Is The Impeachment Effort Simply A Political Ploy To Win Votes For Democrats In 2020?

Could it be possible that Nancy Pelosi and her minions in the House of Representatives had a completely different goal than we thought this entire time?  As you will see below, the Democrats in the House plan to impeach President Trump, and it could potentially happen by the end of this month.  But there appears to be zero chance that Trump will be removed from office by the Senate, and many will consider that to be a major victory for the Republicans.  So why is Nancy Pelosi pushing ahead when she knows that this impeachment effort is going to fail?  Could it be possible that this entire drama has simply been a political ploy to win votes in November 2020?

Many have assumed that a backlash against impeachment will greatly benefit Trump during this election season.  But history has not been kind to other presidents that have gone through an impeachment process.

In 1868, President Andrew Johnson was impeached by Republicans in the House of Representatives.  Johnson was not convicted by the Senate, but Republicans went on to win the next presidential election.

In 1974, Republican Richard Nixon resigned rather than face almost certain impeachment.  Democrats won the next presidential election even though they had a relatively weak candidate (Jimmy Carter).

In 1998, Republicans in the House of Representatives impeached Bill Clinton, but the Senate did not remove him from office.  However, Republicans did end up winning the presidential election in 2000.

So that means that the opposition party is three for three in cases similar to what we are facing now.

Could that actually be the key number that top Democrats are looking at?

On Thursday, Nancy Pelosi announced that the House is moving forward with articles of impeachment, and one CNN article sounded almost giddy that this is actually happening…

House Speaker Nancy Pelosi moved the House much closer to impeachment Thursday when she officially directed the Judiciary Committee to draw up articles of impeachment. (As if it wasn’t already.)

But her announcement all but guarantees that President Donald Trump will be impeached. This is happening, people.

But Trump is not going to be removed from office, and millions of Democrats are going to be deeply disappointed when that does not happen.

Of course Nancy Pelosi has never suggested that her effort will be successful, and she continues to insist that her hand was forced by Trump

“I’m really sorry the president made this necessary by his complete disregard for the vision of our founders,” she told reporters Thursday. “An impeachment is not a pleasant experience. It can be divisive. We don’t take any glee in this at all. It’s heartbreaking. But the president gave us no choice.”

What Pelosi is trying to do is to take the moral high ground.  Her intended audience is voters in the middle of the political spectrum, because they are the ones that will decide the 2020 election.

And it appears that things could move along quite rapidly in the House from this point forward.  In fact, NBC News is reporting that House Democrats are being told “not to make plans” for the weekend just prior to Christmas…

Pelosi did not say whether she had set a deadline for committees to write the articles of impeachment or when a full House vote would take place. Members who attended a closed-door Democratic caucus meeting on Wednesday, however, said they understood that the House would vote on articles before the holiday recess. One member said they were told to “not make plans” for Dec. 21 or 22, the weekend before Christmas.

I have been warning for months that the Democrats were going to impeach Trump, but at first a lot of people didn’t believe me.

But at this point even Donald Trump appears to be resigned to the fact that he will be impeached

“If you are going to impeach me, do it now, fast, so we can have a fair trial in the Senate, and so that our Country can get back to business,” the president said in a pair of tweets shortly before Pelosi spoke.

It will only take a simple majority to impeach Trump in the House, and Democrats currently control 233 of the seats.

Of course there is still a possibility that some Democrats could actually vote against Pelosi, and one Democrat has already made it clear that he plans to do just that

Rep. Jeff Van Drew of New Jersey, one of two Democrats to vote against formalizing the impeachment inquiry, said he plans to vote against all the articles of impeachment “unless there’s something that I haven’t seen, haven’t heard before.”

He warned Democrats to “be careful what you wish for” and he added that impeachment “is tearing the nation apart. … And I want to bring people together.”

But a whole lot more Democrats are going to have to defect in order for the impeachment vote to fail, and right now there is absolutely no indication that is likely to happen.

In fact, most Democrats can’t wait to impeach Trump.  On Thursday, Representative Al Green actually suggested that they could try to impeach Trump again if the first attempt does not work

Thursday on C-SPAN, Rep. Al Green (D-TX) discussed impeachment, saying “there is no limit” to how many times the House and Senate can try to impeach President Donald Trump.

Green said he suspects Trump will have additional offenses in the future, so he believes House Speaker Nancy Pelosi (D-CA) will “move forward” with a vote to impeach Trump for his alleged quid pro quo demand with Ukraine and then try again “at a later time” if they find more during their investigations.

Sadly, most of the Democrats in Congress don’t seem to understand that they are tearing the country apart, and that could have very serious implications in the not too distant future.

But in Washington, winning is everything, and Democrats are absolutely obsessed with November 2020 right now.

Just consider what Nancy Pelosi told a CNN town hall on Thursday

“Let’s not even contemplate that,” Pelosi said at a CNN town hall Thursday evening in response to an audience question about what checks will exist in the House of Representatives if Trump is reelected and the impeachment process is over.

“Civilization as we know it today is at stake in the next election, and certainly our planet,” Pelosi said.

Nancy Pelosi knows that the Senate will not vote to convict Trump, but that is not what she is after.

Her grand plan has always been to damage Trump for the 2020 election, and only time will tell if her gamble was successful.

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 Blog, End 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 End, Get 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. This article may contain opinions on political matters, but it is not intended to promote the candidacy of any particular political candidate. 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.

24 Voices That Are Warning America About What Is Coming, And Most Of Them Are Being Censored And Persecuted

We have reached one of the most critical points in American history, and there should literally be thousands upon thousands of voices sounding the alarm about what is coming.  So where are they?  This is a question that I have been pondering quite a bit lately.  As you will see in this article, there are some wonderful people out there that have been trying to wake America up for a very long time.  Of course many of them are also being viciously attacked and systematically censored by the social media giants.  There is a price to pay for telling the truth in America today, and it is only going to get worse.

My wife encouraged me to write something positive today, and so I am going to give that a shot.  I am so troubled by the direction that this country is heading, and of course I am definitely not alone.  In this article, I am going to share a list of some other prominent voices that are warning about many of the exact same things that I am warning about.  Some of these names you will know, and some of these names you will not know.  My hope is that this list will allow many of you to discover some new voices that will be a blessing to you.  I have never been afraid to promote others, because the truth is that we are all part of the same team.

I apologize in advance for anyone that I may have overlooked that should be on this list.  That is always the danger in making a list like this, and I am sure I will be kicking myself later when readers email me and mention names that I forgot.

And please keep in mind that this is not a list of every good pundit, politician and preacher in America.  Instead, this is specifically a list of those that are sounding the alarm about what is ahead.  It is also important to keep in mind that not everyone on this list approaches things from the same perspective, but all of them deeply love this nation.  We are entering a time that will be unlike anything we have ever seen before in American history, and I wish that I could give you a list of thousands of “watchmen” that are trying to wake people up.  But for now, here is a list of 24 that I would recommend checking out…

#1 Alex Jones and the entire Infowars team – Alex and his team have been “the tip of the spear” for so many years, and I am so thankful for them.  They have been incredibly good to me, and I have always appreciated that they have always allowed me to say whatever I have wanted to say.  I can tell you from firsthand experience that they work incredibly hard, and the service that they provide the American people is invaluable.

#2 Mike Adams – The big tech companies have been trying to erase Mike Adams and NaturalNews.com from the Internet as much as they possibly can, but it hasn’t worked.  People know and trust the Health Ranger, and the information he provides is rock solid.  I have spent time with Mike in person, and he genuinely has a really good heart.  He truly wants to do the right thing, and he keeps getting persecuted for it.

#3 Steve Quayle – Has anyone on the Internet been sounding the alarm longer than Steve Quayle has?  Long before I ever started writing I was listening to Steve, and we all owe him a debt of gratitude.  His website is on my list of key news sites that I check on a daily basis, and I greatly admire his passion.  There is no question that he loves America, and it comes out in everything that he does.

#4 Zero Hedge – Speaking of key news sites, the guys over at Zero Hedge are doing an amazing job.  I still remember when Zero Hedge was a relatively new website, and it has maintained the same unique personality all this time.  Today, I consider it to be one of the most important news websites in the entire world.  I don’t just check it daily – I actually check it multiple times per day.

#5 Jonathan Cahn – Do you know why my friend Jonathan Cahn shines so brightly?  It is because he is so rare.  I wish that there were thousands more just like him, but there isn’t.  He is one of the greatest teachers in America, and if you ever want to get really fired up just pull up one of his videos on YouTube.  His books have touched millions and he is working incredibly hard to point America in the right direction.

#6 Dr. Michael Brown – Dr. Brown is one of the names on this list that I have never spoken to personally, but I hope that changes, because we are on the exact same wavelength much of the time.  His articles are always deeply insightful, and he is not afraid to say things that most others in the Christian community will not.  He is deeply intellectual, extremely wise and his voice is desperately needed in a time such as this.

#7 Mac Slavo – Mac has been running my articles on his excellent website for years, and I am very thankful for that.  Our websites came to prominence about the same time, and I have always considered him to be an extremely valuable member of the effort to wake America up.  He has always been very kind to me, and his information has had a tremendous impact from coast to coast.

#8 Daisy Luther – Daisy is known as “the Organic Prepper”, and she is one hard working lady.  She has a true gift for connecting with people, and her practical advice has helped countless numbers of families.  I have been featuring her articles periodically on The Most Important News, and I need to start doing that more often, because people love Daisy Luther.

#9 Carl Gallups – I wish that Carl lived right next door, because he just has a way of making people feel better.  He is simply the kind of guy that people love to hang out with.  I don’t know where he gets all of that energy, and when I got a chance to speak with him in person I was struck by how much joy he exudes.  And despite all of that, he never backs down from telling the truth, and he is always going to tell it to you straight.

#10 Marty Breeden – Many of you may not know Marty yet, but I hope that you soon will.  He is a former police officer with a really big heart, and he has been relentlessly warning America about what is ahead.  He actually went “code blue” twice, and what he experienced during that difficult time in the hospital changed his life forever.  Marty is a personal friend of mine, and I believe that his greatest days are still ahead.

#11 Stan Johnson – I have found that people either love Stan or they hate Stan.  And I can identify with that because I get attacked a lot too.  I love my friend Stan Johnson and I am so thankful for him.  My wife and I have been watching his videos for more than a decade, and he has continued to sound the alarm through thick and thin.  Stan and I developed an instant connection when we first met, and I know that he has a really good heart.

#12 Ricky Scaparo – Doesn’t Ricky do an absolutely fantastic job with End Time Headlines?  I check it every day, and I don’t know where he finds all of those stories.  I always find it humorous when he decides to redesign the site yet again, and hopefully he will stick with the current design for a while because it looks great.  And of course the information that he provides is always top notch.

#13 Dan Catlin – The work that Pastor Dan has done with the homeless in Wichita, Kansas is amazing, and he has been faithfully sounding the alarm on his radio shows for a very long time.  He has been so gracious to have me on his shows over and over again, and he has a super big heart.  I wish that there were thousands more Dan Catlins all over the country, because we definitely need more men like him.

#14 Bree Keyton – You might not know who Bree Keyton is, but you should.  Her work with the pygmies in Africa is the kind of stuff that legends are made out of, and she is absolutely fearless.  Every time I listen to her I learn something new, and she has been relentlessly warning America about what will happen if this nation doesn’t change direction.

#15 Augusto Perez – This is another voice that has been warning America about what is coming for a very long time.  Not a lot of people know Augusto, but he should be one of the most famous preachers in America.  He probably won’t get very popular until things really start going haywire, but Augusto was never in this for the fame.  He is just trying to be faithful to his call, and he is doing a great job.

#16 Zach Drew – I developed a close friendship with Zach from the very first time that I ever visited Morningside.  Of course he has his own show now, and it is doing very well.  Zach wants to be a voice that reaches the Millennials, and that is desperately needed at this hour.  We are losing an entire generation of young people, and I wish that there were thousands of more voices just like Zach trying to wake them up.

#17 Tom Horn – Does anyone else out there still remember Raiders News Network?  Of course that has evolved into SkywatchTV now, and Tom’s impact is literally felt all over the globe.  He dives deep into subjects that hardly anyone else will touch, and he has a sparkling reputation.  I hope that he continues his work for many more years to come, because he has become a tremendous light.

#18 L.A. Marzulli – L.A. has sure been through a lot over the years, but he has never lost his passion for his work.  He has truly gone places that no other researcher has gone before, and my wife and I have been exceedingly blessed by his videos.  And in the times that are coming, I believe that L.A.’s work will become more important than ever before.

#19 WND – Despite everything, WND continues to sound the alarm.  It was one of the very first big alternative websites on the Internet, and it has definitely been through some ups and downs.  But through it all the folks over there have continued to tell the truth, even though they have often paid a great price for doing so.

#20 Paul Begley – How in the world does Paul put out so many videos?  I just checked, and there are now over 14,000 videos on his YouTube channel.  Are you kidding me?  I know how much work it takes to do one video, and he just keeps pumping out multiple videos day after day after day.  He is deeply committed to waking people up, and he has developed a very large following.

#22 Michael Boldea – My wife and I are so thankful for Michael and for his late grandfather.  Michael continues to try to wake up America, and he also continues to help orphans in Romania through Hand of Help.  And this is something that I have found to be true with so many of these watchmen.  They are sounding the alarm, but they are also working hard to help those that are in need around them.

#23 Coach Dave Daubenmire – There is only one Coach Dave, and he is just as relentless as ever.  Could you imagine what this country would look like if we could clone Coach Dave and have those clones replace every single member of Congress?  He speaks the truth with great boldness, and he never backs down.

#24 Greg Hunter – Greg has become one of the top interviewers in America, and I am always amazed by the guests that he is able to book.  He very graciously invited me to be a guest on his show this week, and our conversation is definitely making a lot of waves.  But I think that our conversation after the interview was over was even better.  Greg is a really good guy, and I look forward to being on his show again soon.

So are there other names that you would add to this list?

Please feel free to tell me what you think by posting a comment below…

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 Blog, End 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 End, Get 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. This article may contain opinions on political matters, but it is not intended to promote the candidacy of any particular political candidate. 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.

Hope For A U.S.-China Trade Deal Is Completely Dead, And Wall Street Is Starting To Panic

The reality of what we are now facing is starting to sink in for Wall Street investors, and they are starting to panic.  Hope that the U.S. and China would be able to agree to a trade deal had fueled a tremendous stock market rally over the last couple of months, but of course it just turned out to be a cruel mirage.  There isn’t going to be a trade deal prior to the 2020 presidential election, and at this point even President Trump is telling us not to expect one before November 2020.  Just check out what he told the press on Tuesday

“In some ways, I like the idea of waiting until after the election for the China deal, but they want to make a deal now and we will see whether or not the deal is going to be right,” Trump told reporters earlier on Tuesday.

When asked if he had a deal deadline, he added: “I have no deadline, no … In some ways, I think it is better to wait until after the election if you want to know the truth.”

President Trump is attempting to spin things to make it sound like it is his decision to hold off on a trade deal, and that may be a politically savvy thing to do.

But the truth is that the Chinese never wanted to do a comprehensive trade deal with Trump.  They have been stringing him along all this time, because they wanted to delay Trump’s tariffs for as long as possible.  But their original intention was to wait until a Democrat was in the White House to cut a deal.

Of course at this point the Chinese have soured on the Democrats as well.  The Chinese government views the pro-democracy protesters in Hong Kong the way that we view ISIS and al-Qaeda, and from the very beginning they have accused the United States of starting those protests.  And now that President Trump has signed the “Hong Kong Human Rights and Democracy Act of 2019” after it was overwhelmingly passed by both the House and the Senate, the Chinese are beyond angry.  At this point our relationship with China has been completely destroyed, and from now on we are going to have a deeply adversarial relationship with them no matter who is in the White House.

President Trump has threatened to go ahead with more tariffs on China on December 15th, and since there is zero chance of a trade deal by then, that is exactly what we should expect.

And if that happens, Wharton Business School Professor of Finance Jeremy Siegel is warning that chaos could be unleashed on Wall Street

If Trump doesn’t reach a trade deal with China and “the tariffs get put on on Dec. 15 … I don’t know if I want to be around equities then,” Siegel said on CNBC’s Closing Bell on Tuesday.

Unfortunately, Siegel is precisely correct.  In fact, stock prices have already fallen for three days in a row, and the downturn really started to accelerate on Tuesday

The Dow Jones Industrial Average fell 280.23 points, or 1% to 27,502.81. The 30-stock average was led lower by trade-vulnerable Apple, Caterpillar and Boeing. The S&P 500 slid 0.7% to 3,093.20 amid losses in chip stocks like Nvidia, Micron and Advanced Micro Devices. The Nasdaq Composite lost about 0.6% to end the day at 8,520.64.

At its lows of the day, the Dow was down 457.91 points, or 1.7%. The S&P 500 dropped as much as 1.7% while the Nasdaq traded lower by as much as 1.6%.

Hopefully things will settle down for the rest of this week, but if December 15th comes and the tariffs are fully implemented, many analysts are warning that there could be panic.  Here is one example

And while the US may (or may not) end up victorious in such a showdown, it will give Wall Street strategists – who have all flipped a U-turn and reversed from extremely optimistic to suddenly pessimistic – copious opportunities to impress their clients with superlatives such as this one from Manulife managing director Sue Trinh, who said that “if tariffs scheduled for Dec. 15 are implemented it would be a huge shock to the market consensus,” adding that “Trump would be the Grinch that stole Christmas” if the December 15 tariffs go through.

Even though there isn’t going to be any sort of an agreement with China, it would be helpful for the U.S. economy if Trump decided to delay the December 15th tariffs.

I don’t think that is going to happen though.

Meanwhile, the Trump administration is also looking at raising tariffs on goods from France, Brazil and Argentina

Heightened trade fears come a day after Trump threatened new tariffs on several more countries. On Monday, the president said he would raise tariffs on steel and aluminum imports from Brazil and Argentina. He also proposed slapping tariffs on France’s exports.

As I recently discussed, global trade has now fallen for four months in a row, and it certainly appears that things could get even worse in the months ahead.

And that means that it is more likely than ever that the U.S. economy as a whole will plunge into a deep recession.  In fact, Legg Mason is warning their clients that “the probability of a recession over the next 12 months is 50%”

Legg Mason, a diversified global asset management firm, said the probability of a recession over the next 12 months is 50%.

According to the variables the firm looks at to determine the health of the economy, recession risk is rising, said Jeff Schulze, the investment strategist for ClearBridge Investments, at Legg Mason’s market outlook for 2020 last Monday in New York.

Of course in the long-term what we are facing is going to be far worse than just another recession.

The “bubble to end all bubbles” is starting to look exceedingly vulnerable, and it isn’t going to take very much at all to push us into a new financial crisis.

Investing is all about hope.  People put their money into stocks and bonds because they anticipate a positive future in which the value of their investments goes up.

If you take that hope away, the entire foundation crumbles.  And now that the relationship between the United States and China has been destroyed, the future is looking a whole lot more bleak for investors than it was just a few weeks ago.

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 Blog, End 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 End, Get 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. This article may contain opinions on political matters, but it is not intended to promote the candidacy of any particular political candidate. 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.

Signs Of The Times: Mt. Rainier And The New Madrid Fault Zone Were Both Just Hit By Significant Earthquakes

Mt. Rainier and the New Madrid fault zone are both shaking, and a catastrophic seismic event at either location would cause death and destruction on an unimaginable scale.  Mt. Rainier has been called “one of the most dangerous volcanoes in the world”, and scientists tell us that it is just a matter of time before a major eruption occurs.  When that day finally arrives, Mt. Rainier has the potential to bury hundreds of square miles with a colossal tsunami of super-heated mud that is literally several hundred feet deep.  And since Mt. Rainier is very close to major population centers, we are talking about the potential for the worst disaster that we have seen in modern American history.  But a massive earthquake along the New Madrid fault zone actually has the potential to be far worse.  A very deep scar under the ground that was created when North America was originally formed has made that part of the country very mechanically weak, and many experts believe that a big enough earthquake along that fault zone could literally rip the United States in half.

But before we discuss the New Madrid fault zone, let’s talk about what just happened at Mt. Rainier first.

According to the USGS, Mt. Rainier was hit by a magnitude 3.6 earthquake on Sunday afternoon

After a spurt of seismic activity this weekend, Mount Rainier National Park was shaken by a 3.6 magnitude earthquake Sunday afternoon.

The quake hit at 12:31 p.m. and was felt as far as Kent, nearly 80 miles away, the U.S. Geological Survey reported. The relatively shallow quake was centered roughly a mile beneath the earth’s surface.

In addition to that quake, there have been quite a few others in recent days.

In fact, it is being reported that Mt. Rainier has been hit by “more than a dozen” earthquakes since Thanksgiving day.

The Seattle Times is assuring us that this is perfectly normal, but they are also warning their readers that they “should prepare for what might happen in the event of an eruption” just in case…

Regardless, people living near Mount Rainier should prepare for what might happen in the event of an eruption, said Wes Thelen, a research seismologist at the Cascade Volcano Observatory. Specifically, an eruption could cause lahars — large volcanic mudflows — to rip down the side of the mountain.

Many of my readers clearly remember the eruption of Mount St. Helens in 1980, but a catastrophic eruption of Mt. Rainier would be so much worse that the two events would not even be worth comparing.  The following comes from Wikipedia

If Mt. Rainier were to erupt as powerfully as Mount St. Helens did in its May 18, 1980 eruption, the effect would be cumulatively greater, because of the far more massive amounts of glacial ice locked on the volcano compared to Mount St. Helens,[40] the vastly more heavily populated areas surrounding Rainier, and the simple fact that Mt Rainier is a much bigger volcano, almost twice the size of St. Helens.[49] Lahars from Rainier pose the most risk to life and property,[50] as many communities lie atop older lahar deposits. According to the United States Geological Survey (USGS), about 150,000 people live on top of old lahar deposits of Rainier.[9] Not only is there much ice atop the volcano, the volcano is also slowly being weakened by hydrothermal activity. According to Geoff Clayton, a geologist with a Washington State Geology firm, RH2 Engineering, a repeat of the 5000-year-old Osceola Mudflow would destroy Enumclaw, Orting, Kent, Auburn, Puyallup, Sumner and all of Renton.[39] Such a mudflow might also reach down the Duwamish estuary and destroy parts of downtown Seattle, and cause tsunami in Puget Sound and Lake Washington.[51] Rainier is also capable of producing pyroclastic flows and expelling lava.[51]

A lahar is essentially a giant tsunami of super-heated mud, and they can be hundreds of feet high.  If you live in that region, you might be thinking that you will just outrun any lahar that is headed your way, but the truth is that the highways will instantly be jammed once an eruption happens and a lahar can travel at speeds of up to 50 miles per hour.  The following is how one author described the danger that those living in the area could potentially be facing…

The numerous towns and cities that occupy the surrounding valley would all be at risk for not only severe destruction, but complete annihilation. Residents of cities like Orting, Sumner, Buckley, and Enumclaw are estimated to have no more than 30 minutes before the lahar, speeding down from the many rivers that flow from Mount Rainier, buries their homes and businesses beneath as much as 30 feet of mud and debris. Even the larger cities like Auburn, Puyallup, and Tacoma itself are not safe. Auburn and Puyallup, with nearly 80,000 residents between them, would be covered in 20 feet of mud in less than an hour, and Tacoma, at almost 200,000, is estimated to be hit with nearly 10 feet from the lahar.

As you can see, the death and destruction would be off the charts, and let us hope that such a disaster does not arrive any time soon.

And as I mentioned earlier, a major earthquake along the New Madrid fault zone has the potential to create even greater death and destruction.

According to scientists, the New Madrid fault zone sits directly above a very deep geological scar that was created when North America was formed.  According to Wikipedia, this immense scar makes “the Earth’s crust in the New Madrid area mechanically weaker than much of the rest of North America”.

Today, the New Madrid fault zone is approximately six times bigger than the San Andreas fault zone in California.  It covers portions of Illinois, Indiana, Ohio, Missouri, Arkansas, Kentucky, Tennessee and Mississippi, and the largest earthquakes in the lower 48 states have happened in this region.

Scientists assure us that it is just a matter of time before more catastrophic earthquakes hit this fault zone, and that is why what has been happening near the town of Ridgely, Tennessee in recent days is so concerning

A swarm of at least 15 earthquakes reaching up to 2.1 magnitude rattled Ridgely, Tennessee — a small town near the Mississippi River — over a two-day period, the U.S. Geological Survey reports.

The other quakes in the swarm ranged from 1.1 to 1.5 magnitude, according to the USGS.

Most Americans have never heard of Ridgely, and it is definitely a very small town, but what makes this so important is that Ridgely sits directly inside the New Madrid fault zone

Ridgely is home to just 1,657 people, according to the U.S. Census Bureau, and sits less than four miles from the banks of the Mississippi River.

It’s also part of the New Madrid Seismic Zone — which the Missouri Department of Natural Resources refers to as “the most active seismic area in the United States, east of the Rocky Mountains.”

In 1811 and 1812, four absolutely massive earthquakes along the New Madrid fault zone opened up very deep fissures in the ground, they caused the Mississippi River to actually run backwards in certain places, and they were reportedly felt as far away as Washington D.C. and Boston.

Fortunately, very few people populated the region in those days, but if such a quake happened today the death and destruction would be unimaginable.  The following description of one of the quakes that happened in 1811 comes from Smithsonian.com, and for a moment I would like for you to imagine what would happen if such an earthquake happened in our time…

The Midwest was sparsely populated, and deaths were few. But 8-year-old Godfrey Lesieur saw the ground “rolling in waves.” Michael Braunm observed the river suddenly rise up “like a great loaf of bread to the height of many feet.” Sections of riverbed below the Mississippi rose so high that part of the river ran backward. Thousands of fissures ripped open fields, and geysers burst from the earth, spewing sand, water, mud and coal high into the air.

The New Madrid fault zone has altered the course of the Mississippi River before, and someday it will happen again.

We live at a time when our planet appears to be getting increasing unstable.  In addition to the other earthquakes that I have already mentioned, Alaska was actually hit by a magnitude 6.0 earthquake on Monday.

Unfortunately, most Americans are not going to start caring about the warning signs until a major disaster has already happened.

Most people will simply not wake up without a major amount of shaking, and let us hope that such a day can be put off for as long as possible.

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 Blog, End 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 End, Get 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. This article may contain opinions on political matters, but it is not intended to promote the candidacy of any particular political candidate. 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.

47 Percent Of GDP – This Is Definitely The Scariest Corporate Debt Bubble In U.S. History

We are facing a corporate debt bomb that is far, far greater than what we faced in 2008, and we are being warned that this “unexploded bomb” will “amplify everything” once the financial system starts melting down.  Thanks to exceedingly low interest rates, over the last decade U.S. corporations have been able to go on the greatest corporate debt binge in history.  It has been a tremendous “boom”, but it has also set the stage for a tremendous “bust”.  Large corporations all over the country are now really struggling to deal with their colossal debt burdens, and defaults on the riskiest class of corporate debt are on pace to hit their highest level since 2008.  Everyone can see that a major corporate debt disaster is looming, but nobody seems to know how to stop it.

At this point, companies listed on our stock exchanges have accumulated a total of almost 10 trillion dollars of debt.  That is equivalent to approximately 47 percent of U.S. GDP

A decade of historically low interest rates has allowed companies to sell record amounts of bonds to investors, sending total U.S. corporate debt to nearly $10 trillion, or a record 47% of the overall economy.

In recent weeks, the Federal Reserve, the International Monetary Fund and major institutional investors such as BlackRock and American Funds all have sounded the alarm about the mounting corporate obligations.

We have never witnessed a corporate debt crisis of this magnitude.

Corporate debt is up a whopping 52 percent since 2008, and this bubble is continually growing.

And actually the 10 trillion dollar figure is the most conservative number out there.  Because if you add in all other forms of corporate debt, the grand total comes to 15.5 trillion dollars.  The following comes from Forbes

Total corporate debt is actually much higher. Adding the debt of small medium sized enterprises, family businesses, and other business which are not listed in stock exchanges ads another $5.5 trillion. In other words, total US corporate debt is $15.5 trillion, 74% of US GDP.

Needless to say, this mountain of corporate debt is definitely not sustainable, and I have already noted that defaults are rising.  One expert recently explained that all of this debt is “an exploded bomb” and that at some point something will come along to “trigger the explosion”…

“We are sitting on the top of an unexploded bomb, and we really don’t know what will trigger the explosion,” said Emre Tiftik, a debt specialist at the Institute of International Finance, an industry association.

Right now a lot of large corporations are so maxed out that they can barely service their debts.  So when things start getting really bad for the economy, we could be facing a wave of defaults unlike anything we have ever seen before.

When asked about what this will mean during the next recession, a finance professor at the University of Pennsylvania warned that it will “make everything happen faster, larger, worse”

“It’s going to amplify everything,” said Krista Schwarz, a finance professor at the University of Pennsylvania’s Wharton School. “It’s going to make everything happen faster, larger, worse. The recession would just be that much deeper.”

It sounds like she could be a writer for The Economic Collapse Blog.

Of course I am being a bit silly, but the truth is that there is nothing silly about the giant mountain of debt that our society is facing.

In addition to our looming corporate debt crisis, U.S. consumers are 14 trillion dollars in debt, state and local government debt levels are at record highs, and the U.S. national debt just hit the 23 trillion dollar mark.

If you can believe it, we have actually added another 1.3 trillion dollars to the national debt just since last Thanksgiving

The federal debt has increased by $1,303,466.578.471.45 since last Thanksgiving, according to data released by the U.S. Treasury.

That is the largest Thanksgiving-to-Thanksgiving increase in the debt in nine years. The last time the debt increased more from Thanksgiving to Thanksgiving was in 2010, when it increased by $1,785,995,360,978.10.

It also equals approximately $10,137.48 per household in the United States.

Adding 1.3 trillion dollars to the national debt in 12 months while things are still relatively stable is utter insanity, and what we are doing to future generations of Americans is beyond criminal.

And we aren’t even spending the money well.  In fact, Senator Rand Paul continues to document how we are wasting money in some of the most ridiculous ways imaginable

Sen. Rand Paul is continuing to expose the rampant waste of tax dollars by our government agencies. In a special Fall edition of his Waste Report, the Kentucky senator highlights some of the most wasteful expenditures of our federal government, including a half-a-million-dollar toilet nobody could use and a $22 million project to bring Serbian cheeses up to international standards.

“Once again, The Waste Report takes a closer look at just some of what the federal government is doing with the American people’s hard-earned money, this time including stories of it continuing to turn over so many taxpayer dollars to the Washington Metropolitan Area Transit Authority, funding research that involves hooking Zebrafish on nicotine, buying textbooks for Afghan students that are subpar or sitting in warehouses, and more in a list that totals over $230 million,” states a press release from Sen. Paul’s office.

Of course it isn’t just the United States that is drowning under an ocean of red ink.  As Bloomberg has detailed, when you total up all forms of debt in the world it comes to a grand total of 250 trillion dollars…

Zombie companies in China. Crippling student bills in America. Sky-high mortgages in Australia. Another default scare in Argentina.

A decade of easy money has left the world with a record $250 trillion of government, corporate and household debt. That’s almost three times global economic output and equates to about $32,500 for every man, woman and child on earth.

So if you have a household of four, your share comes to $130,000.

Are you ready to pay up?

In the end, all of this debt will never be paid off.  Instead, the bubble will just keep ballooning until it inevitably bursts.

And when it finally bursts, many are warning of a complete and total meltdown.  In fact, Rick Ackerman believes that “a Mad Max scenario” is likely…

Ackerman contends, “I am a little more bearish than that. I see a Mad Max scenario as inevitable. . . . I try not to think about it because we’ve all got lives to live and kids to raise. . . . When you go back to the calculous of deflation and that every penny of every debt must be paid, if not by the borrower then by the lender, we have already put ourselves into a condition where Social Security is going to fail. Medicare is going to fail. All the ‘just-in-time’ deliveries are going to be in jeopardy. Food from the grocery stores, one day shipping from Amazon, I don’t see how all these things can continue to operate in a condition other than in the false prosperity that we have now. We are at the pinnacle of affluence.”

I haven’t been able to find anyone that can logically argue that the road that we are currently on has a positive ending.

The truth is that we are headed for complete and total disaster, and the only real debate is about how long it will take for us to get there.

So enjoy these moments of relative stability while you still can, because it is only a matter of time before we go over the precipice.

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 Blog, End 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 End, Get 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. This article may contain opinions on political matters, but it is not intended to promote the candidacy of any particular political candidate. 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.

5 More Signs That The Global Economy Is Careening Toward A Recession

The global economy is already in the worst distress that we have seen since 2008, and it appears that the global slowdown is actually picking up pace as we head into 2020.  And this is happening even though central banks around the world have been cutting interest rates and pumping massive amounts of money into their respective financial systems.  The central bankers appear to be losing control, and it certainly wouldn’t take much of a push for this new crisis to evolve into a complete and utter nightmare.  The U.S. economy hasn’t been hit quite as hard as economies in Asia and Europe have been, but without a doubt things are slowing down here too.  Corporate earnings have been falling quarter after quarter, auto loan delinquencies just hit a record high, the Cass Freight Index has declined for 11 consecutive months, and we just witnessed the largest drop for U.S. industrial production since 2009.  Everywhere around us there is bad economic news, but most Americans are still completely oblivious to what is happening.

In this article, I am going to share even more evidence that a global economic slowdown has already begun.  When you add these numbers to all of the other numbers that I have been sharing in recent weeks, it becomes impossible to deny that something major is taking place.

The following are 5 more signs that the global economy is careening toward a recession…

#1 It is being projected that global auto sales will be down approximately 4 percent this year.  According to CNN, this will be the second consecutive year that global auto sales have fallen…

With only a month left in the year, global auto sales are on track for a 3.1 million drop, about 4%, for the year, according to Fitch. That would be the biggest decline since 2008, when the financial crisis hit, and the second year in a row that sales have fallen. Fitch expects worldwide car sales to total 77.5 million in 2019.

#2 Global trade just keeps falling.  According to Zero Hedge, total global trade has now declined on a year over year basis for four months in a row…

Global trade on a YoY basis contracted by 1.1% in September, marking the fourth consecutive YoY declines and the most extended period of subdued trade since the financial crisis in 2009.

The CPB said supply chain disruptions between the US and China, due mostly to the trade war, were the most significant drag on international trade volumes. US volumes fell 2.1% in September MoM. Though in China, imports plunged 6.9% MoM.

As you can see from those first two examples, we keep witnessing things happen that we haven’t seen since the last financial crisis.  Over the past few months, I have used phrases such as “since 2008” and “since 2009” over and over again.  We literally have not seen economic numbers this bad since the last recession, and we are still in the very early phases of this new downturn.

And in some cases, the numbers are actually even worse than anything that we saw during the last recession, and that brings us to our next sign…

#3 Chinese industrial profits just fell by the largest percentage ever recorded

China Industrial Enterprises total profits collapsed in October to CNY427.5bn from CNY575.6bn in September – a 9.9% YoY plunge, the biggest drop on record.

In fact, China’s Industrial sector has seen annual declines in its profits for 4 of the last 6 months.

The trade war has hit the Chinese economy really hard, but it doesn’t look like a trade deal will happen any time soon.

#4 U.S. consumer confidence has now fallen for four months in a row

Consumer confidence dipped for a fourth straight month in November as economic conditions weaken toward the end of 2019, data released Tuesday by The Conference Board shows.

The board’s consumer confidence index dipped to 125.5 this month. That’s down from 126.1 in October. Economists polled by Dow Jones expected the index to rise to 126.6.

This wasn’t supposed to happen, and if it keeps happening that is going to have important implications for the 2020 election.

#5 Even the wealthy are cutting back on their spending.  According to Yahoo Finance, this is a continuation of a trend that we have been seeing for the past three quarters…

Spending by the top 10% fell 1% in the second quarter from the same period last year, according to an analysis of Federal Reserve data by Moody’s Analytics. And a four-quarter average of outlays by the high earners has slipped on an annual basis the past three quarters, marking the first such declines since the Great Recession of 2007-09.

In recent years, global central banks have engaged in unprecedented intervention in an attempt to stave off another crisis, and for a while their efforts appeared to be successful.

But just because the coming crisis was delayed does not mean that it was canceled.

In fact, over the past few years our long-term financial problems have actually gotten a lot worse.  We are facing the biggest debt bubble in the history of the planet, global financial markets are more primed for a crash than they have ever been before, and civil unrest is breaking out all over the world.  The stage is certainly set for “the perfect storm” that I keep talking about, and most Americans have absolutely no idea what is coming.

In all the time that I have been writing about the global economy, things have never looked more ominous then they do right now.

So buckle up and hold on tight, because it certainly looks like we are in for a very bumpy ride in the months ahead.

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 Blog, End 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 End, Get 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. This article may contain opinions on political matters, but it is not intended to promote the candidacy of any particular political candidate. 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.

Black Friday Is Coming, And 48 Million Americans Still Have Holiday Debt From Last Year

The biggest shopping day of the year is almost here, and marketers are working hard trying to extract as much money from U.S. consumers as possible.  Unfortunately, it is becoming increasingly difficult to get consumers to open up their wallets, because many of them are already drowning in debt.  As a society, we have been trained to think of this as “the happiest time of the year”, and for many Americans the most important part of the holiday season is opening presents on Christmas morning.  So there is a tremendous amount of pressure to spend a lot of money on presents, but this often leads to high levels of credit card debt.  In fact, a survey that was just released discovered that 48 million Americans “are still paying off credit card debt from last holiday season”

The holidays can be hard: cooking elaborate meals, facing frigid temperatures, making travel plans that please everyone.

Overspending, however, is too easy. In fact, about 48 million Americans are still paying off credit card debt from last holiday season, according to a NerdWallet survey conducted by The Harris Poll.

Sadly, some of those consumers will end up paying the credit card companies more than twice what those Christmas presents originally cost, and it can be exceedingly difficult to ever get ahead when you are trapped in a seemingly endless cycle of debt.

So why do people do it?

Well, according to one financial therapist many Americans are chasing an “emotional experience” this time of the year…

Gift-buying requires money, time and energy when you may already feel overwhelmed, says Los Angeles-based financial therapist Amanda Clayman. During the holidays, “we’re chasing a sort of emotional experience,” she says. Think: the love and happiness of a Hallmark movie.

But feelings of grief or longing may be more realistic. “This is a sad and lonely time for many people,” says Sarah Newcomb, behavioral economist for Morningstar. Shopping (for anything or everything) can be a convenient coping mechanism.

We want what we see on television, but what we see on television is not real.

In the end, many Americans leave the holiday season feeling deeply disappointed, because what they were chasing was just an illusion.

Yes, some wealthy families will literally have hundreds of presents under their Christmas trees this holiday season, but most American families are deeply struggling these days.

In fact, over two million of us are actually living without basic necessities such as “running water or indoor plumbing”.  The following comes from Daisy Luther

A new report says that more than 2 million Americans in West Virginia, Alabama, Texas and the Navajo Nation Reservation in the Southwest are living without clean running water or indoor plumbing. They’re drinking from polluted streams. They’re carrying buckets of the same water home for washing. They’re urinating and defecating outside with no wastewater treatment.

The gap between the rich and the poor continues to grow, and at this point the wealthiest 0.1 percent of all Americans now have as much wealth as the poorest 90 percent of all Americans combined.

Let that sink in for a moment.

That is a recipe for societal disaster, and it is getting worse with each passing year.

A big reason for this is because the Federal Reserve has been artificially pumping up the financial markets, and on Monday stocks hit yet another all-time high

The S&P 500 and Nasdaq Composite hit all-time closing highs as they rose 0.8% to 3,133.64 and 1.3% to 8,632.49, respectively. Both indexes also notched intraday records. The Dow Jones Industrial Average also had a record close, gaining 190.85 points, or 0.5% to 28,066.47.

President Donald Trump tweeted about the record, saying: “Enjoy!”

But what most Americans don’t understand is that 84 percent of all stock market wealth is owned by the wealthiest 10 percent of all Americans.

Of course the stock market bubble won’t last indefinitely.  We are already in an earnings recession, and that earnings recession is expected to continue in the fourth quarter

Earnings in the S&P 500 index SPX, +0.75%  are now projected to decline 1.51% in the fourth quarter from the year before, according to a FactSet computation of analysts’ average forecasts for individual companies. An earnings recession is defined as two quarters or more of consecutive year-over-year declines, and earnings for S&P 500 components dipped in the first two quarters of 2019 and are all but certain to do so again in the third quarter — with nearly 95% of calendar third-quarter reports posted, earnings have dropped 2.34%, the biggest decline so far this year.

And about 75 percent of the time, an earnings recession leads into a full-blown recession for the economy as a whole

Three-fourths (75%) of earnings recessions since World War II have morphed into economic recessions, said CFRA Chief Investment Strategist Sam Stovall, who told Market Watch that he has been “scratching his head” trying to reconcile analyst pessimism around earnings with continued stock-market rallies.

So the truth is that those that are celebrating what the stock market is doing are not likely to be celebrating for too much longer.

And every day we continue to get more bad news from the real economy.  For example, we just learned that the largest maker of truck engines in the United States will be laying off about 2,000 workers

Those market trends are now impacting Cummins, a Columbus, Ind., manufacturer of heavy equipment. It’s the largest manufacturer of Class 8 truck engines, claiming a 38.3% market share in 2018 over competitors like Daimler and Volvo/Mack.

Cummins spokesperson Jon Mills confirmed to Business Insider that the company, which employs some 62,610 globally, will reduce its global workforce by about 2,000. Those layoffs will be complete by the first quarter of 2020, he said.

As a “perfect storm” overtakes America, many believe that this will be the last “normal” holiday season that Americans will be able to enjoy.

It has become exceedingly clear that very hard times are coming, and quite a few experts believe that the crisis that is ahead will be even worse than what we experienced in 2008.

So enjoy the time that you are able to spend with your family and friends over the coming weeks, because major changes are already starting to happen, and our nation will soon be dealing with one major headache after another.

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 Blog, End 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 End, Get 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. This article may contain opinions on political matters, but it is not intended to promote the candidacy of any particular political candidate. 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.

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