Economic Chaos Erupts! – Global Manufacturing Plunges, The Trade War Expands And The Nasdaq Enters Correction Territory

The global economic slowdown is really starting to accelerate. Just within the past few days, we have gotten more really awful global manufacturing numbers, the trade war has expanded to more nations, and the Nasdaq has officially entered correction territory. We have not witnessed this sort of global economic environment since the Great Recession, and if the economic chaos continues to escalate it won’t take too much to spark a brand new financial crisis. Of course the global financial system is far more vulnerable than it was back in 2008, and so if we stay on the path that we are currently on we could be facing a nightmare scenario very rapidly.

Let’s talk about the manufacturing numbers first. The numbers coming out of Germany are already at a crisis level, and manufacturing is also now contracting in Japan, South Korea and China as well.

Overall, global manufacturing as a whole has now fallen into contraction territory for the first time in seven years

Global manufacturing was the weakest since 2012 last month, a victim of mounting trade tensions and further reason to worry that the world economy is weakening.

With softness in Germany, Japan, the U.K. — as well as the lowest U.S. result in a decade — IHS Markit’s global Purchasing Managers Index fell to 49.8 in May, below the 50 level that divides expansion from contraction.

The reports underscore the growing threat posed by the escalating U.S.-China trade war, and they coincided with a fresh warning from Wall Street about recession risks.

The reason why so many people are freaking out about these numbers is because this is exactly what we would expect to see if we were entering a global recession.

Meanwhile, global financial markets are looking increasingly shaky. On Monday, the Nasdaq fell another 120 points and it has now officially entered correction territory

Stocks ended mostly lower Monday, June’s first day of trading, amid reports that the U.S. government is planning to target a host of big tech companies with antitrust and business practice probes. Shares of Alphabet, Amazon, Facebook and Apple all weighed on the market during Monday’s session.

The Nasdaq dropped 1.6% to enter correction territory, closing more than 10% below its record high set in late April.

The term “correction territory” might not mean a lot to many of you, so let me put what is happening in terms you may understand.

On Monday alone, America’s most prominent tech stocks lost approximately 150 billion dollars in value. It looks like the Trump administration is getting ready to go to war with the big tech companies, and that is really, really bad news for tech investors. The following comes from Breitbart

The Masters of the Universe got hit hard by investors on Monday. Like $150 billion hard.

Shares of the top tech giants fell sharply on Monday after reports that U.S. antitrust regulators had divided up oversight of the sector, with the Department of Justice assuming responsibility for Alphabet and Apple and the Federal Trade Commission taking on Facebook and Amazon. This triggered fears that the government could mount challenges to the business models of the companies.

Shares of Alphabet dived 6.1 percent on Monday after the Wall Street Journal reported that the Justice Department is in the early stage of preparing an antitrust probe of the company. Reuters reported that the Department of Justice is also looking into Apple’s business for possible antitrust violations.

Speaking of war, our trade conflict with China continues to escalate. The mainstream media hasn’t been talking much about it, but apparently the Chinese have decided to put purchases of U.S. soybeans “on hold” until a trade agreement is reached…

China, the world’s largest soybean buyer, has put purchases of American supplies on hold after the trade war between Washington and Beijing escalated, according to people familiar with the matter.

State-grain buyers haven’t received any further orders to continue with the so-called goodwill buying and don’t expect that to happen given the lack of agreement in trade negotiations, said the people, who asked not to be named because the information is private.

U.S. soybean farmers have been sitting on unprecedented amounts of soybeans in hopes that an end to the trade war would raise prices.

But instead, demand for U.S. soybeans is going to go through the floor, and this could potentially force thousands of soybean farmers into bankruptcy.

And in addition to our trade war with China, the Trump administration has apparently decided that now is a good time to start a trade war with Mexico

From produce to cars, a wide variety of Mexican goods could become more expensive if Trump follows through on his threat to hit Mexican imports with tariffs that soon could climb to 25%. Trump wants to pressure Mexico into doing more to halt the flow of Central American migrants to the U.S. via the Mexican border.

The tariffs, set to begin June 10, would gradually climb to 25% on Oct. 1 if Mexico doesn’t take steps “to dramatically reduce or eliminate” the number of migrants, Trump said Thursday. Such a strategy would hurt American shoppers, the economy and stocks, experts say, just as U.S. growth is slowing and the threat of more tariffs on Chinese imports looms larger.

At least in this case the U.S. and Mexico are still talking, and so perhaps some kind of resolution can be reached.

On top of everything else, the Trump administration has also just decided to add India to the trade war as well

Mr. Trump on Friday said India would be removed from the U.S.’s privileged-trading program called the Generalized System of Preferences on Wednesday. Under the decadeslong program meant for some developing economies, the U.S. had allowed India to avoid tariffs on certain exports to the U.S. in the interest of promoting tighter trade ties and development.

India, the U.S.’s ninth-largest trading partner, is a top beneficiary of the GSP program. Mr. Trump’s move will add tariffs of as much as 7% on Indian exports of goods like chemicals, auto parts and tableware to the U.S., which in 2018 accounted for more than 11%, or $6.3 billion, of India’s total exports of goods valued at $54.4 billion, according to the Congressional Research Service, a research agency for the U.S. Congress.

A global trade war is going to be incredibly painful for everyone, and this is all happening at a time when the global economy was already starting to slow down substantially.

Here in the United States, a lot of businesses are really starting to notice a big decline in economic activity. Here is just one example that was published on Zero Hedge earlier today…

Down here, in Texas, I am seeing a big drop in economic activity over the last 6 months. Our healthcare businesses’ volume over this period is at 629, down from 770, year-on-year, almost a 20% decline, and the worst six month decline in our 15 year history. We have been pulling out all of the stops for business development, cutting overhead, and running all the QC traps to determine if it is something within our business, within our local market, within our industry, or having to do with the economy in general.

In this period, we have seen seven competitors go out of business in our city. We have recently confirmed similar experiences with colleagues in Kentucky, Colorado, and elsewhere in Texas. One of them asked me, “If this is not temporary, what would the strategy be?” My response was, “Hunker in the bunker and wait for everyone else to die.”

This is what we have all been preparing for, and things are going to get progressively tougher in the months ahead.

Unfortunately, most Americans are completely and totally clueless about what is ahead. Today, 59 percent of all Americans are living paycheck to paycheck, and the truth is that the vast majority of us are entirely unprepared to go through another recession.

And of course many believe that what we are facing is going to be much worse than just a “recession”. A perfect storm is rapidly coming together, and the chaos that we have seen so far is nothing compared to what is rapidly approaching.

Get Prepared NowAbout the author: Michael Snyder is a nationally-syndicated writer, media personality and political activist. He is the author of four books including Get Prepared Now, The Beginning Of The End and Living A Life That Really Matters. His articles are originally published on The Economic Collapse Blog, End Of The American Dream and The Most Important News. From there, his articles are republished on dozens of other prominent websites. If you would like to republish his articles, please feel free to do so. The more people that see this information the better, and we need to wake more people up while there is still time.

All Of The Economic Momentum Is Moving In Just One Direction Now

Earlier today, I was greeted by this jarring headline when I visited the Drudge Report: “BONDS FLASH RECESSION WARNING”. These days, it seems like the “R word” is being thrown around constantly, but at this time last year everyone was celebrating how well the economy was doing. Unfortunately, we have witnessed a dramatic shift in recent months, and we just got some more really bad economic numbers. Thanks to those bad numbers and an increasing amount of anxiety about the trade war, the Dow Jones Industrial Average fell another 237 points on Monday. That means that we are on pace to potentially see the Dow fall for a sixth week in a row, and that is something that hasn’t happened since the last recession.

But right now investors are far more spooked about what is going on in the bond market. According to Mish Shedlock, we haven’t seen this many yield curve inversions “since the start of the Great Recession”…

On Friday, US Treasury yields plunged at the mid to long end of the curve providing the most inversions since the start of the Great Recession. This is the biggest recession warning since 2007.

In so many ways, what we are witnessing at this moment is very reminiscent of the conditions that prevailed just prior to the last financial crisis.

Back then, the economic numbers were definitely starting to slide, but most Americans didn’t think that we were heading toward big trouble. But those that understood what was happening were sounding the alarm, and the same thing is happening today. For example, the following comes from a CNBC article entitled “Morgan Stanley says economy is on ‘recession watch’ as bond market flashes warning”

“Recent data points suggest US earnings and economic risk is greater than most investors may think,” wrote Michael Wilson, the firm’s chief U.S. equity strategist.

Specifically, the stock strategist highlighted a recent survey from financial data firm IHS Markit that showed manufacturing activity fell to a nine-year low in May. That report also revealed a “notable slowdown” in the U.S. services sector, a key area for an American economy characterized by huge job gains in health care and business services.

In addition to disappointing manufacturing numbers, we also just learned that orders for capital goods were down significantly during the month of April…

The Commerce Department said on Friday orders for non-defense capital goods excluding aircraft, a closely watched proxy for business spending plans, dropped 0.9% last month as demand weakened almost across the board. Data for March was revised down to show these so-called core capital goods orders rising 0.3% instead of increasing 1.0% as previously reported.

Also, we just found out that U.S. home price gains have now fallen for 12 months in a row.

When you add those numbers to all of the other depressing economic numbers that have been rolling in lately, a very clear picture emerges.

The U.S. economy is heading in the wrong direction, and things are steadily getting worse.

A resolution to our trade war with China would be a huge economic boost in the short-term, but that is not likely to happen for the foreseeable future. In fact, on Monday President Trump stated that he is “not ready” to make a deal with China

Bank shares fell broadly amid the lower interest rates. Goldman Sachs dropped 1.8% while Citigroup and J.P. Morgan Chase fell 0.9% and 1.1%, respectively. Morgan Stanley and Wells Fargo also slipped.

The drop in bank shares and rates come after President Donald Trump said on Monday the U.S. was “not ready” to make a deal with China, before adding he expected one in the future. Trump also said tariffs on Chinese imports could go up “substantially.”

And the Chinese are clearly digging in as well. The chief editor of the Global Times, Hu Xijin, has a very close relationship with top Chinese officials, and he just warned that China “is seriously considering restricting rare earth exports” to the United States…

While the official at China’s national planning body did not directly answer whether Beijing would restrict rare earth exports to the United States, Global Times Editor-in-chief Hu Xijin wrote on Twitter: ‘Based on what I know, China is seriously considering restricting rare earth exports to the U.S. China may also take other countermeasures in the future.’

Although the tabloid Global Times is not one of China’s official media, it is widely read and is published by the ruling Communist Party’s People’s Party newspaper.

Just a few days ago I published an entire article about the impact that such a move would have on the U.S. economy, and I won’t reproduce all of that information here.

But the bottom line is this – the U.S. economy would be in a massive amount of trouble if that happened.

A deteriorating relationship with China is part of the scenario that we have been anticipating, and events are definitely starting to accelerate now.

For most Americans, however, there is no reason to be concerned. Most of us simply trust that our leaders in Washington have things under control and that everything will work out just fine somehow.

But if we do plunge into another deep economic crisis, many Americans will be in enormous trouble right away. According to one recent survey, 45 percent of us rate our financial situations as either “fair” or “poor”

Nearly 30% of respondents rate their financial situation as “only fair” and 15% say it’s “poor.” Meanwhile, 25% worry “all” or “most” of the time that their household income won’t be enough to cover their expenses.

Their biggest concerns: Saving enough for retirement and unplanned medical costs, with 54% and 51%, respectively, saying they’re “very” or “moderately” worried about each prospect.

In addition, another recent survey discovered that 59 percent of all Americans are currently living paycheck to paycheck.

Just like last time around, most Americans are living on the edge financially.

And just like last time around, millions of Americans will be completely blind-sided by an economic train wreck that they didn’t see coming.

Get Prepared NowAbout the author: Michael Snyder is a nationally-syndicated writer, media personality and political activist. He is the author of four books including Get Prepared Now, The Beginning Of The End and Living A Life That Really Matters. His articles are originally published on The Economic Collapse Blog, End Of The American Dream and The Most Important News. From there, his articles are republished on dozens of other prominent websites. If you would like to republish his articles, please feel free to do so. The more people that see this information the better, and we need to wake more people up while there is still time.

Here Are 15 Numbers That Show How The Global Economy Is Performing, And All Of Them Are Bad

Global economic activity has already been slowing down dramatically, and the U.S. trade war with China is just going to make things worse. In so many ways, what we are witnessing in 2019 is quite reminiscent of what we witnessed as the last recession was beginning. Global exports are absolutely plummeting, auto sales are way down all over the globe, debt delinquencies are way up, and retailers are closing stores at a record pace. Even if the U.S. and China were getting along, things would be rough for the global economy in the months ahead, but a full-blown trade war between the two largest economies on the entire planet has the potential to be absolutely disastrous. We are truly in uncharted waters, and many believe that events are going to start accelerating very rapidly now.

Even though I write about this stuff on a daily basis, I have been surprised by how poor the global economic numbers have been lately.

And remember, earlier this month the global media were convinced that the U.S. and China were about to finalize a trade deal. Now that negotiations have completely broken down, we should expect that these numbers will soon get even worse.

The following are 15 numbers that show how the global economy is currently performing…

#1 Global exports are absolutely crashing and have now fallen to the lowest level since 2009.

#2 U.S. auto dealers are dealing with a backlog of 4.2 million unsold vehicles.

#3 Auto sales in Europe have fallen for seven months in a row.

#4 Chinese auto sales fell a whopping 16.6 percent in the month of April.

#5 Overall, Chinese auto sales have now fallen for 11 months in a row. That is a new all-time record.

#6 U.S. auto loan delinquencies have reached the highest level since the last recession.

#7 U.S. credit card delinquencies have hit the highest level in eight years.

#8 In April, U.S. manufacturing activity unexpectedly declined 0.5 percent.

#9 Thanks to the trade war, the price of soybeans just dropped to the lowest level since 2008.

#10 Party City just announced that it will be closing 45 stores.

#11 Fred’s just announced that they will be closing 104 more stores.

#12 In April, U.S. retail sales declined for the second time in three months.

#13 According to the Atlanta Fed’s latest forecast, U.S. GDP growth is expected to fall to just 1.2 percent in the second quarter of 2019.

#14 According to a new study just released by the Urban Institute, 40 percent of all Americans “sometimes struggle to afford housing, utilities, food or health care”.

#15 Overall, 59 percent of all Americans are currently living paycheck to paycheck according to a survey that was just conducted by Charles Schwab.

Leaders from both the U.S. and China are trying to act tough and say the right things, but everyone knows that this trade war is going to hurt both countries.

Economic numbers from both nations have been troubling lately, and one expert that was just interviewed by CNBC says that “it could get a lot worse”

Consumer and industrial activity in both the U.S. and China slowed in April, even before the world’s two biggest economies entered the latest phase of an escalating trade war that could take a bite out of global growth.

“The real message today is that both the economic data from the U.S. and China have disappointed. They’re like two boys in the sandbox that are spitting on each other, and it could get a lot worse,” said Marc Chandler, global market strategist at Bannockburn Global Forex.

In the short-term, it would greatly help if the U.S. and China could find a way to agree to a trade deal.

Unfortunately, the events of the past 48 hours have made that a lot less likely.

As I discussed yesterday, President Trump essentially took a sledgehammer to Chinese telecommunications giant Huawei. When the Commerce Department put Huawei on the “Entity List”, it essentially banned the company from buying much needed parts and components from U.S. firms. Some have described this as “the nuclear option”, and I think that description is quite accurate. In the end, this move is going to be absolutely devastating for Huawei.

Of course the Chinese are absolutely furious about this. Huawei is viewed with great national pride in China, and this move is considered to be a direct insult to Chinese national honor. Most Americans are not paying too much attention to the details of the trade war, but in China this is a really big deal and people are extremely angry. In fact, there has apparently been a run on “Donald Trump toilet brushes” in China in recent days because the Chinese are so angry.

Following my recent article about Huawei, a number of readers complained that I was being too soft on China. Of course that is not true at all. Long before Donald Trump ran for president, I was writing about how China was lying, cheating, stealing our technology and robbing us blind. I was literally begging for our politicians to stand up and do something, and I was thrilled when Trump started talking tough about China because I knew that he really understood these issues.

But I also want everyone to understand that trying to decouple from the Chinese economy would be extremely painful even in the most optimistic scenario. Our two economies have become extremely integrated, and we have become very dependent on China in many different ways. They buy our soybeans, they provide us with rare earth elements, and they own more than a trillion dollars of our debt. Looking at it from the Chinese perspective, they have countless ways that they can hurt us, and the angrier we make them the more likely it will be that they will lash out at us.

When negotiating with China, you need to be tough but you also need a lot of finesse. Taking a baseball bat and slamming it into their kneecaps is not going to work.

If we destroy our relationship with China, that is going to result in us going down a very dark path. Yes, China is an evil empire that has no respect for human rights at all. There is no freedom of speech in China, over the past year they have been shutting down lots of churches and burning lots of Bibles, and they have been systematically throwing members of other religious minorities into concentration camps.

So I don’t have any sympathy for the communist Chinese government at all. I just want all of you to understand that they are a very dangerous adversary, and a protracted trade war could be truly disastrous for the entire global economy.

Get Prepared NowAbout the author: Michael Snyder is a nationally-syndicated writer, media personality and political activist. He is the author of four books including Get Prepared Now, The Beginning Of The End and Living A Life That Really Matters. His articles are originally published on The Economic Collapse Blog, End Of The American Dream and The Most Important News. From there, his articles are republished on dozens of other prominent websites. If you would like to republish his articles, please feel free to do so. The more people that see this information the better, and we need to wake more people up while there is still time.

I Dare You To Tell Me The Economy Is “Booming” After Reading This List Of 19 Facts About Our Current Economic Performance

After taking an honest look at the facts, I don’t know how anyone can possibly claim that the U.S. economy is “booming”. I really don’t. We hear this sort of rhetoric from the mainstream media all the time, but it doesn’t make any sense. As I discussed yesterday, nobody should be using the term “booming” to describe the state of the U.S. economy until we have a full year when GDP growth is 3 percent or better, and at this point we haven’t had that since the middle of the Bush administration. And as you will see below, the latest numbers are clearly telling us that the U.S. economy is not even moving in the right direction. Economic conditions are getting worse, and they weren’t that great to begin with. According to the calculations that John Williams has made over at shadowstats.com, the U.S. economy is already in a recession, but of course the Federal Reserve will continue to tell us that everything is just fine for as long as they possibly can. Unfortunately for them, they can’t hide the depressingly bad numbers that are coming in from all over the economy, and those numbers are all telling us the same thing.

The following are 19 facts about our current economic performance that should deeply disturb all of us…

#1 In April, U.S. auto sales were down 6.1 percent. That was the worst decline in 8 years.

#2 The number of mortgage applications has fallen for four weeks in a row.

#3 We just witnessed the largest crash in luxury home sales in about 9 years.

#4 Existing home sales have now fallen for 13 months in a row.

#5 In March, total residential construction spending was down 8.4 percent from a year ago.

#6 U.S. manufacturing output was down 1.1 percent during the first quarter of this year.

#7 Farm incomes are falling at the fastest pace since 2016.

#8 Wisconsin dairy farmers are going bankrupt “in record numbers”.

#9 Apple iPhone sales are falling at a “record pace”.

#10 Facebook’s profits have declined for the first time since 2015.

#11 We just learned that CVS will be closing 46 stores.

#12 Office Depot has announced that they will be closing 50 locations.

#13 Overall, U.S. retailers have announced more than 6,000 store closings so far in 2019, and that means we have already surpassed the total for all of last year.

#14 A shocking new study has discovered that 137 million Americans have experienced “medical financial hardship in the past year”.

#15 Credit card charge-offs at U.S. banks have risen to the highest level in nearly 7 years.

#16 Credit card delinquencies have risen to the highest level in almost 8 years.

#17 More than half a million Americans are homeless right now.

#18 Homelessness in New York City is the worst that it has ever been.

#19 Nearly 102 million Americans do not have a job right now. That number is worse than it was at any point during the last recession.

But at least the stock market has been doing well, right?

Actually, the Dow Jones Industrial Average has been down for two days in a row, and investors are getting kind of antsy.

Hopes of a trade deal with China had been propping up stocks in recent weeks, but it looks like negotiations may have hit “an impasse”

The latest round of US-China trade talks may have hit an impasse, raising doubts about the chances of an early trade deal between the world’s two leading economies, Chinese official media reported on Thursday.

Unlike the previous negotiations, the 10th round of high-level economic and trade talks, which concluded here on Wednesday, had fewer details about specific discussions and results, state-run Global Times reported.

I warned my readers repeatedly that this would happen. The Chinese are going to negotiate, but they are going to drag their feet for as long as possible in hopes that the U.S. will free Meng Wanzhou.

Of course that isn’t going to happen, and so at some point the Chinese will have to decide if they are willing to move forward with a trade deal anyway.

But if the Chinese drag their feet for too long, Trump administration officials may lose patience and take their ball and go home.

In any event, the truth is that the U.S. economy is really slowing down, and no trade deal is going to magically change that.

And a lot of other pundits are also pointing out that a substantial economic slowdown has now begun. For example, the following comes from Brandon Smith’s latest article

The bottom line is, the next crash has already begun. It started at the end of 2018, and is only becoming more pervasive with each passing month. This is not “doom and gloom” or “doom porn”, this is simply the facts on the ground. While stock markets are still holding (for now), the rest of the system is breaking down right on schedule. The question now is, when will the mainstream media and the Fed finally acknowledge this is happening? I suspect, as in 2008, they will openly admit to the danger only when it is far too late for people to prepare for it.

Hopefully things will remain relatively stable for as long as possible, because nobody should want to see a repeat of 2008 (or worse).

Unfortunately, we can’t stop the clock. We are already more than a third of the way through 2019, and we will be into 2020 before we know it.

It has been an unusual year so far, but I have a feeling that it is about to get much, much more interesting.

Get Prepared NowAbout the author: Michael Snyder is a nationally-syndicated writer, media personality and political activist. He is the author of four books including Get Prepared Now, The Beginning Of The End and Living A Life That Really Matters. His articles are originally published on The Economic Collapse Blog, End Of The American Dream and The Most Important News. From there, his articles are republished on dozens of other prominent websites. If you would like to republish his articles, please feel free to do so. The more people that see this information the better, and we need to wake more people up while there is still time.

Nearly 102 Million Americans Do Not Have A Job Right Now – Worse Than At Any Point During The Last Recession

Wouldn’t it be horrible if the number of Americans without a job was higher today than it was during the Great Recession of 2008 and 2009? Well, that is actually true. As you will see below, nearly 102 million Americans do not have a job right now, and at no point during the last recession did that number ever surpass the 100 million mark. Of course the U.S. population has grown a bit over the last decade, but as you will see below, the percentage of the population that is engaged in the labor force is only slightly above the depressingly low levels from the last recession. Sadly, the truth is that the rosy employment statistics that you are getting from the mainstream media are manufactured using smoke and mirrors, and by the time you are done reading this article you will understand what is really going on.

Before we dig into the long-term trends, let’s talk about what we just learned.

According to CNBC, initial claims for unemployment benefits just rose by the most that we have seen in 19 months

Initial claims for state unemployment benefits jumped 37,000 to a seasonally adjusted 230,000 for the week ended April 20, the Labor Department said on Thursday. The increase was the largest since early September 2017.

And considering all of the other troubling economic signs that we have been witnessing lately, this makes perfect sense.

In addition, we need to remember that over the last decade lawmakers across the country have made it more difficult to apply for unemployment benefits and have reduced the amount of time that unemployed workers can receive them. In reality, the unemployment situation in this nation is far worse than the mainstream media is telling us.

When a working age American does not have a job, the federal number crunchers put them into one of two different categories. Either they are categorized as “unemployed” or they are categorized as “not in the labor force”.

But you have to add both of those categories together to get the total number of Americans that are not working.

Over the last decade, the number of Americans that are in the “unemployed” category has been steadily going down, but the number of Americans “not in the labor force” has been rapidly going up.

In both cases we are talking about Americans that do not have a job. It is just a matter of how the federal government chooses to categorize those individuals.

At this moment, we are told that only 6.2 million Americans are officially “unemployed”, and that sounds really, really good.

But that is only half the story.

What the mainstream media rarely mentions is the fact that the number of Americans categorized as “not in the labor force” has absolutely exploded since the last recession. Right now, that number is sitting at 95.577 million.

When you add 6.2 million “officially unemployed” Americans to 95.577 million Americans that are categorized as “not in the labor force”, you get a grand total of almost 102 million Americans that do not have a job right now.

If that sounds terrible to you, that is because it is terrible.

Yes, the U.S. population has been growing over the last decade, and that is part of the reason why the number of Americans “not in the labor force” has been growing.

But overall, the truth is that the level of unemployment in this country is not that much different than it was during the last recession.

John Williams of shadowstats.com tracks what the real employment figure would be if honest numbers were being used, and according to him the real rate of unemployment in the United States at the moment is 21.2 percent.

That is down from where it was a few years ago, but not by that much.

Another “honest” indicator that I like to look at is the civilian labor force participation rate.

In essence, it tells us what percentage of the working age population is actually engaged in the labor force.

Just before the last recession, the civilian labor force participation rate was sitting at about 66 percent, and that was pretty good.

But then the recession hit, and the civilian labor force participation rate fell below 63 percent, and it stayed between 62 percent and 63 percent for an extended period of time.

So where are we today?

At this moment, we are sitting at just 63.0 percent.

Does that look like a recovery to you?

Of course not.

If you would like to claim that we have had a very marginal “employment recovery” since the last recession, that is a legitimate argument to make. But anything beyond that is simply not being honest.

And now the U.S. economy is rapidly slowing down again, and most Americans are completely and totally unprepared for what is ahead.

The good news is that employment levels have been fairly stable in recent years, but the bad news is that unemployment claims are starting to shoot up again.

A number of the experts that I am hearing from expect job losses to escalate in the months ahead. Many of those that are currently living on the edge financially suddenly won’t be able to pay their mortgages or their bills.

Just like the last recession, we could potentially see millions of middle class Americans quickly lose everything once economic conditions start getting really bad.

The economy is not going to get any better than it is right now. As you look forward to the second half of 2019, I would make plans for rough sailing ahead.

Get Prepared NowAbout the author: Michael Snyder is a nationally-syndicated writer, media personality and political activist. He is the author of four books including Get Prepared Now, The Beginning Of The End and Living A Life That Really Matters. His articles are originally published on The Economic Collapse Blog, End Of The American Dream and The Most Important News. From there, his articles are republished on dozens of other prominent websites. If you would like to republish his articles, please feel free to do so. The more people that see this information the better, and we need to wake more people up while there is still time.

As Yellowstone Awakens, Dr. Michio Kaku Warns That It Could “Literally Tear The Guts Out Of The United States Of America”

One day it will happen. Scientists assure us that one day the absolutely massive Yellowstone supervolcano will once again experience a Category 8 eruption, and if it happened today it would “literally tear the guts out of the United States of America”. That is why what has been happening at Yellowstone in recent months is so alarming. We know that the ground has been rising and that “a 465-mile-long piece of molten rock” is moving upwards directly under Yellowstone. And we also know that the major geysers at Yellowstone were more active last year than in any other year in any of our lifetimes. Are these signs that an eruption is coming? We better hope not, because as Dr. Michio Kaku recently told Fox News, there is “a sleeping Godzilla underneath Yellowstone”

Dr Kaku told Fox News: “Forget the image of Yogi Bear representing Yellowstone.

We’re talking about a sleeping Godzilla underneath Yellowstone, that if it erupts in a maximum eruption called Category 8, it can literally tear the guts out of the United States of America.

Instead of having 50 states of the Union, we would have 30 states of the Union.

We live at a time when seismic activity has been increasing all over the world, and Yellowstone has also been exhibiting very unusual behavior.

However, Dr. Kaku says that we shouldn’t worry too much, because he believes that we will get warnings about a Yellowstone eruption in advance

“Unlike a meteor from outer space, where you get no warning whatsoever, we get warnings.

“If you see movies like Pompeii, you know that there are days, in fact, weeks of eruptions building up, rumbling inside, underneath the pocket of lava.

“So there would be enough time, several weeks, to begin evacuation if and when such an unlikely event were to take place.”

But what if we have been ignoring the warnings that we have already been getting?

For example, Steamboat geyser erupted more times in 2018 than in any other year in history. The following comes from National Geographic

The Yellowstone Volcano Observatory reports that Steamboat has now set a record by erupting a whopping 32 times in 2018, a personal best for the geyser for a single calendar year. Previously, this geyser made it as high as 29 paroxysms back in 1964.

Other nearby geysers have also been behaving fairly interestingly of late. Ear Spring Geyser, for example, has been pretty quiet since 1957, but it erupted spectacularly a few months back—and sprayed human garbage from the 1930s everywhere.

Prior to last year, there had not been an eruption of the Steamboat geyser for three and a half years.

In addition, the ground under Yellowstone has been steadily rising for the last few years, and the area was hit by 121 earthquakes in the month of December alone

“In the area of Norris Geyser Basin, GPS data indicate a minor amount of uplift over the past few months, with a total uplift of about 2cm during 2018, also continuing the trend that has been ongoing since 2015.”

In the same Yellowstone update, the USGS revealed a total of 121 earthquakes were recorded in the Yellowstone area in December 2018 alone.

It is indeed possible that when Yellowstone finally erupts that we will get more of a warning than this.

But it is also possible that we will not.

When Yellowstone blows, life as you have known it will instantly be over. If you are not in the immediate kill zone, you will have an opportunity to try to survive, but it won’t be easy. One survivalist expert suggests that everyone should “head east as fast as you can”

He added: “Zone one, which is a radius of 100 miles, could see 70,000 people die instantly.

“Zone two, which starts after 100 miles, would be covered in 10ft of volcanic ash at 450C.

“After the second zone, your chances of surviving increase, but still head east as fast as you can.

“Beyond zone six is where you would be the safest in the US for the short term, but the wind will greatly determine where ash falls.”

Personally, I don’t know if that is the best approach. The roads will be absolutely clogged, and there is no way that you are going to outrun the volcanic ash. If you get completely buried in volcanic ash in your vehicle, it will all be over.

Of course the truth is that if Yellowstone experiences a Category 8 eruption most Americans will eventually die no matter what they do. The following is an extended excerpt from one of my previous articles

Hundreds of cubic miles of ash, rock and lava would be blasted into the atmosphere, and this would likely plunge much of the northern hemisphere into several days of complete darkness. Virtually everything within 100 miles of Yellowstone would be immediately killed, but a much more cruel fate would befall those that live in major cities outside of the immediate blast zone such as Salt Lake City and Denver.

Hot volcanic ash, rock and dust would rain down on those cities literally for weeks. In the end, it would be extremely difficult for anyone living in those communities to survive. In fact, it has been estimated that 90 percent of all people living within 600 miles of Yellowstone would be killed.

Experts project that such an eruption would dump a layer of volcanic ash that is at least 10 feet deep up to 1,000 miles away, and approximately two-thirds of the United States would suddenly become uninhabitable. The volcanic ash would severely contaminate most of our water supplies, and growing food in the middle of the country would become next to impossible.

In other words, it would be the end of our country as we know it today.

The rest of the planet, and this would especially be true for the northern hemisphere, would experience what is known as a “nuclear winter”. An extreme period of “global cooling” would take place, and temperatures around the world would fall by up to 20 degrees. Crops would fail all over the planet, and severe famine would sweep the globe.

In the end, billions could die.

Let us hope and pray that nothing like this happens any time soon. Those of you that regularly follow my work already know that I am far more concerned about an eruption of Mt. Rainier, and we should also keep a very, very close eye on Mt. Fuji in Japan.

As our planet becomes increasingly unstable, there will be unprecedented natural disasters in the years ahead, and multitudes of people will die in those disasters.

Unfortunately, most of the “experts” continue to assure the public that everything is going to be “just fine”, but meanwhile the shaking of our planet just continues to get even worse with each passing year.

Get Prepared NowAbout the author: Michael Snyder is a nationally-syndicated writer, media personality and political activist. He is the author of four books including Get Prepared Now, The Beginning Of The End and Living A Life That Really Matters. His articles are originally published on The Economic Collapse Blog, End Of The American Dream and The Most Important News. From there, his articles are republished on dozens of other prominent websites. If you would like to republish his articles, please feel free to do so. The more people that see this information the better, and we need to wake more people up while there is still time.

Magma Under The Yellowstone Supervolcano Is “Rising”, And Scientists Warn That An Eruption Would Devastate The Entire Planet

Could it be possible that a full-blown eruption of the Yellowstone supervolcano is not too far away? All over the world seismic activity has been increasing in recent years, and this process seems to have accelerated during the early days of 2019. In particular, quite a few once dormant volcanoes are springing to life again, and this has many concerned about what could potentially happen at Yellowstone. Of course Yellowstone has never been “dormant”, but there have been new signs of life over the past six months. Entirely new geysers have sprung out of the ground, Steamboat Geyser has been the most active that it has been in decades, and some geysers have even been shooting “debris and rocks” into the sky. And now we are being told that “a 465-mile-long piece of molten rock” is “rising” directly under Yellowstone

SCIENTISTS are closely monitoring a 465-mile-long piece of molten rock rising below the Yellowstone caldera, a bombshell documentary has revealed.

The supervolcano, located in Yellowstone National Park, has erupted three times in history – 2.1 million years ago, 1.2 million years ago and 640,000 years ago. Volcanoes typically blow when molten rock, known as magma, rises to the surface following the Earth’s mantle melting due to tectonic plates shifting. However, geologists have revealed how Yellowstone’s magma chamber, which sits on top of the magma plume, is slowly rising each year.

Hopefully nothing major will happen at Yellowstone for a very long time.

But experts assure us that another full-blown eruption will take place one day, and when it does, it could potentially create a global “volcanic winter” which would make growing crops almost impossible and ultimately cause horrific global famines. The following quote comes from Dr. Christopher Kilburn

“As a result of which, the amount of sunlight reaching the surface of the earth drops and, as a consequence of that, it will trigger what is called a volcanic winter in that the temperatures never get a chance to recover.

“So you go through winter, the ash veil prevents the sun from warming up the earth seasonally so you just get continued winters which might trigger, ultimately, extensive ice coverage.”

If Yellowstone were to erupt today, none of our lives would ever be the same again from that moment on.

We are talking about a disaster that is on a scale that most of us couldn’t even imagine, and it would instantly render most of the country completely uninhabitable. The following is an extended excerpt from one of my previous articles about Yellowstone

I would like to try to describe for you what a full-blown eruption of the Yellowstone supervolcano would mean for this country.

Hundreds of cubic miles of ash, rock and lava would be blasted into the atmosphere, and this would likely plunge much of the northern hemisphere into several days of complete darkness. Virtually everything within 100 miles of Yellowstone would be immediately killed, but a much more cruel fate would befall those that live in major cities outside of the immediate blast zone such as Salt Lake City and Denver.

Hot volcanic ash, rock and dust would rain down on those cities literally for weeks. In the end, it would be extremely difficult for anyone living in those communities to survive. In fact, it has been estimated that 90 percent of all people living within 600 miles of Yellowstone would be killed.

Experts project that such an eruption would dump a layer of volcanic ash that is at least 10 feet deep up to 1,000 miles away, and approximately two-thirds of the United States would suddenly become uninhabitable. The volcanic ash would severely contaminate most of our water supplies, and growing food in the middle of the country would become next to impossible.

In other words, it would be the end of our country as we know it today.

The rest of the planet, and this would especially be true for the northern hemisphere, would experience what is known as a “nuclear winter”. An extreme period of “global cooling” would take place, and temperatures around the world would fall by up to 20 degrees. Crops would fail all over the planet, and severe famine would sweep the globe.

In the end, billions could die.

Scientists are constantly monitoring Yellowstone for potential signs of an eruption, but the truth is that a major disaster of this magnitude would probably come with little or no warning.

It is undeniable that in recent months there have been signs of increased activity at Yellowstone. That doesn’t mean that an eruption is imminent, but without a doubt it should be a cause for concern.

And this is especially true considering all of the shaking that we are seeing elsewhere around the globe. Just within the past few days we have seen a magnitude 4.1 earthquake hit California and a magnitude 5.1 earthquake near Anchorage, Alaska. The latter one definitely shook a lot of people up

Residents took to earthquake monitoring site EMSC to share their experiences. One said: “Long and big. Significant anxiety spike!

Another added: “That was scary. Hard quake.”

We are not even to the middle of January, and there have already been more than 100 significant earthquakes in Alaska so far this year.

That is not normal.

Our planet appears to be going through some major changes, and many believe that all of this seismic activity is an indication that things are about to become quite apocalyptic. I am personally of the opinion that we are going to continue to see a rise in the number of earthquakes and that we are going to continue to see a rise in the number of volcanic eruptions.

As I have said before, the shell of our planet is cracked, and we are just floating on the pieces. Now those pieces appear to be getting increasingly unstable, and that is going to affect us in ways that most people cannot even imagine right now.

Get Prepared NowAbout the author: Michael Snyder is a nationally-syndicated writer, media personality and political activist. He is the author of four books including Get Prepared Now, The Beginning Of The End and Living A Life That Really Matters. His articles are originally published on The Economic Collapse Blog, End Of The American Dream and The Most Important News. From there, his articles are republished on dozens of other prominent websites. If you would like to republish his articles, please feel free to do so. The more people that see this information the better, and we need to wake more people up while there is still time.

The One Election Scenario That Would Be A “Disaster” For The Financial Markets

On Tuesday night all of the speculation about the midterm elections will mercifully be over, and there is one potential outcome that is being called a “disaster” for the financial markets. Over the past couple of years, stock prices have soared to unprecedented levels, and Wall Street has seemed to greatly appreciate the pro-business environment that President Trump has attempted to cultivate. Regulations have been rolled back, corporate taxes have been reduced significantly, and many corporate executives no longer fear that the federal government is out to get them. But after Tuesday, everything could be different.

The most likely outcome appears to be that the Democrats will take control of the House of Representatives and the Republicans will remain in control of the Senate. For what it is worth, Nate Silver is currently projecting that the Democrats have an 88 percent chance of winning the House and only a 19 percent chance of winning the Senate.

But of course he was also projecting a huge landslide victory for Hillary Clinton in 2016.

In any event, a divided Congress would create gridlock in Washington, and according to Wedbush Securities managing director Steve Massocca that would produce “some negative fallout” for the financial markets…

Steve Massocca, Wedbush Securities managing director said there could be some negative fallout from a split Congress, since Democrats would hold committee chairmen seats in the House. “To what extent are they able to disrupt the Trump agenda will weigh on peoples’ minds,” he said.

“Donald Trump, the agenda, is very good for the markets. Less regulation, lower taxes,” he said.

But in the end, such a scenario is not likely to move stock prices too substantially.

However, if the Democrats are able to take control of both houses of Congress on Tuesday, Massocca believes that would truly be a “disaster” for stock prices…

The least likely scenario—a Democratic sweep— is also seen as the most negative for stocks.

“Disaster,” said Massocca.

Normally by now we would have a really good idea of what is going to happen tomorrow, but at this point the polls are all over the place.

For example, the last generic poll conducted by CNN has Democrats up by 13 points, but the last generic poll conducted by Rasmussen has Republicans in the lead

One day before Americans head to cast their ballots in the crucial midterm congressional elections, two final polls conducted by CNN and Rasmussen have predicted wildly different results.

The final generic poll conducted by left-leaning CNN has put Democrats 13 points ahead of Republicans. Meanwhile, a separate poll carried out by the more right-leaning Rasmussen agency has suggested that Republicans are leading, but by a much smaller margin of one point.

For the record, Rasmussen was more accurate back in 2016, and in only about 24 hours we will find out who was more accurate this time around.

There are some that are entirely convinced that Republicans will be able to maintain control of both houses of Congress, and needless to say that would almost certainly cause a huge surge on Wall Street. In fact, one Nevada lawyer is so sure that Republicans will maintain control of the House of Representatives that he just flew to London and bet $130,000 of his own money on that outcome…

A big political gambler I met in Las Vegas in 2016 is in London betting that the Republican Party will keep control of the U.S. Congress. Robert Barnes is essentially wagering that U.S. pollsters haven’t fixed any of the problems that led them astray during the 2016 presidential campaign.

Barnes, a trial lawyer, lives in Las Vegas, frequenting the city’s sportsbooks, but he has to travel to the British Isles to wager on U.S. politics since it’s not allowed in the U.S. On this side of the Atlantic, the bookies know him as a high roller; the political betting team at Ladbrokes even tweeted his photo to mark his arrival and his 100,000 pound ($130,000) bet on the Republicans’ House majority. Given that the entire U.S. primaries betting market is in the single millions in the U.K. and Ireland, that’s quite momentous.

$130,000 is an enormous amount of money, and so I hope that he knows what he is doing.

On the other side, Nancy Pelosi is so confident about the outcome that she has already declared victory on national television.

But of course many other leading Democrats are extremely nervous right now. They remember the election night debacle of 2016, and they are concerned that something like that might happen again.

Democratic pollster John Anzalone is describing what they are going through as “the bed-wetting phase”

Haunted by memories of 2016, liberals around the country are riven with anxiety in the campaign’s homestretch. They’re suspicious of favorable polls and making election night contingency plans in case their worst fears come true. Some report literal nightmares about a Democratic wipeout.

“We’re kind of just in the bed-wetting phase now,” said Democratic pollster John Anzalone, a Hillary Clinton campaign alumnus who spent election night 2016 in Clinton’s Manhattan war room.

If the Democrats are unable to take the House, that will probably mean that a late “red wave” has saved the day for the Republicans and it will also probably mean that they will likely increase their Senate majority by a little bit.

In that scenario, we will see a lot more than “bed-wetting” from the left. Their hopes have been pinned on these midterm elections for nearly two years, and a crushing loss could set off a national temper tantrum of frightening proportions.

About the author: Michael Snyder is a nationally syndicated writer, media personality and political activist. He is publisher of The Most Important News and the author of four books including The Beginning Of The End and Living A Life That Really Matters.

The Last Days Warrior Summit is the premier online event of 2018 for Christians, Conservatives and Patriots. It is a premium members-only international event that will empower and equip you with the knowledge and tools that you need as global events begin to escalate dramatically. The speaker list includes Michael Snyder, Mike Adams, Dave Daubenmire, Ray Gano, Dr. Daniel Daves, Gary Kah, Justus Knight, Doug Krieger, Lyn Leahz, Laura Maxwell and many more. Full summit access will begin on October 25th, and if you would like to register for this unprecedented event you can do so right here.

Stock Market Crash! The Dow Has Now Plunged 2,368 Points From The Peak Of The Market

The level of panic that we witnessed on Wall Street on Wednesday was breathtaking. After a promising start to the day, the Dow Jones Industrial Average started plunging, and at the close it was down another 608 points. Since peaking at 26,951.81 on October 3rd, the Dow has now fallen 2,368 points, and all of the gains for 2018 have been completely wiped out. But things are even worse when we look at the Nasdaq. The percentage decline for the Nasdaq almost doubled the Dow’s stunning plunge on Wednesday, and it has now officially entered correction territory. To say that it was a “bloodbath” for tech stocks on Wednesday would be a major understatement. Several big name tech stocks were in free fall mode as panic swept through the marketplace like wildfire. As I noted the other day, October 2018 looks a whole lot like October 2008, and many believe that the worst is yet to come.

But in the short-term we should see some sort of bounce once the current wave of panic selling is exhausted. During every major stock market crash in our history there have been days when the stock market has absolutely soared, and this crash will not be any exception.

If we do see a bounce on either Thursday or Friday, please don’t assume that the crash is over. Most key technical levels have already been breached, and even a small piece of bad news can send stocks plunging once again.

On Wednesday there really wasn’t anything too unusual that happened, but stocks cratered anyway. Here is a summary of the carnage…

-The Dow Jones Industrial Average plummeted 608 points on Wednesday.

-The Dow is now down 7.1 percent for the month of October.

-The S&P 500 has now fallen for 13 of the last 15 trading days.

-The S&P 500 is now down 8.9 percent for the month of October.

-A whopping 70 percent of all S&P 500 stocks are already in correction territory.

-A third of all S&P 500 stocks are already in bear market territory.

-It was the worst day for the Nasdaq since 2011.

-The Nasdaq is now down 11.7 percent for the month of October.

-At this point, the Nasdaq has officially entered correction territory.

-The Russell 2000 is now down about 15 percent from the peak as it hurtles toward bear market territory.

-Over in Germany, Deutsche Bank closed at yet another record low as it teeters on the brink of disaster.

-Global systemically important bank stocks have now fallen a total of 30 percent from the peak of the market.

Hopefully things will stabilize for a while, but many experts are warning that things could get much worse from here

The latest swoon, which knocked the S&P 500 down more than 3 percent Wednesday, signaled to many Wall Street pros that the decline was entering a new, more dangerous phase. There’s growing concern now that this decline is more than a garden variety pullback, or drop of 5 percent to 9.99 percent, and could morph into a drop of 10 percent of more for the broad market.

“With the big sell-off today, the market may have moved from pullback into correction territory,” says Nick Sargen, chief economist and senior investment advisor for Fort Washington Investment Advisors.

All it is going to take is one more really bad day for the Dow to push us officially into correction territory. And once we breach that 10 percent threshold, that could set off another round of panic selling.

On Wednesday, the one piece of bad news that kind of rattled investors was the fact that new home sales plunged dramatically in September…

This is a disastrous print:

August’s 629k SAAR was revised drastically lower to 585k and September printed 553k (SAAR) massively missing expectations of 625k (SAAR) – plunging to the weakest since Dec 2016…

That is a 13.2% collapse YoY – the biggest drop since May 2011

Without a doubt, a 13 percent year over year decline is catastrophic, and this is starting to remind many people of the housing crash that we witnessed back in 2008. Homebuilder stocks have been plummeting all month, and home prices are collapsing all over the nation.

In my previous article entitled “Why Are So Many People Talking About The Potential For A Stock Market Crash In October?”, I noted that this has been the month with the most market volatility ever since the Dow was first established. Absent some kind of major event, the stock market usually gets kind of sleepy around Thanksgiving and does not really spring to life again until after the new year has begun.

Of course it is entirely possible that this year could be different.

We have entered a time when global events appear to be accelerating significantly. Earlier today, bombs were mailed to major political leaders all over the United States. In the Middle East, it looks like Israel and Hamas could go to war at any moment. And we continue to see a rise in major seismic events – including three very large earthquakes that just hit the Cascadia Subduction Zone.

It truly does appear that the elements for a “perfect storm” are beginning to come together. We have been enjoying a period of relative stability for so long that many Americans have allowed themselves to become lulled into a state of complacency. That is a huge mistake, because all along we have been steamrolling toward disaster, and nothing has been done to alter our course.

Dark days are ahead my friends, and I strongly urge you to get ready.

About the author: Michael Snyder is a nationally syndicated writer, media personality and political activist. He is publisher of The Most Important News and the author of four books including The Beginning Of The End and Living A Life That Really Matters.

The Last Days Warrior Summit is the premier online event of 2018 for Christians, Conservatives and Patriots. It is a premium members-only international event that will empower and equip you with the knowledge and tools that you need as global events begin to escalate dramatically. The speaker list includes Michael Snyder, Mike Adams, Dave Daubenmire, Ray Gano, Dr. Daniel Daves, Gary Kah, Justus Knight, Doug Krieger, Lyn Leahz, Laura Maxwell and many more. Full summit access will begin on October 25th, and if you would like to register for this unprecedented event you can do so right here.

Teetering On The Brink Of Disaster: 14 Of 19 Bear Market Signals Have Now Been Triggered

October 2018 is turning out to be a lot like October 2008. The S&P 500 has now fallen for 12 of the last 14 trading days, and it is on pace for its worst October since the last financial crisis. But the U.S. is actually in much better shape than the rest of the world at this point. Even though they have fallen precipitously in recent days, U.S. stocks are still up 3 percent for the year overall. On the other hand, global stocks (excluding the U.S.) are now down more than 10 percent for the year, and they are down more than 15 percent from the peak of the market in January. All it is going to take is a couple more really bad trading sessions to push global stocks into bear market territory.

And even though U.S. stocks are still outperforming the rest of the world, many are anticipating that the U.S. is definitely heading for a bear market as well.

According to Bank of America, 14 out of their 19 “bear market indicators” have now been triggered

“Expect a long bout of volatility,” Bank of America strategists led by Savita Subramanian wrote in a report published on Sunday.

Bank of America keeps a running tally of “signposts” that signal looming bear market. The bad news is that 14 of these 19 indicators, or 74%, have been triggered. Two more were toppled earlier this month: the VIX volatility index (VIX) climbed above 20 and a growing number of Americans expect stocks to go up.

Of course not all 19 indicators need to be triggered in order for a bear market to happen. These indicators are simply signposts, and what they are telling us is that big trouble could be brewing for the financial markets.

And Tuesday was certainly another chaotic day for Wall Street. The Russell 2000 experienced another extremely disappointing day, and it is now officially red for the year

Small-cap stocks erased all of their gains for the year on Tuesday, and the Dow Jones Industrial Average at one point was not be too far behind.

The Russell 2000, composed of publicly traded companies with a market capitalization between $300 million and about $2 billion, shed 0.8 percent on Tuesday, putting it into the red for 2018, down 0.6 percent.

The number of stocks that are at 52-week lows far outnumbers those that are at 52-week highs, but a handful of big name stocks has been keeping the market from plummeting too dramatically.

In the short-term, we should expect some more wild swings up and down, but meanwhile we continue to receive more troubling news about the real economy.

For example, we recently learned that existing home sales were down once again last month

The metric of interest today is existing home sales. The reading came in at 5.15m units, which was well below the estimated 5.3m units and 4.1% below year ago levels. As the chart below shows, existing home sales have been falling all year long, and year-over-year growth rates have been mostly negative since September, 2017.

And auto sales are way down all over the country

A growing number of auto dealers around the country is seeing a noticeable drop in retail sales and customer traffic in showrooms, raising the possibility that a long-anticipated slowdown in auto sales has arrived.

“We are definitely seeing business pull back,” said Scott Adams, the owner of a Toyota dealership in Lee’s Summit, Missouri, just outside Kansas City. “September was off some, but this month our car sales are down 12 percent and our truck sales are down 23 percent.”

These things would not be happening if the economy was in good shape.

Every time the Federal Reserve goes through an interest rate hiking cycle it causes big problems for the economy, and this is something that President Trump alluded to during an interview with the Wall Street Journal

In an interview Tuesday with The Wall Street Journal, Mr. Trump acknowledged the independence the Fed has long enjoyed in setting economic policy, while also making clear he was intentionally sending a direct message to Mr. Powell that he wanted lower interest rates.

“Every time we do something great, he raises the interest rates,” Mr. Trump said, adding that Mr. Powell “almost looks like he’s happy raising interest rates.” The president declined to elaborate, and a spokeswoman for the Fed declined to comment.

No matter what President Trump does, disaster is inevitable if the Federal Reserve continues to raise rates. The Federal Reserve has far more control over the economy than Trump does, and that is why many of his supporters are hoping that Trump adopts Ron Paul’s “End the Fed” message for the 2020 presidential campaign.

Speaking of the Federal Reserve, former Fed chair Paul Volcker is saying that the U.S. is facing “a hell of a mess”

Former Federal Reserve Chairman Paul Volcker, who has reached legend status in the world of central banking, isn’t optimistic about current conditions.

When Volcker looks around now, he sees “a hell of a mess in every direction,” including a lack of basic respect for government institutions, a current Fed that seems to be following a completely arbitrary benchmark and a “swamp” in Washington run by plutocrats.

Without a doubt, it is most definitely true that we are facing “a hell of a mess”, but most Americans are entirely clueless about what is coming.

In the aftermath of the 2008 crisis, the economy stabilized and global central banks were able to inflate the biggest financial bubble in human history.

Once this bubble bursts, there won’t be a similar “recovery” this time around.

Along with the rest of the world, the U.S. is headed for an unprecedented period of chaos and pain. We should be thankful for each day of relative stability that we are still able to enjoy, because time is rapidly running out.

About the author: Michael Snyder is a nationally syndicated writer, media personality and political activist. He is publisher of The Most Important News and the author of four books including The Beginning Of The End and Living A Life That Really Matters.

The Last Days Warrior Summit is the premier online event of 2018 for Christians, Conservatives and Patriots. It is a premium members-only international event that will empower and equip you with the knowledge and tools that you need as global events begin to escalate dramatically. The speaker list includes Michael Snyder, Mike Adams, Dave Daubenmire, Ray Gano, Dr. Daniel Daves, Gary Kah, Justus Knight, Doug Krieger, Lyn Leahz, Laura Maxwell and many more. Full summit access will begin on October 25th, and if you would like to register for this unprecedented event you can do so right here.

Is Yellowstone Going To Erupt? New Geysers Are Erupting And “Debris And Rocks” Are Being Hurled Into The Sky…

I watch Yellowstone very closely, because an eruption of the Yellowstone supervolcano could end life as we know it in America in a single moment. A full-blown eruption of Yellowstone could potentially dump a suffocating layer of volcanic ash that is at least 10 feet deep on almost the entire country, and it would instantly render about two-thirds of this nation completely uninhabitable. So yes, when Yellowstone starts rumbling there is a reason to pay attention, and right now Yellowstone is starting to rumble in ways that are unprecedented. That doesn’t mean that an eruption is imminent, but without a doubt what is currently taking place is more than just a little bit alarming.

Let’s start with what happened on Saturday. An eruption of Ear Spring sent “plumes of water up to 30 feet in the air”, and it was being reported that “debris and rocks flew into the sky”

On Saturday, Ear Spring erupted plumes of water up to 30 feet in the air, endangering visitors as debris and rocks flew into the sky.

The last known eruption on that scale occurred in 1957, though several smaller eruptions were observed in 2004.

Ear Spring is one of the hottest pools in Yellowstone National Park and contains water above the boiling point up to 200 degrees.

If you are not familiar with this particular hot spring at Yellowstone, you can find the basics on Wikipedia right here. When a supervolcano that could ultimately kill billions of us starts flinging “debris and rocks” into the sky, that should have made front page headlines all over the planet, but it didn’t.

This was the very first time since 2004 that Ear Spring has erupted, and it was only the 4th eruption in the last 60 years.

But that wasn’t the end of the activity at Yellowstone.

On Monday, Steamboat Geyser erupted “for an hour and fifteen minutes”

Steamboat Geyser in Yellowstone National Park erupted on Monday for an hour and fifteen minutes. The spectacular stream of water and steam can reach heights of 300 feet, making it the tallest of any active geyser in the world. The most recent eruption was the geyser’s nineteenth in 2018, making this Steamboat’s most active calendar year since 1982, and exciting visitors and scientists alike.

Everybody at Yellowstone was extremely excited by this eruption, but there is no reason to celebrate.

From September 2014 to March 2018, Steamboat Geyser was completely dormant.

But now it has suddenly sprung to life and has erupted a total of 19 times since March 15th.

Is anyone else besides me alarmed by this?

Then on Tuesday, it was being reported that the ground was “rising and falling by six inches every 10 minutes” and “spouts of water shot from the ground” as a new geyser formed…

On Tuesday, spouts of water shot from the ground west of Pump Geyser and north of Sponge Geyser, also ejecting large amounts of hot steam.

The new feature, which is eight-foot diameter, continues to show increased signs of activity after geologists observed the ground rising and falling by six inches every 10 minutes.

Geologists have also observed new geysering and boiling at hot spring Doublet Pool and North Goggles Geyser, located in the Upper Geyser Basin.

Okay, so we have multiple new geysers forming, Steamboat Geyser has sprung to life after being dormant for three years, and Ear Spring is flinging debris and rocks into the air.

And the experts are telling us that there is no reason for concern?

I don’t think so.

Scientists assure us that Yellowstone will erupt again one day, and if it happens during our lifetimes, most of us living in the United States will end up dead.

You see, the truth is that a full-blown eruption of the Yellowstone supervolcano would not just devastate the Northwest. It would truly be a global catastrophe that could ultimately kill billions of people. The following is an extended excerpt from one of my previous articles

I would like to try to describe for you what a full-blown eruption of the Yellowstone supervolcano would mean for this country.

Hundreds of cubic miles of ash, rock and lava would be blasted into the atmosphere, and this would likely plunge much of the northern hemisphere into several days of complete darkness. Virtually everything within 100 miles of Yellowstone would be immediately killed, but a much more cruel fate would befall those that live in major cities outside of the immediate blast zone such as Salt Lake City and Denver.

Hot volcanic ash, rock and dust would rain down on those cities literally for weeks. In the end, it would be extremely difficult for anyone living in those communities to survive. In fact, it has been estimated that 90 percent of all people living within 600 miles of Yellowstone would be killed.

Experts project that such an eruption would dump a layer of volcanic ash that is at least 10 feet deep up to 1,000 miles away, and approximately two-thirds of the United States would suddenly become uninhabitable. The volcanic ash would severely contaminate most of our water supplies, and growing food in the middle of the country would become next to impossible.

In other words, it would be the end of our country as we know it today.

The rest of the planet, and this would especially be true for the northern hemisphere, would experience what is known as a “nuclear winter”. An extreme period of “global cooling” would take place, and temperatures around the world would fall by up to 20 degrees. Crops would fail all over the planet, and severe famine would sweep the globe.

In the end, billions could die.

Such a disaster would probably come with little or no warning, and the same is true with most other natural disasters. That is why it is so imperative for all of us to be prepared in advance.

Hopefully nothing like this will happen while any of us are alive, but without a doubt we are living at a time when our planet is becoming increasingly unstable. In one recent 30 day period, the number of global earthquakes was more than 50 percent above normal. Major changes appear to be happening to our planet, and that could mean that all of our lives are about to change in a major way.

About the author: Michael Snyder is a nationally syndicated writer, media personality and political activist. He is publisher of The Most Important News and the author of four books including The Beginning Of The End and Living A Life That Really Matters.

How A North Korean Electromagnetic Pulse Attack Could Kill Millions And Turn America Into A Post-Apocalyptic Wasteland

This is why North Korea’s test of an intercontinental ballistic missile is so important. North Korea had test fired a total of 22 missiles so far this year, but this latest one showed that nobody on the globe is out of their reach. In fact, General Mattis is now admitting that “North Korea can basically threaten everywhere in the world”, and that includes the entire continental United States. In addition to hitting individual cities with nukes, there is also the possibility that someday North Korea could try to take down the entire country with an EMP attack. If the North Koreans detonated a single nuclear warhead several hundred miles above the center of the country, it would destroy the power grid and fry electronics from coast to coast.

I would like you to think about what that would mean for a few moments. Suddenly there would be no power at home, at work or at school. Since nearly all of our vehicles rely on computerized systems, you wouldn’t be able to go anywhere and nobody would be able to get to you. And you wouldn’t be able to contact anyone because all phones would be dead. Basically, pretty much everything electronic would be dead. I am talking about computers, televisions, GPS devices, ATMs, heating and cooling systems, refrigerators, credit card readers, gas pumps, cash registers, hospital equipment, traffic lights, etc.

For the first couple of days life would continue somewhat normally, but then people would soon start to realize that the power isn’t coming back on and panic would begin to erupt.

The intercontinental ballistic missile that North Korea just launched traveled almost 1,000 kilometers and reached a maximum altitude of 4,500 kilometers. We have been told for decades that this would never be allowed to happen, but now it has happened

This is concerning for one big reason: according to General Mattis, the North Korean ICBM “went higher, frankly, than any previous” and “North Korea can basically threaten everywhere in the world.” This was confirmed by North Korea missile analyst, Shea Cotton, who cited Allthingsnuclear author David Wright, and who told the BBC that the initial estimates of the ICBM test mean that North Korea can now reach New York and Washington DC.

If we had been working hard to develop our anti-missile technology all these years, this wouldn’t be a problem.

But at this point we are way behind the Russians in this regard, and there is a very real possibility that a missile launched by the North Koreans could make it through the very limited anti-missile defenses that we do have.

Once upon a time, discussions about a North Korean EMP threat were mostly hypothetical, but now that has completely changed. North Korea has clearly demonstrated that they are able to deliver such an attack, and last September Kim Jong Un publicly admitted that North Korea intended to develop this capability

But most reporters missed a key threat that appeared at the bottom of Kim’s public statement, when he bragged that North Korea had harnessed “a multi-functional thermonuclear nuke with great destructive power which can be detonated at high altitudes for super-powerful EMP (electromagnetic pulse) attack according to strategic goals.”

So now we know. Launching an electromagnetic pulse attacks against its enemies is one of North Korea’s strategic goals. And for North Korea, the United States is the top enemy.

And like I said earlier, all it would take would be a single well placed nuclear detonation to fry electronics from coast to coast. The following comes from the Daily Mail

Theoretically, a sufficiently powerful bomb detonated at an altitude of 249 miles would wipe out all electronics in the US, save the southernmost top of Florida and the easternmost states – as well as affecting Canada and Mexico.

Without power, nothing would get distributed. That means that very rapidly there would be no food, no water and no medicine available in your community. An article posted by Fox News this week used the term “post-apocalyptic” to describe what we would be facing…

It all starts to sound very post-apocalyptic when you realize this means no lights or other electric-powered devices in homes and businesses, no water filtration, no regional food hubs, no transportation grid – none of the things we take for granted in modern civilization.

Like I stated earlier, things would be relatively fine for a few days, but then once everyone realizes that the power isn’t coming back on there would be chaos on a scale unlike anything we have ever seen before. The following comes from an article by Mac Slavo

The first 24 – 48 hours after such an occurrence will lead to confusion among the general population as traditional news acquisition sources like television, radio and cell phone networks will be non-functional.

Within a matter of days, once people realize the power might not be coming back on and grocery store shelves start emptying, the entire system will begin to delve into chaos.

Within 30 days a mass die off will have begun as food supplies dwindle, looters and gangs turn to violent extremes, medicine can’t be restocked and water pump stations fail.

So what kind of a “mass die off” would we be talking about?

Well, some of the top experts in the field believe that “up to 90 percent of all Americans” could end up dead if the power outage lasted long enough…

William Graham, chairman of the former EMP commission and its former chief of staff, Peter Vincent Pry, warned the hearing that such an attack could “shut down the US electric power grid for an indefinite period, leading to the death within a year of up to 90 percent of all Americans.

Others believe that the figure would be lower, but pretty much everyone agrees that the death toll would be in the millions.

This is one of our greatest strategic vulnerabilities, and our power grid could be hardened against an EMP attack for just a few billion dollars. This is something that I am pushing very hard for, but right now it is just not a priority for our leaders in Washington.

In fact, they have actually pulled funding from the commission that was looking into the EMP threat…

On Sept. 30, the Congressional Commission to Assess the Threat of Electromagnetic Pulse to the United States of America shut its doors after a failure to secure funding from Congress.

Sometimes I find it difficult to come up with the words to describe how incredibly foolish Congress is being.

An EMP attack is a greater threat than ever before, and yet Congress didn’t even want to come up with a little bit of funding for the commission that was working on a plan to protect us.

This is yet another example that shows that we need new leadership on Capitol Hill, because right now the people that we have “representing” us in Washington seem to be completely and utterly clueless about almost everything.

Michael Snyder is a Republican candidate for Congress in Idaho’s First Congressional District, and you can learn how you can get involved in the campaign on his official website. His new book entitled “Living A Life That Really Matters” is available in paperback and for the Kindle on Amazon.com.

There Have Been 296 Earthquakes In The Vicinity Of The Yellowstone Supervolcano Within The Last 7 Days

Is it possible that the Yellowstone supervolcano is gearing up for a major eruption?  If you follow my work on a regular basis, then you already know that I spend a lot of time documenting how the crust of our planet is becoming increasingly unstable.  Most of this shaking is taking place far away from the continental United States, and so most Americans are not too concerned about it.  But we should be concerned about it, because a major seismic event could change all of our lives in a single instant.  For instance, a full-blown eruption of the Yellowstone supervolcano would have the potential of being an E.L.E. (extinction level event).  That is why it is so alarming that there have been 296 earthquakes in the vicinity of the Yellowstone supervolcano within the last 7 days.  Scientists are trying to convince us that everything is going to be okay, but there are others that are not so sure.

The biggest earthquake in this swarm occurred last Thursday evening.  It was initially measured to be a magnitude 4.5 earthquake, but it was later downgraded to a 4.4.  It was the biggest quake in the region since a magnitude 4.8 earthquake struck close to Norris Geyser Basin in March 2014.  This magnitude 4.4 earthquake was so powerful that people felt it as far away as Bozeman

The main quake was centered about 5.8 miles underground.

The quake and aftershocks occurred just over 8 miles northeast from West Yellowstone, according to the U.S. Geological Service.

A witness reported that she felt the building she was in move.

Dozens of people reported that they felt it in and around West Yellowstone, Gardiner, Ennis, and Bozeman.

But by itself that one quake would only be of minor concern.  What is troubling many of the experts is that this earthquake has been accompanied by 295 smaller ones.

There is normally a rise in seismic activity before a volcano erupts, and according to theoretical physicist Michio Kaku, a long overdue eruption at Yellowstone could “rip the guts out of the USA”

Scientists currently believe that there’s a 10% chance that a “supervolcanic Category 7 eruption” could take place this century, as pointed out by theoretical physicist Michio Kaku who appeared on a segment for Fox News.

The grey haired physicist told Shepard Smith that the “danger” we are now facing with the caldera is that it’s long overdue for an eruption which Kaku said could “rip the guts out of the USA.”

Kaku said that a “pocket of lava” located under the park has turned out to be twice as big as scientists originally thought.

I would like to try to describe for you what a full-blown eruption of the Yellowstone supervolcano would mean for this country.

Hundreds of cubic miles of ash, rock and lava would be blasted into the atmosphere, and this would likely plunge much of the northern hemisphere into several days of complete darkness.  Virtually everything within 100 miles of Yellowstone would be immediately killed, but a much more cruel fate would befall those that live in major cities outside of the immediate blast zone such as Salt Lake City and Denver.

Hot volcanic ash, rock and dust would rain down on those cities literally for weeks.  In the end, it would be extremely difficult for anyone living in those communities to survive.  In fact, it has been estimated that 90 percent of all people living within 600 miles of Yellowstone would be killed.

Experts project that such an eruption would dump a layer of volcanic ash that is at least 10 feet deep up to 1,000 miles away, and approximately two-thirds of the United States would suddenly become uninhabitable.  The volcanic ash would severely contaminate most of our water supplies, and growing food in the middle of the country would become next to impossible.

In other words, it would be the end of our country as we know it today.

The rest of the planet, and this would especially be true for the northern hemisphere, would experience what is known as a “nuclear winter”.  An extreme period of “global cooling” would take place, and temperatures around the world would fall by up to 20 degrees.  Crops would fail all over the planet, and severe famine would sweep the globe.

In the end, billions could die.

So yes, this is a threat that we should take very seriously.

But today, most Americans think of Yellowstone as little more than a fun tourist attraction.  But the truth is that many tourists have discovered just how dangerous Yellowstone can be.  Some have been scalded by boiling water from geysers that can get as hot as 250 degrees Fahrenheit, and one man from North Carolina recently had to be flown to a burn center after he mistakenly fell into a hot spring

A North Carolina man was flown to the University of Utah Burn Center after falling into a hot spring at Yellowstone National Park late Tuesday night.

Gervais Dylan Gatete, 21, was with seven other people in the Lower Geyser Basin north of Old Faithful when he fell, according to a park news release.

The group attempted to transport Gatete, an employee with Xanterra Parks and Resorts, by car for medical treatment. Just before midnight, they flagged down a park ranger near Seven Mile Bridge on the West Entrance Road.

Since Yellowstone is still very active, scientists assure us that it will erupt again one day.

And when that happens, all of our lives will be completely turned upside down in a single moment.

West Coast Seismic Alert: 2 Alaskan Volcanoes Erupt As Earthquake Swarms At Mount St. Helens Raise Concerns

Mount St. Helens, Mount Rainier and Mount Hood are all major volcanoes that lie along the infamous “Ring of Fire” that runs down the west coast of the United States, and all of the seismic activity that has been taking place in the region has many concerned about what may happen next. Earlier this month, I wrote about how 45 earthquakes of magnitude 2.5 or greater hit Alaska in just one 24 hour period. This week, it is volcanic activity that is raising concerns. The earthquake swarms at Mount St. Helens are making headlines all over the globe, and on Tuesday two major volcanoes in Alaska suddenly erupted on the exact same day

An eruption at Bogoslof volcano – one of two to erupt in the Aleutian Islands Tuesday – is its first after more than two months of inactivity, causing ash to fall in a nearby community before drifting south over the Pacific Ocean.

The Alaska Volcano Observatory said Tuesday night’s eruption at the volcano about 60 miles west of Unalaska, which began just after 10:30 p.m. and lasted for 73 minutes, sent a plume to an altitude of 34,000 feet.

Overall, 39 volcanoes around the world are either erupting right now or have recently erupted according to Volcano Discovery.

Most of those active volcanoes are along the Ring of Fire.

Fortunately, the U.S. portion of the Ring of Fire has been less active than other areas in recent years. But experts assure us that will eventually change because seismic tension continues to build. One example of this is what is happening at Mount St. Helens right now. According to scientists, the famous volcano is currently going through what is known as a “magma recharge”

Since mid-April, small earthquakes have been cropping up deep beneath Mount St Helens at ‘relatively high rates,’ bringing roughly one tremor every few hours.

In the last 30 days, scientists have located 55 seismic events in the vicinity, and say there may be well over 100 earthquakes linked to the swarm so far.

The activity falls in line with magma recharge thought to be underway since 2008.

Someday it will erupt again, and the geologists that monitor these things are watching the latest developments very carefully

“Mount St. Helens is at normal background levels of activity,” Liz Westby, a geologist with the U.S. Geological Survey–Cascades Volcano Observatory, told ABC News. “But a bit out of the ordinary are several small magnitude earthquake swarms in March to May 2016, November 2016 and April 16 to May 5, 2017. During the April 16 to May 5, 2017, swarm, we detected well over 100 earthquakes, all below a magnitude 1.3.”

Personally, I am much more concerned about Mount Rainier than I am about Mount St. Helens. Since the last time it erupted in the late 19th century, hundreds of thousands of people have moved into the danger zone around the volcano, and a full-blown eruption now would eclipse any other natural disaster in recorded U.S. history.

Over the last 30 days, there has also been a good bit of seismic activity at Mount Rainier, and much of it has been centered right along the core of the volcano…

Mount Rainier is capable of unleashing a flow of super-heated mud that could literally cover much of the Seattle/Tacoma area. If you think that I am exaggerating, please see the following excerpt from Wikipedia

Mount Rainier is currently listed as a Decade Volcano, or one of the 16 volcanoes with the greatest likelihood of causing great loss of life and property if eruptive activity resumes.[45] If Mt. Rainier were to erupt as powerfully as Mount St. Helens did in its May 18, 1980 eruption, the effect would be cumulatively greater, because of the far more massive amounts of glacial ice locked on the volcano compared to Mount St. Helens,[37] the vastly more heavily populated areas surrounding Rainier, and the simple fact that Mt Rainier is a much bigger volcano, almost twice the size of St. Helens.[46] Lahars from Rainier pose the most risk to life and property,[47] as many communities lie atop older lahar deposits. According to the United States Geological Survey (USGS), about 150,000 people live on top of old lahar deposits of Rainier.[7] Not only is there much ice atop the volcano, the volcano is also slowly being weakened by hydrothermal activity. According to Geoff Clayton, a geologist with a Washington State Geology firm, RH2 Engineering, a repeat of the Osceola mudflow would destroy Enumclaw, Orting, Kent, Auburn, Puyallup, Sumner and all of Renton.[36] Such a mudflow might also reach down the Duwamish estuary and destroy parts of downtown Seattle, and cause tsunamis in Puget Sound and Lake Washington.[48] Rainier is also capable of producing pyroclastic flows and expelling lava.[48]

I keep warning about the dangers of a future eruption of Mount Rainier, and this is something that is so heavy on my heart that I even included an eruption of the volcano in my novel entitled The Beginning Of The End. If you live in the Seattle/Tacoma area, you need to have a plan for a very rapid evacuation in the event a major eruption suddenly takes place.

On the other side of the world, scientists are warning that a supervolcano near Naples, Italy is reaching a critical stage. The following comes from Newsweek

One of the world’s most dangerous supervolcanoes appears to be closer to erupting than we once thought, scientists have warned. Campi Flegrei in southern Italy has been showing signs of reawakening over the past 67 years, and new research indicates the volcano has been building energy throughout this period, increasing the risk that it will erupt.

Campi Flegrei is a huge volcanic field that sits about 9 miles to the west of Naples, a city home to over a million people. It is made up of 24 craters and edifices, and appears as a large depression on the surface of the land.

The volcano last erupted in 1538 after almost a century of pressure building up. But though it lasted over a week, this was a comparably small one—40,000 years ago, it produced a “super-colossal” eruption. This is the second highest measure on the volcanic explosivity index, the first being “mega-colossal,” like those seen at the Yellowstone supervolcano in the U.S. thousands of years ago.

For years I have been documenting how the crust of our planet is becoming increasingly unstable, and at some point a major seismic event is going to dramatically change life in America overnight.

Let us hope that day is delayed for as long as possible, but as certainly as you are reading this article it is coming.

(Originally published on The Economic Collapse Blog)

Alaska Hit By 45 Significant Earthquakes Within 24 Hours As The West Coast Wonders If ‘The Big One’ Is Imminent

Within the last 24 hours, 45 earthquakes of magnitude 2.5 or greater have struck Alaska, and 25 of them were of magnitude 4.0 or greater.  The worst one had a magnitude of 6.2, but none of the earthquakes did much damage because none of them hit heavily populated areas.  But the reason why all of this shaking is causing so much concern is because the “Ring of Fire” runs right along the southern Alaska coastline, and all of the earthquakes except for one were along the southern coast.

After running along the southern Alaska coastline, the Ring of Fire goes south along the west coast of Canada, the United States and Mexico.  What affects one part of a fault network will often trigger something along another portion of the same fault network, and so many living on the west coast are watching the shaking in Alaska with deep concern.

For a long time scientists have acknowledged that a major Cascadia subduction zone earthquake is way overdue, and when one finally strikes the devastation that we could see in the Pacific northwest is likely to be off the charts.  In fact, some scientists believe that the coming Cascadia subduction zone earthquake could potentially be as high as magnitude 9.0

That 9.0-magnitude quake could trigger a 500 mph wave and put 70,000 people in the “inundation zone” in serious risk. Depending on their location within that zone, Kathryn Schulz writes in her article, people will have between 10 and 30 minutes to evacuate.

If a giant earthquake along the Cascadia subduction zone ever did cause a tsunami of that size, the death and destruction would be unimaginable.  Just consider what physicist Michio Kaku told CBS News about such an event…

“In Japan, they practice this. Children know exactly what to do, and there’s an early warning system that we don’t have in Seattle that we do have in Japan,” Kaku said. “There are building codes that are not being enforced. Realize that many buildings are just going to be toppled when this gigantic earthquake, a 9.0, and a tsunami hits the Seattle, Tacoma and Portland area.”

According to the FEMA director responsible for Oregon, Washington, Idaho and Alaska, the operating assumption is that “everything west of Interstate 5 will be toast.”

Further south, scientists are expecting “the Big One” to hit California at literally any time.  The experts that have studied these things are warning that the 800-mile-long San Andreas fault “could unzip all at once”, and one recent study claims that a big enough earthquake “could plunge large parts of California into the sea almost instantly”

The Big One may be overdue to hit California, but scientists near LA have found a new risk for the area during a major earthquake.

They claim that if a major tremor hits the area, it could plunge large parts of California into the sea almost instantly.

The discovery was made after studying the Newport-Inglewood fault, which has long been believed to be one of Southern California’s danger zones.

Let us certainly hope that nothing like that happens any time soon.

But without a doubt the crust of our planet is becoming increasingly unstable, and we are living at a time when the number of earthquakes just continues to rise.

As I was writing this piece, I came across an article in a major British news source about a researcher that is warning that the gravitational pull caused by certain planets aligning will create ideal conditions for major seismic activity this week…

Frank Hoogerbeets has issued an online “major earthquake warning” amid fears a “big one” is on its way, claiming it could also cause a tsunami.

Mr Hoogerbeets, who is based in the Netherlands, uses a non-scientifically recognised way of predicting earthquakes based on planetary alignments with Earth.

He wrote on his website ditrianum.org: “On May 9 2017, three planetary alignments converge, one of which is Earth-Mercury-Uranus.

“It will be the third time this year that these three planets align; the previous two caused a 6.6 and a 6.9 magnitude earthquake respectively.

“The other alignments around the 9th are Mars-Venus-Saturn and Mars-Sun-Mercury.

“This convergence is also close to Full Moon (May 10).”

Of course we have already seen major seismic activity in Alaska, and we shall see if anything else happens over the next few days.

Another item that caught my attention was a CBS News report that talked about the fact that shark attacks are increasing along the west coast…

Shark attacks are on the rise along the California coast.

“Beach access to the water is closed today because we had a girl get bit by a shark,” said one park official.

Beachgoers were greeted by scary warning after 35-year-old Leeanne Ericson was attacked in knee-deep water north of San Diego last week.

Many believe that sharks become more aggressive when major seismic activity is imminent.

I don’t know if there is any truth to that, but considering everything else that is happening I found that to be quite interesting.

And I was also reminded of a prophecy that indicated that “shark attacks” would be a sign to watch for right before “the Big One” hits California…

I have seen in a vision about six years ago, the plates shifting under the coastline by California. God showed me it was going to massive. The entire coastline from Alaska down to Mexico was going to be destroyed, and a part of California that juts out to the West on the ocean will be completely swept away. God gave me a sign to look for before this happens: shark attacks. Sounds strange, I know, but sharks hunt by vibration, and they will actually be sending the plates shifting, and not their pray. This is what will cause shark attacks to occur in greater frequency.

Once again, let’s hope that nothing like this happens any time soon.

But we shouldn’t stick our heads in the sand either.

As I discuss in my book about the end times, Jesus told us that an increase in seismic activity would be a sign that His return was getting close.

Clearly that is happening, and I am entirely convinced that in the not too distant future we will start seeing natural disasters on a scale that we have never experienced before.

Apocalypse Soon: Scientific And Religious Leaders Both Agree That Cataclysmic Disasters And Mass Death Are In Humanity’s Future

Are we on the verge of the worst times in all of human history?  We live at a moment when prominent leaders in the scientific world and in the religious world are both urgently warning that humanity could soon be facing a nightmarish apocalyptic future.  Weather patterns are rapidly changing, the crust of our planet is becoming increasing unstable, “superbugs” that are resistant to antibiotics threaten to completely render our best medical treatments obsolete, the number of global terror attacks continues to rise year after year, and thanks to weapons of mass destruction humanity now has the capability of completely destroying itself several times over.  They often disagree about why it will happen, but an increasing number of scientific and religious leaders have come to the exact same conclusion that the future of humanity is very bleak.

Despite the fact that technology is increasing at an exponential rate, many top thinkers in the scientific community now believe that there is a very good chance that the human race will be facing extinction by the end of this century.  The following comes from an outstanding Salon article

The late microbiologist Frank Fenner, for example, whose virological work helped eliminate smallpox, predicted in 2010 that “humans will probably be extinct within 100 years, because of overpopulation, environmental destruction, and climate change.” Similarly, the Canadian biologist Neil Dawe reportedly “wouldn’t be surprised if the generation after him witness the extinction of humanity.” And the renowned ecologist Guy McPherson argues that humanity will follow the dodo into the evolutionary grave by 2026.

Those are some very sobering words.

Perhaps you have never heard of any of those guys before, but I know that virtually all of you have heard of Stephen Hawking.  According to Hawking, we have now reached “the most dangerous moment in the development of humanity”

“Now, more than at any time in our history, our species needs to work together. We face awesome environmental challenges: climate change, food production, overpopulation, the decimation of other species, epidemic disease, acidification of the oceans. Together, they are a reminder that we are at the most dangerous moment in the development of humanity. We now have the technology to destroy the planet on which we live, but have not yet developed the ability to escape it.”

The last 100 years have been unlike any other era in human history.  We have constructed towering cities all over the planet, we have developed remarkable technologies that have enabled us to make the impossible more than possible, and the population of this planet has shot up to a staggering 7 billion people.

But in order to feed our exploding population, we are going to need another miracle.  According to Megan Clark, the head of Australia’s national science agency, more food will need to be produced over the next 50 years than has been produced throughout the rest of human history combined

“It is hard for me to comprehend that in the next 50 years we will need to produce as much food as has been consumed over our entire human history,” she said.

“That means in the working life of my children, more grain than ever produced since the Egyptians, more fish than eaten to date, more milk than from all the cows that have ever been milked on every frosty morning humankind has ever known.”

These are the types of things that keep scientific thinkers up late at night.  At this moment, great famines are already hitting places such as Venezuela and Yemen, and this trend is only going to accelerate in the years ahead.

Hopefully mass death for the human race will be delayed for as long as possible, but one thing that is already happening is widespread species extinction among wild animals all over our planet.  The following comes from one of my previous articles

It has been called “the long extinction”.  Our planet is in the process of dying, and as you will see below, this process of death and destruction appears to be accelerating.  According to a report that was put out by the World Wildlife Fund and the Zoological Society of London, the number of wild animals around the globe appears to be decreasing at a rate of about 2 percent a year.  2 percent may not sound like a lot to you, but over 10 years that would mean that 20 percent of all wild animals in the world would be gone.  And according to that same report, it is being projected that the total loss of wildlife during the 50 year period from 1970 to 2020 will be a staggering 67 percent.

For religious leaders, the concerns are often more spiritual in nature.

Many Christians are convinced that the return of Jesus Christ is rapidly approaching, and meanwhile many Muslims are expecting a figure known as “the Mahdi” to come back soon.  Here is more from the Salon article that I quoted earlier…

Returning to religion, recent polls show that a huge portion of religious people believe that the end of the world is imminent. For example, a 2010 survey found that 41 percent of Christians in the U.S. believe that Jesus will either “definitely” or “probably” return by 2050. Similarly, 83 percent of Muslims in Afghanistan and 72 percent in Iraq claim that the Mahdi, Islam’s end-of-days messianic figure, will return within their lifetimes.

As I discussed in The Rapture Verdict, I certainly believe that anyone that is able to stay alive through the cataclysms that are coming will have the opportunity to witness the return of Jesus Christ.  So many ancient prophecies found in the Bible are being uniquely fulfilled in our generation, and it is truly an exciting time to be alive.

Unfortunately, many are not prepared for the great challenges that we will have to face before Jesus comes back.  The following prophecy was recently given by Jeff Byerly

There are a lot of men who are taking puzzle pieces and forcing them in places they do not go and it is making the picture unclear. The end of this season will bring clarity and you will understand exactly where you are when the fiery “kickoff” event happens. The financial collapse will soon follow. Then food will be hard to come by and many will starve but my remnant will feed even greater multitudes than I did, for I have gone to the Father. The whole world shall once again go to war and over one fourth of the inhabitants of the earth shall be killed by guns and bombs, by famine, disease and the beasts of the land. There will be many martyred during this time and I will avenge their deaths when the number of them has been fulfilled.

All this will happen before the day of the LORD. The great day Our indignation, vengeance, retribution and wrath shall be poured out upon the children of disobedience. No man shall hide from Us. We shall find all those deserving just punishment. There will be a global earthquake caused by an asteroid hitting the sea. There shall be tsunamis worldwide and every mountain shall be moved and every island will be out of place. The very atmosphere will be ripped open and recede like a rolled up scroll. The sun will be black and the moon will be blood, gross darkness shall cover the people and the whole earth for three days as in the time of Exodus, but My the houses of My people shall have light and people shall become light for they will be changed and My glory shall be shown on them. My children will be shown clearly to the world who they are!

Of course many other men and women of God have been warning about many of the exact same things, but most people are choosing not to listen.

Personally, I am entirely convinced that we are living during one of the most critical times in all of human history.  The years ahead will be incredibly difficult, but for those that are part of the Remnant they will also be incredibly thrilling.

Great shaking is about to begin.

For those that know who they are, who they belong to and where they are going, that is actually very good news.

Will You Turn Away Family, Friends And Neighbors At Your Door When America’s Day Of Disaster Arrives?

How will you handle all of the people that will show up at your door when a major crisis strikes because they haven’t been making any preparations of their own? Earlier today somebody asked me about this on Facebook, and I thought that it was a very good question, because thousands of my readers will be faced with this precise dilemma at some point. When America’s day of disaster arrives, it is inevitable that most of us that are prepping will have family, friends and neighbors showing up at our door asking for help. When that happens, what will you do?

There are some people out there that are very honest about the fact that they do not plan to share what they have stored up with anyone, and that even close family members will be greeted with a shotgun if they show up unannounced.

Personally, I could never do that. My wife and I have always had the philosophy that we need to work extra hard to prepare because there will be people that need to depend on us when times get really hard. And turning away those that are in desperate need would go against everything that we stand for. After all, I am even writing a book that is all about the true meaning of love, and so it would be quite hypocritical of me to turn away those that I care about when they need me the most.

And even if I wanted to be cold-hearted, my wife would never let me get away with it. She has such a soft heart that she literally can’t bear to even see a bug die. We often have spiders invade our place, and when she sees one she gently captures it and sets it free outside. I tell her that they will just breed and come back in even bigger numbers, but that doesn’t seem to matter to her. So needless to say we are going to have to find a non-violent way to deal with our spider problem.

But I certainly understand the frustrations of those that have been trying to warn family and friends about what is coming for years and they never seem to listen.

And it is true that resources are limited. For the vast majority of us, there is only so much money and energy that we can put into prepping, and so why should those that have refused to listen to the warnings and prepare in advance be able to benefit from all of our hard work?

Unfortunately, life is not always fair.  And we also need to realize that there is a tremendous amount of deception going on out there these days.  Some of the deceptions that are currently circulating are very strong, and it can be very easy to be sucked into them.  So we need to have compassion for those that have been led into confusion.

Look, there are literally thousands of watchmen all across this country that have never wavered from warning America about what is coming even for a moment. That is because they are standing on the truth and not on wishful thinking that is the product of overactive imaginations.

The ingredients for the “perfect storm” that so many watchmen have been warning about for ages are starting to come together right before our eyes. We are closer to World War III than we have been in decades, our politicians are openly admitting that our relations with Russia are at “an all-time low”, the federal government is 20 trillion dollars in debt, our nation is on the verge of being torn apart by strife and civil unrest, the financial markets are primed for a crash of epic proportions, there are mass die-offs of animals all over the globe, and natural disasters are happening with frightening regularity as the crust of our planet rattles and shakes.

But we are somehow supposed to believe that “everything is going to be wonderful” even though we continue to kill babies on an industrial scale, just about every form of sexual immorality that you can possibly imagine is exploding all around us, our “entertainment” industry is an open sewer, and we lead the world in both legal and illegal drug use.

I’ve got dozens more facts that I could quote regarding our moral decay, but I think that you get the point.

If we actually changed our behavior, I could understand why it would make sense for America to be blessed.

But we haven’t changed our behavior, and there are no signs that this is going to happen any time soon.

As humans, we have the freedom to choose, but those choices inevitably have consequences.

The same thing is true for our nation as a whole. We have made a whole bunch of exceedingly bad choices, and those choices are going to result in some incredibly painful consequences.

So you can do whatever you want, but my wife and I are going to continue to get prepared. America is headed for a date with disaster, and those that are suggesting otherwise are not being honest with you.

(Originally published on The Economic Collapse Blog)

What Is The Government Preparing For?

UN Vehicle - Jeff Stern

You may not be getting prepared for a major national disaster, but the government sure is. I have been informed that in recent months numerous emergency food companies have been contacted by the government, and they have been told that their inventories could potentially be seized in the event of a significant emergency. And as you will see below, the government recently participated in an exercise that simulated “an unprecedented global food crisis lasting as long as a decade”. In addition, NPR has just revealed details about the very secretive Strategic National Stockpile program that is storing billions of dollars worth of medical supplies in warehouses around the nation. This is a program that most Americans do not even know exists. On top of everything else, strange reports of military vehicles with UN markings have been coming in from all over the nation. So what in the world is the government up to? Why are they working so feverishly hard to get prepared?

Let’s begin our discussion with the Strategic National Stockpile. According to NPR, there are at least six of these warehouses at various locations around the country, and they are holding at least seven billion dollars worth of supplies…

Thousands of lives might someday depend on this stockpile, which holds all kinds of medical supplies that the officials would need in the wake of a terrorist attack with a chemical, biological or nuclear weapon.

The location of these warehouses is secret. How many there are is secret. (Although a former government official recently said at a public meeting that there are six.) And exactly what’s in them is secret.

“If everybody knows exactly what we have, then you know exactly what you can do to us that we can’t fix,” says Burel. “And we just don’t want that to happen.”

What he will reveal is how much the stockpile is worth: “We currently value the inventory at a little over $7 billion.

The NPR report indicates that most of the supplies are medical in nature, and this includes “millions of doses of vaccines“.

Could it be possible that the government is anticipating a major pandemic in our near future?

As I mentioned above, the government has also been preparing for a major food crisis. The following comes from Vice

The US national security industry is planning for the impact of an unprecedented global food crisis lasting as long as a decade, according to reports by a government contractor.

The studies published by CNA Corporation in December 2015, unreported until now, describe a detailed simulation of a protracted global food crisis from 2020 to 2030.

The simulation, titled ‘Food Chain Reaction’, was a desktop gaming exercise involving the participation of 65 officials from the US, Europe, Africa, India, Brazil, and key multilateral and intergovernmental institutions.

So could we actually see such a major food crisis during the years ahead?

Well, according to Reuters global demand for food has already been surging, and one new report indicates that it won’t be too long before we could see “a doubling of food prices”…

Swelling populations and demand for food combined with ever scarcer water and land resources could lead to a doubling of food prices and trigger civil unrest in some developing countries, a new report says.

Demand for food with a higher environmental impact, such as meat, has surged as emerging countries like China and India grow in size and in wealth, said Martin Halle, policy analyst at Global Footprint Network (GFN).

“A few things are very clear: the demand for food is going up tremendously because of population growth,” he told the Thomson Reuters Foundation.

Of course it is the job of the government to prepare for various apocalyptic scenarios. If government officials weren’t planning for how our nation would make it through a major disaster, they wouldn’t be doing their jobs.

But what are we to make of all of the strange sightings of UN vehicles all over America recently?

According to my friend Ray Gano, UN military vehicle activity has recently been reported “in Texas, Mississippi, Arizona, Florida and now in Virginia“.

In particular, a series of photos of white UN military vehicles traveling through Virginia that were posted on Facebook by Jeff Stern has popped up in news stories worldwide.

Is all of this activity unusual? If so, should we be alarmed by it? Brandon Turbeville apparently thinks so…

For the past day or so, military convoys have been witnessed traveling both North and South, with lines of equipment ranging from Humvees, troop transport trucks, and tankers to military personnel following the convoy in civilian vehicles. Interestingly enough, many of the soldiers traveling in the convoy were seen wearing helmets, an unusual procedure for a simple convoy. In addition, the convoys were carrying what appeared to be construction equipment.

Although the troop movement may indeed have been a routine convoy and the United Nations vehicles may also have been a routine shipment from a manufacturing facility or even a simple and benign transport, the controversy brewing in the United States elections and the potential for civil unrest, the dangers of economic collapse, and the potential conflict with Russia are all potentials for use of United Nations “peace keepers” inside the United States as many have posited in the past as well as for some type of “martial law” scenario.

The armored UN vehicles that were spotted being transported through Virginia are quite impressive. Here is some info on them from the Daily Mail

The VX weighs in at 16,600lbs.

Seating for two plus eight crew.

Windows do not roll down, instead there are locked gun ports on the vehicle that can be opened to shoot bullets out or accept documents in and are even big enough to pass through a can of soda.

In addition, these heavily armored vehicles are designed to withstand a gas attack and to be impervious to small arms fire…

Internal fans can keep bad air out, such as in the event of a gas attack, or bring fresh air in when reversed.

PA system to speak to the outside world.

Remote-controlled spotlights on the roof and pairs of red and blue strobe lights are mounted to each four sides of the vehicle.

Every window on the vehicle is filled with ballistic glass that’ll shed small arms fire like they’re pebbles and even resist a close-range shot from a high-powered rifle.

Each vehicle has nine gun ports, and so when they are fully manned they can lay down a very impressive field of fire.

At the end of the day, I don’t know what all of this means.

Everything that I just detailed could just be part of normal government activity that is simply receiving some unusual attention right now.

Or of course it could also be possible that the government is getting prepared for something really big, but even if they were, they would not tell us in advance anyway.

Personally, I am convinced that this period of time leading up to the election will be highly chaotic in America, and so my eyebrows definitely perked up when I came across these various news stories.

But ultimately the significance of all of this will be determined by what happens during the weeks and months to come. Without a doubt things have become much more serious in this nation lately, and I have a feeling that they are about to get a whole lot more serious…

(Originally published on The Economic Collapse Blog)

Worst Jobs Report In Nearly 6 Years – 102 Million Working Age Americans Do Not Have Jobs

You Are Fired - Public Domain

This is exactly what we have been expecting to happen. On Friday, the Bureau of Labor Statistics announced that the U.S. economy only added 38,000 jobs in May. This was way below the 158,000 jobs that analysts were projecting, and it is also way below what is needed just to keep up with population growth. In addition, the number of jobs created in April was revised down by 37,000 and the number of jobs created in March was revised down by 22,000. This was the worst jobs report in almost six years, and the consensus on Wall Street is that it was an unmitigated disaster.

The funny thing is that the Obama administration says that the unemployment rate actually went down last month. Almost every month since Obama has been in the White House, large numbers of Americans that have been unemployed for a very long time are shifted from the “unemployment” category to the “not in the labor force” category. This has resulted in a steadily falling “unemployment rate” even though the percentage of the population that is actually working has not changed very much at all since the depths of the last recession.

The Bureau of Labor Statistics claims that the number of Americans “not in the labor force” increased by 664,000 from April to May. If you believe that, I have a giant bridge on the west coast that I would like to sell you. The labor force participation rate is now down to 62.6, and it is hovering just above a 38 year low.

When you add the number of working age Americans that are “officially unemployed” (7.4 million) to the number of working age Americans that are considered to be “not in the labor force” (an all-time record high of 94.7 million), you get a grand total of 102.1 million working age Americans that do not have a job right now.

This is not a game.

So far in 2016, three members of my own extended family have lost their jobs.

According to Challenger, Gray & Christmas, layoffs at major firms are running 24 percent higher up to this point in 2016 than they were during the same time period in 2015.

It was only a matter of time before those layoffs started showing up in the official employment numbers, and I fully expect that this trend will accelerate in the months ahead.

And here are some other brand new numbers for you to consider…

-Since Barack Obama entered the White House, 14,179,000 Americans have “left the labor force” according to the Bureau of Labor Statistics.

-The quality of our jobs continues to deteriorate. In May, 59,000 full-time jobs were lost, but 118,000 part-time jobs were gained.

-Since September 2014, 207,000 mining jobs have been lost.

-We just learned that U.S. factory orders have declined once again. This marks the 18th month in a row that this has taken place, and we have never seen such an extended decline outside of a major recession.

-JPMorgan’s “recession indicators” have just soared to the highest level that we have seen since the last recession.

Needless to say, the financial community is pretty horrified by all of this news. They were expecting a much better jobs report, and many of them are not hiding their disappointment. Here is one example from the Wall Street Journal

This was an unqualified dud of a jobs report,” said Curt Long, chief economist at the National Association of Federal Credit Unions, noting “the unemployment rate fell, but for the wrong reason as labor force participation declined for the second consecutive month.”

And here is another example that comes from David Donabedian, the chief investment officer at Atlantic Trust Wealth Management…

We can’t find a positive nugget in today’s job report. If we were looking for signs of strength in this report, there is nothing to hang onto here.”

But of course the mainstream media is doing their best to put a positive spin on these numbers. For instance, CNN just published a laughable article entitled “America’s economy is stronger than weak jobs report“.

And the White House insists that this new employment report really isn’t that big of a deal

The White House doesn’t get “too disappointed” over the number of unemployed and underemployed Americans.

“I’ve been reacting to jobs numbers here at the White House for more than seven years, and what is true today has been true in the past, which is, we don’t get too excited when jobs numbers are better than expected and we don’t get too disappointed when jobs numbers one-month are lower than expected,” White House Press Secretary Josh Earnest told CNBC.

But of course the truth is that it is a really big deal. We just received major confirmation that the U.S. economy has slipped into recession mode.

For months, I have been writing about how virtually every other indicator has been screaming that a new economic crisis had already begun.

But the employment numbers had remained fairly decent up until now. Employment is typically considered to be a “lagging indicator”, which means that it isn’t one of the first places we would expect to see signs of a recession show up. However, it is inevitable that the official unemployment numbers will reflect an economic downturn eventually, and that is what we are starting to see now.

What this means is that you probably have even less time to get prepared for what is ahead than you may have originally thought.

The U.S. economy has already entered the early chapters of the next great economic crisis, and most of the population is going to be caught totally off guard and will suffer tremendously.

If our leaders had made better decisions since the last crisis, things could have turned out differently. But instead, they continued to conduct business as usual, and now we will reap what they have sown.

*About the author: Michael Snyder is the founder and publisher of The Economic Collapse Blog. Michael’s controversial new book about Bible prophecy entitled “The Rapture Verdict” is available in paperback and for the Kindle on Amazon.com.*

Barack Obama Warns Americans ‘To Be Prepared For A Disaster’

Barack Obama At FEMA - Public Domain

When Barack Obama speaks to the public, it is very rare that he does so without a specific purpose in mind. So why is he urging Americans “to be prepared for a disaster” all of a sudden? On May 31, Obama took time out of his extremely busy schedule to deliver an address at the FEMA National Response Coordination Center in Washington. During his speech, he stressed that every American is responsible for preparing for disasters, and that includes “having an evacuation plan” and “having a fully stocked disaster supply kit”. These are basic steps that I have been encouraging people to do for years, but if they won’t listen to me, perhaps they will listen to the man currently residing in the White House. The following excerpt from Obama’s speech comes directly from the official White House website

One of the things that we have learned over the course of the last seven and a half years is that government plays a vital role, but it is every citizen’s responsibility to be prepared for a disaster. And that means taking proactive steps, like having an evacuation plan, having a fully stocked disaster supply kit. If your local authorities ask you to evacuate, you have to do it. Don’t wait.

This speech was timed to coincide with the beginning of the hurricane season, although hurricanes have not posed much of a threat lately.

In fact, a major hurricane has not made landfall in the United States for 127 straight months.

But without a doubt, we all need to be preparing for disaster. Hurricanes can create a short-term emergency that can last for a few days, but there are other threats that could create a major emergency that could potentially last for an extended period of time. That list of potential threats includes a major volcanic eruption, a natural or engineered pandemic, a west coast earthquake, a New Madrid earthquake, a tsunami on either the east or west coasts, a meteor impact, Islamic terror, war, an EMP burst that takes down the power grid, cyberwarfare, economic collapse, and civil unrest resulting in the imposition of martial law.

Of course the items that I just mentioned are not mutually exclusive. In fact, in different scenarios we could actually see multiple events happen in rapid succession.

It is interesting to note that during his speech Barack Obama also noted that the American people seem to have become very complacent about getting prepared…

And what we’ve been seeing is some public complacency slipping in; a large portion of people not having preparedness kits, not having evacuation plans.

This is exactly what I have been noticing as well. There appears to be a tremendous amount of apathy out there, and relatively few people really seem to feel much urgency to get prepared these days.

My contacts in the emergency preparedness industry have been telling me that sales are way down right now. There was a big peak last fall, but since then it is like interest in prepping has just fallen off the map.

Ultimately, those companies are going to be okay because interest will pick back up shortly as global events begin to spiral completely out of control. However, of much greater concern is the fact that people have not been using this period of relative calm constructively.

Just like we have seen in Venezuela, time to prepare eventually runs out. And someday there will be millions of parents that are absolutely horrified when their children come to them crying out for food and they don’t have anything to give to them because they didn’t heed the warnings and they didn’t get prepared.

When that day arrives, many of those families may be forced to turn to whatever help the government is offering at the time.

One more thing that I found particularly noteworthy about Obama’s speech was that he said that there is now “a FEMA app” that can direct you to the nearest “FEMA shelter” in the event of a major emergency.

If you need information about how to put together an evacuation plan, how to put together a disaster preparedness kit, as Craig said, we’ve got an app for everything now. We have a FEMA app in English and in Spanish to help you prepare your family for a disaster. You can update the National Weather Service alerts. You can get safety tips for more than 20 kinds of hazards. It provides you directions to nearby shelters.

Could you envision yourself and your family having to take refuge in a “FEMA shelter” someday?

If not, you should do what you can to get prepared now. Over the next couple of days, my wife and I will be releasing a couple of new videos about preparation on our YouTube channel. I hope that many of you will check them out.

Unlike Venezuela, it looks like we may still have a little bit more time to prepare for what is ahead. Some people will relax and use this time to party, but those that are wise will work diligently and will do what they can to get ready for the exceedingly challenging times that are rapidly approaching.

Hopefully you are listening to the warnings and are heeding what the watchmen are saying.

If not, the consequences for what will happen to you and your family will ultimately be on your own hands.

*About the author: Michael Snyder is the founder and publisher of The Economic Collapse Blog. Michael’s controversial new book about Bible prophecy entitled “The Rapture Verdict” is available in paperback and for the Kindle on Amazon.com.*

Welcome To Hell: The Giant Fort McMurray Fire Is The Worst Blaze In Canadian History

Fort McMurray Fire - Photo by DarrenRD

The gigantic wildfire that has forced the evacuation of the entire city of Fort McMurray in northern Alberta has been nicknamed “the Beast“, and mainstream news reports are telling us that it is now approximately 25 percent larger than New York City. 88,000 people have already been forced out of their homes, at least 1,600 buildings have been destroyed, and smoke from the fire has been spotted as far away as Iowa. To say that this is a “disaster” is a massive understatement. Northern Alberta is “tinder dry” right now, and authorities say that high winds could result in the size of the fire doubling by the end of the weekend. One-fourth of Canada’s oil output has already been shut down, and the edge of the fire is now getting very close to the neighboring province of Saskatchewan. This is already the most expensive natural disaster in the history of Canada, and officials fully expect to be fighting this blaze for months to come.

At this point, only rain is going to stop this fire. Canadian authorities insist that they are not going to be able to defeat this raging inferno no matter how many resources they throw at it. The best that they can hope for is to try to steer it away from heavily populated areas until the rain comes.

Nobody knows precisely how this tragedy is going to end, but everyone agrees that it is going to last for quite some time. According to the Washington Post, this fire has the potential to keep on burning “for months”…

The images are ones of devastation — scorched homes, virtually whole neighborhoods burned to the ground. And Canadian officials say they expect to fight the massive wildfire that has destroyed large parts of Alberta’s oil sands town for months.

There’s fear the growing wildfire could double in size and reach a major oil sands mine and even the neighboring province of Saskatchewan.

I have relatives that live up in Alberta, and this is the biggest thing to hit that part of the world in many, many years.

This massive fire is making headlines all over the planet, and some of the video footage that is emerging is so shocking that it can be hard to believe. Some of the terms being used to describe the devastation are “hell”, “the end of the world” and “Armageddon”

“It was something like Armageddon,” said Morgan Elliott, who traveled with his fiancee, Cara Kennedy, and their baby, Abigail. “Everything was burnt, houses gone. Leaving the city, it was like a scene out of a movie. It reminded me of the TV show ‘The Walking Dead’ where you’re going on the highway, and there’s just abandoned vehicles everywhere; hundreds of cars, just abandoned vehicles.”

In this YouTube video, you can watch vehicles attempt to escape Fort McMurray as hot embers from towering flames just a few feet away rain down on them. What would you do in this kind of situation?…

The amount of resources that has been committed to fighting this fire has been unprecedented, and yet it just continues to rage wildly out of control. The following comes from CNN

The blaze is moving in a northeast direction and could reach the border with Saskatchewan by the end of Saturday, Alberta Premier Rachel Notley said.

The response has been massive. Notley said more than 500 firefighters are battling the blaze around Fort McMurray, with the help of 15 helicopters and 14 air tankers. More than 1,400 firefighters and 133 helicopters are fighting blazes across the province.

Unfortunately, a lot of Americans simply are not going to care what is happening up in Alberta because it is in Canada.

But let us not forget that 2015 was the worst year for wildfires in all of U.S. history. Last year more acres burned in the United States than we had ever seen before, and 2016 is already shaping up to be another very bad year.

In fact, according to the National Interagency Fire Center we are already more than a million acres ahead of the pace that was set last year.

I just checked the U.S. Drought Monitor, and much of the western third of the country is still extremely dry. Conditions are certainly ripe for another horrible wildfire season, and so let us pray for lots of rain between right now and the end of the summer.

Because all we have to do to see what a worst case scenario looks like is to watch what is going on in Fort McMurray right now.

To me, this is the closest thing that we have seen to “hell on Earth” in a very long time…

(Originally published on The Economic Collapse Blog)

If You Don’t Warn The People, Their Blood Could Be On Your Hands

Apocalyptic - Public Domain

Why are so few voices warning the people about what is coming? We stand at the door of a period of distress that will be unlike anything that any of us have ever known before. And even though the signs are all around us, very few individuals appear to be willing to stand up and sound the alarm. Instead, there seems to be a large number of people that are quite eager to criticize the watchmen. Earlier today, I was having a conversation with a very prominent voice in the alternative media, and we were reflecting on this. There are so many individuals out there that love to shoot arrows at those that are sounding the alarm, and yet they are doing so little to make a difference themselves.

It is easy to sit back on your sofa munching on potato chips as the world around you goes to hell, and it is easy to criticize those that have chosen to have the courage to stand up and warn the people.

But it is not easy to stand up and say the hard things that need to be said in a society that does not want to listen.

Yes, there are some watchmen out there that are doing a great job of proclaiming the warning message. I have personally met a number of them, and I am proud to be their friends.

Unfortunately, they are few and far between. Most people either don’t believe that we are on the precipice of disaster, they don’t care enough to warn others, or they are too busy criticizing those that are trying very hard to warn others.

And of course you don’t need a media platform to sound the alarm. We all have family members that need to be warned about what is coming. We all have friends that need to be warned about what is coming. Each one of us is uniquely positioned to reach others that may not be able to be reached any other way.

In the end, we all have a choice to make. If we sound the alarm and people choose not to listen, the responsibility for failing to act falls on them.

But if we know what is coming and we choose to do nothing to warn others, then we may end up being responsible for their blood. This is a principle that we even seen in the Scriptures. The following is what Ezekiel 33:1-6 says…

Again the word of the Lord came to me, saying: 2 Son of man, speak to the children of your people and say to them: If I bring a sword upon a land, and the people of the land take a man from among them and set him for their watchman, 3 and he sees the sword come upon the land and blows the trumpet and warns the people, 4 then whoever hears the sound of the trumpet and does not take warning, and a sword comes and takes him away, his blood shall be upon his own head. 5 He heard the sound of the trumpet yet did not take warning. His blood shall be upon himself. But he who takes warning delivers his soul. 6 But if the watchman sees the sword come and does not blow the trumpet and the people are not warned and a sword comes and takes a person from among them, he is taken away in his iniquity. But his blood I will require from the hand of the watchman.

Sadly, the few voices that are proclaiming the warning message in our society are being almost completely drowned out by everyone else.

Just look at our political leaders. None of them are warning the American people about what is really coming. Yes, they are warning that some bad things may happen if the wrong candidate gets elected, but all of them are promising that they can get this country completely turned around if they are elected.

Unfortunately, all of them are dead wrong. None of them are going to be able to keep America from experiencing the great storm that is directly ahead of us.

The mainstream media is even worse. According to the mainstream media, everything is great and things are only going to get even better in the years ahead. Of course the mainstream media is owned and controlled by the global elite, and just six giant media corporations produce more than 90 percent of the news and entertainment that we all consume.

Perhaps most disappointing of all are the religious leaders. You would think that if anyone should be “sounding the alarm” it would be them. But instead, ministers all over this country have become absolutely terrified of offending anyone. Church attendance has been declining for years, and most churches are desperate to do whatever they can to keep people coming back and putting money in the offering plate.

So many preachers know what is coming, and yet they have willingly chosen to be silent. They know that disaster is coming to America, and yet they have decided not to warn the people.

Yes, there are some good churches out there, but in general the church in America has failed. There is very little preaching about sin, repentance or the blood of Jesus anymore. Rather, most of what is coming from the pulpits these days are just feel good messages that sound like they were directly ripped off from the self-help gurus.

Sometimes I get frustrated because I wish that I could do a better job of warning the people. My articles are far from perfect, but I work very hard on them. And nobody can accuse me of not trying to sound the alarm. I have written more than a million words on The Economic Collapse Blog, and I have written more than a million words on End Of The American Dream. In addition, soon my wife and I will be doing a television show, and we will be posting the videos up on YouTube for free.

I am just an ordinary guy that is trying to warn the people as loudly as I can from my little spot on the wall. When I first started, my readership could have been measured with a microscope, but over time it has grown far beyond what I could have possibly ever imagined.

People know that they aren’t getting the truth from the “leaders” of our society, and so they are seeking out alternative sources of information. Thankfully, the Internet has allowed ordinary people like myself and others to get the warning message out.

And of course the warning message is only part of my mission. I also carry a message of hope, and that is going to be greatly needed in the days ahead.

As things completely fall apart during the years to come, millions are going to give in to depression and despair. Those people are going to need to know that there is hope even in the midst of all the chaos and all the darkness. My wife and I seek to live in a constant state of “shalom” (the Hebrew word for peace), and we believe that the greatest chapters of our lives are still ahead of us. Yes, we are heading for times that are going to be more challenging than most people would ever dare to imagine, but there is no other time in human history that we would have rather been alive for. We boldly look forward to the future, and we plan to bring light to a world that will be drowning in darkness.

This optimistic view of the future is going to be a central theme of my new book which should be coming out later this month. The things that I am going to share about Bible prophecy, the book of Revelation and the challenging years ahead of us are going to really shake up a lot of people out there, and it will likely be one of the most controversial Christian books of 2016.

But once again, someone needs to stand up and say the hard things that need to be said.

I am sure that I will get some criticism for this article, but that is okay. I just hope that I can inspire a few others to come up on the wall and help warn America (and the world) about what is rapidly approaching.

It doesn’t matter if your voice is big or small.

What matters is whether or not you are faithful with what you have been given.

Let us sound the alarm while we still can, because time is quickly running out.

(Originally published on The Economic Collapse Blog)

Historic Floods Cripple Missouri As Disaster After Disaster Continues To Hit America

Rain - Public Domain

Why does this keep happening to America? Since the month of September, the United States has been absolutely pummeled by a devastating series of disasters, and this most recent one may be the worst of all. Right now, communities all along the Mississippi, Missouri and Arkansas rivers are dealing with “historic” flooding. In Missouri, it is being said that nobody “that is living has ever seen anything like this“, and it is being projected that rivers could reach levels not seen since “the Great Flood” of 1993. Portions of Interstate 44 have been totally shut down, and thousands of people have either already been evacuated from their homes or are preparing to evacuate. It would be difficult to overstate the utter devastation that we are witnessing. Personally, I have some very good friends in southern Missouri, and I will definitely be keeping them in my prayers.

The governor of Missouri, Jay Nixon, is warning people to be very careful. Thirteen people have already been killed by the flooding, and Nixon says that the waters are going “places they’ve never been before”

Thirteen people in Missouri have died in floods caused by severe storms over the weekend, and although the rain has moved on, swollen rivers are still rising and won’t crest for days, Gov. Jay Nixon said.

It’s very clear that Missouri is in the midst of a very historic and dangerous flooding event,” Nixon told reporters Tuesday. “The amount of rain we’ve received, in some places in excess of a foot, has caused river levels to not only rise rapidly, but to go to places they’ve never been before.”

A state of emergency was declared in Missouri on Monday, and yesterday Governor Nixon activated the National Guard. But the river is still rising, and the worst is yet to come.

At this point, some communities have already been totally wiped out. This includes the little town of Rockaway Beach, which is not too far away from Branson. The following comes from USA Today

In Missouri, some areas have already been hit hard by the first wave of rising water. Rockaway Beach, located near Branson in southwest Missouri, was swamped by waters from the swollen White River.

The tourist town of 800 “has just been demolished,” Mayor Don Smith told KYTV. “It’s devastating, and we are all so exhausted.”

It is being reported that the Mississippi River is now a mile wide is some places, and there are debris piles that are up to two stories tall. Authorities are projecting that the flooding along some areas of the river will match or break all-time records that were set back in 1993

In some parts of the Missouri, rivers are expected to crest as high as they did during devastating flooding in 1993, which is known as the “great flood,” Nixon said.

The National Weather Service predicted that the Mississippi River at Chester, Illinois, would crest at 49.7 feet Friday, matching the 1993 record, the governor’s office said. The Mississippi at Thebes was expected to crest Saturday at a record-breaking 47.5 feet.

The Mississippi River is expected to reach nearly 15 feet above flood stage on Thursday at St. Louis, which would be the second-worst flood on record, behind only the devastating 1993 flood.

What is happening in the center of the country right now is just the continuation of a trend that has been building for months. Just check out this list of flooding events that we have seen in the U.S. since the end of the summer

-Moisture from Hurricane Joaquin caused the worst flooding in the history of the state of South Carolina.

-Flash flooding caused “rivers of mud” to cover highways in southern California.

-The remnants of Hurricane Patricia caused tremendous flooding in many parts of Texas.

-One of the strongest El Ninos ever recorded has sent an endless stream of storms barreling into coastal areas of Oregon and Washington. This has caused horrible flooding in some areas.

Meanwhile, we continue to witness a rise in earthquake activity as well.

Oklahoma, which had already shattered an all-time state record for earthquakes in 2015, was hit by a 4.3 magnitude earthquake yesterday.

And just within the last 24 hours, a 4.4 magnitude earthquake hit near San Bernardino, California, and a 4.8 magnitude earthquake shook northwestern Washington and Vancouver Island.

Also, let’s not forget all of the wildfires that have been happening. On Christmas Day, a massive 1,200 acre blaze erupted near Ventura, California, and that topped off a year during which wildfires burned more acres in America than ever before.

Of course I could also mention the extremely rare EF-4 tornado that ripped through Garland, Texas just a few days ago and the ongoing multi-year drought that is still plaguing most of the state of California.

On top of everything else, a huge solar storm is going to hit our planet on New Year’s Eve. Fortunately, authorities do not expect that it will do that much damage.

Nobody can deny that our weather is getting really, really crazy.

So precisely why is this happening?

There is certainly a lot of debate about this. It is almost as if someone flipped a switch in September and turned on a disaster machine, because since that time there has been an endless parade of major events.

Do you have a theory that can explain what we are witnessing?

If so, please feel free to share it with the rest of us by posting a comment below…

(Originally published on The Economic Collapse Blog)

Former Reagan Administration Official Warns That Financial Disaster Is Dead Ahead

Disaster - Public Domain

Why won’t the American people listen to the warnings? David Stockman was a member of the U.S. House of Representatives from 1977 to 1981, and he served as the Director of the Office of Management and Budget under President Ronald Reagan from 1981 to 1985. These days, he is running a website called “Contra Corner” which I highly recommend that you check out. Stockman believes that a global “debt super-cycle” that has been building for decades is now bursting, and he is convinced that the consequences for the U.S. and for the rest of the planet will be absolutely catastrophic. His findings are very consistent with what I have been writing about on The Economic Collapse Blog, and if Stockman is correct the times ahead of us are going to be exceedingly painful.

But right now, most people don’t seem to be in the mood to listen to these types of warnings. Even though there is a mountain of evidence that the global economy has already plunged into recession, U.S. stocks had a great month in October, and so most Americans seem to think that the crisis has passed.

Of course the truth is that the stock market is not an accurate barometer of the economy and it never has been. Back in 2008, almost everything else started to go downhill before stocks did, and the same thing is happening once again. In a recent article, Stockman explained that stocks are surging to absolutely ridiculous levels even though corporate earnings are actually way down

At this point, 75% of S&P 500 companies have reported Q3 results, and earnings are coming in at $93.80 per share on an LTM basis. That happens to be 7.4% below the peak $106 per share reported last September, and means that the market today is valuing these shrinking profits at a spritely 22.49X PE ratio.

And, yes, there is a reason for two-digit precision. It seems that in the 4th quarter of 2007 LTM earnings came in at 22.19X the S&P 500 index price. We know what happened next!

Why do so many refuse to see the parallels?

This crisis is unfolding so similarly to 2008, and yet most of the “experts” are willingly blind.

Much of the stock buying that has been happening in 2015 has been fueled by stock buybacks and by M&A (merger and acquisitions). Many firms have even been going into debt to buy back their own stocks, but now sources of financing are starting to dry up. This year we have already seen the most corporate debt downgrades since 2009, and big financial institutions are now becoming much more hesitant to loan giant stacks of cash to these large corporations at super low interest rates.

So it is very, very difficult to see how the equity markets are going to move much higher than they are right now.

Meanwhile, the global economy is starting to unravel right in front of our eyes. In his recent piece, Stockman discussed some of these data points…

In the last two days we posted the latest data on two crucial markers of global economic direction——-export shipments from Korea and export orders coming into the high performance machinery factories of Germany.

In a word, they were abysmal, and smoking gun evidence that the suzerains of Beijing have not stopped the implosion in China, and that their latest paddy wagon forays—–arresting the head of China’s third largest bank and hand-cuffing several hedge fund managers including the purported “Warren Buffett” of China—-are signs not of stabilization, but sheer desperation.

So it is not surprising that Korea’s October exports—–the first such data from anywhere in the world—were down by a whopping 16% from last year, and have now been down for 10 straight months. Needless to say, China is the number one destination for Korean exports.

Likewise, German export orders plummeted by 18% in September, and this was no one month blip.

For many more recent statistics just like these, please see my previous article entitled “18 Numbers That Scream That A Crippling Global Recession Has Arrived“.

If the global economy really was doing “just fine” as Barack Obama and others suggest, then why is the largest shipping line in the world eliminating jobs and scaling back capacity?…

A.P. Moeller-Maersk A/S is scaling back capacity and cutting jobs in the world’s largest shipping line to adapt to a drop in demand.

The Danish company, which last month lowered its profit forecast for 2015 citing a gloomier outlook for the global shipping market, will shed 4,000 jobs in its Maersk Line unit as part of a program to “simplify the organization,” it said in an e-mailed statement on Wednesday.

And why are some of the biggest banks in the western world laying off tens of thousands of workers?…

Standard Chartered Plc became the third European bank in less than two weeks to announce sweeping job cuts, bringing the total planned reductions to more than 30,000, or almost one in seven positions.

The London-based firm said Tuesday it will eliminate 15,000 jobs, or 17 percent of its workforce, as soaring bad loans in emerging markets hurt earnings. Deutsche Bank AG, based in Frankfurt, last week announced plans for 11,000 job cuts, while Credit Suisse Group AG said it would trim as many as 5,600 employees.

And if things are so great in the United States, why is Target suddenly closing stores?

The truth, of course, is that things are not great. Global GDP expressed in U.S. dollars is down 3.4 percent so far this year, and total global trade has plummeted 8.4 percent.

We have entered a major global economic slowdown, and like usual, equity markets will be the last to get the memo.

But when they finally do react, that is likely going to greatly accelerate our problems. Just like we saw in 2008, when there is fear and panic in the financial markets that tends to cause the flow of credit to freeze up. And that is something that we simply cannot afford, because the flow of credit has become the lifeblood of the global economy.

So no, “the crisis” is not “over”.

Rather, the truth is that “the crisis” is just beginning, and it will soon be making front page headlines all over the planet.

(Originally published on The Economic Collapse Blog)

11 Predictions Of Economic Disaster In 2015 From Top Experts All Over The Globe

2015 - Public Domain

Will 2015 be a year of financial crashes, economic chaos and the start of the next great worldwide depression? Over the past couple of years, we have all watched as global financial bubbles have gotten larger and larger. Despite predictions that they could burst at any time, they have just continued to expand. But just like we witnessed in 2001 and 2008, all financial bubbles come to an end at some point, and when they do implode the pain can be extreme. Personally, I am entirely convinced that the financial markets are more primed for a financial collapse now than they have been at any other time since the last crisis happened nearly seven years ago. And I am certainly not alone. At this point, the warning cries have become a deafening roar as a whole host of prominent voices have stepped forward to sound the alarm. The following are 11 predictions of economic disaster in 2015 from top experts all over the globe…

#1 Bill Fleckenstein: “They are trying to make the stock market go up and drag the economy along with it. It’s not going to work. There’s going to be a big accident. When people realize that it’s all a charade, the dollar will tank, the stock market will tank, and hopefully bond markets will tank. Gold will rally in that period of time because it’s done what it’s done because people have assumed complete infallibility on the part of the central bankers.”

#2 John Ficenec: “In the US, Professor Robert Shiller’s cyclically adjusted price earnings ratio – or Shiller CAPE – for the S&P 500 is currently at 27.2, some 64pc above the historic average of 16.6. On only three occasions since 1882 has it been higher – in 1929, 2000 and 2007.”

#3 Ambrose Evans-Pritchard, one of the most respected economic journalists on the entire planet: “The eurozone will be in deflation by February, forlornly trying to ignite its damp wood by rubbing stones. Real interest rates will ratchet higher. The debt load will continue to rise at a faster pace than nominal GDP across Club Med. The region will sink deeper into a compound interest trap.”

#4 The Jerome Levy Forecasting Center, which correctly predicted the bursting of the subprime mortgage bubble in 2007: “Clearly the direction of most of the recent global economic news suggests movement toward a 2015 downturn.”

#5 Paul Craig Roberts: “At any time the Western house of cards could collapse. It (the financial system) is a house of cards. There are no economic fundamentals that support stock prices — the Dow Jones. There are no economic fundamentals that support the strong dollar…”

#6 David Tice: “I have the same kind of feel in ’98 and ’99; also ’05 and ’06. This is going to end badly. I have every confidence in the world.”

#7 Liz Capo McCormick and Susanne Walker: “Get ready for a disastrous year for U.S. government bonds. That’s the message forecasters on Wall Street are sending.”

#8 Phoenix Capital Research: “Just about everything will be hit as well. Most of the ‘recovery’ of the last five years has been fueled by cheap borrowed Dollars. Now that the US Dollar has broken out of a multi-year range, you’re going to see more and more ‘risk assets’ (read: projects or investments fueled by borrowed Dollars) blow up. Oil is just the beginning, not a standalone story.

If things really pick up steam, there’s over $9 TRILLION worth of potential explosions waiting in the wings. Imagine if the entire economies of both Germany and Japan exploded and you’ve got a decent idea of the size of the potential impact on the financial system.”

#9 Rob Kirby: “What this breakdown in the crude oil price is going to spawn another financial crisis. It will be tied to the junk debt that has been issued to finance the shale oil plays in North America. It is reported to be in the area of half a trillion dollars worth of junk debt that is held largely on the books of large financial institutions in the western world. When these bonds start to fail, they will jeopardize the future of these financial institutions. I do believe that will be the signal for the Fed to come riding to the rescue with QE4. I also think QE4 is likely going to be accompanied by bank bail-ins because we all know all western world countries have adopted bail-in legislation in their most recent budgets. The financial elites are engineering the excuse for their next round of money printing . . . and they will be confiscating money out of savings accounts and pension accounts. That’s what I think is coming in the very near future.”

#10 John Ing: “The 2008 collapse was just a dress rehearsal compared to what the world is going to face this time around. This time we have governments which are even more highly leveraged than the private sector was.

So this time the collapse will be on a scale that is many magnitudes greater than what the world witnessed in 2008.”

#11 Gerald Celente: “What does the word confidence mean? Break it down. In this case confidence = con men and con game. That’s all it is. So people will lose confidence in the con men because they have already shown their cards. It’s a Ponzi scheme. So the con game is running out and they don’t have any more cards to play.

What are they going to do? They can’t raise interest rates. We saw what happened in the beginning of December when the equity markets started to unravel. So it will be a loss of confidence in the con game and the con game is soon coming to an end. That is when you are going to see panic on Wall Street and around the world.”

If you have been following my website, you know that I have been pointing to 2015 for quite some time now.

For example, in my article entitled “The Seven Year Cycle Of Economic Crashes That Everyone Is Talking About“, I discussed the pattern of financial crashes that we have witnessed every seven years that goes all the way back to the Great Depression. The last two major stock market crashes began in 2001 and 2008, and now here we are seven years later.

Will the same pattern hold up once again?

In addition, there are many other economic cycles that seem to indicate that we are due for a major economic downturn. I discussed quite a few of these theories in my article entitled “If Economic Cycle Theorists Are Correct, 2015 To 2020 Will Be Pure Hell For The United States“.

But just like in 2000 and 2007, there are a whole host of doubters that are fully convinced that the party can continue indefinitely. Even though our economic fundamentals continue to get worse, our debt levels continue to grow and every objective measurement shows that Wall Street is more reckless and more vulnerable to collapse than ever before, they mock the idea that a financial collapse is imminent.

So let’s see what happens in 2015.

I have a feeling that it is going to be an extremely “interesting” year.

(Originally published on The Economic Collapse Blog)

Obamacare Is A Disaster For Businesses, Philly Fed Finds

Obamacare Line

Remember all those allegations that Obamacare would be an unmitigated disaster for businesses, especially smaller companies? Well, now we have proof.

As the Philly Fed, which mysteriously soared at the headline level even as the vast majority of its components tumbled, reported moments ago, “in special questions this month, firms were asked qualitative questions about the effects of the Affordable Care Act (ACA) and how, if at all, they are making changes to their employment and compensation, including benefits.”

What the survey found was very disturbing: not only did businesses report that as a result of Obamacare the number of workers they employ is lower than higher (18.2% vs 3.0%), that there has been an increase in part time jobs (18.2% higher vs 1.5% lower), leading to a big increase in outsourcing and most importantly, Obamacare costs are being largely passed on to customers (28.8% reporting higher vs 0.0% lower), the punchline was that while there is basically no change in the number of employees covered (17.6% higher vs 14.7% lower and 67.6% unchanged), there has been a big jump in Premiums, Deductibles, Out-of-pocket maximums, and Copays, which has been “matched” by a far greater reduction in the range of medical coverage and the size of the network.

(Read the rest of the story here…)

The F-35 Fighter Jet Is A Historic $1 Trillion Disaster

F-35 Public Domain

The Air Force temporarily suspended all F-35 flights after one of the planes caught on fire before takeoff at Eglin Air Force Base in Florida. Even if the plane does debut later this month, it still has some serious issues, and a long way to go before it can be rolled out for combat missions. Already, the plane is expected to be delayed for over a year beyond its projected mid-2015 delivery date.

Despite this, it’s not likely that the F-35 will ever be scrapped. As we reported back in November of 2012, there are simply too many countries that have invested time and money into the program.

It is, quite literally, an aircraft that is “too big to fail” despite facing lifetime operating costs for the U.S. Fleet of $1 trillion, and cost overruns of $167 billion before a single plane has flown a single mission.

(Read the rest of the story here…)

Do NOT follow this link or you will be banned from the site!