The Economic Doomsday Nobody Wants to Admit

Written by Derek Wolfe

The truth hurts: This economy is in free fall, and if you’re not paying attention, you're in for a rude awakening. People know something is seriously off—hell, you can feel it in the air. Americans are angry, desperate for change, and politicians are scrambling to spin it to their advantage. But the truth is, we’re too far gone. This isn’t a dip in the road—it’s a cliff. And guess what? The brakes have been cut.

The Housing Market is Dead on Arrival

Last month, sales of previously owned homes hit the lowest point since October 2010. That’s right—we’re back to post-2008 crisis levels. And it’s not just a fluke. We’re heading toward the worst year for home sales since 1995. If you thought 2023 was rough, buckle up, because 2024 is even worse.

High prices and skyrocketing mortgage rates are keeping would-be buyers out of the game. And with mortgage applications plummeting 17% in just one week, this death spiral isn’t slowing down. People can’t afford to buy, and soon, they won’t even be able to sell without taking a hit. Welcome to the new normal—a market frozen in fear.

Commercial Real Estate: Fire Sale in Progress

The commercial real estate collapse is flying under the radar, but it’s disaster-level stuff. An office building in Manhattan that UBS bought for $332 million in 2006 just sold for $8.5 million. You read that right. A 97% loss. And that’s in Manhattan—a place where office space used to print money. Now? It’s not even worth the paper the contracts are written on.

This is happening across the country, and it’s a ticking time bomb for the banks. Because guess what? These empty buildings and unpaid loans are toxic assets, and we all know what happens when the banks can’t unload that garbage.

Banks on the Brink of Collapse

If you thought the 2008 crisis was a fluke, think again. Banks are already folding—last Friday, The First National Bank of Lindsay bit the dust. The FDIC swooped in to clean up the mess, but this is just the beginning. Fraud, mismanagement, and bad loans are gutting the banking sector. Experts are warning that hundreds more banks could fail.

And when that happens? It’s going to be an all-out nightmare. Remember the bailouts? Don’t bet on them this time. The government’s tapped out, drowning in debt. They’ll let the small guys burn and prop up the big boys—if they can even manage that.

Restaurants Are Shutting Down Everywhere

The “restaurant apocalypse” I’ve been warning about is here. Denny’s—an American icon—just announced it’s closing 150 locations by the end of 2025. That’s 10% of the chain, folks. If Denny’s can’t survive, what chance do the little guys have? Thousands of restaurants across the country are going under, and more will follow.

It’s not just diners and fast food—high-end places are folding too. People aren’t spending money. They’re broke, and they’re trying to make it through the month on maxed-out credit cards. This is what happens when the economy implodes: businesses collapse, one after another, until all that’s left is the wreckage.

Retailers Are Dropping Like Flies

It’s not just restaurants—retailers are in the same boat. BuyBuy Baby just threw in the towel, announcing the closure of all its stores. They’re shifting to an online-only model, but let’s be real—it’s a desperate move. The retail bloodbath is far from over, and come 2025, we’re going to see a wave of store closures like never before.

Right now, most retailers are just trying to survive through the holiday season. But after New Year’s? The real pain begins. Expect empty malls, boarded-up storefronts, and a whole lot of “For Lease” signs where your favorite stores used to be.

Maxed-Out Americans Are Running on Fumes

Here’s the kicker: Americans are flat broke. A staggering 37% of credit card holders are either maxed out or close to it, thanks to the Fed jacking up interest rates. That’s 20% with maxed-out cards and another 17% on the edge.

You can’t squeeze blood from a stone, and you can’t keep an economy running when consumers have nothing left to spend. Bubbles are popping all around us—real estate, retail, banking. And the geniuses running the show? They kept this party going with trillions of dollars in fake money and unimaginable debt. Now the bills are coming due, and the whole system is unraveling right before our eyes.

The Hard Landing is Coming—Are You Ready?

Make no mistake, the crash is here. The elites kept this house of cards standing just long enough to line their pockets. They flooded the system with cheap cash, blew up asset bubbles, and now they’re letting it all burn. They’re betting that you won’t notice until it’s too late.

Well, I’m here to tell you: It’s already too late. The game is rigged, and you’re not the house—you’re the mark. The politicians, the banks, the media—they’re all in on it. They’ll distract you with election drama and identity politics, but the real fight is right here: your survival in the face of economic collapse.

The window to prepare is closing fast. If you want a shot at staying ahead of this mess, you need to act now. Start building your safety net. Download “Seven Steps to Protect Yourself from Bank Failure” by Bill Brocius —this guide will help you take the first steps toward protecting yourself before the system crumbles completely.

This isn’t some hypothetical doom scenario—it’s already happening. The time to wake up was yesterday, but today will have to do. Get your head straight, get prepared, and don’t wait for a bailout that isn’t coming. The collapse is here—what are you going to do about it?