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8 Million More Living In Poverty, 9 Million Small Businesses In Danger Of Closing, 10 Million Behind On Rent…

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

The economic downturn that we are currently experiencing is making the last recession look like a Sunday picnic.  Yes, 2008 and 2009 were bad, but they weren’t anything like this.

Unprecedented intervention by the Federal Reserve has allowed the rich to get even richer during this crisis, but meanwhile millions upon millions of ordinary Americans are deeply suffering.  Unfortunately, what we have gone through so far is just the beginning.

As a child, I was a big fan of Sesame Street, and one of the characters that really stood out to me was Count von Count.  I loved the fact that he was always counting things, and that is what I am going to do in this article in order to illustrate how bad economic conditions have now become.

Let’s start with the number 7.  According to the Congressional Budget Office, approximately 7 million more Americans would have jobs right now if the COVID pandemic had never happened

But in fact, what the CBO is projecting is dire: around 7 million people out of work in 2021 whom CBO thought before the pandemic would be working. That’s dire – and a call to immediate action, not calm, not wait-and-see.

Personally, I think that estimate is way too low.

In fact, the Federal Reserve says that 152 million Americans were working before the pandemic started, and only 142 million Americans are working now.

So the CBO estimate appears to be off by about 3 million.

Count von Count would not be happy.

Let’s try another number.  According to Bloomberg, the number of Americans living in poverty has risen by 8 million during this crisis…

Support is rising among policy makers to address America’s child-poverty crisis, which is getting worse as the pandemic drags on.

More than 8 million Americans — including many children — fell into poverty during the second half of last year, exacerbating the racial and income inequalities that are holding back the U.S. economy.

In this case, I think that this is a reasonable estimate, but that number will inevitably keep growing in the months ahead.

One of the big reasons why it will continue to rise is because hordes of small businesses will be collapsing, and that brings us to our next number.

According to a study that was recently released by the Fed, 9 million small businesses in the U.S. say that they “won’t survive” in 2021 without more government assistance

Three in ten small businesses — or 9 million out of the estimated 30 million in the United States — fear they won’t survive in the coming year without additional government assistance, according to a survey recently published by the Federal Reserve.

The Small Business Credit Survey, which was conducted last September and October and released last week, showcased the incredible burden the coronavirus pandemic has placed on America’s small businesses, as 88% of the businesses surveyed reported that sales had not yet returned to pre-pandemic levels.

Can you imagine what our country would look like if almost a third of all small businesses permanently disappeared?

If you watched the Super Bowl, you were bombarded with messaging about the plight of our small businesses.  We have never seen anything like this before, and that is because our small businesses have never had to face a crisis of this magnitude.

With each passing day, more small businesses are folding, and nothing that the federal government is going to do will completely stop this trend.

Our next number is 10.  According to the U.S. Census Bureau, 10 million renters were behind on their rent payments in January, and many more people anticipated not paying rent in February…

An estimated 10 million renters were behind on their rent and at risk of eviction in the middle of January, according to a Census Bureau survey. And an estimated 16 million renters had little to no confidence they could pay rent in February.

Overall, U.S. renters now owe at least 30 billion dollars in back rent.

This has created extreme financial pain for America’s landlords, and when the rent moratoriums are finally lifted we are going to see the largest tsunami of evictions in all of U.S. history by a very wide margin.

Before I wrap up this article, let me leave you with just one more number.  So far in 2021, the number of passengers at U.S. airports is down by more than 60 percent compared to 2019…

Over the past seven days, not quite 707,000 passengers per day on average passed TSA checkpoints at US airports, a measure of how many passengers in the US are flying somewhere. This was down by 61.6% from the same period in 2019, the last full year of the Good Times. At the end of January, the drop from 2019 was over 65%.

I honestly do not know how the airline industry is going to survive this without government help.

Speaking of not surviving, Democrats have introduced a bill in Congress that would essentially deal a death blow to the gig economy

The legislation at the core of their agenda is the PRO Act, which Democrats just re-introduced with sponsors including Speaker of the House Nancy Pelosi and Senate Majority leader Chuck Schumer. Among many other things, the bill would severely restrict the legal definition of independent contractors in a way that would largely end the gig economy as we know it.

The legislators’ stated intention is to protect workers and bolster their rights under law. Through the reclassification of independent contractors, Democrats hope to force gig economy companies to hire workers as full employees and thus provide them the accompanying salaries and benefits.

If this bill passes, it would absolutely devastate Uber, Lyft, and countless other companies that rely on gig workers.

Basically, millions of jobs would go “poof” with one stroke of Joe Biden’s pen.

According to the Bureau of Labor Statistics, more than 50 million Americans are currently employed by the gig economy.  It is great to want those workers to have higher pay and more benefits, but if those companies go out of existence there won’t be any jobs at all.

These are very dark times for the U.S. economy, and the outlook for the future is exceedingly bleak.

However, in the short-term economic conditions should stabilize somewhat thanks to the huge stimulus payments that the government will be sending out.

But that bubble of hope will be very brief, and everyone should be able to see that much more pain is on the horizon.

***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 8 Million More Living In Poverty, 9 Million Small Businesses In Danger Of Closing, 10 Million Behind On Rent… first appeared on SHTF Plan – When It Hits The Fan, Don’t Say We Didn’t Warn You.

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Agenda 21 barter Bond market Central Banks currency reset docile public economic reset Emergency Preparedness failures Gold Headline News implodes Intelwars International Monetary Fund INTERVENTION Japan lifetime taxation Lynette Zang Martial Law one world currency Preparedness push back against governments Silver special drawing rights The Fed wealth transfer

Lynette Zang: The Plandemic is a Cover For The “Global Financial Reset”

Now is not the time to be complacent says Lynette Zang, Chief Market Analyst at ITM Trading. Zang spoke with SBTV about where the world is headed to from this plandemic crisis and how gold and silver are the best assets to protect wealth during these times.

We are staring at a global financial reset and it’s being covered up by the plandemic and the constant crises that are arising. We are running out of time to get preparations in place for what’s coming and most are still focused their attention elsewhere, not understanding what’s going on behind the curtains. There’s no way the general public would have tolerated another 2008, and bailouts for the corporations without making this virus into something huge. But under its cover, they were able to pull off a heist of the public and without much of a protest either.

This interview came with timestamps, so if there’s anything you’d like to watch specifically, those are listed.

Discussed in this interview:

06:38 Gold for wealth preservation, silver for barter

13:51 Not time to be complacent, time to prepare

17:04 Decent amount of gold and silver to have

21:00 Mixed feels over economy shutdown

28:48 Dollar to lose reserve currency status soon?

34:03 Watch the bond market

38:22 Confidence in the fiat Ponzi scheme is ending

47:36 Exit strategy for precious metals

“They could have not gotten a better cover,” says Zang. Studying history, Zang learned that “every single government-backed currency has failed.” But gold, which is real currency, has withstood the test of time.  “It’s insanity,” she says, and if you’re not paying attention, you’re not going to understand it. “I gotta tell ya, globally, the pension system was in huge trouble. Severely underfunded. And this is true on a global basis. Well, now, when this whole piece, when this whole puzzle implodes, it’s a great excuse.”

What Zang sees them doing, is setting up for a global currency reset. The central bankers are lying. A reset will come and that’s what they don’t want the public to know about. “One hundred percent of [what’s going on right now] is the Fed intervention.” The system died in 2008. Zang says to prepare for this reset, you need to have things to barter. She says she uses silver, but eggs can also be bartered.  Prepare to take all of your economic functions locally and within the community.

When asked how much gold and silver will be enough, Zang says, “I don’t think you can have too much.” If you have excess fiat dollars, she suggests improving your means to barter by buying gold and silver.

If you have currency outside of the system, you get to retain your choices.  If everything you do and everything you have is all in the central banking system, your only option will be to accept the reset and losses that are coming with it. “Somebody else is choosing for you.” That’s not freedom, that’s enslavement, and exactly what the elitists want from us all. “We all have to decide [for ourselves], is that ok? Because they are gonna make choices that are in their best interest first.”

Don’t just survive this economic reset, thrive through it by removing your dependence on the system. “This is a major wealth transfer,” she added.  This is something we here have been warning about.  The wealth will go to the top and the military in the streets will be necessary as a show of force to prevent you from fighting back when they steal everything from you.  This about preparedness.   Instead of just blindly accepting military force on American soil, look beyond at why they have to manufacture your consent. Would you have accepted the military in the street under Barack Obama’s reign of terror?

If you want to hate me for giving you the roots of English words, I don’t care. If you want to hate me for telling you that military presence is to keep you from fighting back against this massive rest and upcoming wealth transfer, I don’t care. I’m trying to save lives. Hate me all you want, but open your eyes. Agenda 21 requires martial law and this reset will happen once the guns are in place.

This is happening because people were rising up against governments and central banks around the world, and in order to stay in power, they had to change your perception of what you’re seeing. The window of opportunity was closing because people were seeing governments and central banks for what they really are.  Using the plandemic and riots as an excuse, they’ve once again manufactured the consent of the public to complete their plans for Agenda 21. “Personally, I think it should be obvious to everybody what lies ahead with all this global. unlimited, infinite amount of money printing. It cannot end well.”

The new monetary system will be digital, says Zang, but not something that already exists like Bitcoin, because they cannot control or manipulate Bitcoin. Once we are in a digital currency system, they can do lifetime taxation. There’s nowhere to hide once this is all over.

 

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A Limited-Government Republic versus a National-Security State

The worst mistake that the American people have made in the entire history of the United States was to permit the conversion of the federal government to a national-security state. That conversion has played a major role in the destruction of our liberty, privacy, and economic well-being.

What is a national-security state? It is a totalitarian-like governmental structure that consists of an enormous military-intelligence establishment with extraordinary powers, such as indefinite detention, torture, secret surveillance, and even assassination of both citizens and foreigners.

To put the matter into a larger context, North Korea is a national-security state. So are Egypt, China, Cuba, and Russia. And the United States. All of the regimes in those countries wield totalitarian-like powers.

It wasn’t always that way in the United States. Our nation was founded as a limited-government republic and remained that way for nearly 150 years. No Pentagon, no CIA, and no NSA. There was an army but it was relatively small — big enough to win battles against Indian tribes or a neighboring weak and impoverished country such as Mexico, but nowhere big enough to engage in wars around the world.

That was how our American ancestors wanted it. The last thing they wanted was a federal government that possessed a large permanent military-intelligence establishment. That’s because they believed that that type of governmental system would inevitably destroy their liberty and their well-being.

When the delegates met at the Constitutional Convention, their assigned task was simply to modify the Articles of Confederation, which formed a third kind of governmental structure, one under which the states had been operating for more than a decade. Under the Articles, the federal government’s powers were so weak that — get this — it didn’t even have the power to tax. Imagine: For more than ten years, Americans lived under a government that was prohibited from levying any taxes whatsoever.

But there were problems with the Articles, and the purpose of Constitutional Convention was to come up with solutions to those problems through modifications to the Articles of Confederation. Instead, the delegates to the convention, who met in secret, came up with an entirely different proposal, one that called for a different type of governmental system — a limited-government republic, one where the federal government would have more powers, including the power to tax.

Americans were extremely leery. They believed that the greatest threat to the freedom and well-being of a citizenry lay not with some foreign regime but rather with their own government. They also understood that the way that governments throughout history had destroyed the freedom of their citizens was, in large part, through the power of their military forces. If people dissented or rebelled against what the government was doing, officials could employ military force to quell the rebellion. But if they didn’t possess a powerful military, they lacked the means to do that, which would inhibit them from doing bad things to the citizenry.

Suppose the proponents of the Constitution had said to the American people,

The Constitution will bring into existence a federal government that will include a vast, permanent, and ever-growing military-intelligence establishment, with military and intelligence bases all over the United States and the world. Together with the president, the military will have the power to embroil the nation in war anywhere in the world without congressional consent. It will possess the power to spy on and keep files on the American people, in order to keep them safe. It will have the power to take Americans into custody and place them in military dungeons or secret intelligence prison camps, where they can be tortured. It will also have the power to assassinate Americans.

If the American people had heard that from the delegates at the Constitutional Convention, they would have died laughing. They would have thought it was a joke. When they later learned that the delegates were totally serious, the American people would have summarily rejected the deal and instead would have continued operating under the Articles of Confederation.

In fact, the reason Americans were so leery of the proposal offered by the proponents of the Constitution was that they were concerned that they might be bringing into existence a government that wielded those types of omnipotent powers. That’s why they were so opposed to what they called a “standing army,” which was their term for a large, permanent military-intelligence establishment.

The proponents of the Constitution assured Americans that that could never happen. The reason was that the charter that was bringing the federal government into existence also, at the same time, delineated its powers. If a power wasn’t listed in the Constitution, then it simply didn’t exist, which meant it couldn’t be exercised against the citizenry.

On the basis of that assurance but still leery, the American people approved the deal, but only on the condition that the Constitution would be amended immediately after being approved. The amendments would provide express restrictions on the powers of federal officials to destroy the liberty and well-being of the people.

Some proponents of the Constitution responded that such restrictions were unnecessary because if a power to destroy people’s liberty and well-being wasn’t listed in the Constitution, it couldn’t be exercised. A bill of rights, such proponents said, would be superfluous.

But Americans were not willing to settle for that principle. Knowing that people who are attracted to political power inevitably come up with good excuses for destroying people’s liberty, Americans wanted to make it doubly clear that federal officials lacked the power to do tyrannical things to them. That’s why they expressly prohibited them from destroying people’s freedom of speech, freedom of the press, freedom of religion, the right of assembly, the right to keep and bear arms, and others.

That wasn’t all, however. The Fourth, Fifth, Sixth, and Eighth Amendments expressly restricted the power of federal officials to kill both Americans and foreigners. The government couldn’t kill anyone or deprive anyone of liberty or property without “due process of law,” a term that stretched back to Magna Carta in 1215, when the barons of England forced their king to acknowledge that his powers over them were limited.

Due process required formal notice of charges and a trial before the government could kill someone or take away his liberty or his property. If a person was targeted, the Bill of Rights guaranteed that he could elect to be tried by a jury of ordinary citizens rather than by a judge or a tribunal. Recognizing the inherent power of government, the amendments also guaranteed that a person being targeted could have an attorney represent him. The government was also prohibited from conducting searches without judicially issued warrants based on probable cause that a crime had been committed. They also prohibited federal officials from inflicting what they called “cruel and unusual” punishments on people.

Monsters

Our American ancestors had brought into existence a limited-government republic, a type of political system in which the government was delegated very few powers and then expressly forbidden by the Bill of Rights to exercise totalitarian-like powers. While there were backroom political deals that would be made, the overall operations of the government were open and transparent. That was the governmental system under which Americans lived for nearly 150 years.

At the same time, America adopted a noninterventionist foreign policy, one in which the federal government would not embroil the nation in foreign conflicts, wars, disputes, revolutions, or coups. This foreign policy was summed up in a speech that U.S. Secretary of State John Quincy Adams delivered to Congress on the Fourth of July, 1821. Entitled “In Search of Monsters to Destroy,” the speech pointed out that America’s founding foreign policy was not to send military forces abroad to save foreigners from the monstrous conditions in their countries, including dictatorships, famines, wars, and revolutions. If America were ever to abandon that noninterventionist foreign policy, Adams warned, U.S. officials would start behaving like dictators.

Does that mean that Americans were indifferent to the plights of foreigners? On the contrary. It just meant that they wouldn’t help them by bringing death and destruction through military force to their lands. Instead, America would open its borders to anyone who managed to escape his conditions, with no possibility that he would be rejected and forcibly returned to his homeland.

The shift toward empire and intervention began in 1898 in the Spanish-American War. Certain Spanish colonies were waging a war of independence against Spain. The U.S. government intervened in their behalf. As soon as Spain was defeated, however, the U.S. government assumed control over some of its former colonies. That’s how the United States acquired Puerto Rico, control over Cuba, the U.S. military base at Guantanamo Bay, Guam, and the Philippines. In the Philippines, U.S. forces killed hundreds of thousands of Filipinos who continued to fight for their independence, this time from the United States. The notion was that in order for the United States to become a great nation, it needed to become an empire and acquire colonies, just like the Spanish and British empires.

After that came U.S. intervention into World War I. Woodrow Wilson maintained that U.S. intervention would bring about an end to all war and make the world “safe for democracy” by totally and completely defeating Germany. Despite the loss of tens of thousands of American men, Adolf Hitler, Benito Mussolini, and Joseph Stalin rose to power in Germany, Italy, and Russia.

Once World War II broke out, Americans were overwhelmingly opposed to intervening again. But Franklin Roosevelt succeeded in provoking Japan into “firing the first shot” with its attack on Pearl Harbor, which brought about U.S. entry into the deadliest and most destructive war the world has ever seen.

The CIA

When the war was finally over in 1945, Americans were ecstatic that the Nazi regime and the Japanese Empire had been defeated and that their lives could return to normal. Not so fast, U.S. officials told Americans. They said that even though the Axis Powers had been defeated, the United States now faced another enemy, one that was arguably more dangerous than the Axis. That enemy was communism or, to be more exact, an international communist conspiracy to take over the world that was based in Moscow, Russia. The communists were coming to get us, U.S. officials said, and take over the U.S. government and the nation.

Therefore, they maintained, it would be necessary to intervene in hot wars to stop the Reds from advancing toward America and to wage a “cold war” against the Soviet Union. That’s how tens of thousands of U.S. soldiers got sacrificed in civil wars in Korea and Vietnam. U.S. officials said that if the United States failed to intervene in those conflicts, the Reds would be at our doorstep before too long.

That cold war is what brought about the conversion of the federal government from a limited-government republic to a national-security state, which was what the Soviet Union was. U.S. officials maintained that a limited-government republic-type of governmental system would be no match for a national-security-state type of governmental system, given that the latter placed no constraints on agents to do whatever they needed to do to win. In order to prevent a communist takeover of the United States, it would be necessary to convert the federal government to the same type of governmental system the Soviet Union had. The implication, of course, was that as soon as the United States won the Cold War, Americans could have their limited-government republic back.

Soon after the CIA was established in 1947, ostensibly as an “intelligence-gathering” agency to provide secret information to the president, it began specializing in the art of assassination, including the preparation of a top-secret “assassination manual” that explained various methods of assassination and, equally important, how to keep people from discovering that it was a state-sponsored assassination. The Fifth Amendment was eviscerated. In the name of protecting national security, the federal government, through the CIA, now wielded the power, to secretly deprive anyone of life it wanted.

In 1953, the CIA secretly initiated a coup in Iran that ousted the democratically elected prime minister of the country, Mohammad Mossadegh, from power and replaced him with the shah of Iran, one of the world’s most brutal dictators. The notion was that Mossadegh was leaning communist. In 1979, fed up with the U.S.-supported tyranny under which they had suffered for 25 years, the Iranian people revolted and ousted the shah from power. Unfortunately, they were unsuccessful in restoring the democratic system that the CIA had destroyed, leaving them suffering under a different type of dictatorship. The CIA’s coup is the root of the bad relations between Iran and the United States today.

One year later, 1954, the CIA secretly initiated a coup in Guatemala, which succeeded in ousting the democratically elected president of that country, Jacobo Arbenz, who was a socialist, and replacing him with a pro-U.S. military dictator. Arbenz was lucky that he was able to escape the country because the CIA had prepared an assassination list that undoubtedly had him at the top. That coup incited a 30-year-long civil war that killed more than a million Guatemalans.

After the 1959 Cuban revolution brought a communist regime into power, the Pentagon and the CIA, along with other U.S. officials, went apoplectic. America couldn’t survive with a “communist dagger” pointed at its throat from only 90 miles away, they said. Thus, the CIA launched an unsuccessful invasion of the island, several unsuccessful assassination attempts against Cuban president Fidel Castro, and a brutal economic embargo that, in combination with Castro’s socialist system, has squeezed the economic lifeblood out the Cuban people.
The national-security establishment’s incessant quest to effect regime change in Cuba also brought the United States and the Soviet Union to the brink of nuclear war.

The fact is that there was never any possibility that the communists were coming to get us and take over the federal government and the country. The Cold War was one great big racket, one that enriched countless people, including an army of “defense” contractors and subcontractors who got rich feeding at the public trough. Most important, the Cold War and the national-security-state form of governmental structure that came with it succeeded in destroying the rights and liberties of the Americans people.

The Middle East

Suddenly and unexpectedly, the Cold War ended in 1989, when the Soviet Union, which had gone bankrupt, called it quits. The Berlin Wall came down and Russian troops exited Eastern Europe.

Needless to say, the national-security establishment was concerned about its future. No more Cold War obviously meant that Americans were entitled to have their limited-government republic back. But the Pentagon, the CIA, and the NSA were not eager to be dismantled. Soon after the end of the Cold War, they intervened in the Persian Gulf War against their former partner and ally, Saddam Hussein, which began a 30-year campaign of U.S. death, destruction, and humiliation against people in the Middle East.

It was no surprise that that campaign engendered deep anger and rage among the people who were targeted for death and destruction. That’s when the anti-American terrorist blowback began. It started with the 1993 attack on the World Trade Center, which was followed by the attacks on the USS Cole, the attacks on the U.S. embassies in East Africa, and the 9/11 attacks.

The 9/11 attacks gave the federal government what our American ancestors had feared when the Constitution was being proposed to them — a government consisting of a massive, ever-growing military-intelligence establishment with omnipotent, totalitarian powers to keep the nation “safe” from the terrorist blowback that U.S. officials had produced with their interventionism.

That’s how Americans have ended up with a government that wields the power to take them into custody and throw them indefinitely into a military dungeon and torture them to any extent whatsoever. It is how Americans have ended up with a government that wields the power to conduct secret surveillance on them, just like government officials do in China, North Korea, and Cuba. It is how Americans have ended up with a government that wields the power to assassinate them.

Anyone who lives under a national-security-state governmental system cannot possibly be considered free. Our ancestors understood that principle. Their successors living today have yet to figure that out. Or if they have figured it out, they have chosen to trade liberty for the pretense of safety and security.

For Americans who want freedom, a necessary prerequisite is the restoration of a limited-government republic and a noninterventionist foreign policy, which necessarily entails the dismantling, not the reform, of the Pentagon, the military-industrial complex, the CIA, and the NSA.

This article was originally published in the November 2019 edition of Future of Freedom.

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