The Beginning Of The End
The Beginning Of The End By Michael T. Snyder - Kindle Version

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15 Reasons Why Your Food Bill Is Going To Start SOARING

U.S. Drought Monitor California February 11 2014Did you know that the U.S. state that produces the most vegetables is going through the worst drought it has ever experienced and that the size of the total U.S. cattle herd is now the smallest that it has been since 1951?  Just the other day, a CBS News article boldly declared that "food prices soar as incomes stand still", but the truth is that this is only just the beginning.  If the drought that has been devastating farmers and ranchers out west continues, we are going to see prices for meat, fruits and vegetables soar into the stratosphere.  Already, the federal government has declared portions of 11 states to be "disaster areas", and California farmers are going to leave half a million acres sitting idle this year because of the extremely dry conditions.  Sadly, experts are telling us that things are probably going to get worse before they get better (if they ever do).  As you will read about below, one expert recently told National Geographic that throughout history it has been quite common for that region of North America to experience severe droughts that last for decades.  In fact, one drought actually lasted for about 200 years.  So there is the possibility that the drought that has begun in the state of California may not end during your entire lifetime. (Read More....)

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It Doesn’t Take Much For People To Start Behaving Like Crazed Lunatics

Bread aisle of a Kroger in the Atlanta area - Posted on Twitter by Kris MuirIf an ice storm can cause this much panic in our major cities, what will a real crisis look like?  The biggest news story in the United States right now is the "historic ice storm" that is hammering the South.  Travel will be a nightmare, schools and businesses will be closed, and hundreds of thousands of people will lose power.  In fact, it is being projected that some people could be without power for up to a week.  But at the end of the day, the truth is that this ice storm is just an inconvenience.  Yes, the lives of millions of Americans will be disrupted for a few days, but soon the ice will melt and life will be back to normal.  Unfortunately, it doesn't take much for people to start behaving like crazed lunatics.  As you will see below, the winter weather is causing average Americans to ransack grocery stores, fight over food items and even pull guns on one another.  If this is how people will behave during a temporary weather emergency, how will they behave when we are facing a real disaster? (Read More....)

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10 Signs That Obamacare Is Going To Wreck The U.S. Economy

Obamacare LineIt is hard to find the words to adequately describe how much of a disaster Obamacare is turning out to be.  The debut of Healthcare.gov has been probably the worst launch of a major website in history, millions of Americans are having their current health insurance policies canceled, millions of others are seeing the size of their health insurance premiums absolutely explode, and this new law is going to result in massive numbers of jobs being lost.  It is almost as if Obamacare was specifically designed to wreck the U.S. economy.  Not that what we had before Obamacare was great.  In fact, I have long argued that the U.S. health care system is a complete and total train wreck.  But now Obamacare is making everything that was bad about our system much, much worse.  Americans are going to pay far more for health care, the quality of that care is going to go down, they are going to have to deal with far more medical red tape, and thousands upon thousands of U.S. employers are considering getting rid of the health plans that they offer to employees altogether due to Obamacare.  If the U.S. health care system was a separate nation, it would be the 6th largest economy on the entire planet, and now Obamacare is going to absolutely cripple it.  To say that Obamacare is an "economic catastrophe" would be a massive understatement. (Read More....)

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Janet Yellen: What A Horrifying Choice For Fed Chairman She Would Be

Janet YellenAre you ready for Janet Yellen?  Wall Street wants her, the mainstream media wants her and it appears that her confirmation would be a slam dunk.  She would be the first woman ever to chair the Federal Reserve, and her philosophy is that a little bit of inflation is actually good for an economy.  She was reportedly the architect for many of the unprecedented monetary decisions that Ben Bernanke made during his tenure, and that has many on Wall Street and in the media very excited.  Noting that we "already know that Yellen is on board with Bernanke's easy money policies", CNN recently even went so far as to publish a rabidly pro-Yellen article with this stunning headline: "Dear Mr. President: Name Yellen now!"  But after watching what a disaster Bernanke has been, do we really want more of the same?  It doesn't really matter whether she is a woman, a man, a giant lizard or a robot, the question is whether or not she is going to continue to take us down the path to ruin that Bernanke has taken us.  As I have written about so many times, the Federal Reserve is at the very heart of our economic problems, and under Bernanke the Fed has created a mammoth financial bubble unlike anything that we have ever seen before.  If Yellen keeps us going down that road, financial disaster is inevitable. (Read More....)

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15 Signs That Obama Has Already Made The Decision To Go To War With Syria

Obama Nobel Peace PrizeThe Obama administration seems absolutely determined to help radical Islamic jihadists that have beheaded Christians, that have massacred entire Christian villages, and that have pledged loyalty to al-Qaeda topple the Assad regime and take over Syria.  Yes, the Assad regime is horrible, but if these jihadist lunatics take control it will destabilize the entire region, make the prospect of a major regional war much more probable, and plunge the entire nation of Syria into a complete and utter nightmare.  It has been estimated that somewhere around 100,000 people have already been killed in the civil war in Syria, and now it looks like the U.S. military and the rest of NATO plan to become directly involved in the conflict.  The Obama administration is actually considering an attack on Syria even though the American people are overwhelmingly against it, Obama does not have Congressional approval to start a war, and he will never get approval for military action from the UN because it will be blocked by Russia.  This is setting up to become a colossal foreign policy disaster for the United States. (Read More....)

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The Rise Of The Bear: 18 Signs That Russia Is Rapidly Catching Up To The United States

RussiaThe Russian Bear is stronger and more powerful than it has ever been before.  Sadly, most Americans don't understand this.  They still think of Russia as an "ex-superpower" that was rendered almost irrelevant when the Cold War ended.  And yes, when the Cold War ended Russia was in rough shape.  I got the chance to go over there in the early nineties, and at the time Russia was an economic disaster zone.  Russian currency was so worthless that I joked that I could go exchange a 20 dollar bill and buy the Kremlin.  But since that time Russia has roared back to life.  Once Vladimir Putin became president, the Russian economy started to grow very rapidly.  Today, Russia is an economic powerhouse that is blessed with an abundance of natural resources.  Their debt to GDP ratio is extremely small, they actually run a trade surplus every year, and they have the second most powerful military on the entire planet.  Anyone that underestimates Russia at this point is making a huge mistake.  The Russian Bear is back, and today it is a more formidable adversary than it ever was at any point during the Cold War. (Read More....)

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It Is Happening Again: 18 Similarities Between The Last Financial Crisis And Today

It Is HappeningIf our leaders could have recognized the signs ahead of time, do you think that they could have prevented the financial crisis of 2008?  That is a very timely question, because so many of the warning signs that we saw just before and during the last financial crisis are popping up again.  Many of the things that are happening right now in the stock market, the bond market, the real estate market and in the overall economic data are eerily similar to what we witnessed back in 2008 and 2009.  It is almost as if we are being forced to watch some kind of a perverse replay of previous events, only this time our economy and our financial system are much weaker than they were the last time around.  So will we be able to handle a financial crash as bad as we experienced back in 2008?  What if it is even worse this time?  Considering the fact that we have been through this kind of thing before, you would think that our leaders would be feverishly trying to keep it from happening again and the American people would be rapidly preparing to weather the coming storm.  Sadly, none of that is happening.  It is almost as if they cannot even see the disaster that is staring them right in the face.  But without a doubt, disaster is coming. The following are 18 similarities between the last financial crisis and today... (Read More....)

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A Nightmare Scenario

NightmareMost people have no idea that the U.S. financial system is on the brink of utter disaster.  If interest rates continue to rise rapidly, the U.S. economy is going to be facing an economic crisis far greater than the one that erupted back in 2008.  At this point, the economic paradigm that the Federal Reserve has constructed only works if interest rates remain super low.  If they rise, everything falls apart.  Much higher interest rates would mean crippling interest payments on the national debt, much higher borrowing costs for state and local governments, trillions of dollars of losses for bond investors, another devastating real estate crash and the possibility of a multi-trillion dollar derivatives meltdown.  Everything depends on interest rates staying low.  Unfortunately for the Fed, it only has a certain amount of control over long-term interest rates, and that control appears to be slipping.  The yield on 10 year U.S. Treasuries has soared in recent weeks.  So have mortgage rates.  Fortunately, rates have leveled off for the moment, but if they resume their upward march we could be dealing with a nightmare scenario very, very quickly. (Read More....)

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