Economic Red Flags: Repossessions, Bankruptcies, and a Looming Crisis

The Rise in Auto Repossessions: A Canary in the Coal Mine

Have you noticed the sudden increase in car repossession lots overflowing with vehicles? It’s not a coincidence. Subprime auto loan delinquencies have skyrocketed to 6.56%—the highest on record. That means working-class Americans, already squeezed by inflation and stagnant wages, are defaulting on their car payments at an alarming rate.

Why is this happening? The Federal Reserve’s aggressive rate hikes have made borrowing more expensive, while inflation has eaten away at disposable income. People are forced to choose between paying for groceries or keeping their car. This isn’t just an economic cycle—it’s engineered destruction.

And what happens when the repo wave turns into a tsunami? Car prices crash, banks tighten lending even further, and the middle class gets pushed deeper into financial servitude. This is exactly how the system is designed to operate—bleed the people dry while the financial elites profit from their suffering.

The Restaurant Industry is Dying—and It’s Not Just Bad Business

It’s not just car owners feeling the squeeze. Restaurants are closing at an alarming rate, with beloved establishments that have survived for decades now shuttering their doors. Take Charo Chicken in Costa Mesa, California—forced to close after 30 years because of an unsustainable $8,000-a-month lease.

This is happening across the country. The combination of skyrocketing rent, labor costs, and dwindling customer spending has become a death sentence for small businesses. Consumers, faced with higher grocery prices and shrinking paychecks, are eating out less. But here’s the bigger picture: this isn’t just an economic downturn—it’s part of a systematic gutting of the middle class.

Mega-chains backed by Wall Street will survive, while independent businesses—once the backbone of local economies—will disappear. What remains? A landscape dominated by corporations, where every dollar spent further enriches the same elites responsible for this mess.

Housing Market: A Crash in Slow Motion

The housing market is another ticking time bomb. Pending home sales plummeted 4.6% in January, hitting record lows. Meanwhile, one in seven home sales under contract is being canceled, according to Redfin. Why? Because banks are tightening their lending standards, and appraisals are coming in lower than sale prices.

Translation: buyers can’t secure loans, and homes aren’t worth what sellers think they are. This is a repeat of 2008—except this time, the Federal Reserve’s reckless money printing has inflated home prices to such absurd levels that a collapse isn’t just possible, it’s inevitable.

The elites, of course, are waiting in the wings. When the crash comes, they’ll swoop in, buy up foreclosed homes for pennies on the dollar, and turn America into a nation of permanent renters. The dream of homeownership is fading, replaced by a system where landlords (often mega-corporations) dictate how and where you live.

Banks are Playing with Fire—Again

If you think your money is safe in the banking system, think again. Citigroup recently mistakenly credited an account with $81 trillion—yes, trillion. While the error was corrected, it reveals a shocking level of incompetence in our financial institutions.

Let’s not forget that the U.S. federal debt has exceeded $36 trillion, with unfunded liabilities surpassing $200 trillion. The system is unsustainable. What happens when it implodes? Bank bail-ins. You won’t hear about it on the news, but legislation is already in place that allows banks to seize depositors' funds in a crisis. If you still trust the traditional banking system, you’re gambling with your financial future.

How to Protect Yourself from the Coming Collapse

The solution isn’t waiting for a government bailout or trusting the same institutions that engineered this crisis. You need to take control of your financial destiny. Here’s how:

✅ Ditch Unnecessary Debt – If you’re carrying auto loans, credit card debt, or adjustable-rate mortgages, now is the time to pay them off or refinance before rates climb higher.

✅ Diversify Outside of Banks – The next banking crisis will be swift and brutal. Don’t leave your wealth in the hands of institutions that can lock you out overnight. Gold, silver, and decentralized assets are your best insurance.

✅ Stockpile Essentials – Food, water, and hard assets will be more valuable than ever if supply chains break down.

✅ Find Alternative Income Streams – Whether it’s a side hustle, freelance work, or investing in alternative markets, financial independence means not relying on a paycheck that might disappear overnight.

✅ Exit the System Before It Exits You – The government is tightening control over transactions and bank accounts. Cash restrictions and digital surveillance are coming. If you don’t have a plan, you’re a sitting duck.

Final Thoughts: You Have Two Choices

You can either wake up now, prepare, and secure your financial future—or you can ignore the warning signs and hope the system doesn’t swallow you whole.

If you’re serious about protecting your assets and staying ahead of the collapse, I have two essential resources for you:

📘 Get my free book, “Seven Steps to Protect Your Bank Accounts,” and learn how to safeguard your wealth from failing banks and government overreach. Download here

📗 Grab a discounted hardcover of Bill Brocius’ “The End of Banking as You Know It” to understand why the system is failing and what comes next. Order here

The collapse isn’t coming—it’s already here. The question is, will you be ready?