I don't think we are in the Last Times though I don't doubt that it is possible.
Tradtional Catholics are simply not suffering any real persecutions in much of the world. There are inconveniences, yes, but when one reads histories of persecutions, our petty problems are nothing compared with Catholics who have suffered true persecutions.
As for feeling that the whole problem is crazy, you're not alone. The situation in the world IS crazy. The difference between our times and past Crises, however, is that technology has connected the faithful in a way that was never before possible. In the past, when a parish, diocese, province, or country fell away from the Church the few Catholics who remained faithful must have thought they were the last ones left in the entire world. Today, we have the comfort of knowing that the Faith has not even remotely disappeared; it is much dimminished, but far from gone.
God has allowed the Crisis to continue so that He can demonstrate His Glory.