Why Is The Mainstream Media Signaling That A Much Larger Stock Market Decline Is Coming?

Why would the mainstream media want all of us to believe that stock prices are about to fall dramatically?  Just like we witnessed earlier this year at the beginning of the pandemic, the corporate media is full of reports that seem to imply that it is a virtual certainty that stock prices are going to go even lower.  Of course it would make perfect sense for stock prices to go down because they are incredibly overvalued right now, but normally the mainstream media does not try to tell us where stock prices are going next.  And the fact that so many news outlets are repeating the same mantra right now is particularly troublesome.

Without a doubt, the momentum of stock prices is taking us in a downward direction at the moment.  All of the major stock indexes have posted declines for three weeks in a row, and it looks like this week could make it four.

As I write this article, the Dow Jones Industrial Average is down 4.5 percent for the month, the S&P 500 is down over 6 percent, and the Nasdaq has fallen about 8.5 percent.  Overall, the market is on pace for the worst September in 18 years, but the corporate-controlled media seems convinced that things are going to get even worse.  For example, the following comes from a CNBC article entitled “Stock sell-off accelerates and is expected to get worse before it gets better”

Stock investors focused on new worries about the coronavirus and economy, selling into a market Monday that was already technically shaken and set for further declines.

I looked for evidence that would back up the assertion that the market is “set for further declines” in the remainder of that article, but I didn’t see any.

Without a doubt, I definitely agree that stock prices have a long, long way to fall, but there is no reason why they couldn’t bounce back for the rest of this week.

So it seems odd that CNBC would be so dogmatic.

And USA Today just posted an article that suggested that we are facing “a looming global financial crisis”…

“Massive fiscal and monetary policy stimulus” that came together to prop up the economy has caused debt to balloon and stocks to become potentially overvalued, posing “the serious risk of a looming global financial crisis as central banks begin to shift away from easy (monetary) policy at some point in the years to come.”

Once again, I definitely agree that a global financial crisis could erupt at any time.

But normally we don’t see the mainstream media using such language.

At this point, we are less than a month and a half away from the election, and many have suggested that uncertainty about the outcome could weigh heavily on the market.  In fact, CNN is telling us that we should anticipate “that volatility will be high” during the period surrounding election day…

Market experts have warned that volatility will be high toward the end of the year and around the election, especially because many expect the winner won’t be known immediately.

Could it be possible that there will be an attempt to disrupt the market in an attempt to make one of the candidates look bad?

I know that would sound absurd during normal times, but these are definitely not normal times.

And ultra-wealthy insiders definitely seem to believe that something is coming, because they have been selling stocks like crazy recently.  According to Zero Hedge, “during the week ended September 11, insiders sold $473 million in shares while only buying $9.5 million.”

I don’t know about you, but those numbers definitely got my attention.

Of course stock prices should have never, ever gotten so high in the first place.  The unprecedented market rally that we have witnessed in 2020 has occurred during a time when we have actually plunged into a new economic depression.  Almost every day I share more horrific economic numbers with my readers, and here are some more from the New York Post

Nearly 90 percent of New York City bar and restaurant owners couldn’t pay their rent in August, heightening the continued crush the coronavirus shutdown has inflicted on Gotham’s economy.

Eighty-seven percent of bars, restaurants, nightclubs and event spaces in the five boroughs could not pay their full August rent, according to data from 457 businesses surveyed between Aug. 25 and Sept. 11, in a new study released Monday by the nonprofit NYC Hospitality Alliance.

How in the world can anyone possibly use the phrase “economic recovery” when we are seeing numbers like that?

We have never seen an economic downturn of this magnitude in all of modern American history, and many believe that what we have experienced so far is just the beginning.

With each passing day, we see more societal turmoil in the headlines, and the upcoming election threatens to bring our societal tensions to a thundering crescendo.

In such an environment, a huge stock market crash would not be surprising at all, and some are suggesting that the shove that pushes us over the edge could actually happen on purpose.  In his most recent video, Greg Mannarino warned that the upcoming financial crash “is going to be epic”, and he told his audience that our largest financial institutions could collapse the market any time that they want

“They can crush the global economy or the market. The global economy, which is the middle class, is already crushed, ok. They can destroy the stock market like this [snaps fingers.] And you can see it playing out right now. So all to of this is more than likely going to get brushed under the rug as it always does,” Mannarino says of the banks controlling the world.

It is not unusual for pundits such as Mannarino to make such bold predictions, but what alarms me is that the mainstream media is also strongly suggesting that a market crash is coming.

Even if the mainstream media is not attempting to do it on purpose, their words can become a self-fulfilling prophecy as countless investors spooked by their reports pull money out of the marketplace.

Sadly, this is one instance in which the mainstream media will ultimately be proven correct.  Whether it happens in the immediate future or not, the truth is that we are heading for a financial meltdown that will be absolutely horrifying.

In recent months, the Federal Reserve was able to reinflate our financial bubbles one more time, and hordes of investors eagerly jumped aboard the rally train.

But now that train is in danger of being derailed, and those that do not hop off in time could find themselves plunging into a nightmarish financial abyss.

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

About the Author: My name is Michael Snyder and my brand new book entitled “Lost Prophecies Of The Future Of America” is now available on Amazon.com.  By purchasing the book you help to support the work that my wife and I are doing, and by giving it to others you help to multiply the impact that we are having on people all over the globe.  I have published thousands of articles on The Economic Collapse BlogEnd Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe.  I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article.  In addition to my new book, I have written four others that are available on Amazon.com including The Beginning Of The EndGet Prepared Now, and Living A Life That Really Matters. (#CommissionsEarned)  The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions.  I encourage you to follow me on social media on Facebook and Twitter, and any way that you can share these articles with others is a great help.  During these very challenging times, people will need hope more than ever before, and it is our goal to share the gospel of Jesus Christ with as many people as we possibly can.

A September Stock Market Crash?

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

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

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

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

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

A trillion dollars is a serious amount of money.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

About the Author: My name is Michael Snyder and my brand new book entitled “Lost Prophecies Of The Future Of America” is now available on Amazon.com.  By purchasing the book you help to support the work that my wife and I are doing, and by giving it to others you help to multiply the impact that we are having on people all over the globe.  I have published thousands of articles on The Economic Collapse BlogEnd Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe.  I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article.  In addition to my new book, I have written four others that are available on Amazon.com including The Beginning Of The EndGet Prepared Now, and Living A Life That Really Matters. (#CommissionsEarned)  The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions.  I encourage you to follow me on social media on Facebook and Twitter, and any way that you can share these articles with others is a great help.  During these very challenging times, people will need hope more than ever before, and it is our goal to share the gospel of Jesus Christ with as many people as we possibly can.

Signs Of Trouble As We Make The Turn Toward The Fall?

Over the past several months we have been witnessing one of the most gloriously irrational stock market rallies in U.S. history.  Even CNN is admitting that this is “the worst economic crisis of our lifetimes”, but stock prices have just kept going higher and higher until this week.  Several months ago the Federal Reserve decided to do whatever it took to rescue the financial markets, and their exceedingly reckless behavior fueled a speculative boom that is unlike anything that we have ever seen before.  But now it appears that the boom may be ending.  The Dow Jones Industrial Average was down 807 points on Thursday, and it appears that Friday could be another very challenging day for Wall Street.  It is well documented that many of the greatest stock market crashes in history have happened in the fall, and many investors may be trying to bail out before this latest bubble bursts in spectacular fashion.

Tech stocks have led the way up during this latest rally, and now they could potentially start leading the market back in the other direction.  On Thursday, the biggest names in the tech world got hit particularly hard

Apple shares fell 8% for their biggest one-day decline since March 16. Amazon and Netflix were both down more than 4% and Facebook slid 3.8%. Microsoft slipped 6.2%. Alphabet pulled back by 5.1%.

And Tesla has been absolutely monkey-hammered over the past several days.  If you can believe it, the stock is now 18 percent lower than it was on Monday

Tesla shares slid 9% on Thursday, building on the stock’s recent losses after the company’s largest outside shareholder reduced its position, and after the automaker said it would raise up to $5 billion in a new share offering.

With Thursday’s decline, the stock is more than 18% below Monday’s close, a day when the name surged following its stock split.

But I wouldn’t be crying too much for those holding Tesla stock just yet.  The stock is still way, way up so far in 2020, and it is still massively overvalued.

In fact, if Tesla’s stock price fell 90 percent I would still think that it was overvalued.

Needless to say, the entire market is tremendously overvalued at this point.  It is absolutely absurd that the Dow is sitting above 28,000 at the moment.  Investors decided to divorce economic reality long ago, and even with the losses that we have seen this week they are still sitting really pretty.

But could that soon change?

According to one expert that was just interviewed by CNBC, the market could be heading into a “Minsky moment”…

Asset prices could be on the cusp of a sharp collapse known as a “Minsky moment,” and may retest lows last seen in March, according to Ron William, market strategist and founder of RW Advisory.

So exactly what is a “Minsky moment”?

The following is how CNBC defines it…

A “Minsky moment,” named after economist Hyman Minsky, refers to a sudden market collapse following an unsustainable bull run, which in this case could be fueled by the “easy credit” environment created as a result of unprecedented fiscal and monetary stimulus measures.

I think that may be a perfect description of what we are facing.  Since the second half of March, the Dow, the S&P 500 and the Nasdaq are all up more than 50 percent even though the U.S. economy as a whole has been falling apart all around us.

If we were ever due for a “Minsky moment”, it is now.

And it is interesting to note that the stock market also peaked in early September in 1929.  The following quote from Sven Henrich was just posted by Zero Hedge

“September 3rd marked the top in 1929 following a furious rally fueled by wild optimism, excessive retail speculative behavior and markets disconnecting far above the fundamentals of the economy.”

It has been said that history doesn’t always repeat, but it often rhymes.

Meanwhile, we just learned that a huge number of Americans filed for unemployment benefits once again last week.

As I discussed a week ago, the Labor Department decided to change the way that it calculates seasonal adjustments for initial unemployment claims, and this week was going to be the first week when that change was going to show up.  So it wasn’t a surprise that the “official number” was lower than last week, but when you look at the unadjusted numbers the story is completely different.

In fact, those figures tell us that the number of Americans filing new claims for unemployment benefits was about 7,000 higher than the week before.

That is very troubling, because if we were going to have any sort of an “economic recovery” before the next wave of economic pain, it should be happening now.

And according to Wolf Richter, the number of continuing unemployment claims under all state and federal programs was way up over the previous week…

Powered by a nasty jump in continued unemployment claims under the federal Pandemic Unemployment Assistance (PUA) program for contract workers, established under the CARES Act, total continued claims under all state and federal programs jumped by 2.2 million, “not seasonally adjusted,” to 29.2 million people on unemployment rolls, the highest since August 1, according to the Department of Labor this morning.

In our entire history, we have never seen a spike in unemployment claims like we have in 2020.

But up until now, investors on Wall Street have been able to ignore what has been going on in the rest of the country.

In some ways it is easy to be in awe of their single-minded focus on speculative greed, and the mainstream media has been proudly touting how much richer some of the wealthiest investors have been getting.

Of course the truth is that you only make money in the stock market if you get out in time.  Nothing goes up forever, and this ridiculously absurd bubble will end the same way that so many others have.

Meanwhile, the real economy will continue to deteriorate as we plunge even deeper into the “perfect storm” that we are now dealing with.

In addition to everything else, a hotly contested presidential election is looming, and the fact that we are not likely to have a winner until some time well after November 3rd is just going to make matters even worse.

We truly live in historic times, and I have a feeling that they are about to get a whole lot more “interesting”.

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

About the Author: My name is Michael Snyder and my brand new book entitled “Lost Prophecies Of The Future Of America” is now available on Amazon.com.  By purchasing the book you help to support the work that my wife and I are doing, and by giving it to others you help to multiply the impact that we are having on people all over the globe.  I have published thousands of articles on The Economic Collapse BlogEnd Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe.  I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article.  In addition to my new book, I have written four others that are available on Amazon.com including The Beginning Of The EndGet Prepared Now, and Living A Life That Really Matters. (#CommissionsEarned)  The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions.  I encourage you to follow me on social media on Facebook and Twitter, and any way that you can share these articles with others is a great help.  During these very challenging times, people will need hope more than ever before, and it is our goal to share the gospel of Jesus Christ with as many people as we possibly can.

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.

This Was The Worst Week For The Stock Market Since 2008, And “Jobless Filings Are Growing Geometrically”

Just a few weeks ago everything seemed completely normal to most people, but now fear of the coronavirus has caused U.S. stock prices to absolutely implode.  The stock market crash of 2020 will forever be mentioned alongside the crashes of 1929, 1987 and 2008, and by the time it is over it could potentially end up being the largest of them all.  Close to a third of all stock market wealth in the entire country has already been wiped out, and many experts are warning that the worst is yet to come.  Of course the authorities are going to do their very best to try to prop up the market, but despite the most dramatic intervention by the Federal Reserve that we have ever witnessed, U.S. stocks just had their worst week since 2008

The Dow dropped more than 17% for the week, its biggest one-week fall since October 2008, when it slid 18.2%. The S&P 500 lost more than 13% week to date after dropping another 11.5% last week. The Nasdaq fell 12.6%. Both the S&P 500 and Nasdaq also had their worst weekly performances since the financial crisis in 2008.

And when you look at the numbers for the entire month so far, they are even more depressing

The Dow is down more than 24% for March and is currently on pace for its biggest one-month fall since September 1931. The S&P 500 has dropped 22% month to date and is headed for its worst monthly performance since May 1940.

Overall, the Dow Jones Industrial Average has fallen a whopping 35.2 percent from the all-time record high that we witnessed in February, and the S&P 500 has fallen 32.1 percent from the all-time record high that it set earlier this year.

In all of U.S. history, we have never seen a market crash of such speed and ferocity.

At this point, all of the stock market gains that we have witnessed since Donald Trump became president have been completely wiped out.

Ouch.

I know that many of you may find this difficult to believe, but stock prices are still substantially overvalued.

According to historical norms, stocks valuation ratios are still way too high, and so stocks still have a lot further to fall until they get back to “normal”.

Of course these aren’t “normal” times, and so there is no telling how far prices could eventually fall.

As financial markets continue to go wildly up and down, an increasing number of financial firms are inevitably going to get into very serious trouble.

On Friday, many were absolutely stunned when Ronin Capital completely imploded

Well, no more: according to CNBC’s Scott Wapner, one of the CME’s direct clearing firms was unable to meet its capital requirements on Friday, forcing the exchange to step in and invoke its “emergency protocols” to auction off the firm’s portfolios.

The firm in question: Ronin Capital, which on its website says “seeks the best and brightest people who embrace our Firm’s culture, and can thrive in a dynamic, entrepreneurial trading environment.” Apparently, that also meant being unable to quantify your risk exposure.

Sadly, what we have witnessed so far is just the beginning.

Meanwhile, the greatest corporate debt bubble in history appears as though it is about to burst in a major way.  According to Bloomberg, “the amount of distressed debt in the U.S. alone has doubled” over the past couple of weeks…

In less than two weeks, the amount of distressed debt in the U.S. alone has doubled to a half-trillion dollars as the collapse of oil prices and the fallout from the coronavirus shutters entire industries.

In all, U.S. corporate bonds that yield at least 10 percentage points above Treasuries, as well as loans that trade for less than 80 cents on the dollar, have swelled to $533 billion, data compiled by Bloomberg show.

But most ordinary Americans are not really too concerned about such matters.

What many Americans are worried about these days is whether or not they will actually have jobs next week.

As the U.S. literally shuts down from coast to coast, Americans are losing jobs at a pace that is mind blowing, and we are being told that state jobless claims “are growing geometrically”

State jobless filings are growing geometrically, a signal of how the national numbers will change when we have them. Last Monday, Colorado had 400 people apply for unemployment insurance. This Tuesday: 6,800. California has seen its daily filings jump from 2,000 to 80,000. Oregon went from 800 to 18,000. In Connecticut, nearly 2 percent of the state’s workers declared that they were newly jobless on a single day. Many other states are reporting the same kinds of figures.

When I first read those numbers, they took my breath away.

And since most workers in this country are living paycheck to paycheck, large numbers of them will almost instantly be struggling to pay their basic expenses once they are let go.

Sadly, more layoffs are coming, and we are now being warned to brace ourselves for job loss numbers that once would have been unthinkable

The first real bad U.S. economic data from the coronavirus outbreak was released on Thursday, as initial jobless claims surged 70,000 to 281,000, the highest level in 2.5 years.

But that is not anything compared with what is in store.

David Choi, an economist from Goldman Sachs, says initial claims for the week ending March 21 may jump to a seasonally adjusted 2.25 million.

Please pray for those that are losing their jobs, because most of them will not be able to find work for the foreseeable future.

What we are dealing with is not just another economic downturn.  In her most recent article, Annie Lowrey described this as an economic “shock” that is “more sudden and severe than anyone alive has ever experienced”…

What is happening is a shock to the American economy more sudden and severe than anyone alive has ever experienced. The unemployment rate climbed to its apex of 9.9 percent 23 months after the formal start of the Great Recession. Just a few weeks into the domestic coronavirus pandemic, and just days into the imposition of emergency measures to arrest it, nearly 20 percent of workers report that they have lost hours or lost their job. One payroll and scheduling processor suggests that 22 percent of work hours have evaporated for hourly employees, with three in 10 people who would normally show up for work not going as of Tuesday. Absent a strong governmental response, the unemployment rate seems certain to reach heights not seen since the Great Depression or even the miserable late 1800s.

So how bad could things ultimately get?

Well, Goldman Sachs is now forecasting that on an annualized basis U.S. GDP will plunge 24 percent in the second quarter

Goldman Sachs economists on Friday forecast an unprecedented 24% decline in second quarter gross domestic product, following a 6% decline in the first quarter, based on the economy’s sudden and historic shutdown as the country responds to the coronavirus pandemic.

If that projection is anywhere close to accurate, we are about to see economic suffering that will be off the charts.

Needless to say, cries for help from the federal government will soon become overwhelming.  At this point, even billionaires such as Ray Dalio are pleading for the government to do more

As the coronavirus spread Thursday, Bridgewater’s Ray Dalio said the outbreak will cost U.S. corporations up to $4 trillion, and “a lot of people are going to be broke.”

“What’s happening has not happened in our lifetime before. … What we have is a crisis,” the Bridgewater founder said on CNBC’s “Squawk Box.” “There will also be individuals who have very big losses. … There’s a need for the government to spend more money, a lot more money.”

So a broke government that is already 23.5 trillion dollars in debt is supposed to borrow and spend trillions more to bail everyone out?

Good luck with all that.

We have reached the beginning of the end.

We have reached a time when everyone and everything is going to be shaken, and life is never going to go back to the way it was before.

But as I keep stressing, now is not a time for fear.

With God’s help we can get through this, but God’s plan for your future may end up looking radically different from what your plan for the future would have looked like.

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.

For The 3rd Time This Month, We Just Witnessed The Largest Single Day Point Crash In Stock Market History

We are literally witnessing history in the making.  For the third time in the last six trading sessions, we have witnessed the largest single day point crash in stock market history.  Let that sink in for a moment.  On March 9th, the Dow set a new record by falling 2,013 points.  Then on March 12th, the Dow set a new record again by falling 2,352 points.  Of course what happened on Monday was the biggest whopper of them all.  The Dow Jones Industrial Average was down 2,997 points, and words like “carnage” and “devastation” don’t seem to be strong enough to convey that horror that took place.  To put all of this into perspective, the largest single day point crash during the last financial crisis was just 777 points.  That means that the crash that we witnessed on Monday was nearly four times as large as the worst single day point crash in 2008.

Of course all of this volatility is being driven by fear of the coronavirus.  Even though less than 100 Americans have died so far, investors are completely freaking out.

So what will happen if thousands or even millions of us start dying?

On a percentage basis, the nightmare that we watched unfold on Monday was the worst day for stocks since “Black Monday” in 1987

Stocks fell sharply Monday — with the Dow suffering its worst day since the “Black Monday” market crash in 1987 and its third-worst day ever — even after the Federal Reserve embarked on a massive monetary stimulus campaign to curb slower economic growth amid the coronavirus outbreak.

The Dow Jones Industrial Average closed 2,997.10 points lower, or 12.9%, at 20,188.52. The 30-stock Dow was briefly down more than 3,000 points in the final minutes of trading. The S&P 500 dropped 12% to 2,386.13 — hitting its lowest level since December 2018 — while the Nasdaq Composite closed 12.3% lower at 6,904.59 in its worst day ever.

Overall, the Dow is now down more than 31 percent from the all-time high set earlier this year.

If you can believe it, all of the tremendous stock market gains that we have witnessed over the last three years have been completely wiped out in just 18 trading days.

Ouch.

Banking stocks were hit particularly hard once again on Monday.  Bank of America and JPMorgan Chase were each down more than 14 percent, Morgan Stanley was down more than 15 percent, and Citigroup was down more than 19 percent.

Remember, those are not figures for the entire year.

Those are figures for one day.

Of course the utter carnage was not just limited to stocks.  The following is how Zero Hedge summarized some of the other losses that we witnessed…

  • STOXX EUROPE 600 ENDS DOWN 4.9%, LOWEST CLOSE SINCE MID-2013
  • SOUTH AFRICA’S FTSE/JSE INDEX FALLS AS MUCH AS 12.2%, MOST EVER
  • MUNI BONDS EXTEND WORST ROUT SINCE 1987
  • COPPER SLUMPS AS MUCH AS 5.2% AMID WEAKENING RISK APPETITE
  • BRENT CRUDE OIL PLUNGES BELOW $30 FOR FIRST TIME SINCE 2016
  • SILVER PLUNGES TO 2011 LOWS
  • U.S. WHOLESALE GASOLINE PRICES PLUNGE 21%
  • HYG WORST DROP SINCE 2008
  • LQD WORST DROP SINCE 2008

The good news is that there is often a hefty rebound after a historic decline of this magnitude.  It appears that stock prices will likely shoot back up a good bit on Tuesday, and that will temporarily soothe a lot of frazzled nerves.

But this coronavirus pandemic is not going away any time soon.  Over the past couple of days, restaurants and bars have been shut down across the nation, schools have been shuttered for the foreseeable future, and it has been announced that the entire city of San Francisco will be locked down.

As virtually all forms of activity come to a standstill all over America, our economic numbers are going to absolutely collapse.

In fact, on Monday we got a sneak preview of what is coming

The New York Fed’s Empire State business conditions index plunged a record 34.4 points to -21.5 in March, the regional Fed bank said Monday. Economists had expected a reading of 4.8, according to a survey by Econoday. This is the lowest level since the financial crisis in 2009.

As we plunge into a truly horrifying economic downturn, businesses all over the country are already crying out for bailouts.

We are now being told that many airlines could be bankrupt by May, and a 50 billion dollar aid package for the industry has already been requested

US airlines slammed by the coronavirus are requesting an aid package from the federal government that could amount to about $50 billion, according to industry group Airlines for America.

The requested aid would be in the form of loans, grants and tax relief. The airlines are looking for up to $25 billion in grants for passenger air carriers and $4 billion in grants to cargo carriers, and the same amounts in loans or loan guarantees, Airlines for America outlined in a briefing document.

Meanwhile, thousands upon thousands of ordinary U.S. citizens are already losing their jobs.  For example, just check out what is currently transpiring in New York

New York’s unemployment website was overwhelmed Monday as the coronavirus pandemic put tens of thousands of people across the state out of work.

A drastic move by Gov. Cuomo to close all of the state’s restaurants, bars, movie theaters, gyms and casinos by 8 p.m. Monday to contain the outbreak had suddenly jobless workers flooding the Department of Labor with applications for unemployment benefits.

This will soon be happening all over the nation.

So how many jobs could ultimately be lost if this pandemic stretches on for quite a while?

According to Moody’s Analytics, millions of jobs are potentially at risk…

Nearly 80 million jobs in the US economy are at high or moderate risk today, according to analysis in the last week from Moody’s Analytics. That’s more than half of the 153 million jobs in the economy overall.

That doesn’t mean that all those jobs will be lost. But it’s probable that as many as 10 million of those workers could see some impact to their paychecks — either layoffs, furloughs, fewer hours or wage cuts, said Mark Zandi, chief economist at Moody’s Analytics.

Needless to say, there is going to be enormous pressure for the federal government to “do something”, and U.S. Senator Mitt Romney has “joined a growing chorus of liberal and conservative economists” in calling for $1,000 to be given to every adult in America

On Monday, Sen. Mitt Romney (R-Utah) joined a growing chorus of liberal and conservative economists are lining up behind a proposal published in the Wall Street Journal by Harvard professor Jason Furman, who chaired the Council of Economic Advisers (CEA) under President Obama, that calls for direct government payments of $1,000 to every American adult.

Why not make it $10,000?

We could all use some extra cash.

Of course once this sort of thing starts happening, it won’t be too long before a loaf of bread costs ten dollars and a gallon of milk costs 20 dollars.

Flooding the system with money at a time when economic activity is contracting very sharply will inevitably cause very painful inflation.

Unfortunately, at a moment like this short-term considerations are all that policy makers are really concerned about, and the American people will be demanding “relief”.

So we should fully expect lots of free money to be thrown around.  In fact, Seattle Mayor Jenny Durkan announced on Monday that her city will provide “$5 million in grocery vouchers to help families impacted by the COVID-19 pandemic”.

But I must once again stress the fact that less than 100 Americans have died during this pandemic so far.

If things are getting this crazy already, what is our society going to look like a few months down the road?

According to the New York Times, nearly 7 million Americans could die in a “worst-case scenario”…

So far, the illness – known as COVID-19 – has sickened more than 4,200 people and killed 74.

But as a graphic from The New York Times shows, things could be much bleaker should overall infection rates and fatality rates rise.

In the worst-case scenario 6.99 million Americans would die from coronavirus – 2.74 million of them being those aged 80 and above.

We are just in the very early chapters of this “perfect storm”, and what we have experienced so far is nothing compared to what is coming.

If we can’t even handle the leading edge of this storm, what are we going to do when it really starts raging?

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. This article may contain opinions on political matters, but it is not intended to promote the candidacy of any particular political candidate. The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions. Those responding to this article by making comments are solely responsible for their viewpoints, and those viewpoints do not necessarily represent the viewpoints of Michael Snyder or the operators of the websites where my work is republished. I encourage you to follow me on social media on Facebook and Twitter, and any way that you can share these articles with others is a great help.

Did The Federal Reserve Just Purposely Try To Crash The Stock Market?

Unless the Federal Reserve is purposely attempting to spread panic on Wall Street, the decisions that the Fed just made don’t make any sense at all.  Back on March 3rd, the Federal Reserve announced an unscheduled emergency interest rate cut for the very first time since 2008.  Wall Street immediately interpreted that as a “panic move” and the Dow Jones Industrial Average ended the session down 785 points.  So Fed officials had to know what was going to happen once they announced an even bigger unscheduled emergency interest rate cut on Sunday.  Predictably, stock futures hit “limit down” very rapidly, and now investors are bracing for a week of tremendous carnage.

But this didn’t have to happen.  Yes, we witnessed three of the worst trading days in U.S. stock market history last week, but on Friday the Dow Jones Industrial Average was up 1,985 points.  It was an absolutely epic rally, and if the Fed had not caused so much panic there may have been a good chance that the rally could have continued into next week.

In other words, U.S. stocks just had one of their best days ever, and there didn’t appear to be a need for any “emergency intervention” by the Fed.

If the Federal Reserve had just waited a couple of days until their normally monthly meeting, and if the Fed had just cut rates a quarter point, that would have likely been greeted by the markets with warm enthusiasm.

But instead, Fed officials decided to load up their bazooka and go for broke on Sunday.  In addition to using up all of their “interest rate ammunition” in one epic volley, the Fed also officially restarted quantitative easing

The Federal Reserve, saying “the coronavirus outbreak has harmed communities and disrupted economic activity in many countries, including the United States,” cut interest rates to essentially zero on Sunday and launched a massive $700 billion quantitative easing program to shelter the economy from the effects of the virus.

The new fed funds rate, used as a benchmark both for short-term lending for financial institutions and as a peg to many consume rates, will now be targeted at 0%-0.25% down from a target range of 1% to 1.25%.

These moves have “panic” written all over them, and investors immediately responded accordingly

Stock market futures hit “limit down” levels of 5% lower, a move made by the CME futures exchange to reduce panic in markets. No prices can trade below that threshold, only at higher prices than that down 5% limit.

Dow Jones Industrial average futures were off by more than 1,000 points, triggering the limit down level. S&P 500 and Nasdaq 100 futures were also at their downside limits.

As I mentioned above, Fed officials saw what happened immediately after their March 3rd emergency rate cut, and so this sort of response by the markets should have been foreseeable.

As Wolf Richter has noted, these latest moves by the Fed were “the opposite of being confidence inspiring”…

The whole Sunday afternoon maneuver, on top of the mega shock-and-awe maneuvers Thursday and Friday reek of sheer and outright panic – and they’re the opposite of being confidence inspiring. That stock futures plunged after the Fed had effectively put its biggest tools to work shows how obvious this panic is.

So then why did the Fed pull the trigger if this was going to be the result?

It would seem that there are two obvious conclusions.  Either Fed officials are completely and utterly incompetent, or they were purposely trying to crash the stock market.

And now that the Federal Reserve is completely out of interest rate ammunition to fight any future economic downturn, the only weapon they have left is “helicopter money”.

As economic activity comes to a grinding standstill due to fear of the coronavirus, it appears to be inevitable that we will see tremendous inflation as the Fed floods the system with money.

In other words, there is going to be a whole lot more money chasing a lot fewer goods and services in the months to come.

Meanwhile, we are already starting to see a run on U.S. banks.  On Thursday, so many people were taking money out of a Bank of America branch in midtown Manhattan that it actually ran out of cash

As the stock market was having its worst day in 30 years on Thursday, customers at a Bank of America branch in Midtown Manhattan, the financial heart of New York, were lining up to take cash out of their accounts — sometimes tens of thousands of dollars at a time.

So many people sought huge sums that the bank branch, at 52nd Street and Park Avenue, temporarily ran out of $100 bills to fulfill large withdrawals, according to three people familiar with the branch’s operations. The shortage hit after a rash of requests for as much as $50,000, said two people who witnessed the rush.

And according to Zero Hedge, wealthy individuals in the Hamptons are doing the same thing…

As the ultra rich Snake Plisken out of the soon-to-be quarantined Manhattan – where at least one bank has are already run out of $100 bills – to fortify themselves against the viral zombie peasant hordes in their impregnable castles in the Hamptons, one thing they’re looking to hoard is cash, which has caused some substantial pressure on financial institutions in the area, according to Bloomberg. At least one New Yorker had his $30,000 cash withdrawal request denied at a Chase bank after being told the limit was $10,000. Meanwhile, bank employees said they were waiting on a “shipment of cash” to fulfill other requests that have been made exceeding the $10,000 amount.

Other branches in the area were unable to help in fulfilling the request, with the East Hampton branch reportedly telling the Southampton branch that it had “two massive withdrawal orders” of its own that it was trying to deal with.

Hopefully we won’t see similar scenes all over the country in the weeks ahead.

But without a doubt, panic continues to spread all over the globe.  The following examples come from CNN

A woman at an Australian supermarket allegedly pulls a knife on a man in a confrontation over toilet paper. A Singaporean student of Chinese ethnicity is beaten up on the streets of London and left with a fractured face. Protesters on the Indian Ocean island of Reunion welcome cruise passengers by hurling abuse and rocks at them.

The coronavirus risks bringing out the worst in humanity.

Yes, this virus is definitely bringing out the worst in humanity.

Here in the United States, two “panic shoppers” became so enraged with one another that they began hitting each other with broken wine bottles

A brawl erupted in a Georgia Sam’s Club packed with shoppers during which two feuding men slashed each other with broken wine bottles.

A second incident in a Costco in Brooklyn saw an employee pleading with two women to calm down after a screaming match began when carts collided in the mobbed store.

This is why it was so important to get prepared in advance.

For years I have been mocked for telling my readers to “get prepared”, but now those that did are going to be very thankful for the things that they have stored up.

If you are not prepared, you can go brave the giant crowds storming the stores if you wish, but at this point the big stores are going to be one of the very best places in the entire country to catch the virus.

I don’t know about you, but I am not eager to experience the “blinding pain” that survivors of COVID-19 have told us about.  So I would highly recommend avoiding big stores and other major public gathering places as much as possible.

We need to accept that life has changed for the foreseeable future.  According to Newt Gingrich, it is time for us to adopt a wartime mindset…

We should be planning for a worst-case pandemic and using the kind of intensity of implementation which served us so well in World War II. Getting enough ventilators, masks, intensive care units, treatment medications and aggressive community-wide testing are the minimum steps to saving lives and stopping the pandemic.

The Pence-led Coronavirus Task Force has begun to pull things together, but it should have a planning group that creates a worst-case projection and then devises the steps necessary to smother the pandemic and minimize its impact.

And this is also a time for prayer.  In fact, President Trump designated Sunday as a “National Day of Prayer”

President Donald Trump on Saturday declared Sunday, March 15, a “National Day of Prayer for All Americans Affected by the Coronavirus Pandemic and for our National Response Efforts.”

“I urge Americans of all faiths and religious traditions and backgrounds to offer prayers for all those affected, including people who have suffered harm or lost loved ones,” Trump said in his statement announcing the day of prayer.

Let us all hope that this pandemic passes as quickly as possible.

But the CDC just issued new guidelines that recommend that gatherings of 50 people or more not be held for the next eight weeks.

Of course most decision makers in this country will follow those guidelines, and so that means that our lives will not be getting back to normal for at least the next two months.

And it could be a whole lot longer than that.

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. This article may contain opinions on political matters, but it is not intended to promote the candidacy of any particular political candidate. The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions. Those responding to this article by making comments are solely responsible for their viewpoints, and those viewpoints do not necessarily represent the viewpoints of Michael Snyder or the operators of the websites where my work is republished. I encourage you to follow me on social media on Facebook and Twitter, and any way that you can share these articles with others is a great help.

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