- Watch The JD Rucker Show every day to be truly informed.
(The Economic Collapse Collapse)—The days of the 99 cent Egg McMuffin are never coming back. Our central bank has been treating our currency like toilet paper, and our politicians in Washington have been borrowing and spending trillions of dollars that we do not have. As a result, we are in the midst of an inflation crisis that seemingly has no end. Of course the mainstream media insists that inflation is “low”, but literally just about everything that we shell out money for on a regular basis costs a lot more these days. For example, just check out what it will cost you to get a single Egg McMuffin at one McDonald’s location in Connecticut…
A McDonald’s customer was left astounded after paying $7.29 for a single Egg McMuffin in a Connecticut drive through.
Bespoke Investment Group posted a picture of the customer’s receipt with the caption ‘$7.29 for one McDonald’s Egg McMuffin. What has the world come to?? These were 2 for $2 pretty recently.’
The bill records the purchase of two Egg McMuffins for $14.58 and one Bacon, Egg & Cheese McGriddle without two half-strips of bacon for $7.19.
$7.29 for just one Egg McMuffin?
Are you serious?
So that means that the price of an Egg MucMuffin in Connecticut is now more than 7 times higher than it was during the Reagan administration…
Watching old commercials like that makes me sad, because our country has become a completely different place since that time.
Of course it isn’t just the Egg McMuffin that has become ridiculously expensive.
One customer in Idaho was stunned when he recently had to shell out $16.10 for his value meal…
Another customer in Idaho was also shocked to discover the prices of combo deal in December.
Topher Olive, was visiting one of the restaurant’s locations in Post Falls when he picked up a Smoky BLT Quarter Pounder with Cheese, a large fry, and a large Sprite setting him back $16.10.
He shared a video of his meal on, where he has more than 334,000 followers, admitting that he was shocked over the price.
I clearly remember when I could get a combo at McDonald’s for just five bucks.
Now only the wealthy can afford to eat at McDonald’s on a regular basis.
Needless to say, the definition of “wealthy” has changed too.
Once upon a time, if you had a million dollars you were set for life.
But now Kevin O’Leary says that you need at least five million dollars in the bank…
Kevin O’Leary, Shark Tank star and investor, sparked significant discussion with his assertion that individuals need $5 million in their bank accounts to ensure lifelong financial stability.
In an August 2023 YouTube video, O’Leary said, “You have to get to a place where you have $5 million in the bank,” emphasizing the importance of this amount to “survive the rest of your life, no matter what happens.” This statement, along with his detailed financial advice, has been a subject of both support and criticism among viewers and financial experts.
Only a tiny percentage of the population has that kind of money.
In fact, one recent survey found that 60 percent of the U.S. population has 500 dollars or less in their checking accounts.
And only 12 percent of the U.S. population has $2,001 dollars or more in their checking accounts. Just 12 percent. We are a nation that is literally living on the edge.
Amazingly, in this very tight economic environment there is a campaign to increase the salaries of members of Congress by 70 percent…
A campaign has started to raise the salaries of House and Senate members by 70% to $294,000 from the current $174,000 in return for better “performance.”
Federal analyst Steven Kopits, the president of Princeton Policy Advisors, argued that since most members are lawyers, salaries should at least be equal to what first-year associates in Manhattan receive, plus a 20% bump up.
“Most legislators are lawyers by trade, and we — or at least I — would hope that the public would prefer the best and the brightest to become members of Congress. First year law associates in New York are the best and brightest of their year, typically from Ivy League universities, and their salaries are tied to the market for premium legal services in the U.S. Therefore, if we believe we would like to recruit top-line legal professionals to serve in Congress, then first year associate salaries are a plausible comparable,” Kopits said in a memo.
Just like the rest of us, they are also being crushed by the terrible inflation that they played a major role in creating.
Considering how poorly they have performed, there is no way in the world that they should be getting a raise.
It is the rest of the country that needs help. The middle class is shrinking, food banks are facing unprecedented demand all over the nation, and homelessness is rising at the fastest pace ever recorded.
And our politicians are making things even worse by bringing in vast numbers of extremely desperate people from other countries.
In Denver, 40,000 new migrants have arrived during the past year, and they are absolutely overwhelming the city’s social services…
Nearly 40,000 migrants have arrived in Denver over the past year, making a city with a population of just over 710,000 the top destination per capita for newly arrived migrants crossing the U.S. southern border and traveling north in buses from Texas.
The influx is taking a toll on the city’s public safety net. Starting Feb. 5, Denver will limit the number of days migrants can stay in shelters and send those who exceed their stay out onto the streets.
One Venezuelan family, a mother, father and their three daughters, told NBC News they’ve been staying at a hotel paid for by the city, but they’ve just received notice that they’ll be evicted.
“Just yesterday they started throwing away the toys, the bicycles in the common area,” the mother said. “We don’t know where we will go next.”
This is happening all over the nation, and there is no end to this crisis in sight.
Meanwhile, we are being warned that the economy will “cool considerably” during the months ahead…
The U.S. economy is set to cool considerably in the coming months as once-rampant spending by American consumers finally comes to an end, according to Wells Fargo.
In a recent note to clients, Wells Fargo senior global market strategist Scott Wren warned that retail spending is likely to slow over the course of 2024 as the job market eases and layoffs start to rise.
“Americans with jobs and money in their pockets are going to spend,” Wren wrote. “However, as the economy slows as we move through the middle portion of this year and the labor market softens, we continue to believe the holiday spending that occurred last year was a bit of a last hurrah for the consumer.”
Of course there are lots of signs that the economy is already heading in the wrong direction quite rapidly.
Sales of iPhones are typically a very good indicator of where things are going, and right now projections for 2024 are quite dismal…
Apple stock, which on any given day is either the most or 2nd most valuable company in the world, rotating with MSFT, reversed earlier gains and slumped to session lows after widely-read TF International Securities analyst Ming-Chi Kuo (best known for gathering intelligence from his contacts in Apple’s Asian supply chain) reported that Apple has lowered its 2024 iPhone shipments of key upstream semiconductor components to about 200 million units, which correspondents to a decline of 15% year-on-year.
As a result, he notes that iPhone 15 series and new iPhone 16 series shipments will decline by 10–15% year-on-year in 1H 2024 and 2H 2024, respectively (compared to iPhone 14 series shipments in 1H 2023 and iPhone 15 series shipments in 2H 2023, respectively). Even worse, Apple’s weekly shipments in China have declined by 30–40% year-on-year in recent weeks, and this downward trend is expected to continue.
And layoff announcements continue to roll in from coast to coast.
This week, we learned that UPS will be laying off approximately 12,000 workers…
UPS plans to layoff nearly 12,000 employees following a massive year-over-year decline in revenue, company officials told USA TODAY Tuesday morning.
The workforce reduction is part of an effort to align resources in 2024 and will save the company nearly $1 billion, the Atlanta-based company’s CEO Carole Tomé said on a company earnings call.
A slow-motion train wreck is playing out day after day right in front of our eyes.
So many of the things that we have been warning about are literally happening right now.
But most of the population still appears to be in a deep state of sleep.
What will it take for them to finally wake up?
Michael’s new book entitled “Chaos” is available in paperback and for the Kindle on Amazon.com, and you can check out his new Substack newsletter right here.
Five Things New “Preppers” Forget When Getting Ready for Bad Times Ahead
The preparedness community is growing faster than it has in decades. Even during peak times such as Y2K, the economic downturn of 2008, and Covid, the vast majority of Americans made sure they had plenty of toilet paper but didn’t really stockpile anything else.
Things have changed. There’s a growing anxiety in this presidential election year that has prompted more Americans to get prepared for crazy events in the future. Some of it is being driven by fearmongers, but there are valid concerns with the economy, food supply, pharmaceuticals, the energy grid, and mass rioting that have pushed average Americans into “prepper” mode.
There are degrees of preparedness. One does not have to be a full-blown “doomsday prepper” living off-grid in a secure Montana bunker in order to be ahead of the curve. In many ways, preparedness isn’t about being able to perfectly handle every conceivable situation. It’s about being less dependent on government for as long as possible. Those who have proper “preps” will not be waiting for FEMA to distribute emergency supplies to the desperate masses.
Below are five things people new to preparedness (and sometimes even those with experience) often forget as they get ready. All five are common sense notions that do not rely on doomsday in order to be useful. It may be nice to own a tank during the apocalypse but there’s not much you can do with it until things get really crazy. The recommendations below can have places in the lives of average Americans whether doomsday comes or not.
Note: The information provided by this publication or any related communications is for informational purposes only and should not be considered as financial advice. We do not provide personalized investment, financial, or legal advice.
Secured Wealth
Whether in the bank or held in a retirement account, most Americans feel that their life’s savings is relatively secure. At least they did until the last couple of years when de-banking, geopolitical turmoil, and the threat of Central Bank Digital Currencies reared their ugly heads.
It behooves Americans to diversify their holdings. If there’s a triggering event or series of events that cripple the financial systems or devalue the U.S. Dollar, wealth can evaporate quickly. To hedge against potential turmoil, many Americans are looking in two directions: Crypto and physical precious metals.
There are huge advantages to cryptocurrencies, but there are also inherent risks because “virtual” money can become challenging to spend. Add in the push by central banks and governments to regulate or even replace cryptocurrencies with their own versions they control and the risks amplify. There’s nothing wrong with cryptocurrencies today but things can change rapidly.
As for physical precious metals, many Americans pay cash to keep plenty on hand in their safe. Rolling over or transferring retirement accounts into self-directed IRAs is also a popular option, but there are caveats. It can often take weeks or even months to get the gold and silver shipped if the owner chooses to close their account. This is why Genesis Gold Group stands out. Their relationship with the depositories allows for rapid closure and shipping, often in less than 10 days from the time the account holder makes their move. This can come in handy if things appear to be heading south.
Lots of Potable Water
One of the biggest shocks that hit new preppers is understanding how much potable water they need in order to survive. Experts claim one gallon of water per person per day is necessary. Even the most conservative estimates put it at over half-a-gallon. That means that for a family of four, they’ll need around 120 gallons of water to survive for a month if the taps turn off and the stores empty out.
Being near a fresh water source, whether it’s a river, lake, or well, is a best practice among experienced preppers. It’s necessary to have a water filter as well, even if the taps are still working. Many refuse to drink tap water even when there is no emergency. Berkey was our previous favorite but they’re under attack from regulators so the Alexapure systems are solid replacements.
For those in the city or away from fresh water sources, storage is the best option. This can be challenging because proper water storage containers take up a lot of room and are difficult to move if the need arises. For “bug in” situations, having a larger container that stores hundreds or even thousands of gallons is better than stacking 1-5 gallon containers. Unfortunately, they won’t be easily transportable and they can cost a lot to install.
Water is critical. If chaos erupts and water infrastructure is compromised, having a large backup supply can be lifesaving.
Pharmaceuticals and Medical Supplies
There are multiple threats specific to the medical supply chain. With Chinese and Indian imports accounting for over 90% of pharmaceutical ingredients in the United States, deteriorating relations could make it impossible to get the medicines and antibiotics many of us need.
Stocking up many prescription medications can be hard. Doctors generally do not like to prescribe large batches of drugs even if they are shelf-stable for extended periods of time. It is a best practice to ask your doctor if they can prescribe a larger amount. Today, some are sympathetic to concerns about pharmacies running out or becoming inaccessible. Tell them your concerns. It’s worth a shot. The worst they can do is say no.
If your doctor is unwilling to help you stock up on medicines, then Jase Medical is a good alternative. Through telehealth, they can prescribe daily meds or antibiotics that are shipped to your door. As proponents of medical freedom, they empathize with those who want to have enough medical supplies on hand in case things go wrong.
Energy Sources
The vast majority of Americans are locked into the grid. This has proven to be a massive liability when the grid goes down. Unfortunately, there are no inexpensive remedies.
Those living off-grid had to either spend a lot of money or effort (or both) to get their alternative energy sources like solar set up. For those who do not want to go so far, it’s still a best practice to have backup power sources. Diesel generators and portable solar panels are the two most popular, and while they’re not inexpensive they are not out of reach of most Americans who are concerned about being without power for extended periods of time.
Natural gas is another necessity for many, but that’s far more challenging to replace. Having alternatives for heating and cooking that can be powered if gas and electric grids go down is important. Have a backup for items that require power such as manual can openers. If you’re stuck eating canned foods for a while and all you have is an electric opener, you’ll have problems.
Don’t Forget the Protein
When most think about “prepping,” they think about their food supply. More Americans are turning to gardening and homesteading as ways to produce their own food. Others are working with local farmers and ranchers to purchase directly from the sources. This is a good idea whether doomsday comes or not, but it’s particularly important if the food supply chain is broken.
Most grocery stores have about one to two weeks worth of food, as do most American households. Grocers rely heavily on truckers to receive their ongoing shipments. In a crisis, the current process can fail. It behooves Americans for multiple reasons to localize their food purchases as much as possible.
Long-term storage is another popular option. Canned foods, MREs, and freeze dried meals are selling out quickly even as prices rise. But one component that is conspicuously absent in shelf-stable food is high-quality protein. Most survival food companies offer low quality “protein buckets” or cans of meat, but they are often barely edible.
Prepper All-Naturals offers premium cuts of steak that have been cooked sous vide and freeze dried to give them a 25-year shelf life. They offer Ribeye, NY Strip, and Tenderloin among others.
Having buckets of beans and rice is a good start, but keeping a solid supply of high-quality protein isn’t just healthier. It can help a family maintain normalcy through crises.
Prepare Without Fear
With all the challenges we face as Americans today, it can be emotionally draining. Citizens are scared and there’s nothing irrational about their concerns. Being prepared and making lifestyle changes to secure necessities can go a long way toward overcoming the fears that plague us. We should hope and pray for the best but prepare for the worst. And if the worst does come, then knowing we did what we could to be ready for it will help us face those challenges with confidence.
