“As Many As A Million Calves Lost In Nebraska” – Beef Prices In The U.S. To Escalate Dramatically In The Coming Months

According to Agriculture Secretary Sunny Purdue, there “may be as many as a million calves lost in Nebraska” due to the catastrophic flooding that has hit the state.  This is not a rumor, this is not an exaggeration, and this is not based on any sort of speculation.  This number comes to us directly from the top agriculture official in the entire country, and it means that the economic toll from the recent floods is far greater than most of us had anticipated.  You can watch Purdue make this quote on Fox Business right here, and it is important to remember that this number is just for one state.  It is hard to imagine what the final numbers will look like when the livestock losses for all of the states affected by the flooding are tallied up.  This is already the worst agricultural disaster in modern American history, and the National Weather Service is telling us that there will be more catastrophic flooding throughout the middle portion of the nation for the next two months.

Nebraska Governor Pete Ricketts says that this is the worst flooding that his state has ever experienced.  Ricketts originally told us that 65 out of the 93 counties in his state have declared a state of emergency, but that number has now risen to 74.  Hundreds of millions of dollars of damage has been done in his state alone, and that is just an initial estimate.

It deeply offends me that the big mainstream news channels have spent so little time covering this disaster.  This is the biggest news story of 2019 so far by a very wide margin, but because it happened in the middle of the country they are not giving it the attention that it deserves.

In the short-term, food prices will not rise too dramatically because the stores are selling the food that has already been produced.  But as the months roll along, you will start to notice food prices steadily increase.  Millions of bushels of wheat, corn and soybeans have been destroyed by the flooding so far, and thousands of farmers will not be able to plant crops at all this year.  And the livestock losses that we have already experienced will be felt for many years to come.

Beef will never be lower in price than it is right now.  So if you are a beef lover, you may want to stock up.

When the flooding initially came, it happened so fast that many farmers were powerless to do anything about it.  In Sherman County, farmer Richard Panowicz says that ice and debris were “exploding from the river”

“Within 15 minutes it was devastation,” Panowicz said, with water, ice and debris exploding from the river with nothing to stop it.

He described some ice chunks as 3 feet thick and the size of an extended-cab pickup.

Panowicz said a lot of the dead calves he’s picked up have had broken legs. Many of the carcasses were found by neighbors.

In other cases, farmers were faced with a heartbreaking choice between saving their animals or saving their neighbors.  One farmer that rushed to help his neighbors ended up losing 30 calves to the floodwaters

Before Mahon could think about his animals, he needed to help his neighbors. As the water rose, he rescued one with his tractor, the floodwater lifting it up and spinning him 180 degrees. He helped save three more people — including an 85-year-old woman and a 9-month-old baby — with a boat, he said.

Then he could start counting his losses. He estimated the flood carried away 30 calves and almost as many cows, nearly $50,000 out of his pocket. It might be more.

Can you imagine the grief that these farming families are enduring right now?

Many of them are financially ruined and will never be able to go back to farming again.

Dave Eaton’s family has been farming the same plot of land for 152 years.  But now the Missouri River has swallowed his farm, and with much more flooding still to come, he anticipates that his farm with be underwater “all year”

The farm has been in his family 152 years. He was born there. He’s been thinking about what he’s learned about the Missouri’s upstream reservoirs and the mountain snowpack, and what it means for his land.

“It’s not like I’m new to the area,” he said. “My gut feeling is we’re going to be under water all year.”

And he is definitely not the only one that has had his year ruined.

Panowicz says that the hay and silage that were meant to feed his cattle this season were soaked “in 3 to 4 feet of water”

The hay and silage to feed his cattle are soaked after sitting in 3 to 4 feet of water.

Sand now covers much of the pastureland he uses to graze his herd of commercial Angus cows and purebred Charolais bulls.

And 40 of his recently born calves died in the flood.

So what is he supposed to do?

Some Nebraska ranchers will bravely try to rebuild, but for Panowicz it appears that the end has come

“I’ll probably sell the (remaining) cows and calves and get out of the cattle business,” said Panowicz, 65. “I’ve been around cows since the early 1970s.”

I could go on and on, but I think that you definitely get the point.

America’s farmers have been utterly devastated.  America’s cattle producers have been utterly devastated.  Food production is going to be way, way below expectations, and food prices are going to escalate dramatically in the coming months.  This is the kind of scenario that I have been warning about, and this crisis is going to continue to get worse as all the snow from one of the snowiest winters on record melts.  In Minnesota, there are still more than 20 inches of snow on the ground in some places, and all of that water has to go somewhere.

This is the biggest national crisis that has hit the United States in many years, but the mainstream media and millions of Americans that do not live in the affected areas still do not seem to get it.

Of course once food prices start getting painfully high at our supermarkets everyone will start complaining, but there will not be any easy solutions.

About the author: Michael Snyder is a nationally-syndicated writer, media personality and political activist. He is the author of four books including Get Prepared Now, The Beginning Of The End and Living A Life That Really Matters. His articles are originally published on The Economic Collapse Blog, End Of The American Dream and The Most Important News. From there, his articles are republished on dozens of other prominent websites. If you would like to republish his articles, please feel free to do so. The more people that see this information the better, and we need to wake more people up while there is still time.

Government Warns Of Historic, Widespread Flooding “Through May” – Food Prices To Skyrocket As 1000s Of Farms Are Destroyed

We have never seen catastrophic flooding like this, and the NOAA is now telling us that there will be more major flooding for at least two more months.  On Thursday, the National Oceanic and Atmospheric Administration warned that “historic, widespread flooding” would “continue through May”.  More than 90 percent of the upper Midwest and Great Plains is currently covered by an average of 10.7 inches of snow, and all of that snow is starting to melt.  That means that we are going to transition from one of the worst winters in modern history to a flood season that has already taken an apocalyptic turn for farmers all across America.  At this moment, millions of acres of farmland are already underwater.  Thousands of farmers are not going to be able to plant crops this year, and thousands of other farmers that have been financially ruined by the floods will never return to farming again.  This is already the worst agricultural disaster in modern American history, and it is going to get a whole lot worse.

I posted an article about this crisis yesterday, and I am troubled by the fact that most Americans don’t seem to understand the gravity of what we are facing.

Millions of bushels of wheat, corn and soybeans have been destroyed by flood waters, hundreds of millions of dollars worth of livestock have been lost, and all of us will soon be feeling a lot more pain at the grocery store.

And this would be a complete and utter national nightmare even if the flooding was all over, but the NOAA just told us that we should expect more catastrophic flooding for the next two months

Our 2019 is out today: Historic, widespread flooding to continue through May. Find map, highlights video & more at https://bit.ly/2JqDsIG  @NWS

In fact, the NOAA is using the words “unprecedented flood season” to describe what is coming, and they are warning that “more than 200 million people” are at risk…

Forecasters warned the floods would likely to continue through May, and could worsen in the coming weeks.

“This is shaping up to be a potentially unprecedented flood season, with more than 200 million people at risk,” Ed Clark, director of the National Oceanic and Atmospheric Administration’s (NOAA) National Water Center in Tuscaloosa, Alabama, said on Thursday in the agency’s spring outlook.

Of all the natural disasters that we have seen in recent years, this is the biggest, and U.S. food production is going to be dramatically affected because many farmers will not be able to grow crops at all in 2019…

“The reality is this isn’t going to be over for a very long time,” Jorgenson said. “It took years after 2011 for people to come back. For me as a farmer, there are flooded acres here that to think that I’ll be able to plant a crop in 45 days is just virtually impossible.

And many farmers will never recover from this disaster at all.

According to one farmer in Iowa, somewhere around half of the farmers in his entire county will not be able to come back from this…

“I would say 50% of the farmers in our area will not recover from this,” Dustin Sheldon, a farmer in southwestern Iowa’s flood-devastated Fremont County near the swollen Missouri River, said this week.

I said it yesterday, and I will say it again.  This is the worst blow to U.S. agriculture that I have seen in my entire lifetime.

The amount of food that has just been lost is absolutely staggering.  Due to the trade war, farmers were storing more wheat, corn and soybeans than ever before, and now the floodwaters have destroyed much of what had been stored

As prices plummeted last year amid the ongoing trade fight, growers, faced with selling crops at a loss, stuffed a historic volume of grain into winding plastic tubes and steel bins. Some cash-strapped families piled crops inside their barns or outside on the ground.

Farmers say they are now finding storage bags torn and bins burst open, grain washed away or contaminated. Jeff Jorgenson, a farmer and regional director for the Iowa Soybean Association, said he has seen at least a dozen bins that burst after grains swelled when they became wet.

According to the U.S. Department of Agriculture, any wheat, corn or soybeans that are contaminated by flood waters must be destroyed.

I know that I shared the following quote yesterday, but in order to give you an idea of the scope of the losses we are looking at, I want to share it again

As of Dec. 1, producers in states with flooding – including South Dakota, Nebraska, Kansas, Minnesota, Iowa, Missouri, Wisconsin and Illinois – had 6.75 billion bushels of corn, soybeans and wheat stored on their farms – 38 percent of the total U.S. supplies available at that time, according to U.S. Department of Agriculture data.

And remember, the flooding is just getting started.

In just one county in Iowa, 1.8 million bushels of corn and soybeans have already been destroyed.  Nationwide, the losses are off the charts.

Needless to say, prices will be going way up at the grocery store, and they will keep going up for the rest of the year.

Sadly, even after the flood waters are gone the damage that has been done to our agricultural infrastructure will take years to repair

As the waters began to recede in parts of Nebraska, the damage to the rural roads, bridges and rail lines was just beginning to emerge. This infrastructure is critical for the U.S. agricultural sector to move products from farms to processing plants and shipping hubs.

The damage to roads means it will be harder for trucks to deliver seed to farmers for the coming planting season, but in some areas, the flooding on fields will render them all-but-impossible to use.

In Nebraska alone, hundreds of miles of rural roads have been completely washed out, and farmers such as Annette Bloom are having an extremely difficult time just getting to a main road

“We are having to travel three miles through pasture and cropland just to get out because our roads are gone,” she says. “And the corn fields are going to be devastating to get in and plant and get that going, because usually we’re planting within the next two weeks and it’s not going to happen.”

Many of America’s farmers will bravely keep going after this disaster, but for many others a financial breaking point has arrived.

Farm bankruptcies had already surged to the highest level since the last recession prior to all of this flooding, and now this crisis will end up driving many of them away from the profession for good.  The following comes from NBC News

Some farmers in Fremont County will probably not return to till their soil, many farmers here said.

“Lot of folks won’t be able to continue after this,” said Julius Schaaf, 66, who said 1,500 of his 4,000 acres were currently under water.

In the end, it is going to be a while before we know the full extent of the damage to America’s farms and our food supply, but all of the experts agree that it will be unprecedented.

Food prices are already high, but the truth is that this is as low as they are going to get.  Much less food will be produced in our heartland this year, and that will mean skyrocketing prices at our grocery stores.

And this is just one element of “the perfect storm” that is emerging.  Our society is starting to be shaken in many different ways, and 2019 is certainly shaping up to be a very “interesting” year.

About the author: Michael Snyder is a nationally-syndicated writer, media personality and political activist. He is the author of four books including Get Prepared Now, The Beginning Of The End and Living A Life That Really Matters. His articles are originally published on The Economic Collapse Blog, End Of The American Dream and The Most Important News. From there, his articles are republished on dozens of other prominent websites. If you would like to republish his articles, please feel free to do so. The more people that see this information the better, and we need to wake more people up while there is still time.

Total Planetary Collapse: The World’s Vertebrate Population Has Fallen By An Average Of 60 Percent Since 1970

The clock is ticking for humanity, and it is not just because our financial system is heading for the biggest implosion that any of us have ever seen.  The truth is that we are literally running out of everything.  We will not have enough oil to meet our energy needs long before we get to the end of this century.  The lack of fresh water is already a major crisis in many parts of the world.  Our air and our soil are more polluted than they have ever been before.  And at this point we can barely feed the entire planet, but global demand for food is expected to escalate dramatically in the years ahead.  If we continue doing things the way that we have been doing them, a future filled with famine, civil unrest, environmental chaos and war appears to be inevitable.  We are literally on the verge of total planetary collapse, but because this is happening in slow-motion most people don’t feel an urgency to do anything about it.

And to a certain extent, the damage has already been done.  This week, the WWF released a report which found that the vertebrate population of the world has fallen by an average of 60 percent since 1970.  the following comes from NBC News

The population of the planet’s vertebrates has dropped an average of 60 percent since 1970, according to a report by the WWF conservation organization.

The most striking decline in vertebrate population was in the tropics in South and Central America, with an 89 percent loss compared to 1970. Freshwater species have also significantly fallen — down 83 percent in that period.

You may be thinking that you are not a big fan of the WWF, and I certainly am not either.

But even if their numbers are off by half, we are still talking about a planetary disaster of unprecedented magnitude.

Vertebrates include all mammals, fish, birds, amphibians and reptiles.  Species after species is being wiped out, and enormous holes are forming in the global food chain.

I don’t know if I even have the words to describe what we are facing.  The chief executive of the WWF says that what we are experiencing is “death by a thousand cuts”

The animals that remain will fight against warming oceans choked with plastic, toppled rain forests may zero out fragile species, and refuges such as coral reefs may nearly die off.

That will transform life as humanity knows it, said Carter Roberts, the chief executive of the WWF in the United States, if societies do not reverse course to protect the food, water and shelter needed for survival.

“The numbers are astonishingly bad,” Roberts told The Washington Post. “It’s death by a thousand cuts.”

There are a couple of other numbers from the report that I wanted to highlight.

First of all, the report states that nearly 6 billion tons of fish and invertebrates have been taken out of our oceans since 1950.  Today, over 4 billion people get at least some of their protein from eating fish, and if we do not start doing a better job of taking care of our oceans we are going to be facing a horrific planetary famine very soon.

Secondly, the report also claims that 90 percent of all seabirds in the world now have plastic in their stomachs.

Back in 1960, that number was sitting at just 5 percent.

We are literally filling up our oceans with our plastic waste, and in the process we are destroying our future.  For much, much more on this, please see my recent article entitled “There Are Trillions Of Pieces Of Floating Plastic In Our Oceans, And If We Don’t Stop All Marine Life Will Eventually Be Dead”.

The time to act is now, but it is extremely difficult to get the entire world to act in unison on anything, and most of the “environmental solutions” that are being proposed today are complete rubbish.

But “doing nothing” is certainly not an option either.  Without our natural environment, modern societies would cease to exist, and this is a point that the report made very clearly

The report urged quick action to avoid irreversible change to the planet, including a shift to green energy and environmentally friendly food production.

“What is clear is that without a dramatic move beyond ‘business as usual’ the current severe decline of the natural systems that support modern societies will continue,” the report said.

And Tanya Steele was even more direct when she spoke with CNN

Tanya Steele, the WWF’s chief executive in Britain, put it more bluntly to CNN: “We are the first generation to know we are destroying our planet and the last one that can do anything about it.”

Years ago, I remember watching a DVD entitled “Collapse” by Michael Ruppert.  I know that many of you probably watched it as well, because at the time it was very popular.  In that video, Ruppert made some excellent points about our limited natural resources.  But things have gotten so much worse than when he originally put that DVD out, and if he was alive today he would be absolutely horrified at how rapidly things have fallen apart.

Infinite growth is not possible on a planet with limited natural resources, and at this point we are literally running out of everything.

Will we be the generation that will be remembered for turning things around, or will we be the generation that will be remembered for destroying the Earth?

I would certainly like for it to be the former, but I have a feeling that it will turn out to be the latter.

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.

MIT Computer Model Predicts Dramatic Drop In Quality Of Life Around 2020 And The “End Of Civilization” Around 2040

Is humanity approaching a major turning point?  A computer model that was originally developed in 1973 by a group of scientists at MIT is warning that things are about to dramatically change.  If the computer predictions are accurate, our standard of living will start to decline dramatically around the year 2020, and we will witness the “end of civilization” around the year 2040.  Of course this is not the first time ominous predictions such as this have been made about our future.  For years, experts have been warning that we are heading for severe shortages of water, food and oil as our limited natural resources begin to run out.  For years, experts have been warning that our economic model is not sustainable and that we are heading for a historic collapse.  For years, experts have been warning about the alarming increase in seismic activity all over the planet and about the proliferation of weapons of mass destruction.  Society is crumbling all around us, and the elements for a “perfect storm” are definitely coming together.

So maybe this computer model is on to something.

The name of the computer program is “World One”, and it was originally created by Jay Forrester

The prediction came from a programme nicknamed World One, which was developed by a team of MIT researchers and processed by Australia’s largest computer.

It was originally devised by computer pioneer Jay Forrester, after he was tasked by the Club of Rome to develop a model of global sustainability.

However, the shocking result of the computer calculations showed that the level of pollution and population would cause a global collapse by 2040.

The fact that the Club of Rome was behind Jay Forrester’s work is a major red flag, because David Rockefeller and other globalists founded the Club of Rome and it has always been used to further the globalist agenda.

Could it be possible that this computer model is a glimpse into the kind of future that the globalists believe is coming?

According to the model, life as we know it is about to change in a massive way

At this time the broadcasters addreses the audience: “At around 2020, the condition of the planet becomes highly critical.

“If we do nothing about it, the quality of life goes down to zero. Pollution becomes so seriously it will start to kill people, which in turn will cause the population to diminish, lower than it was in the 1900.

“At this stage, around 2040 to 2050, civilised life as we know it on this planet will cease to exist.”

The computer model appears to be primarily concerned with natural resources, pollution and population levels, but other factors should be considered as well.

In order to have “civilization”, people need to behave in a civilized manner, and we see more evidence that we are in an advanced state of social decay on a daily basis.

For example, one would think that priests would be some of the most well-behaved and “civilized” members of our society, but a new report about clergy child abuse in Pennsylvania is pulling back the curtain on incredible acts of darkness

Horrific details have emerged about predatory behavior by priests, including those who made young boys rinse their mouths with holy water to ‘purify’ them after they were forced to give oral sex and one young boy made to pose naked as Jesus while other priests took pornographic pictures and shared them with other clergymen.

A bombshell report by a grand jury in Pennsylvania has extensively detailed for the first time how 300 priests sexually abused more than 1,000 children and how church leaders, some of whom are still alive, covered it up.

Remember, these 300 priests are just from one state.  There are countless other incidents of abuse all over the country, and it is a crisis that appears to be escalating.

Earlier today, I came across a story about a 22-year-old man in Michigan that approached a group of young girls in a forceful manner, but fortunately they were able to fight him off

Four Michigan girls successfully fought off a man who allegedly intended to kidnap and have sex with one of them by punching him and flinging hot coffee in his face.

Bruce Hipkins, 22, of Tuscola County, Michigan, was charged with kidnapping, unlawful imprisonment, assault and battery and criminal sexual conduct charges following the incident which occurred Friday night.

The thin veneer of civilization that we all take for granted on a daily basis is wearing very thin, and it is all that really separates us from societal collapse, chaos and anarchy.

Ultimately, a computer model from 1973 is probably not going to be the best guide, but I do agree that enormous societal changes are heading our way very rapidly.  In fact, I wrote an entire novel about what America will start to look like as those societal changes begin to accelerate.  I am more convinced than ever that America is heading for a “perfect storm” that will bring us to our knees, but most Americans appear to have bought into the fiction that everything is going to be okay somehow even though it is exceedingly clear that virtually nothing about our society is sustainable over an extended period of time.  A day of reckoning is inevitably coming, and even a computer model from 1973 can see that.

For those of you that have stopped, it is time to start prepping again.  A major international debt crisis has started, war almost erupted in the Middle East last week, and civil unrest is starting to erupt in major cities all across America.

I believe that we are going to witness bigger changes over the next two years than we have over the last ten years combined.  The clock is ticking, and America’s date with destiny is fast approaching.

As always, let us hope for the best, but let us also get prepared for the worst.

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.

Nearly 51 Million Households In The United States ‘Can’t Afford Basics Like Rent And Food’

If the U.S. economy is performing well, then why can’t 51 million households in the United States “afford basics like rent and food”.  A stunning new report that was just put out by the United Way ALICE Project shows that the gap between the wealthy and the poor in this country is perhaps the biggest that it has been in any of our lifetimes.  In some of the wealthiest areas of the nation, homes are now selling for up to 100 million dollars, but meanwhile tens of millions of families are barely scraping by from month to month.  Many believe that this growing “inequality gap” is setting the stage for major societal problems.

In general, the U.S. economy seems to be performing better than expected so far in 2018, but the ranks of the poor and the working poor just continue to grow.  The following comes from CNN

Nearly 51 million households don’t earn enough to afford a monthly budget that includes housing, food, child care, health care, transportation and a cell phone, according to a study released Thursday by the United Way ALICE Project. That’s 43% of households in the United States.

The figure includes the 16.1 million households living in poverty, as well as the 34.7 million families that the United Way has dubbed ALICE — Asset Limited, Income Constrained, Employed. This group makes less than what’s needed “to survive in the modern economy.”

If 43 percent of all Americans cannot even afford “the basics”, what does that say about the true state of the U.S. economy?

Of course the biggest reason why so many American families are struggling is the lack of good jobs.

In America today, 66 percent of all jobs pay less than 20 dollars an hour.

66 percent.

Just let that sink in for a minute.

You cannot support a middle class family on 20 dollars an hour.  As a result, many Americans are working more than one job, and in many households both the mother and the father are working more than one job.

Housing costs account for the biggest item in most family budgets, and the fact that housing costs have just continued to soar is putting a huge amount of financial stress on hard working families.  Just today we learned that there is a tremendous rush to buy homes as mortgage rates rise rapidly

Today, according to the latest Freddie Mac mortgage rates report, after plateauing in recent weeks, mortgage rates reversed course and reached a new high last seen eight years ago as the 30-year fixed mortgage rate edged up to 4.61% matching the highest level since May 19, 2011.

But while the highest mortgage rates in 8 years are predictably crushing mortgage refinance activity, they appears to be having the opposite effect on home purchases, where there is a sheer scramble to buy, and sell, houses. As Bloomberg notes, citing brokerage Redfin, the average home across the US that sold last month went into contract after a median of 36 only days on the market – a record speed in data going back to 2010.

If you will remember, we witnessed a very similar pattern just before the subprime mortgage meltdown in 2008.

History is repeating itself, and we never seem to learn from our past mistakes.

Housing prices in some cities are absolutely obscene right now, and many working families find themselves completely priced out of the market.  That has some people asking one very simple question

Many San Francisco renters I met while reporting an article on affordable housing lotteries had responded to the region’s housing crisis by putting up with great discomfort: They crammed in with family; they split apartments with strangers. Some even lived out of their cars.

Why, lots of readers wanted to know, didn’t they simply move away instead?

Yes, some people are moving, and this is something that I plan to do an article about very soon.

But for most hard working families, moving across the country simply is not an option.  Moving out of state is very expensive, it can be very difficult to find a similar job in an entirely new area, and many families are very dependent on the social networks where they currently live…

People who struggle financially often have valuable social networks — family to help with child care, acquaintances who know of jobs. The prospect of dropping into, say, Oklahoma or Georgia would mean doing without the good income and the social support. Those intangible connections that keep people in places with bad economies also keep people in booming regions where the rent is too high.

In the end, moving is just not an option for a lot of people.

We need to structure our economic system so that it works for all Americans – not just a few.  Unfortunately, it is probably going to take another major crisis before people are ready for such a restructuring.

And such a crisis may not be that far away.  In fact, even Pope Francis is now warning about the dangers of derivatives

In a sweeping critique of global finance released by the Vatican on Thursday, the Holy See singled out derivatives including credit-default swaps for particular scorn. “A ticking time bomb,” the Vatican called them. The unusual rebuke — derivatives rarely reach the level of religious doctrine — is in keeping with Francis’s skeptical view of unbridled global capitalism.

“The market of CDS, in the wake of the economic crisis of 2007, was imposing enough to represent almost the equivalent of the GDP of the entire world. The spread of such a kind of contract without proper limits has encouraged the growth of a finance of chance, and of gambling on the failure of others, which is unacceptable from the ethical point of view,” the Vatican said in the document.

I have written about derivatives extensively in the past, and Pope Francis is 100 percent correct when he says that they are a ticking time bomb which could absolutely devastate the global financial system at any moment.

We don’t know exactly when it will happen, but we do know that such a crisis is coming at some point.

Sadly, most of the population is completely asleep, and they will be completely blindsided by the coming crisis when it does finally arrive.

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

The Global Famine Begins: UN Announces That The Worst Food Crisis Since World War II Is Happening Right Now

Horse Famine - Public DomainWe always knew that this would start happening.  Earlier this month, I wrote about the severe economic problems that are plaguing South America, but up to this point I have neglected to discuss the horrific famines that are breaking out all over Africa.  Right now there is a desperate need for food in South Sudan, Somalia, northeast Nigeria, Eritrea and Kenya.  And Yemen, even though it is not technically part of Africa, is being affected by many of the same factors that are crippling nations all over eastern Africa.  The United Nations says that more than 20 million people could die from starvation and disease if nothing is done.  When I write about economic collapse, this is the kind of thing that I am talking about, and we are starting to see alarming conditions spread across the globe.  Many believe that we could never possibly face this kind of food crisis in the western world, but unfortunately wishful thinking will only get you so far.

The United Nations was formed in 1945, and the UN has just announced that what we are facing this year is “the largest humanitarian crisis since the creation of the UN”.  The following comes from a CNN article entitled “20 million at risk of starvation in world’s largest crisis since 1945, UN says“…

“We stand at a critical point in history. Already at the beginning of the year we are facing the largest humanitarian crisis since the creation of the UN,” UN humanitarian chief Stephen O’Brien said Friday.

Now, more than 20 million people across four countries face starvation and famine. Without collective and coordinated global efforts, people will simply starve to death. Many more will suffer and die from disease.”

It would be hard to overstate the level of human suffering that we are witnessing in many parts of Africa at this moment.  In Somalia, the UN estimates that more than 6 million people are in desperate need of food aid

As Somalia inches closer to a calamitous famine, the prospect of utter devastation and colossal loss of human life is once again becoming an imminent reality. The humanitarian situation in Somalia is deteriorating by the day with up to 6.2 million people in need of urgent aid. People across Somalia have been forced to walk hundreds of miles in search of food, water and shelter- with women and children disproportionately affected. Over 300,000 children under the age of five are severely malnourished, with over 200,000 more children at risk of acute malnutrition.

In South Sudan, close to half the population is in dire need of assistance, and things have gotten so bad there that people will literally eat grass if they can find it

Across South Sudan more than one million children are believed to be acutely malnourished and UNICEF have said that if urgent aid does not reach them, many of them will die. “There is no food, we eat anything we can find,” one South Sudanese mother told ITV. “We will find grass, we will eat it. That’s just the way it us for us now.”

Over in Yemen, there are about seven million people in need of food help, and authorities are warning that if nothing is done “millions of children” could starve to death

“The numbers affected are absolutely extraordinary,” said Mark Kaye, Save the Children’s Yemen spokesperson.

“We keep on talking about a country that’s on the brink of famine, but for me these numbers highlight that we’re at the point of no return. If things are not done now we are going to be looking back on this and millions of children will have starved to death, and we’ll all have been aware of this for some time. That will shame us as an international community for years to come.

Eritrea was not specifically included in the recent UN alert, but it should have been.  Much of the country has been hit by a crippling drought, and approximately half of all children in Eritrea are stunted

But we cannot understand why Eritrea is not included in the appeal. Unicef has confirmed what we know from our friends and families inside the country. In a report in January, the agency said that the El Niño drought has hit half of all Eritrea’s regions. Acute malnutrition is widespread. As Unicef put it: “Malnutrition rates already exceeded emergency levels, with 22,700 children under five projected to suffer from severe acute malnutrition in 2017 … Half of all children in Eritrea are stunted, and as a result, these children are even more vulnerable to malnutrition and disease outbreaks.

We have been warned that there would be famines in diverse places in these times.  But here in the western world we tend to be lulled into a false sense of security by our comfortable lives, not realizing that the massively inflated standard of living that we have been enjoying has been fueled by the largest mountain of debt in the history of the planet.

In Kenya, a national emergency has been declared due to drought and famine.  For those of you that are parents, what would you do if your children were crying out for food but you didn’t have anything to give them?  The following story from Kenya is beyond heartbreaking…

Emmanuel Ayapar is three years old and can no longer walk. The flesh on his legs, which dangle from his mother’s hip as she carries him around, is wasting away.

He seems listless and sad, tongue flicking repeatedly in and out of his mouth.

‘We do not have enough food,’ said Veronica, his 28-year-old mother. ‘We eat only once a day.’

The little boy is suffering from severe malnutrition and is at risk of starving to death. He weighs just 15lb – half the typical weight for a boy of his age.

I don’t even know what to say after that.

In the western world we can be so incredibly self-absorbed that we don’t even realize that children are literally starving to death on the other side of the planet.

Hopefully those of us that live in “wealthy” western countries will step up to the plate and aid those in need, and hopefully this crisis will also help us to understand that we need to prepare for the day when things get difficult in our own nations too.

This Region Of The World Is Being Hit By The Worst Economic Collapse It Has Ever Experienced

South America On The Globe - Public DomainThe ninth largest economy in the entire world is currently experiencing “its longest and deepest recession in recorded history”, and in a country right next door people are being encouraged to label their trash so that the thousands upon thousands of desperately hungry people that are digging through trash bins on the streets can find discarded food more easily.  Of course the two nations that I am talking about are Brazil and Venezuela.  The Brazilian economy was once the seventh largest on the globe, but after shrinking for eight consecutive quarters it has now fallen to ninth place.  And in Venezuela the economic collapse has gotten so bad that more than 70 percent of the population lost weight last year due to a severe lack of food.  Most of us living in the northern hemisphere don’t think that anything like this could happen to us any time soon, but the truth is that trouble signs are already starting to erupt all around us.  It is just a matter of time before the things currently happening in Brazil and Venezuela start happening here, but unfortunately most people are not heeding the warnings.

Just a few years ago, the Brazilian economy was absolutely roaring and it was being hailed as a model for the rest of the world to follow.  But now Brazil’s GDP has been imploding for two years in a row, and this downturn is being described as “the worst recession in recorded history” for that South American nation…

Latin America’s largest economy Brazil has contracted by 3.6 percent in 2016, shrinking for the second year in a row; statistics agency IBGE said on Tuesday. It confirmed the country is facing its longest and deepest recession in recorded history.

Data shows gross domestic product (GDP) fell for the eighth straight quarter in the three months to December, down 0.9 percent from the previous quarter. The figure was worse than the 0.5 percent decline economists had forecast and left the country’s overall GDP down 3.6 percent for the full year following a 3.8 percent drop in 2015.

“In real terms, GDP is now nine percent below its pre-recession peak,” Neil Shearing, chief emerging markets economist at Capital Economics, told the Financial Times.

“This is comfortably the worst recession in recorded history,” he added.

It had been hoped that things in Brazil would be getting better by now, but instead they just keep getting worse.

The number of bankruptcy filings has soared to an all-time record high, and the official unemployment rate has more than doubled since the end of 2013.  The following comes from Wolf Richter

In a stunning deterioration, the unemployment rate in Brazil spiked to 12.6% in the rolling three-month period through January, a record in the new data series going back to 2012, according to Brazil’s statistical agency IBGE. Up from 11.8% in the three-month period through October. Up from an already terribly high 9.5% a year ago. And more than double the 6.2% in December 2013.

Meanwhile, hordes of hungry people are rummaging through garbage cans in Venezuela in order to find something to fill their aching stomachs.

Things have gotten so bad that one of President Maduro’s chief opponents has urged citizens to label which trash bags have food in them so that people that are searching through the garbage can find food scraps more easily

Controversial Priest and opponent to President Nicolás Maduro’s administration Father Jose Palmar posted on social media this week about labeling discarded waste so those looking through it for food can do so more easily and “with dignity.”

Palmar called on Venezuelans to celebrate Lent by identifying bags where food has been discarded for those with no where else to turn. That way, they don’t have to dig through non-edible items to find it.

And previously I have written about how people are so hungry in Venezuela that some of them are actually slaughtering and eating cats, dogs, pigeons and zoo animals.

I keep telling people that this is coming to America, but a lot of people out there don’t want to believe me.

But it is most certainly coming.

Thanks to chronically empty store shelves and severe food shortages, people in Venezuela are losing weight at an astounding pace.  In the United States it would be a good thing if much of the population lost this much weight, but in Venezuela it definitely is not

Three quarters of the country’s population lost an average of over 18 pounds over food shortages in 2016, according to a survey by Venezuelan universities and nonprofit groups. Last year, over 80 percent of foodstuffs disappeared from shelves and many had to get by with one meal a day, Foreign Policy reported.

Venezuela was once South America’s most powerful petrostate. But decades of government mismanagement sent the country into decline. Maduro’s predecessor Hugo Chavez choked the economy with heavy-handed regulations, price controls, and a campaign to nationalize major industries that chased out foreign investments.

Further north, very alarming signs are starting to pop up in Mexico.

It probably won’t happen next week or next month, but there are indications of emerging “liquidity problems” which could precipitate a major debt crisis at some point…

In Mexico foreign investors hold around $100 billion of the country’s local-currency government debt, the most for any emerging market economy. That’s almost 20 times what it was 20 years ago. They also hold billions of euros worth of corporate bonds, which are also showing signs of strain, prompting some Mexican business leaders to call for “new programs” to be implemented before the situation causes “a large-scale crisis” among Mexican companies.

The most ominous sign yet came last week when Bloomberg reported sources saying that the Bank of Mexico (or Banxico, as it is referred to) had sought a swap line from the Federal Reserve in case of “liquidity problems,” which immediately triggered furious denials from Banxico. “I can say clearly and unequivocally that we are not in the process of asking for any credit line from any authority,” said the central bank’s governor, Agustin Carstens, who has postponed by six months his departure from the bank, initially scheduled for May.

One of the biggest problems for nations such as Brazil, Venezuela and Mexico is the strength of the U.S. dollar.  During the good times they went into tremendous amounts of debt, and much of that debt was denominated in U.S. dollars.  So when the U.S. dollar becomes stronger, it takes more of their own local currencies to pay that debt back.

And if the Federal Reserve raises interest rates at their next meeting, that will strengthen the U.S. dollar even more and put even more pressure on emerging market economies.

Unfortunately, it appears that this is precisely what the Fed is going to do

Even one small interest rate increase by the Fedcould have a sweeping impact on U.S. and world economies, Komal Sri-Kumar told CNBC on Monday.

“I think they are going to hike” on March 15, Sri-Kumar said on “Squawk Box,” echoing a theory shared by many analysts. “But that is going to prompt capital outflows from the euro zone, especially with the political risk. It is going to increase the capital outflow from China, and the U.S. economy will feel the impact.”

The global economy is more interconnected than ever before, and pain that starts in one region can rapidly spread to others.

The biggest debt bubble that the world has ever seen is starting to burst, and over the coming years we are going to see financial pain on a scale that would be unimaginable to most of us at this moment.

But even now there are those that would suggest that this colossal debt bubble can continue growing much faster than global GDP indefinitely, and this sort of exceedingly reckless optimism is leading many astray.

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