(The Economic Collapse Blog)—If the economy is fine, why are so many signs of trouble erupting all around us? Those that keep insisting that the U.S. economy is heading in the right direction conveniently ignore the very troubling facts and figures that I regularly share with my readers. When you take an honest look at the cold, hard numbers that the economy keeps producing, there is only one logical conclusion. Our entire system is crumbling, and it appears that conditions will soon get significantly worse.
Just look at what is happening to our banks.
The FDIC’s most recent report tells us that there are 63 “problem banks” in the United States, and collectively our banks now have 517 billion dollars in unrealized losses…
According to the Federal Deposit Insurance Corporation’s first quarter report, the US banking system is sitting on a collective $517 billion in unrealized losses and has 63 “problem banks.”
Those losses have been sparked primarily by a surge in interest rates over the past two years, which have driven down the price of fixed-income securities held by banks.
Unrealized losses held by banks increased by $39 billion in the first quarter relative to the fourth quarter of 2023.
“Higher unrealized losses on residential mortgage-backed securities, resulting from higher mortgage rates in the first quarter, drove the overall increase,” the FDIC said.
I would love to know what banks are on that list.
Wouldn’t you?
But the FDIC will not tell us.
As Daisy Luther has accurately noted, the FDIC won’t release that information because they are afraid of bank runs…
We don’t get to know which banks are in trouble.
It could be my bank. It could be yours. Or maybe it’s not.
Are they big banks? Small ones?
The list is confidential to inhibit the likelihood of bank runs finishing off these institutions.
So we just don’t know.
If Americans had the truth, there would be bank runs all over the country tomorrow morning.
That is a rather comforting thought.
And the condition of our banks just continues to deteriorate because mountains of commercial real estate loans are going bad.
At this point, it has become clear that we have never faced a commercial real estate crisis of this magnitude in our entire history…
The CRE sector faces the triple whammy of falling prices, falling demand, and rising interest rates. The post-pandemic rise of telecommuting and work-at-home programs crushed demand for office space. Vacancy rates in commercial buildings have soared.
This has put significant stress on commercial real estate companies. The biggest bankruptcy in 2023 was the failure of the Pennsylvania Real Estate Investment Trust. The company had loaded up with more than $1 billion in liabilities.
The collapse of the commercial real estate market could easily spill over into the financial sector. That’s because a lot of loans are coming due.
According to the Mortgage Bankers Association, around $1.2 trillion of commercial real estate debt in the United States will mature over the next two years.
A lot of financial institutions will fail during the months and years that are ahead of us. Just hope that your money is not in one of them.
Meanwhile, one recent survey discovered that approximately two-thirds of all small businesses in the United States are teetering on the brink of disaster…
A new survey reveals that over two-thirds of small business owners are terrified of the state of the economy under Joe Biden’s watch, fearing that current conditions and ongoing downward trends will lead to them having to close their businesses.
As reported by the Daily Caller, the poll from the Job Creators Network Foundation (JCNF) shows that 67% of small business owners maintain such fears about the economy as it stands today, marking a 10-point increase from sentiments two years ago. In the same poll, participants’ perceptions of economic conditions for their own businesses fell from 70.2 to 68.1. Perception of national conditions fell even more drastically, from 53.2 to 50.4.
Maybe you don’t care about what is happening to our small businesses.
But you should, because close to half of all workers in the United States are employed by small businesses…
Forbes estimates that at least 46% of all employees in the United States, around 61.6 million people in total, are employed by small businesses.
I think that it is quite an ominous sign that the household survey showed that the U.S. economy lost a whopping 408,000 jobs last month.
Sadly, I think that a lot more months like that are coming.
Retailers are also really struggling right now.
In fact, as Mark B. Spiegel recently discussed, major retailer after major retailer has been reporting disappointing sales numbers…
The U.S. economy seems to finally be cracking. This month a slew of retailers (off the top of my head: Target, Lowe’s, Macy’s, Kohl’s, Best Buy and Foot Locker) reported negative year-over-year sales comps, and that’s before adjusting for the inflation that makes them 3% to 4% more negative in “real” terms. Others (Dollar General and Burlington) reported same-store sales comps in the +2% range, but that too was negative when adjusted for inflation, while Walmart and Nordstrom comps managed to roughly keep pace with inflation, but were unable to exceed it.
At one time, Walmart was an unstoppable retail behemoth. But now even Walmart is closing down stores…
WALMARTS are closing across the country – and retail experts say the cuts are signals of a bleak future for shoppers.
The multi-million dollar corporation has closed nine stores so far this year, which could be a warning sign for other retail giants.
Of course the stores that Walmart is shuttering are just a drop in the bucket compared to what other chains are doing. As I detailed in an article that I posted last week, we are on pace to lose 7,800 stores in 2024.
When the Drudge Report used the term “retail apocalypse” in one of their headlines on Monday morning, that was not an exaggeration at all.
We really are in the early stages of a historic meltdown.
And the outlook for the months ahead is extremely bleak.
In fact, Harry Dent just told Fox News that we should brace ourselves for “a bigger crash than we got in 2008 to ’09”…
Speaking in an updated interview with Fox News Digital, Dent cautioned that the “everything” bubble has still yet to burst, and it may be a bigger crash than the Great Recession.
“In 1925 to ‘29, it was a natural bubble. There was no stimulus behind that, artificial stimulus per se. So this is new. This has never happened,” Dent said on Tuesday. “What do you do if you want to cure a hangover? You drink more. And that’s what they’ve been doing.”
“Flooding the economy with extra money forever might actually enhance the overall economy long-term. But we’ll only see when we see this bubble burst,” he added. “And again, this bubble has been going 14 years. Instead of most bubbles [going] five to six, it’s been stretched higher, longer. So you’d have to expect a bigger crash than we got in 2008 to ’09.”
Our leaders were able to keep the game going for years by pumping trillions upon trillions of dollars into the system.
But they didn’t fix anything.
Instead, they just delayed the inevitable.
Our entire system really is crumbling all around us, and as it crumbles we are going to see chaos on a scale that most people don’t even want to imagine.
Already, major cities from coast to coast are being terrorized by theft, violence, drugs, homelessness, gangs and anarchy.
If things are this bad already, what is America going to look like once our leaders completely lose control of the economy?
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.
Three Reasons a Coffee Gift Set From This Christian Company Is Perfect for Christmas
When you’re searching for a Christmas gift that’s meaningful, useful, and rooted in faith, you don’t want to settle for anything generic. This season is filled with noise — mass-produced products, last-minute picks, and trends that fade as quickly as they appear. But one gift stands apart because it blends genuine quality with a message that matters: a coffee gift set from Promised Grounds Coffee.
This small Christian-owned company has become a favorite among believers who want to support faith-driven businesses while giving friends and family something they’ll actually enjoy. Here are three reasons a Promised Grounds Coffee gift set may be the most thoughtful and impactful present you give this year.
1. It’s Truly Delicious Coffee
Too many “gift-worthy” coffees look beautiful in the package but disappoint when the cup is poured. Promised Grounds takes the opposite approach — exceptional taste first, thoughtful presentation second.
Their beans are sourced with care, roasted in small batches, and crafted to bring out a rich, smooth flavor profile that appeals to both casual drinkers and true coffee lovers. Whether someone enjoys bold, dark roasts or lighter, more delicate blends, every sip reflects quality that stands shoulder-to-shoulder with the biggest specialty brands.
Simply put: this coffee is good. Really good. Some say it’s absolutely fantastic. If you want a gift that won’t be re-gifted, ignored, or shoved in a cabinet, this is it.
2. It Spreads the Word While Serving a Real Purpose
There are many Christian gifts that are meaningful… but not exactly practical. There are also useful gifts that have nothing to do with faith. Promised Grounds Coffee bridges both worlds beautifully.
Each gift set delivers an encouraging, faith-centered message through its packaging and presentation — a simple but powerful reminder of God’s goodness during the Christmas season. The cups are especially popular and serve as a daily reminder of the blessings from our Lord. At the same time, the product itself is something people will actually use and appreciate every single day.
It’s a gift that uplifts the spirit and fills the mug. A gift that points loved ones toward Scripture while still being part of the normal rhythm of life. And in a culture that increasingly pushes faith to the margins, giving a gift that quietly but confidently honors Christ can make a deeper impact than you might expect.
3. It’s Affordable, Valuable, and Elegantly Presented
Many people want to give something meaningful without breaking their Christmas budget. Promised Grounds Coffee strikes that perfect balance — the sets look and feel premium, but the price remains accessible.
The packaging is classy, clean, and gift-ready, making it ideal for:
- Family members of all ages
- Co-workers or employees
- Church friends or small-group leaders
- Hosts, neighbors, and last-minute gift needs
It’s the kind of gift that feels more expensive than it is — and more thoughtful than most of what you’ll find on store shelves.
The Perfect Blend of Faith, Flavor, and Christmas Cheer
A coffee gift set from Promised Grounds Coffee checks every box: a gift that tastes amazing, conveys your faith, supports a Christian business, and brings daily enjoyment to the person who receives it. In a season when so many gifts are forgotten, this one stands out for all the right reasons.
If you want a Christmas present that reflects your values and delivers genuine joy, Promised Grounds Coffee is the perfect place to start.
This is where the US Government has led us. If it makes you feel any better, they treat the world the same way they treat us. That’s why BRICS and the rest of the world is getting rid of us.
This calls for the 25th amendment, section 4
Thank you for allowing us to comment on your site JDR. Many, if not most alternative press sites do not want to hear what we think, which is sad because they don’t want to hear how angry we are, which is considerable.
As for this article by Michael Snyder. I believe it is even worse than he is describing. The FDIC has only about 80 billion or so against that multiple hundred billion or even trillion-dollar mess. When Biden killed our Energy Sector, it set America on the road to a total meltdown as the FED also devalued the dollar to the point that this inflation has doubled the price of food as compared to five years ago.
Even though credit unions are also exposed to the derivatives market, they are still safer than banks. We are advising everyone to take their monies out of the banks and put them in as strong a credit union as you can find. Credit Unions like Navy Federal are large enough to weather the storm which is only expose at five billion in derivatives as compared to banks which are expose in the trillions of dollars.
In the 2008 crash, the cause was when the FED raised rates at the same time that gas, went for the first time, to $5.00 a gallon. That is when the housing market crashed. Now it is even worse. Who do you think is purchasing all those homes people are moving out of because they cannot afford the monthly payments? COMMERCIAL REAL ESTATE COMPANIES that’s who, and they are going to be the first to fail !
I know this is the truth. I see it all around me in my town. In my supermarket restaurant owners get there at the opening and scoop up all sale items by the shopping carts. I complained about no sale items and was told that I had better get there first thing in the morning, or forget about it. Our “booming” Biden economy. Empty store fronts and places closing all over. To think imbecile Biden supporters voted for this and will again. I think 2024 is make or break. We can’t survive much more. Pray for Peace. Trump 2024! America First! ULTRAMAGA!
This isn’t just about Joe. Joe doesn’t run anything. We have a presidency by committee including Bernie who is in charge of the domestic economy, Barry and Susan in charge of
Islamic relations, Hillary running the state department, Chuck in charge of legislative affairs to name a few. With computerized voting machines and mail in ballots, this crowd doesn’t need the peasants.
Marxist Globalist Progressive Liberals OWN this fiasco. To stop it. We must arrest the billionaires that are funding the destruction. Soros, Gates, Schwab, and many others are pushing for a tyrannical system of government. No thanks. After their arrests, we must rid ourselves of the DEEP STATE BUREAUCRATS who are facilitating the destruction.
Yes, it is BY DESIGN crumbling —- banks routinely hire people who flunked grade school arithmetic, incapable of performing simple banking operations —- but hasn’t that long been the case at the Federal Reserve?!?!
When Peter G. Peterson’s handpicked boy, Timothy Geithner, was chairman of the Wall Street control element, the FRBNY (NY Federal Reserve), Geithner fired economic advisor Prof. Shiller (“Irrational Exhuberance”) for suggesting they add the function of “falling housing prices” to their MORTGAGE MODELS and hired the Peterson Institute’s Katherine Mann to replace him –– she was famous for claiming that for every American job offshored, two or more new jobs would MAGICALLY appear in America!
SOROS, BILL GATES, HANSJÖRG WYSS, PRITZKERS, JON STRYKER, WARREN AND PETER BUFFET, AND too many others are destroying North America and Western Civilization — — — no “Palmer Raids” to save the nation this time around ……….
No worries, the leader of the Freak World shall save us:
(At the 5:37 time point)
https://youtu.be/fFb6fxN4AlU?si=qqVqnL8xSMi7L31o
At least the flags popping up are ‘Red Flags’. Just think how bad it would be if those were ‘Blue Flags’!