The 11th Hour: 8 Examples Of Mainstream Media Sources Warning Us Of Imminent Economic Disaster

Are we on the verge of another great financial crisis, a devastating recession and a horrific implosion of the global debt bubble? On my website I have been relentlessly warning my readers about the inevitable consequences of our very foolish actions, but now the mainstream media is beginning to sound just like The Economic Collapse Blog. The coming crisis is so close now that a lot of them are starting to see it, and of course economic disaster is already a reality for much of the rest of the planet. For years, the mainstream media told us that things would get better, and in a lot of ways we did see some improvement. But now the tone of the mainstream media has become quite ominous, and that is definitely not a positive sign. The following are 8 examples of mainstream media sources warning us of imminent economic disaster…

#1 Forbes: “Disaster Is Inevitable When America’s Stock Market Bubble Bursts”

As shown in this report, the U.S. stock market is currently trading at extremely precarious levels and it won’t take much to topple the whole house of cards. Once again, the Federal Reserve, which was responsible for creating the disastrous Dot-com bubble and housing bubble, has inflated yet another extremely dangerous bubble in its attempt to force the economy to grow after the Great Recession. History has proven time and time again that market meddling by central banks leads to massive market distortions and eventual crises. As a society, we have not learned the lessons that we were supposed to learn from 1999 and 2008, therefore we are doomed to repeat them.

The purpose of this report is to warn society of the path that we are on and the risks that we are facing.

#2 CNBC: “Tech stock sell-off could be just beginning if trade war with China worsens”

Congressional scrutiny of social media companies and fears of new regulation pummeled their stocks, but other tech names could also soon be vulnerable to a new round of selling pressure if President Donald Trump goes through with new tariffs on Chinese goods.

#3 Bloomberg: “Emerging-market rout is longest since 2008 as confidence cracks”

For stocks, it’s 222 days. For currencies, 155 days. For local government bonds, 240 days.

This year’s rout in emerging markets has lasted so long that it’s taken even the most ardent bears by surprise. Not one of the seven biggest selloffs since the financial crisis — including the so-called taper tantrum — inflicted such pain for so long on the developing world.

#4 CNN: “Emerging Markets Look Sick. Will They Infect Wall Street?”

Chinese stocks are is in a bear market. Turkey’s currency has collapsed. South Africa has stumbled into a recession. Not even an IMF bailout has stemmed the bleeding in Argentina.

The storm rocking emerging markets has its origins in Washington. Vulnerable currencies plunged as the US Federal Reserve steadily raised interest rates. And President Donald Trump’s trade crackdown added gasoline to the fire.

The trouble could spread, infecting other emerging markets or even Wall Street.

#5 The Motley Fool: “6 signs the next recession might be closer than we realize”

To be perfectly clear, trying to predict when recessions will occur is pure guesswork. Top market analysts have called for pullbacks in the market, unsuccessfully, in pretty much every year since the Great Recession ended. But the economic cycle doesn’t lie: recessions are inevitable. And in my estimation, we’re probably closer to the next recession than you realize.

How can I be so certain? Well, I can’t. Remember, I just noted there’s virtually no certainty when it comes to predicting when recessions will occur. There are, however, six warning signs that suggest a recession could be, in relative terms, around the corner.

#6 Forbes: “U.S. Household Wealth Is Experiencing An Unsustainable Bubble”

Since the dark days of the Great Recession in 2009, America has experienced one of the most powerful household wealth booms in its history. Household wealth has ballooned by approximately $46 trillion or 83% to an all-time high of $100.8 trillion. While most people welcome and applaud a wealth boom like this, my research shows that it is actually another dangerous bubble that is similar to the U.S. housing bubble of the mid-2000s. In this piece, I will explain why America’s wealth boom is artificial and heading for a devastating bust.

#7 Savannah Now: “Global debt soars, along with fears of crisis ahead”

“We were supposed to correct a debt bubble,” said David Rosenberg, chief economist at Gluskin Sheff, a wealth-management firm. “What we did instead was create more debt.”

#8 CNBC: “The emerging market crisis is back. And this time it’s serious”

But markets are feeling a sense of deja vu. Blame it on a stronger dollar, escalating tensions since President Donald Trump came to power, worries over a full-fledged trade war with China or rising interest rates in the U.S., this time around the crisis seems to have entered a new phase.

The damage is far more widespread. The crisis has engulfed countries across the globe — from economies in South America, to Turkey, South Africa and some of the bigger economies in Asia, such as India and China. A number of these countries are seeing their currency fall to record levels, high inflation and unemployment, and in some cases, escalating tensions with the United States.

I don’t think that we have seen such ominous declarations from the mainstream media since the last global financial crisis in 2008.

And the mainstream media is not alone. Yesterday, I discussed the fact that tech executives on the west coast are setting up luxury survival bunkers in New Zealand in order to prepare for what is ahead.

They all know what is coming, and they also know that it is approaching very rapidly.

This chapter in American history is not going to end well. On some level, all of us understand this. Storm clouds have been building on the horizon for quite some time and the warning signs are all around us.

Our day of reckoning may have been delayed, but it was not canceled. America has a date with destiny, and it is going to be exceedingly painful.

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.

Bankers And Tech Executives Know The Collapse Of Society Is Coming And Are Feverishly Prepping For It

While most of the general population has been lulled into a false sense of security, bankers and tech executives are spending millions upon millions of dollars to prepare for the collapse of society. Do they know something that the rest of us do not? Apparently talk of doomsday scenarios has become very popular at Silicon Valley dinner parties, and as you will see below, having a plan to escape to New Zealand appears to be a very popular “Plan B” among the tech elite. Of course this is not just a west coast phenomenon. Many bankers on the east coast have similar concerns and have also been developing contingency plans. Ladies and gentlemen, they know what is coming and they are feverishly getting prepared for it. In fact, J.P. Morgan Chase’s head quant just publicly declared that the next financial crisis is going to result in “social unrest not seen in the U.S. in half a century”. The following comes from CNBC

Sudden, severe stock sell-offs sparked by lightning-fast machines. Unprecedented actions by central banks to shore up asset prices. Social unrest not seen in the U.S. in half a century.

That’s how J.P. Morgan Chase‘s head quant, Marko Kolanovic, envisions the next financial crisis. The forces that have transformed markets in the last decade, namely the rise of computerized trading and passive investing, are setting up conditions for potentially violent moves once the current bull market ends, according to a report from Kolanovic sent to the bank’s clients on Tuesday. His note is part of a 168-page mega-report, written for the 10th anniversary of the 2008 financial crisis, with perspectives from 48 of the bank’s analysts and economists.

If you visit my website on a regular basis, you already know that I have been warning that rising levels of anger and frustration are rapidly eroding the thin veneer of civilization that we all take for granted on a daily basis.

Back in 1968, the Vietnam war was in full swing, a presidential election was approaching and two of the most prominent leaders in America had just been assassinated. Chaos erupted in the streets as a result, and Kolanovic is absolutely convinced that we will see a similar eruption soon

Kolanovic closes his report on an ominous note: “The next crisis is also likely to result in social tensions similar to those witnessed 50 years ago in 1968.”

That year saw the peak of both the Vietnam War and anti-war movement and the assassinations of Martin Luther King Jr. and Sen. Robert F. Kennedy. Today, the internet and social media are helping to polarize groups, and events including the U.S. election and Brexit show tensions that will probably worsen in the next crisis, he said.

When society begins to come apart at the seams, many among the elite do not plan to stick around for the day of reckoning.

A Bloomberg article that was just published entitled “The Super Rich of Silicon Valley Have a Doomsday Escape Plan” has some amazing revelations. According to the article, over the past two years seven “Silicon Valley entrepreneurs” have purchased survival bunkers from a company in Texas and shipped them to locations in New Zealand…

In recent months, two 150-ton survival bunkers journeyed by land and sea from a Texas warehouse to the shores of New Zealand, where they’re buried 11 feet underground.

Seven Silicon Valley entrepreneurs have purchased bunkers from Rising S Co. and planted them in New Zealand in the past two years, said Gary Lynch, the manufacturer’s general manager. At the first sign of an apocalypse — nuclear war, a killer germ, a French Revolution-style uprising targeting the 1 percent — the Californians plan to hop on a private jet and hunker down, he said.

It would be weird enough if one wealthy individual did this, but the count is now up to seven.

So why have they chosen New Zealand?

Well, it is because New Zealand doesn’t have any enemies, English is spoken there, it is very stable, and it is very far away from everything else.

Plus, the country allows wealthy individuals “to essentially buy residency”

The nation allows emigres to essentially buy residency through investor visas, and rich Americans have poured a fortune into the country, often by acquiring palatial estates.

Billionaire hedge-fund honcho Julian Robertson owns a lodge overlooking Lake Wakatipu in Queenstown, the South Island’s luxury resort destination. Fidelity National Financial Inc. Chairman Bill Foley has a homestead in the Wairarapa region, north of Wellington, and Titanic director James Cameron bought a mansion nearby at Lake Pounui.

There has been a significant exodus of wealthy Americans to New Zealand in recent years, and once things start getting really bad there will be a steady stream of private jets taking off from locations in the U.S. and landing in that beautiful nation.

Of course not everyone plans to leave. Luxury survival bunkers are also being constructed all over the heartland of America, but they aren’t cheap.

For example, it was being reported that a “penthouse” inside the Survival Condo in Kansas was selling for more than four million dollars

Another shelter for the ultra-wealthy is the Survival Condo in Kansas.

It was designed to withstand a nuclear blast or nature’s worst, but is far cry from what you might expect an underground shelter to look like.

There is a cinema, a swimming pool with a water slide, a spa, a lounge, a gym and an indoor shooting range to keep occupants entertained.

But survival comes at a price.

Last year, it was reported that plush 3,600sq ft penthouses within the shelter – a former missile silo – were selling for $4.5m (£3.6m).

Needless to say, anyone outside of the top 1 percent is not going to make it into the Survival Condo.

And in order to keep the rest of us out, it has an armory that is “stocked with guns and ammo”

Additionally, an armory stocked with guns and ammo is in place in case of an attack by non-members, and is also available for owners to practice.

The bunker is able to sustain its owners for up to five years, by raising tilapia in fish tanks and growing hydroponic vegetables under lamps.

The elite can see what so many of the rest of us can also see.

Our future looks very troubling, and it appears to be wise to get prepared for what is coming in advance.

Unfortunately, the rest of us don’t have the money to buy a luxury survival bunker or to fly to New Zealand on a private jet. Money may not be able to buy happiness, but it can buy a pretty good escape plan.

This article originally appeared on The Economic Collapse Blog. 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 Complete List: Tech Companies that Have Banned Infowars and Alex Jones

Tech monopolies are scrambling to send every last trace of Infowars down the memory hole.

So far, the following companies have declared war on free speech:

Facebook
YouTube
Apple
Google Podcast
Spotify
TuneIn
Spreaker
iHeartRadio
Audioboom
Pinterest
MailChimp
Stitcher
Disqus
Sprout Social
LinkedIn
…YouPorn?

In many cases, we were never notified we’d been banned, or we were informed we’d violated terms of service, while never provided examples of our alleged offensive content.

Check out this termination notice from the Disqus comment hosting service, which ominously adds they’re “blocking the domains ‘infowars.com’, ‘newswars.com’, and ‘prisonplanet.com’” – presumably meaning comments containing those urls will be censored.

Prodded along by the Fake News enemy media, these social media companies are collectively taking part in the modern-day digital equivalent of book burning.

As Alex Jones explains, the censorship of conservative voices is part of a wider plot for Communist China to meddle in the upcoming elections.

Want to boycott authoritarian tech giants? Here are some platforms we recommend that value free speech:

Gab.ai instead of Twitter
Minds.com instead of Facebook
BitChute.com instead of YouTube
DuckDuckGo.com instead of Google

You can also bypass censorship by downloading the Infowars Official app – while it’s still available.

They Are Calling It “The Tech Bloodbath” – 10 Facts About This Tech Stock Crash That Will Take Your Breath Away

Thanks to crashing tech stocks, Americans have lost hundreds of billions of dollars in paper wealth over the past three trading days. As you will see below, we have just witnessed “the biggest market cap loss in history”, and many analysts believe that this is only just the beginning. At this point, even the mainstream media is fearing the worst. CNN is boldly proclaiming that “the tech bloodbath is here”, and there is a flood of mainstream articles giving advice to investors about how to ride out this crisis. But the amount of money that has already been lost is absolutely huge, and it isn’t going to take much to turn this panic into a full-blown stampede. In a lot of ways, what we are watching is very reminiscent of 2001. When the original tech bubble burst, the crash was so rapid and so dramatic that many ordinary investors were not able to react in time. As I have explained so many times before, markets tend to go down a whole lot faster than they go up, and the events of the last three trading days have been completely breathtaking.

A lot of people are responding as if this tech stock crash is a complete surprise, but the truth is that it shouldn’t be a surprise at all.

The only surprise is that the bubble lasted for as long as it did.

Even after the declines of the past three days, some of these tech companies still have some of the most absurd valuations that we have ever seen. There has been warning after warning that something like this could happen, but the optimists on Wall Street wanted to believe that the party would never come to an end.

Well, now the party is ending, and people are starting to understand the gravity of what we are facing. The following are 10 facts about this “tech bloodbath” that are almost too crazy to believe…

#1 The 10 leading U.S. tech companies lost an astounding 82.7 billion dollars in stock value on Monday.

#2 Overall, FANG stocks have lost 220 billion dollars in stock value over the last 3 trading days. According to Zero Hedge, that represents “the biggest market cap loss in history”.

#3 Last Thursday, Facebook had the worst day for a single company in the history of the stock market.

#4 The amount of money that Facebook investors have lost is greater than the entire market value of some of the biggest corporations in America

The gargantuan one-day loss in the social media company’s market value eclipses the total value of warehouse club Costco, drug maker Bristol-Myers Squibb, investment powerhouse Goldman Sachs, defense contractor Lockheed Martin and credit-card company American Express, according to Bloomberg data.

The wealth destroyed also is more than the total value of farm equipment maker Caterpillar, home-improvement retailer Lowe’s, coffee seller Starbucks and drugstore chain CVS.

#5 One prominent ETF manager is saying that he doesn’t “see us being heavily invested in Facebook ever again”.

#6 FANG stocks are collectively down more than 10 percent from the record high last month.

#7 The 5 most valuable companies in the United States are all in the tech sector and they are all located on a stretch between Silicon Valley and Seattle.

#8 Thanks to all of the panic, investors are being forced to pay more for Nasdaq downside protection than they ever have before.

#9 Morgan Stanley’s chief U.S. equity strategist is warning that “the selling has just begun and this correction will be biggest since the one we experienced in February.”

#10 One major investor has told CNBC that he believes that the major tech stocks could ultimately lose 30 or 40 percent of their value

Ahead of Apple earnings scheduled for Tuesday evening, Larry McDonald, editor of the Bear Traps Report, warns to stay away from what has been one of the hottest areas of the market this year.

“These are stocks you want to run away from,” McDonald told CNBC’s “Trading Nation” on Friday. “I see potentially 30 percent to 40 percent downside on the FAANGs.”

Tech stocks led the way up during the first Internet bubble, and they also led the way down.

Will the same thing happen again this time around?

If some people think that the broader market will be immune as tech stocks continue to crash, they are just deceiving themselves. To a very large extent, it has been the tech industry that has been responsible for holding the market up in these troubled times. Right now the housing industry is slowing down substantially, we are in the midst of the worst “retail apocalypse” in American history, and big agriculture is being absolutely devastated by foreign tariffs.

There aren’t too many other bright spots for the U.S. economy at the moment, and so if the tech sector implodes we are going to see a lot of others go down with it.

Look, there is a reason why Mark Zuckerberg and other Facebook insiders dumped billions of dollars worth of Facebook stock in the months leading up to this crash. They all knew that trouble was brewing, and they wanted to get out while the getting out was good.

As I have told my readers so many times before, you only make money in the stock market if you get out at the right time, and those Facebook insiders picked the right time.

Earlier this month, Ron Paul warned that the stock market could be cut “in half” when the “biggest bubble in the history of mankind” finally bursts, and a lot of people laughed at him.

Are they still laughing now?

Hopefully the market will settle down tomorrow, and without a doubt we will see a bounce at some point. But it is certainly starting to feel like 2001 and 2008 all over again, but this time the bubble is far bigger than ever before.

How will this story ultimately end?

I think that we all know the answer, and it isn’t going to be pretty…

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.

Tech Investors Start To Panic As Facebook’s Stock Price Plunges More Than 20 Percent

Is this the beginning of the fall of Facebook? After announcing disappointing numbers for the second quarter on Wednesday, Facebook’s stock price plunged more than 20 percent in after-hours trading. If that decline holds on Thursday, it will be the biggest stock price drop in Facebook’s entire history. But the truth is that we will probably see the stock price bounce back a bit, because Wednesday’s crash was almost certainly an overreaction. Unlike many other tech companies, Facebook is still making lots of money, and the number of users globally is still growing. However, there are definitely some huge red flags. In the U.S. and Canada the number of users is stagnant, and in Europe the number of users is actually declining. Facebook’s user base is aging as many young people abandon the platform for trendier alternatives, and there is a growing backlash among conservatives against the tremendous censorship that we have seen in recent months. People are hungry for an alternative, and if something more appealing comes along Facebook could ultimately suffer the same fate as MySpace very rapidly.

Stock prices tend to fall a lot faster than they go up, but what happened to Facebook on Wednesday was truly breathtaking

Facebook lost about $130 billion in market value in just two hours, its steepest stock decline ever, after warning of slowing sales growth.

The stock, which plunged as much as 24% in after-hours trading Wednesday, had a cascading effect on competitors Snap and Twitter, which dropped, too. Traders are bracing for a decline in tech stocks when the markets open Thursday.

130 billion dollars in just two hours?

In 2018, Facebook CEO Mark Zuckerberg has been selling Facebook stock like crazy, and that is probably a good thing because his remaining holdings declined by 16.8 billion dollars during the crash. If the stock price does not bounce back, Zuckerberg will slip all the way from third place to sixth place on the Bloomberg Billionaires Index.

He won’t exactly be hurting, but this shows us how fast things can start to move once investors begin to panic.

So exactly why did Facebook’s stock crash on Wednesday? Well, it turns out that revenue growth and user growth were lower than expected

The problem: weaker-than-expected revenue growth, Facebook’s first such miss since 2015. It recorded sales of $13.23 billion for the three months ended in June, short of the $13.3 billion Wall Street anticipated.

Also alarming to investors: Facebook’s growth is slowing with users in some of its most lucrative markets. Facebook reported its slowest growth rate ever, with 2.23 billion people logging in at least once a month in June, below the 2.25 billion analysts expected.

In addition to the factors that I mentioned above, Europe’s new privacy law and the Cambridge Analytica scandal are really taking a toll

The second-quarter results were the first sign that a new European privacy law and a succession of privacy scandals involving Cambridge Analytica and other app developers have bit into Facebook’s business. The company further warned that the toll would not be offset by revenue growth from emerging markets and Facebook’s Instagram app, which has been more immune from privacy concerns.

Ultimately, the adjustment to Europe’s new privacy law and the fallout from the Cambridge Analytica scandal are just temporary.

Facebook should be much more concerned about the fact that conservatives are getting completely fed up with the rampant censorship on the platform. During a media event on Wednesday, Facebook executives openly admitted that they are limiting distribution of certain viewpoints…

The kerfuffle started when Fidji Simo, Facebook’s vice president of video, was asked about Infowars stories on their platform while touting new Facebook Watch entertainment shows.

“To be totally transparent, I find Infowars to be absolutely atrocious,” Simo replied. “That being said, we have the hard job of balancing freedom of expression and safety. So the way we navigate that is we think there’s a pretty big difference between what is allowed on Facebook and what gets distribution. So what we’re trying to do is make it so that if you are saying something that’s untrue on Facebook — you’re allowed to say it as long as you’re an authentic person and you adhere to our community standards — but we’re trying to make it so it doesn’t get that much distribution .… We don’t always get it right, as you can imagine, it’s very complicated, but that’s sort of our principle for dealing with information.”

We are in the midst of the greatest purge of anti-establishment voices in Internet history, and Facebook is leading the charge. More accounts are being “shadowbanned” or terminated completely on a daily basis, and conservatives just keep getting angrier and angrier at Facebook.

For now, most conservatives continue to use Facebook. Like a lot of other people, I use it simply because it seems like everyone else is using it.

But eventually a more appealing alternative is going to come along.

Before Facebook, MySpace seemed like it was so dominant that nobody could ever compete with it. But of course Facebook ultimately crushed MySpace, and now MySpace is barely surviving.

In addition to a potentially enormous conservative backlash, Facebook should be deeply alarmed that young people are abandoning the platform in massive numbers

Teenagers have abandoned Facebook in favour of other social media platforms such as Snapchat and Instagram, according to a study from the Pew Research Center.

Just 51% of US individuals aged 13 to 17 say they use Facebook – a dramatic plunge from the 71% who said they used the social network in Pew’s previous study in 2015, when it was the dominant online platform.

We may very well look back someday and identify 2018 as the turning point for Facebook.

For now it is considered to be worth more than 600 billion dollars, but that market price won’t last forever.

One of these days a new and better competitor will arise, and Facebook will be consigned to the trash heap of history.

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 Internet Crackdown Begins: U.S. Senator Al Franken Wants Google, Facebook And Twitter To Censor Political Speech

Are the days of the free and open Internet numbered? The Internet is certainly used for all sorts of horrible things, but it has also allowed ordinary people to communicate on a mass scale that would have been unimaginable decades ago. In the old days, if you wanted to reach large audiences of people with your information you always had to go through corporate gatekeepers. But today, anyone with an Internet connection can literally broadcast whatever they want to say to the whole world. Personally, my wife and I have always been amazed at how many people we are able to touch all over the planet from our little home in the mountains. Over the past seven years our websites have been viewed more than 100 million times, and we receive emails about our work from people all over the globe.

Unfortunately, major changes may soon be coming to the Internet. The election of Donald Trump really angered the elite, and they are blaming the power of the Internet for his victory. They insist that something must be done “for the good of democracy”.

For example, in an opinion piece for the Guardian, U.S. Senator Al Franken proposed that it is time for the U.S. government to step in because Google, Facebook and Twitter have failed to prevent the spread of propaganda, misinformation, and hate speech

As lawmakers grapple with the revelations regarding Russia’s manipulation of social media during the 2016 election, many are shocked to learn the outsized role that the major tech companies play in so many aspects of our lives. Not only do they guide what we see, read, and buy on a regular basis, but their dominance – specifically in the market of information – now requires that we consider their role in the integrity of our democracy.

Last week’s hearings demonstrated that these companies may not be up to the challenge that they’ve created for themselves. In some instances, it seems that they’ve failed to take commonsense precautions to prevent the spread of propaganda, misinformation, and hate speech.

Those are very ominous words.

So precisely what would constitute “propaganda”, “misinformation” or “hate speech”?

When you start regulating speech, you cross a very dangerous line. There is a reason why our founders guaranteed us freedom of speech in the Bill of Rights, because if we don’t have the freedom to say what we want then what do we really have left?

During the presidential election, there was a lot of talk about Hillary Clinton’s health. The mainstream media insisted that she was just fine, and they accused those of us in the alternative media that were questioning her health of engaging in “propaganda” and “misinformation”. Well, it turns out that we now know that Clinton’s health was so bad that Donna Brazile was actually considering replacing her as the nominee, and so it was actually the mainstream media that was putting out “propaganda” and “misinformation”.

Any effort to institute some sort of “truth police” would take us significantly down the road to totalitarianism, but apparently that is what Franken wants. In fact, he is openly suggesting that it is time for government regulators to step in

Instead of simply trusting the big tech companies to police how their services are being used and abused, Franken suggested that regulators need to step in. Lawmakers should take a closer look at the influence technology plays in the everyday lives of Americans by conducting “vigorous oversight in the form of investigations and hearings to fully understand current practices and the potential for harm,” the Minnesota senator said.

“I’m hopeful that recent events will encourage regulators, as well as a broader contingent of my colleagues — on both sides of the aisle — to give this issue the attention it deserves,” he said.

So once government regulators begin regulating speech on the Internet, where will it end?

Will everything that we do on the Internet have to be evaluated for “truthiness” before it is allowed to be posted?

And who decides what the “truth” actually is?

I am a big believer in the marketplace of ideas. I have always been convinced that if everyone is allowed to openly share what they believe that the truth will win in the end.

Of course the elite are scared of the free exchange of ideas, because that gives the people way too much control over their own destiny. Prior to the Internet age, they were always in control of the flow of information in our society, but now things have changed dramatically.

They desperately want to get control of the Internet, because they want things to go back to the way that they used to be. But we can’t allow that to happen, and so we must greatly resist any attempts to regulate speech on the Internet.

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.

20 Amazing Facts About What Happens Every Single Minute Of Every Single Day In Our Rapidly Changing World

Our world is changing at a blinding pace that is accelerating with each passing day. Thanks to the Internet, information travels at a speed that would have been unimaginable at other times in human history, and our technological capabilities are advancing at a rate that is exponentially increasing. What all of this means is that seismic cultural shifts that used to take decades can now be accomplished in a matter of months or even weeks. So will all of this change lead to a wonderfully positive future for humanity, or will it result in a dystopian nightmare? Only time will tell, but what everyone can agree on is that our world is rapidly becoming a much different place than the world that our parents and grandparents grew up in. The following are 20 amazing facts about what happens every single minute of every single day in our rapidly changing world…

#1 250 babies will be born, and 113 of them will be born into poverty.

#2 500 hours of video will be uploaded to YouTube.

#3 The Earth will travel 1,118 miles around the sun.

#4 McDonald’s will sell 4,500 hamburgers.

#5 Lightning will strike our planet about 6,000 times .

#6 28,500 trees will be cut down.

#7 51,000 applications will be downloaded from Apple’s App Store.

#8 65,000 barrels of oil will be used used.

#9 People will watch 64,444 hours of content on Netflix.

#10 120,673 pounds of edible food will be thrown away in the United States.

#11 $203,596 worth of products will be sold on Amazon.com.

#12 448,800 tweets will be posted on Twitter.

#13 527,760 photos will be shared on Snapchat.

#14 3.3 million posts will be made to Facebook.

#15 3.8 million Google searches will be conducted.

#16 5 million pounds of garbage will be generated.

#17 6 million chemical reactions will happen in each one of our cells.

#18 20.8 million messages will be sent using WhatsApp.

#19 25 million Coca-Cola products will be consumed.

#20 204 million emails will be sent.

Here Come The Robots – And They Are Going To Take Almost All Of Our Jobs

What is going to happen to society when robots are able to do just about everything better, faster and cheaper than human workers can? We live at a time when technology is increasing at an exponential pace. Incredible advancements in robotics, computer science and artificial intelligence are certainly making our lives more comfortable, but they are also bringing fundamental changes to the workplace. For employers, there are a lot of advantages to replacing human workers with robots. Robots don’t surf around on Facebook when they are supposed to be working. Robots don’t need Obamacare, lunch breaks or vacation days. Robots never steal from the company and they never complain. Up until fairly recently, human workers could generally perform many tasks more cheaply than robots could, but now that is rapidly changing.

For example, a coffee shop has just opened up in San Francisco that is manned by a robot instead of a human…

Tired of your barista misspelling your name on your morning cup of joe? Perhaps a robot could do better. On Monday, Cafe X opened its very first robotic cafe in San Francisco’s Metreon shopping center. Promising “precision crafted specialty coffee in seconds, the way the roaster intended,” Cafe X thinks that anything a human can do, its machines can do better.

Specifically, one very special machine. Nicknamed Gordon, after a Cafe X employee, this robot mans, or robots, two standard professional coffee machines in order to serve up espressos and lattes. In the San Francisco location, customers can grab a cup of coffee with beans from AKA Coffee, Verve Coffee Roasters, or Peet’s. While the coffee itself may not make Cafe X stand out from the competition, the startup hopes that the robot’s efficiency will.

If that coffee shop demonstrates that it can be much more profitable than a coffee shop with human employees, it is just a matter of time before human baristas start to be phased out all over the nation.

A similar thing is happening in many supermarkets. Personally, I hate the “self-checkout lines”, but you are starting to see them everywhere these days.

And according to the Sun, Amazon is playing around with a concept that would employ hardly any human workers at all…

In the case of Amazon’s automated retail prototype, a half-dozen workers could staff an average location. A manager’s duties would include signing up customers for the “Amazon Fresh” grocery service. Another worker would restock shelves, and still another two would be stationed at “drive-thru” windows for customers picking up their groceries, fast-food style.

The last pair would work upstairs, helping the robots bag groceries to be sent down to customers on “dumbwaiter”-like conveyors, a source said.

With the bare-bones payroll, the boost to profits could be huge. Indeed, the prototype being discussed calls for operating profit margins north of 20 percent. That compares with an industry average of just 1.7 percent, according to the Food Marketing Institute.

During the recent presidential campaign, much was made of the fact that we have shipped millions of good paying jobs overseas over the past several decades.

We can certainly try to make some laws that would keep American workers from losing jobs to foreign workers, but pretty soon workers all over the world are going to be losing millions of jobs to technology, and it is going to be just about impossible to make laws to prevent that from happening.

Just check out what is happening in China. Many big firms had moved manufacturing to China because labor was much cheaper over there, but now a lot of those cheap Chinese workers are being replaced by robots

Apple’s iPhone manufacturer, Foxconn, in fact, has already begun automating certain work that was previously done by hand. A Chinese government official told a Hong Kong newspaper in May that Foxconn had replaced 60,000 workers with robots at one factory there. And the company is receiving incentives north of Shanghai in the eastern-central Jiangsu Province to accelerate investments in robotics to replace human labor, according to Chinese state media organization Xinhua.

Sadly, this is just the beginning. According to one study, 49 percent of all activities currently performed by human workers could already “be turned over to some sort of machine or robot”…

About 49% of worker activities can be turned over to some sort of machine or robot, increasingly helped along by artificial-intelligence software, according to consultancy McKinsey.

About 58% of CEOs plan to cut jobs over the next five years because of robotics, while 16% say they plan to hire more people because of robotics, according to a PricewaterhouseCoopers survey.

And Carl Frey of Oxford University has determined that some professions have more than a 90 percent chance of becoming automated in the coming years

The revelations that dependable office jobs such as insurance workers and real estate agents have a more than 97% chance of becoming computerised could now spark fears among the middle class workforce.

‘While low-skilled jobs are most exposed to automation over the forthcoming decades, a substantial number of middle-income jobs are equally at risk.’ Frey told The Times.

Other jobs that feature high on the ‘risk list’ are credit analysts who have a 97% chance of losing their jobs to robots, postal service workers at 95% and lab technicians who have an 89% chance of seeing their role become automated.

So what in the world are we going to do with billions of human workers around the globe that are no longer needed when technology takes virtually all of our jobs?

Some have suggested that the idea of “work” will become a thing of the past, and that society will evolve into a socialist utopia where everything we need is provided for by the government. In fact, the concept of a “universal basic income” is already being promoted in Europe and elsewhere.

But others see a dystopian future where the gap between the “haves” and the “have nots” grows greater than ever before. Humanity has always been plagued by poverty and greed, and everyone agrees that the gap between the very wealthy and the rest of us has been growing very rapidly in recent years.

Where there is nearly universal agreement is on the fact that big changes are coming. Workers are going to be displaced by technology at an accelerating rate in the years ahead, and this will present a tremendous challenge for us all.

(Originally published on The Economic Collapse Blog)

Stories Of Despair From The Forgotten People That The U.S. Economy Has Left Behind

Forgotten - Public Domain

There is so much economic despair in our country today, but if you have a good job and if you live in a good neighborhood you might not ever encounter it. There really are “two Americas” in 2016, and they are getting farther and farther apart with each passing year. On the one hand, you have lots of people smiling in New York City these days because of the stock market boom, and property values have soared to ridiculous levels in San Francisco because of the tech bubble. But in between the two coasts there are vast stretches of forgotten people that the U.S. economy has left behind. In this article I am going to share some of their stories with you.

Because I run a website called The Economic Collapse Blog, I hear from a lot of people that are really struggling in this economy. Just yesterday, I posted an article entitled “In 1 Out Of Every 5 American Families, Nobody Has A Job“, and one of my regular readers left the following comment on that article…

After 5-6 some odd years I finally got a decent tech job that pays a couple of bucks more than typical fast food. For the first time in a long time I can say we are coming out of the black. But however, it’s a shaky recovery. If I lose this job at anytime in the next few years it will be devastating so I’m taking the opportunity to win back my certs so that I can get a higher paying tech job.

Here’s to keeping fingers crossed…

In many areas of the nation today, it is a real challenge to find a good job. According to the Social Security Administration, 51 percent of all American workers make less than $30,000 a year at this point, and you can’t support a middle class family on $30,000 a year. The American Dream feels like it has ended for millions upon millions of families, and this is leading to a lot of depression and despair.

I would like to share with you three comments that were recently left on a New York Times article about depression. In all three instances, the commenters link their battle with depression with the economy in some way…

#1 But for me, I see another change that has affected me as I have entered the high risk age group. Over the years, as the economy dumps, as the businesses that have employed people in my region have cut staff, or just gone away, I have seen almost every friend that I have made in the last 30 years move away. My social network imploded.

For those who cannot easily recreate new sets of friendships, especially if they are un- or underemployed, and have fractured family relationships, there is little social support to help stave off depression. And for more and more people who are working, the push to work independently, not in an office atmosphere, creates even more isolation.

#2 I have been diagnosed and have been taking meds and in therapy for 30 years. And I was hanging in there until I lost everything. College educated, a professional for 30 years, I am now on Disability and Obamacare, both of which are on the chopping block. I watch the election process in terror and wonder what will happen to people like me. Medically I am bipolar, but now I am indigent, and if I can’t access health care or a place to live, I’m done. All the Prozac in the world won’t change that.

#3 I became disabled ten years ago in my mid-forties. I live alone and have no family and no friends. I miss my career so much, and having a social life. Being disabled means having less money than ever, but with greater medical costs that ever. I think of suicide quite a bit. I’m so lonely and poor. Then I got cancer a few years ago which is in remission but causing other health problem. I’m doing my best to continue to afford to keep my dog. She’s only 4 and could live another 14 years. I’m giving her the best life possible and I don’t want to leave her. She keeps me going and is the only love I have in my life. I wish there were more social service in the U.S. for people like me. If I ever “get better”, or win the lottery, I will be a fierce advocate to improve the quality of life for people like me who have fallen through the cracks. I’m living a life that is hell on earth. I can see why some people in similar situations choose to “opt out” when every day is painful and lonely.

Those that insist that “everything is going to be just fine” are ignoring millions of stories such as these.

There are so many Americans that are going through enormous suffering in quiet solitude, and because they aren’t marching in the streets they are forgotten about by the rest of us.

But of course not everyone suffers so quietly. Sometimes desperate people do desperate things, and all over the nation we are seeing rates of violent crime start to rise.

And not every person that commits acts of violent crime is looking to hurt people. Sometimes all they want is some food. The following comes from Natural News

According to a heartbreaking report by All Self Sustained, an elderly man was threatened with a knife last month by a man and a woman in a home invasion – the pair were looking to steal food.

71-year-old Luis Rosales answered the door of his New Jersey apartment in the afternoon and was confronted by a man and woman who were armed with an eight-inch kitchen knife. The pair forced themselves inside, threatening Rosales with death if he made too much noise.

The suspects used pepper spray to affect Rosales’ vision before ransacking his apartment and raiding his fridge, telling Rosales that they were hungry. They also took his wallet.

We are witnessing the slow-motion meltdown of society, and this is something that I talked about in my article yesterday and that I talk about in my new book entitled “The Rapture Verdict“.

Even with the “recovery” we have supposedly experienced, 47 percent of all Americans could not even pay an unexpected $400 emergency room bill without borrowing the money from somewhere or selling something.

And things are not going to be getting any better for the economy moving forward. The despair and desperation that we have seen so far are nothing compared to what is coming.

A tremendous amount of love and compassion is going to be required in the years ahead, because huge numbers of people are going to be really hurting.

So how will you respond when people all around you are in very deep trouble?

Will you “bunker up”, or will you be willing to reach out and help those less fortunate than yourself?

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

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