putting staffing plans on hold, neither hiring nor reducing staff, “the highest reading … over the past year,” the report states.
We are in far more trouble than most people realize.
I have been documenting the ups and downs of our inevitable economic decline for more than a decade, and now we have reached a stage where that decline is threatening to become an avalanche.
So I would encourage you to brace yourself for very hard times, because it has become clear that this is a story that is not going to end well.
Michael’s new book entitled “Chaos” is available in paperback and for the Kindle on Amazon.com, and you can subscribe to his Substack newsletter at michaeltsnyder.substack.com.
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.
