This Is Why We Are Facing A 6 Week Countdown To Immense Economic Despair…

Many of the emergency economic measures that were put into place to support the American people financially throughout this pandemic are about to disappear, and that means that big trouble is on the horizon.  Right now, we are in the midst of the deepest economic downturn since the Great Depression of the 1930s.  Economic activity has fallen dramatically, more than 100,000 businesses have permanently closed, and more than 44 million Americans have lost a job so far in 2020.  But up to this point most Americans are not feeling too much economic pain thanks to unprecedented intervention by the federal government.  Unfortunately, that short-term boost of artificial relief is about to wear off, and that is going to cause some major problems as we approach the end of this calendar year.

Earlier today, two sentences from a Buzzfeed article about the extreme economic despair that is ahead of us really got my attention…

The US economy right now is like a jumbo jet that’s in a steady glide after both its engines flamed out. In about six weeks, it will likely crash into the side of a mountain.

I think that is a perfect description of what we are facing, except that I would replace “U.S. economy” with “U.S. consumers”.

The truth is that the economy has already crashed, but consumers have been shielded from the effects of that crash by trillions of dollars in emergency government spending and other unprecedented measures

What’s kept us in the air so far is an extraordinary government relief effort. In most states, evictions have been temporarily banned, preventing a mass homelessness crisis. Most federal student loan payments have been put on hold, removing one of the largest recurring monthly expenses that millions of people face. Banks were ordered to give their customers a six-month break on mortgage payments if requested.

Most importantly, and counterintuitively, household income sharply increased in April as hundreds of billions of dollars in lost wages were replaced by trillions in government spending. The government sent out more than 159 million stimulus payments of up to $1,200 per adult (more if you have kids), and more than 20 million unemployed people became eligible for an extra $600 a week in federal unemployment benefits. The result, according to Bloomberg, was the largest monthly increase in household income ever recorded.

What we have witnessed has been a sudden transfer of wealth that is unlike anything we have ever seen in all of U.S. history, and this has allowed most Americans to get through the past few months without too much of a problem.  In fact, many unemployed workers have been bringing home more money than they did when they were actually working.

But on July 31st (about 6 weeks from now) that is all going to change.

The $600 unemployment bonuses are scheduled to end on that date, and President Trump and Republican leaders in Congress have made it clear that they have no intention of extending them.

In addition, it looks like there will be no more direct checks from the government for ordinary Americans even if another “stimulus bill” is passed.

So tens of millions of Americans will soon be facing a future in which they are bringing in very little income.

In addition, the various bans on evictions around the country will soon be coming to an end, as will the grace periods for mortgage payments.

Without enough income coming in, a lot of Americans will soon be losing their homes, and this will likely really start ramping up as we head into the holiday season.

On top of everything else, the grace period on federal student loans will come to an end at the beginning of October.

Ouch.

Basically, all of the economic pain that had been deferred will come rushing back with a vengeance over the next several months.

Of course Congress could delay things a bit more by borrowing and spending trillions of more dollars that we simply do not have, but all of the reckless spending that they have done already has put us in very perilous territory

Trillions are now whooshing by at a breath-taking pace. The US gross national debt – the total of all Treasury securities outstanding – jumped by $1 trillion over the past five weeks, from May 4 through June 8, and by $2.5 trillion for the 11 weeks since March 23.

The total US national debt outstanding has reached $26 trillion, according to the Treasury Department.

It took from the founding of the United States until 1981 for the U.S. national debt to reach one trillion dollars, and now we have added that same amount to the debt in just five weeks.

Wow.

Our elected officials are absolutely destroying our future, but most Americans don’t seem too alarmed by this.

Instead, many are clamoring for even more “free money”, because they say that what they have gotten so far is not nearly enough.

Of course the federal spending that has already taken place has not exactly had the desired effect.

Americans were supposed to take the money they were receiving and spend it.

But instead, one recent survey found that most Americans are actually cutting back on their spending right now…

  • Saving more money: 34% of survey respondents indicate they’ve upped their savings rate because of the novel coronavirus.
  • Reducing spending: During these turbulent times, 59% of Americans have cut their budgets so they aren’t spending as much money as they did pre-pandemic.
  • Re-evaluating their priorities: 48% of those surveyed indicate they are prioritizing living expenses, while 30% of respondents indicate their top priority is consumables, including food and drink.

No matter how much money Congress showers on the American people, they aren’t going to be able to eliminate the overwhelming fear that COVID-19 has created.

For the foreseeable future, a large portion of the population is simply not going to resume their normal economic patterns because they are scared of the virus.

And in many of our large cities, rioting, looting and violence has depressed economic activity even further.

A major economic downturn is here, and it looks like it is going to be very, very deep.

Congress was able to minimize the discomfort for a while, but those emergency measures were only intended to help for a short period of time, and in about six weeks the entire country is going to start feeling a tremendous amount of pain.

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

It Only Took 2 Days For Seattle’s “Autonomous Zone” To Descend Into Chaos…

Protesters in Seattle decided that they were going to give us a living, breathing example of how the world should really operate.  The police were completely kicked out of a six block area of downtown Seattle, and armed guards were posted at all the entrances to the “Capital Hill Autonomous Zone” in order to make sure that their “utopia” would not be interrupted.  At first, people were dancing and singing in the streets, free food was being passed out to everyone, gardens were being started, and free movies were being played at night under the stars.  It was such a glorious beginning for “CHAZ”, but within hours major problems began to develop.

The protesters wanted to show everyone how compassionate they could be, and so they invited Seattle’s homeless population to share their free food.

Well, it turns out that the homeless people grabbed more of the food than they should have, and that created quite a crisis…

Yes, she was being quite serious.

If you live near CHAZ and you have extra “vegan meat substitutes, fruits, oats, soy products, etc.” laying around, there are some really hungry radicals that would really appreciate the help.

But please don’t bring them anything that has been heavily processed because that will just make them angry, and if you try to give them anything that contains real meat that could potentially set off a riot.

In addition to a looming food shortage, residents of CHAZ are also dealing with a leadership crisis.  Now that all the police are gone, it was just a matter of time before someone else took charge, and the person that has taken charge is a “heavily-armed” rapper named Raz Simone

Seattle’s new “autonomous zone” – a six-block area established by protesters after the police and National Guard pulled out of city’s Capitol Hill neighborhood – now has a ‘heavily-armed’ warlord, and he’s already enforcing his streets.

Soundcloud rapper Raz Simone and his entourage have claimed the Capitol Hill Autonomous Zone (CHAZ) as their territory – and have already been filmed regulating when a man wouldn’t stop spraying graffiti over an urban art installation, telling him “We are the police of this community now!”

Somehow Simone was able to get his hands on an AK-47, and even though we keep being told that these are “peaceful protests”, Simone has told those under his command that what they are facing “is war”

Simone, a local rapper with an AK-47 slung from his shoulder and a pistol attached to his hip, screamed, “This is war!” into a white-and-red megaphone and instructed armed paramilitaries to guard the barricades in shifts.

Before this stunt, hardly anyone had ever heard of Raz Simone, and I suppose that this is one way to make a name for yourself and sell a lot of records.

At first, Washington Governor Jay Inslee insisted that he didn’t even know that activists had taken over a large section of downtown Seattle.

Later on, he changed his tune, and now he is saying that he is hoping for a peaceful resolution.

And hopefully that is precisely what we will see, but for now the protesters appear to be determined to dig in for the long haul.

Needless to say, President Trump is not amused by any of this.

In fact, he is warning that if local officials do not shut down CHAZ, he will do it himself

President Trump issued a demand for Democratic controlled Seattle to be brought back under order immediately, as Antifa anarchists claimed control of a six-block zone and a police station.

“Radical Left Governor [of Washington, Jay Inslee] and the Mayor of Seattle are being taunted and played at a level that our great Country has never seen before,” Trump tweeted late on Wednesday.

“Take back your city NOW. If you don’t do it, I will. This is not a game. These ugly Anarchists must be stooped [sic] IMMEDIATELY. MOVE FAST!’” he continued.

It is hard to believe that this is actually happening in America.

But as I keep warning, what we have seen so far is just the beginning.  As economic conditions deteriorate, Americans are just going to get even angrier and even more frustrated.

On Thursday, we learned that another 1.5 million Americans filed new claims for unemployment benefits last week…

About 1.5 million Americans filed first-time applications for unemployment insurance last week, the Labor Department said Thursday. That pushes the tally of those who have made initial claims – a rough measure of layoffs – over the past 12 weeks to a staggering 44.1 million.

This wasn’t supposed to happen.  Once states started reopening, the tsunami of job losses was supposed to stop, but instead we continue to see Americans lose their jobs at a pace that is far beyond anything we have ever witnessed in all of U.S. history.

As I keep reminding my readers, the all-time record for a single week prior to this year was just 695,000.  So until we get below that level, nobody should even think of using the word “recovery” to describe what is happening.

The truth is that the U.S. economy continues to fall apart all around us, and at this point even the New York Times is admitting that damage has been done “to millions of interconnections” throughout our economic system…

The fabric of the economy has been ripped, with damage done to millions of interconnections — between workers and employers, companies and their suppliers, borrowers and lenders. Both the historical evidence from severe economic crises and the data available today point to enormous delayed effects.

“There’s a lot of denial here, as there was in the 1930s,” said Eric Rauchway, a historian at the University of California, Davis, who has written extensively about the Great Depression. “At the beginning of the Depression, nobody wanted to admit that it was a crisis. The actions the government took were not adequate to the scope of the problem, yet they were very quick to say there had been a turnaround.”

If you think that the anger that we have experienced so far is something, just wait until you see what is coming in the years ahead.

We have entered a very disturbing new chapter in U.S. history, and events are beginning to spiral out of control.

Tens of millions of Americans have already lost their jobs, and the very generous unemployment bonuses that they have been getting are set to expire at the end of July.

A great deal of economic pain is on the horizon, a long, hot summer awaits us, and this is an election year.

All of that adds up to big trouble, and more major societal turmoil could be sparked at any moment.

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

No, The U.S. Economy Will Definitely Not Be Returning To “Normal”. In Fact, Things Will Soon Get Even Worse.

2020 has been quite a year so far.  It has been one nightmare after another, and yet the economic optimists continue to insist that economic activity will soon snap back to normal levels somehow.  So the economic optimists aren’t really alarmed by the fact that the core areas of our major cities have been torched, gutted and looted by rioters, because they assume that all of this violence is just a temporary phenomenon and that any damage that has been done can be repaired.  And they aren’t really alarmed by the fact that the COVID-19 pandemic is starting to escalate again.  In fact, over the last seven days we have seen the number of newly confirmed cases around the globe hit levels that we have never seen before.  They just assume that “the worst is behind us” and that the vast majority of the businesses and jobs that have been lost during this pandemic will be quickly recovered.

Wouldn’t it be wonderful if they were actually correct?

Sadly, the truth is that economic conditions will not be returning to normal.  Yes, some of the jobs that were lost will be recovered as states start to “reopen” their economies.  But more than 100,000 businesses have already permanently closed during this new economic downturn, and all of those jobs are lost forever.

And yes, the level of economic activity will rise as states end their lockdowns, but it will still be much lower than it was before COVID-19 started spreading like wildfire in the United States.

At this point, even the perpetually optimistic OECD is admitting that global economic activity as a whole will be way down in 2020

If a second outbreak is seen, the OECD forecasts global growth will plunge by 7.6% in 2020, and “remain well short” of its growth activity levels from 2019, suggesting no V-shaped recovery. If a second wave can be avoided, the OECD forecasts the world economy will still contract by 6% this year and again fail to recover to pre-corona levels by the end of 2021.

“Both scenarios are sobering, as the economic activity does not and cannot return to normal under these circumstances,” OECD chief economist Laurence Boone wrote in the report.

A 6 or 7 percent decline in worldwide GDP is definitely not “normal”.

Actually, if this OECD projection turns out to be accurate, we will be talking about a “global depression” by the end of the year.

Here in the U.S., a key measure of consumer optimism just dropped by 5.4 percent even though state economies all over the country are “reopening”…

The IBD/TIPP Economic Optimism Index, a leading national poll on consumer confidence, declined by 5.4% in June. The index’s reading of 47.0 is at its lowest mark since September 2016. It also places the index in negative territory for the third consecutive month. For the IBD/TIPP indexes, a reading below 50.0 indicates pessimism.

But all of the optimists keep telling me that things are “getting better”.

In fact, they just keep on insisting that a new golden age for America is right around the corner.

Well, apparently the largest jewelry retailer in the U.S. doesn’t share that optimism, because they just announced that they will be closing at least 150 stores

The world’s largest retailer of diamond jewelry says it will not reopen at least 150 of its North America stores that were temporarily shuttered in March due to the COVID-19 pandemic.

Signet Jewelers, which operates 3,172 stores globally primarily under the name brands of Kay Jewelers, Zales, Jared The Galleria Of Jewelry and Piercing Pagoda, also plans to close an additional 150 stores by the end of its fiscal year, which ends in February 2021.

Overall, the U.S. retail industry is facing a tsunami of store closings that is unlike anything we have ever seen before

As many as 25,000 U.S. stores could close permanently this year after the coronavirus pandemic devastated an industry where many mall-based retailers were already struggling.

The number would shatter the record set in 2019, when more than 9,800 stores closed their doors for good, according to a report from retail and tech data firm Coresight Research.

That sure doesn’t sound like an “economic recovery” to me.

Meanwhile, the reckless money creation that the Federal Reserve has been engaging in is starting to show up in our food prices.  According to Nielsen, we have seen some startling food inflation over the past three months…

Market-research firm Nielsen said food prices rose 5.8% in the 13 weeks from March 1 to May 30 compared with the year-ago period.

Unfortunately, this is just the beginning.  The cost of living is going to continue to rise aggressively, and this comes at a time when more than 42 million Americans have already lost their jobs.

Yes, some of those jobs are starting to come back.

But more Americans continue to lose jobs each week as well.

And economic activity will be higher than it was when virtually everything was closed down.

But more businesses are shutting their doors permanently and declaring bankruptcy on a daily basis.

This new chapter in our economic history is just getting started, and a tremendous amount of pain is ahead of us.

Of course Fed Chair Jerome Powell completely disagrees with that assessment, and he is trying really hard to convince all of us that a new economic depression has not begun

Sure, unemployment’s only comparison is the Great Depression. And businesses across the country are closed. And many people are struggling to buy food. But Federal Reserve Chairman Jerome Powell doesn’t see any similarities.

“I don’t think that the Great Depression is a good example or likely outcome for a model of what’s happening here at all, I really don’t,” he said. “There are so many fundamental differences.”

And I would actually concur with Powell that what we are facing will not be very similar to the Great Depression of the 1930s.

In the long run, what we are facing will be far worse.

The “perfect storm” is here, and our economy is being shaken to the core.  Many people continue to be hopeful that the worst is now behind us, but what they don’t realize is that what we have experienced so far is just a warm up act for what is still to come.

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

As The Stock Market Soars, The Numbers Say That The Real Economy Is In The Midst Of A Historic Crash

Have you been watching the madness that has been unfolding on Wall Street?  Even though we are in the middle of the worst global pandemic in 100 years, and even though rioters and looters have been turning our major cities into war zones, stock prices have been going up day after day.  In fact, the Nasdaq closed at an all-time record high on Monday.  Sometimes people ask me to explain this rationally, and I can’t, because the Federal Reserve has transformed our “financial markets” into a total mockery at this point.  The real economy is literally collapsing all around us, but thanks to Fed intervention stock investors are doing just fine.  It has been absolutely disgusting to watch, and if Adam Smith could see what was happening he would be rolling over in his grave.  Unfortunately, thanks to our rapidly declining system of education most Americans don’t even know who Adam Smith is anymore.

I can’t recall another time in modern U.S. history when stock prices skyrocketed as the U.S. economy plunged into a recession.  What we have been witnessing has truly been extremely bizarre, and it will be fascinating to see how long it can last.

Meanwhile, the real economy is a giant mess.  On Monday, the National Bureau of Economic Research finally got around to letting us know that a recession has officially begun

It’s official: The United States is in a recession.

The National Bureau of Economic Research said Monday the U.S. economy peaked in February, ending the longest expansion in U.S. history at 128 months, or about 10½ years.

In truth, the announcement codifies the painfully obvious. States began shutting down nonessential businesses in mid-March to contain the spread of the coronavirus, halting about 30% of economic activity and putting tens of millions of Americans out of work.

And in other news, the sky is blue and the moon is not made out of cheese.

Anyone with half a brain can see that the economy is falling apart.  For example, we just learned that U.S. factory orders were down 22.3 percent in April compared to a year earlier…

Having collapsed by a record 10.4% MoM in March, April factory orders were expected to accelerate even lower and it did. However, the 13.0% plunge in April was modestly better than the 13.4% MoM drop expected… but is still the worst in American history.

Year-over-year, factory orders collapsed 22.3% – the worst since the peak of the financial crisis.

Of course it is not that difficult to find a number that is even worse than that.

Just look at heavy truck sales.  Last month they were down a whopping 37 percent from the same month in 2019…

The last three months have been catastrophic for segments of the trucking business, after an already tough period that started in late 2018. In May, orders for Class 8 trucks – the heavy trucks that haul much of the goods-based economy across the US – plunged 37% from the  low levels in May a year earlier, and by 81% from May two years ago, to 6,600 orders, according to estimates by FTR Transportation Intelligence today.

Not to be outdone, the number of corporate bankruptcies shot up 48 percent last month compared to the same period a year ago…

Corporate bankruptcies spiked during May as the coronavirus pandemic slammed the U.S. economy, pushing the number of filings to levels recorded in the wake of the 2007-09 recession.

U.S. courts recorded 722 businesses nationwide filing for chapter 11 protection last month, a yearly increase of 48%, according to figures from legal-services firm Epiq Global.

But every time we get another horrific economic figure, the stock market goes even higher.

The worse the news gets, the more investors seem to like it.  Week after week, we have seen unprecedented numbers of Americans file for unemployment benefits, and at this point a grand total of more than 42 million Americans have lost a job since this pandemic began.

And yet investors keep taking these job losses as signs that they should buy even more stocks.

Perhaps someone should spread a rumor that a planet-killing asteroid is about to hit us, because that would probably really get investors salivating.

Of course most ordinary Americans don’t get to live in a Fed-fueled fantasy world, and this new economic downturn is hitting most of them extremely hard.

In fact, it is being reported that approximately a third of all Americans “are now showing signs of clinical anxiety and depression”…

In the wake of the COVID-19 pandemic and resulting economic crash, which triggered depression-like unemployment with 40 million initial claims filed in ten weeks, a third of Americans are now showing signs of clinical anxiety and depression, according to new data collected by the Census Bureau. This, by far, is the most comprehensive and troubling sign yet of the psychological toll inflicted on Americans due to months of lockdowns.

The Census Bureau contacted one million households between May 7 and 12, and about 42,000 responded, said The Washington Post. The survey was about 20 minutes long and buried deep within, several questions asked respondents about depression and anxiety. Those who answered provided a laggard but clearest snapshot into people’s mental state at the tail end of the lockdown, where many folks were subjected to isolationism, virus fears, and widespread unemployment.

That is the most alarming number that I have shared with you so far in this article, but I am about to share with you some numbers that are even more alarming.

In recent days, we have watched rioters destroy large sections of our major cities all across America.  But when asked about “violent protests”, a surprising percentage of Americans actually support them…

A broad majority of Americans say the peaceful protests happening all across the country after police violence against African Americans are justified (84% say so), and roughly a quarter (27%) say violent protests in response to police harming or killing African Americans are justified. Both figures are higher than they were when similar protests rose in the fall of 2016. Then, 67% saw peaceful protests as justified while 14% felt violent protests were.

There isn’t much of a racial or partisan difference over whether peaceful protests are justified now, but the gaps are larger over violent protests. Among Democrats, 42% consider violent protests justified in response to police violence against African Americans, while just 9% of Republicans agree.

Yes, you read that last sentence correctly.

42 percent.

Unfortunately, a lot more economic pain is on the way, and that is just going to fuel even more rioting, looting and violence.

These are definitely not “the best of times” no matter what stock market investors seem to think.

We have entered a deeply disturbing new chapter in American history, and life in this country will never be the same again.

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

A ‘Biblical’ Plague Of Locusts Has Put Millions On The Brink Of Famine: “We Have Never, Ever Seen What We Have In The Last Six Months”

Billions upon billions of voracious desert locusts are ravenously devouring crops over a vast portion of the globe that stretches from eastern Africa all the way to India.  This unprecedented plague was supposed to be subsiding by now, but instead a fourth generation of locusts has emerged that is producing swarms that are “up to 8,000 times larger” than what we witnessed earlier this year.  Some of these swarms are the size of major cities, they can travel up to 150 kilometers a day, and when they descend upon a farm they can literally eat everything there in as little as 30 seconds.  Because these swarms are not affecting the United States, most Americans don’t understand the immense devastation that is happening on the other side of the globe right now.  The UN is warning that mass starvation is coming, and we are being told that it is going to begin by the end of this calendar year.

Each desert locust is very small, but collectively they can consume vast amounts of food.  According to the UN, a swarm that contains between 40 and 80 million locusts can eat “the same amount of food in a day as three million people”.

And it is important to remember that colossal swarms of locusts have been destroying countless farms day after day for many months.  What we have already witnessed is enough to constitute a major global emergency, and now the International Rescue Committee is telling us that this latest generation of locusts is the worst of them all by far…

“A fourth generation of desert locusts up to 8,000 times larger than previous swarms could destroy crops at the start of the hunger season and leave millions facing food insecurity and famine,” explained the aid organization in a statement.

When these swarms of locusts approach an area, they can be so thick that they literally block out the sun.  Authorities have been spraying them with pesticides from the sky, but when you are talking about countless millions of locusts in a single swarm, killing thousands of them doesn’t exactly make too much of a dent.

In past articles about these locusts, I have focused on the widespread destruction that we have been witnessing in Africa, and without a doubt we will see widespread famine across much of the eastern portion of that continent.

This new generation is hitting Africa again, but what has surprised many experts is how hard it is also hitting Pakistan and India.

British news source is using the term “biblical” to describe the infestation that Pakistan is facing, and the Pakistani government was recently forced to declare a national emergency because of the locusts…

Tens of millions of people are set to face food shortages on the continent after a plague of locusts embarked on a path of destruction across India and Pakistan. In Pakistan, a national emergency has been declared after an outbreak of locusts’, on a biblical scale, wreaked havoc across farmland in the eastern Punjab, southern Sindh and southwestern Baluchistan provinces.

Over in India, one expert is saying that these locusts are unlike anything that his nation has ever seen before

Bhagirath Choudhary, director of the New Delhi-based South Asia Biotechnology Centre, an agriculture think-tank said: “We have never, ever seen what we have in the last six months in India – never in the history.”

Sadly, most Americans don’t even know that this is happening.

Here in the United States, the mainstream media has been so focused on COVID-19 and all of the civil unrest that has erupted, but this gigantic locust plague should be making front page headlines too.

At this point, things have gotten so bad that the executive director of the UN World Food Program is warning that we are facing “the worst humanitarian crisis since World War Two”, and he has publicly stated that hundreds of thousands of people will soon be starving to death every day

“If we can’t reach these people with the life-saving assistance they need, our analysis shows that 300,000 people could starve to death every single day over a three-month period”, he upheld. “This does not include the increase of starvation due to COVID-19”.

Thankfully, we are not facing imminent starvation here in the United States.

But that doesn’t mean that everything is okay.

In fact, one brand new survey has found that an increasing number of Americans are skipping meals or reducing the size of their meals now that economic conditions have greatly deteriorated…

“One in four Americans (26%) say they or a member of their household have skipped meals or relied on charity or government food programs since February, including 14% who say they have reduced the size of meals or skipped meals because there wasn’t enough money for food, 13% who have visited a food bank or pantry for meals, and 13% who have applied for or received SNAP benefits,” the survey said.

Many Americans have been taking last Friday’s jobs report as a sign that things will soon turn around, but it turns out that the report was not nearly as rosy as many thought.

In the report, the BLS actually admits that a major “misclassification error” severely skewed the numbers and that the real rate of unemployment is actually about 16.3 percent

When the U.S. government’s official jobs report for May came out on Friday, it included a note at the bottom saying there had been a major “error” indicating that the unemployment rate likely should be higher than the widely reported 13.3 percent rate.

The special note said that if this “misclassification error” had not occurred, the “overall unemployment rate would have been about 3 percentage points higher than reported,” meaning the unemployment rate would be about 16.3 percent for May.

And according to John Williams of shadowstats.com, if honest numbers were being used and if the numbers were corrected for BLS errors, the real rate of unemployment in the U.S. would currently be sitting at 36.5 percent.

So no, things are not good at all.

But at least locusts are not eating all of our crops and our population is not on the brink of starvation.

We should be thankful for the blessings that we still have, and we should use the time that we have to prepare for what else is ahead, because the truth is that this “perfect storm” is just getting started.

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

“Extreme Looting”: We Are Seeing Looters Use Absolutely Crazy Tactics That Have Never Been Seen Before

Do you have to go to “looting school” to learn this stuff?  It is not that difficult to smash a few store windows and grab a few things, but some of the incidents that we have witnessed over the last several days have been so bizarre that it is hard to believe that they are actually real.  In fact, if they were put into a big Hollywood disaster movie at lot of people would probably dismiss them as “unrealistic”.  But it is very important to understand what is going on out there, because these looters are giving us a preview of coming attractions.  If they will sink to such depths now, what will they be willing to do once things get really, really bad in this country?

There are so many examples that I could share with you, but I think that I will start with the looters in Fairfield, California that decided to use a telescopic forklift to break down the doors of a Best Buy store…

A particularly brazen attempt by looters to storm a store in Fairfield, California, has been caught on video, showing them commandeering what appears to be a telescopic forklift to force their way in.

A video has emerged showing vandals using heavy equipment on the doors of the Best Buy store in Fairfield, a city in Solano County, located between San Francisco and Sacramento.

I suppose that the moral of this story is that you should never leave a telescopic forklift sitting around where looters might find it.

Now that criminals have seen how much they can get away with, they are going to become more emboldened than ever, and the entire west coast is going to be a major danger zone for the foreseeable future.

In the East Bay area, police say that “caravans of cars full of looters” have been roaming around systematically searching for targets.  Authorities have been trying to crack down on these caravans of looters, but that has proven to be quite difficult because many of them are heavily armed.

Elsewhere in northern California, one group of looters just pulled off an absolutely stunning heist that is like something out of a “Fast and Furious” film

Police in Northern California are searching for suspects after rioters reportedly stole more than 70 premium cars from a dealership near San Francisco Sunday night.

San Leandro Chrysler Dodge Jeep dealership owner Carlos Hidalgo said that although he blocked the exits as a precaution, the thieves “started ramming, ramming until they could get out. They took out chains and fence posts. It was a very malicious act,” FOX 2 in Oakland reported.

This means that at least 70 looters must have descended upon that dealership simultaneously, because each of those vehicles would have required a driver.

If you stop and try to envision what that must have looked like, it will send a chill up your spine.

Of course it isn’t just the west coast that is dealing with such over the top criminality.  The following is how Rachel Olding described the crazy looting that we just witnessed in Midtown Manhattan…

Hard to describe how rampant the looting was tonight in Midtown Manhattan and how lawless it was. Complete anarchy. Literally hundreds of stores up and down Broadway, Fifth Ave, Sixth Ave. Kids ruling the streets like it was a party.

These are the stores where the Wall Street elite shop.

If law enforcement authorities can’t even keep that area secure, do you think that any city in the entire country is truly safe at this point?

And some of these looters are not exactly “impoverished”.  In fact, the New York Post is reporting that some of the looters were pulling up to the stores “in luxury SUVs”…

New York City looters were caught on camera pulling up in luxury SUVs — including what was claimed to be a pricey Rolls-Royce — before apparently looting an upscale retail store in Manhattan, according to footage shared on social media.

The video, filmed by Justine Miller and Keith Feldman, shows a group of men in masks hopping out of two cars and charging through a smashed door in Soho before running back outside carrying boxes of goods on Monday night.

I honestly don’t know what the police in New York City were doing.

They had to know that the luxury retail outlets in Midtown Manhattan would be prime targets, and yet this was allowed to happen anyway.

Down in Philadelphia, the looting has been absolutely insane.  Just yesterday, I discussed the fact that looters were allowed to loot one drugstore for 15 hours straight.  Elsewhere in the city, one very ambitious looter ended up dying in a botched attempt to blow up an ATM machine

A looter has been killed in a botched ATM explosion in Philadelphia, that police believe was part of a ‘coordinated’ effort to raid 30 machines across the city over a series of two nights.

Police said the 24-year-old man died early Tuesday, several hours after attempting to break into an ATM with explosives in the north of the city.

Needless to say, bank robbery has nothing to do with justice for George Floyd.

All over America, thousands upon thousands of criminals are using the George Floyd protests as an opportunity to commit crimes, and the fact that it is happening on such a widespread basis is extremely sobering.

At this point, things have gotten so crazy that looters are even looting from other looters.  The U.S. is descending into madness, and many people believe that this is just the beginning.

Of course all of this rampant lawlessness is deeply alarming millions upon millions of ordinary citizens, and a lot of people are deeply concerned that this sort of behavior could start spreading into the suburbs and beyond.  In fact, Polk County Sheriff Judd Grady has publicly acknowledged that in his county “some folks were threatening to take their criminal conduct into the neighborhoods”

Grady said the department “had received information on social media that some folks were threatening to take their criminal conduct into the neighborhoods.”

“I would tell them, if you value your life, they probably shouldn’t do that in Polk County,” Grady said. “Because the people of Polk County like guns, they have guns, I encourage them to own guns, and they’re going to be in their homes tonight with their guns loaded, and if you try to break into their homes to steal, to set fires, I’m highly recommending they blow you back out of the house with their guns. So, leave the community alone.”

Hopefully things will start to cool down at least for a while.

But many Americans understand that it is just a matter of time before more violence erupts, and so they are preparing to defend themselves and their families.  Gun sales are absolutely soaring, and one shop owner in New York says that he has been so busy that he is literally running out of stuff to sell

Phones have been ringing off the hook and the line has been wrapped around the building at Coliseum Gun Traders in Uniondale, Nassau County, ever since the coronavirus pandemic began. And now with protests and rioting after the killing of George Floyd, the store has seen another enormous spike in sales. Keeping the shelves stocked has been hard, store owner Andy Chernoff said.

“We started out this week with a fair amount of merchandise. We’re running out. Literally running out,” Chernoff said. “Never thought I’d say that.”

Just six months ago, life in America seemed so “normal”, but now everything has changed.

All of the anger that has been building up for years is now starting to boil over, and the upcoming election in November is just going to increase tensions even more.

So please be very careful out there, because our society really is starting to fall apart right in front of our eyes.

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

Hear The Tale Of A Fallen People Destined To Wander Their Broken Land

America is falling, is falling, and violence covers the land like a flood.  Let us cry for this once great land, because a day of reckoning is at hand.  As I was reflecting on the nightmarish events of the past several days, a line from a song from one of my favorite bands of all-time kept coming to mind, and I have made that line the title of this article.  We are truly a fallen people, and we definitely live in a broken land.  The death of George Floyd is evidence of how far we have fallen, the police brutality that has gone on for way too many years is evidence of how far we have fallen, and the out of control rioting and looting that we have been witnessing day after day is evidence of how far we have fallen.  Of course the truth is that just about every form of evil that you can possibly imagine has been exploding in our society in recent years, and the American people just keep going back for more.  We have had an insatiable appetite for wickedness, and now we are reaping what we have sown.

Do you think that it is just a coincidence that so many of our young people are completely and utterly lawless?  We raised them in a completely upside down society that says that good is evil and evil is good, and so the way that they are behaving now shouldn’t surprise us at all.

If our young people truly wanted to honor George Floyd, looting retail stores is definitely not the way to do it.  Sadly, many are taking advantage of this crisis to go on a crime spree, and we are witnessing looting on a scale that is unlike anything we have ever seen before in this country.

For example, one of the most famous retail stores in the heart of New York City was absolutely mobbed by looters on Monday night…

Disturbing footage shows swarms of looters rushing into one of the world’s most famous stores — Macy’s flagship on Herald Square — as Midtown descended into chaos overnight.

One overhead video showed looters racing into one of the boarded-up entrances shortly before the curfew started Monday night — with only a small unexplained explosion seeming to halt the rush.

There has been a tremendous amount of looting on the west coast as well, and a video that showed a wild mob voraciously looting an Amazon delivery truck made headlines all over the globe

While looters targeted various clothing stores in Santa Monica, one onlooker posted a video to social media showing a group of people breaking into an Amazon van, throwing objects at the vehicle to break its windows before gathering in the back as a larger group of people appeared to run away with packages.

What in the world has happened to us?

I have been asking that question a lot lately.

To me, it is absolutely unthinkable that looters would be allowed to loot a store for 15 hours straight, but that is precisely what just happened at a ShopRite location in Philadelphia

The owner of a West Philadelphia ShopRite says looters ravaged his store for 15 hours straight, taking whatever they wanted from the pharmacy, liquor department and cash register. Owner Jeff Brown says looters ransacked the ShopRite of Parkside and several other businesses at the ParkWest Town Center on 52nd Street over the weekend.

Many of the businesses were already on financially shaky ground after weeks of COVID-19 closures. They’re now left cleaning up massive damage.

Where else in the entire world would such a thing be permitted to happen?

Once upon a time we thought of ourselves as a shining example for the rest of the planet, but now the only example we are setting is a bad one.

One of the things that has been particularly alarming to me is the amount of violence that we are seeing directed toward police officers.  In St. Louis, four officers were shot by rioters last night alone

Four police officers were shot in downtown St. Louis early Tuesday as a day of peaceful protests turned into a violent and destructive night in the city.

Hundreds of people had gathered across the St. Louis region Monday to protest the Memorial Day death of George Floyd in Minneapolis.

And in Las Vegas, one police officer is fighting for his life after being shot in the head

In a night of deadly violence aimed at police officers, a cop in Las Vegas was shot in the head and is now on life support.

Despite George Floyd’s own family calling for an end to violence, multiple cities were again hit by mayhem last night.

A suspect was taken into custody after an LVMPD officer was shot in the head near Circus Circus late last night.

Being a police officer in this environment is one of the hardest jobs in America.

And things are not going to get any easier in the days ahead.

So many of these young people have hearts that have gone completely ice cold, and they don’t seem to have respect for even the most basic human values.  A perfect example of what I am talking about just took place in Richmond, Virginia

The chief of the Richmond, Virginia, police department said Sunday that rioters set fire to a multi-family home with a child inside while blocking access for firefighters to get through to save the child.

“One incident that is particularly poignant, that truly illustrates the seriousness of the issues we’re facing,” Chief Will Smith told reporters. “Protesters intentionally set fire to an occupied building on [West] Broad Street. This is not the only occupied building that has been set fire to in the last two days.”

When I use the word “evil” to describe such people, I am not exaggerating one bit.

Unfortunately, many Americans are still in denial about how badly our society has decayed.

Did you know that there are people that actually write to me to tell me that my articles are “too negative” because I report about such things?

I suppose that we could all stick our heads in the sand and pretend that everything is going to be just fine somehow, but that wouldn’t do anyone any good at all.

What we desperately need to do is to fundamentally change course as a nation and start focusing on solutions that will give us real hope.  With that in mind, let me try to end this article on a positive note.  The title of this article was taken from a song entitled “Morningstar” by a band called Whiteheart, and the following are the full lyrics to that song…

Hear the tale of a fallen people
Destined to wander their broken land
Their eyes are vacant,
Full of empty meaning
What they’re missing they just don’t understand

Beyond the dark horizon
Out where the people are crying
A Morningstar will be rising
Rising to show us the way

Long ago a secret treasure was given
To change the heart
Of every woman and man
But somehow the treasure
Was forgotten
It lies buried underneath
The shifting sand

Beyond the dark horizon
Out where the people are crying
A Morningstar will be rising
Rising up with the bright
Dawn of healing
Rising up to show us the way

Our eyes are not seeing
Our hearts are not feeling
We want to believe…

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

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