America 1950 vs. America 2020

If you could go back to 1950, would you do it?  There would be no Internet, no cellphones and you would only be able to watch television in black and white.  But even though they lacked many of our modern conveniences, people genuinely seemed to be much happier back then.  Families actually ate dinner together, neighbors knew and cared about one another, and being an “American” truly meant something.  Today, we like to think that we are so much more “advanced” than they were back then, but the truth is that our society is in the process of falling apart all around us.  Could it be possible that we could learn some important lessons by looking back at how Americans lived 70 years ago?

Of course there has never been any era in our history when everything has been perfect.  But without a doubt, things are vastly different today than they were back in 1950…

In 1950, Texaco Star Theatre, The Lone Ranger and Hopalong Cassidy were some of the most popular shows that Americans watched on television.

In 2020, a Netflix film entitled “Cuties” is so trashy and so disgusting that four states have sent a letter to Netflix asking for it to be removed because it is “fodder for those with criminal imaginations, serving to normalize the view that children are sexual beings.”

In 1950, television networks would not even show husbands and wives in bed together.

In 2020, “adult websites” get more traffic than Netflix, Amazon and Twitter combined.

In 1950, people would greet one another as they walked down the street.

In 2020, Americans are too enamored with their cellphones to be bothered with actual human contact.

In 1950, gum chewing and talking in class were some of the major disciplinary problems in our schools.

In 2020, kids are literally gunning down police officers in the streets.

In 1950, people would make an effort to dress up and look nice when they would go out in public.

In 2020, most of the population has become utter slobs and “People of Walmart” has become one of our most popular memes.

In 1950, the typical woman got married for the first time at age 20 and the typical man got married for the first time at age 22.

In 2020, the typical woman gets married for the first time at age 27 and the typical man gets married for the first time at age 29.

In 1950, a lot of people would leave their homes and their vehicles unlocked because crime rates were so low.

In 2020, many that live in urban areas are deathly afraid of all the civil unrest that has erupted, and gun sales have soared to all-time record highs.

In 1950, Americans actually attempted to parent their children.

In 2020, we pump our kids full of mind-altering drugs and we let our televisions and our video games raise our children.

In 1950, Baltimore was one of the most beautiful and most prosperous cities on the entire planet.

In 2020, Baltimore regularly makes headlines because of all the murders that are constantly occurring.  Of course the exact same thing could be said about many of our other major cities.

In 1950, 78 percent of all households in America contained a married couple.

In 2020, that figure has fallen below 50 percent.

In 1950, about 5 percent of all babies in the United States were born to unmarried parents.

In 2020, about 40 percent of all babies in the United States will be born to unmarried parents.

In 1950, new churches were regularly being opened all over the United States.

In 2020, it is being projected that 1 out of every 5 churches in the U.S. “could be forced to shut their doors in the next 18 months”, and the mayor of Lubbock, Texas just said that opening a new Planned Parenthood clinic is like starting a church.

In 1950, we actually had high standards for our elected officials, and people actually did research on the candidates before they cast their votes.

In 2020, more than 4,000 people in one county in New Hampshire voted for a “transsexual Satanic anarchist” in the Republican primary, and she is now the Republican nominee for sheriff in Cheshire County.

In 1950, children would go outside and play when they got home from school.

In 2020, our parks and our playgrounds are virtually empty and we have the highest childhood obesity rate in the industrialized world.

In 1950, front porches were community gathering areas, and people would regularly have their neighbors over for dinner.

In 2020, many of us don’t know our neighbors at all, and the average American watches more than five hours of television a day.

In 1950, Americans used words such as “knucklehead”, “moxie” and “jalopy”.

In 2020, new terms such as “nomophobia”, “peoplekind” and “social distancing” have been introduced into the English language.

In 1950, the very first credit card was issued in the United States.

In 2020, Americans owe more than 930 billion dollars on their credit cards.

In 1950, one income could support an entire middle class household.

In 2020, tens of millions of Americans have lost their jobs and filed for unemployment, and more than half of all households in some of our largest cities are currently facing “serious financial problems”.

In 1950, the American people believed that the free market should govern the economy.

In 2020, most Americans seem to believe that the government in Washington and the Federal Reserve must endlessly “manage” the economy.

In 1950, “socialists” and “communists” were considered to be our greatest national enemies.

In 2020, most of our politicians in Washington have eagerly embraced socialist and communist policy goals.

In 1950, the U.S. Constitution was deeply loved and highly revered.

In 2020, anyone that actually admits to being a “constitutionalist” is considered to be a potential domestic terrorist.

In 1950, the United States loaned more money to the rest of the world than anybody else.

In 2020, the United States owes more money to the rest of the world than anybody else.

In 1950, the total U.S. national debt reached the 257 billion dollar mark for the first time in our history.

In 2020, we added 864 billion dollars to the national debt in the month of June alone.  In other words, we added over three times more to the national debt in that one month than the total amount of debt that had been accumulated from the founding of our nation all the way to 1950.

In 1950, most Americans were generally happy with their lives.

In 2020, the suicide rate is at an all-time record high, and it has been rising every single year since 2007.

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

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.  By purchasing the book 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.  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)  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 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 as many people as we possibly can.

If They Will Loot Homes During These Wildfires, What Will They Do To You And Your Family When They Have No More Food?

When disaster strikes, the first instinct that some people have is to go out and loot homes that have been evacuated.  I wish that this wasn’t the case, but it seems to happen every time that we see a huge natural disaster.  You have to be quite sick to want to take advantage of people that have left their homes during a great tragedy, but we have seen it happen over and over the last several years.  Twisted individuals that have had their consciences completely seared think that undefended homes are an easy target, and a lot of times they get away with it.  Fortunately, authorities were able to catch two degenerates that were just looting evacuated homes in Oregon, but only after they led the police on a high speed chase

Two men have been charged by Oregon authorities with looting properties that were evacuated by owners fleeing the deadly wildfires that have so far forced half-a-million people from their homes, killed at least 31 people in three states, and left dozens more missing.

Anthony Travis Bodda, 21, and Alexander Justin Jones, 36, were arrested on Thursday after they allegedly led law enforcement officials on a high-speed chase in fire-ravaged Santiam Canyon, Oregon, authorities said.

After their vehicle was disabled, the two looters took off on foot, but officers were quickly able to hunt them down

The two men then got out of the van and made a run for it, according to sheriff’s deputies.

One of the men was immediately arrested on the golf course while the other was seen going into a goat shed near the area.

A K9 unit managed to locate the other suspect, who was also taken into custody.

Of course this is just the tip of the iceberg when it comes to looting in this country.  Earlier this year, literally thousands of young people went on an unprecedented looting spree all over the U.S. during the civil unrest that erupted in the aftermath of the death of George Floyd.  Authorities are still making arrests as they continue to identify more of the suspects that were involved in looting stores, and hopefully as many looters will be brought to justice as possible.

But the looting will never stop.  In fact, it will only get worse as our society continues to decay.

And if desperate individuals will stoop to such lows now, what will they be willing to do to you and your family once things get really, really bad and all of their food is gone?

Today, we have more reason to literally be frightened of the behavior of our fellow Americans than we ever have before.  By now, I am sure that you have already heard of the shocking ambush that we just witnessed in the Los Angeles area.  When protesters heard where the police officers that had been shot were taken, they decided to block the entrance to the hospital

Protesters have blocked the entrance to the hospital where the two Los Angeles sheriff’s deputies ambushed in a shooting Saturday are fighting for their lives, chanting: ‘We hope they ******* die.’

The officers, one the 31-year-old mother of a six-year-old boy, were shot at the Metro Blue Line station at Willowbrook Avenue and Oak Street in Compton by a male suspect who then fled the scene.

I don’t know if I have words that are strong enough to describe how detestable this was.

Hospitals should be completely off limits for protests, and by blocking the entrance they were keeping people that needed emergency care from getting in.

There is no reasoning with people like that.  In the past, many Americans have attempted to avoid a lot of the craziness that goes on by living in low crime areas, but at this point social decay is spreading like a cancer all over the nation.  Just a few days ago, we learned that the feds have successfully shut down a “meth superhighway” that involved hundreds and hundreds of people in major cities such as “Atlanta, Dallas, El Paso, Houston, Los Angeles, New Orleans, Phoenix, San Diego, and St. Louis”

U.S. Attorney William Barr and Drug Enforcement Administration Acting Administrator Timothy Shea announced Thursday, at a press conference in Phoenix, a large meth bust across the U.S., seizing thousands of pounds of methamphetamine, tens of millions of dollars, and hundreds of firearms.

The operation was a six-month-long effort to bring down a ‘meth superhighway’ that was controlled by Mexican cartels and stretched across the U.S.

The operation included 750 investigations across ‘meth hubs’ in Atlanta, Dallas, El Paso, Houston, Los Angeles, New Orleans, Phoenix, San Diego, and St. Louis, resulting in 1,840 arrests, the seizure of 28,560 pounds of methamphetamine, 284 firearms and $43.3 million in drug profits.

Some try to get away from all the crime by living in the middle of nowhere, but unfortunately the truth is that meth and other illegal drugs have made it to almost every small community in America at this point.

I don’t want to end this article on a bad note, and so let me share an example that demonstrates that there are still good people out there too.

A little more than a week ago, over 200 campers were trapped by wildfires near Shaver Lake in California, and National Guard helicopters were sent in to rescue them

More than 200 campers were trapped near a boat dock on Shaver Lake in California’s Fresno County over the Labor Day weekend, encircled by flames and a blinding wall of wildfire smoke.

Chief Warrant Officer 5 Joseph Rosamond, piloting a California Army National Guard CH-47 Chinook, had already made the decision to try to put his helicopter down close by the desperate campers on Sept. 5.

Emergency personnel on the ground told Rosamond that the smoke made it too risky to conduct a close landing, but Rosamond knew that if he didn’t take a risk that those people would be in severe danger.  The fires were closing in and time was running out, and so he made a conscious decision to be a hero

“I was listening to the radio calls when the Chinook approached restricted airspace” near the lake, said Army Maj. Gen. David S. Baldwin, adjutant general of the California National Guard.

“Chief Rosamond told them, ‘Just tell us where the people are. We’re going to go get them,'” Baldwin said in a video conference call Monday with the aircrews and defense reporters.

There wasn’t enough room on the helicopters to take all of the campers out in one trip, and so the helicopters actually had to go back to the lake two more times to get everyone.

In the end, they didn’t finish the mission until 1:30 in the morning.  12 of the campers ended up in the hospital, but ultimately all 214 of them were saved.

Why can’t we have more heroes like Joseph Rosamond?

Sadly, the decisions that our society has made over the past several decades are really catching up with us, and at this point the criminals, looters and sickos greatly outnumber heroes such as Joseph Rosamond.

Everywhere around us social decay is rapidly getting worse, and millions of hearts are growing very, very cold.

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

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.  By purchasing the book 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.  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)  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 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 as many people as we possibly can.

If You Feel Like Something Really, Really Bad Is About To Happen, You Are Definitely Not Alone

If this is “the recovery”, what are things going to look like once economic conditions start to deteriorate again?  As you will see below, more than half of all households in some of our largest cities “are facing serious financial problems”, and Americans continue to file for unemployment benefits at a rate that the United States had never seen before prior to 2020.  When 695,000 workers filed for unemployment benefits during a single week in 1982, it established a record which stood for nearly 38 years.  But now we have been way above that old record for 25 weeks in a row.  On Thursday, we learned that another 884,000 Americans filed new claims for unemployment benefits last week…

Weekly jobless claims were worse than expected last week amid a plodding climb for the U.S. labor market from the damage inflicted by the coronavirus pandemic.

The Labor Department on Thursday reported 884,000 first-time filings for unemployment insurance, compared with 850,000 expected by economists surveyed by Dow Jones. The total was unchanged from the previous week.

Of course it is always important to look at the non-adjusted numbers, and according to those numbers we actually saw an increase over the previous week

The Labor Department changed its methodology in how it seasonally adjusts the numbers, so the past two weeks’ totals are not directly comparable to the reports from earlier in the pandemic. Claims not adjusted for seasonal factors totaled 857,148, an increase of 20,140 from the previous week.

This is the second week in a row that the non-seasonally adjusted initial claims have risen.

That definitely wasn’t supposed to happen.

We are supposedly in a “recovery” right now, and things are supposed to be getting better.

But instead they appear to be getting worse.  According to Wolf Richter, continuing claims under all state and federal programs were way up last week…

Total continued claims for unemployment insurance (UI) under all state and federal programs rose by 380,000, to 29.6 million people (not seasonally adjusted), the highest since August 1, according to the Department of Labor this morning. This was the second weekly increase in a row, after the 2.2-million jump last week.

At any other time in American history, the numbers that were just reported would be considered “catastrophic”, but we have been getting these sorts of catastrophic numbers for so long that we have become desensitized to them.

But at least the unemployment numbers are not as bad as they were earlier this year, and other economic figures seem to have hit a bit of a plateau as well.

So for the moment there is relative calm, but it won’t last for very long.

If you feel like something really, really bad is about to happen, you are definitely not alone.  There are countless others that are also waiting for “the other shoe to drop”, and I believe that it could literally happen at any time.

But for now we wait.

I would encourage you to enjoy these remaining days of summer while you still can.  This weekend, put some burgers on the grill and enjoy some time with your family.  Unfortunately, there are many Americans that are under such financial stress that it is hard to enjoy much of anything right now.  In fact, one recent survey found that 50 percent or more of the households in some of our largest cities are currently facing “serious financial problems”

There’s no question the coronavirus pandemic has forced many Americans into financial hardship, but a new NPR/Harvard T.H. Chan School of Public Health/Robert Wood Johnson Foundation survey provided a clearer picture of the extent of the struggles in the United States’ four largest cities.

At least half of all households in those cities — 53 percent in New York City, 56 percent in Los Angeles, 50 percent in Chicago, and 63 percent in Houston — reported facing serious financial problems, including depleted savings, problems paying credit card bills, and affording medical bills.

How can that be possible if we are in the midst of a tremendous “recovery”?

Of course the truth is that we aren’t in any sort of a recovery, but at least things are a whole lot better than they will be after the upcoming election.

I had such an ominous feeling coming into 2020, and I shared this repeatedly with my readers, and now I have such an ominous feeling about the rest of 2020 and beyond.

In particular, I am extremely concerned about what will happen in November.  No matter who is ultimately declared the winner, the other side is going to be convinced that the election was stolen from them and that is likely to throw our nation into a state of chaos.

And we are already being told that we probably will not know the winner until long after election day.  That period of uncertainty is almost certainly going to spark more civil unrest, and I believe that faith in the integrity of our elections will be greatly shaken.

Before I end this article, there is one more thing that I wanted to mention that I found to be extremely interesting.  This year the Federal Reserve has been buying up mortgage bonds worth hundreds of millions of dollars, and according to Mish Shedlock the Fed now owns nearly a third of that entire market…

  • The Fed has snapped up $1 trillion of mortgage bonds since March. It bought around $300 billion of the bonds in each of March and April, and since then has been buying about $100 billion a month.
  • The Fed now owns almost a third of bonds backed by home loans in the U.S.
  • Buying the securities has pushed mortgage rates lower, with the average 30-year rate falling to 2.91% as of last week from 3.3% in early February.
  • Morgan Stanley analysts pointed out in late March that the buying was running at eight times the pace seen in prior episodes of Fed purchasing under programs known as quantitative easing.

No matter who wins the election, the direction of the Fed is not going to change.  They are going to continue to engage in exceedingly reckless manipulation of the markets, and that is going to have very serious long-term implications.

All around us, we can see our society being thrown into convulsions as all of our systems begin to fail.

I know that so many of you out there are feeling the exact same way that I am.

A sense of anticipation hangs in the air, and millions of people are waiting for the next big crisis to erupt.

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

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.  By purchasing the book 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.  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)  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 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 as many people as we possibly can.

A Sign Of The Times? Unprecedented Fires Have Turned Skies Bright Orange And Blood Red Over California And Oregon

2020 has been an incredibly difficult year for the U.S. as a whole, but no part of the country has been hit harder than the states along the west coast.  It has just been one thing after another all year long, and now unprecedented wildfires have turned the skies bright orange and blood red over vast stretches of California and Oregon.  Many are using the word “apocalyptic” to describe what is happening, and others have said that the skies look like something out of a science fiction movie.  And even though hundreds of thousands of acres have already burned in Oregon and Washington, and even though more than two million acres have already burned in California, officials are warning that conditions will get even worse as we head into “the teeth of the wildfire season”.

I can’t remember a time when skies have turned completely red for an extended period of time in the state of Oregon, but that is precisely what we witnessed on Wednesday.  The following comes from an article entitled “Skies turn blood-red above Oregon in apocalyptic scenes from wildfire-ravaged state”

Journalist Christine Pitawanich from KGW 8 is heard explaining in the video: “This, right here, is downtown Stayton.

“You can see the red hue, the red-orange glow in the sky. There is ash, falling visibly in front of the headlights of the car.

“But downtown, basically, empty here beside a few people walking around.

Can you imagine the panic that people living in that part of Oregon must be feeling right now?

According to Governor Kate Brown, these red skies are being caused by an “unprecedented” fire event…

Oregon Governor Kate Brown said the incident is “proving to be an unprecedented and significant fire event for our state”.

So far, an estimated 200,000 acres of land has been scorched.

Of course California has been dealing with “unprecedented” fire events for a few weeks now, and on Wednesday morning residents of San Francisco awoke to find that the skies above their city had turned “a pumpkin orange color”

Just when Bay Area residents thought the world outside couldn’t get stranger, the sky Wednesday dimly glowed a pumpkin orange color you’d expect to see on Mars.

With wildfire smoke high aloft in the atmosphere, the sky was a sickly yellow on Tuesday, but today a thicker blanket of toxic air is traveling overhead and the color turned an even stranger, richer hue.

And just like in Oregon, ash from nearby wildfires is falling in large quantities.

In fact, it is being reported that at one point so much ash was falling in the Bay Area that “it looked like moderate to heavy snow”

In some spots the sooty air reached the ground, and National Weather Service forecaster Roger Gass said a weather spotter saw falling ash at Buchanan Field Airport in Concord.

“They reported a significant amount of ash,” said Gass. “Almost to the point where it looked like moderate to heavy snow.”

This has already been the worst wildfire season in the history of the state of California, and we haven’t even gotten to the heart of wildfire season yet.

More than two million acres have already been burned, and normally October and November are the worst months for wildfires in the state.

Extreme heat and a bitter drought combined to create ideal conditions for wildfires to break out, and California Governor Gavin Newsom says that there were “14,000 lightning strikes” during one recent 24 hour period…

California Governor Gavin Newsom said this was the “largest fire season we’ve had in recent recorded history” as he declared a state of emergency.

He blamed the cause of the fires on “unprecedented temperatures, a heat dome, 14,000 lightning strikes over a 24-hour period and 150 million-plus dead trees related to a multi-year drought”.

I know that California is a huge state, but 14,000 lightning strikes in one 24 hour period seems really, really extreme to me.

I am sure that officials have a “rational explanation” for why so many lightning strikes are happening, but could it be possible that what is happening goes beyond our usual rational explanations?

What we do know is that literally dozens of fires are being started every day in California, and firefighters are really scrambling to try to contain them

“Just yesterday there were 43 new fires. The day before that, 49 fires,” Berlant said. “When a fire ignites right now … they are able to burn at explosive rates. But firefighters have done an amazing job at being able to contain most of these fires that are igniting.”

I have a really hard time imagining that this fire season could get even worse in the state, but that is what officials are telling us.  In fact, the phrase “much worse” is being used to describe what is potentially ahead…

California’s record-breaking fire season could get much worse in the coming days as powerful winds heighten the danger of more blazes while firefighters continue to struggle with destructive conflagrations across the state.

Intense Diablo winds are forecast for parts of Northern California this week, with Pacific Gas & Electric Co. saying it would shut off power to numerous communities in hopes of avoiding new fires potentially sparked by downed power lines.

If you look at a map of all the fires that are raging right now, it looks like nearly the entire state is already on fire at this moment.

So I am not exactly sure what “much worse” would look like.

In the end, this could be the final straw that motivates many people to finally leave the west coast for good.

Yes, the weather can be beautiful and traditionally there have been lots of high paying jobs out there, but the west coast is definitely not a place that you will want to be during the very challenging years that are ahead of us.

When the skies turn apocalyptic colors and ash starts falling so heavily that it reminds people of heavy snow, that is probably a sign that you should reconsider where you are currently living.

To me, 2020 has been a year that has been filled with warnings, but unfortunately I don’t think that most people are listening yet.

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

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.  By purchasing the book 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.  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)  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 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 as many people as we possibly can.

A September Stock Market Crash?

Many of us have been waiting to see what surprises the month of September would bring, and it appears that a stock market crash may be one of them.  Even the most ardent market optimists were admitting that the absurd bubble that had developed over the course of the summer was completely unsustainable, and the only real debate was over when it would finally burst.  So is this it?  Stock prices have certainly plunged quite dramatically over the last several trading sessions, but it is always possible that things could stabilize for a little while.  But whether it happens in September, October, November, December or next year, the truth is that everyone knows that a crash is coming.

On Tuesday, the Dow Jones Industrial Average fell another 632 points, but that wasn’t the real story.  Far more noteworthy was the fact that the Nasdaq was down another 4.1 percent, and that means that it has now dropped a total of more than 10 percent since it hit a brand new record high last week.

Only two times since 2001 has the Nasdaq fallen more rapidly over three trading sessions.  The index is now officially in correction territory, and the losses have been staggering.  In particular, the six largest tech stocks have collectively lost more than a trillion dollars in value during this three day stretch…

The six biggest tech stocks have lost more than $1 trillion over the last three days alone, but it’s really just a dent coming off a huge rally that peaked last week.

Apple, which hit a $2 trillion market cap on Aug. 19, is down about $325 billion in that time period. Microsoft’s down $219 billion, Amazon fell $191 billion, Alphabet cratered by $135 billion, and Tesla, which fell 21% on Tuesday to mark its worst single-day loss in its history, is down $109 billion in the last three days. Finally, Facebook is off by $89 billion.

A trillion dollars is a serious amount of money.

If you had started spending a million dollars every single day when Jesus was born, you still wouldn’t have spent a trillion dollars by now.  So we are talking about a giant pile of money that is almost unimaginable.

Apple has the largest market cap of any of the tech giants, and over the past three trading days it is down a total of more than 14 percent.  That is the worst three day stretch for Apple since October 2008.

But if you want to see a real disaster, just look at what has been happening to Tesla’s stock price.  Do you remember a few days ago when I said that it would still be overvalued if it went down 90 percent?  Well, after Tuesday we only have 69 percent more to go before that actually happens

Tesla shares closed down 21.06%, making it the worst one-day loss on record. Tuesday’s drop brought the company’s market valuation to $307.7 billion. The stock has been on a tear this year, having risen around 300%, and the company is now worth more than some of the world’s largest automakers, including Toyota and Volkswagen.

It was widely assumed that Tesla would be added to the S&P 500 on Friday, and when that didn’t happen it was “a big disappointment for investors”

But while S&P Indexes announced late Friday that it was adding Etsy, an online marketplace for crafters; Teradyne (TER), a company specializing in industrial automation and robotics; and Catalent (CTLT), which develops pharmaceuticals, to the index, the absence of Tesla was a big disappointment for investors, prompting the sell-off.

But the bigger disappointment for Tesla investors will come when the general public finally realizes that a company that sold less than 100,000 vehicles and actually lost 862 million dollars last year is simply not worth 307 billion dollars.

I understand that people like to make money flipping Tesla stock, but to me the entire company is a giant mirage that will eventually collapse in spectacular fashion.

As for the market as a whole, I am not too excited about this current downturn just yet.  When CNBC asked Kristina Hooper about what we are seeing, she simply labeled it “a healthy period of consolidation after a dramatic run-up”

“Some are suggesting this is the start of another dramatic sell-off, similar to the spring of 2000 when the ‘tech bubble’ burst. I highly doubt that,” Kristina Hooper, Invesco Chief Global Market Strategist, said in an email to CNBC. “I think of this rout not so much as a correction, but as a digestion given that the NASDAQ Composite rose more than 60% from its March bottom in the course of less than six months. All In all, I think this is a healthy period of consolidation after a dramatic run-up.”

Yes, it is still entirely possible that this could turn into the big crash that everyone has been waiting for.

But I think that I will wait until the Dow falls below 25,000 before I start hyperventilating.

Of course I am among those that are entirely convinced that a stock market crash is definitely coming at some point.  At this moment in history, stock prices are absurdly overvalued.  Back in 1990, the total value of all U.S. stocks was sitting at a level that was approximately 60 percent of U.S. GDP, and these days that number has been hovering around 200 percent

In his 2007 memoir, former Federal Reserve chair Alan Greenspan wrote, referring to late 1996, that “America was turning into a shareholders’ nation”. He noted that the total value of US stock holdings had risen from 60 per cent of gross domestic product in 1990 to 120 per cent of GDP by 1996 — “a ratio topped only by Japan at the height of its 1980s bubble”.

In Japan, that ratio had jumped to 140 per cent by the end of 1989, according to the World Bank. The ratio of market capitalisation-to-GDP in the US in 2000, to the amazement of Mr Greenspan, would go on to reach that same level. Today, the market capitalisation-to-GDP ratio in the US is just shy of 200 per cent. The S&P 500 companies alone are worth about $30tn, or 150 per cent of GDP.

So that would seem to imply that stock prices could ultimately fall by more than two-thirds, although I believe in the long-term they will go a whole lot lower than that.

In the short-term, we will see what happens.  10 of the 20 worst single day percentage declines in stock market history have happened during the months of September and October, and it wouldn’t surprise me at all to see some huge waves of volatility during the weeks ahead.

But it is probably going to take some sort of a “trigger event” for the really big crash to happen.

That “trigger event” could happen tomorrow, or it may not happen for quite some time.  But without a doubt the market is perfectly primed for a major disaster, and it certainly won’t take too much to push it over the edge.

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

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.  By purchasing the book 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.  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)  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 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 as many people as we possibly can.

Charities “Have Lost Billions” And 1 Out Of Every 5 Churches In America “May Not Survive”

Whenever a major economic downturn happens, churches and charities always get hit really hard.  Cutting back on giving is often the very first step that people take when it comes time to reduce expenditures, and that is extremely unfortunate.  But of course you can’t get blood out of a rock, and there are tens of millions of Americans that have lost jobs in 2020 and so they don’t have any extra money to give at this point.  Approximately 59 million Americans have filed new claims for unemployment over the past 24 weeks, and we are seeing absolutely massive lines at food banks all around the nation.  In such an environment, it was inevitable that there would be a collapse in charitable giving, and it is being reported that major U.S. charities have already “lost billions in revenue”

Charity organizations have lost billions in revenue during the pandemic, making the sector one of many to seek support from Congress at a time when negotiations over another COVID-19 relief package show little sign of a breakthrough.

Traditional methods of fundraising for charities — concerts, festivals and galas — have all been canceled or significantly scaled back due to public health concerns.

What is ironic is that many of these charities actually serve the poor and unemployed, and so their services are in greater need than ever before at a time when their funding is rapidly drying up.

An organization that represents about 500 of these charities says that 83 percent of their members have reported that revenues are down in 2020…

Overall, 83 percent of charity organizations reported a decline in revenues during the pandemic, including a decline in earned revenue from events or other activities, and a reduction in individual giving and grants received, according to a recent survey by Independent Sector, which lobbies in Washington for about 500 nonprofits, foundations and corporate giving programs.

Of even greater concern is what is happening to churches all over America.  During the lockdowns, many churches experienced a precipitous drop in giving, and of course there are still some states that are putting very strict restrictions on church gatherings.  This has had an absolutely devastating impact on many church budgets, and there have been widespread cutbacks.

And even though most churches in the country are now meeting normally, giving is still way down in many areas because of the impact that the economic downturn is having.

We have never seen anything like this before, and things have already gotten so bad that Barna Group president David Kinnaman is projecting that 1 out of every 5 churches in America “could be forced to shut their doors in the next 18 months”

The president of the Barna Group says it’s possible as many as 1 in 5 churches may not survive the shutdowns and changes brought on by the COVID virus and could be forced to shut their doors in the next 18 months.

In an interview on NPR’s program “Here And Now” earlier this week, Barna Group president David Kinnaman said their surveys show confidence among pastors that their churches will make it through the pandemic has declined from more than 70 percent in May to around 58 percent now.

Think about that for a moment.

20 percent of all U.S. churches gone – just like that.

Over the years, we have started to see Christians in the United States increasingly adopt an underground house church model, and I think that this crisis will accelerate that process.

During the boom years, many large churches went deep into debt to fund elaborate building programs that included bowling alleys, coffee bars and all sorts of other amenities that they didn’t necessarily need, and now that very hard times have arrived many of those churches will go belly up.

Sadly, this is just the beginning.  According to John Williams of shadowstats.com, if honest numbers were being used the unemployment rate in this country would currently be sitting at 28 percent.  And as I keep detailing week after week, more layoffs are constantly being announced.

There are certain industries that are simply being eviscerated right now.  For instance, check out what is happening to the U.S. oil industry

Texas, the largest oil-producing state in the U.S., had 440 land rigs at the end of August last year, according to Baker Hughes’ weekly count. That number had shrunk to 104 this year.

The story was the same in North Dakota, the second-largest oil-producing state: The rig count was down from 51 to 10, according to Baker Hughes.

Those numbers are so horrifying that they are hard to believe.

I know people that work in the oil industry, and those jobs can be extremely well paying.  But now much of the industry has completely shut down, and countless numbers of workers have been forced to file for unemployment.

In Wyoming, the oil industry has been at the core of the state’s economy since the 1800s, but in July the official rig count in the state actually fell to zero

And, in Wyoming, where the oil and gas industry is the state’s economic backbone, the rig count dropped to zero for one week in July for the first time since 1884, Pete Obermueller, executive director of the Petroleum Association of Wyoming Executive Director, told USA TODAY.

We are in the midst of a major economic nightmare, and conditions are eventually going to get far, far worse than they are right now.

So that means that charitable giving will also be going down even more.

Because of what I do, I hear from a lot of ministries and Christian organizations.  So many of them are experiencing severe financial distress already, and we are still only in the very early chapters of this crisis.

If there are ministries and organizations that are doing great work that you regularly support, please try to keep supporting them for as long as you can.

In this hour, people are going to need hope, and they definitely are not going to get that from the government.

Unfortunately, so many bright lights that are giving hope to people are starting to go out, and that trend is only going to intensify as our economic problems become even more serious.

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

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.  By purchasing the book 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.  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)  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 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 as many people as we possibly can.

Over Half Of All Young Adults Are Living With Their Parents – Highest Level In Modern American History

As the chaotic events of 2020 have unfolded, large numbers of young people have moved back in with their parents, and this has pushed the percentage of Americans in the 18 to 29-year-old age bracket that live with their parents to the highest level ever recorded.  Without a doubt, the collapse of the economy has hit young adults particularly hard.  About 59 million Americans have filed for unemployment over the past 24 weeks, and low wage workers have been disproportionally affected by this tsunami of job losses.  Needless to say, young adults traditionally make up a large chunk of our low wage workers, and now that really tough times have hit a lot of them are being forced to fall back on their mothers and their fathers for support.  According to a brand new report that was just put out by the Pew Research Center, 52 percent of all young adults in this country are now living with their parents

A new report by the Pew Research Center found that a majority of young adults — 52% — lived with one or both of their parents in July. Pew’s analysis of monthly Census Bureau data notes that this is higher than any previous measurement.

For purposes of this report, Pew defined a “young adult” as anyone that is in the 18 to 29-year-old age bracket.

At this point, 26.6 million young people are living with their parents.  We have never seen a number this high, although Pew suspects that the level may have been higher during the Great Depression of the 1930s

“Before 2020, the highest measured value was in the 1940 census at the end of the Great Depression, when 48% of young adults lived with their parents,” says the report, published Friday. “The peak may have been higher during the worst of the Great Depression in the 1930s, but there is no data for that period.”

In any event, what we are witnessing right now is extremely alarming.

Many tend to think of young people that live with their parents as lazy or unproductive, but that is not necessarily the case.  Many of them were working extremely hard to make it on their own, and as Jeremy Sopko has pointed out, “nobody wants to be living at home with mom and dad”…

‘For the most part, nobody wants to be living at home with mom and dad,’ Jeremy Sopko, CEO of Nations Lending Corporation, a mortgage lender told the Huffington Post.

 ‘It’s a difficult situation that’s been exacerbated by the pandemic and it may take years, if not the better part of a decade, for younger demographics to recover and be financially stable enough to leave home.’

And many parents may not be too thrilled to have their adult children living at home either.

But at this point we need to realize that times have fundamentally changed.

As economic conditions become even rougher, we are going to increasingly see situations where multiple generations are living under one roof, and there is nothing wrong with that.  Having each generation live separately in different homes is a relatively modern phenomenon, and it has been made possible by our incredible affluence.  But as the economy continues to collapse, survival is going to take precedence over convenience.

All over the nation, family is going to have to take care of family.  None of us can possibly take care of everyone out there that is hurting, but if we all take care of our family members that will make a tremendous difference.

If you have a home, you are going to need to be prepared to take in members of your family and extended family that fall on rough times.

If you don’t have a home, you will need to be humble enough to ask other members of your family or extended family for help if you need it.

I know that a lot of people may not like what I am suggesting, but we have to realize that the old rules don’t apply anymore.

We are in the middle of the worst economic collapse in modern times, and things are going to get much, much worse.

Already, some of the economic numbers that we are seeing are hard to believe because they are so bad.

For example, it is now being projected that 63 percent of all restaurants in New York are “likely to close by the end of the year”

On Thursday, the New York State Restaurant Association published the results of a survey that found the state’s restaurants are in need of financial support from the government after months of closures during the coronavirus pandemic.

According to the survey, 63.6% of restaurants in New York said they are “likely to close by the end of the year” without a relief package and only 36.4 percent said they are “likely or somewhat likely to remain open.”

63 percent.

How bad do things have to get before the economic optimists will admit that we have a complete and utter economic disaster on our hands?

And the civil unrest that is plaguing major cities all over the country just continues to roll on.

On Sunday, President Trump tweeted out a video of a rioter in Portland that accidentally set himself on fire with a Molotov cocktail

President Donald Trump ridiculed ongoing protests in Portland by tweeting a video of an activist accidentally setting himself on fire with a Molotov cocktail.

‘These are the Democrats “peaceful protests”. Sick!’ Trump panned on Sunday as he retweeted a clip of the activist and fellow protesters desperately trying to extinguish the blaze engulfing his pants.

This is the kind of civil unrest that I have been warning about for years, and now it is here.

There have been violent protests in Portland for 100 nights in a row, and that streak isn’t going to end any time soon.

And now the presidential election is less than two months away, and many fear that this will take things to an entirely new level.  If you would like to read my analysis of what is potentially ahead, please see my recent article entitled “Why We Are Facing The Biggest Election Nightmare In Modern American History No Matter Who Ends Up Winning”.

Things are going to get really nuts in the months ahead, and there will be no going back to the way that things were before.

When things get really difficult for you personally, you may need to move in with your parents or other members of your extended family.

On other other hand, if you are in good shape financially you may need to be the one that takes in members of your family or extended family.

Making it through what is ahead is not going to be easy, and we are all going to need someone to lean on at some point.

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

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.  By purchasing the book 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.  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)  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 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 as many people as we possibly can.

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