I Feel Like I Am Living In Crazytown

We haven’t had an extended bout of painful inflation like this since the days of the Carter administration, and our leaders in Washington have decided that the best way forward is to rapidly create even more inflation.  They keep using words like “transitory” to describe the current inflation crisis, but then they turn right around and talk about the need to create, borrow and spend even more money.  It is utter madness, but at this point there is nobody that is going to stop them.  We are all passengers on a “highway to Weimar”, and those that have their hands on the wheel have gone completely nuts.

On Wednesday, we learned that on a year-over-year basis inflation continues to rise at the fastest pace that we have seen since the last financial crisis

Federal data released on Wednesday showed that for the 12 months through July, the consumer price index rose 5.4 percent, unchanged from June and at the highest level since the Great Recession in 2008.

But since the way that the rate of inflation is calculated has literally been changed dozens of times over the decades, the only way to get an apples for apples comparison is to calculate what the rate of inflation would be if it was still calculated the same way it was at some previous moment in our history.

John Williams of shadowstats.com has done just that.  According to Williams, if inflation was still calculated the same way it was back in 1990, we would be at about 9 percent at this moment.

And if inflation was still calculated the same way it was back in 1980, we would be way into double digits right now.

Many Americans had assumed that we would never again see the sort of crazy inflation that we witnessed during the Carter years, but now it is here.

In particular, food prices, gas prices and vehicle prices are rapidly becoming quite painful

New vehicle prices rose 6.4 percent on the year, the largest 12-month increase since the period ending January 1982. Gasoline was also up 42 percent.

The prices of many everyday items have jumped sharply in the past year. Bacon was up 11 percent and whole milk and beef roast were both 8 percent higher on the year.

Travel expenses jumped hugely from last summer’s depressed base level, with hotels up 24 percent and airfare up 19 percent.

Needless to say, this is having a substantial impact on our standard of living.

Even though wages are rising, they aren’t rising nearly as fast as the cost of living is…

It is getting harder and harder for American workers to make ends meet as rising inflation outpaces pay gains, pushing down inflation-adjusted compensation at a pace almost never seen before.

Adjusted for inflation, hourly compensation fell 2.7 percent in the second quarter, data released by the Bureau of Labor Statistics on the nonfarm business sector showed Tuesday.

Inflation is a tax on all of us, and it is going to whittle down the size of the middle class with each passing month.

And this is just the beginning.  In recent days, many corporate executives have been very vocal about the fact that more price hikes are ahead.

For example, Shake Shack has publicly announced that another round of price increases is incoming

The popular burger chain Shake Shack announced it will be implementing yet another price hike in 2021 to fight inflation.

During a conference call with analysts last week, Shake Shack’s chief financial officer Katherine Fogerty said customers will be paying three to 3.5 percent more for their food in the fourth quarter of 2021.

And the CEO of Tyson Foods is warning that costs keep rising even more quickly than his company can raise prices for consumers…

Tyson Foods Inc., the top chicken producer in the U.S., confirmed in an earnings call that food inflation continues to push prices higher.

Tyson’s CEO Donnie King said higher costs are hitting the firm faster than the company can lift prices, and retail prices are set to rise on Sept. 5.

My friends, this is going to get bad.

Really bad.

So what are our leaders doing in response?

Well, they have decided to create, borrow and spend even more money.

In fact, the Senate just passed a 1.2 trillion dollar infrastructure package and then immediately began working on a 3.5 trillion dollar spending package

The Senate on Tuesday passed a $1 trillion infrastructure package and sent it to the House for consideration. The upper chamber then started work on a second $3.5 trillion package of further government spending. President Joe Biden will have to knit his party together to pass the larger measure. Already moderates like Sen. Joe Manchin, a West Virginia Democrat, have voiced concern about the impact of the $3.5 trillion measure on the $29 trillion national debt.

I feel like I am living in Crazytown.

They know that they are causing inflation, but they just can’t help themselves.

At this point, even a top Democrat is warning that there will be “grave consequences”

U.S. Democratic Senator Joe Manchin on Wednesday said he had “serious concerns” about Senate Democrats’ planned $3.5 trillion spending plan, potentially gumming up efforts to move ahead with President Joe Biden’s top priorities.

Manchin, in a statement, said that although he voted to move ahead and debate the plan, he was worried about the “grave consequences” of such spending on the nation’s debt as well as the country’s ability to respond to other potential crises.

But even though some of our politicians may pay lip service to fiscal responsibility once in a while, in the end most of them just keep voting for these insane spending packages.

So what can we do?

I often say that we should “hope for the best and prepare for the worst”, but in this case there is no hoping for the best.

We know what they are going to do, and we know where this road leads.

So my recommendation is to prepare for the worst, and then do some more preparing, because things will eventually get really, really bad.

Congress is going to pass wild spending package after wild spending package, and the Fed is just going to continue to pump billions upon billions of fresh dollars into the financial system.

This is the greatest financial bubble in the history of the world, and it will be fascinating to watch how long it can last before it finally implodes.

***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 Snyder 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 others 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)  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 Facebook and Twitter, 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 Are Taking On Debt As If Tomorrow Will Never Come

If you make a conscious choice to ignore all long-term consequences, managing your personal finances can be a lot of fun.  For example, instead of rationally evaluating what sort of mortgage payment you can actually afford, why not take a plunge and buy a $600,000 house?  You only live once, right?  And instead of making your current dumpy vehicle last another year or two, why not take out a huge loan on a brand new $60,000 SUV?  You know you deserve it.  While you are at it, why don’t you go on another huge spending spree and max out all of your credit cards again.  Paying off those credit cards will be very painful in the long run, but nobody thinks much about long-term consequences these days.

Just look at the federal government.  They are 28 trillion dollars in debt and yet our politicians continue to throw money around like a bunch of drunken sailors.

Of course the federal government is far from alone.  State and local governments have never been so deep in debt, we are in the midst of the greatest corporate debt binge of all time, and U.S. consumers are certainly doing their part.  In fact, last quarter we witnessed the largest increase in consumer debt since just before the last financial crisis

Americans have more debt than ever before.

A surge in credit card spending and home purchases caused US household debt to increase by $313 billion, or 2.1%, in the second quarter, according to the Federal Reserve Bank of New York.
That’s the largest nominal jump since 2007 and the biggest percentage increase in seven and a half years.

Overall, U.S. consumers are now $14,960,000,000,000 in debt.

We will shortly hit the 15 trillion dollar mark, and I think that we should commemorate the crossing of that threshold with some sort of celebration.

Of course any celebration should involve going into even more debt, because there are few things that Americans enjoy more than getting even deeper into debt.

Mortgage debt is rising particularly quickly.  Housing prices have been going through the roof recently, and this has created a frenzy on a scale that we haven’t seen since just before the subprime mortgage meltdown of 2008…

Mortgage debt, the single biggest contributor to overall household debt, rose $282 billion to $10.44 trillion. A whopping 44% of the outstanding balances were originated over the past year, accounting for both new mortgages and refinancings.

But even though the US housing market is red hot and borrowing to purchase homes is through the roof, “there are still 2 million borrowers in mortgage forbearance who are vulnerable to financial distress once the forbearance programs come to an end,” said Joelle Scally administrator of the Center of Microeconomic Data at the New York Fed.

Is it just me, or does it seem like we have been here before?

All of this just seems so oddly familiar.

Of course the experts are assuring us that this even bigger housing bubble will end so much more nicely than the last one did.

You believe them, don’t you?

After being showered with trillions upon trillions of dollars by the federal government, you would think that most Americans should be in pretty good financial condition these days.

Unfortunately, it turns out that all of that money just made the gap between the wealthy and the rest of us even larger

Americans added nearly $4 trillion to their savings during the coronavirus pandemic, but most of the gains went to the wealthy, according to a new study.

Stimulus checks, rising stock markets and fewer spending choices led to a massive savings boom over the past year, with Americans saving about $3.7 trillion, according to a study from Oxford Economics. Yet 70% of the gain went to the wealthiest 20% of Americans, the study found.

As I discussed the other day, there are millions and millions of Americans that were in danger of being thrown out into the streets once the eviction moratorium ended, but now Joe Biden has decided to come to the rescue

President Joe Biden’s administration Tuesday issued a targeted moratorium on evictions in areas hardest hit by COVID-19, replacing a nationwide evictions freeze that expired Saturday despite legal concerns about doing so unilaterally.

The new action, in effect for 60 days, bans evictions in counties with high rates of COVID-19 transmission, reflecting where the Centers for Disease Control and Prevention recommends vaccinated residents mask indoors and in public settings.

But is this legal?

After all, we have already seen several courts rule on this, and they have said that it isn’t.

Well, just like any good career politician, Biden isn’t going to let a little thing like “legality” stand in the way

The president said he sought input from constitutional scholars to determine whether the CDC had the legal authority to issue a new evictions action but it was unclear whether it could pass constitutional muster.

“There are several key scholars who think that it may, and it’s worth the effort,” Biden said.

Biden says that even if the courts strike this new moratorium down, it will buy some time for his administration to get aid money to those that need it.

Needless to say, what Biden has decided to do has absolutely horrified those that still actually have respect for the U.S. Constitution.  Here is an excerpt from Jonathan Turley’s reaction

…What was astonishing is that Biden acknowledged that it is still likely unconstitutional but that they could tie it up in courts to get the money out in the interim…

Sadly, Biden’s approach is typical of how most Americans deal with things.

Most of us do whatever we feel like doing in the moment, and we don’t really give too much consideration to the long-term consequences.

Let us party today, because tomorrow is not guaranteed for any of us!

Of course the truth is that “tomorrow” always arrives eventually, and our “tomorrow” is going to be more painful than most people would dare to imagine.

But for the moment, the consequences of our actions have not caught up with us quite yet, and so it is still party time.

Most Americans fully intend to enjoy this party for as long as they possibly can, but at this point time is not on our side.

***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 Snyder 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 others 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)  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 Facebook and Twitter, 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.

More Cowbell! Federal Reserve Officials Decide That More Inflation Is The Answer

Someone please make the madness stop.  Many years ago, when Saturday Night Live was still actually funny, comedian Will Ferrell starred in a skit that was entitled “More Cowbell”.  To this day, it remains one of the most famous skits in comedy history, and that is because it was absolutely hilarious.  If you have never seen it, you can find it right here.  Unfortunately for all of us, the Federal Reserve is now doing their own version of “More Cowbell”, but it isn’t funny at all.  At this point, Fed officials sound like a broken record, because month after month they just keep telling us that the answer to our growing economic problems is even more inflation.  They have completely gone off the deep end, but since most Americans are illiterate when it comes to economics hardly anyone is objecting.

Earlier today, I received an alarming email from one of my readers.  This particular reader was quite alarmed that the price of her favorite juice just went up three dollars, and I would have loved to tell her that these price increases are just “temporary” and that everything will go back to normal soon.

But I couldn’t do that, because that isn’t the truth.

On Wednesday, Fed officials once again voted to continue flooding the financial system with giant mountains of fresh cash

The Federal Reserve open market committee has voted unanimously to continue the central bank’s easy money policies, again dismissing soaring inflation as ‘transitory’ and saying COVID-19 still poses risks to the economy.

The 11-member committee voted on Wednesday to keep the federal funds rate near zero and continue flooding the market with money through massive bond purchases ‘until substantial further progress’ is made on boosting employment.

“$120 billion a month in bond purchases” may sound boring to most Americans, but if people really understood what this was doing to our standard of living they would be protesting in the streets tomorrow morning.

On average, the Federal Reserve is pumping more than a billion dollars into our financial system every single hour.

This sort of thing is only supposed to be done during a major emergency.  The very first time that “quantitative easing” was used on a large scale was during the last financial crisis, and now it has basically become something that the Fed just does all the time.

As I discussed yesterday, the size of the Fed balance sheet has roughly doubled during this pandemic.  Of course this was going to cause inflation to spike.

On Wednesday, Fed Chair Jerome Powell openly admitted that “inflation could turn out to be higher and more persistent than we expected”.

Ya think?

But Powell also continued to insist that in the long-term inflation would go back down to 2 percent

Indicators of long-term inflation expectations appear broadly consistent with our longer-run inflation goal of 2%. If we saw signs that the path of inflation or longer-term inflation expectations were moving materially and persistently beyond levels consistent with our goal, we’d be prepared to adjust the stance of policy.

What in the world is he smoking?

Does he actually believe that we can flood the system with trillions and trillions of fresh dollars and keep inflation down to about 2 percent at the same time?

If so, he should see a mental health professional immediately.

Right now, prices are skyrocketing all around us.  Earlier today, I came across an article that discussed how farmers are hurting because the price of hay has gone up by about 20 percent

Local prices for large bales of hay — small bales are significantly more expensive — are shaping up to be around $210 a ton, DeRuwe said, around 20% more than the average year.

Yesterday, I discussed the fact that home prices are up 23 percent over the past year.

Apparently home prices are not yet high enough, because Fed officials want to flood the system with even more money.

Used car prices are up more than 45 percent over the past year.  In many cases, used cars are now selling for more than they were when they were brand new.

What we are now witnessing is completely and utterly insane, but the Fed is not the only one to blame.

Our politicians in Washington have been spending money like mad, and now another gigantic spending package is being discussed.

Fortunately, there is at least one Democrat in the Senate that thinks that Joe Biden’s 3.5 trillion dollar infrastructure package is just too big…

Sen. Kyrsten Sinema of Arizona on Wednesday came out in opposition to Democrats’ $3.5 trillion spending blueprint, virtually ensuring her party would be forced to make substantial cuts to get her on board.

In a statement to The Arizona Republic, the moderate Democrat said while she supported efforts to bolster the country’s economic competitiveness in an infrastructure plan, she believed the bill was too large.

In the end, we may see a package that is only about a trillion dollars in size.

But that is still utter madness.

Since the start of the pandemic, we have increased the size of our national debt by five trillion dollars, and now our politicians in Washington want to borrow and spend more giant mountains of money.

Earlier today, I came across an article about a “two-headed snake”

An incredible video captures the moment a two-headed snake called Ben and Jerry devours two mice in each of is fanged mouths.

Reptile enthusiast Brian Barczyk shared the clip to his Instagram account, which shows each of the heads slowly chomping down on a pair of dead mice.

The two-headed reptile is the result of a phenomenon known as bicephaly, which occurs from the incomplete splitting of an embryo.

When I read that, I immediately thought about our current situation.

These days, the Federal Reserve and our politicians in Washington have become a “two-headed snake” that is relentlessly devouring our financial future.

If we stay on the path that we are on, there is no future for our country.

But it has become obvious that our leaders are not going to change.

Every time a new crisis erupts, their “solution” will be to create, borrow and spend even more money.

This “More Cowbell” approach to managing the economy is literally insane, but there will be no turning back now.

***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 Snyder 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 others 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)  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 Facebook and Twitter, 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.

Inflation Shock: Are You Ready To Start Paying “$40 Or $50” For A Hamburger?

After decades of living in a relatively low inflation environment, it is hard for most Americans to believe that things have gotten so bad so quickly.  In fact, even though I write about this stuff almost every day, it is hard for me to believe it.  We are watching prices spiral out of control all over the nation, and we know precisely who is to blame.  During the pandemic, our politicians in Washington have been borrowing and spending money at an unprecedented rate, and this has pushed our national debt up to 28 trillion dollars.  Meanwhile, the Federal Reserve has been pumping trillions of fresh dollars into our financial system, and this has resulted in the Fed balance sheet nearly doubling over the course of this pandemic.  I have used the term “economic malpractice” to describe what our leaders are doing, but it is actually far worse than that.  They are literally in the process of destroying our economy, and even after so many experts have pointed out their colossal errors they still won’t stop.  They just keep creating more money, and now we have a horrific inflation crisis on our hands.

Following Joe Biden’s town hall on Wednesday night, the Daily Mail spoke to a restaurant manager in Manhattan named John Stratidis.  According to Stratidis, rising costs and rising wages will mean that consumers will have to pay more for their meals.  In fact, he is warning that New Yorkers could end up “paying $40 or $50 for a hamburger”

‘When minimum wage goes up, who do you think is going to pay for that? The customer. Everything is going to go up just to be able to stay in business. When we give more money, the prices go up and when the prices go up who’s going to pay for that?

‘They’re going to be crying about it, and saying “it’s too expensive”. That’s inflation. You’re going to be walking in somewhere to eat something and paying $40 or $50 for a hamburger.’

Obviously, we aren’t at that point yet.

But if we stay on the path that we are currently on, we will eventually get there.

In some tourist traps, prices for burgers are already completely insane.  For example, one Las Vegas restaurant is now selling a burger that costs $100

Located on the casino floor and a few steps from the poker lounge, Posh Burger offers seven burger choices, ranging from a $12 traditional hamburger to a $23 half-pound “super deluxe” waygyu steak burger, plus the option of a $16 vegetarian Impossible burger.

For diners looking to play out their high roller fantasies, an eye-catching $100 menu highlight is dubbed the Posh Royale Burger and created with wagyu beef, truffle, foie gras, gold dust, a garnish of lettuce, tomato, onion, pickles, and the secret Posh sauce.

That is crazy, but that isn’t even the most expensive burger around.

In the Netherlands, one luxury chef is actually selling a burger for $6,000.

I still remember the days when you could get a nice, thick fancy burger with all of the fixings for less than a dollar.

Sadly, those days are long gone, and food prices are now rising at a frightening pace all over the country.

The other day, billionaire John Catsimatidis made headlines when he warned that there would be a double digit spike in food prices “by October first”

Catsimatidis said that he expects a 10 to 14% spike in food prices by October first.

FOX Business’ Ashley Webster asked Catsimatidis if he is going to be forced to pass the extra costs onto consumers.

“You have to pass it on otherwise you’re not doing your duty to guard your country, your employees and your company,” he responded.

But at least housing is still affordable, right?

Actually, CNN is reporting that home prices are 23 percent higher than they were at the same time a year ago…

The median price for an existing home in June hit an all-time high of $363,300, up 23% over last year. That marks 112 straight months of year-over-year gains.

23 percent in one year!

Has your paycheck gone up by 23 percent over the past year?

If not, you are rapidly losing ground.

Renters are not faring much better.  In some of the hottest rental markets around the country, rents have risen by more than 20 percent.  The following example comes from the New York Times

Kaitlin Cindrich is facing a $200 monthly increase in rent this August if she and her husband can renew their apartment lease in Provo, Utah. That 25 percent jump is not something she expected, and the 21-year-old fears she may have to skip doctor appointments for her autoimmune disease to keep up with the payments.

Still, she acknowledges there isn’t much choice but to pay more. “We are hoping to stay because everything is so expensive right now that I would be paying the same whether I’m here or somewhere else,” Ms. Cindrich said.

Some markets are seeing more moderate increases, but overall we have seen rental prices increase by 9.2 percent up to this point in 2021…

Data from Apartment List, a listing site, confirms the trend visible in the Zillow numbers: So far in 2021, rental prices nationally have grown 9.2 percent, compared with the 2 to 3 percent that is typical from January to June. According to the most recent data available, prices were higher than economists at Apartment List would have expected had prepandemic trends persisted.

So what will the rest of 2021 look like?

Will rental prices have risen by a total of 15 or 20 percent by the time the year is through?

The Biden administration continues to insist that inflation is “low”, but hardly anyone believes them.

In fact, one recent survey found that 70 percent of Americans are “extremely or very concerned” about inflation…

A new internal poll from the National Republican Congressional Committee (NRCC) shows growing concerns about rising inflation in a number of battleground districts ahead of 2022.

Seventy percent of respondents said they were either “extremely or very concerned” about rising prices and the rising costs of living, according to the polling memo released Thursday. Additionally, 60 percent of voters said they disapproved of President Biden‘s handling of rising prices and the higher cost of living. On top of that, the poll found that 42 percent of people polled were more likely to blame Biden and congressional Democrats for rising prices. Ten percent said they were more likely to blame congressional Republicans.

If you are in the 30 percent that is not very concerned about inflation, you should be, because it is going to absolutely suck the life out of your standard of living.

Meanwhile, more shortages continue to pop up throughout our economy.

Earlier today, I was stunned to learn that a shortage of back-to-school supplies is now being projected…

Back-to-school shopping is always a nightmare. This year, expect it to be even worse.

While parents may be used to encountering shortages of items like sneakers, backpacks and gadgets later in the season -— which typically lasts from mid-July through the end of August — products are expected to be in tight supply even earlier. That means shoppers could find themselves picking over the handful of ugly backpacks and bento lunch boxes with missing pieces left at the store as early as this month.

In the new book that I just released, I have an entire chapter about hyperinflation and shortages.  Everyone could see this coming from a mile away, but our leaders just couldn’t help themselves.

Whenever a major crisis comes along, their only answer is to create, borrow and spend more money.

Many are comparing this to the Jimmy Carter era of the 1970s, but the truth is that what we are facing is much worse than that.

We are literally witnessing our nation commit slow-motion economic suicide, and it is absolutely horrifying to watch.

***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 Snyder 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 others 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)  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 Facebook and Twitter, 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.

Biden’s $6 Trillion Socialist Budget Will Cause Even More Inflation And Even More Shortages

If you are enjoying the ride on the highway to hyperinflation, then you are going to absolutely love Joe Biden’s new budget.  Instead of realizing the mistakes that he has made and reversing course, Biden has decided that now is the time to push the accelerator to the floor.  That means that a lot more inflation is on the way, and I am encouraging all of my readers to do what they can to get prepared for that.  In my latest book, I sound the alarm about what hyperinflation will eventually do to our economy.  We are literally in the process of becoming Venezuela, and most Americans have absolutely no idea how horrific that will be.  In Venezuela today, almost everyone is a millionaire, but just about everyone is also living in poverty because the money is absolutely worthless.  We don’t want to end up like that, but that is the road that we are on.

While he was still in the White House, President Trump’s proposed budget for 2021 was $4.8 trillion.  That is an extremely high number, but Joe Biden’s new budget for 2021 is actually 25 percent larger

The proposal represents a 25 percent increase over what former President Donald Trump proposed in his final budget – in a year that would be upended by the coronavirus.

The spending levels would continue on an upward trajectory, hitting $8.2 trillion at the end of a decade, according to detailed top-line numbers leaked to the New York Times.

I could sit here all day and still probably not be able to come up with sufficient words to describe how insane it would be for the U.S. government to spend 6 trillion dollars in a single year.

According to Biden, his new tax increases will offset part of the new spending, but even his own projections show us running trillion dollar deficits long into the future

The budget would have the nation continue running deficits of more than $1 trillion, a level it already topped with the onset of the pandemic – with estimated annual deficits of $1.3 trillion amid enacted and proposed federal programs.

Of course these sorts of projections are usually way too optimistic.

In my estimation, Biden’s plan would have us facing deficits of at least two trillion dollars per year throughout his presidency and beyond.

We can’t keep doing this to our children and our grandchildren.  Already, borrowing and spending giant mountains of money that we do not have has resulted in the worst stretch of inflation since the Jimmy Carter years of the 1970s.

Larry Summers was the former director of the National Economic Council under Barack Obama, and even he is warning that big time inflation is coming

He told a CoinDesk conference: ‘We’re taking very substantial risks on the inflation side.

‘I think policy is rather overdoing it. The sense of serenity and complacency being projected by the economic policymakers, that this is all something that can easily be managed, is misplaced,’ he added.

When even Larry Summers is sounding the alarm, you know that it must be really late in the game.

As I have detailed in numerous recent articles, prices are absolutely exploding all over the nation right now.  And today we learned that one prominent analyst is claiming that “US inflation data surprises are at their highest in the 20-year history of the series”

As we noted over the weekend, positive US data surprises seem to be normalizing (i.e. the Citi US econ surprise index has flatlined) due to a combination of analysts catching up with the prior stronger pace of growth, and also due to some evidence that the rate of change of US growth is peaking out (JPMorgan disagrees).

However as DB’s equity strategist Parag Thatte points out in his latest positioning piece, US inflation data surprises are at their highest in the 20-year history of the series with the last 10 data points almost ‘off the chart’.

We should be taking emergency measures to get inflation under control, but instead Joe Biden has decided that this is the perfect time for a spending spree.

Inflation is one of the hallmarks of a socialist economy, and another thing that we commonly see in socialist systems are shortages.

At this moment, we are witnessing the most severe shortages that the U.S. has experienced in my entire lifetime.  As I discussed the other day, Bloomberg is reporting that “the world economy is suddenly running low on everything”.

When there are way too many dollars chasing way too few goods and services, it is inevitable that shortages will happen.  And we are being told to expect that some of the shortages will get even worse in the months ahead.  In fact, CNN is telling us to expect very serious gasoline shortages this summer

And that could be the least of the problems for the those taking to the highways for summer vacations. The gas shortages experienced earlier this month when a key pipeline shut down could once again be on the horizon, according to experts.

This time, the squeeze could be triggered by the lack of tank truck drivers to deliver the fuel, and a repeat of panic buying by travelers topping off their tanks.

Meanwhile, economic conditions continue to deteriorate for those at the bottom of the food chain.

Earlier today, an article about current economic conditions in New York City really struck an emotional chord with me…

In Times Square, the most densely tourist-populated place in the United States, a mentally disturbed man known as Mr. Kim begs cops to kill him. ‘I want to die. You have a gun? Shoot,’ he pleads. After the officers demur, he picks up a plank of wood and starts smashing it against the Pele soccer shop.

On Sutton Place, one of the most affluent residential areas in the city, a lone man squats on the sidewalk, intently reading a paperback novel next to a shopping cart that contains his worldly goods. He begs for cash with a sign saying he has lost everything. ‘Trying to survive,’ it adds.

Joe Biden may think that he is going to bring the U.S. economy back to life with all of the borrowing and spending that he is doing, but the truth is that it is just going to make our long-term problems even worse.

Unfortunately, a lot of our long-term problems are rapidly becoming short-term problems, and that is not good news for any of us.

***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.

What Will You Do When Inflation Forces U.S. Households To Spend 40 Percent Of Their Incomes On Food?

Did you know that the price of corn has risen 142 percent in the last 12 months?  Of course corn is used in hundreds of different products we buy at the grocery store, and so everyone is going to feel the pain of this price increase.  But it isn’t just the price of corn that is going crazy.  We are seeing food prices shoot up dramatically all across the industry, and experts are warning that this is just the very beginning.  So if you think that food prices are bad now, just wait, because they are going to get a whole lot worse.

Typically, Americans spend approximately 10 percent of their disposable personal incomes on food.  The following comes directly from the USDA website

In 2019, Americans spent an average of 9.5 percent of their disposable personal incomes on food—divided between food at home (4.9 percent) and food away from home (4.6 percent). Between 1960 and 1998, the average share of disposable personal income spent on total food by Americans, on average, fell from 17.0 to 10.1 percent, driven by a declining share of income spent on food at home.

Needless to say, the poorest Americans spend more of their incomes on food than the richest Americans.

According to the USDA, the poorest households spent an average of 36 percent of their disposable personal incomes on food in 2019…

As their incomes rise, households spend more money on food, but it represents a smaller overall budget share. In 2019, households in the lowest income quintile spent an average of $4,400 on food (representing 36.0 percent of income), while households in the highest income quintile spent an average of $13,987 on food (representing 8.0 percent of income).

Needless to say, the final numbers for 2020 will be quite a bit higher, and many believe that eventually the percentage of disposable personal income that the average U.S. household spends on food will reach 40 percent.

That would mean that many poor households would end up spending well over 50 percent of their personal disposable incomes just on food.

At one time that would have been unimaginable, but now everything is changing.  As I noted above, the price of corn his increased 142 percent since this time last year…

Corn prices have jumped roughly 142% over the past year to $7.56 per bushel, the highest price seen in eight years for the crop.

A drought in Brazil and increased demand in China have put pressure on global suppliers.

In other areas we are seeing more moderate inflation, but overall we just witnessed the largest increase in food inflation “in almost nine years”

The average prices in March of 2021 for pork chops and chicken breasts are both up more than 10% compared to March of 2020. Eggs and cheddar cheese are both up 6%.

Looking at all consumer goods as a whole, the latest inflation data in the Consumer Price Index from the U.S. Bureau of Labor Statistics shows the largest month-to-month increase in almost nine years.

Meanwhile, the price of lumber just continues to shoot even higher.

In New Jersey, one man says that the total cost of lumber used in building his new home will reach $70,000

Tom McCarthy can’t finish building a home in Bergen County, New Jersey because of the lumber shortage.

“There are pieces of wood that we can’t find,” said McCarthy, a real estate broker with the Chen Agency who also builds homes with his father on the side.

McCarthy estimates the cost of lumber for the home will hit $70,000, nearly double the cost of building the exact same home in a nearby town just eight months ago.

Isn’t that nuts?

Instead of building a new home, you could try buying an existing one instead, but real estate prices in many areas have gotten completely insane.

In northern California, one house recently sold for more than a million dollars over listing price

When a house in Berkeley sold for more than $1 million over its list price in late March 2021, it was covered in media outlets across the Bay Area, including this one.

While the Berkeley sale was particularly sensational — it sold for double its list price and received 29 offers — these individual stories are becoming more common in today’s real estate market, according to recent data and anecdotes from real estate professionals.

I never imagined that I would see such a thing happen.

But one real estate agent says that such wild bidding wars are becoming increasingly common

And that’s especially true in the East Bay. “People are not surprised when a home goes $1 million over,” said Josh Dickinson, the founder of real estate agency Zip Code East Bay. “When my clients see a house for $1.9 million they’re almost conditioned to think it’ll go over $3 million in Piedmont or North Berkeley.”

This is what the beginning stages of hyperinflation look like, but Federal Reserve officials insist that we have nothing to be concerned about.

In fact, Eric Rosengren just told the press that the crazy inflation we are seeing now “is likely to prove temporary”

Boston Federal Reserve President Eric Rosengren in an interview with MarketWatch on Wednesday dismissed talk of scaling back asset purchases as premature, and said temporary factors pushing up inflation this spring won’t last.

“My view is that this acceleration in the rate of price increases is likely to prove temporary,” Rosengren said Wednesday.

Do you believe him?

I don’t.

As Simon Black has pointed out, the federal government is just going to continue to borrow and spend trillions upon trillions of dollars…

This is the big one. The US federal government is hoping to spend a whopping $11 TRILLION this year, between the regular budget, COVID stimulus already passed, and all the new legislation they’re proposing.

And it’s only May.

Obviously Uncle Sam doesn’t have the money. So they have to borrow it.

Almost everybody loved it when the federal government started sending out big, fat stimulus checks.

But you aren’t going to love it when a cart of food costs you $400 at the grocery store.

Whenever the government hands out “free money”, someone has got to pay for it, and one way we are paying for it is through higher prices.

If you do not believe that this is a major national crisis yet, you will soon, because it won’t be too long before most of the country is loudly complaining about how nightmarish inflation has become.

***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.

We Are Dangerously Close To “The Tipping Point”

Every dollar that the federal government borrows and spends puts us even closer to a day of reckoning.  Many Americans (especially those on the left) seem to think that we can endlessly spend trillions upon trillions of dollars without ever suffering any consequences.  If that was true, why hasn’t any other society in all of human history ever been able to do such a thing?  Unfortunately, the truth is that the United States is not immune to the laws of economics.  Wildly creating money and driving up our national debt to absurd heights is inevitably going to crush our economic system.  And at this point, our debt-to-GDP ratio is already higher than Greece’s debt-to-GDP ratio was when the economy of that country finally collapsed

But it’s worth noting that the US debt-to-GDP ratio—essentially a country’s debt compared to its annual economic output—was 129 percent at the end of 2020. In other words, the official US debt was nearly a third larger than the entire US economy.

That is considerably higher than Greece’s debt-to-GDP ratio in 2010, when it received a bailout from the International Monetary Fund to avoid defaulting on its obligations.

Even though we are already at such a dangerous level, the Biden administration wants Congress to pass another four trillion dollar spending package

Senate Minority Leader Mitch McConnell, R-Ky., said Monday that he did not expect any Republican senator to support President Biden’s push for a $4 trillion spending package on infrastructure and other projects.

Biden has outlined a two-part tax and spend proposal with funding for physical infrastructure projects as well as initiatives favored by his administration, such jobs training, elderly care and universal preschool. McConnell reiterated that the $4 trillion price tag was a nonstarter for Republicans, as well as some Democrats, who favor a smaller plan directly tied to infrastructure projects such as roads and bridges.

We simply don’t have the money to do what Biden wants.

In fact, we didn’t have the money for any of the “stimulus packages” that have been passed since the start of the pandemic.

We had to borrow every single dollar that went out in the “stimulus checks”, and now Democratic lawmakers are “clamoring” for a fourth round of those checks…

Democratic lawmakers in both chambers of Congress are clamoring for a fourth round of stimulus checks to help Americans who are still struggling financially during the coronavirus pandemic.

Such a move could lift more than 7 million people out of poverty, according to a recent analysis from the Urban-Brookings Tax Policy Center, a nonpartisan think tank.

If more money is the solution, then why don’t we send out five billion dollars to every American citizen?

That would certainly fix all of our problems, right?

Everyone would be a “billionaire”, and then life in American would be glorious.

Or not.

Sadly, the truth is that our “leaders” are systematically destroying the value of our currency and are plunging us into an abyss of debt from which our nation will never recover.

I warned that once the government started sending checks directly to the American people that it would never be enough.

At this point, people are begging for more checks even though 34 percent of all U.S. income now comes directly from the federal government

Putting that number in perspective, in the 1950s and 1960s, transfer payment were around 7%. This number rose in the low teens starting in the mid-1970s (right after the Nixon Shock ended Bretton-Woods and closed the gold window). The number then jumped again after the financial crisis, spiking to the high teens. And now, the coronavirus has officially sent this number to a record 34%!

And that’s how creeping banana republic socialism comes at you: first slowly, then fast.

We are not on the road to socialism.

We are already there.

In fact, the U.S. has been a socialist country for quite a while now.  We may not use the term “socialist” to describe ourselves, but that is precisely what we have become.

As our system melts down right in front of our eyes, many in the financial community are trying to figure out how to protect themselves.

For example, legendary investor Sam Zell has never been very enthusiastic about gold, but now he is suddenly changing his tune

“Obviously one of the natural reactions is to buy gold…It feels very funny because I’ve spent my career talking about why would you want to own gold? It has no income, it costs to store. And yet, when you see the debasement of the currency, you say, what am I going to hold on to?”

Other Americans are preparing for the coming meltdown in other ways.  As crime rates in our cities continue to spike, more Americans than ever before are buying guns

The FBI conducted more than 3.5 million gun-related background checks last month, a 20% year-over-year increase from April 2020, according to the latest FBI figures released Monday.

Nearly 1.7 million of those gun background checks were specifically for gun purchases, according to the National Shooting Sports Foundation, a firearms industry trade group that cross references FBI data with actual sales figures provided by gun merchants to determine how many guns are sold monthly.

NSSF spokesman Mark Oliva said the firearms industry sold more guns last month than in any April on record.

Deep in their guts, most people can feel that our society is rapidly approaching a “tipping point”.

Nobody knows the exact moment when we will have passed the point of no return, but just about everyone can sense that it is coming.

Every single day, U.S. consumers go into even more debt.

And every single day, U.S. corporations continue to binge on debt as if tomorrow is never going to arrive.

State and local governments continue to pile up record levels of debt, and the federal government is literally stealing more than 100 million dollars from future generations of Americans every single hour of every single day.

We should be thankful that this unprecedented debt bubble has been able to persist for as long as it has, but there is no way that this party can go on forever.

Soon it will end, and that means that our current way of life will soon come to an end as well.

***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.

So This Is How The U.S. Dollar Dies…

Our leaders are killing the U.S. dollar, and it is being done to thunderous applause.  The House and the Senate have now both passed the 1.9 trillion dollar “COVID relief bill”, and it will go to Joe Biden’s desk for his signature.  Of course we don’t actually have 1.9 trillion dollars to spend on yet another “COVID relief” package.  In fact, we don’t even have one dollar to spend on another “COVID relief” package.  Every single dollar that is spent will have to be borrowed, and that will soon push our national debt beyond the 30 trillion dollar mark.  Sadly, our politicians seem convinced that giant mountains of dollars can be printed, borrowed and spent indefinitely without any repercussions, and most Americans fully support what they are doing.  In fact, one recent poll found that a whopping 78 percent of all Americans support more stimulus checks…

A huge majority of Americans, including nearly two-thirds of Republicans, support the $1,400 stimulus checks President Biden is calling for, and his full $1.9 trillion stimulus proposal also has strong public backing, according to a new poll from Quinnipiac University.

The poll found that 78 percent of Americans supported the stimulus checks, including 90 percent of Democrats and 64 percent of Republicans — suggesting that Republicans in Congress who want to reduce the checks to $1,000 are out of step with their constituents on this issue.

If you are in that 78 percent, you are wrong.

Yes, it is nice to get a big, fat government check in the mail.  But in the process we are rapidly destroying our currency, and what we are doing to future generations of Americans is beyond criminal.

Previous COVID relief bills have had wide bipartisan support, but this one passed almost entirely along party lines

The final vote Saturday in the Senate was 50-49 with all Republicans voting against the measure and all members of the Senate Democratic caucus supporting it. Sen. Dan Sullivan, R-Alaska, was not present for the vote. In the House, it didn’t earn a single Republican vote in the two times the bill came to a vote.

Biden ran on his ability to broker bipartisan efforts on Capitol Hill, drawing on his 36 years in the Senate and eight years as vice president. Republicans have viewed the bill as a betrayal of the bipartisanship Biden embraced and spoke of during his campaign.

This is being called a “big win” for Biden, and when Pelosi announced that the bill had passed the House she did a little “shimmy“…

House Speaker Nancy Pelosi announced the 220-211 vote result from the chair, prompting the bill’s supporters to burst into applause. Just a single Democrat voted against it.

Her glee at the outcome was evident even though she had a mask on. She executed what her daughter Christine called a ‘shimmy’ as she gaveled down the vote in a chamber where a five-vote majority gave her very little wiggle room.

After the vote was over, House Minority Leader Kevin McCarthy referred to the COVID relief package as “socialism”

House Minority Leader Kevin McCarthy, R-Calif., described it as a “laundry list of leftwing priorities” that “do not meet the needs of American families.”

“It is very liberal,” he said. “They called this the most progressive piece of legislation in history. For those who are watching, progressive means socialism.”

He is right, but I just wish that he would have figured that out several COVID relief packages ago.

Because the truth is that what we have already done to our currency is absolutely nightmarish.  The following is the latest M1 chart from the Federal Reserve…

Thanks to our wild spending politicians and unprecedented intervention in the financial markets by the Federal Reserve, we have now entered an era of hyperinflation.

It took from the founding of the United States to 2020 for M1 to get to 4 trillion dollars.

And then it took about one year for M1 to go from 4 trillion dollars to 18 trillion dollars.

This is utter madness.

Of course the chart above doesn’t even reflect the impact that this new COVID relief package will have.  Another 1.9 trillion dollars is about to be poured into the system, and that will make things even worse.

Needless to say, most Wall Street investors are absolutely thrilled that another tsunami of money is coming.  One recent poll found that “37% of Main Street investors” plan to pour stimulus money directly into the Wall Street casino…

A recent Deutsche Bank survey found that 37% of Main Street investors, some of who could be members of the Reddit community, will plow a “large chunk” of stimulus money, about $170 billion, “directly into equities.”

These small but mighty investors have gained notoriety in recent months, creating volatility and heavy volume in a number of heavily shorted stocks, such as GameStop Corp., AMC Entertainment Holdings Inc. and Bed Bath & Beyond Inc.

That should be very good news for stocks, but of course a major “trigger event” could crash the market at any time.

So we will have to wait and see how all of this plays out.

Meanwhile, Joe Biden just announced that he will unveil “the next phase” of his administration’s response to the pandemic on Thursday

Just hours after the House passed the Democrats’ $1.9 trillion stimulus package (which will unleash another wave of “stimmies” that will inevitably find their way into millions of Robinhood and other discount brokerage accounts), President Joe Biden said Wednesday that he would unveil “the next phase” of the US COVID-19 response on Thursday, which is also the one-year anniversary of the first COVID-inspired lockdowns in the US.

Even if more stimulus checks are not involved, any new programs that Biden announces will cost money, and that involve more borrowing.

We are printing, borrowing and spending our way into oblivion, and we have nobody but ourselves to blame.

As I was preparing to write this article, I just kept thinking of the scene from one of the Star Wars movies where Emperor Palpatine announces that the Republic will be reorganized as “the first Galactic Empire”, and the Senate erupts in applause.

Our Republic is dying too, and our politicians are gleefully murdering the reserve currency of the entire planet.

This is not going to end well, but you already knew that.

***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 Economic Collapse