Have you noticed that our planet has begun to shake, rattle and roll? Over the past few days we have seen major volcanic eruptions in Costa Rica and Indonesia, and according to Volcano Discovery 40 volcanoes around the planet are erupting right now as you read this article. Meanwhile, earthquakes continue to shake the globe with alarming regularity. Just last week, Ecuador was hit by a magnitude 6.7 earthquake and a magnitude 6.8 earthquake in rapid succession. Overall, there have been more than 3,000 earthquakes of magnitude 1.5 or greater within the past month globally. So yes, I write constantly about the rapidly accelerating deterioration of our financial system, but the coming “collapse” is not just about money. I am convinced that we are entering a “perfect storm” in which a confluence of factors will absolutely cripple society and bring about changes that most of us would not even dare to imagine right now.
Let’s talk about the volcanic eruptions that we have seen in recent days. The eruption down in Costa Rica took authorities completely by surprise, and a thick layer of dust and ash is coating vehicles and buildings 30 miles away in the capital city of San Jose…
A volcano has erupted in central Costa Rica, belching smoke and ash up to 3,000m (9,840ft) into the air.
Hundreds of people have gone to hospital, complaining of breathing difficulties and skin problems.
Some schools were shut and some flights into the country cancelled or diverted.
People in the capital San Jose, about 45km (30 miles) west of the Turrialba volcano, said layers of ash had coated buildings and cars and there was a fierce smell of sulphur.
Leading up to this eruption, there were “swarms of small earthquakes” in the vicinity of the volcano, but scientists assured the public that these earthquake swarms were “not signs of an imminent eruption.”
Keep that in mind, because later in the article I am going to show you something.
But first let us talk about the other major eruption that is happening right now. Down in Indonesia, Mount Sinabung has violently erupted, and this is causing all sorts of chaos…
The death toll from a volcanic eruption in western Indonesia has climbed to six, an official said Sunday, with fears more could have been trapped by the hot ash.
Three people also remain in a critical condition after Mount Sinabung, a highly-active volcano on Sumatra island, unleashed a series of fresh eruptions on Saturday afternoon, disaster agency spokesman Sutopo Purwo Nugroho said.
“Nine people were struck by the hot clouds. Six died, and three others remain critical with burns,” he said, adding the injured had been taken to hospital.
According to one report, “torrents of lava” are pouring out of the volcano, and this is just one example of how volcanoes that were once considered to be “inactive” are coming to life all over the world. In fact, prior to 2010 Mount Sinabung had been dormant for about 400 years.
Meanwhile, there is “unprecedented” activity at Iceland’s very dangerous Baroabunga volcano. This one is not erupting quite yet, but we definitely want to keep an eye on it, because a major eruption there would have serious implications for Europe.
To finish this article, I would like to provide an update to a piece that I posted last week on End of the American Dream. Just prior to the eruption of the Turrialba volcano in Costa Rica, there were significant earthquake swarms in the vicinity of the volcano. Well, the exact same thing is happening at three major volcanoes in the United States right now.
I would like to share three images with you that come from Google Earth via the Pacific Northwest Seismic Network. This first image shows the earthquake activity that has taken place in the area around Mt. St. Helens in recent days. Over the past month there have been 95 earthquakes in the region, and most of them have been centered right along the core of the volcano…
This next image shows what has been happening at Mt. Rainier. Those that follow my work closely already know that I consider it to be the most dangerous mountain in America and that I believe that a major eruption of the volcano is coming in the not too distant future. There have been 36 earthquakes at Mt. Rainier over the past month, and once again most of them have occurred right along the core of the volcano…
Mt. Hood is also a very dangerous volcano. There have been 126 earthquakes in the vicinity of Mt. Hood in recent days, and in this image you can see that the earthquakes have been centered very tightly on a spot on the south face of the mountain. This is alarming because it was also the south side of Mt. St. Helens that violently erupted back in 1980…
When there are major volcanic eruptions or major earthquakes in other parts of the globe, many Americans don’t seem to care too much because they don’t think that this rise in global seismic activity is any sort of a threat to them personally.
But the truth is that the entire west coast of the United States lies along the Ring of Fire, and virtually every other section of the Ring of Fire is roaring to life these days.
At some point, there will be historic earthquakes on the west coast.
At some point, there will be historic volcanic eruptions on the west coast.
Scientists assure us that these things are inevitable.
So let us certainly hope for the best, but putting our heads in the sand and pretending that these dangers do not exist is not going to help matters one bit.
Get prepared while you still can, because at some point time will run out.
*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.*
Have you noticed that seismic activity along the Ring of Fire appears to be dramatically increasing? According to Volcano Discovery, 39 volcanoes around the world have recently erupted, and 32 of them are associated with the Ring of Fire. This includes Mt. Popocatepetl which sits only about 50 miles away from Mexico City’s 18 million inhabitants. If you are not familiar with the Ring of Fire, it is an area roughly shaped like a horseshoe that runs along the outer perimeter of the Pacific Ocean. Approximately 90 percent of all earthquakes and approximately 75 percent of all volcanic eruptions occur along the Ring of Fire. Just within the last 24 hours, we have witnessed a 4.4, a 5.4 and a 5.7 earthquake in Alaska, a 6.8 earthquake in Chile and 20 earthquakes in Indonesia of at least magnitude 4.3. And as you will see below, this violent shaking along the Ring of Fire seems to continue a progression of major disasters that began back during the month of September.
For whatever reason, our planet suddenly seems to be waking up. Unfortunately, the west coast of the United States is one of the areas where this is being felt the most. The little city of San Ramon, California is about 45 miles east of San Francisco, and over the past several weeks it has experienced a record-breaking 583 earthquakes…
A total of 583 small earthquakes have shaken San Ramon, California, in the last three weeks or so – more than five times the record set 12 years ago, according to the latest US Geological Survey updates.
“It’s the swarm with the largest number of total earthquakes in San Ramon,” said USGS scientist David Schwartz, who is more concerned about the size of quakes than he is the total number of them. Still, the number tops the previous record set in 2003, when 120 earthquakes hit over 31 days, with the largest clocking in at a magnitude of 4.2.
Could this be a prelude to a major seismic event in California?
We shall see what happens.
Meanwhile, records are being shattered in the middle part of the country as well.
For instance, the state of Oklahoma has already set a brand new yearly record for earthquakes…
The state recorded its 587th earthquake of 3.0 magnitude or higher early this week, breaking the previous record of 585. That record was set for all of 2014, meaning that Oklahoma has now had more 3.0 magnitude or higher earthquakes so far in 2015 than it did in all of 2014. So far this year, E&E News reports, Oklahoma’s averaged 2.5 quakes each day, a rate that, if it continues, means the state could see more than 912 earthquakes by the end of this year.
Oklahoma has also experienced 21 4.0 magnitude or greater earthquakes so far this year — an increase over last year, which saw 14.
And just over this past weekend there was a very disturbing series of earthquakes in the state…
Starting with a magnitude-4.1 temblor at 5:11 a.m. close to the Oklahoma-Kansas border, the region experienced a series of six earthquakes within a 75-minute period Saturday morning, the U.S. Geological Survey reported on its website.
The largest earthquake Saturday morning was the 4.1, which had an epicenter nine miles northwest of Medford, Okla., 59 miles southwest of Wichita.
That was followed by five more quakes near Medford with magnitudes of 2.5, 2.8, 2.5, 3.1 and 2.9 – the last of which came at 6:24 a.m.
A seventh earthquake – this one a magnitude-4.2 temblor – was recorded at 12:29 p.m., 10 miles north-northwest of Medford.
So why aren’t more Americans alarmed that these records are being broken?
We are seeing things that we have never seen before, and I believe that it will soon get even worse.
And this dramatic increase in seismic activity that we are now seeing appears to fit into a larger pattern of major disasters that we have been witnessing over the past couple of months.
As we approached the end of the summer, all of a sudden massive wildfires erupted all across the western third of the country. According to the National Interagency Fire Center, the only time in U.S. history when wildfires had burned more acres by the end of October was during the record-setting year of 2006.
In 2015, a lot of these wildfires have really been threatening highly populated areas. I know, because at one point a major fire came within about 10 miles of my own house. Since the beginning of August, Barack Obama has made an astounding 25 disaster declarations related to fires, and by the end of September the horrible fires that were threatening key areas of the state of California were making headlines all over the world.
Then as we got to the very end of the month of September, a new kind of disaster began to take center stage. As I wrote about just recently, the storm that would later became known as Hurricane Joaquin developed into a tropical depression on September 28th.
Even though that hurricane never made landfall in the United States, moisture from that storm caused a tremendous amount of chaos along the east coast.
The governor of South Carolina, Nikki Haley, said that it was the most rain that some areas of her state had witnessed “in a thousand years”, and it is being projected that the economic damage that was done by all of the flooding “will probably be in the billions of dollars”.
Shortly after the flooding in South Carolina, a massive storm dumped an enormous amount of rain on southern California. Because that area had been experiencing severe drought for so long, all of that rain caused tremendous flooding and massive mudslides. Rivers of mud literally several feet thick completely stopped traffic along many major roads across the region. If you got caught in those rivers of mud, you were lucky to get out with your life. In fact, authorities pulled one dead man out of a vehicle that got completely buried by mud several days after the storms had passed. It took them that long to finally get to him.
The middle of the country was not spared either. Hurricane Patricia ended up being one of the strongest hurricanes ever measured, and the remnants of that storm dumped an incredible amount of rain on the state of Texas. There was so much flooding that a train was literally knocked off the tracks by the water. And about a week after that there was more flooding in the state that caused at least six deaths.
Overall, it has really been a bad couple of months for major disasters, and this sequence of events seems to have begun during the month of September.
So what should we make of all this? Please feel free to add your voice to the discussion by posting a comment below…
The number of volcanoes that are erupting continues to rise, and scientists cannot seem to explain why this is happening. In 2013, we witnessed the most volcanic eruptions worldwide that we have ever seen in a single year, and this increased activity has carried over into 2014. In recent months, we have seen major volcanoes roar to life in Russia, Peru, Hawaii, Reunion Island, Indonesia, and all over Alaska. It is highly unusual for so many volcanoes to all be erupting at the same time. According to Volcano Discovery, a whopping 34 volcanoes are erupting around the globe right now. This is sending a massive amount of dust and ash into the upper atmosphere, and it may explain why many parts of the planet are experiencing strangely cold weather at the moment. If this trend continues, we could potentially be facing years of crop failures and widespread famines all over the world.
And what we have witnessed already may just be the beginning. There are several more very large volcanoes around the globe that scientists are extremely concerned about right now.
For example, just check out what is going on in the Philippines…
Mayon Volcano in the province of Albay was placed on “Alert Level 3” on Monday evening, September 15, after showing signs of “relatively high unrest,” the Philippine Institute of Volcanology and Seismology (PHIVOLCS) said.
In a bulletin issued at 10:00 pm, PHIVOLCS observed 39 rockfall events from 5:00 am to 8:00 pm on September 15, symptoms of the build-up of magma at the summit dome. At least 32 low frequency volcanic earthquakes were also recorded, indicating magma intrusion or volcanic gas activity.
PHIVOLCS-DOST raised the alert status of Mayon Volcano from Alert Level 2 to Alert Level 3 which is equivalent to a “Critical Alert” in the agency’s 5-level alert system. This means that the volcano is exhibiting relatively high unrest, magma is at the crater, and that an eruption is possible within weeks.
But of even greater concern is Bardarbunga. It is the largest volcano system in Iceland, and a major eruption could potentially be absolutely catastrophic…
This time the threat of an eruption – potentially even more powerful than the one in 2010 – is posed by Bardarbunga, the biggest of Iceland’s 30 or so volcanic systems. Located roughly at the country’s centre, the volcano’s 10-kilometre caldera lies several hundred metres beneath Vatnajokull, Europe’s largest glacier by volume.
Scientists are taking the latest rumblings seriously: roughly 8000 years ago, after all, the volcanic leviathan let rip with the largest eruption of the past 10,000 years.
“It is very difficult to predict exactly what will happen with an eruption,” says Monash University vulcanologist Professor Ray Cas, who is president of the International Association for Volcanology and Chemistry of the Earth.
Scientists tell us that over the last 10,000 years Bardarbunga has produced “more lava than any other volcano on the planet.”
If we witness a full scale eruption at Bardarbunga, the cancellation of a few thousand flights may be the smallest of our concerns.
The truth is that we might be looking at the coldest winter that any of us have ever seen in the northern hemisphere.
But don’t just take my word for it. The following is from a British newspaper article entitled “Icelandic volcano could trigger Britain’s coldest winter EVER this year“…
Depending on the force of the explosion, minute particles thrust beyond the earth’s atmosphere can trigger DECADES of chaotic weather patterns.
Tiny pieces of debris act as billions of shields reflecting the sun’s light away from earth meaning winter temperatures could plunge LOWER THAN EVER before while summer will be devoid of sunshine.
The first effect could be a bitterly cold winter to arrive in weeks with thermometers plunging into minus figures and not rising long before next summer.
If this did happen, there is nothing that we could do to change it.
We would just have to deal with it.
This is a kind of “climate change” that everyone can agree on. It is well known that volcanic eruptions can substantially lower global temperatures. In fact, some global warming theorists are already blaming increased volcanic activity for why temperatures have not been rising in recent years…
“In the last decade, the amount of volcanic aerosol in the stratosphere has increased, so more sunlight is being reflected back into space,” said lead author Benjamin Santer, climate scientist at Laurence Livermore National Laboratory, in a press release. “This has created a natural cooling of the planet and has partly offset the increase in surface and atmospheric temperatures due to human influence.”
But if Bardarbunga fully erupts, we could be looking at something a lot worse than a little “global cooling”.
We could potentially be facing winters that never seem to end.
It has happened before in recorded history many times. The following list comes from Wikipedia…
The effects of volcanic eruptions on recent winters are modest in scale, but historically have been significant.
Most recently, the 1991 explosion of Mount Pinatubo, a stratovolcano in the Philippines, cooled global temperatures for about 2–3 years.
In 1883, the explosion of Krakatoa (Krakatau) created volcanic winter-like conditions. The four years following the explosion were unusually cold, and the winter of 1887-1888 included powerful blizzards. Record snowfalls were recorded worldwide.
The 1815 eruption of Mount Tambora, a stratovolcano in Indonesia, occasioned mid-summer frosts in New York State and June snowfalls in New England and Newfoundland and Labrador in what came to be known as the “Year Without a Summer” of 1816.
A paper written by Benjamin Franklin in 1783 blamed the unusually cool summer of 1783 on volcanic dust coming from Iceland, where the eruption of Laki volcano had released enormous amounts of sulfur dioxide, resulting in the death of much of the island’s livestock and a catastrophic famine which killed a quarter of the Icelandic population. Northern hemisphere temperatures dropped by about 1 °C in the year following the Laki eruption.
In 1600, the Huaynaputina in Peru erupted. Tree ring studies show that 1601 was cold. Russia had its worst famine in 1601-1603. From 1600 to 1602, Switzerland, Latvia and Estonia had exceptionally cold winters. The wine harvest was late in 1601 in France, and in Peru and Germany, wine production collapsed. Peach trees bloomed late in China, and Lake Suwa in Japan froze early.
The possibility of volcanic eruptions substantially cooling our weather is the biggest “climate threat” that we are facing by far.
Without warm summers and plenty of sunshine, our crops will not succeed.
And global food supplies are already stretched to the limit. Just this week we learned that one out of every nine people in the world does not have enough food to eat.
What would happen if global food production was cut by 10 or 20 percent for a few years?
So keep an eye on Bardarbunga and the other major volcanoes around the planet that are rumbling right now.
They may just play a major role in our immediate future.
This time, the Federal Reserve has created a truly global problem. A big chunk of the trillions of dollars that it pumped into the financial system over the past several years has flowed into emerging markets. But now that the Fed has decided to begin “the taper”, investors see it as a sign to pull the “hot money” out of emerging markets as rapidly as possible. This is causing currencies to collapse and interest rates to soar all over the planet. Argentina, Turkey, South Africa, Ukraine, Chile, Indonesia, Venezuela, India, Brazil, Taiwan and Malaysia are just some of the emerging markets that have been hit hard so far. In fact, last week emerging market currencies experienced the biggest decline that we have seen since the financial crisis of 2008. And all of this chaos in emerging markets is seriously spooking Wall Street as well. The Dow has fallen nearly 500 points over the last two trading sessions alone. If the Federal Reserve opts to taper even more in the coming days, this currency crisis could rapidly turn into a complete and total currency collapse.
A lot of Americans have always assumed that the U.S. dollar would be the first currency to collapse when the next great financial crisis happens. But actually, right now just the opposite is happening and it is causing chaos all over the planet.
For instance, just check out what is happening in Turkey according to a recent report in the New York Times…
Turkey’s currency fell to a record low against the dollar on Friday, a drop that will hit the purchasing power of everyone in the country.
On a street corner in Istanbul, Yilmaz Gok, 51, said, “I’m a retiree making ends meet on a small pension and all I care about is a possible increase in prices.”
“I will need to cut further,” he said. “Maybe I should use my natural gas heater less.”
As inflation escalates and interest rates soar in these countries, ordinary citizens are going to feel the squeeze. Just having enough money to purchase the basics is going to become more difficult.
And this is not just limited to a few countries. What we are watching right now is truly a global phenomenon…
“You’ve had a massive selloff in these emerging-market currencies,” Nick Xanders, a London-based equity strategist at BTIG Ltd., said by telephone. “Ruble, rupee, real, rand: they’ve all fallen and the main cause has been tapering. A lot of companies that have benefited from emerging-markets growth are now seeing it go the other way.”
So why is this happening? Well, there are a number of factors involved of course. However, as with so many of our other problems, the actions of the Federal Reserve are at the very heart of this crisis. A recent USA Today article described how the Fed helped create this massive bubble in the emerging markets…
Emerging markets are the future growth engine of the global economy and an important source of profits for U.S. companies. These developing economies were both recipients and beneficiaries of massive cash inflows the past few years as investors sought out bigger returns fostered by injections of cheap cash from the Federal Reserve and other central bankers.
But now that the Fed has started to dial back its stimulus, many investors are yanking their cash out of emerging markets and bringing the cash back to more stable markets and economies, such as the U.S., hurting the developing nations in the process, explains Russ Koesterich, chief investment strategist at BlackRock.
“Emerging markets need the hot money but capital is exiting now,” says Koesterich. “What you have is people saying, ‘I don’t want to own emerging markets.'”
What we are potentially facing is the bursting of a financial bubble on a global scale. Just check out what Egon von Greyerz, the founder of Matterhorn Asset Management in Switzerland, recently had to say…
If you take the Turkish lira, that plunged to new lows this week, and the Russian ruble is at the lowest level in 5 years. In South Africa, the rand is at the weakest since 2008. The currencies are also weak in Brazil and Mexico. But there are many other countries whose situation is extremely dire, like India, Indonesia, Hungary, Poland, the Ukraine, and Venezuela.
I’m mentioning these countries individually just to stress that this situation is extremely serious. It is also on a massive scale. In virtually all of these countries currencies are plunging and so are bonds, which is leading to much higher interest rates. And the cost of credit-default swaps in these countries is surging due to the increased credit risks.
And many smaller nations are being deeply affected already as well.
For example, most Americans cannot even find Liberia on a map, but right now the actions of our Federal Reserve have pushed the currency of that small nation to the verge of collapse…
Liberia’s finance minister warned against panic today after being summoned to parliament to explain a crash in the value of Liberia’s currency against the US dollar.
“Let’s be careful about what we say about the economy. Inflation, ladies and gentlemen, is not out of control,” Amara Konneh told lawmakers, while adding that the government was “concerned” about the trend.
Closer to home, the Mexican peso tumbled quite a bit last week and is now beginning to show significant weakness. If Mexico experiences a currency collapse, that would be a huge blow to the U.S. economy.
Like I said, this is something that is happening on a global scale.
If this continues, we will eventually see looting, violence, blackouts, shortages of basic supplies, and runs on the banks in emerging markets all over the planet just like we are already witnessing in Argentina and Venezuela.
Hopefully something can be done to stop this from happening. But once a bubble starts to burst, it is really difficult to try to hold it together.
Meanwhile, I find it to be very “interesting” that last week we witnessed the largest withdrawal from JPMorgan’s gold vault ever recorded.
Was someone anticipating something?
Once again, hopefully this crisis will be contained shortly. But if the Fed announces that it has decided to taper some more, that is going to be a signal to investors that they should race for the exits and the crisis in the emerging markets will get a whole lot worse.
And if you listen carefully, global officials are telling us that is precisely what we should expect. For example, consider the following statement from the finance minister of Mexico…
“We expected this year to be a volatile year for EM as the Fed tapers,” Mexican Finance Minister Luis Videgaray said, adding that volatility “will happen throughout the year as tapering goes on”.
Yes indeed – it is looking like this is going to be a very volatile year.
I hope that you are ready for what is coming next.