We Must Have MOAR: Almost Everyone In Washington Seems To Agree That More Free Money Will Fix The Economy

There seems to be a growing consensus in Washington that the only way to fix the worst economic downturn in more than 70 years is by giving out much more free money.  Joe Biden wants more “stimulus”, Treasury Secretary Janet Yellen wants more “stimulus”, and most members of Congress from both parties want more “stimulus”.  Of course none of the previous “stimulus packages” that we spent trillions of dollars on fixed the economy, but they insist that this latest one will finally do the job.  In addition to the 1.9 trillion dollar package that Biden has already proposed, Democrats in Congress are now pushing monthly direct payments to parents that have children under the age of 18.  Needless to say, that proposal has overwhelming support among the American people, because direct socialist payments have become wildly popular since they were first introduced last year.  But by borrowing and spending so much money, we are literally committing national suicide, but very few people are concerned about that at this point.

Even though the previous round of “stimulus payments” is still being sent out, Biden and his minions can’t wait to start sending out another round.

In fact, Biden insists that we literally “don’t have a second to waste”

“We don’t have a second to waste when it comes to delivering the American people the relief they desperately need. I’m calling on Congress to act quickly and pass the American Rescue Plan.”

Quite a few independent economists are alarmed by the inflation that previous “stimulus payments” have created, but Treasury Secretary Janet Yellen is dismissing those fears.

Instead of focusing on inflation, she says that not sending out more free money would be an even greater risk

“As treasury secretary, I have to worry about all of the risks to the economy, and the most important risk is that we leave workers and communities scarred by the pandemic and the economic toll that it’s taken, that we don’t do enough to address the pandemic,” Yellen told CNN’s “State of the Union” on Sunday.

“I’ve spent many years studying inflation and worrying about inflation, and I can tell you, we have the tools to deal with that risk if it materializes,” she continued. “But we face a huge economic challenge here and tremendous suffering in the country. We’ve got to address that. That’s the biggest risk.”

She is assuring us that inflation is not an imminent threat, and perhaps we should believe her.

After all, if we can just completely ignore the hard numbers and the extremely shocking charts the Federal Reserve keeps putting out, what she is saying sounds pretty good.

I know that it is not “normal” for M1 to nearly double over the course of 12 months, but this is the “new normal” where the laws of economics are suspended and we can do whatever we want.

So let’s borrow and spend trillions more, because this party is just getting started.

A while back, “Republican” Senator Mitt Romney proposed thousands of dollars in direct payments to parents with children, and Democrats liked that idea so much that they plagiarized it

Under the proposal, the Internal Revenue Service would provide $3,600 over the course of the year per child under the age of 6, as well as $3,000 per child of ages 6 to 17. The size of the benefit would diminish for Americans earning more than $75,000 per year, as well as for couples jointly earning more than $150,000 per year. The payments would be sent monthly beginning in July.

The benefits would not be deducted off taxpayers’ existing tax liability, meaning American parents would still receive $250 per month per child — or $300 per month per young children — even if they have an existing tax obligation with the IRS.

I think that this proposal will have a 90 percent approval rating with U.S. parents.

Of course a minority will strongly object.  They will insist that these are “socialist welfare payments” and that the federal government should not be doing this.

If you are one of those objectors, you are 100 percent correct.

But take the money anyway.

Let me be 100 percent serious for a moment.  Since the entire ship is going down anyway, take anything that they send to you and use it for yourself and your family.  At this point, survival is the priority.

There is no going back to the way that things once were.  We are literally committing national financial suicide, and at this point even most Republicans in Washington have completely discarded any pretense of fiscal responsibility.

In the old days, Republicans in Congress at least made minimal attempts to slow down the wild spending that the Obama administration was pushing.  But now almost all resistance is gone, and the left is greatly rejoicing that “the path to a fast recovery and an era of prosperity is now open for Biden”…

The left has stewed for a dozen years over Obama’s inability to secure more fiscal stimulus. And while he might perhaps have gotten a bit more out of Congress with more clever design, ultimately the most important constraints came from outside 1600 Pennsylvania Avenue. Obama’s economic-recovery push came in an atmosphere of pure hysteria, in which media and business elites joined by many members of his own party believed the United States stood on the precipice of hyperinflation and a public-debt crisis, the resolution of which had willing partners across the aisle. All those myths now lay in tatters. After hard experience, the path to a fast recovery and an era of prosperity is now open for Biden.

Yeah, we’ll see about that.

But what we do know is that all of the insane borrowing and spending that has been going on is already causing inflation to show up in countless ways.

In 2020, silver performed even better than the stock market did, and it continues to climb higher.

Gold has been surging too, and the outlook for precious metals is going to continue to be bright as long as our leaders continue to flood the system with more money.

Meanwhile, the real economy continues to steadily deteriorate

Without a fresh round of COVID-19 aid from the federal government, about a third of the nation’s pandemic-stricken small businesses are warning they won’t be able to survive.

That’s according to a new report published by the Federal Reserve, which found that sales for 88% of small businesses have not yet returned to pre-crisis levels. About one in three — roughly 30% — of businesses said they expected they could not stay afloat without further assistance from the government, according to the report from the U.S. central bank’s 12 regional offices.

No amount of complaining from the rest of us will prevent a new round of stimulus payments from going out.

The good news is that all of this new money is likely to improve short-term economic conditions for a very brief period of time.

But the bad news is that our long-term problems continue to get much, much worse.

We are literally in the process of completely destroying our money, and since the U.S. dollar is the de facto reserve currency of the whole world, the economic fate of the entire globe is in our hands.

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

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

Americans Have Never Been More Dissatisfied With How The Country Is Functioning Than They Are Right Now

Are you satisfied with life in America right now?  Before you answer that question, consider more than just politics.  Taking an overall view that encompasses every aspect of our society, are you generally satisfied with how our society is functioning at this moment or not?  Needless to say, we are coming off a very tough year, and 2021 has not started smoothly either.  The COVID pandemic continues to drag on, we are mired in the worst economic downturn in more than 70 years, and there is civil unrest in our streets on an almost nightly basis.  All of these trials and tribulations have taken a great toll on us emotionally, and so perhaps it shouldn’t be a surprise that a new Gallup survey has found that the American people are less satisfied with how our nation is functioning than they ever have been before…

Americans’ satisfaction with seven broad aspects of the way the country functions is collectively at its lowest in two decades of Gallup measurement. This includes satisfaction with the overall quality of life in the U.S., assessments of government, corporate and religious influence, and perceptions of the economic and moral climates.

The average percentage satisfied with these seven dimensions has plunged to 39% at the start of 2021. That compares with 53% a year ago, the highest average in more than a decade amid strong economic confidence and before the coronavirus pandemic took hold in the U.S.

For the survey, Gallup specifically asked Americans about the following seven areas…

-The overall quality of life
-The opportunity for a person in this nation to get ahead by working hard
-The influence of organized religion
-The size and power of the federal government
-Our system of government and how well it works
-The size and influence of major corporations
-The moral and ethical climate

Satisfaction for every one of those areas was way down.

In fact, for six of those categories the decline from last year was in double digits.  Shockingly, the only category that declined by just single digits was “the size and power of the federal government”.

Of course whenever economic conditions are harsh, the overall population is not going to be happy, and we have been through a really tough stretch economically.

According to Gary Halbert of Halbert Wealth Management, last year was the worst year for the U.S. economy in 74 years

Last Thursday the Commerce Department released its first estimate of 4Q Gross Domestic Product showing the economy grew at an annual rate of 4.0% in the final three months of last year. That followed the 3Q record expansion of 33.4% (annual rate) as the economy rebounded strongly following the COVID-19 lockdowns.

2Q GDP plunged by a record-shattering 33.4% (annual rate) following the 1Q slide of 5% in the first three months of the year. For all of 2020 the economy shrank by 3.5%, the worst annual decline in 74 years (WWII).

Sadly, this year has not started very well either.  The number of Americans filing new claims for unemployment benefits each week continues to be at nearly four times the pre-pandemic level

The number of Americans filing for first-time unemployment benefits last week edged down but remained elevated as the coronavirus pandemic continues to trigger a high number of layoffs.

Figures released Thursday by the Labor Department show that 779,000 Americans filed first-time jobless claims in the week ended Jan. 30, lower than the 830,000 forecast by Refinitiv economists.

And the percentage of those without jobs that are considered to be “long-term unemployed” is approaching a record high

Almost 40% of jobless workers in January were long-term unemployed, the Bureau of Labor Statistics reported Friday.

The share has grown steadily since the spring and is approaching the record set in April 2010, in the aftermath of the Great Recession. At that time, nearly 46% of the unemployed were out of work at least six months.

Our system is supposed to provide a helping hand to those that are out of work, but the help doesn’t always get to those that need it.

Even though I write about our economic problems on a regular basis, even I was shocked by a brand new survey that discovered that “just 30% of unemployed individuals are being reached by the unemployment system”…

Congressional Democrats are trying to fast-track a nearly $2 trillion coronavirus relief proposal that would extend the existing supplemental unemployment benefits, but new research suggests that the jobless aid is not reaching millions of out-of-work Americans.

At most, just 30% of unemployed individuals are being reached by the unemployment system, according to a report published this week by Eliza Forsythe, a labor economist at the University of Illinois. That means roughly three out of every four jobless workers aren’t receiving aid — or about 8 million of the 11 million people counted as unemployed in December.

But for millions of deeply hurting Americans, there is good news in the short-term.  Congress is about to pass another COVID relief bill, and soon more stimulus payments will be going out to the American people.

Of course borrowing and spending another 1.9 trillion dollars that we do not have will make our long-term debt problems even worse and will push us even farther down a highway to hyperinflation.

In the end, most Americans don’t really care that we are literally committing national suicide.  They just know that they are in pain and they want some help as soon as possible.

If economic conditions begin to significantly improve in the weeks ahead, the American people will start to feel better about how the country is doing.

But even if there is some sort of a short-term boost, the long-term outlook is bleaker than ever, and the American people are not going to be able to handle the long-term pain that is coming very well at all.

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

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

Living Off Grid As The Collapse Of Society Approaches: “Why Aren’t More People Doing This?”

You don’t have to be a cog in the system.  For most of us, the only option that was presented while we were growing up was to get on the hamster wheel and run as fast as we could.  You know what I mean – go to school, get a job, pay a mortgage, prepare for retirement, etc.  But it doesn’t have to be that way.  If you truly want to unplug from the system and live your life off the grid, you can.  Of course it isn’t easy, but nothing in life really worth doing ever is.

Sadly, the lives of most people are defined by the matrix that the vast majority of us are connected to on a daily basis.  In most cases, your income and status in society are defined by whatever “job” has been given to you by whichever corporation you are currently working for.  We like to call ourselves “employees”, but in essence we are basically corporate servants.

Of course most people feel like they can’t quit their corporate jobs because each month they have to make payments on mortgages, auto loans and credit card debts that they owe to giant corporate financial institutions.

And most people also feel the need to constantly “prepare for retirement” by pouring money into corporate securities in the rigged game that we call “the stock market”.

But what is going to happen to all of them when our economic and financial systems completely implode?

During this current economic downturn, millions upon millions of Americans have already lost their jobs, and it is being reported that millions of Americans could potentially be evicted from their homes in 2021.

When things go bad, it is the little guy that gets crushed first.

But you don’t have to wait around for that to happen.

An increasing number of Americans have decided that living off the grid is the way to go.  For example, 65-year-old Bob Wells will never have to make a mortgage payment or pay rent ever again.  He lives on public lands in his GMC Savana, and he uses solar power to run his 12-volt refrigerator.  In recent years he has become internationally known for his YouTube channel named “Cheap RV Living”, but it wasn’t always this way.

In fact, his decision to adopt a nomad lifestyle was originally sparked by deep dissatisfaction with the corporate job that he was working

Before becoming a nomad in 1995, Bob lived in Anchorage, Alaska, with his wife and two boys. He worked as a union clerk at the same Safeway where his father had worked until retirement, only to die two years later.

Bob didn’t want his father’s fate, but there he was. As days became decades, he went to a job he hated, worked with people he didn’t like, to buy things he didn’t want. By his own telling, he was the living embodiment of Thoreau’s “quiet desperation”. He knew he wasn’t happy, but it never occurred to him to live differently.

When he suddenly found himself divorced, Bob made a dramatic choice that changed his life forever

Then, when he was 40 years old, the divorce happened. After paying alimony and child support, he was taking home $1,200 a month, $800 of which went towards rent.

One day, fretting about impossible finances, he saw a green box van for sale and thought: “Why don’t I buy that van and move into it?” The idea struck him as crazy, but with the prospect of homelessness closing in, he drained the last $1,500 in his savings account and bought the van that was just “too ratty-looking” for its previous owner. He gave his landlord notice that night, threw a sleeping pad in the back of his new home, and cried himself to sleep.

Today, he has hundreds of thousands of online followers, and he is even featured in a new film called “Nomadland”.

But despite all of that success, he will continue to live in his GMC Savana.

For others, living in a van is not a palatable option, but they have still chosen to live off the grid.

Over in the UK, a British couple named Matthew and Charis Watkinson have fully embraced a philosophy known as “collapsology”

NO bills, no mortgage, an endless supply of homegrown grub and even a hot tub to relax in – welcome to the world of two Brits prepared for the end.

Essex vets Matthew and Charis Watkinson gave up the rat race for the good life in the Welsh countryside after reading about ‘collapsology’, a movement based around the theory that society as we know it could fall apart.

Wouldn’t it be great to have no bills every single month?

Matthew and Charis gave up their £30,000-a-year jobs, and now they produce their own food on three acres of land in Pembrokeshire

Matthew and Charis, 35, bought three acres of land in Pembrokeshire for £35,000 and spent a further £25,000 on building a house, chicken coops, greenhouses, a horse poo-powered gas cooker and even a hot tub.

They are entirely self-sufficient, installing solar panels, growing their own fruit and veg, building beehives, rearing up to 140 chickens and converting lorries and flatbed hay trailers into zero-carbon living quarters.

If the collapse of our society greatly accelerates, they are ready.

Meanwhile, they don’t have to get up at the crack of dawn every morning and drag themselves to corporate jobs that they absolutely hate.

As I was preparing this article, I was reminded of a Reddit post that I saw earlier today…

I don’t understand how people would rather have a job than be dead. I genuinely don’t understand the motive. I picked a field I love, I became educated, I have had multiple jobs that are vastly different from each other and every one gives me the same overwhelming feeling of “I’d literally rather die than do this”. It’s been every job I’ve ever had, even before graduating college. I simply don’t feel rewarded when I put in effort to complete a task, I never get fulfillment out of a job well done. I don’t understand how people do this their whole lives

Have you ever felt that way?

I think that most of us have.

Matthew and Charis may have simple lives, but they are absolutely thrilled to be free of the system…

“We’ve built a farm for a lot less than £100,000 and it’s all ours.

“We don’t owe anybody any money and we don’t have any bills – why aren’t more people doing this?”

I think that is a perfect question.

Why aren’t more people doing this?

If you hate what your life has become, maybe it is time for a big change.

Countless others have gotten free from the system, and you can do it too.

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

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

Why Are So Many Americans Stockpiling Guns, Silver And Food Right Now?

We were told that 2021 would be the year when everything starts to get back to normal.  But that hasn’t exactly been the case, has it?  It has been just over a month, and there is still chaos everywhere.  We have seen a wild riot at the U.S. Capitol, civil unrest has been erupting in major cities from coast to coast, millions of people have filed for unemployment benefits, a president was impeached, and a crazy ride on Wall Street made “GameStop” a national phenomenon.  That would normally be enough for an entire year, but we are still in the first week of February.

All throughout history there have been critical turning points when events have greatly accelerated, and it appears that we have reached one of those turning points.

In fact, this may be turn out to be the biggest turning point of them all.

Millions upon millions of Americans can sense that big trouble is ahead.  For many, it is like a “gut feeling” that they just can’t shake.

Just a few days ago, my wife met a woman from the west coast that just moved here.  This woman and her husband were desperate to leave California, and they felt very strongly that they should move somewhere safe.

What makes her story remarkable is the fact that my wife and I have heard similar stories from others countless times over the past 12 months.

Our nation is being shaken in thousands of different ways, and so many of us can feel that things are building up to some sort of a grand crescendo.

So that is why so many Americans are stockpiling guns, silver and food right now.

They want to be ready for what is ahead.

2020 was a record year for U.S. gun purchases, but instead of slowing down in January, gun sales went even higher

According to the FBI’s National Instant Criminal Background Check (NCIS) data, 4.3 million firearm background checks were initiated in January. That’s the highest number on record, and up over 300,000 in comparison to December 2020. Three of the top 10 highest weeks are now from January 2021.

The National Shooting Sports Foundation’s adjusted background check figure of 2 million, reached by subtracting out background code permit checks and permit rechecks and checks on active concealed carry permits, was a jump from its adjusted figure of 1.1 million in January 2020.

One of the biggest reasons why people feel a need to be armed right now is because crime rates have been absolutely skyrocketing.

In particular, murder rates in our major cities rose by an average of 30 percent last year…

Murder rates in nearly three dozen American cities exploded in 2020, rising 30 percent over the previous year, resulting in 1,200 more deaths from murder last year when compared to 2019, according to a new study examining possible connections between crime, the coronavirus pandemic and protests against police brutality.

‘Homicide rates were higher during every month of 2020 relative to rates from the previous year. That said, rates increased significantly in June, well after the pandemic began, coinciding with the death of George Floyd and the mass protests that followed,’ states a report from the National Commission of COVID-19 and Criminal Justice (NCCCJ), titled Pandemic, Social unrest and Crime in US Cities.

We have never seen an increase of that magnitude from one year to the next, and the brutality of some of these murders has been off the charts.

For example, the recent murder of two women in California deeply shocked people all over the nation

A brother of up-and-coming rapper Uzzy Marcus was arrested in California following an eight-hour standoff with police and charged with murdering two women, whose lifeless bodies were captured in an Instagram Live video.

Raymond Weber, 29, was taken into custody by police in Vacaville at around 8.30am on Saturday and was then booked into the Solano County Jail on two counts of first-degree murder and multiple other felonies, including domestic assault.

In addition to the straight up crime we have been witnessing, endless political violence has also made some of our largest cities almost unlivable at this point.

I honestly do not know why anyone would want to live in downtown Portland or downtown Seattle now.  Of course conditions are not much better in the core areas of many of our other major metropolitan areas.

Meanwhile, our economy continues to be greatly shaken and recent volatility in the financial markets caused a massive run on physical silver

U.S. bullion broker Apmex warned of delays in processing silver transactions because of surging volumes.

Other U.S. dealers, including JM Bullion and SD Bullion, warned customers of shipping delays of five to 10 days. Everett Millman at Gainesville Coins in Florida said they were expecting shipping delays, perhaps until perhaps mid-March, for some products like Silver Eagles and Silver Maples.

Things have calmed down a bit after the craziness of the past few days, but people are going to continue voraciously buying silver.

Precious metals have been a safe haven all throughout human history, and that is especially true during highly inflationary times.

And as I have written about extensively, we are moving into very highly inflationary times.

In addition to gold and silver, Americans have also been feverishly stockpiling food

Wise Company estimated in 2018 that Americans were buying between $400 million and $450 million worth of emergency food supplies per year. And, while Wise declined to release any specific revenue figures, Eriksson tells CNBC Make It that the company saw its food sales surge by “probably five or six times” in 2020 amid the pandemic.

In the long run, I would argue that food is more important than guns or silver, because you can’t eat guns or silver when you are hungry.

And yes, things will eventually get that bad.

Most people don’t understand the specifics of what is coming, but what they do know is that they have a gnawing feeling deep inside that they can’t shake that really bad things are on the horizon.

I would strongly encourage you to use this current period of relative stability to get prepared for the very uncertain times that are ahead of us.

Everything that can be shaken will be shaken, and our society will soon be turned completely upside down.

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

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

The Exact Same Thing That Is Happening To GameStop Is Eventually Going To Happen To The Stock Market As A Whole

A stock is only worth what someone is willing to pay for it at a particular moment in time.  Sadly, this is a lesson that many GameStop traders are learning right now.  Just a few days ago, GameStop had surged above $300 a share and a lot of investors that had gotten caught up in the frenzy thought that they were suddenly rich.  But you only make money in the stock market when you get out.  Those that sold at the peak of the bubble were extremely fortunate, but most GameStop investors are determined to hold on to the bitter end, and the end will definitely be quite bitter indeed.

I think that it is great that a horde of retail investors want to punish the short sellers, but GameStop is definitely not a long-term investment.

In fact, the fair value for a share of GameStop stock is probably less than a dollar.

So it was quite bizarre that “the Reddit army” was able to push the price of the stock to more than $300 a share.  Ultimately, any really determined group of investors can temporarily pump up the price of any stock, but in order for it to stay elevated there must be buyers that are willing to purchase the stock at that level day after day.

Everyone knew that GameStop was going to come back down, and that has happened in dramatic fashion during the last two trading sessions

Shares of GameStop sank further on Tuesday, with shares of the volatile retail-trader favorite sliding 60% to finish at $90 per share.

The tumble follows a more than 30% drop during the regular market session Monday after finishing at $325 per share on Friday. That brings the two-day loss to 72%.

For the sake of GameStop investors, I hope that the stock bounces back a bit on Wednesday, but it is just a matter of time before it returns to a level that is much closer to fair value.

Some investors such as Dave Portnoy got really excited about what Reddit traders were trying to do, and he got in at the very top of the bubble.  Now that several of those stocks have cratered, Portnoy has lost approximately 700,000 dollars

After the bell, Portnoy provided an update on his AMC, NOC, and NAKD positions. He said he bought them at the “absolute high” and sold them at the “exact bottom.” In total, he said losses amounted to $700k, something we noted earlier.

That has got to hurt.

Others have also seen the value of their stock holdings drop in precipitous fashion.

For example, Keith Gill saw the value of his holdings in GameStop drop by 13 million dollars on Tuesday alone…

Keith Gill — who goes by DeepF——Value on Reddit and Roaring Kitty on YouTube — says he suffered a loss north of $13 million on Tuesday alone from his GameStop bet, but he’s still not selling.

He’s the man who helped inspire the epic short squeeze in GameStop last week that sent shockwaves through Wall Street. Through YouTube videos and Reddit posts, Gill attracted an army of day traders who cheered each other on and piled into the brick-and-mortar video game stock and call options, creating a massive short squeeze as the shares jumped 400% last week alone.

I know that he says that he is doing this to make a point, but I have a feeling that someday he is going to look back and kick himself for not selling when he had the chance.

Golden opportunities come along very rarely in life for most people, and when they do it is important to take advantage of them.

Of course one of the big reasons why GameStop crashed was because Robinhood had restricted trading in that stock, and now that the stock has crashed Robinhood is rolling back the limitations

Robinhood on Tuesday rolled back more of its trading limitations, now allowing clients to buy up to 100 shares of GameStop.

GameStop climbed off the lows as the Robinhood changes were announced.

Speaking of Robinhood, this whole episode has exposed the fact that they were never actually “looking out for the little guy” at all.  The following comes from Senator Josh Hawley

Enter Robinhood—as in, steal from the rich. Robinhood was the trading platform for the little guy. No fees, no hassle. It was Big Tech, once again, allegedly democratizing another sphere of American life captured by elite control. But like the tech platforms, Robinhood wasn’t really about its users. Its bread was buttered by selling the data on users’ trades to the big players—the elite guys, like Citadel—to give them inside tips on where retail investors were sending their money. And the Citadel guys, in turn, pay off their regulators—like treasury secretary Janet Yellen—in their years away from government for favors when they’re back in power.

What a crooked system we have, but our politicians will never have enough courage to actually try to change it.

And of course the so-called “guardians of democracy” in the mainstream media relentlessly defend our extremely corrupt system.

Sadly, it is just a matter of time before the entire house of cards comes crashing down for good.

The talking heads on television are preaching to us about the dangers of “the GameStop bubble”, but the truth is that our entire stock market has become one gigantic bubble.

As I keep reminding my readers, if the market were to drop by 50 percent tomorrow, it would still be way overvalued.

Price to earnings ratios always return to their historical averages eventually, and it will be no different in our case.

Of course we should hope that the eventual crash can be put off for as long as possible, because the collapse of the stock bubble will severely hurt millions of people financially.

But as sure as you are reading this, it will happen.

So I really don’t want to hear any more babbling from the sanctimonious idiots in the financial community that are trying to tell us that GameStop investors “had it coming”.

Yes, everyone could see that the GameStop saga was not going to end well, but everyone should also be able to see that things are not going to end well for the market as a whole.

If you can make some money in the short-term by playing the stock market, that is great.

But as our friends at Zero Hedge like to say, “on a long enough timeline the survival rate for everyone drops to zero”.

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

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

Guess Which Side The Corporate Media Is Taking In The GameStop Story…

You would think that a plucky group of Internet rebels standing up to a bunch of notorious hedge funds and short sellers would be a story that even the mainstream media should be able to get right, but apparently that is not the case.  As you will see below, the corporate-controlled media is attempting to convince all of us that the hedge funds and the short sellers are actually “the good guys” and that the “Reddit army” that is taking them on is a bunch of dangerous insurrectionists that are a threat to the entire system.  Of course I suppose that it shouldn’t be a surprise that the corporate-controlled media is standing up for the establishment, because the establishment showers them with millions of advertising dollars.  But it really has been disgusting to watch them totally sell out like this.  If you listen to the mainstream media long enough, you would be tempted to believe that we now live in a “Bizarro World” in which everything that was once evil is now good and everything that was once good is now evil.

Just within the past few days, the New York Times has called the “Reddit army” a “rebellion”, Investing Daily has referred to it as an “insurrection”, and NBC News has used the word “insurgency” to describe it.

But first prize actually goes to the Washington Post.  They had the gall to run a story entitled “The good guys in the GameStop story? It’s the hedge funds and short sellers”…

The Gamestop speculators are not merely in a frenzy about one stock. Their goal is to destroy the traders who link stock prices to fair value. To suggest a political analogy, they are not just blindly devoted to their candidate; they deny the legitimacy of the opposition party. They are not just acting within the system; they want to overthrow the system. It’s as though — just imagine — a rabble gripped by conspiracy theories were to attack the rules of democracy itself. The name “Gamestop” is apt.

Are you kidding me?

What is next?  Is the Post going to come out with a story about how Luke Skywalker was evil because he wanted to overthrow the established order that Darth Vader and the Emperor had instituted across the galaxy?

The official slogan of the Washington Post is “Democracy Dies In Darkness”, and that is quite ironic because they have totally gone over to the dark side.  In the same article that I just quoted above, the Post laughably asserted that “a market without short sellers” would be like “a political system without investigative journalists”…

What about short sellers? These are specialists who research stocks that might go down, sometimes because bosses are illegally covering up bad news about their companies. When short sellers identify a case of fraud or similar, they borrow and sell the stock, hoping to buy it back at a lower price later. Again, there is nothing evil about this. To the contrary, it’s a way of keeping prices honest. A market without short sellers is like a political system without investigative journalists.

Yes, let us take a moment of silence right now to acknowledge all of the wonderful contributions that short sellers have made to our society.

It really has been amazing to watch the lengths that some in the mainstream media will go to in an attempt to demonize the retail traders that have banded together to go after the short sellers.  On CNN’s website, Chris Cillizza did his best to try to turn the “woke mob” against the Reddit traders by linking them with Trump.  The following comes from his article entitled “How Trumpism explains the GameStop stock surge”

The point is that there is no real point beyond showing up the pros — proving to them that they aren’t as smart as they think they are and that they don’t have the ability to control everything.

Which, again, has its roots in Trumpism. The entire notion of Trump’s candidacy and presidency was to stick it to the elites. And then, well, uh, there wasn’t really a plan beyond that. The screwjob was the point.

Others have gone even farther.  To me, it was extremely offensive when former SEC Commissioner Laura Unger compared the short squeeze on Wall Street to the rioting at the U.S. Capitol.

Of course whenever something happens that the establishment really doesn’t like, it is just a matter of time before they start blaming Russia.

The other night, Jimmy Kimmel suggested that “maybe even some Russian disrupters” were at least partially responsible for the chaos on Wall Street, and MarketWatch actually published an article entitled “The GameStop saga is a road map for the Kremlin and other enemies of America”.

Ever since the 2016 election, Russia has become the ultimate boogeyman.

If something major goes wrong, Russia has to be blamed for it somehow.

President Trump at least attempted to keep our relations with Russia fairly stable while he was in office, but now that he is gone I have a feeling that U.S. relations with Russia are going to completely fall apart.

But that is a topic for another article.

Getting back to the topic at hand, the short sellers only have themselves to blame for what happened.  The number of GameStop shares that had been sold short was greater than the number of GameStop shares that actually existed, and that was a golden invitation for anyone that wanted to attempt a massive short squeeze.

If it wasn’t the Reddit army, it was probably going to be someone else.

What a year this has been already.

On the first Wednesday of 2021, there was a massive riot at the U.S. Capitol.

On the second Wednesday of 2021, President Trump was impeached by the House of Representatives.

On the third Wednesday of 2021, Joe Biden was inaugurated.

On the fourth Wednesday of 2021, the GameStop short squeeze made headlines all over the globe.

So will something historic happen this Wednesday?

We shall see, but without a doubt the chaos that we have witnessed so far is just the very start of our troubles.

Everywhere you look, people are extremely angry.

And everywhere you look, our system is being greatly shaken.

Most Americans are sick and tired of the corruption and injustice that they see all around them, and they know that our “leaders” aren’t going to do anything about it.

People are increasingly taking matters into their own hands, and the Reddit army is thrilled that the hedge funds and the short sellers can finally feel their fury.

But fury is not going to fix our system.

At this point, nothing will.

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

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

Is ‘The Reddit Army’ On The Verge Of Creating The Most Epic Silver Short Squeeze In U.S. History?

In all of the years that I have written about precious metals, I have never seen anything like this.  The corporate media is breathlessly reporting that “the Reddit Army” plans to do to silver what it did to GameStop, and this has caused a frenzy of buying and a severe shortage of physical silver at dealers all across the United States.  If things are this crazy already, what is going to happen when the short squeeze actually begins?  For now, “the Reddit Army” is still primarily focused on GameStop and other stocks that major hedge funds have been relentlessly short selling, and in recent days members of that army have actually been purchasing billboard ads to celebrate their success

The billboards show a unified support for the investors who have driven up the price of GameStop – which was at $2.57 at its lowest point last year – to over $483 a share.

“$GME GO BRRR” read a digital billboard in New York City, with brrr referring to the sound a money-printing machine makes.

The West Coast similarly joined in, with an airplane flying over Santa Monica reading “WE ARE ALL GAMESTOP WALLSTREETBETS.”

I expect that GameStop and other stocks that have been specifically targeted will continue to be the primary focus for “the Reddit Army” during this upcoming week.

But there continues to be quite a bit of discussion on r/WallStreetBets about the potential for a silver short squeeze.  The following is one example

Silver Bullion Market is one of the most manipulated on earth. Any short squeeze in silver paper shorts would be EPIC. We know billion banks are manipulating gold and silver to cover real inflation.

Both the industrial case and monetary case, debt printing has never been more favorable for the No. 1 inflation hedge Silver.

Inflation adjusted Silver should be at 1000$ instead of 25$. Link to post removed by mods.

Why not squeeze $SLV to real physical price.

Think about the Gainz. If you don’t care about the gains, think about the banks like JP MORGAN you’d be destroying along the way.

And even though there hasn’t been much action yet, anticipation about what could be coming has pushed the price of silver up quite a bit since Thursday

Silver has risen nearly 15% since Thursday, when posts began circulating on Reddit urging retail investors to buy silver mining stocks and iShares Silver Trust, an exchange traded fund (ETF) backed by physical silver bars, in a GameStop-style squeeze.

Demand has been even more intense for physical bars and coins.

On Sunday, several major silver dealer websites warned of delays in processing orders

Retail sites were overwhelmed with demand for silver bars and coins on Sunday, suggesting the Reddit-inspired frenzy that roiled commodities markets last week is spilling over into physical assets.

Sites from Money Metals and SD Bullion to JM Bullion and Apmex, the Walmart of precious metals products in North America, said they were unable to process orders until Asian markets open because of unprecedented demand for silver.

There have been runs on physical silver before, but I don’t remember ever seeing anything of this nature.

Just check out what the CEO of SD Bullion just wrote…

In the 24 hours proceeding Friday market close, SD Bullion sold nearly 10x the number of silver ounces that we normally would sell in an entire weekend leading to Sunday market open.

In a normal market, we normally can find at least one supplier/source willing to sell some ounces over the weekend if we exceed our long position (the number of ounces we predict we will sell over the weekend).

However, everyone we talk to is afraid of a gap up at Sunday night market open.

This is about ready to get really interesting as there was very little inventory left from suppliers/mints going into Friday close.

Our direct AP supplier informed us after close on Friday that the “US Mint will be on allocation for the remainder of Type 1” (Current Silver Eagle Design).

Our sales for the month of January exceeded any one month last year during the heart of the pandemic. It was an all-time record month in our company history. 

The higher the price of silver shoots up, the more severe the supply crunch is likely to become.

Of course the truth is that manipulation by the big banks has kept the price of silver much lower than it should have been for many years.

If the ratio of the price of silver to the price of gold were to simply return to historical norms, the price of silver would be well over 100 dollars an ounce.

And unlike gold, silver is a very important commercial commodity that is used in a whole host of high tech products.  This is something that James Rickards pointed out in one of his recent articles

Silver is a commodity used in many industrial processes, including water purification, tableware, solar panels, electrical contacts, X-Ray film, mirrors and medical instruments. It’s the best electrical conductor of any metal. It is also used in automobile emission control equipment. All of these industrial and scientific applications qualify silver as a commodity input.

It is fun to invest in stocks like GameStop, but the fundamentals for such companies are not good at all.

On the other hand, the long-term fundamentals for silver are exceedingly good.  Whether the price of silver surges in the short-term or not, in the long-term it must go much higher.

Large financial institutions have been working very hard to keep the price of silver depressed, but as Egon von Greyerz has pointed out, in the end they will inevitably lose this battle…

The silver market is one of the most toxic of all. Heavily manipulated and with bullion banks now being 100 million oz of silver short on Comex and with no liquidity in London, as Alasdair Macleod has pointed out.

Still, even if not in the next week or two, silver will win this game in the medium- and long-term as the dosage of paper silver shorts is much too big to survive a short squeeze.

I really do hope that the Reddit Army commits to a silver short squeeze.

But whether it really happens or not, the price of silver will keep going up.

Many investors don’t realize that silver actually outperformed the stock market in 2020.  It was up more than 47 percent for the year, and the hyperinflationary policies of our leaders will make 2021 another good year.

Throughout human history, precious metals have been a hedge against inflation, and today is no different.

Hopefully the Reddit Army will decide to get on the bandwagon, because what they have accomplished so far is absolutely breathtaking.

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

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