Categories
Biden administration Corn destruction of the middle class disposable income eating economic Economy Federal Reserve food bills food prices food shortages Headline News hiding inflation hyperinflation Intelwars Jimmy Carter plandemic Prepare Preparedness processed foods scamdemic wake up

Yikes! Corn Prices Are Up Roughly 50% In 2021 As Americans Brace For Years Of Horrific Food Inflation

This article was originally published by Michael Snyder at The Economic Collapse Blog. 

PREPPING FOR THE UPCOMING GOVERNMENT-INDUCED FOOD SHORTAGES

It sure didn’t take long for the Joe Biden era to start resembling the Jimmy Carter era.  Prices are going up so fast that even the mainstream media can’t stop talking about it.  This has already become a major national crisis, and it should be exceedingly obvious to everyone that it is only going to get worse.

The Biden administration wants to borrow and spend trillions of more dollars on top of all the absurd spending that has already happened, and the Federal Reserve is going to continue to pump gigantic piles of fresh cash into the financial system.  Collectively, our leaders are literally committing economic malpractice, and if most Americans truly understood what was going on they would be out in the streets protesting against it.

Already, a lot of people out there are becoming extremely alarmed that their food bills are so high.  One of the things that is driving this is the price of corn.  Most Americans don’t eat a lot of canned corn or corn on the cob, but corn has become a key ingredient in literally thousands of other products in our grocery stores.  If you doubt this, just wander through a grocery store sometime and look for products with these ingredients

  • Corn flour, cornmeal. corn gluten, cornflakes, etc.
  • Cornstarch, also listed on labels as starch or vegetable starch
  • Corn oil
  • Corn syrup or high fructose corn syrup
  • Dextrins
  • Maltodextrins
  • Dextrose
  • Fructose or crystalline fructose
  • Hydrol, treacle
  • Ethanol
  • Free fatty acids
  • Maize
  • Zein
  • Sorbitol

When you know what to look for, pretty soon you start realizing that corn is in the majority of our processed foods.  They put it in bread, they put it in soda, they put it in baby formula, and food manufacturers are constantly coming up with new ways to stick it into even more products.

Needless to say, this is absolutely horrible for our health, but that is a topic for another article.

In this article, the point I am trying to make is that the price of corn is going to affect the price of most of the things that the average American buys at the grocery store, and at this point, the price of corn is up “roughly 50%” so far in 2021…

America’s biggest cash crop has rarely been more expensive. Corn prices have risen roughly 50% in 2021 and a bushel costs more than twice what it did a year ago.

Corn has been one of the sharpest risers in the broad rally in raw materials that is prompting companies to boost prices for goods and fueling concern among investors that inflation could hobble the post-pandemic economic recovery.

Here in the United States, most Americans will be able to absorb the price increases that are coming, but in other parts of the globe, a price shift of this magnitude could mean that millions of families will no longer have enough money to buy the food they need.

Of course, it isn’t just the price of corn that is going crazy.  As that same Wall Street Journal article noted, we are seeing wild inflation in many areas of the U.S. economy right now…

Lumber prices have shot to more than four times what is typical, pushing up home prices and obliterating renovation budgets. Copper, a cog of industry found throughout the home and in electronics, hit record prices Friday. Crude oil hasn’t cost so much since 2018 and soybeans are trading at their loftiest level since 2012.

Day after day, inflation is making headlines, and this is going to cause a lot of fear.  As a result, hordes of people will be rushing out to their local retail stores “to stock up”, and this will do a couple of things.

First of all, it will make inflation even worse.  When demand rises relative to supply, that pushes prices in an upward direction, and that is just basic economics.

Secondly, it will intensify our ongoing shortages.  As I detailed the other day, the shortages that we are experiencing now are worse than anything that we went through in 2020, and there will be more shortages in the months ahead.

And as if we weren’t already facing enough problems, one of the most important fuel pipelines in the U.S. was just shut down by a very sophisticated ransomware attack

One of the largest US fuel pipelines remained largely paralyzed Monday after a ransomware cyberattack forced the temporary shutdown of all operations late last week — an incident that laid bare vulnerabilities in the country’s aging energy infrastructure.

The victim of the attack, Colonial Pipeline is a company that transports more than 100 million gallons of gasoline and other fuel daily from Houston to the New York Harbor.

It is very interesting to note that some in the mainstream media are trying to link this attack to Russia.  Whether that is true or not, we all know where all of this is eventually heading.

These are such troubled times, but most Americans still don’t realize what we are facing.

Sending out big government checks made everyone feel good for a little while, but it came at a great cost.  Creating trillions of dollars out of thin air is absolutely destroying the value of our currency, and once the U.S. dollar is dead there will be no going back.

To me, we just hit a milestone that is extremely telling.  If you can believe it, the total value of all cryptocurrencies is now greater than the value of all U.S. currency currently in circulation

Cryptocurrency has hit a significant milestone: It’s now worth more than all US dollars currently in circulation.

Cryptocurrencies hit a valuation of $2 trillion on April 29, according to The Wall Street Journal. That’s about the same valuation as all US dollars in circulation. However, it has since hit as high as $2.25 trillion — and in the process actually exceeding dollars in circulation.

This is utter madness!

But this is what can happen when the Federal Reserve electronically pumps trillions upon trillions of new dollars into the financial system.

An inflationary collapse is in the process of unfolding right in front of our eyes, and I am certainly not the only one loudly warning about this.  Earlier today, I came across a piece that was authored by Dr. Don Boys

I am yelling fire because fire is raging. Mixing metaphors, the storm is not coming; it’s already here. America’s financial house of cards will fall, taking other nations with her. Thoughtful Conservatives must inform people of imminent danger because families will be disrupted, businesses will fail, couples will be divorced, and children will suffer immeasurably.

The economy has faltered, is failing, and will fall.

I see no way out of the coming collapse. Sometimes politicians make such a mess of things that there is no way to correct or solve the mess. It’s almost like being in a small boat on a raging sea, unsure how far you are from the coast you left and the distance to where you hope to dock. You keep going hoping to stay afloat; however, our “boat” is overwhelmed with accelerating debt.

For years we have been marching toward this sort of a disaster, but now that march has evolved into a full-on sprint.

Everything that the “economic alarmists” have been warning about is starting to happen, but this is just the beginning.

Much worse is still to come, and the fall of the U.S. economy is going to absolutely shock the entire globe.

***Michael’s new book entitled “Lost Prophecies Of The Future Of America” is now available in paperback and for the Kindle on Amazon.***

About the Author: My name is Michael Snyder and my brand new book entitled “Lost Prophecies Of The Future Of America” is now available on Amazon.com.  In addition to my new book, I have written four others that are available on Amazon.com including The Beginning Of The EndGet Prepared Now, and Living A Life That Really Matters. (#CommissionsEarned)  By purchasing the books you help to support the work that my wife and I are doing, and by giving it to others you help to multiply the impact that we are having on people all over the globe.  I have published thousands of articles on The Economic Collapse BlogEnd Of The American Dream, and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe.  I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article.  The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial, or health decisions.  I encourage you to follow me on social media on FacebookTwitter, and Parler, and anyway that you can share these articles with others is a great help.  During these very challenging times, people will need hope more than ever before, and it is our goal to share the gospel of Jesus Christ with as many people as we possibly can.

The post Yikes! Corn Prices Are Up Roughly 50% In 2021 As Americans Brace For Years Of Horrific Food Inflation first appeared on SHTF Plan – When It Hits The Fan, Don’t Say We Didn’t Warn You.

Share
Categories
bubbles collapse devalued economic Economic Pain Economy experts Financial Gross Domestic Product Headline News Intelwars Manipulation Market Crash Masters owners ruling class slaves Stock Market Stocks The Fed The Federal Reserve United States wake up

Experts Are Warning That A U.S. Stock Market Crash Is Very Likely In The Months Ahead

This article was originally published by Michael Snyder at The Economic Collapse Blog.

Stock prices are not going to stay this high.  Everyone can see that we are in a stock market bubble that does not have any parallel in all of U.S. history, and everyone can see that the end of that bubble is approaching.

The only debate is about how fast and how far the eventual fall will be.  For the first time ever, the ratio of U.S. stock prices to U.S. GDP has reached 200 percent.  In other words, the total value of U.S. stocks is now twice as high as the value of all U.S. economic output for an entire year.  To get an idea of how crazy this is, just check out this chart.  Historically, the ratio of U.S. stock prices to U.S. GDP is normally under 100 percent, and so if all stock prices were cut in half U.S. stocks would still be overvalued.  That is how extreme this bubble has become.

Other key valuation measures also indicate that stock prices have gotten wildly out of balance.  The following example comes from a Motley Fool article entitled “Here’s Why You Should Expect a 20% Stock Market Crash in 2021”

Looking back 150 years, the S&P 500 has averaged a Shiller P/E of 16.78. Admittedly, the Shiller P/E ratio has been a lot higher over the past 25 years. The advent of the internet has broken down information barriers for retail investors, and historically low lending rates for more than a decade have fueled borrowing and lit a fire under growth stocks.

But as of Feb. 3, the Shiller P/E for the S&P 500 was knocking on the door of 35 — more than double the long-term average. To put this figure into some context, there have only been five periods in history where the Shiller P/E ratio topped 30 and stayed there during a bull market run. Two of these events — the Great Depression and dot-com bubble — led to some of the biggest pullbacks ever witnessed in equities. Two other events (not counting the current move) occurred within the past three years, delivering declines of 20% and 34%, respectively, in the S&P 500.

Basically what this is saying is that if stock prices fell by half, the Shiller P/E for the S&P 500 would still be above the long-term average.

So if the market only falls by 20 percent this year as that Motley Fool article is suggesting, we should consider ourselves to be extremely fortunate.

We have never seen anything like this before.  The bubble that we are in now absolutely dwarfs the epic stock market bubbles of 1929 and 2000.  Stock market mania has gripped the entire nation, and all sorts of people have been getting rich, at least on paper.

But many Wall Street veterans that have been watching all of this transpire have become extremely concerned.  The following comes from a Forbes article entitled “Is The Stock Market About To Crash?”

‘Very, very concerning’ echoes of the 90s dot-com bubble are being heard loud and clear by nervous market experts. A 12-year-old bull market; SPAC mania; IPOs that more than double on the first trading day; an army of amateur traders and GameStop mania. It certainly feels like irrational exuberance–and it triggers alarms for those who remember the dot-com bubble of the late 1990s. “The parallels we have today are historically very, very concerning,” notes Jim Stack, president of Whitefish, Montana’s InvesTech Research and Stack Financial Management. “The current froth is the icing on the cake, and when you look through it, you see a lot of other underlying issues.”

In this sort of environment, videos by kids on YouTube showing people how to make a million dollars by day trading stocks get hundreds of thousands of views.

If you have been able to make a lot of money by playing the stock market, good for you.

Just make sure that you get out in time.

Every other stock market bubble in U.S. history has ended badly, and as John Hussman recently noted, this is our generation’s moment of peak financial insanity…

Nothing so animates a speculative herd as a parabolic price advance in an asset detached from any standard of value. I am convinced that future generations will use the present moment to define the concept of a reckless speculative extreme, in the same way our generation uses “1929” and “2000.”

So just how far does Hussman think the market could ultimately fall?

Well, he believes that stock prices would have to drop 65 to 70 percent just to get back to historical norms…

Understand how extreme current valuations have become. In order to simply touch run-of-the-mill historical valuation norms, the S&P 500 would have to lose somewhere in the range of 65-70% over the completion of this cycle.

Stock prices always, always, always get back to their historical averages eventually.

It is just a matter of time.

However, we should hope that a stock market crash can be put off for as long as possible because a truly catastrophic stock market crash would cause far more economic pain than we have experienced so far.

Our system simply would not be able to handle a decline of 50 percent or more in stock prices.  It would essentially mean the end of our financial system as we know it today, and that is something that nobody should want.

The good news is that I do not expect a stock market crash within the next 30 days unless some sort of major “trigger event” comes along.

Stocks may go down, but for the moment I expect at least a short-term period of relative stability.

But that short-term period of relative stability will not last very long at all, and I fully expect 2021 as a whole to be a very, very painful year.

***Michael’s new book entitled “Lost Prophecies Of The Future Of America” is now available in paperback and for the Kindle on Amazon.***

About the Author: My name is Michael Snyder and my brand new book entitled “Lost Prophecies Of The Future Of America” is now available on Amazon.com.  In addition to my new book, I have written four others that are available on Amazon.com including The Beginning Of The EndGet Prepared Now, and Living A Life That Really Matters. (#CommissionsEarned)  By purchasing the books you help to support the work that my wife and I are doing, and by giving it to others you help to multiply the impact that we are having on people all over the globe.  I have published thousands of articles on The Economic Collapse BlogEnd Of The American Dream, and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe.  I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article.  The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial, or health decisions.  I encourage you to follow me on social media on FacebookTwitter, and Parler, and anyway that you can share these articles with others is a great help.  During these very challenging times, people will need hope more than ever before, and it is our goal to share the gospel of Jesus Christ with as many people as we possibly can.

The post Experts Are Warning That A U.S. Stock Market Crash Is Very Likely In The Months Ahead first appeared on SHTF Plan – When It Hits The Fan, Don’t Say We Didn’t Warn You.

Share
Categories
abuse Capitalism control CORRUPTION covid economic Fraud fraudulent free market government is the problem Headline News Health Hoax Intelwars lockdowns myth of authority politically connected scamdemic taxation is theft UNITED KINGDOM wake up waste

New Exposé Shows UK’s COVID Response was Rife with Corruption and Cronyism

This article was originally published by Brad Polumbo at The Foundation For Economic Freedom. 

The United States government’s COVID-19 policy response has proven rife with waste, fraud, and abuse at every turn. From $10 million for gender programs in Pakistan being tied to a COVID relief bill to the expanded unemployment system’s runaway corruption by fraudsters, American pandemic governance in 2020 has seemed like a never-ending cycle of fiscal irresponsibility.

Yet a new exposé by the New York Times shows that the fraudulent and flawed nature of the US’s COVID response is not an outlier by any stretch.

According to the new investigative reporting, the United Kingdom’s COVID response was riddled with cronyism and corruption. The Times analyzed roughly 1,200 government contracts, worth $22 billion in sum, that were dolled out for Personal Protective Equipment (PPE) and other pandemic-related purchases during the immediate aftermath of the outbreak. At least $11 billion—nearly half—went to suspicious contractors.

Roughly $5 billion went to companies with a clear connection to a politician. Nearly $6 billion went to companies with no prior experience in the goods they were contracted to produce, including jewelers, and fashion designers. And more than $5 billion was given to companies with controversial pasts including alleged tax evasion, allegations of human rights violations, and more.

The below graphic from the Times sums up this suspect spending well.

Image Credit: New York Times

Not all of this was necessarily fraudulent or corrupt—but a lot of it sure must be. And this just represents a small slice of the total waste. Many of the contracts that were doled out actually couldn’t be viewed by the Times because the UK government is eschewing normal transparency requirements.

The details get even worse.

House of Lords member Paul Deighton was put in charge of PPE and “helped the government award billions of dollars in contracts—including hundreds of millions to several companies where he has financial interests or personal connections,” the Times reports. The government also created a “VIP lane” that allowed companies recommended by government officials to get fast-tracked contracts that were 10 times more likely to be approved.

The Times notes that “there is no evidence to suggest that government officials were engaged in illegal conduct… but there is ample evidence of cronyism, waste and poor due diligence.” This corrupt government approach stands in stark contrast to how goods are distributed by the market.

In a free market, millions of customers make buying decisions based on their personal appraisal of costs and benefits. So, the overall market outcome is determined by widely dispersed decision-making. This makes it much harder for any one corporation or special interest group to rig a sweetheart deal.

Government officials, however, are not spending their own money, nor are they spending it on themselves. This means that their decisions regarding who gets what are less driven by economic factors and more driven by political factors. What’s more, large government contracts are often determined by a relatively small number of people relative to the free market.

Together, these conditions make corruption and favoritism, also known as cronyism, inevitable.

“Cronyism is the substitution of political influence for free markets,” Mercatus Center economist David R. Henderson explains. “It comes about when the government has a lot of power over private-sector decisions and when the government officials in power have great discretion over how to use it.”

“The more power the government has over the economy, the more allocation of resources will depend on political connections,” he concludes. “The way to eliminate cronyism is to have free markets and little government control.”

As we can see, the British government’s horrific misuse of taxpayer funds is not a one-off incident caused by particularly bad actors or some especially corrupt group of politicians. Rather, it’s just another example of the endemic favoritism and waste that inevitably corrupts all government spending.

The reality is that big government initiatives will always end up funneling money to the well-off and well-connected. And that’s a lesson worth remembering long after the COVID-19 pandemic fades.

The post New Exposé Shows UK’s COVID Response was Rife with Corruption and Cronyism first appeared on SHTF Plan – When It Hits The Fan, Don’t Say We Didn’t Warn You.

Share
Categories
Americans banker puppet chaos Commodities dollar crash Dollar Destruction Donald Trump Doug Casey economic elections Emergency Preparedness experts Federal Reserve fiat currency Financial Forecasting Headline News Indoctrination Intelwars left-right paradigm livelihoods lives Money Creation nasty and chaotic Precious Metals Silver Social Stocks United States Youtube

Think It’s Bad Now? “It Doesn’t Matter Who Wins, The Dollar Is Going To Be DESTROYED!”

In an interview with SGT Report, Doug Casey explains that we’re in the midst of the “greater depression” and the real chaos, both societal and economic, is dead ahead.  If we think things are bad now, just wait until after the election, because “it doesn’t matter who wins, the dollar is going to be destroyed!”

Most of our readers already understand the dollar is being destroyed and it’s being done on purpose by the Federal Reserve to bring on their new fully centralized, unbacked, digital dollar, which will be a system of complete control and enslavement. When the dollar finally falls for good, things will get so chaotic, it’ll be unimaginable. Casey says we’ll see financial chaos, economic chaos, and societal chaos.

This is not a matter of if the dollar will crash, but a matter of when, it won’t make any difference who is chosen to be the next banker puppet (president) when that finally happens.

Casey says that gold is still one of the best ways to protect your wealth.  Preparedness will help you get through the chaos of a destroyed dollar.  Most people won’t know what’s coming, but those who have precious metals will have a better chance of getting through.  Silver is a “high tech industrial element” and could end up being in high demand.  Casey predicts silver will of over $50 per ounce.

These next few years are going to be chaotic.  But you can try to become as wealthy as you can to insulate yourself from the chaos. Casey says old and silver are the best way to do that.

SGT Report asks Casey about the democrats destroying the dollar and Donald Trump swooping in as a savior and returning us to sound money. Casey says: “Well, I wouldn’t plan my life around Trump doing anything that’s terribly intelligent economically, although I very much appreciate his efforts to deregulate the economy and fighting against the deep state.”  Casey then says he doesn’t necessarily think Trump will win.

As we’ve stated before, presidents are chosen, and if Trump can give the Federal Reserve what they want, and as long as he won’t stand in the way of their destruction of the current system as we know it,  he will be reelected. The economy is going to get much worse by the time the election comes, and that will weih heavily on voters.

Both sides will be cheating, and “I’d gear up for stormy weather,” says Casey of these times leading up to election.

The post Think It’s Bad Now? “It Doesn’t Matter Who Wins, The Dollar Is Going To Be DESTROYED!” first appeared on SHTF Plan – When It Hits The Fan, Don't Say We Didn't Warn You.

Share
Categories
balance sheets Coronavirus crash Diversification economic Headline News History Intelwars Market Crash public markets Purchasing Power Recession scamdemic system collapse The Dollar

MARKET CRASH: Your Blood Will RUN COLD!

This article was contributed by James Davis with Future Money Trends. 

Nothing stays idle, but especially not these kinds of markets, WHERE THEY presently stand.

The Coronavirus has, from an economic perspective, TRIMMED THE FAT, leaving the S&P 500, NASDAQ and Dow Jones indices in their MOST CONCENTRATED stance ever!

Never in the history of the public markets have so few companies been so valuable, compared with the whole range of them.

This phenomenon is referred to as low MARKET BREADTH and it is best shown in the A/D line, which is short for Advance/Decline line.

The line basically measures HOW MANY component companies are shrinking in terms of market cap, versus how many GROW THEIRS in any given time.

Courtesy: Zerohedge.com

 

Just in the PAST FEW DAYS, it was plain to see how these performances of 495 components of the index behave, as opposed to the BIG FIVE – this is the divergence on FULL DISPLAY.

History doesn’t tell a bullish story on what comes after such RARE DISPARITY, since it mostly happens right before the biggest market tops of our times – but I HAVE MY DOUBTS this time.

We must consider the circumstances in which we find ourselves and remain OPEN TO THE POSSIBILITY that we’ve never entered a recession when leverage was this low, as in this case.

In recessions, there’s typically a BLATANT MISMANAGEMENT of the balance sheets in one or more industries. Clearly, this time around, there was very little of that.

The banking sector, for example, wasn’t leveraged whatsoever. Banks didn’t even REQUIRE A BAILOUT.

This is important, since it means the banks aren’t RUSHING TO DELEVERAGE, and they’re able to renegotiate terms of payment for borrowers, even delaying payment altogether.

Think of the number of people who will now have a POSITIVE EXPERIENCE with their bank – it will CARRY WEIGHT and allow millennials to feel safe and HAVE TRUST in their next few dealings with the banks, just as they want to BUY HOMES.

Courtesy: Zerohedge.com

In 2020, I’ve personally invested more funds in real estate than ever before. Since the Covid-19 outbreak, with many real estate segments ON THE HOOK, such as office buildings, parking lots, casinos and hotels, malls and recreational parks, the number of opportunities one can access IS MASSIVE.

Debt on notes is ranging 8% to 10% and with all these funds CHASING FEWER DEALS, multifamily complexes that are collecting rents in states less hard-hit, as well as companies constructing single-family homes in suburbs, the Return-On-Equity could yield 12%-16%, comprised of 6% cash flow and 10% appreciation.

This money is INCREASING in VELOCITY.

I have my doubts on whether or not the economy is in a “W”-shaped recovery, with a second recession underway, as many predict.

For that reason, I cherish diversification and implement ways of GENERATING RETURNS in private equity, which doesn’t fluctuate as much as the public markets do.

No one has all the right answers, but what we do see, by speaking with large funds and CEOs, is that there’s AVAILABILITY TO CREDIT.

To me, this means, first and foremost, that the worst is behind us. There’s trust and trust is the FIRST STEP towards better days.

Markets won’t stay here. 495 businesses will either recover, sending the index MUCH HIGHER, or they won’t, in which case the BIG FIVE won’t be able to carry the weight for long.

The post MARKET CRASH: Your Blood Will RUN COLD! first appeared on SHTF Plan – When It Hits The Fan, Don't Say We Didn't Warn You.

Share
Categories
Americans are slaves COIVD-19 destroy the dollar Destruction economic Economy Federal Reserve Headline News Intelwars Kenysian LIES lockdown New World Order order followers Paul Krugman Politicians POVERTY propaganda puppets ruling class tyranny

Government Warning: “One Way Or Another, The Economy Is Going To Lockdown Again”

The ruling class has been warning us what’s coming, and still few are listening. Paul Krugman, infamous Kenysian even said: “one way or another, the economy is going to lockdown again.” That’s not a threat either. Rest assured, that’s a promise.

The elitists who use the puppets in the ruling class have been advertising their moves for a long time. Take Krugman’s promise, for example. “One way or another, the economy is going to lock down again,” he said on Tuesday night.  This is exactly what’s needed for the New World Order. They must fully decimate what’s left of the economy and kill the dollar to force everyone onto a one-world digital currency and universal basic income.

Ready For The “Third Wave?” They Are Starting The Propaganda For It NOW

FedCoin: A New Scheme for Tyranny and Poverty

Don’t want the COVID shot?  No money. Don’t want the flu shot? Can’t buy food. This is getting painfully obvious yet people are STILL in complete compliance mode and have acted as the perfect slaves for these psychopaths.

“This is where we’ve gotten to,” the noted economist lamented to CNN’s Don Lemon. “We squandered the chance to actually bring this thing (the coronavirus) under control,” he said, pointing to the premature reopening of states, which the propagandists need you to believe led to a “devastating resurgence of COVID-19.”

Krugman predicted a new lockdown would come about either “because governors and hopefully the president finally says ‘OK, we screwed it up, we need to do it over again’ or just because people are too afraid” to go out and resume business as usual. Did you catch that? They are literally telling us they need us to be afraid. Do these psychos actually feed on fear? Probably. It sure seems like it. The more terrified you are, the easier it will be to control you and the more egregious tyranny you’ll accept.

The Science of Fear: How The Elitists Use it to Control Us & How to Break Free

We are under full tyranny, and it’s getting worse by the day. Those who think “insurrection” is wrong, I implore you to use critical thinking for only a half a second and try to figure out how this entire country was formed in the first place. It certainly wasn’t by following the orders of anyone claiming to have power over others.

Wake up. Stock up on food because this autumn, things will start to unravel.

“When tyranny becomes lawrebellion becomes duty.-Thomas Jefferson. 

 

Share
Categories
Agents Changes chicago class war economic Environment Headline News Illinois Intelwars pandemic Race War Real Estate rural san francisco Suburban United States wealthy

As U.S. Cities Crumble, Demand For Rural And Suburban Properties Is Soaring

This article was originally published by Michael Snyder at the End of the American Dream.

This represents a major shift because prior to 2020 we had seen a tremendous boom in real estate prices in large cities such as New York, San Francisco, and Seattle.  Now a lot of those buyers have become very motivated sellers, but there just isn’t a lot of demand for tremendously overpriced homes in core urban areas that are currently being torn to pieces by rioters.

Meanwhile, prices for rural and suburban homes are being pushed up as an increasing number of Americans seek to get away from the major cities.

At first, it was the coronavirus pandemic that was the primary reason why so many people wanted to move.  According to Redfin, page views for homes in rural communities and small towns were way, way up in March as the virus began to spread aggressively in the United States…

A report from Redfin (NASDAQ: RDFN) highlights this trend, showing that by late March, the seven-day average change in page views of homes in rural and small towns was up 115% and 88%, respectively.

Of course, now the worst civil unrest in decades has been added to the equation, and this has caused even more city dwellers to consider a change in residence.  In fact, one poll found that approximately 40 percent of all city dwellers “are considering leaving”…

A recent Harris Poll found that more than 3 in 10 people in America say the pandemic makes them want to live in a rural area. And, 1 in 4 now want to live in a suburb exterior to a major city. In a separate Harris Poll, it was found that nearly 40% of city dwellers are considering leaving the city due to the pandemic.

Unfortunately, not everyone will be able to move.  In an economic environment where more than 42 million Americans have already lost their jobs, many people will be doing all that they can to cling to the jobs that they still have.

But for those with the liberty to live wherever they want, this is an opportunity to make a dramatic change.

At this point, even urban real estate markets that were once red hot like San Francisco appear to be cooling off in a major way

Amid the depths of a global pandemic and financial downturn, the demand for real estate is unexpectedly rocketing in wealthy regions outside San Francisco, reports Bloomberg. Agents say that demand is soaring in affluent areas around the Bay Area such as Napa, Marin and further afield in Carmel, as people who have the means look to get away from the city. Meanwhile, the market in San Francisco and Alameda County is still well below where it was last year.

Elsewhere, Lake Tahoe has also seen a surge in real estate interest. The prospect of living out of the city on an alpine lake while maintaining a career is appealing for a new generation of young buyers, as many tech companies have signaled that remote work may be the new norm for a long time.

During the good times, our big cities had a lot to offer.

But now, many city dwellers have become completely convinced that their communities are simply no longer safe places to live.

Just look at what is happening in Chicago.  The last day in May was “the deadliest day” that the city had seen “since at least 1961?…

The city of Chicago notched a grim milestone last weekend, as 18 people were murdered on Sunday, May 31 alone, marking the deadliest day in the city since at least 1961.

The University of Chicago Crime Lab’s numbers do not go back further than 1961, so it’s impossible to say how long it’s been — if ever — since so many people were murdered in the city one 24-hour stretch.

We have come to expect a very high level of violence in Chicago, but one local expert says that the number of murders on that particular Sunday was “beyond anything that we’ve ever seen before”

“We’ve never seen anything like it, at all,” the crime lab’s senior research director, Max Kapustin, told the newspaper. “I don’t even know how to put it into context. It’s beyond anything that we’ve ever seen before.”

Chicago’s next most violent day was Aug. 4, 1991, when 13 murders were recorded.

At one time, America’s beautiful shining cities were the envy of the entire planet.

But now thousands of retail outlets have been boarded up, homelessness is absolutely exploding, and it looks like there will be much more rioting, looting, and violence in the months ahead.

I have been writing about the plight of our major cities for many years, and even though I have been relentlessly warning that this was coming, it doesn’t make it any less sad.

I have really been feeling so sad lately.  Things didn’t have to turn out this way for America, but our choices have consequences, and we have been making really bad choices for decades.

Ultimately, I am quite glad that I was able to get away from the big cities when I did, and countless other Americans have made the exact same choice.

Now we are potentially facing a mass exodus from the major cities in the months ahead, and that will likely drive real estate prices in the most desirable small towns and rural communities through the roof.

Those that are wealthy will be able to afford such prices, but many others may find themselves completely priced out of the market and unable to relocate.

About the Author: I am a voice crying out for change in a society that generally seems content to stay asleep. My name is Michael Snyder and I am the publisher of The Economic Collapse BlogEnd Of The American Dream, and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe. I have written four books that are available on Amazon.com including The Beginning Of The EndGet Prepared Now, and Living A Life That Really Matters. (#CommissionsEarned) By purchasing those books you help to support my work. I always freely and happily allow others to republish my articles on their own websites, but due to government regulations, I need those that republish my articles to include this “About the Author” section with each article. In order to comply with those government regulations, I need to tell you that the controversial opinions in this article are mine alone and do not necessarily reflect the views of the websites where my work is republished. The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial, or health decisions. Those responding to this article by making comments are solely responsible for their viewpoints, and those viewpoints do not necessarily represent the viewpoints of Michael Snyder or the operators of the websites where my work is republished. I encourage you to follow me on social media on Facebook and Twitter, and any way that you can share these articles with others is a great help.  During these very challenging times, people will need hope more than ever before, and it is our goal to share the gospel of Jesus Christ with all many people as we possibly can.

Share
Categories
Businesses economic Economic Crisis Intelwars

As Businesses Flee The Violence, Will Major U.S. Cities Be Transformed Into Economic Wastelands?

Urban communities all over the U.S. are now facing the possibility of a mass exodus of businesses, and many local leaders are freaking out because they realize what such a mass exodus will mean for their cities.  In the aftermath of George Floyd’s death, peaceful protests were held in more than 300 cities all across America, and a recent CNN poll found that 84 percent of all Americans supported those peaceful protests.  Unfortunately, rioting, looting and violence also erupted in major cities from coast to coast, and very little was done to suppress that violence.  As a result, the core areas of many of our largest cities now resemble war zones, and in the months ahead there will be a constant threat that the violence could flare up again at any time.

Needless to say, many businesses that have been torched or looted are going to be extremely hesitant to rebuild and start over in the same location when the same thing could easily happen again.

For example, one manufacturing company that proudly operated in the heart of Minneapolis for a long time has already made the decision to leave the city for good

The owner of a manufacturing company based in Minneapolis has decided to move his factory after law enforcement was unable to protect the plant from burning during riots.

The plant shut down early in anticipation of the second night of riots and to ensure the safety of employees, the Minneapolis Star Tribune reported. President and Owner of 7-Sigma Inc. Kris Wyrobek said a production supervisor and maintenance worker who live near the plant kept watch over the business and reported a fire at an apartment complex next door.

And in Chicago, Mayor Lori Lightfoot is saying that it will require a “Herculean effort” to prevent a mass exodus of businesses from happening…

Chicago Mayor Lori Lightfoot said it would take a “Herculean effort” to keep businesses open in disadvantaged neighborhoods after looting and damage that occurred during the first weekend of protests following the death of George Floyd.

“I’ve been on calls and text messages with people all day who fought hard to bring economic development to areas of the city, only to see the Walgreens, the CVS, the grocery store, everything vanish in an eye blink,” Lightfoot said on a May 31 call with distraught aldermen. “It’s going to take a Herculean effort on the part of all of us to convince businesses not to disappear, to come back. We’re prepared to fight that fight.”

Perhaps if a “Herculean effort” had been made to prevent the violence from happening in the first place, Chicago and other major cities would not be facing such a crisis today.

And many of the businesses that will remain open in the heart of our major cities will now look a whole lot different than they did before.

In Manhattan, the Saks Fifth Avenue store now closely resembles the U.S. embassy in Baghdad

The Saks Fifth Avenue flagship store in Manhattan is now lined with barbed wire fencing and attack dogs amid weeks of social unrest in the city.

Reuters says the luxury retailer hired a third-party security firm to protect the store and associates. Amid these unprecedented times, it was found necessary to line the store with chainlink fencing with barb wire on top and private security guards with attack dogs.

Of course most other stores in New York City did not take such precautions, and many of them got absolutely gutted as a result.

Thankfully, the violence has subsided in recent days, but chaos continues to reign in some of our biggest cities.

For example, a radical group of protesters has literally taken over a large chunk of downtown Seattle and has dubbed it the “Capitol Hill Autonomous Zone”

As protesters around the country demand that cities defund their police departments, one group of demonstrators in Seattle is out to prove they don’t need the law enforcement officers.

On Tuesday night, protesters from what is now known as the “Capitol Hill Autonomous Zone” (CHAZ) were joined by other demonstrators as they briefly occupied Seattle’s City Hall. Speakers called for the resignation of Mayor Jenny Durkan and the defunding of the Seattle Police Department before leaving the building about 1 a.m., chanting “defund SPD” as they returned to the zone.

In this “autonomous zone”, demonstrators are passing out free food to everyone and they want to show the world that society actually doesn’t need any police.

I am sure that their “utopia” will be fun for a few days, but soon they will run out of money to feed everyone and it will be very interesting to watch how they handle any serious crimes that start to happen.

Meanwhile, angry protesters all over the nation continue to attack statues, monuments and other political symbols.  In fact, in one part of California there have been several incidents where American flags have been set on fire

Police are investigating a string of arsons, targeting Citrus Heights homes with American flags on display.

At least four homes were targeted in the Sungarden neighborhood early Saturday morning. So far, police say they don’t know the motive.

A charred pole is all that’s left of the American Flag that had been flying outside Marie Nuzzi’s home.

Hopefully things will start to cool down for a while, but everyone knows that another round of senseless violence could be sparked at any moment.

Yes, some businesses will stick it out and risk being torched or looted again, but many others will leave our major cities and never look back.

In the end, this could create a new cycle of crushing inner city poverty all over America, and that is something that none of us should want to see.

About the Author: I am a voice crying out for change in a society that generally seems content to stay asleep. My name is Michael Snyder and I am the publisher of The Economic Collapse BlogEnd Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe. I have written four books that are available on Amazon.com including The Beginning Of The EndGet Prepared Now, and Living A Life That Really Matters. (#CommissionsEarned) By purchasing those books you help to support my work. I always freely and happily allow others to republish my articles on their own websites, but due to government regulations I need those that republish my articles to include this “About the Author” section with each article. In order to comply with those government regulations, I need to tell you that the controversial opinions in this article are mine alone and do not necessarily reflect the views of the websites where my work is republished. The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions. Those responding to this article by making comments are solely responsible for their viewpoints, and those viewpoints do not necessarily represent the viewpoints of Michael Snyder or the operators of the websites where my work is republished. I encourage you to follow me on social media on Facebook and Twitter, and any way that you can share these articles with others is a great help.  During these very challenging times, people will need hope more than ever before, and it is our goal to share the gospel of Jesus Christ with all many people as we possibly can.

Share
Categories
Central Banks competition counter fitters CRISIS Debt Dollar economic Federal Reserve Headline News Intelwars Jerome Powell layoffs Reserve Currency Struggling Thieves weaponized dollar

DEBT OVERHANG: Funeral Directors – FED CROSSED RED LINES!

This article was contributed by Tom Beck of Portfolio Wealth Global. 

The U.S. dollar is, WITHOUT A DOUBT, a weapon at this point. The Federal Reserve uses it to PROP UP American businesses, mostly with the thought in mind that ANYTHING IS BETTER than seeing a debt deflation.

It’s true; a debt-deflation would lead to riots ONE HUNDRED TIMES worse than the ones you’re currently seeing. A debt deflation would lead to MARTIAL LAW, to curfews, to ROBBED ATM machines, to a WORLD OF PAIN, so you know the central bank cannot let this happen.

In the movie The Godfather, the head of the family Michael Corleone is confronted by his wife and mother of his children, Katherine “Kay” Corleone, saying she doesn’t love him and that she wants to take his children from his house and raise them on her own. He tells her that “He will use all of his resources and power to stop that.” It’s a powerful scene.

To Jerome Powell, a debt deflation is what taking children from their father is to Al Pacino’s character. He will turn heaven and earth before he lets it happen.

Courtesy: Zerohedge.com

This is the reason the system IS BROKEN. It can’t undergo recessions and slowdowns; TOO MUCH DEBT allows it to work only in boom times.

The world is too divided to DECIDE ON a new monetary structure, so when China finally HAS ENOUGH of American currency dominance, THE SEPARATION will be like an earthquake.

My analysis doesn’t show the Yuan becoming the new reserve currency, but that China will be able to persuade ITS BLOCK OF COUNTRIES – which give more of their allegiance to China than they do to the U.S. – to trade in a basket of Chinese-led currencies/commodities.

The dollar will NOT CEASE being the world reserve currency, but it will have competition.

As can be seen above, the number of bankruptcies IS INCREASING; no doubt Covid-19’s economic damage has been PAPERED OVER, but you can’t bail out everyone – it’s NOT POSSIBLE.

This will put additional pressure on government and central banks – more stimulus packages WILL FOLLOW.

Courtesy: Zerohedge.com

This crisis has hit both the young and the elderly, FINANCIALLY SPEAKING (check it above).

It mostly hurt the ALREADY-STRUGGLING, who are laid off more quickly since they’re replaceable. And if a competitor recruits them, it doesn’t create long-lasting damage.

For America, Covid-19 will be remembered as the crisis in which the Federal Reserve showed what it means to be ALL-IN, and I believe this will change how investors view future crises.

The reason I say that is because from now on, the focus will no longer be on the Federal Reserve, but on the DEBT OVERHANG that its programs create. It will be considered a given that the central bank fixes market issues, but the debate will revolve around the unintended consequences of their policies.

Central banks have entered a NEW ERA. They will need to prove that their actions don’t create UNSOLVABLE problems for countries.

Everyone understands now that central banks simply print currency; nothing fancy about it… they are just COUNTERFEITERS WITH A LICENSE.

EXCLUSIVE REPORTS, Featured In This Article and in Others, Which Are Considered ESSENTIAL READING:
1. Gold Investing – DOWNLOAD HERE!
2. Trump’s War with Mainstream Media – DOWNLOAD HERE!
3. Covid-19 Round2 Sell-Off Playbook – DOWNLOAD HERE!
4. Why The Dollar Is Dead – DOWNLOAD HERE!
Share
Categories
debt based system Dollar economic Economy experts Federal Reserve Forecasting Gold Headline News Intelwars low-income Precious Metals recovery Silver stimulus system Workers

LOWER YOUR GUNS: Markets Rally – SILVER DECOUPLES HIGHER!

This article was contributed by James Davis at Future Money Trends. 

On Monday, gold’s spot price hit $1,777, which puts it just 9% away from the 2011 all-time highs. Silver was NEAR hitting $18/ounce, all of which was happening while (1) markets were soaring and (2) while the dollar didn’t show signs of weakness.

Some countries, especially warmer weather ones that are opening up while asking citizens to (A) wear masks, (B) wash hands frequently, (C) stay physically distanced from others by a few steps, and (D) stay mostly outside, are showing that COVID-19 isn’t SPREADING LIKE WILDFIRE.

In fact, some are reporting the doubling rate to be in YEARS – not days, weeks, or months, but YEARS.

Will the majority of people still take the vaccine when offered? YES. Sheep will be sheep, unfortunately. Will the majority believe that quarantines were the game-changing solution? YES. Most don’t understand that authorities are OVER-COUNTING and that by simply avoiding settings of large groups, such as choirs and sporting events, we can get back to normal with a few exceptions.

Courtesy: Zerohedge.com

Economically speaking, it is now known that LOW-INCOME workers were hit the worst. In the U.S., for example, about 40% of those earning $40K and below WERE SACKED.

The working thesis is that both the government and the Federal Reserve are better off FUNDING AND FLOATING these businesses and households that face an AVOIDABLE INSOLVENCY for a few months longer so that they can get back on their feet without the hassles that come with a bankruptcy or default.

Chairman Jerome Powell literally said these words on 60 Minutes this week, which means that both the central bank and the government UNDERSTAND THE IMPORTANCE of restoring confidence, a topic that I highlighted just this past Sunday!

In our opinion, the Federal Reserve ISN’T DONE lending. It isn’t done buying ETFs, stocks, or bonds, and it has MUCH MORE in store.

The government, in our opinion, isn’t DONE EITHER with its fiscal programs.

In an election year, it is Trump’s INCENTIVE to take victory laps on the SURGING MARKETS, swift recovery, and resumption of normalcy.

Courtesy: Zerohedge.com

As you can see, it is IMPERATIVE that America gets back on its feet!

Notice that in all of these cases above – the Great Depression (which this is NOT), WW2 (which this is nowhere near being), and 2008 (which was a different kind of crisis) – gold underwent a MASSIVE SURGE in price:

  1. 1934: President Roosevelt famously devalues the dollar relative to gold from $20 to $35 per ounce AFTER CONFISCATING it. This represents a 75% move.
  2. 1944: The Bretton Woods Agreement pegs the dollar to gold at a ratio of $35 per ounce, which Washington defaults on, creating a 2,400% move in the 1970s.
  3. 2008: Gold rallies to an all-time high by September 2011 of $1,930 INTRA-DAY.

Right now, gold is KING.

Notice that the dollar isn’t LOSING GROUND and Jerome Powell is adamant that negative rates aren’t coming to America and the dollar will remain the best fiat currency.

I tell you this because if gold can gain another 9% and SURPASS ITS 2011 HIGH, it will be all she wrote for fiat currencies.

Courtesy: Zerohedge.com

The SPIGOTS ARE TURNED ON!

The very reasonable idea that we should all help each other during these times JUSTIFIES a record amount of stimulus.

Gold stocks continue to hit new 52-week highs, fresh 5-year highs, and some are already trading at ALL-TIME HIGHS.

The majors look SOLID and the juniors are NEXT!

EXCLUSIVE REPORTS, Featured In This Article and in Others, Which Are Considered ESSENTIAL READING:
1. Gold Investing – DOWNLOAD HERE!
2. Trump’s War with Mainstream Media – DOWNLOAD HERE!
3. Covid-19 Round2 Sell-Off Playbook – DOWNLOAD HERE!
4. Why The Dollar Is Dead – DOWNLOAD HERE!
Share
Categories
bread lines collapse control Coronavirus Debt Draconian economic economic crash economic depression Employees Fear food lines Headline News Intelwars it is up to us LIES mainstream media propaganda Neiman Marus pandemic panic power over people reopen business Retailers stand up tyranny unemployed using fear we can end the lockdown

Killed By The Coronavirus Lockdowns: 1000s Of U.S. Businesses That Were Shut Down Will Be Closed Permanently

This article was originally published by Michael Snyder at The Economic Collapse Blog.

This economic downturn is turning out to be far deeper and far more severe than most experts were originally anticipating.  More than 22 million Americans have filed claims for unemployment benefits, and economists are telling us that the U.S. economy is contracting at the fastest rate that we have seen since the Second World War.

We are already starting to see some high profile companies move toward bankruptcy, but the real story is what is happening to thousands upon thousands of small and mid-size businesses because of the lockdowns.  Many of them were barely surviving even before this pandemic, and now these lockdowns have delivered a death blow.

The restaurant industry is a perfect example.  Prior to the pandemic, there were more than a million restaurants in the United States, and about half of them were independent.  Those independent restaurants employed approximately 11 million workers, and now the vast majority of those workers have been laid off.

Once the lockdowns are over, it would be wonderful if all of those independent restaurants would spring back to life, but the results of a recent survey suggest that simply is not going to happen.  In fact, that survey found that 28 percent of all independent restaurants are probably not going to survive if the lockdowns last for another month…

A survey released Thursday by the James Beard Association found independent restaurants laid off 91% of their hourly employees and nearly 70% of salaried employees as of April 13 – double-digit increases in both categories since March. The poll of 1,400 small and independent restaurants found 38% of have closed temporarily or permanently, and 77% have seen their sales drop in half or worse.

Perhaps most troubling: 28% of restaurants said they don’t believe they can survive another month of closure, and only 1 out of 5 are certain they can sustain their businesses until normal operations can resume.

28 percent of 500,000 is 140,000, and so if these lockdowns are not lifted soon we could be facing a scenario is which tens of thousands of independent restaurants are lost forever.

Of course, a lot of restaurants that do reopen will face a really tough struggle because the fear of the coronavirus is going to keep customers away for the foreseeable future.  So even if all of the lockdowns were lifted tomorrow, the restaurant industry would still not fully recover.

Sadly, the same could be said for the fitness industry.  In fact, we just learned that one of the biggest fitness chains in the nation is getting ready to file for bankruptcy

Gym chain 24 Hour Fitness is working with advisors at investment bank Lazard and law firm Weil, Gotshal & Manges to weigh options including a bankruptcy that could come as soon as the next few months, people familiar with the matter tell CNBC.

The chain is grappling with a heavy debt load, deteriorating performance and a coronavirus pandemic that forced it to shut its more than 400 clubs.

Yes, a certain segment of the population is quite eager to resume all of their normal pre-pandemic activities, but even a 20 or 30 percent drop off in revenue will be fatal for many gyms.

And the truth is that a lot of people are simply not going to be in the mood to share exercise equipment with others for a long time to come.

The entertainment, tourism, and retail industries have also been hit extremely hard by this pandemic.  The other day I was quite stunned when I learned that Neiman Marcus “is reportedly ready to file bankruptcy”

Neiman Marcus Group, one of the largest retailers in the United States, is reportedly ready to file bankruptcy amid the COVD-19 pandemic after defaulting millions in bond payments last week and furloughing 14,000 employees.

Neiman Marcus would become the first major US department store to crumble amidst the economic set backs from the coronavirus outbreak.

No, things are definitely not going to be returning to “normal” in America, and there will be a lot more big corporate names among the victims in the days to come.

At this point, even some of the most prominent corporations in the entire country are “indefinitely” sidelining their workers

Indefinite furloughs began this weekend for more than 100,000 Disney, Best Buy and CarMax workers as businesses make cuts to survive the coronavirus pandemic and subsequent mandatory closures.

But most Americans are not in any position to handle “indefinite furloughs”.

In fact, one survey discovered that a whopping 50 percent of all Americans will run through their savings “by the end of April”

One of the largest concerns on most homeowners minds right now is how they are going to pay bills — specifically their monthly mortgage payments. 50% of Americans reported their savings will run out by the end of April. Prior to the COVID-19 outbreak, 30% of homeowners had less than $1,000 in an emergency fund, with 22% reporting they didn’t have enough in savings to cover their mortgage payment for one month.

Just like during the last recession, countless numbers of Americans will go from living a comfortable middle-class lifestyle to being desperately needy in just a matter of weeks.

I have been writing a lot about the absolutely massive lines that we have been seeing at food banks all over the nation, and we just witnessed another example in Miami.  In one of the wealthiest areas of the entire city, vehicles were lined up for a mile as people waited patiently to receive handouts from a local food bank…

Talk about a Norman Rockwell painting idea come to life — a parade of cars filled with hungry people in Miami … smack dab in the middle of two of the city’s ritziest hotels.

Check out this surreal scene down in Miami Beach, where a MILE-long line of cars were arranged in a giant U-curve in between the W Hotel and Setai Hotel — two of MB’s most high-end go-to spots for celebrity out-of-towners … like Kim K, Justin Bieber and more.

You can see photos from that event right here, and if you look closely you will see that some of those vehicles are quite nice.

As I have warned so many times over the years if you don’t have any sort of a financial cushion you can “suddenly” find yourself in a whole lot of trouble when disaster finally strikes.

Unfortunately, we have now entered a time when there will be one crisis after another, and every new crisis will significantly escalate our woes.

For a very long time, there have been very loud warnings that our debt-fueled economic bubble would burst, and now it has happened.

The road ahead is going to be filled with immense pain, and most Americans are not going to be able to handle it.

About the Author: I am a voice crying out for change in a society that generally seems content to stay asleep. My name is Michael Snyder and I am the publisher of The Economic Collapse BlogEnd Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe. I have written four books that are available on Amazon.com including The Beginning Of The EndGet Prepared Now, and Living A Life That Really Matters. (#CommissionsEarned) By purchasing those books you help to support my work. I always freely and happily allow others to republish my articles on their own websites, but due to government regulations, I need those that republish my articles to include this “About the Author” section with each article. In order to comply with those government regulations, I need to tell you that the controversial opinions in this article are mine alone and do not necessarily reflect the views of the websites where my work is republished. The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions. Those responding to this article by making comments are solely responsible for their viewpoints, and those viewpoints do not necessarily represent the viewpoints of Michael Snyder or the operators of the websites where my work is republished. I encourage you to follow me on social media on Facebook and Twitter, and anyway that you can share these articles with others is a great help.  During these very challenging times, people will need hope more than ever before, and it is our goal to share the gospel of Jesus Christ with all many people as we possibly can.

Share
Categories
bailed out Balance sheet central bankers Commodities Coronavirus COVID-19 devastation Dollar economic experts Federal Reserve Forecasting global currency Government Great Depression Headline News Intelwars Jerome Powell Larry Kudlow Lender markets pandemic Riots saving lives The Fed United States Wars

WE’RE ALL FRIED: Powell Went Off-Grid – PRAY FOR MERCY!

This article was contributed by our friend Lior Gantz at the Wealth Research Group. 

When Larry Kudlow, President Trump’s economic advisor, said that the Federal Reserve still has the ULTIMATE BAZOOKA at its disposal a week ago, many speculated as to WHAT IN THE HELL he was talking about.

By the time he made that remark, the FED had already slashed rates to ZERO, buying TRILLIONS of dollars in bonds and mortgage-backed-securities, COMMITTED to loaning small businesses ADDITIONAL trillions of dollars and PROCLAIMED, on national TV, that it has an INFINITE AMOUNT of cash at its disposal. But a couple of days after Kudlow’s tease, this past Thursday, Jerome Powell UNLEASHED A H-BOMB upon the world.

There’s no going back from this.

On Thursday, the Federal Reserve began buying the bonds, graded as JUNK, and truly brought an end to the free-trading bonds markets. Risk isn’t priced in a NORMAL way any longer.

When a bank that is the world’s LENDER OF LAST RESORT has gone all-in, we’re no longer living under the same monetary and capitalistic roof we did before.

The Federal Reserve and the U.S. government have TAKEN A STAND that is of the following thought process: businesses, municipalities and individuals – indeed, the entire country, and for that matter, the entire globe – are NOT AT FAULT for getting caught off-guard by the pandemic. Therefore, there are NO BAD ACTORS and everyone should be MADE WHOLE, in Powell’s words.

Since this is hurting everyone, with no real way of pointing the finger to ERRONEOUS business practices, America’s politicians and central bankers REASON THAT the “greater good” (as they are calling it) is more important than PRESERVING the mechanics of PURE CAPITALISM.

Left alone, the market would have IMPLODED. Literally, if the FED hadn’t bailed out the sovereign bonds, the U.S. government would have been left without monies.

The world WOULD HAVE entered a spiraling depression, which would have been DESTABILIZING and may have led to wars, riots and years of DEVASTATION for all of us.

Instead, it MONETIZED debt. By simply increasing the dollar money supply, it injected all of the necessary amounts to keep markets alive, but the price to pay for this is NOT YET KNOWN and may end up being GREATER than the current predicament.

Experimental monetary policy is just that; the FED’s criminal-like actions will have LASTING IMPACT on the world for years to come, but we won’t know it until we can see it IN HINDSIGHT.

2008 QE programs and ZIRP led to excessive buyback programs, the INTENSIFICATION of the wealth gap in America, the rise of POPULISM, Brexit and many other UNFORESEEN events.

 

Courtesy: Zerohedge.com

Consumers are QUICKLY realizing that shutting down the ENTIRE ECONOMY, in response to the Covid-19 pandemic, is INDEED saving lives – but for each life saved, an ESTIMATED 1,200 jobs have been LOST.

As a society, we have decided that in this particular case, the price of not MITIGATING and not DISTANCING ourselves from others would be too great. Now, we’re facing the results of these decisions.

You can’t UNDO the cards that have ALREADY BEEN DEALT. When you decide to get into the mud, you’d better have an EXIT STRATEGY.

In this case, the decisions MADE BY POWELL this past week will historically be remembered as the ones that STARTED THE RESET.

The Federal Reserve doesn’t know WHICH WAY IS NORTH anymore.

As you know, the dollar isn’t a local currency at all. In total volume size, it comes out to about 62% of the global currency supply, and HALF of those dollars are BANKED outside the United States.

What the Federal Reserve does impacts ALL NATIONS. In contrast to what many think, we already have a GLOBAL CURRENCY, which is the dollar – it’s just not a one-world-currency.

I’m certain that China, Saudi Arabia, Russia, Germany and Japan have EXPRESSED their DISCONTENT with the Fed’s entrance into the JUNK bond market. The bank’s BALANCE SHEET is outrageous and puts us all in danger. For the first time, I believe that many question Jerome Powell’s capacity to handle this scenario.

Courtesy: Zerohedge.com

The above HOCKEY-STICK-shaped balance sheet expansion is, literally, ONLY THE BEGINNING. Their balance is going to hit $10T by the end of summer, at this pace.

I doubt, SERIOUSLY DOUBT, that in 10 years we will look back and JUSTIFY Powell’s performance as being APPROPRIATE.

The public has mostly LIQUIDATED its portfolios; we saw ENORMOUS selling volumes, so the working thesis is that the worst of the bloodbath is behind us. HOWEVER, if new UNKNOWN UNKNOWNS are introduced in the next two weeks, other investors, who don’t have the STAMINA to look at their equity crater AGAIN, will sell. So will others who are approaching retirement and no longer BUY INTO the V-shaped recovery model. This may result in TESTING THE MARCH 23RD lows again.

If that occurs, I will be buying certain companies, which have proven themselves to be DISPROPORTIONATELY mispriced in the recent sell-off.

This Tuesday, I’ll be revealing my PERSONAL SHOPPING LIST.

 

Share
Categories
Coronavirus Disaster dramatic economic Headline News horrific Intelwars Jerome Powell Market Crash Money Printing oil industry zero interest rates

TRUMP’S PEARL HARBOR: Corona Cataclysm – ECONOMIC 9/11!

This article has been contributed by our good friends at the Wealth Research Group. 

The Weight Of The World On His Shoulders

You will be able to wipe the floor with what’s going to be left of the markets, if a more REASONABLE and sensible way of dealing with coronavirus isn’t implemented, as soon as NOW!

Entire industries can CRUMBLE to dust. At this point, countries are essentially FORBIDDING and PROHIBITING businesses from making income.

When an entire country is being put under quarantine, how can ANY small business pull through?

Because tourism, commuting, shipping, air travel, and trucking are, de facto, HALTED, the energy sector has CRATERED to 15-yr lows!

Courtesy: ZeroHedge.com

The wave of defaults will be GIGANTIC, without federal assistance. The oil industry isn’t alone. There are hundreds of thousands of restaurants, hotels, entertainment venues, sports teams, and retail malls, which stand to lose a FORTUNE!

The Federal Reserve has already cut interest rates to make sure credit is available and that this doesn’t DRASTICALLY escalate into another 2008. I can tell you that in less than a week it will absolutely slash them, AGGRESSIVELY, once more.

We are in the midst and at the heart of the most terrible economic disaster of our lives.

Much more intimidating than the virus itself is the disruption corona has had and IS HAVING on commerce.

The response has been so DRAMATIC that I can’t imagine a RELIEF MASTERPLAN not being drafted, as we speak.

This could easily escalate to social upheavals since families are tapping into their savings and seeing their businesses DEMOLISHED and their portfolios OBLITERATED. People’s livelihoods, self-dignity, lifetime body of work and their future, are at risk.

Courtesy: ZeroHedge.com

Wall Street is demanding Powell take a SWORD and demolish the current interest rates down to zero. The S&P 500 already visited bear market territory and the Dow Jones is now down over 20%, as well as the Russell 2000 and the European equivalent of the S&P 500.

Many millions of people will not be able to quit their jobs and retire, as they’d hoped.

Many millions more will most likely be laid off or cut back.

This upcoming period will be horrific.

Not since the Dot.Com massacre of the NASDAQ have so many stocks gone down.

It really doesn’t matter which company it is; nothing has been immune to the virus and to the panic surrounding it.

Courtesy: ZeroHedge.com

This is the advance/decline graph for the New York Stock Exchange. In a healthy market, most stocks are heading higher. Right now, THE LION’S SHARE of them is going down. It’s a severe bear market.

Nothing is safe and I don’t think this is the end of it, unfortunately.

Not until the restrictions are relaxed, can any MATERIAL change of course occur.

Zero interest rates and government support might satisfy investors that there’s help coming, but nothing can replace an EMPTY MALL or a stadium without fans.

The boiling point is within 2-3 days; if this isn’t sorted out over the weekend, business-wise, we’ll see the sky falling.

Trump will not allow his crown jewel, unemployment numbers, to rise and for businesses to shrink its workforce that quickly. He will act; he has no choice, since, as you can see below, the odds are tilted in the Democrats’ favor.

Courtesy: ZeroHedge.com

Trump doesn’t have much time to turn this around. He knows that fiscal policies take time to implement and have an effect, so he’s going to put NON-STOP pressure on Jerome Powell to stimulate, as other central banks are doing.

He’s not going to leave him alone, even for a second.

Powell also knows that if he doesn’t comply, the public will certainly blame him for not listening to the President.

I don’t know if markets are enjoying the rivalry or if they want to see a unified front of leadership, but the end result is the same: the U.S. will have lower rates very soon.

The Chinese have started the miraculous return to normalcy in many parts of the country.

If the Chinese did it, others will mimic their success. The way I look at this, the global economy will soon rely much less on China.

Globalism might have peaked with Coronavirus.

 

 

Share
Categories
Coronavirus Donald Trump economic Intelwars payroll tax stimulus

President Trump to propose payroll tax cut, other financial relief amid coronavirus impact

President Donald Trump announced Monday that his administration will meet with members of Congress on Tuesday to discuss a number of economic relief measures aimed at assisting businesses and wage-earners as fears over the coronavirus continue to impact the U.S.

What are the details?

During a press conference, the president said his team was set to meet with Senate Majority Leader Mitch McConnell (R-Ky.) and House Republicans to discuss “a possible payroll tax cut” to provide “very substantial relief” to businesses as the spread of the coronavirus has hurt industry and roiled markets.

“We’re also going to be talking about hourly wage earners getting help so they can be in a position where they’re not going to ever miss a paycheck,” President Trump said. “We’ll be working with companies, small companies, large companies, a lot of companies, so that they don’t get penalized for something that’s not their fault. It’s not their fault, it’s not our country’s fault, this was something that we were thrown into and we’re going to handle it and we have been handling it.

The president also said his administration would be working with the Small Business Administration, “Creating loans for small businesses.”

“We’re also going to be working with the industries, including the airline industries, the cruise ship industry — which obviously will be hit — we’re working with them very, very strongly,” President Trump continued, adding, “we’re also talking to the hotel industry.”


www.youtube.com

According to CNN, Senate Republicans were “cool” to the idea of such economic stimulus proposals as of Monday afternoon. Sen. John Cornyn called the prospect “premature,” saying, “I usually love tax cuts, but I think it’s a little bit premature again.”

Sen. Kevin Cramer (R-N.D.) told the outlet, “What I don’t want to do is just borrow a bunch of money and throw it out in the street to stimulate spending.”

“Maybe some tax cuts or tax deferral would be in order,” Cramer said, before adding, “But I’m not sure the market’s looking for stimulation into the economy. The market is looking for the coronavirus to be solved.”

Share