A Perfect Storm Is Brewing

Will we someday look back on October 2018 as the turning point?  As the month began, people were generally feeling pretty good about things, and the U.S. stock market quickly set a new all-time high.  But from that point on, the wheels fell off for Wall Street.  We just witnessed the worst October for U.S. stocks since the financial crisis of 2008, and at this point more than 8 trillion dollars of global wealth has been completely wiped out.  But it isn’t just the stock market that is being shaken.  The horrific violence in Pittsburgh is just the latest in a string of events that have rattled the entire nation.  Sometimes I feel like I am literally watching the fabric of our society come apart right in front of my eyes.  It is almost as if there is a tangible presence of evil in the air, and it seems to be getting stronger over time.  For quite a while I have been warning that levels of anger and frustration are rising to unprecedented levels, and all of that anger and frustration is leading people to do things that are absolutely unthinkable.  And if people are this crazed now, how bad are things going to get once the economy really starts unraveling?

Let there be no doubt – if U.S. stocks crash really hard, it will cause a massive credit crunch, and that would absolutely strangle economic activity.

Yes, October was bad, but we can recover from what happened in October.

But if November and December are equally as bad or worse, we could have a nightmarish crisis on our hands very rapidly.  And many experts believe that this market is ultimately going to decline much, much further.

For example, just consider what Wolf Richter is saying

So it boils down to this: Some stocks have gotten crushed, but the market overall has barely been dented – though the fundamentals are rotten, shares are still ludicrously overpriced, enthusiasm is still exuberant except on bad days, and blind faith in annually rising stock prices still reigns. And the fact that stocks like Tesla [TSLA] or Netflix continue to levitate beyond all reality shows that this downturn has a long way, and years, to go.

And Chris Martenson expressed similar sentiments in his most recent article

The recent market weakness seen over the past two weeks is nothing compared to what’s in store.  As we’ve been carefully chronicling, bubbles burst from ‘the outside in’, starting at the weaker places at the periphery before progressing to the center.

Emerging market equities are now down -26% from their January highs and -18% year-to-date.  China’s stock market is down -32%, even with substantial intervention by the government to prop things up.

The periphery has been weakening all year, and the contagion has now spead worldwide.

But when I talk about a “perfect storm”, I am not just talking about money.

For years, I have been warning that the thin veneer of civilization that we all take for granted on a daily basis is rapidly disappearing, and the events of this past week made this exceedingly clear

Wednesday, a white man with a history of violence shot and killed two African-Americans, seemingly at random, at a Kentucky Kroger store following a failed attempt to barge into a black church.

After mail bombs were being sent to people who’d been criticized by the President, a suspect was arrested Friday — a man who had railed against Democrats and minorities with hate-filled messages online.

And Saturday morning, a man shouting anti-Semitic slurs opened fire at a Pittsburgh synagogue, killing 11 people attending Jewish services.

I will not ever be able to understand the kind of hate that we have been witnessing.  I have always preached against racism, and I even included an entire chapter against racism in my latest book.  There is absolutely no room for racism in America, but it just seems to keep growing.

We are facing overwhelming challenges as a society, and if we do not learn how to love one another there is no way that we are going to make it.

This is a time of great governmental shaking as well.  On November 6th, some candidates will win and some candidates will lose, but the hatred being expressed on both sides will not go away.  Sadly, the truth is that there are corrupt politicians all around us, and the American people have been rapidly losing faith in our system.  If the corruption is not cleaned up and some way is found to restore faith in our system of government, it is only a matter of time before it collapses.

On top of everything else, we also live at a time of impending global conflict.  A major regional war could erupt in the Middle East at any time, and Russia and China are openly warning that they are “preparing for war” with the United States.  World War 3 is a lot closer than people realize, and the fact that our relationships with both Russia and China are rapidly going downhill is a major concern.

And of course the planet itself is increasingly becoming unstable.  Earthquakes and volcanic eruptions appear to be growing in both size and intensity, and massive storms have been hammering communities all over the globe in recent months.

The giant rock that we all live on is rapidly changing, and many believe that the Earth changes that we are currently witnessing are going to escalate dramatically in the years ahead.

Many ordinary Americans seem unconcerned about everything that is going on, and perhaps that is because they are unaware of the bigger picture.  But the elite are definitely freaking out.  In fact, the New York Times just published an article about how demand for private security services is higher than ever

At Pinkerton, a private security and detective agency founded in 1850, requests for executive security have increased 20 to 30 percent annually over the last five years, said its vice chairman, Tim Williams. And people are looking for safeguards in all areas of their lives that pose risks, experts say, including information technology and social media.

“People are scared right now,” Mr. Williams said.

And some among the elite even have plans to hop on private jets and leave the country completely when everything starts hitting the fan.  For much more on this, please see my previous article entitled “Bankers And Tech Executives Know The Collapse Of Society Is Coming And Are Feverishly Prepping For It”.

We are entering a time that will cause many to have great fear, but now is not a time to be scared.

It is when times are the darkest that light is needed the most, and I believe that this coming “perfect storm” will be an absolutely thrilling time to be alive.

Yes, life is going to become a lot more uncomfortable for all of us, but it is during times of great challenge that we find out what is truly inside of us.  This will be a time when some will show that they are great villains, but many will also emerge as great heroes.

We have reached a critical juncture in human history, and everything is about to change.  I would encourage you to be a light in the darkness, because that is going to be greatly needed in the days ahead.

About the author: Michael Snyder is a nationally syndicated writer, media personality and political activist. He is publisher of The Most Important News and the author of four books including The Beginning Of The End and Living A Life That Really Matters.

The Last Days Warrior Summit is the premier online event of 2018 for Christians, Conservatives and Patriots.  It is a premium members-only international event that will empower and equip you with the knowledge and tools that you need as global events begin to escalate dramatically.  The speaker list includes Michael Snyder, Mike Adams, Dave Daubenmire, Ray Gano, Dr. Daniel Daves, Gary Kah, Justus Knight, Doug Krieger, Lyn Leahz, Laura Maxwell and many more. Full summit access will begin on October 25th, and if you would like to register for this unprecedented event you can do so right here.

10 Numbers That Prove That We Are Rapidly Becoming A Nation Of Government Dependents

As the middle class disintegrates and poverty grows, more Americans than ever are becoming dependent on the government just to survive.  Today, we live in a country where most workers do not earn enough to support a middle class family, and we are seeing the homelessness crisis spiral out of control in major cities on both coasts.  During this election cycle, many conservatives have been freaking out that an increasing number of Democrats are openly embracing socialism, but the truth is that we are already most of the way to becoming a socialist country.  In fact, as you will see below, more than half of all Americans currently receive more money from the government than they pay in taxes.  We have become absolutely addicted to government money, and this is one of the major trends that is eating away at our nation like cancer.

The government is not supposed to take care of us from the cradle to the grave.

Rather, our founders understood that the proper role of government is to create and protect an environment of liberty and freedom where we would be empowered to take care of ourselves.

Today, most Americans cannot independently take care of themselves, and that makes them dependents.  And when you are a dependent, you aren’t really free.

One of the reasons why I write so much about the decline of the middle class is because it is an existential threat to our way of life.  If you look around the world, or if you go back through history, you will see that tyrannical regimes tend to thrive when populations are poor and cannot stand up for themselves.  If we want our Republic to survive, we need a strong, independent population that is not economically dependent on the government.  That is what we had throughout most of our history, and that is now what we are rapidly losing.

Just because you are working does not mean that you are independent.  At this point, most jobs do not pay enough to support a middle class family, and the ranks of the “working poor” continue to explode.  In reality, Americans are working harder than ever in 2018, and yet things continue to deteriorate.

The following are a few numbers that prove that we are rapidly becoming a nation of government dependents…

Over half the country now receives more in government transfer payments than they pay in taxes.

-According to one recent survey, the cost of living is higher than the median income in 42 U.S. states.

-Today, 50 percent of all American workers make less than $30,533 a year.

62 percent of Americans say that their financial situations have not improved since the last presidential election.

And here are six more from my friend Alan Yerushalmi

If things are this bad now, how dreadful will the outlook be once we are deep into the next recession?

History has shown that once national governments begin to expand in size, they usually keep expanding until they ultimately collapse.

Sadly, a large portion of the population has become convinced that the government should be in the business of handing out as much “free stuff” as possible.  Housing, healthcare and college education are now being called “human rights”, and tens of millions of our fellow citizens feel that they are entitled to be given these things by the government.  Needless to say, this has chilling implications for the future of our country, and I really like how Ryan McMaken made this point in his most recent article

The political implications of this are considerable. As Ludwig von Mises once noted, once we get to the point that a majority of the voting population receives more in benefits than it pays in taxes, then voters will demand more and more wealth be transferred to them through government programs. It will then become politically necessary to extract larger and larger amounts of wealth from a minority in order to subsidize the majority.

Market economics will become less and less popular because the voters will have realized they can — in the words of James Bovard — “vote for a living” instead of work for a living.

Every additional dollar that the federal government spends is an additional dollar that is being stolen from our children and our grandchildren, and we are already more than 21 trillion dollars in debt.

We have been on the greatest debt binge in human history, and that debt binge delayed our day of reckoning, but it did not cancel it.

In fact, one of my contacts just emailed me with some deeply troubling information.  He has a customer that is a Bank of America board member, and that board member told him that they expect things to really start falling apart by late March “at the latest”.  This is word for word what my contact told me…

“I had a customer this past Saturday who was a very high ranking Bank of America board member, and she said in the meetings, they expect late March, at the latest, that things will really start to disintegrate fairly quickly or very quickly. That was AT THE LATEST she said.”

When I say that “dark days are ahead”, I am not using hyperbole.  We really have reached a turning point, and things will never be the same again.

The relentless march of time is inexorable, and eventually the clock runs out for everyone.  America has been living on borrowed time for quite a while, and a perfect storm is looming on the horizon.

About the author: Michael Snyder is a nationally syndicated writer, media personality and political activist. He is publisher of The Most Important News and the author of four books including The Beginning Of The End and Living A Life That Really Matters.

The Last Days Warrior Summit is the premier online event of 2018 for Christians, Conservatives and Patriots.  It is a premium members-only international event that will empower and equip you with the knowledge and tools that you need as global events begin to escalate dramatically.  The speaker list includes Michael Snyder, Mike Adams, Dave Daubenmire, Ray Gano, Dr. Daniel Daves, Gary Kah, Justus Knight, Doug Krieger, Lyn Leahz, Laura Maxwell and many more. Full summit access will begin on October 25th, and if you would like to register for this unprecedented event you can do so right here.

Middle Class Destroyed: 50 Percent Of All American Workers Make Less Than $30,533 A Year

The middle class in America has been declining for decades, and we continue to get even more evidence of the catastrophic damage that has already been done.  According to the Social Security Administration, the median yearly wage in the United States is just $30,533 at this point.  That means 50 percent of all American workers make at least that much per year, but that also means that 50 percent of all American workers make that much or less per year.  When you divide $30,533 by 12, you get a median monthly wage of just over $2,500.  But of course nobody can provide a middle class standard of living for a family of four for just $2,500 a month, and we will discuss this further below.  So in most households at least two people are working, and in many cases multiple jobs are being taken on by a single individual in a desperate attempt to make ends meet.  The American people are working harder than ever, and yet the middle class just continues to erode.

The deeper we dig into the numbers provided by the Social Security Administration, the more depressing they become.  Here are just a few examples from their official website

-34 percent of all American workers made less than $20,000 last year.

-48 percent of all American workers made less than $30,000 last year.

-59 percent of all American workers made less than $40,000 last year.

-68 percent of all American workers made less than $50,000 last year.

At this moment, the federal poverty level for a family of five is $29,420, and yet about half the workers in the entire country don’t even make that much on a yearly basis.

So can someone please explain to me again why people are saying that the economy is “doing well”?

Many will point to how well the stock market has been doing, but the stock market has not been an accurate barometer for the overall economy in a very, very long time.

And the stock market has already fallen nearly 1,500 points since the beginning of the month.  The bull market appears to be over and the bears are licking their chops.

No matter who has been in the White House, and no matter which political party has controlled Congress, the U.S. middle class has been systematically eviscerated year after year.  Many that used to be thriving may still even call themselves “middle class”, but that doesn’t make it true.

You would think that someone making “the median income” in a country as wealthy as the United States would be doing quite well.  But the truth is that $2,500 a month won’t get you very far these days.

First of all, your family is going to need somewhere to live.  Especially on the east and west coasts, it is really hard to find something habitable for under $1,000 a month in 2018.  If you live in the middle of the country or in a rural area, housing prices are significantly cheaper.  But for the vast majority of us, let’s assume a minimum of $1,000 a month for housing costs.

Secondly, you will also need to pay your utility bills and other home-related expenses.  These costs include power, water, phone, television, Internet, etc.  I will be extremely conservative and estimate that this total will be about $300 a month.

Thirdly, each income earner will need a vehicle in order to get to work.  In this example we will assume one income earner and a car payment of just $200 a month.

So now we are already up to $1,500 a month.  The money is running out fast.

Next, insurance bills will have to be paid.  Health insurance premiums have gotten ridiculously expensive in recent years, and many family plans are now well over $1,000 a month.  But for this example let’s assume a health insurance payment of just $450 a month and a car insurance payment of just $50 a month.

Of course your family will have to eat, and I don’t know anyone that can feed a family of four for just $500 a month, but let’s go with that number.

So now we have already spent the entire $2,500, and we don’t have a single penny left over for anything else.

But wait, we didn’t even account for taxes yet.  When you deduct taxes, our fictional family of four is well into the red every month and will need plenty of government assistance.

This is life in America today, and it isn’t pretty.

In his most recent article, Charles Hugh Smith estimated that an income of at least $106,000 is required to maintain a middle class lifestyle in America today.  That estimate may be a bit high, but not by too much.

Yes, there is a very limited sliver of the population that has been doing well in recent years, but most of the country continues to barely scrape by from month to month.  Out in California, Silicon Valley has generated quite a few millionaires, but the state also has the highest poverty in the entire nation.  For every Silicon Valley millionaire, there are thousands upon thousands of poor people living in towns such as Huron, California

Nearly 40 percent of Huron residents — and almost half of all children — live below the poverty line, according to the U.S. Census Bureau. That’s more than double the statewide rate of 19 percent reported last month, which is the highest in the U.S. The national average is 12.3 percent.

“We’re in the Appalachians of the West,” Mayor Rey Leon said. “I don’t think enough urgency is being taken to resolve a problem that has existed for way too long.”

Multiple families and boarders pack rundown homes, only about a quarter of residents have high school diplomas and most lack adequate health care in an area plagued with diabetes and high asthma rates in one the nation’s most polluted air basins.

One recent study found that the gap between the wealthy and the poor is the largest that it has been since the 1920s, and America’s once thriving middle class is evaporating right in front of our eyes.

We could have made much different choices as a society, but we didn’t, and now we are going to have a great price to pay for our foolishness…

About the author: Michael Snyder is a nationally syndicated writer, media personality and political activist. He is publisher of The Most Important News and the author of four books including The Beginning Of The End and Living A Life That Really Matters.

The Last Days Warrior Summit is the premier online event of 2018 for Christians, Conservatives and Patriots.  It is a premium-members only international event that will empower and equip you with the knowledge and tools that you need as global events begin to escalate dramatically.  The speaker list includes Michael Snyder, Mike Adams, Dave Daubenmire, Ray Gano, Dr. Daniel Daves, Gary Kah, Justus Knight, Doug Krieger, Lyn Leahz, Laura Maxwell and many more. Full summit access will begin on October 25th, and if you would like to register for this unprecedented event you can do so right here.

Nation Will Rise Against Nation: Israeli Tanks Mass Along The Border As War Between Israel And Hamas Appears To Be Imminent

Another extremely bloody border protest on Friday has pushed Israel and Hamas to the brink of war.  The Egyptians had been urging Hamas to tone down the border protests, but that did not happen.  Instead, Hamas is pledging to continue the border protests for as long as it takes to end the Israeli blockade.  So Israel has a choice to make.  Either it can end the blockade, accept the endless violence that is currently taking place along the border, or invade Gaza.  The Israelis have already stated very clearly that the blockade will not end, because everyone understands that weapons and fighters will pour into Gaza if that happens.  So it looks like the choice will come down to living with the border violence or invading Gaza, and living with the border violence does not appear to be an acceptable choice either.  On Friday, 10,000 Hamas protesters showed up at the border fence, and 130 of them got shot during the violence that erupted

Israeli soldiers shot and wounded 130 Palestinians during protests near the Gaza Strip border on Friday, the enclave’s Health Ministry said.

An Israeli military spokeswoman said about 10,000 demonstrators massed at the border and that some threw burning tires, grenades and explosive devices at the troops across the fence.

Friday’s chaos followed more violence earlier in the week.  On Wednesday, a rocket that was fired from Gaza obliterated a home in southern Israel, and another rocket landed not too far from Tel Aviv.  The Jewish people have been greatly outraged by these attacks, and their patience has worn very thin.

In response to those attacks, the IDF hit targets in Gaza with airstrikes.

In an article just a few days ago, I noted that Israeli Defense Minister Avigdor Liberman is now saying that he believes that war between Israel and Hamas is “inevitable”.  And on Thursday, Israel made a major move in that direction by massing tanks along the Gaza border

On Thursday Israel had ramped up armored forces along the Gaza border, a day after a rocket fired from the enclave destroyed a home in southern Israel. Israeli Prime Minister Benjamin Netanyahu, vowed “very strong action” if attacks continued.

In fact, it is being reported that this massing of tanks along the border represents “the largest mustering of forces since the 2014 war”

Reuters has reported some 60 Israeli tanks and armored personnel carriers now stationed at a deployment area along the border as of Thursday, which is the largest reported mustering of forces since the 2014 war between Israel and Hamas.

This would be a war that would not benefit anyone, but it is very difficult to see how it will be avoided at this point.

Hamas could avoid war by simply ending the protests, but they have pledged not to do that.

Israel can keep hammering Gaza with airstrikes, but that definitely will not stop the violence.  The only thing that could permanently stop the violence is a full-blown invasion of Gaza with the intention of completely eliminating Hamas.

But that would be an exceedingly bloody mission, and it could potentially spark a much broader Middle East war.

The mainstream media in the United States has been mostly silent about this looming conflict, but the truth is that this is an extremely serious situation.  Just check out what Nickolay Mladenov told the UN Security Council on Thursday

Special UN envoy for the Middle East, Nickolay Mladenov, told the UN Security Council on Thursday thatwe remain on the brink of another potentially devastating conflict, a conflict that nobody claims to want, but a conflict that needs much more than just words to prevent”.

If someone was constantly sending rockets, grenades and incendiary devices across the U.S. border, the American people would be screaming and yelling for the military to do something, and rightly so.

Israel is not going to put up with all of this violence for much longer, but there is one huge problem.  If Israel invades Gaza at this point, they will be considered to be the “aggressor” by most of the rest of the world.  And in order to eliminate Hamas entirely, Israel would have to be ruthless, and images from the very bloody war would be endlessly broadcast throughout the Islamic world.  This could greatly galvanize Israel’s other enemies, and it could very easily spark a broader conflict.

Israel is surrounded by nations that would love to see it wiped off the map, and if the right opportunity arose they would gladly join forces in an all-out attempt to defeat Israel once and for all.

But if that scenario were to unfold while Donald Trump was in the White House, the Trump administration would most certainly intervene militarily on the side of Israel, and that could potentially be the start of World War 3.

It isn’t true at this point, but U.S. relations with Israel will soon once again become one of the most divisive issues in U.S. politics.  And a major war in the Middle East would go a long way toward destabilizing the entire globe.

We truly do live in apocalyptic times, and many are anticipating that global events will greatly accelerate during the months ahead.

Throughout much of human history, Israel has been at the center of attention, and now it is happening again.

Watch Israel very carefully, because the things that are happening over there right now are going to have very serious implications for all of us.

About the author: Michael Snyder is a nationally syndicated writer, media personality and political activist. He is publisher of The Most Important News and the author of four books including The Beginning Of The End and Living A Life That Really Matters.

The Last Days Warrior Summit is the premier online event of 2018 for Christians, Conservatives and Patriots.  It is a premium-members only international event that will empower and equip you with the knowledge and tools that you need as global events begin to escalate dramatically.  The speaker list includes Michael Snyder, Mike Adams, Dave Daubenmire, Ray Gano, Dr. Daniel Daves, Gary Kah, Justus Knight, Doug Krieger, Lyn Leahz, Laura Maxwell and many more. Full summit access will begin on October 25th, and if you would like to register for this unprecedented event you can do so right here.

Middle East Braces For Apocalyptic Conflict Between Israel And Hamas As Defense Minister Avigdor Liberman Declares “War Is Inevitable”

It appears that a major war between Israel and Hamas is imminent.  For the past six months, Hamas has been staging violent protests along the Israeli border in an attempt to end the Israeli-Egyptian blockade.  Those protests have escalated in recent weeks as Egyptian efforts to broker a long-term ceasefire have faltered.  During these violent protests, large numbers of incendiary devices have been launched into Israel, and this has resulted in thousands of acres of land being burned on the Israeli side of the border.  On Friday, approximately 14,000 Palestinians gathered along the border fence, and it was being reported that they were “throwing rocks, firebombs and grenades” at Israeli soldiers on the other side of the barrier.  Needless to say, after six months of such violence Israeli patience is wearing very thin.

And now some members of the Israeli cabinet are openly advocating for war with Hamas.  According to the Jerusalem Post, Israeli Defense Minister Avigdor Liberman believes that a “harsh IDF military strike against Hamas” is the only way to end the violence…

A harsh IDF military strike against Hamas is the only way to halt the continued Palestinian attacks against Israel, Defense Minister Avigdor Liberman said on Tuesday morning as he met in the south with some of his top military staff.

Now is the time for decisions. My position is very clear: We must deal a heavy blow against Hamas. This is the only way to return the situation to its previous state and to reduce the level of violence to nearly zero,” Liberman said.

Ultimately the decision whether to strike Hamas or not will be made by the entire cabinet, but in Liberman’s mind it has gotten to the point where “war is inevitable”

Liberman told the Hebrew language Ynet website that “We have reached the moment – we must strike Hamas with the hardest blow. We have made every effort and exhausted every possibility… War is inevitable.”

That is a very powerful statement to make, and Israeli Prime Minister Benjamin Netanyahu stopped just short of essentially saying the same thing on Sunday

Israeli Prime Minister Benjamin Netanyahu on Sunday threatened “very painful blows” against Gaza’s Hamas rulers if they don’t halt protests along the perimeter fence that have led to clashes with Israeli troops.

Netanyahu said Israel is very close to waging a “different kind of activity” against the Islamic militants. He said “if it has any sense, Hamas will cease its fire and violent outbursts — now.”

And here is how another news outlet reported on Netanyahu’s comments…

Speaking at the beginning of the weekly Cabinet meeting Sunday, Netanyahu said that “Hamas has yet to get the message that if it fails to stop its aggression it will be halted through other means and it will be painful, very painful.”

Netanyahu’s comments came after mass protests on Friday, during which several Palestinians breached the border fence and attacked an IDF position. Five Palestinians were killed in the incident and two more were killed during the violent protest along the border fence.

So is there any chance that Hamas will stop the protests?

Absolutely not.

And it will probably just take one of two more extremely violent border protests such as the one that we witnessed on Friday to push Israel into action.

Of course the reality is that both sides are already exchanging fire.  On both Monday and Tuesday, the Israeli air force struck targets in Gaza

Earlier Tuesday, Israeli aircraft fired at a Palestinian terror cell as it launched firebomb balloons from the northern Gaza Strip into Israel. No casualties were reported.

The airstrike followed a similar incident on Monday, in which the IAF targeted a Hamas position in southern Gaza after Palestinian terrorists tried to plant explosives along the security fence on the border. One of the explosives exploded on the Gaza side of the fence. No injuries were reported, but the fence sustained some damage.

But what Liberman and Netanyahu are talking about would go far beyond such limited action.

What they are talking about would essentially be an invasion of Gaza with the intention of ending Hamas rule in the area.

Let’s talk about what such a scenario would mean for the Middle East as a whole.  Hamas would fight back with everything that they have got, and it would be an extremely bloody conflict.  Seeing an opportunity, Hezbollah would likely start striking Israel from the north, and the Israelis could suddenly find themselves fighting a war on two fronts.  And since Hezbollah is heavily funded and supplied by Iran, it is easy to imagine Iran getting involved in the conflict as well.

And once missiles start flying back and forth between Israel and Iran, all hell could break loose.

If a major regional war erupts in the Middle East, the Trump administration will not hesitate to intervene.  U.S. forces would be used to protect Israel, and such a move would inevitably unleash chaos and protests all over the globe.

We are just a hop, skip and jump away form World War 3, and most Americans don’t have a clue.

Once again, the eyes of the entire would will soon be glued on a tiny sliver of extremely important land in the Middle East, and we are going to watch a drama play out that will have enormous implications for the entire planet.

War is coming, and once it begins everything is going to change.

About the author: Michael Snyder is a nationally syndicated writer, media personality and political activist. He is publisher of The Most Important News and the author of four books including The Beginning Of The End and Living A Life That Really Matters.

The Last Days Warrior Summit is the premier online event of 2018 for Christians, Conservatives and Patriots.  It is a premium-members only international event that will empower and equip you with the knowledge and tools that you need as global events begin to escalate dramatically.  The speaker list includes Michael Snyder, Mike Adams, Dave Daubenmire, Ray Gano, Dr. Daniel Daves, Gary Kah, Justus Knight, Doug Krieger, Lyn Leahz, Laura Maxwell and many more. Full summit access will begin on October 25th, and if you would like to register for this unprecedented event you can do so right here.

“When the bubble bursts, America will experience an economic crisis much greater than the 2008 meltdown or the Great Depression”

The bigger they come, the harder they fall.  Currently, we are in the terminal phase of an “everything bubble” which has had ten years to grow.  It is the biggest financial bubble that our country has ever seen, and experts are warning that when it finally bursts we will experience an economic downturn that is even worse than the Great Depression of the 1930s.  Of course many of us in the alternative media have been warning about what is coming for quite some time, but now even many in the mainstream media have jumped on the bandwagon.  The Economist is one of the most prominent globalist mouthpieces in the entire world, and so I was stunned when I came across one of their articles earlier today that was entitled “Another economic downturn is just a matter of time”.  When the alternative media and globalist media outlets are both preaching economic doom, that is a very clear sign that big trouble is imminent.

But for the moment, global financial markets seem to have settled down a bit.  U.S. markets were down on Monday, but there wasn’t that much volatility.  Once again, it was tech stocks that got hit the hardest

Apple and Netflix pulled back more than 1.8 percent each. Netflix fell after Goldman Sachs and Raymond James slashed its price targets on the video-streaming giant. Apple dropped after Goldman Sachs said the tech giant’s earnings could fall short this year as demand in China slows. Amazon, Microsoft and Alphabet also traded lower.

This may seem odd to hear, but what happened on Monday was actually good news for Wall Street.

Whether the markets go up or down, what investors should want more than anything else right now is calm, and that is precisely what we witnessed on Monday.  Yes, tech stocks took a bit of a hit, but overall there was not much panic in the marketplace and that is a positive sign (at least in the short-term) for Wall Street.

But that doesn’t mean that some big event isn’t going to cause another wave of panic on Wall Street by the end of the week.  Nothing about the long-term outlook has changed at all.  We have entered a time when the Ponzi scheme that we call “our financial system” could literally collapse at any moment.

And when it does collapse, the U.S. economy is going to experience pain unlike anything that we have ever seen before.  In his most recent article, Ron Paul warns that when the “everything bubble” finally bursts “America will experience an economic crisis much greater than the 2008 meltdown or the Great Depression”…

The Fed will be unsuccessful in keeping the everything bubble from exploding. When the bubble bursts, America will experience an economic crisis much greater than the 2008 meltdown or the Great Depression.

This crisis is rooted in the failure to learn the lessons of 2008 and of every other recession since the Fed’s creation: A secretive central bank should not be allowed to manipulate interest rates and distort economic signals regarding market conditions. Such action leads to malinvestment and an explosion of individual, business, and government debt. This may cause a temporary boom, but the boom soon will be followed by a bust. The only way this cycle can be broken without a major crisis is for Congress both to restore people’s right to use the currency of their choice and to audit and then end the Fed.

Of course Ron Paul is far from alone.

Just the other day, Peter Schiff said essentially the exact same thing

Economic guru Peter Schiff is saying that the next market crash will be “far more painful” than that of the Great Recession in 2008. With rising interest rates and tariffs spiking the cost of living, Americans will have some difficult financial times ahead.

“I think as Americans lose their jobs, they are going to see the cost of living going up rather dramatically, and so this is going to make it particularly painful,” Schiff said. “This is a bubble not just in the stock market, but the entire economy,” he told Fox News Business. Schiff is predicting a recession, accompanied by rising consumer prices, that will be far more painful than the 2007-2009 Great Recession.

The Federal Reserve and other global central banks worked very hard to inflate this bubble for a very long time, and now the Federal Reserve is raising interest rates quite rapidly.

They seem determined to burst their own bubble, and in the process they are going to create immense economic devastation all over the planet.

When President Trump said that the Federal Reserve has “gone crazy”, he was right on the money, and hopefully the American people will finally see that it is time to shut the Fed down permanently.

And as I noted earlier, the mainstream media also seems to at least partially understand what is happening.  For example, the following comes from a Bloomberg article entitled “Get Out of Equities Before It’s Too Late, Says Fund Manager”

The tumble in equities may go deeper than the correction earlier this year and investors should get ready to sell, according to a Budapest-based fund manager.

“Investors have to start looking for a way out from equities now,” Attila Dzsubak, investment director at MKB-Pannonia Fund Manager, who helps oversee 670 billion forint ($2.4 billion) in assets, said in Budapest. “Past experience shows that exits can quickly become too narrow.”

In the stock market, you only make money if you buy at the right time and if you sell at the right time.

Many of those that are wealthy on paper at the moment are going to see that paper wealth disappear in stunning fashion during the coming collapse.

America’s pride is largely based on the staggering wealth that we have been able to enjoy, but what is going to happen once that wealth is gone?

For the moment the bubble still lives, but the clock is ticking…

About the author: Michael Snyder is a nationally syndicated writer, media personality and political activist. He is publisher of The Most Important News and the author of four books including The Beginning Of The End and Living A Life That Really Matters.

The Last Days Warrior Summit is the premier online event of 2018 for Christians, Conservatives and Patriots.  It is a premium-members only international event that will empower and equip you with the knowledge and tools that you need as global events begin to escalate dramatically.  The speaker list includes Michael Snyder, Mike Adams, Dave Daubenmire, Ray Gano, Dr. Daniel Daves, Gary Kah, Justus Knight, Doug Krieger, Lyn Leahz, Laura Maxwell and many more. Full summit access will begin on October 25th, and if you would like to register for this unprecedented event you can do so right here.

You Can Kick The Can Down The Road, But Reality Will Catch Up With You Eventually

Nobody can defy the laws of economics forever.  Whether it is an individual, a company or the nation as a whole, reality always catches up with everyone eventually.  For years, I have been warning that Sears was eventually going to zero, but of course it didn’t happen immediately.  Sears CEO Eddie Lampert kept convincing investors to pour more money into his beleaguered money pit, and so the can kept getting kicked down the road.  It takes a great con man to be able to pull off what Eddie Lampert was able to pull off, and we should all be in awe at the level of skill that he has displayed.  But all good cons eventually come to an end, and now the retailer that was once the largest in world history is coming to an end.  According to multiple media reports, a Sears bankruptcy filing is imminent.  For a while there it looked like it would be a Chapter 7 filing which would mean immediate liquidation for Sears.  But it appears that Lampert will be able secure enough funding to give Sears a little bit of breathing space.  A Chapter 11 bankruptcy filing will allow most of the stores to stay open through the holidays and will give Sears more time to sell off more assets.

I can’t even imagine who would be dumb enough to hand Lampert more money at this point, and this is yet another example that shows that the old saying “a sucker is born every minute” is definitely true.

And we are not talking about a small amount of money.  According to USA Today, Sears is going to need between 300 and 500 million dollars just to keep operating through the holidays…

It is trying to secure $300 million to $500 million to continue functioning through the holidays, keeping a winnowed number of locations open, says the person familiar with what is being considered. As of an Aug. 4 public filing, Sears Holdings, the parent company of Sears and Kmart, still had 506 Sears stores and 360 Kmart locations.

If the bankruptcy filing occurs, it is likely the beginning of what has been the long, drawn-out ending to one of the most renowned sagas in retail.

Lampert is going to be burning up the phones all weekend, because Sears needs cash immediately for a 134 million dollar debt payment that is due on Monday

Now, Sears is facing a critical Monday deadline to make a $134 million debt payment. Reports this week by the Wall Street Journal and CNBC said Sears had begun consulting with advisers to prepare a possible bankruptcy filing.

Just like our current stock market bubble, it is absolutely amazing that Sears has survived for as long as it has.

The truth is that Sears should have been put out of its misery long ago, but the can just kept getting kicked down the road.  But now the cash is gone and the debts have become overwhelming.

At this point, Sears has been missing payments to important vendors and has been making preparations for the upcoming bankruptcy filing for weeks

Three companies that sell items at Sears told Reuters this week that Sears had missed payments to them over the past few weeks. One of Sears’ major shareholders recently dumped a chunk of his stock for pennies on his original investment. The company added a new director this week who is familiar with bankruptcies and restructuring.

And reports are swirling that the company is talking to advisers and banks in preparation for a bankruptcy filing. According to the Wall Street Journal, Sears has hired M-III Partners, a boutique advisory firm specializing in seeing companies through bankruptcies and restructuring, The company is also talking to lenders about providing it with debtor-in-possession financing, CNBC reported. That kind of loan is used by companies that file for bankruptcy to fund operations during the process. Usually, funding is secured well before the final days.

Many of the company’s lenders had been pushing for an immediate Chapter 7 liquidation.  They wanted the bleeding to stop so that they could recover what they could while there was still something to grab.

But Eddie Lampert seems determined to stretch this thing out for as long as possible, and so it appears that a Chapter 11 bankruptcy filing will happen instead.

It is easy to mock Sears, but the truth that America as a whole is on the exact same trajectory.

In my article that lists 101 reasons why the Federal Reserve should be shut down, I explain the absolute insanity of our current debt-based financial system.  Our system is literally designed to create as much debt as possible, and that is precisely what has been happening since the Federal Reserve was created in 1913.

If you add up all forms of debt in the United States (government, business, consumer, etc.), it comes to a grand total of more than 68 trillion dollars.  Other than hyper-inflating our currency into oblivion, there is no possible way that all of that debt will ever be repaid.  Under our current system, the only viable choice is to “extend and pretend”, and that is what we have been doing for decades.

But just like with Sears, economic reality is catching up with us, and time is rapidly running out for America.

From time to time, I get accused of being “too negative”, but the truth is that myself and others like me have been pleading with the American people to consider alternative solutions for many years.  In my latest book, I strongly advocate for the elimination of the Federal Reserve system and the establishment of a new financial system and a new currency that are not based on exponential debt growth.  In addition to writing thousands of articles, I have traveled and spoken to groups about these issues extensively, and I have done countless radio and television interviews.

But voices like mine have not been embraced on a widespread basis, and instead the American people seem to want the status quo.

So the can will keep getting kicked down the road until everything collapses.

Ultimately, what we are facing is the greatest economic depression that the United States has ever seen.  I really like how Charles Hugh Smith made this point as he wrapped up his most recent article

Everywhere we look in the U.S. economy, we see sky-high fixed costs. Investors who overpaid for commercial real estate will default once their business tenants close down, homeowners who overpaid will default once one of the household’s primary jobholders loses his/her job, state and local governments that have feasted on a decade of rising tax revenues will suddenly face staggering deficits as tax revenues crater–the list of those with high fixed costs and no wiggle room other than bankruptcy is essentially endless in America.

Here’s the difference between a recession and a depression: you can’t get blood from a stone, or make an insolvent entity solvent with more debt. Losses will have to taken, and nose-bleed fixed-costs will have to be slashed; reality will eventually have to be dealt with.

But everyone will resist this process because high fixed costs are the gravy train everyone depends on. Slashing fixed costs destroys the income needed to support asset valuations which are the collateral for the stupendous mountains of debt that define the U.S. economy. Once that debt is written down, the entire financial system collapses.

It didn’t have to be this way.

America could have chosen another path, but it didn’t.

So now we are steamrolling toward a date with destiny, and the people of this country will soon receive a very harsh lesson about economic reality.

About the author: Michael Snyder is a nationally syndicated writer, media personality and political activist. He is publisher of The Most Important News and the author of four books including The Beginning Of The End and Living A Life That Really Matters.

The Last Days Warrior Summit is the premier online event of 2018 for Christians, Conservatives and Patriots.  It is a premium-members only international event that will empower and equip you with the knowledge and tools that you need as global events begin to escalate dramatically.  The speaker list includes Michael Snyder, Mike Adams, Dave Daubenmire, Ray Gano, Dr. Daniel Daves, Gary Kah, Justus Knight, Doug Krieger, Lyn Leahz, Laura Maxwell and many more. Full summit access will begin on October 25th, and if you would like to register for this unprecedented event you can do so right here.