Global Famine Is Not Just A Theoretical Scenario Anymore

The head of the United Nations just warned that we are heading into an “unprecedented global hunger crisis”, and people are already dropping dead of starvation in Africa.  For months I have been documenting the signs that severe food shortages were on the way, and now they have begun.  Of course there are many reasons why we are facing such a dire situation.  Weather patterns have gone completely haywire all over the planet, the COVID pandemic has played havoc with global supply chains, and the war in Ukraine is greatly restricting the flow of agricultural resources out of one of the key breadbaskets in the entire world.  Unfortunately, what we have experienced so far is just the tip of the iceberg.

On Friday, UN chief Antonio Guterres publicly warned that there will be an “unprecedented global hunger crisis”

The world faces the prospect of a mass starvation “catastrophe” driven by unprecedented food shortages, U.N. chief Antonio Guterres warned Friday.

Guterres pointed to the conflict in Ukraine as exacerbating disruptions caused by “climate change, the coronavirus pandemic and inequality” to produce an “unprecedented global hunger crisis” already affecting hundreds of millions of people.

According to Google, “unprecedented” means “never done or known before”.

In other words, Guterres is saying that what we are heading into will be unlike anything that any of us have ever seen.

And he is also openly admitting that 2023 “could be even worse” than 2022…

“There is a real risk that multiple famines will be declared in 2022,” he said in a video message to officials from dozens of countries gathered in Berlin. “And 2023 could be even worse.”

Actually, I think that it is safe to say that 2023 will definitely be worse than 2022 based on the information that we currently have.

Of course things have already gotten really bad in some parts of the globe.  In Somalia, one deeply suffering mother has already lost four of her children to starvation in 2022

No mother should have to lose her child. Owliyo Hassan Salaad has watched four die this year. A drought in the Horn of Africa has taken them, one by one.

Now she cradles her frail and squalling 3-year-old, Ali Osman, whom she carried on a 90-kilometer (55-mile) walk from her village to Somalia’s capital, desperate not to lose him too. Sitting on the floor of a malnutrition treatment center filled with anxious mothers, she can barely speak about the small bodies buried back home in soil too dry for planting.

That is one of the saddest things that I have read in a very long time.

If reading that doesn’t make you incredibly sad, you should check to see if you still have a heart.

What is even more tragic is that countless others will soon starve to death in Somalia, and conditions have also greatly deteriorated in Ethiopia and Kenya

More than 200,000 people in Somalia face “catastrophic hunger and starvation, a drastic increase from the 81,000 forecast in April,” a joint statement by U.N. agencies said Monday, noting that a humanitarian response plan for this year is just 18% funded.

Somalia isn’t alone. In Ethiopia’s drought-affected regions, the number of children treated for the most severe malnutrition — “a tip of the crisis” — jumped 27% in the first quarter of this year compared to last year, according to UNICEF. The increase was 71% in Kenya, where Doctors Without Borders reported at least 11 deaths in a single county’s malnutrition treatment program earlier this year.

I have always warned that it would be the poorest parts of the globe that would be hit the hardest.

But as the food shortages intensify, western nations will feel the pain as well.

The biggest problem is all the food that is not going to be grown this year.  Many fertilizer prices have approximately tripled from a year ago, and that is going to dramatically impact agricultural production all over the planet…

Over the coming months, a major challenge will be access to fertilizers which may impact food production across many crops in different regions. Fertilizer prices surged in March, up nearly 20% since January 2022 and almost three times higher compared to a year ago. Russia and Belarus are major fertilizer exporters, accounting for 38% of potassic fertilizers, 17% of compound fertilizers, and 15% of nitrogenous fertilizers.

Here in the United States, many farmers have gone ahead with normal planting despite the high fertilizer prices, but now extreme drought is ruining crops all over the western half of the nation.

For example, just check out what is happening in Kansas.  The following comes from NPR

ELIZABETH REMBERT, BYLINE: Usually, Kansas is known for its fields of waist-high golden wheat. But this year, the blistering conditions have withered some of the crop into short, patchy straw. Standing in one of his fields in northwest Kansas, Chris Tanner wonders if it’ll even make it through harvest.

CHRIS TANNER: I mean, like, this head down here, there’s going to be nothing in it. It’ll blow out the back of the combine. You can see the seeds kind of exposed there. It’ll shatter out even before we get here.

REMBERT: It’s fields like these leading industry groups to predict a 100 million bushel drop in Kansas’ wheat harvest this year. That’s 30% less than last year’s harvest.

And as I discussed last week, conditions are even worse in Colorado and Texas.

So buckle up and hold on tight, because things will soon start getting really crazy.

Before I end this article, there is one more thing that I wanted to mention.  In Oregon, authorities are bracing for an “explosion” of crop-devouring insects…

The Oregon Legislature last year allocated $5 million to assess the problem and set up a Mormon cricket and grasshopper “suppression” program. An additional $1.2 million for the program was approved earlier this month.

It’s part of a larger effort by state and federal authorities in the U.S. West to deal with an explosion of grasshoppers and Mormon crickets that has hit from Montana to Nevada. But some environmental groups oppose the programs, which rely on the aerial spraying of pesticides across large swaths of land.

This is a problem that has really been growing in recent years, and one rancher that was interviewed described the outbreaks that he has experienced as “truly biblical”

Rancher Skye Krebs said the outbreaks have been “truly biblical.”

“On the highways, once you get them killed, then the rest of them come,” he explained. Mormon crickets are cannibalistic and will feast on each other, dead or alive, if not satiated with protein.

It seems like we get more bad news about U.S. food production with each passing day.

Unfortunately, most Americans still don’t seem to grasp what is happening.

If farmers and ranchers don’t produce our food, there won’t be anything to buy at the grocery store.

We have never faced anything like what we are dealing with now, and this crisis is only going to intensify in the months ahead.

***It is finally here! Michael’s new book entitled “7 Year Apocalypse” is now available in paperback and for the Kindle on Amazon.***

About the Author: My name is Michael and my brand new book entitled “7 Year Apocalypse” is now available on Amazon.com.  In addition to my new book I have written five other books that are available on Amazon.com including  “Lost Prophecies Of The Future Of America”“The Beginning Of The End”“Get Prepared Now”, and “Living A Life That Really Matters”. (#CommissionsEarned)  When you purchase any of these books you help to support the work that I am doing, and one way that you can really help is by sending digital copies as gifts through Amazon to family and friends.  Time is short, and I need help getting these warnings into the hands of as many people as possible.  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 Facebook and Twitter, and any way that you can share these articles with others is a great help.  These are such troubled times, and people need hope.  John 3:16 tells us about the hope that God has given us through Jesus Christ: “For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life.”  If you have not already done so, I strongly urge you to ask Jesus to be your Lord and Savior today.

The Biggest Temper Tantrum In U.S. History Has Begun

There have been many times in the history of this country when we have seen tremendous outbursts of anger, but most of those faded fairly quickly.  For example, the rioting that we witnessed in the aftermath of the death of George Floyd was horrifying, but it only lasted for a matter of weeks.  This time around, we are facing a national temper tantrum that won’t be measured in weeks or months.  Unless the Supreme Court reverses course on abortion, and I don’t expect that will happen any time soon, the temper tantrum that we are witnessing now is not likely to have an ending point.  Millions of hellish ghouls have been stirred up into a state of immense rage, and the entire nation is going to pay the price.

The violence that happened over the weekend is just the beginning.  From this point forward, no pro-life organization in America will be safe.

Very early on Saturday morning, police discovered that a pro-life center in a very conservative area of Virginia had been attacked

Vandals targeted a pro-life center in Lynchburg, Virginia, with threatening graffiti and broken windows following the U.S. Supreme Court voting to overturn Roe. V. Wade on Friday.

“If abortion ain’t safe, you ain’t safe,” red graffiti states on an entrance area of the Blue Ridge Pregnancy Center, photos posted by local police show.

Lynchburg Police responded to the pregnancy center at about 10:40 a.m. on Saturday. Officers found “​​that the building had been spray painted with graffiti, and multiple windows had been broken out. Security camera footage shows four masked individuals committing the acts.”

Unfortunately, as we have seen in recent weeks, these sorts of attacks are often not limited to just broken windows and graffiti.

In Colorado, we just witnessed another incident in which radicals actually tried to burn a pro-life organization to the ground

A fire which occurred at a Christian pregnancy clinic in Colorado is being treated as arson after chilling messages were spray painted onto the walls and ground outside.

‘If abortions aren’t safe, neither are you,’ read one. ‘Bans off our bodies’ said another by the entrance at the Life Choices clinic in Longmont, northeast of Boulder.

The fire broke out in the middle of the night at 3:17am on Saturday morning. Authorities believe the fire was set deliberately.

State legislatures will also be targets in the days ahead.  On Friday night, a group of crazed protesters actually tried to break into the Arizona Senate building while bills were actually being voted on…

Law enforcement officers in Phoenix, Arizona used tear gas to break up a sizable group of protesters outside the state’s Senate building following the U.S. Supreme Court’s decision to overturn the landmark abortion ruling Roe v. Wade.

“Protesters threatened to break the AZ Senate entryway glass,” Republican Arizona State Senator Wendy Rogers tweeted, as members were in the middle of voting on a series of bills.

The situation escalated into a “hostage” situation as lawmakers were instructed not to exit the building, Republican Arizona State Senator Kelly Townsend said.

And then they came back again on Saturday night

On Saturday night, hundreds of anti-lifers attempted another insurrection upon the Arizona Capitol for the second night in a row.

Moments before the violence began, one rioter told our correspondent that “people are about to start shit,” and another said, “That’s what I’ve been waiting for.” Others were overheard saying that they wanted a police conflict.

At about 11:30 pm MST, the leftist radicals began breaching the Capitol fences in preparation to storm the Capitol. They were chanting, “No justice, no peace!”

After multiple warnings from State DPS officers, a fleet of police cars turned their sirens on, and the rioters immediately scattered. “Get on the ground!” yelled the officers before arresting or detaining everybody still on the property.

CNN and MSNBC have given endless coverage to the events of January 6th, 2021.

So why do they seem so hesitant to cover what is happening in Arizona?

In New York City, protesters vandalized the headquarters of Fox News, and some were even suggesting that it should be burned down

In New York, at least 25 people were arrested on Friday after around 17,000 descended on Washington Square Park before marching through the streets to Grand Central Station, Times Square, and Bryant Park.

They also stopped outside News Corp headquarters – home to Fox News and the The New York Post – and yelled ‘Burn it down! Burn it down! F*** Tucker Carlson!’ Vandals also sprayed ‘F*** Fox’ on the side of the building.

Fox News isn’t even that conservative.

But these days anyone that is considered to be associated with the pro-life movement in any way will be a potential target.

In Los Angeles, a group of very angry liberals decided to shut down the 110 Freeway, and one of them actually attacked a police officer with “a homemade flamethrower”

Pro-abortion protesters shut down the 110 Freeway in downtown Los Angles. El American field journalist Anthony Cabassa captured the moment a vehicle drove through the blockade, and a man slams the car with a pole.

Pro-abortion activists clashed with LAPD officers. Fireworks were launched at police officers, and a man attempted to burn cops with a homemade flamethrower, Post Millennial editor Andy Ngo reported.

The officer that was attacked with the flamethrower had to go to the hospital to be treated for his injuries.

Up in Portland, there were violent protests on both Friday night and Saturday night.  Quite a few buildings had their windows smashed, and that included a Starbucks Coffee outlet.

Don’t they understand that Starbucks is super liberal?

Sadly, when these radicals get riled up they don’t seem to discriminate when it comes to destroying things.

Of course some of the largest protests have been in Washington.  At one point, one particularly angry group of protesters was openly suggesting that the Supreme Court should be burned down

Antifa-linked pro-abortion group Jane’s Revenge vowed to undertake a “night of rage” after the Supreme Court’s ruling on allowing states to make the final call about abortion. Black bloc protesters wielding umbrellas marched through the streets of Washington, D.C.

The group chanted slogans such as, “If abortion ain’t safe, neither are you,” “If we don’t get it, burn it down,” “Every city, every town, burn the precinct to the ground,” and “F*** the church, f*** the state, we won’t let them decide our fate.” The protesters burned American flags.

From this point forward, authorities are going to have to guard the Supreme Court building 24 hours a day.

And the same thing goes for the Supreme Court justices and their families.

Earlier today, I was horrified to learn that angry radicals are openly discussing what can be done to hunt them down

One of the top posts in a socialist subreddit featured the addresses of Supreme Court justices that voted to overturn Roe v. Wade. The Reddit users in the anti-capitalist group discussed hunting down Supreme Court justices at their churches and possibly sending them mail bombs.

The alarming threats were made in r/WorkersStrikeBack – a self-described “leftist, anti-capitalist, socialist subreddit that is dedicated to support worker strikes, protests and unions all over the world, address the obvious problems related to an average worker’s workplace, offer advice to a fellow worker struggling with their workplace problems and mock or satirize any kind of anti-worker sentiment.”

This isn’t going to go away.

These people are absolutely furious, and they are going to be relentless.

Those that regularly follow my work know that I have been warning for years that great civil unrest would be coming to America.

Now it is here.

So stay safe out there and watch your back, because things are going to start getting really crazy.

***It is finally here! Michael’s new book entitled “7 Year Apocalypse” is now available in paperback and for the Kindle on Amazon.***

About the Author: My name is Michael and my brand new book entitled “7 Year Apocalypse” is now available on Amazon.com.  In addition to my new book I have written five other books that are available on Amazon.com including  “Lost Prophecies Of The Future Of America”“The Beginning Of The End”“Get Prepared Now”, and “Living A Life That Really Matters”. (#CommissionsEarned)  When you purchase any of these books you help to support the work that I am doing, and one way that you can really help is by sending digital copies as gifts through Amazon to family and friends.  Time is short, and I need help getting these warnings into the hands of as many people as possible.  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 Facebook and Twitter, and any way that you can share these articles with others is a great help.  These are such troubled times, and people need hope.  John 3:16 tells us about the hope that God has given us through Jesus Christ: “For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life.”  If you have not already done so, I strongly urge you to ask Jesus to be your Lord and Savior today.

Summer Preview: Rolling Blackouts, Higher Gas Prices, Natural Gas Rationing In Europe And A Historic Diesel Crisis

Almost everyone has heard about the rapidly growing global energy crisis by now, but most people assume that this crisis will eventually go away because they think that authorities have everything under control.  Unfortunately, that is not true at all.  This crisis has taken our leaders by surprise, and now many of them have shifted into panic mode because they realize that there will be no easy fixes.  Decades of neglect and foolish decisions have brought us to the precipice of a nightmare, and many of us are going to be absolutely astonished by some of the things that happen in the months ahead.

Here in the United States, we have neglected to properly invest in our power grids for a very long time, and now they are at a breaking point.

We are being warned that there could be widespread “rolling blackouts” this summer, and the situation is particularly dire in Midwest states such as Michigan

The Lansing Board of Water and Light, or BWL, warned in a press release on Tuesday that the company is preparing for potential ‘rolling black-outs’ this summer.

The Mid-Continent Independent System Operator, or MISO, is Michigan’s power grid regulator. MISO will have to ‘load-shed’ if they see expected energy shortages during peak usage times due to hot weather. Load-shedding is purposefully shutting down electric power in some areas of a power-distribution system to prevent the entire system from failing when it is strained by high demand.

Meanwhile, the price of gasoline is likely to continue to go up.

For quite some time, the amount of oil that is being produced around the world each day has been lower than the amount of oil that is being used around the world each day, and as a result supplies have been getting tighter and tighter

Fast forward to today, and where are we? Intrinsic demand is thought to be around 103 million barrels a day now, owing to 1% per year global population growth, plus increased wealth–and demand should keep growing at roughly that pace. But supplies aren’t nearly keeping up. We’re currently producing around 100.6 million barrels (reflecting the loss of about a million barrels from Russia), and the resulting spike in prices is already constraining demand to around 101 million barrels, according to Majcher.

When demand is greater than supply, either prices go up or eventually you have shortages.

And sometimes both things happen.

Bank of America is telling us that oil inventories have reached a “dangerously low point”, and until that changes prices are likely to continue to rise…

The result is a market that for the second straight year is under-supplied, and drawing down inventories as a result–on top of the drawdown in strategic reserves approved by political leaders to try and lower prices. Bank of America is already warning that global oil inventories have fallen to a “dangerously low point,” with certain gasoline and diesel supplies in particular at “precarious levels” as we head into peak U.S. driving season. U.S. oil inventories are already 14% below their five-year average, BofA notes, while distillates (like diesel) are 22% below.

I wish that I could tell you that there is hope that things will turn around eventually.

But at this point the CEO of Exxon is actually warning us to expect “up to five years of turbulent oil markets”

Consumers must be prepared to endure up to five years of turbulent oil markets, the head of ExxonMobil said Tuesday, citing under-investment and the coronavirus pandemic.

Energy markets have been roiled by the Ukraine war as Russia has reduced some exports and faced sanctions while Europe has announced plans to wean itself off dependency on Russian fossil fuels in coming years.

If you think that things are bad now, just wait until you see what happens after a major war erupts in the Middle East.

Then things will really start getting crazy.

Speaking of war, over in Europe a looming natural gas shortage due to the war in Ukraine is likely to cause immense economic problems in the months ahead.

Now that Russia has significantly reduced the flow of natural gas to Germany, it looks like the Germans will soon be forced to ration it, and the Wall Street Journal is telling us that authorities expect “a gas shortage by December”…

The German government moved closer to rationing natural gas on Thursday after Russia cut deliveries to the country last week in an escalation of the economic war triggered by Moscow’s invasion of Ukraine.

Berlin triggered the second of its three-step plan to deal with gas shortages after the Kremlin-controlled energy giant Gazprom, the country’s biggest gas exporter, throttled delivery via the Nordstream pipeline by around 60% last week. Germany’s gas reserves are at 58% capacity, and the government now expects a gas shortage by December if supplies don’t pick up, Economy Minister Robert Habeck said.

It would be difficult for me to overstate the seriousness of this problem.  Energy prices have already gone completely nuts in Europe, and one German official is actually comparing this crisis to the collapse of Lehman Brothers

With energy suppliers piling up losses by being forced to cover volumes at high prices, there’s a danger of a spillover effect for local utilities and their customers, including consumers and businesses, Economy Minister Robert Habeck said Thursday after raising the country’s gas risk level to the second-highest “alarm” phase.

“If this minus gets so big that they can’t carry it anymore, the whole market is in danger of collapsing at some point,” Habeck said at a news conference in Berlin, “so a Lehman effect in the energy system.”

Needless to say, it isn’t just Germany that is being affected

The crisis has spilled far beyond Germany, with 12 European Union member states affected and 10 issuing an early warning under gas security regulation, Frans Timmermans, the European Union’s climate chief, said in a speech to the European Parliament.

“The risk of a full gas disruption is now more real than ever before,” he said. “All this is part of Russia’s strategy to undermine our unity.”

If the war in Ukraine could be brought to a peaceful resolution, that would greatly help matters.

But we all know that isn’t going to happen any time soon.

On top of everything else, global supplies of diesel fuel get squeezed a little bit more with each passing day.  The price of diesel fuel is 75 percent higher than it was a year ago, and here in the United States we have been warned that the Northeast “is quietly running out of diesel”

The upward pressure on diesel and jet fuel prices in particular is getting attention in the White House, Amrita Sen of Energy Aspects told Squawk Box yesterday. Diesel prices are up a whopping 75% from a year ago, and the spread between diesel and gasoline prices has also widened considerably. The high cost is creating huge strains on truckers and the supply chain; the Northeast “is quietly running out of diesel,” FreightWaves warned two weeks ago.

Even though there could be a historic supply crunch, we won’t completely run out of diesel fuel.

However, as I detailed in an article that has gone extremely viral, we are potentially facing really severe shortages of both diesel exhaust fluid and diesel engine oil if solutions cannot be found.

Urea is required to produce diesel exhaust fluid, and the U.S. doesn’t produce enough.  We are normally one of the largest importers of urea in the entire world, and Russia and China are two of the largest exporters.  Our leaders have decided that we don’t want urea from Russia, and China has restricted exports.

So that puts us in a really tough position.  If you have a diesel vehicle, I would highly recommend stocking up on diesel exhaust fluid while you still can.

As for diesel engine oil, there are several key additives that are in short supply right now due to major problems at several manufacturers.  An article that Mike Adams just posted goes into the details.  This is a very serious situation that is not going to be resolved any time in the near future.

The bottom line is that supplies of diesel fuel are going to get very tight, and there may be times when diesel exhaust fluid and diesel engine oil are not available at all.

All three are required in order for diesel vehicles to operate, and as I explained yesterday, the U.S. economy runs on diesel.

If we were suddenly unable to use our diesel vehicles, all of our supply chains would collapse and we would no longer have a functioning economy.

So hopefully our leaders are working really hard to find some solutions.

Because it looks like this summer could be quite difficult, and the outlook for the months beyond is even less promising.

***It is finally here! Michael’s new book entitled “7 Year Apocalypse” is now available in paperback and for the Kindle on Amazon.***

About the Author: My name is Michael and my brand new book entitled “7 Year Apocalypse” is now available on Amazon.com.  In addition to my new book I have written five other books that are available on Amazon.com including  “Lost Prophecies Of The Future Of America”“The Beginning Of The End”“Get Prepared Now”, and “Living A Life That Really Matters”. (#CommissionsEarned)  When you purchase any of these books you help to support the work that I am doing, and one way that you can really help is by sending digital copies as gifts through Amazon to family and friends.  Time is short, and I need help getting these warnings into the hands of as many people as possible.  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 Facebook and Twitter, and any way that you can share these articles with others is a great help.  These are such troubled times, and people need hope.  John 3:16 tells us about the hope that God has given us through Jesus Christ: “For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life.”  If you have not already done so, I strongly urge you to ask Jesus to be your Lord and Savior today.

A Warning About The Coming Shortages Of Diesel Fuel, Diesel Exhaust Fluid And Diesel Engine Oil

What I am about to share with you is a developing situation, and I hope to share more once the facts become clearer.  It appears that a very serious diesel crisis is coming in the months ahead, and that will have a dramatic impact on our economy.  As you will see below, we are being warned that there will be shortages of diesel fuel, diesel exhaust fluid and diesel engine oil.  Most diesel vehicles require all three in order to run, and so a serious shortage of any of them would be a major disaster.  Needless to say, simultaneous shortages of all three could potentially be catastrophic.  Most Americans don’t spend much time thinking about diesel, but without it our supply chains collapse and we don’t have a functioning economy.  In a recent Time Magazine article discussing the coming diesel fuel shortage, we are told that “the U.S. economy runs on diesel”…

Though most consumers shake their heads at the cost of gasoline and complain about the cost of filling up their car tanks, what they really should be worried about is the price of diesel. The U.S. economy runs on diesel. It’s what powers the container ships that bring goods from Asia and the trucks that collect goods from the ports and bring them to warehouses and then to your home. The farmers who grow the food you eat put diesel in their tractors to plow the fields, and the workers that bring construction equipment to build your home put diesel in their trucks.

Since January, supplies of diesel fuel have been steadily getting tighter.

As supplies have gotten tighter, prices have skyrocketed.  The average price of a gallon of diesel fuel hit $5.50 a gallon in early May, and it has remained above that level ever since.

One of the biggest reasons for the supply crunch is a serious lack of refining capacity.  Back in 1980, the U.S. had twice as many refineries

There are also fewer refineries, which process crude oil into diesel and other products, in the U.S. than were just a few years ago. There are just 124 now operating, down from twice as many in 1980, and down from 139 in 2016, according to the U.S. Energy Information Association. The northeast region is particularly spare, with just seven refineries today, down from 27 in 1982.

There have already been some temporary outages of diesel fuel at a few locations around the country, and we are being warned that disruptions are likely to intensify during the summer months.

But the good news is that we aren’t going to run out of diesel fuel.  It may become a lot more expensive, and there may be painful temporary shortages, but we won’t run out of it.

Unfortunately, the crisis that we are facing with diesel exhaust fluid is potentially much more serious.

If you have just been skimming this article, this is the part where you need to start really paying attention.

Newsweek is telling us that the United States “could soon experience a severe shortage of diesel exhaust fluid”…

The U.S. could soon experience a severe shortage of diesel exhaust fluid (DEF), impacting U.S. drivers already hit with soaring fuel prices.

DEF is a solution made up of urea and de-ionized water that is needed for almost everything that runs on diesel. It reduces harmful gases being released into the atmosphere and works by converting nitrogen oxide produced by diesel engines into nitrogen and steam.

If you have a diesel vehicle that was sold in the United States after 2010, your vehicle could technically run without DEF, but in most cases your vehicle will simply not let you start it if the DEF tank is dry

Can we call it a DEF jam? Everything is in short supply as supply chains continue to unlink. The latest commodity reportedly hit is DEF, or the blue diesel exhaust fluid that every diesel sold in the U.S. after 2010 needs to cut emissions. This means that every diesel truck, diesel RV, SUV, and car owner will likely have to look harder, and pay more for, DEF. A diesel engine can technically run without DEF, but your diesel vehicle likely won’t let you start it if the DEF tank is empty.

A lack of urea is the biggest reason for the growing shortage of DEF.

The United States is one of the largest importers of urea in the world, and Russia and China are two of the largest exporters.  In previous years that wasn’t a problem, but now the war in Ukraine has dramatically changed things

A major portion of our urea comes from Europe, and because of the war in Ukraine we’re seeing a shortage of it, according to Newsweek. Russia is one of the world’s major exporters of it. China, too, is a major exporter of it, and it has suspended exports. Weather, too, has caused supply chain disruptions. Since it’s also a major component in fertilizers, there’s intense competition for urea.

Without enough DEF, our economy is going to be in for a world of hurt.

Meanwhile, Mike Adams is reporting on the growing shortages of diesel engine oil that are starting to happen all over the nation…

Retailers, customers and distributors are all reporting shortages in diesel engine oil. This is not an imaginary problem, it is a real problem that is so far entirely ignored by the corporate media.

Apparently there are some diesel engine oil additives that are in extremely short supply, and one industry insider is telling us that this problem isn’t going to be resolved any time soon.

So what this means is that people are going to start running out of diesel engine oil.

In fact, it is already being reported that the trains in Sri Lanka will soon have to completely shut down because of a lack of diesel engine oil…

Sri Lanka Railways said that it will NOT be possible to operate trains in the future due to the lack of engine oil. A senior official at Sri Lanka Railways said that the current level of engine oil would only last for another two months.

That’s in line with the warning we’re hearing in the states: About 8 weeks of diesel engine oil remaining in the pipeline.

Just solving one of the shortages that I have described in this article will not be enough.

As I noted in the opening paragraph, a diesel vehicle requires diesel fuel, diesel exhaust fluid and diesel engine oil in order to operate.

You need all three.

This is a story that I will be following very closely.  Needless to say, there are enormous implications for our supply chains and for our economy as a whole if solutions cannot be found.

***It is finally here! Michael’s new book entitled “7 Year Apocalypse” is now available in paperback and for the Kindle on Amazon.***

About the Author: My name is Michael and my brand new book entitled “7 Year Apocalypse” is now available on Amazon.com.  In addition to my new book I have written five other books that are available on Amazon.com including  “Lost Prophecies Of The Future Of America”“The Beginning Of The End”“Get Prepared Now”, and “Living A Life That Really Matters”. (#CommissionsEarned)  When you purchase any of these books you help to support the work that I am doing, and one way that you can really help is by sending digital copies as gifts through Amazon to family and friends.  Time is short, and I need help getting these warnings into the hands of as many people as possible.  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 Facebook and Twitter, and any way that you can share these articles with others is a great help.  These are such troubled times, and people need hope.  John 3:16 tells us about the hope that God has given us through Jesus Christ: “For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life.”  If you have not already done so, I strongly urge you to ask Jesus to be your Lord and Savior today.

Disaster In The Heartland: Wheat Crops In Kansas Are Failing On A Massive Scale

Did you know that Kansas is known as “the Wheat State”?  In 2021, it produced nearly one-fourth of all wheat that was harvested in the United States.  Needless to say, we really need Kansas to come up big again this year because the war in Ukraine and a number of other factors have combined to bring us to the precipice of an absolutely horrifying global food crisis.  Unfortunately, things are not going well in Kansas this year.  In fact, wheat crops in much of the state are failing on a massive scale

This time of year, the wheat growing in this part of western Kansas should be thigh-high and lush green.

But as a months-long drought continues to parch the region, many fields tell a different story.

“There’s nothing out there. It’s dead,” farmer Vance Ehmke said, surveying a wheat field near his land in Lane County. “It’s just ankle-high straw.”

At this point, the U.S. Department of Agriculture is telling us that 41 percent of all wheat in Kansas is in “poor” or “very poor” condition.

The situation is particularly dire in the western portion of the state.  It is being reported that many fields of wheat in western Kansas now resemble “barren wastelands”

Across western Kansas, many fields planted with wheat months ago now look like barren wastelands. The gaping spaces between rows of brown, shriveled plants reveal hardened dirt that’s scarred with deep cracks from baking in the sun.

Of all the years for drought to hit western Kansas wheat farmers, it couldn’t have come at a worse time.

Even though the price of wheat has soared to crazy levels, it is being estimated that somewhere around 10 percent of all wheat fields in Kansas will not even grow enough crops to bother harvesting them.

That is really bad news, but the truth is that things are even worse in Colorado and Texas

To the west in Colorado, projections say nearly one-third of wheat fields won’t produce enough to bother harvesting. In Texas, around three-quarters of the crop will likely be abandoned.

Please read that again.

This is enormous news, and it is going to deeply affect all of us in the months ahead.

At the worst possible time, wheat crops are failing on a massive scale all over the western half of the nation.

We have been stuck in a pattern of drought that resembles the Dust Bowl days of the 1930s for many years now, and things are starting to happen which would have once been unthinkable.

Lake Mead and Lake Powell have both dropped to all-time record lows, and the drinking water for tens of millions of Americans is now in jeopardy.

I wish that more people would understand the gravity of what we are potentially facing.

Down in Mexico, residents of Monterrey are already being limited to six hours of water a day because shortages have already become so severe…

In the sprawling metropolitan area of Monterrey, home to some 5.3 million people, the drought and years of below-average rainfall have led to citywide water shortages.

“We’re in an extreme climate crisis,” Nuevo Leon Governor Samuel Garcia said at a news conference last week. “Today, we’re all living it and suffering.”

The city in June began limiting water access to six hours a day, forcing schools to adjust class schedules and sparking panic buying of bottled water that emptied supermarket shelves.

The western half of North America is in the midst of the worst multi-year drought that it has experienced in 1,200 years, and experts are telling us that it isn’t going to end any time soon.

Meanwhile, UN Deputy Secretary-General Amina Mohammed is warning us that the planet is potentially facing “a food crisis of global proportions” in 2023…

First, time is short to prevent a food crisis of global proportions next year. We must stabilize global markets, reduce volatility and tackle the uncertainty of commodity prices. There can be no effective solution to the global food crisis without reintegrating Ukraine’s food production, as well as the food and fertilizer produced by the Russian Federation into world markets — despite the war. To avert a food availability crisis in 2023, we must restore fertilizer availability, especially for smallholder farmers now.

Global food production is going to be way below expectations all over the world this year, and we really are heading into a nightmarish worldwide food crisis.

I hope that you are preparing accordingly.

Before I end this article, there is one more thing that I wanted to mention.

Authorities are telling us that an absolutely massive sunspot known as AR3038 “is now facing Earth”

An enormous sunspot that has doubled in size in only 24 hours is now facing Earth—meaning it could send a solar flare our way.

This particular sunspot has actually doubled in size for each of the past three days, and at this point it is approximately 2.5 times the size of our entire planet.

And we are being warned that it could “potentially send an M-class solar flare” directly at us…

“Yesterday, sunspot AR3038 was big. Today, it’s enormous,” reads the SpaceWeather.com website. “The fast-growing sunspot has doubled in size in only 24 hours.”

The magnetic field associated with the sunspot means it could potentially send an M-class solar flare at Earth—the second-strongest type. However, it is not known whether this will be the case.

Scientists are assuring us that we probably don’t have anything to be concerned about, and hopefully they are correct.

But let’s keep a close eye on this sunspot anyway.

As I have always warned, it is just a matter of time before another Carrington Event comes along.

We live during such unusual times, and things seem to be getting crazier with each passing week.

The “perfect storm” that so many have been warning about is now here, and the months ahead will be filled with chaos and uncertainty.

***It is finally here! Michael’s new book entitled “7 Year Apocalypse” is now available in paperback and for the Kindle on Amazon.***

About the Author: My name is Michael and my brand new book entitled “7 Year Apocalypse” is now available on Amazon.com.  In addition to my new book I have written five other books that are available on Amazon.com including  “Lost Prophecies Of The Future Of America”“The Beginning Of The End”“Get Prepared Now”, and “Living A Life That Really Matters”. (#CommissionsEarned)  When you purchase any of these books you help to support the work that I am doing, and one way that you can really help is by sending digital copies as gifts through Amazon to family and friends.  Time is short, and I need help getting these warnings into the hands of as many people as possible.  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 Facebook and Twitter, and any way that you can share these articles with others is a great help.  These are such troubled times, and people need hope.  John 3:16 tells us about the hope that God has given us through Jesus Christ: “For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life.”  If you have not already done so, I strongly urge you to ask Jesus to be your Lord and Savior today.

What Is Your Plan To Make It Through The Worst Global Food Crisis In Any Of Our Lifetimes?

We are being warned well ahead of time that it is coming.  Joe Biden has publicly admitted that the coming food shortages are “going to be real”, and the head of the UN World Food Program is now telling us that we could soon see “hell on Earth” because the lack of food will be so severe.  Food prices are already escalating dramatically all over the globe, and food riots have already erupted in Sri Lanka and elsewhere.  But most people in the western world are treating this crisis as if it is no big deal.  Many seem to assume that our leaders have everything under control and that things will work out just fine somehow.

Unfortunately, the truth is that everything is not going to be okay.

So far this year, the number of hungry people around the globe has risen to more than 800 million

Currently around 811 million people are experiencing hunger. Levels of food insecurity have doubled from 2019, increasing from 135 million to 276 million. Of this total around 48.9 million people are facing acute or emergency levels of food insecurity that require humanitarian intervention.

But this is just the tip of the iceberg.

Much worse is ahead, and David Beasley is openly warning that “hell on Earth” is coming…

The UN has warned that there could be “hell on earth” due to the global economic impacts of Russia’s invasion of Ukraine.

The Guardian reports that David Beasley, director of the UN World Food Programme (WFP), has said that the war has been “devastating” in conjunction with various other factors.

He said, “Even before the Ukraine crisis, we were facing an unprecedented global food crisis because of Covid and fuel price increases. Then, we thought it couldn’t get any worse, but this war has been devastating.”

According to Beasley, we will soon see “frightening” shortages of food, and those shortages could potentially spark civil unrest in literally dozens of different nations…

Dozens of countries risk protests, riots and political violence this year as food prices surge around the world, the head of the food-aid branch of the United Nations has warned.

Speaking in Ethiopia’s capital, Addis Ababa, on Thursday, David Beasley, director of the UN World Food Programme (WFP), said the world faced “frightening” shortages that could destabilise countries that depend on wheat exports from Ukraine and Russia.

But most Americans are not paying much attention to this rapidly growing crisis because they don’t think that it will really impact them personally.

For the vast majority of us, a lack of food is something that we have never had to be concerned about before.

During “normal” times, we could always go to the grocery store and fill up our carts with mountains of super cheap food whenever we wanted.

Unfortunately, things have changed.  Food production in the U.S. is going to be way below expectations this year, and the head of the National Black Farmers Association claims that we will soon see “a lot of empty shelves and a lot more high food prices”

Three weeks ago John Boyd Jr., the President of the National Black Farmers Association, said “We are in a crisis right now as far as the food chain goes with the farmer in this country,” adding “We’re going to see a lot of empty shelves and a lot more high food prices.” 

In his forty-year career as a farmer, Boyd said he never imagined he would be “paying $5.63 for a gallon of diesel fuel, $900 a ton for fertilizer, and all-time high prices for soybean seeds.” All of the prices he mentioned are at record highs, pressuring farmers’ margins.

Of course we are already seeing widespread shortages of certain products around the country.

For example, Fox Business is reporting on the serious shortage of tampons that has recently started making headlines…

A spokesperson for Tampax, which is owned by P&G, told FOX Business in a statement that this is “a temporary situation, and the Tampax team is producing tampons 24/7 to meet the increased demand for our products.”

Meanwhile, the ongoing shortage of baby formula just keeps getting even worse...

Parents aren’t getting much of a break as the out-of-stock rate for baby formula rose to 73% nationwide for the week ending May 29, according to the most recent data by retail data firm Datasembly. It’s a significant increase from earlier in the month, when the national out-of-stock rate for baby formula stood at 45%.

On top of everything else, we are now facing a shortage of hot sauce

In April, Huy Fong Foods, Inc., the nation’s leading sriracha sauce manufacturer, sent a letter to customers about an impending shortage, which would directly impact retailers and restaurants.

“Unfortunately, we can confirm that there is an unprecedented shortage of our products,” Huy Fong Foods told Fox News Digital in an email.

These shortages are just a very small preview of what is approaching.

As I have been warning on my website throughout 2022, conditions are going to deteriorate quite a bit more in the months ahead.

So what is your plan to make it through the worst global food crisis in any of our lifetimes?

Have you been stocking up?

Earlier this year, I published a list of 50 basic items that I would recommend having on hand.  The following list is certainly not exhaustive, but it will help you cover many of the essentials…

#1 A Generator

#2 A Berkey Water Filter

#3 A Rainwater Collection System If You Do Not Have A Natural Supply Of Water Near Your Home

#4 An Emergency Medical Kit

#5 Rice

#6 Pasta

#7 Canned Soup

#8 Canned Vegetables

#9 Canned Fruit

#10 Canned Chicken

#11 Jars Of Peanut Butter

#12 Salt

#13 Sugar

#14 Powdered Milk

#15 Bags Of Flour

#16 Yeast

#17 Lots Of Extra Coffee (If You Drink It)

#18 Buckets Of Long-Term Storable Food

#19 Extra Vitamins

#20 Lighters Or Matches

#21 Candles

#22 Flashlights Or Lanterns

#23 Plenty Of Wood To Burn

#24 Extra Blankets

#25 Extra Sleeping Bags

#26 A Sun Oven

#27 An Extra Fan If You Live In A Hot Climate

#28 Hand Sanitizer

#29 Toilet Paper

#30 Extra Soap And Shampoo

#31 Extra Toothpaste

#32 Extra Razors

#33 Bottles Of Bleach

#34 A Battery-Powered Radio

#35 Extra Batteries

#36 Solar Chargers

#37 Trash Bags

#38 Tarps

#39 A Pocket Knife

#40 A Hammer

#41 An Axe

#42 A Shovel

#43 Work Gloves

#44 N95 Masks

#45 Seeds For A Garden

#46 Canning Jars

#47 Extra Supplies For Your Pets

#48 An Emergency Supply Of Cash

#49 Bibles For Every Member Of Your Family

#50 A “Bug Out Bag” For Every Member Of Your Family

Many of the items on this list are now much more expensive than they were earlier this year.

And if you wait, many of them will continue to become much more expensive.

If you don’t like my list, come up with your own.

The important thing is to have a plan.

Global events are really starting to spiral out of control, and I expect the second half of this year to be even more chaotic than the first half of this year has been.

***It is finally here! Michael’s new book entitled “7 Year Apocalypse” is now available in paperback and for the Kindle on Amazon.***

About the Author: My name is Michael and my brand new book entitled “7 Year Apocalypse” is now available on Amazon.com.  In addition to my new book I have written five other books that are available on Amazon.com including  “Lost Prophecies Of The Future Of America”“The Beginning Of The End”“Get Prepared Now”, and “Living A Life That Really Matters”. (#CommissionsEarned)  When you purchase any of these books you help to support the work that I am doing, and one way that you can really help is by sending digital copies as gifts through Amazon to family and friends.  Time is short, and I need help getting these warnings into the hands of as many people as possible.  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 Facebook and Twitter, and any way that you can share these articles with others is a great help.  These are such troubled times, and people need hope.  John 3:16 tells us about the hope that God has given us through Jesus Christ: “For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life.”  If you have not already done so, I strongly urge you to ask Jesus to be your Lord and Savior today.

We Haven’t Seen Carnage Like This Since 2008

Trillions of dollars in market wealth has already been wiped out, and investors are bracing for a chaotic second half of 2022.  We truly haven’t seen anything like this since the financial crisis of 2008.  The early months of 2020 were volatile due to the eruption of the COVID pandemic, but the Federal Reserve quickly rushed to the rescue.  The Fed poured trillions of dollars into the system, and that spurred a rally that was absolutely breathtaking.  But this time around the Fed isn’t going to be riding to the rescue any time soon.  The Fed is committed to raising interest rates in a desperate attempt to get inflation under control, and the size of the Fed balance sheet is now being reduced.  So there will be no artificial life support for the financial markets for the foreseeable future, and that is really bad news for those that are seeing their portfolios get absolutely monkey-hammered.

Things have been particularly brutal for crypto investors.

Last November, the total global market cap for all cryptocurrencies peaked out at about 3.1 trillion dollars.

Over the weekend, the total global market cap for all cryptocurrencies actually dipped below 850 billion dollars

The crypto market suffered one of its most dramatic selloffs in years this week as the prices of top cryptocurrencies declined as much as 35% week-over-week as fears of a broad economic recession intensified.

On Saturday, the total global market cap of cryptocurrencies sank below $850 billion as top tokens tumbled.

Poof.

More than two-thirds of all “crypto wealth” is already gone.

CNBC is using the word “carnage” to describe what we have been witnessing in the crypto industry, and I think that fits the nightmare that is currently unfolding quite well…

Carnage in the crypto market won’t let up, as token prices plummet, companies lay off employees in waves, and some of the most popular names in the industry go belly up. The chaos has spooked investors, erasing more than $2 trillion in value in a matter of months — and wiping out the life savings of retail traders who bet big on crypto projects billed as safe investments.

It has been estimated that 16 percent of all U.S. adults either own or have owned a cryptocurrency.

So a whole lot of people out there are really hurting right now.

Last November, the price of Bitcoin peaked at $68,789.63.

As I write this article, it is sitting at $20,170.10.

Last November, the price of Ethereum peaked at $4,891.70.

As I write this article, it is sitting at $1,093.40.

I feel really sorry for those that decided to pour their money into cryptos near the peak.

Stock investors are also getting pummeled these days.

In fact, U.S. retirement accounts have already declined in value by almost three trillion dollars thanks to rapidly falling stock prices…

The U.S. stock market rout that has put U.S. equities in a bear market isn’t just reducing the net worth of billionaires like Elon Musk and Jeff Bezos. It’s also taking a toll on Americans’ retirement savings, wiping out trillions of dollars in value.

The selloff has erased nearly $3 trillion from U.S. retirement accounts, according to Alicia Munnell, director of the Center for Retirement Research at Boston College. By her calculations, 401(k) plan participants have lost about $1.4 trillion from their accounts since the end of 2021. People with IRAs — most of which are 401(k) rollovers — have lost $2 trillion this year.

Stocks have just kept falling and falling and falling.

In fact, the S&P 500 has fallen for 10 of the last 11 weeks

The S&P 500 posted its 10th down week in the last 11, and is now well into a bear market. On Thursday, all 11 of its sectors closed more than 10% below their recent highs. The Dow Jones Industrial Average fell below 30,000 for the first time since January 2021 this past week.

Cryptos have already collapsed, but stocks theoretically still have a ton of room to keep falling.

There are some that are speculating about what will happen if the Dow drops all the way to 20,000, and that would definitely be a crash of historic proportions.

Of course the housing market is much larger than the stock market, and that is starting to implode too.

If you can believe it, the total value of the U.S. housing market was valued at 43.4 trillion dollars earlier this year.

Unfortunately, mortgage rates are absolutely skyrocketing and that is going to change everything.

According to Redfin, home sellers are already dropping their prices at a rate that we have never seen before…

The highest share of sellers on record dropped their list price during the four weeks ending June 12 as mortgage rates shot up to levels not seen since 2008, dwindling the pool of home shoppers.

It is being reported that in some areas of the country home prices have already been reduced by as much as 20 percent.

And this implosion is likely to accelerate as the Federal Reserve just pushes interest rates higher and higher and higher.

How long will it be before millions upon millions of U.S. homeowners are underwater on their mortgages just like we saw in 2008?

As I warned last week, those that do not learn from history are likely to end up repeating it.

The U.S. economy was almost certainly heading into a recession anyway, but now a crypto crash, a stock market crash and a housing crash all at the same time will accelerate matters greatly.

According to one recent survey, 60 percent of corporate executives expect a recession to begin “in the next 12 to 18 months”

More than 60% of executives expect a recession in the next 12 to 18 months, according to a survey of CEOs and other C-suite executives conducted by the Conference Board, a business research firm. That’s a stunning increase from the end of 2021, when just 22% of executives forecast a recession.

Sadly, we aren’t going to have to wait that long.

As I detailed last week, there are lots of numbers that indicate that a major economic downturn is already here.

It is time to batten down the hatches, because a “perfect storm” has arrived.

Global events are accelerating at a frightening pace, and the months ahead are not going to be pleasant.

***It is finally here! Michael’s new book entitled “7 Year Apocalypse” is now available in paperback and for the Kindle on Amazon.***

About the Author: My name is Michael and my brand new book entitled “7 Year Apocalypse” is now available on Amazon.com.  In addition to my new book I have written five other books that are available on Amazon.com including  “Lost Prophecies Of The Future Of America”“The Beginning Of The End”“Get Prepared Now”, and “Living A Life That Really Matters”. (#CommissionsEarned)  When you purchase any of these books you help to support the work that I am doing, and one way that you can really help is by sending digital copies as gifts through Amazon to family and friends.  Time is short, and I need help getting these warnings into the hands of as many people as possible.  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 Facebook and Twitter, and any way that you can share these articles with others is a great help.  These are such troubled times, and people need hope.  John 3:16 tells us about the hope that God has given us through Jesus Christ: “For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life.”  If you have not already done so, I strongly urge you to ask Jesus to be your Lord and Savior today.

“The Economy Is Going To Collapse” – Here Are 18 Signs That The Economic Meltdown We Have Been Waiting For Has Already Begun

In all my years of writing, I have never seen more economic pessimism than I am seeing right now.  Over the past couple of months there has been a monumental shift in public sentiment, and now just about everyone realizes that we are heading into very troubled economic times.  Of course there were still a few economic optimists that were searching for a ray of hope, but the Federal Reserve left no room for optimism when it announced the largest interest rate hike in 28 years on Wednesday.  When the Fed aggressively raised rates in the early 1980s, it resulted in one of the most painful recessions in American history.  Unfortunately, many believe that what is ahead of us is going to be even worse.

For example, legendary Wall Street investor Michael Novogratz is openly warning that “the economy is going to collapse”

“The economy is going to collapse,” he told MarketWatch. “We are going to go into a really fast recession, and you can see that in lots of ways,” he added.

“Housing is starting to roll over,” he said. “Inventories have exploded. There are layoffs in multiple industries, and the Fed is stuck [with a position of having to] hike [interest rates] until inflation rolls over.”

Novogratz is correct, but I think that it would be more accurate to say that “the economy is already starting to collapse”.  The following are 18 signs that the economic meltdown we have been waiting for has already begun…

#1 Stock prices have been plummeting in recent weeks, and that has resulted in almost 3 trillion dollars being erased from retirement accounts in the United States…

The U.S. stock market rout that has put U.S. equities in a bear market isn’t just reducing the net worth of billionaires like Elon Musk and Jeff Bezos. It’s also taking a toll on Americans’ retirement savings, wiping out trillions of dollars in value.

The selloff has erased nearly $3 trillion from U.S. retirement accounts, according to Alicia Munnell, director of the Center for Retirement Research at Boston College. By her calculations, 401(k) plan participants have lost about $1.4 trillion from their accounts since the end of 2021. People with IRAs — most of which are 401(k) rollovers — have lost $2 trillion this year.

#2 The Dow Jones Industrial Average fell beneath the psychologically important 30,000 barrier for the first time in more than a year on Thursday.  If it cannot return to that level within the next few trading sessions, a lot of investors are really going to start to panic.

#3 The Dow is now down 19 percent from the all-time high.

#4 The S&P 500 is now down 24 percent from the all-time high.

#5 The Nasdaq is now down 34 percent from the all-time high.  Just think about that for a moment.  A third of the value of the Nasdaq has already been wiped out.

#6 Two-thirds of the value of all cryptocurrencies has already been wiped out since the peak of the market.  Last November, the total value of all cryptocurrencies had soared past the three trillion dollar mark.  As I write this article, that number has fallen to less than a trillion.

#7 This week we witnessed the fastest rise in mortgage rates since 1987.  Needless to say, this is going to absolutely devastate the housing market…

Mortgage buyer Freddie Mac said Thursday that the average rate on the 30-year loan this week rose to 5.78% from 5.23%, the latest in a series of rapid increases and the biggest one-week jump since 1987. The rate is well above the 2.93% recorded just one year ago and marks the steepest level since November 2008.

#8 The largest percentage of sellers ever recorded reduced the list price on their homes during the four week period ending June 12th.

#9 In some parts of the nation, home prices have already fallen by as much as 20 percent.

#10 Compared to the same period a year ago, the total number of mortgage applications was down 52.7 percent last week.

#11 We just learned that housing starts in the U.S. fell 14.4 percent in May.

#12 The number of permits for the construction of new homes was down 7 percent in May.

#13 Wholesale prices continue to accelerate at a very alarming pace

Wholesale prices rose at a brisk pace in May as inflation pressures mounted on the U.S. economy, the Bureau of Labor Statistics reported Tuesday.

The producer price index, a measure of the prices paid to producers of goods and services, rose 0.8% for the month and 10.8% over the past year. The monthly rise was in line with Dow Jones estimates and a doubling of the 0.4% pace in April.

#14 The Atlanta Fed’s GDPNow tracker is now projecting that economic growth during the second quarter will be 0 percent.

#15 The Philadelphia Fed Business Index came in at a negative 3.3 reading for the month of June.  This represents the first contraction since the early days of the COVID pandemic.

#16 One recent survey discovered that small business owners are “feeling their gloomiest in nearly five decades”.

#17 At this point, 59 percent of manufacturers in the United States believe that a recession is coming.

#18 Bloomberg is projecting that the probability of a recession during the next 24 months is 98.5 percent.

But this was not supposed to happen.

Last year, the talking heads on television assured us that a golden new age of prosperity was just around the corner and that the stock market could just keep going up indefinitely.

In fact, many of those talking heads were telling us things that now look completely and utterly ridiculous in retrospect.

Our leaders thought that they could defy the laws of economics, and for a while their “economic voodoo” seemed to be working.

But the truth is that every time they kicked the can down the road they just made our long-term problems even worse.

Now we have reached a point where the immediate future looks extremely bleak, and the outlook for our long-term future is absolutely nightmarish.

If we would have made much different decisions along the way, we would not be facing such a horrifying crisis today.

Unfortunately, what is done is done, and now we get to reap the consequences for the very foolish decisions that our leaders have been making.

***It is finally here! Michael’s new book entitled “7 Year Apocalypse” is now available in paperback and for the Kindle on Amazon.***

About the Author: My name is Michael and my brand new book entitled “7 Year Apocalypse” is now available on Amazon.com.  In addition to my new book I have written five other books that are available on Amazon.com including  “Lost Prophecies Of The Future Of America”“The Beginning Of The End”“Get Prepared Now”, and “Living A Life That Really Matters”. (#CommissionsEarned)  When you purchase any of these books you help to support the work that I am doing, and one way that you can really help is by sending digital copies as gifts through Amazon to family and friends.  Time is short, and I need help getting these warnings into the hands of as many people as possible.  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 Facebook and Twitter, and any way that you can share these articles with others is a great help.  These are such troubled times, and people need hope.  John 3:16 tells us about the hope that God has given us through Jesus Christ: “For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life.”  If you have not already done so, I strongly urge you to ask Jesus to be your Lord and Savior today.