Stock Market Crash! The Dow Has Now Plunged 2,368 Points From The Peak Of The Market

The level of panic that we witnessed on Wall Street on Wednesday was breathtaking.  After a promising start to the day, the Dow Jones Industrial Average started plunging, and at the close it was down another 608 points.  Since peaking at 26,951.81 on October 3rd, the Dow has now fallen 2,368 points, and all of the gains for 2018 have been completely wiped out.  But things are even worse when we look at the Nasdaq.  The percentage decline for the Nasdaq almost doubled the Dow’s stunning plunge on Wednesday, and it has now officially entered correction territory.  To say that it was a “bloodbath” for tech stocks on Wednesday would be a major understatement.  Several big name tech stocks were in free fall mode as panic swept through the marketplace like wildfire.  As I noted the other day, October 2018 looks a whole lot like October 2008, and many believe that the worst is yet to come.

But in the short-term we should see some sort of bounce once the current wave of panic selling is exhausted.  During every major stock market crash in our history there have been days when the stock market has absolutely soared, and this crash will not be any exception.

If we do see a bounce on either Thursday or Friday, please don’t assume that the crash is over.  Most key technical levels have already been breached, and even a small piece of bad news can send stocks plunging once again.

On Wednesday there really wasn’t anything too unusual that happened, but stocks cratered anyway.  Here is a summary of the carnage…

-The Dow Jones Industrial Average plummeted 608 points on Wednesday.

-The Dow is now down 7.1 percent for the month of October.

-The S&P 500 has now fallen for 13 of the last 15 trading days.

-The S&P 500 is now down 8.9 percent for the month of October.

-A whopping 70 percent of all S&P 500 stocks are already in correction territory.

-A third of all S&P 500 stocks are already in bear market territory.

-It was the worst day for the Nasdaq since 2011.

-The Nasdaq is now down 11.7 percent for the month of October.

-At this point, the Nasdaq has officially entered correction territory.

-The Russell 2000 is now down about 15 percent from the peak as it hurtles toward bear market territory.

-Over in Germany, Deutsche Bank closed at yet another record low as it teeters on the brink of disaster.

-Global systemically important bank stocks have now fallen a total of 30 percent from the peak of the market.

Hopefully things will stabilize for a while, but many experts are warning that things could get much worse from here

The latest swoon, which knocked the S&P 500 down more than 3 percent Wednesday, signaled to many Wall Street pros that the decline was entering a new, more dangerous phase. There’s growing concern now that this decline is more than a garden variety pullback, or drop of 5 percent to 9.99 percent, and could morph into a drop of 10 percent of more for the broad market.

“With the big sell-off today, the market may have moved from pullback into correction territory,” says Nick Sargen, chief economist and senior investment advisor for Fort Washington Investment Advisors.

All it is going to take is one more really bad day for the Dow to push us officially into correction territory.  And once we breach that 10 percent threshold, that could set off another round of panic selling.

On Wednesday, the one piece of bad news that kind of rattled investors was the fact that new home sales plunged dramatically in September…

This is a disastrous print:

August’s 629k SAAR was revised drastically lower to 585k and September printed 553k (SAAR) massively missing expectations of 625k (SAAR) – plunging to the weakest since Dec 2016…

That is a 13.2% collapse YoY – the biggest drop since May 2011

Without a doubt, a 13 percent year over year decline is catastrophic, and this is starting to remind many people of the housing crash that we witnessed back in 2008.  Homebuilder stocks have been plummeting all month, and home prices are collapsing all over the nation.

In my previous article entitled “Why Are So Many People Talking About The Potential For A Stock Market Crash In October?”, I noted that this has been the month with the most market volatility ever since the Dow was first established.  Absent some kind of major event, the stock market usually gets kind of sleepy around Thanksgiving and does not really spring to life again until after the new year has begun.

Of course it is entirely possible that this year could be different.

We have entered a time when global events appear to be accelerating significantly.  Earlier today, bombs were mailed to major political leaders all over the United States.  In the Middle East, it looks like Israel and Hamas could go to war at any moment.  And we continue to see a rise in major seismic events – including three very large earthquakes that just hit the Cascadia Subduction Zone.

It truly does appear that the elements for a “perfect storm” are beginning to come together.  We have been enjoying a period of relative stability for so long that many Americans have allowed themselves to become lulled into a state of complacency.  That is a huge mistake, because all along we have been steamrolling toward disaster, and nothing has been done to alter our course.

Dark days are ahead my friends, and I strongly urge you to get ready.

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.

Teetering On The Brink Of Disaster: 14 Of 19 Bear Market Signals Have Now Been Triggered

October 2018 is turning out to be a lot like October 2008.  The S&P 500 has now fallen for 12 of the last 14 trading days, and it is on pace for its worst October since the last financial crisis.  But the U.S. is actually in much better shape than the rest of the world at this point.  Even though they have fallen precipitously in recent days, U.S. stocks are still up 3 percent for the year overall.  On the other hand, global stocks (excluding the U.S.) are now down more than 10 percent for the year, and they are down more than 15 percent from the peak of the market in January.  All it is going to take is a couple more really bad trading sessions to push global stocks into bear market territory.

And even though U.S. stocks are still outperforming the rest of the world, many are anticipating that the U.S. is definitely heading for a bear market as well.

According to Bank of America, 14 out of their 19 “bear market indicators” have now been triggered

“Expect a long bout of volatility,” Bank of America strategists led by Savita Subramanian wrote in a report published on Sunday.

Bank of America keeps a running tally of “signposts” that signal looming bear market. The bad news is that 14 of these 19 indicators, or 74%, have been triggered. Two more were toppled earlier this month: the VIX volatility index (VIX) climbed above 20 and a growing number of Americans expect stocks to go up.

Of course not all 19 indicators need to be triggered in order for a bear market to happen.  These indicators are simply signposts, and what they are telling us is that big trouble could be brewing for the financial markets.

And Tuesday was certainly another chaotic day for Wall Street.  The Russell 2000 experienced another extremely disappointing day, and it is now officially red for the year

Small-cap stocks erased all of their gains for the year on Tuesday, and the Dow Jones Industrial Average at one point was not be too far behind.

The Russell 2000, composed of publicly traded companies with a market capitalization between $300 million and about $2 billion, shed 0.8 percent on Tuesday, putting it into the red for 2018, down 0.6 percent.

The number of stocks that are at 52-week lows far outnumbers those that are at 52-week highs, but a handful of big name stocks has been keeping the market from plummeting too dramatically.

In the short-term, we should expect some more wild swings up and down, but meanwhile we continue to receive more troubling news about the real economy.

For example, we recently learned that existing home sales were down once again last month

The metric of interest today is existing home sales. The reading came in at 5.15m units, which was well below the estimated 5.3m units and 4.1% below year ago levels. As the chart below shows, existing home sales have been falling all year long, and year-over-year growth rates have been mostly negative since September, 2017.

And auto sales are way down all over the country

A growing number of auto dealers around the country is seeing a noticeable drop in retail sales and customer traffic in showrooms, raising the possibility that a long-anticipated slowdown in auto sales has arrived.

“We are definitely seeing business pull back,” said Scott Adams, the owner of a Toyota dealership in Lee’s Summit, Missouri, just outside Kansas City. “September was off some, but this month our car sales are down 12 percent and our truck sales are down 23 percent.”

These things would not be happening if the economy was in good shape.

Every time the Federal Reserve goes through an interest rate hiking cycle it causes big problems for the economy, and this is something that President Trump alluded to during an interview with the Wall Street Journal

In an interview Tuesday with The Wall Street Journal, Mr. Trump acknowledged the independence the Fed has long enjoyed in setting economic policy, while also making clear he was intentionally sending a direct message to Mr. Powell that he wanted lower interest rates.

“Every time we do something great, he raises the interest rates,” Mr. Trump said, adding that Mr. Powell “almost looks like he’s happy raising interest rates.” The president declined to elaborate, and a spokeswoman for the Fed declined to comment.

No matter what President Trump does, disaster is inevitable if the Federal Reserve continues to raise rates.  The Federal Reserve has far more control over the economy than Trump does, and that is why many of his supporters are hoping that Trump adopts Ron Paul’s “End the Fed” message for the 2020 presidential campaign.

Speaking of the Federal Reserve, former Fed chair Paul Volcker is saying that the U.S. is facing “a hell of a mess”

Former Federal Reserve Chairman Paul Volcker, who has reached legend status in the world of central banking, isn’t optimistic about current conditions.

When Volcker looks around now, he sees “a hell of a mess in every direction,” including a lack of basic respect for government institutions, a current Fed that seems to be following a completely arbitrary benchmark and a “swamp” in Washington run by plutocrats.

Without a doubt, it is most definitely true that we are facing “a hell of a mess”, but most Americans are entirely clueless about what is coming.

In the aftermath of the 2008 crisis, the economy stabilized and global central banks were able to inflate the biggest financial bubble in human history.

Once this bubble bursts, there won’t be a similar “recovery” this time around.

Along with the rest of the world, the U.S. is headed for an unprecedented period of chaos and pain.  We should be thankful for each day of relative stability that we are still able to enjoy, because time is rapidly running out.

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.

How A North Korean Electromagnetic Pulse Attack Could Kill Millions And Turn America Into A Post-Apocalyptic Wasteland

This is why North Korea’s test of an intercontinental ballistic missile is so important.  North Korea had test fired a total of 22 missiles so far this year, but this latest one showed that nobody on the globe is out of their reach.  In fact, General Mattis is now admitting that “North Korea can basically threaten everywhere in the world”, and that includes the entire continental United States.  In addition to hitting individual cities with nukes, there is also the possibility that someday North Korea could try to take down the entire country with an EMP attack.  If the North Koreans detonated a single nuclear warhead several hundred miles above the center of the country, it would destroy the power grid and fry electronics from coast to coast.

I would like you to think about what that would mean for a few moments.  Suddenly there would be no power at home, at work or at school.  Since nearly all of our vehicles rely on computerized systems, you wouldn’t be able to go anywhere and nobody would be able to get to you.  And you wouldn’t be able to contact anyone because all phones would be dead.  Basically, pretty much everything electronic would be dead.  I am talking about computers, televisions, GPS devices, ATMs, heating and cooling systems, refrigerators, credit card readers, gas pumps, cash registers, hospital equipment, traffic lights, etc.

For the first couple of days life would continue somewhat normally, but then people would soon start to realize that the power isn’t coming back on and panic would begin to erupt.

The intercontinental ballistic missile that North Korea just launched traveled almost 1,000 kilometers and reached a maximum altitude of 4,500 kilometers.  We have been told for decades that this would never be allowed to happen, but now it has happened

This is concerning for one big reason: according to General Mattis, the North Korean ICBM “went higher, frankly, than any previous” and “North Korea can basically threaten everywhere in the world.” This was confirmed by North Korea missile analyst, Shea Cotton, who cited Allthingsnuclear author David Wright, and who told the BBC that the initial estimates of the ICBM test mean that North Korea can now reach New York and Washington DC.

If we had been working hard to develop our anti-missile technology all these years, this wouldn’t be a problem.

But at this point we are way behind the Russians in this regard, and there is a very real possibility that a missile launched by the North Koreans could make it through the very limited anti-missile defenses that we do have.

Once upon a time, discussions about a North Korean EMP threat were mostly hypothetical, but now that has completely changed.  North Korea has clearly demonstrated that they are able to deliver such an attack, and last September Kim Jong Un publicly admitted that North Korea intended to develop this capability

But most reporters missed a key threat that appeared at the bottom of Kim’s public statement, when he bragged that North Korea had harnessed “a multi-functional thermonuclear nuke with great destructive power which can be detonated at high altitudes for super-powerful EMP (electromagnetic pulse) attack according to strategic goals.”

So now we know. Launching an electromagnetic pulse attacks against its enemies is one of North Korea’s strategic goals. And for North Korea, the United States is the top enemy.

And like I said earlier, all it would take would be a single well placed nuclear detonation to fry electronics from coast to coast.  The following comes from the Daily Mail

Theoretically, a sufficiently powerful bomb detonated at an altitude of 249 miles would wipe out all electronics in the US, save the southernmost top of Florida and the easternmost states – as well as affecting Canada and Mexico.

Without power, nothing would get distributed.  That means that very rapidly there would be no food, no water and no medicine available in your community.  An article posted by Fox News this week used the term “post-apocalyptic” to describe what we would be facing…

It all starts to sound very post-apocalyptic when you realize this means no lights or other electric-powered devices in homes and businesses, no water filtration, no regional food hubs, no transportation grid – none of the things we take for granted in modern civilization.

Like I stated earlier, things would be relatively fine for a few days, but then once everyone realizes that the power isn’t coming back on there would be chaos on a scale unlike anything we have ever seen before.  The following comes from an article by Mac Slavo

The first 24 – 48 hours after such an occurrence will lead to confusion among the general population as traditional news acquisition sources like television, radio and cell phone networks will be non-functional.

Within a matter of days, once people realize the power might not be coming back on and grocery store shelves start emptying, the entire system will begin to delve into chaos.

Within 30 days a mass die off will have begun as food supplies dwindle, looters and gangs turn to violent extremes, medicine can’t be restocked and water pump stations fail.

So what kind of a “mass die off” would we be talking about?

Well, some of the top experts in the field believe that “up to 90 percent of all Americans” could end up dead if the power outage lasted long enough…

William Graham, chairman of the former EMP commission and its former chief of staff, Peter Vincent Pry, warned the hearing that such an attack could “shut down the US electric power grid for an indefinite period, leading to the death within a year of up to 90 percent of all Americans.

Others believe that the figure would be lower, but pretty much everyone agrees that the death toll would be in the millions.

This is one of our greatest strategic vulnerabilities, and our power grid could be hardened against an EMP attack for just a few billion dollars.  This is something that I am pushing very hard for, but right now it is just not a priority for our leaders in Washington.

In fact, they have actually pulled funding from the commission that was looking into the EMP threat…

On Sept. 30, the Congressional Commission to Assess the Threat of Electromagnetic Pulse to the United States of America shut its doors after a failure to secure funding from Congress.

Sometimes I find it difficult to come up with the words to describe how incredibly foolish Congress is being.

An EMP attack is a greater threat than ever before, and yet Congress didn’t even want to come up with a little bit of funding for the commission that was working on a plan to protect us.

This is yet another example that shows that we need new leadership on Capitol Hill, because right now the people that we have “representing” us in Washington seem to be completely and utterly clueless about almost everything.

Michael Snyder is a Republican candidate for Congress in Idaho’s First Congressional District, and you can learn how you can get involved in the campaign on his official website. His new book entitled “Living A Life That Really Matters” is available in paperback and for the Kindle on Amazon.com.

West Coast Seismic Alert: 2 Alaskan Volcanoes Erupt As Earthquake Swarms At Mount St. Helens Raise Concerns

Mount St. Helens, Mount Rainier and Mount Hood are all major volcanoes that lie along the infamous “Ring of Fire” that runs down the west coast of the United States, and all of the seismic activity that has been taking place in the region has many concerned about what may happen next.  Earlier this month, I wrote about how 45 earthquakes of magnitude 2.5 or greater hit Alaska in just one 24 hour period.  This week, it is volcanic activity that is raising concerns.  The earthquake swarms at Mount St. Helens are making headlines all over the globe, and on Tuesday two major volcanoes in Alaska suddenly erupted on the exact same day

An eruption at Bogoslof volcano – one of two to erupt in the Aleutian Islands Tuesday – is its first after more than two months of inactivity, causing ash to fall in a nearby community before drifting south over the Pacific Ocean.

The Alaska Volcano Observatory said Tuesday night’s eruption at the volcano about 60 miles west of Unalaska, which began just after 10:30 p.m. and lasted for 73 minutes, sent a plume to an altitude of 34,000 feet.

Overall, 39 volcanoes around the world are either erupting right now or have recently erupted according to Volcano Discovery.

Most of those active volcanoes are along the Ring of Fire.

Fortunately, the U.S. portion of the Ring of Fire has been less active than other areas in recent years.  But experts assure us that will eventually change because seismic tension continues to build.  One example of this is what is happening at Mount St. Helens right now.  According to scientists, the famous volcano is currently going through what is known as a “magma recharge”

Since mid-April, small earthquakes have been cropping up deep beneath Mount St Helens at ‘relatively high rates,’ bringing roughly one tremor every few hours.

In the last 30 days, scientists have located 55 seismic events in the vicinity, and say there may be well over 100 earthquakes linked to the swarm so far.

The activity falls in line with magma recharge thought to be underway since 2008.

Someday it will erupt again, and the geologists that monitor these things are watching the latest developments very carefully

“Mount St. Helens is at normal background levels of activity,” Liz Westby, a geologist with the U.S. Geological Survey–Cascades Volcano Observatory, told ABC News. “But a bit out of the ordinary are several small magnitude earthquake swarms in March to May 2016, November 2016 and April 16 to May 5, 2017. During the April 16 to May 5, 2017, swarm, we detected well over 100 earthquakes, all below a magnitude 1.3.”

Personally, I am much more concerned about Mount Rainier than I am about Mount St. Helens.  Since the last time it erupted in the late 19th century, hundreds of thousands of people have moved into the danger zone around the volcano, and a full-blown eruption now would eclipse any other natural disaster in recorded U.S. history.

Over the last 30 days, there has also been a good bit of seismic activity at Mount Rainier, and much of it has been centered right along the core of the volcano…

Mount Rainier is capable of unleashing a flow of super-heated mud that could literally cover much of the Seattle/Tacoma area.  If you think that I am exaggerating, please see the following excerpt from Wikipedia

Mount Rainier is currently listed as a Decade Volcano, or one of the 16 volcanoes with the greatest likelihood of causing great loss of life and property if eruptive activity resumes.[45] If Mt. Rainier were to erupt as powerfully as Mount St. Helens did in its May 18, 1980 eruption, the effect would be cumulatively greater, because of the far more massive amounts of glacial ice locked on the volcano compared to Mount St. Helens,[37] the vastly more heavily populated areas surrounding Rainier, and the simple fact that Mt Rainier is a much bigger volcano, almost twice the size of St. Helens.[46] Lahars from Rainier pose the most risk to life and property,[47] as many communities lie atop older lahar deposits. According to the United States Geological Survey (USGS), about 150,000 people live on top of old lahar deposits of Rainier.[7] Not only is there much ice atop the volcano, the volcano is also slowly being weakened by hydrothermal activity. According to Geoff Clayton, a geologist with a Washington State Geology firm, RH2 Engineering, a repeat of the Osceola mudflow would destroy Enumclaw, Orting, Kent, Auburn, Puyallup, Sumner and all of Renton.[36] Such a mudflow might also reach down the Duwamish estuary and destroy parts of downtown Seattle, and cause tsunamis in Puget Sound and Lake Washington.[48] Rainier is also capable of producing pyroclastic flows and expelling lava.[48]

I keep warning about the dangers of a future eruption of Mount Rainier, and this is something that is so heavy on my heart that I even included an eruption of the volcano in my novel entitled The Beginning Of The End.  If you live in the Seattle/Tacoma area, you need to have a plan for a very rapid evacuation in the event a major eruption suddenly takes place.

On the other side of the world, scientists are warning that a supervolcano near Naples, Italy is reaching a critical stage.  The following comes from Newsweek

One of the world’s most dangerous supervolcanoes appears to be closer to erupting than we once thought, scientists have warned. Campi Flegrei in southern Italy has been showing signs of reawakening over the past 67 years, and new research indicates the volcano has been building energy throughout this period, increasing the risk that it will erupt.

Campi Flegrei is a huge volcanic field that sits about 9 miles to the west of Naples, a city home to over a million people. It is made up of 24 craters and edifices, and appears as a large depression on the surface of the land.

The volcano last erupted in 1538 after almost a century of pressure building up. But though it lasted over a week, this was a comparably small one—40,000 years ago, it produced a “super-colossal” eruption. This is the second highest measure on the volcanic explosivity index, the first being “mega-colossal,” like those seen at the Yellowstone supervolcano in the U.S. thousands of years ago.

For years I have been documenting how the crust of our planet is becoming increasingly unstable, and at some point a major seismic event is going to dramatically change life in America overnight.

Let us hope that day is delayed for as long as possible, but as certainly as you are reading this article it is coming.

Will You Turn Away Family, Friends And Neighbors At Your Door When America’s Day Of Disaster Arrives?

How will you handle all of the people that will show up at your door when a major crisis strikes because they haven’t been making any preparations of their own?  Earlier today somebody asked me about this on Facebook, and I thought that it was a very good question, because thousands of my readers will be faced with this precise dilemma at some point.  When America’s day of disaster arrives, it is inevitable that most of us that are prepping will have family, friends and neighbors showing up at our door asking for help.  When that happens, what will you do?

There are some people out there that are very honest about the fact that they do not plan to share what they have stored up with anyone, and that even close family members will be greeted with a shotgun if they show up unannounced.

Personally, I could never do that.  My wife and I have always had the philosophy that we need to work extra hard to prepare because there will be people that need to depend on us when times get really hard.  And turning away those that are in desperate need would go against everything that we stand for.  After all, I am even writing a book that is all about the true meaning of love, and so it would be quite hypocritical of me to turn away those that I care about when they need me the most.

And even if I wanted to be cold-hearted, my wife would never let me get away with it.  She has such a soft heart that she literally can’t bear to even see a bug die.  We often have spiders invade our place, and when she sees one she gently captures it and sets it free outside.  I tell her that they will just breed and come back in even bigger numbers, but that doesn’t seem to matter to her.  So needless to say we are going to have to find a non-violent way to deal with our spider problem.

But I certainly understand the frustrations of those that have been trying to warn family and friends about what is coming for years and they never seem to listen.

And it is true that resources are limited.  For the vast majority of us, there is only so much money and energy that we can put into prepping, and so why should those that have refused to listen to the warnings and prepare in advance be able to benefit from all of our hard work?

Unfortunately, life is not always fair.  And we also need to realize that there is a tremendous amount of deception going on out there these days.  Some of the deceptions that are currently circulating are very strong, and it can be very easy to be sucked into them.  So we need to have compassion for those that have been led into confusion.

Look, there are literally thousands of watchmen all across this country that have never wavered from warning America about what is coming even for a moment.  That is because they are standing on the truth and not on wishful thinking that is the product of overactive imaginations.

The ingredients for the “perfect storm” that so many watchmen have been warning about for ages are starting to come together right before our eyes.  We are closer to World War III than we have been in decades, our politicians are openly admitting that our relations with Russia are at “an all-time low”, the federal government is 20 trillion dollars in debt, our nation is on the verge of being torn apart by strife and civil unrest, the financial markets are primed for a crash of epic proportions, there are mass die-offs of animals all over the globe, and natural disasters are happening with frightening regularity as the crust of our planet rattles and shakes.

But we are somehow supposed to believe that “everything is going to be wonderful” even though we continue to kill babies on an industrial scale, just about every form of sexual immorality that you can possibly imagine is exploding all around us, our “entertainment” industry is an open sewer, and we lead the world in both legal and illegal drug use.

I’ve got dozens more facts that I could quote regarding our moral decay, but I think that you get the point.

If we actually changed our behavior, I could understand why it would make sense for America to be blessed.

But we haven’t changed our behavior, and there are no signs that this is going to happen any time soon.

As humans, we have the freedom to choose, but those choices inevitably have consequences.

The same thing is true for our nation as a whole.  We have made a whole bunch of exceedingly bad choices, and those choices are going to result in some incredibly painful consequences.

So you can do whatever you want, but my wife and I are going to continue to get prepared.  America is headed for a date with disaster, and those that are suggesting otherwise are not being honest with you.

What Is The Government Preparing For?

UN Vehicle - Jeff SternYou may not be getting prepared for a major national disaster, but the government sure is.  I have been informed that in recent months numerous emergency food companies have been contacted by the government, and they have been told that their inventories could potentially be seized in the event of a significant emergency.  And as you will see below, the government recently participated in an exercise that simulated “an unprecedented global food crisis lasting as long as a decade”.  In addition, NPR has just revealed details about the very secretive Strategic National Stockpile program that is storing billions of dollars worth of medical supplies in warehouses around the nation.  This is a program that most Americans do not even know exists.  On top of everything else, strange reports of military vehicles with UN markings have been coming in from all over the nation.  So what in the world is the government up to?  Why are they working so feverishly hard to get prepared?

Let’s begin our discussion with the Strategic National Stockpile.  According to NPR, there are at least six of these warehouses at various locations around the country, and they are holding at least seven billion dollars worth of supplies…

Thousands of lives might someday depend on this stockpile, which holds all kinds of medical supplies that the officials would need in the wake of a terrorist attack with a chemical, biological or nuclear weapon.

The location of these warehouses is secret. How many there are is secret. (Although a former government official recently said at a public meeting that there are six.) And exactly what’s in them is secret.

“If everybody knows exactly what we have, then you know exactly what you can do to us that we can’t fix,” says Burel. “And we just don’t want that to happen.”

What he will reveal is how much the stockpile is worth: “We currently value the inventory at a little over $7 billion.

The NPR report indicates that most of the supplies are medical in nature, and this includes “millions of doses of vaccines“.

Could it be possible that the government is anticipating a major pandemic in our near future?

As I mentioned above, the government has also been preparing for a major food crisis.  The following comes from Vice

The US national security industry is planning for the impact of an unprecedented global food crisis lasting as long as a decade, according to reports by a government contractor.

The studies published by CNA Corporation in December 2015, unreported until now, describe a detailed simulation of a protracted global food crisis from 2020 to 2030.

The simulation, titled ‘Food Chain Reaction’, was a desktop gaming exercise involving the participation of 65 officials from the US, Europe, Africa, India, Brazil, and key multilateral and intergovernmental institutions.

So could we actually see such a major food crisis during the years ahead?

Well, according to Reuters global demand for food has already been surging, and one new report indicates that it won’t be too long before we could see “a doubling of food prices”…

Swelling populations and demand for food combined with ever scarcer water and land resources could lead to a doubling of food prices and trigger civil unrest in some developing countries, a new report says.

Demand for food with a higher environmental impact, such as meat, has surged as emerging countries like China and India grow in size and in wealth, said Martin Halle, policy analyst at Global Footprint Network (GFN).

“A few things are very clear: the demand for food is going up tremendously because of population growth,” he told the Thomson Reuters Foundation.

Of course it is the job of the government to prepare for various apocalyptic scenarios.  If government officials weren’t planning for how our nation would make it through a major disaster, they wouldn’t be doing their jobs.

But what are we to make of all of the strange sightings of UN vehicles all over America recently?

According to my friend Ray Gano, UN military vehicle activity has recently been reported “in Texas, Mississippi, Arizona, Florida and now in Virginia“.

In particular, a series of photos of white UN military vehicles traveling through Virginia that were posted on Facebook by Jeff Stern has popped up in news stories worldwide.

Is all of this activity unusual?  If so, should we be alarmed by it?  Brandon Turbeville apparently thinks so…

For the past day or so, military convoys have been witnessed traveling both North and South, with lines of equipment ranging from Humvees, troop transport trucks, and tankers to military personnel following the convoy in civilian vehicles. Interestingly enough, many of the soldiers traveling in the convoy were seen wearing helmets, an unusual procedure for a simple convoy. In addition, the convoys were carrying what appeared to be construction equipment.

Although the troop movement may indeed have been a routine convoy and the United Nations vehicles may also have been a routine shipment from a manufacturing facility or even a simple and benign transport, the controversy brewing in the United States elections and the potential for civil unrest, the dangers of economic collapse, and the potential conflict with Russia are all potentials for use of United Nations “peace keepers” inside the United States as many have posited in the past as well as for some type of “martial law” scenario.

The armored UN vehicles that were spotted being transported through Virginia are quite impressive.  Here is some info on them from the Daily Mail

The VX weighs in at 16,600lbs.

Seating for two plus eight crew.

Windows do not roll down, instead there are locked gun ports on the vehicle that can be opened to shoot bullets out or accept documents in and are even big enough to pass through a can of soda.

In addition, these heavily armored vehicles are designed to withstand a gas attack and to be impervious to small arms fire…

Internal fans can keep bad air out, such as in the event of a gas attack, or bring fresh air in when reversed.

PA system to speak to the outside world.

Remote-controlled spotlights on the roof and pairs of red and blue strobe lights are mounted to each four sides of the vehicle.

Every window on the vehicle is filled with ballistic glass that’ll shed small arms fire like they’re pebbles and even resist a close-range shot from a high-powered rifle.

Each vehicle has nine gun ports, and so when they are fully manned they can lay down a very impressive field of fire.

At the end of the day, I don’t know what all of this means.

Everything that I just detailed could just be part of normal government activity that is simply receiving some unusual attention right now.

Or of course it could also be possible that the government is getting prepared for something really big, but even if they were, they would not tell us in advance anyway.

Personally, I am convinced that this period of time leading up to the election will be highly chaotic in America, and so my eyebrows definitely perked up when I came across these various news stories.

But ultimately the significance of all of this will be determined by what happens during the weeks and months to come.  Without a doubt things have become much more serious in this nation lately, and I have a feeling that they are about to get a whole lot more serious…

Worst Jobs Report In Nearly 6 Years – 102 Million Working Age Americans Do Not Have Jobs

You Are Fired - Public DomainThis is exactly what we have been expecting to happen.  On Friday, the Bureau of Labor Statistics announced that the U.S. economy only added 38,000 jobs in May.  This was way below the 158,000 jobs that analysts were projecting, and it is also way below what is needed just to keep up with population growth.  In addition, the number of jobs created in April was revised down by 37,000 and the number of jobs created in March was revised down by 22,000.  This was the worst jobs report in almost six years, and the consensus on Wall Street is that it was an unmitigated disaster.

The funny thing is that the Obama administration says that the unemployment rate actually went down last month.  Almost every month since Obama has been in the White House, large numbers of Americans that have been unemployed for a very long time are shifted from the “unemployment” category to the “not in the labor force” category.  This has resulted in a steadily falling “unemployment rate” even though the percentage of the population that is actually working has not changed very much at all since the depths of the last recession.

The Bureau of Labor Statistics claims that the number of Americans “not in the labor force” increased by 664,000 from April to May.  If you believe that, I have a giant bridge on the west coast that I would like to sell you.  The labor force participation rate is now down to 62.6, and it is hovering just above a 38 year low.

When you add the number of working age Americans that are “officially unemployed” (7.4 million) to the number of working age Americans that are considered to be “not in the labor force” (an all-time record high of 94.7 million), you get a grand total of 102.1 million working age Americans that do not have a job right now.

This is not a game.

So far in 2016, three members of my own extended family have lost their jobs.

According to Challenger, Gray & Christmas, layoffs at major firms are running 24 percent higher up to this point in 2016 than they were during the same time period in 2015.

It was only a matter of time before those layoffs started showing up in the official employment numbers, and I fully expect that this trend will accelerate in the months ahead.

And here are some other brand new numbers for you to consider…

-Since Barack Obama entered the White House, 14,179,000 Americans have “left the labor force” according to the Bureau of Labor Statistics.

-The quality of our jobs continues to deteriorate.  In May, 59,000 full-time jobs were lost, but 118,000 part-time jobs were gained.

-Since September 2014, 207,000 mining jobs have been lost.

-We just learned that U.S. factory orders have declined once again.  This marks the 18th month in a row that this has taken place, and we have never seen such an extended decline outside of a major recession.

-JPMorgan’s “recession indicators” have just soared to the highest level that we have seen since the last recession.

Needless to say, the financial community is pretty horrified by all of this news.  They were expecting a much better jobs report, and many of them are not hiding their disappointment.  Here is one example from the Wall Street Journal

This was an unqualified dud of a jobs report,” said Curt Long, chief economist at the National Association of Federal Credit Unions, noting “the unemployment rate fell, but for the wrong reason as labor force participation declined for the second consecutive month.”

And here is another example that comes from David Donabedian, the chief investment officer at Atlantic Trust Wealth Management…

We can’t find a positive nugget in today’s job report. If we were looking for signs of strength in this report, there is nothing to hang onto here.”

But of course the mainstream media is doing their best to put a positive spin on these numbers.  For instance, CNN just published a laughable article entitled “America’s economy is stronger than weak jobs report“.

And the White House insists that this new employment report really isn’t that big of a deal

The White House doesn’t get “too disappointed” over the number of unemployed and underemployed Americans.

“I’ve been reacting to jobs numbers here at the White House for more than seven years, and what is true today has been true in the past, which is, we don’t get too excited when jobs numbers are better than expected and we don’t get too disappointed when jobs numbers one-month are lower than expected,” White House Press Secretary Josh Earnest told CNBC.

But of course the truth is that it is a really big deal.  We just received major confirmation that the U.S. economy has slipped into recession mode.

For months, I have been writing about how virtually every other indicator has been screaming that a new economic crisis had already begun.

But the employment numbers had remained fairly decent up until now.  Employment is typically considered to be a “lagging indicator”, which means that it isn’t one of the first places we would expect to see signs of a recession show up.  However, it is inevitable that the official unemployment numbers will reflect an economic downturn eventually, and that is what we are starting to see now.

What this means is that you probably have even less time to get prepared for what is ahead than you may have originally thought.

The U.S. economy has already entered the early chapters of the next great economic crisis, and most of the population is going to be caught totally off guard and will suffer tremendously.

If our leaders had made better decisions since the last crisis, things could have turned out differently.  But instead, they continued to conduct business as usual, and now we will reap what they have sown.

*About the author: Michael Snyder is the founder and publisher of The Economic Collapse Blog. Michael’s controversial new book about Bible prophecy entitled “The Rapture Verdict” is available in paperback and for the Kindle on Amazon.com.*