Money

The wait for the next “Lehman Brothers moment” is over.  On Friday, we witnessed the second biggest bank failure in U.S. history.  The stunning collapse of Silicon Valley Bank is shaking the financial world to the core.  As of the end of last year, the bank had 175 billion dollars in deposits, and approximately 151 billion dollars of those deposits were uninsured.  In other words, a lot of wealthy individuals and large companies are in danger of being wiped out.  In particular, this is being described as an “extinction level event” for tech startups, because thousands of them did their banking with SVB.  I cannot even begin to describe how cataclysmic this is going to be for the tech industry as a whole.

There is so much to cover, and so let me try to take this one step at a time.

Rumors of trouble at SVB had sparked a massive bank run in recent days, and regulators moved quickly on Friday to permanently shut the bank down…

Financial regulators have closed Silicon Valley Bank and taken control of its deposits, the Federal Deposit Insurance Corp. announced Friday, in what is the largest U.S. bank failure since the global financial crisis more than a decade ago.

The collapse of SVB, a key player in the tech and venture capital community, leaves companies and wealthy individuals largely unsure of what will happen to their money.

We haven’t seen anything like this in a very long time.

In fact, it is being reported that this is the second biggest bank failure in all of U.S. history…

The closure marks the biggest bank failure since the 2008 financial crisis and the second-largest in U.S. history after Washington Mutual collapsed during that industry-wide meltdown, according to FDIC data.

As of the end of December, the Santa Clara, California-based bank — the 16th largest bank in the country — had $209 billion in assets with more than $175 billion in deposits. As with other FDIC-member banks, SVB deposits are insured up to $250,000 per depositor.

The good news is that anyone that had less than $250,000 in the bank will be covered by FDIC insurance…

The FDIC’s standard insurance covers up to $250,000 per depositor, per bank, for each account ownership category. The FDIC said uninsured depositors will get receivership certificates for their balances. The regulator said it will pay uninsured depositors an advanced dividend within the next week, with potential additional dividend payments as the regulator sells SVB’s assets.

Whether depositors with more than $250,000 ultimately get all their money back will be determined by the amount of money the regulator gets as it sells Silicon Valley assets or if another bank takes ownership of the remaining assets. There were concerns in the tech community that until that process unfolds, some companies may have issues making payroll.

Unfortunately, as I noted above, the vast majority of the deposits with SVB exceeded the $250,000 threshold and were thus uninsured…

As we noted before, while the FDIC noted that SVIB had $175BN in deposits as of Dec 31, note that some $151.5BN of these are uninsured, which means they get exactly zero although a sizable number of them likely pulled their deposits in the past few days.

As SVB assets are liquidated, hopefully those that had uninsured deposits at SVB will eventually see some of their money.

But for now, many of them are facing a complete and total nightmare.

For example, one tech CEO named Ashley Turner is freaking out because she had “at least $10m deposited with SVB”…

Ashley Tyrner, CEO of Boston wellness firm FarmboxRx, said she had at least $10m deposited with SVB and has been frantically calling her banker. She said it had been ‘the worst 18 hours of my life.’

Can you imagine how she must be feeling at this moment?

Sadly, she is far from alone.

The CEO of YCombinator, Garry Tan, says that what we are looking at is an “extinction level event” for tech startups…

There are thousands of US startups that banked at SVB, often as their *sole bank*. $250K per account is not going to last long.

The #1 pressing issue for these startups is *payroll* – you can’t have people work if you can’t pay them.

This means mass furlough.

It might mean thousands of startups die before the FDIC gets through its receivership process and releases the funds.

From what I hear, there are venture debt options coming from providers like Brex, but we’re going to need *a lot* of options in order to avoid a mass shutdown of all American startups in the next few weeks.

This is an *extinction level event* for startups and will set startups and innovation back by 10 years or more.

I wish that I could tell you that he is wrong.

But I cannot.

When news of what was being done to SVB hit Wall Street, bank stocks started falling precipitously.

Nothing to see here. Just stocks of U.S. banks experienced a carnage. Everyone from top dogs like JP Morgan and Bank of America to all the local banks got clobbered.

But they are all too big to fail. They will get bailed out.

(Remember that bankers control everything in the… https://t.co/XuLbKyChMR pic.twitter.com/WhSrb3ttKt

— S.L. Kanthan (@Kanthan2030) March 9, 2023

Is this the beginning of a horrifying new crisis for the financial industry?

Well, Michael Burry is suggesting that the collapse of SVB could be “our Enron”…

Michael Burry, the eccentric investor featured in the 2015 film “The Big Short,” warned: “It is possible today we found our Enron.”

And billionaire Bill Ackman is already suggesting that the federal government should bail out the bank…

Billionaire investor Bill Ackman says the US government should consider a “highly dilutive” bailout of Silicon Valley Bank amid jitters about its financial position.

The bank’s failure “could destroy an important long-term driver of the economy as VC-backed companies rely on SVB for loans and holding their operating cash,” Ackman said in a series of tweets on Thursday. “If private capital can’t provide a solution, a highly dilutive gov’t preferred bailout should be considered,” he said.

At this point, I doubt that Congress will be willing to do anything.

But if that doesn’t happen, Ackman is warning us that there could soon be bank runs at other major banks…

He added: “The risk of failure and deposit losses here is that the next, least well-capitalized bank faces a run and fails and the dominoes continue to fall.”

“That is why gov’t intervention should be considered.”

Once the dominoes start falling, it will be difficult to stop the process.

In fact, the situation is already so dire that Peter Schiff is proclaiming that we are “on the verge of a much bigger collapse than 2008”…

“The U.S. banking system is on the verge of a much bigger collapse than 2008,” said economist Peter Schiff, known for his dire predictions.

“Banks own long-term paper at extremely low interest rates. They can’t compete with short-term Treasuries. Mass withdrawals from depositors seeking higher yields will result in a wave of bank failures.”

Of course a lot of the “experts” in the mainstream media never saw this coming.

Just last month, CNBC’s Jim Cramer was actually telling his viewers that they should buy SVB stock…

CNBC analyst Jim Cramer is once again being pilloried on social media after a clip resurfaced showing the “Mad Money” host recommending viewers buy shares of Silicon Valley Bank’s parent company, which owns the tech-driven commercial lender that swiftly collapsed on Friday.

“The ninth-best performer to date has been SVB Financial (the bank’s parent company). Don’t yawn,” Cramer told viewers during a Feb. 8 episode of “Mad Money.”

Cramer listed SVB Financial among his “biggest winners of 2023 … so far” alongside blue-chip stocks such as Meta, Tesla, Warner Bros. Discovery, and Norwegian Cruise Line.

Unfortunately, SVB’s situation is not unique.

Thanks to rapidly rising interest rates, many other banks are also sitting on mountains of Treasury bills that have lost a lot of value…

Banks are big investors in assets like Treasury bills because they need lots of safe places to park their cash. Many financial institutions piled into these investments during a period of historically-low interest rates that spanned the early years of the pandemic, as banks took in tons of new deposits and lending was somewhat restrained.

But now the Fed is hiking rates at a rapid clip, with Fed Chair Jay Powell warning earlier this week the central bank may have to speed up the pace of its rate increases to cool the economy further. The problem that creates for banks is simple: higher rates lower the value of their existing bonds.

For an extensive break down of why this is causing so much distress for our banks right now, I would highly recommend reading this excellent article.

As I have been telling my readers, our system simply cannot handle higher rates at this point.

But the “experts” at the Fed assured all of us that they knew exactly what they were doing.

Now they have caused one of the biggest bank failures in U.S. history, and much worse is on the way if they do not reverse course.

But I don’t expect the “experts” at the Fed to listen to any of us.

They are just going to keep doing what they are doing, and we are all going to have to live with the consequences.

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

About the Author: My name is Michael and my brand new book entitled “End Times” is now available on Amazon.com.  In addition to my new book I have written six other books that are available on Amazon.com including “7 Year Apocalypse”, “Lost Prophecies Of The Future Of America”, “The Beginning Of The End”, 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 copies as gifts 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 Blog, End 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 definitely 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 invite Jesus Christ to be your Lord and Savior today.

Major employers all over America are announcing mass layoffs, but the mainstream media continues to insist that everything is just fine.  Every month the Biden administration gives us numbers that suggest that the economy is stable, and most mainstream reporters willingly go along with that narrative.  But anyone with half a brain should be able to see that we are headed for big economic trouble.  The housing bubble is imploding, food prices just keep rising, and we haven’t seen a wave of layoffs like we are currently witnessing since the days of the Great Recession.

One of the things that I appreciate about Challenger, Gray & Christmas is that they don’t have a political axe to grind.  They just report the facts, and their latest report tells us that announced job cuts in the United States are running 427 percent higher than they were at this time in 2022…

So far this year, employers announced plans to cut 180,713 jobs, up 427% from the 34,309 cuts announced in the first two months of 2022. It is the highest January-February total since 2009 when a total of 428,099 job cuts were announced in January and February.

Let those figures sink in for a moment.

When the number of planned layoffs is running 427 percent higher than a year ago, your economy is moving in the wrong direction very rapidly.

And the latest report from Challenger, Gray & Christmas doesn’t even include any of the job cut announcements that we have seen so far in March.

For example, it is being reported that General Motors will be offering a “voluntary” exit to the majority “of its 58,000 U.S. white-collar employees”…

General Motors will offer voluntary buyouts to a “majority” of its 58,000 U.S. white-collar employees, as it aims to cut $2 billion in structural costs over the next two years, according to a letter sent to workers Thursday from CEO Mary Barra.

The “Voluntary Separation Program,” or VSP, will be offered to all U.S. salaried employees who have spent five or more years at the company as of June 30. Outside of the U.S., the automaker will offer buyouts to executives with at least two years of time at the company.

General Motors is insisting that these are not “layoffs” because employees will get an opportunity to make a choice.

But we are also being told that workers will be “strongly encouraged to consider” the program.

In other words, nobody will be forced out the door, but a significant amount of arm-twisting will be taking place.

Meanwhile, I just learned that Johnson & Johnson has decided to lay off hundreds of workers…

Johnson & Johnson is letting go of nearly 350 employees in the surgical robotics space, according to layoff notices filed in California at the beginning of this month.

The WARN notices list layoffs involving 292 workers at Auris, 47 at Verb Surgical, and four at Ethicon Endo-Surgery. All of the jobs were based in Santa Clara County; the layoffs are effective April 30.

The “tsunami of layoffs” that we have been warned about is here.

It is really happening.

If you lose your job in the months ahead, you can blame the Federal Reserve.

After pushing interest rates all the way to the floor and flooding the system with unprecedented amounts of new money, the Federal Reserve has reversed course.

Now Fed officials are dramatically hiking interest rates and are rapidly reducing the size of their balance sheet.

As a result, money supply growth has actually turned sharply negative…

Money supply growth fell again in January, falling even further into negative territory after turning negative in November 2022 for the first time in twenty-eight years. January’s drop continues a steep downward trend from the unprecedented highs experienced during much of the past two years.

Our system is not designed to handle this sort of a rollercoaster ride.

So there will be more layoffs.

And the housing market will continue to crash.

And more major financial institutions will be in peril.

In fact, it is being reported that a very important bank in California could potentially be on the verge of collapse…

Is the bursting of the tech bubble finally spilling over to the financial system?

One day after the biggest crypto-focused bank, Silvergate Capital, announced plans to unwind and liquidate after a deposit run effectively killed its core business model, this morning its far larger peer – the parent company of the venerable Silicon Valley Bank, SVB Financial Group – saw its shares plunge the most in more than two decades after the company took “steps to bolster its financial position” that included not only a highly dilutive stock offering but also a panicked asset sale that sparked fears of a liquidity crisis at one of the biggest and original providers of funding to the Venture Capital industry.

The Santa Clara-based company’s shares sank by as much as 60% on Thursday, their biggest decline in the company’s history since going public in 1987.

This is a really big story.

It has even been suggested that this could possibly be another “Lehman Brothers moment” if the financial position of the institution cannot be stabilized.

This news was part of the reason why stock prices were way down once again on Thursday…

The S&P 500 slid 1.85% to end at 3,918.32, while the Dow Jones Industrial Average dove 543.54 points, or 1.66%, to settle at 32,254.86. The Nasdaq Composite shed 2.05% to finish at 11,338.35.

Thursday’s losses brought the Dow to close below its 200-day moving average for the first time since Nov. 9. For the week and year, the 30-stock index is down 3.4% and 2.7%, respectively.

I am going to be watching the financial markets very carefully in the weeks ahead.

Trouble is brewing.

Hopefully the recent slide that we have been witnessing will not become an avalanche.

But if the Federal Reserve continues to go down this road, it will inevitably cause a tremendous amount of chaos.

For a very long time, the Fed artificially propped up our financial system.  Unfortunately, now the artificial support has been removed, and that is really bad news.

We all knew that a day of reckoning would arrive eventually, but hopefully we have at least a little bit more time before our financial system starts coming apart at the seams.

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

About the Author: My name is Michael and my brand new book entitled “End Times” is now available on Amazon.com.  In addition to my new book I have written six other books that are available on Amazon.com including “7 Year Apocalypse”, “Lost Prophecies Of The Future Of America”, “The Beginning Of The End”, 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 copies as gifts 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 Blog, End 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 definitely 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 invite Jesus Christ to be your Lord and Savior today.

The mainstream media continues to tell us that the economy is in fine shape, and you can believe that if you want.  But evidence continues to mount that indicates that we are headed for very serious trouble.  Inflation is out of control, home sales have fallen for 12 months in a row, large corporations all over America are conducting mass layoffs, and hunger is spreading like wildfire as economic conditions rapidly deteriorate.  If this is “fine”, I would hate to see what “bad” would look like.  Virtually everything that normally occurs during the early stages of a major economic downturn is happening right now, and that includes an inversion of Treasury yields…

On Tuesday, the difference in the yield on 2-year and 10-year Treasury notes further inverted, with the yield on the 10-year falling 103 basis points, or 1.03 percentage points, below the yield on the 2-year yield. This dynamic has preceded each of the last eight U.S. recessions.

Please read that last sentence again.

This has happened for eight recessions in a row.

Do you think that by some miracle we won’t have a recession this time?

At this point, we are actually witnessing the deepest inversion that we have seen “since September 1981”…

The spread between the monetary policy-sensitive two-year U.S. Treasury yield (US2Y) and the 10-year (US10Y) UST yield reached the deepest inversion since September 1981, as bond-market investors priced in higher-for-longer interest rates following Federal Reserve Chair Jerome Powell’s Senate testimony earlier in the session.

Wow.

1981 was more than 40 years ago.

As one analyst told his clients, this is “a big psychological level” that has just been breached…

“We are not sure that -100bps means anything different than -80bps or -90bps did, but it is likely a big psychological level that many will notice,” BTIG analyst Jonathan Krinsky wrote in a note to clients.

But don’t worry.

CNN says that everything will be just fine.

You believe them, don’t you?

Needless to say, a lot of Americans don’t believe them.

In fact, at this point the amount of confidence that Americans have that their finances will improve in the next year has dropped to a depressingly low level…

Americans’ confidence in their finances is at its lowest level in at last 13 years, as inflation and fears of a recession cast a pall of uncertainty over the economy.

In February, just 31% of Americans believed their personal financial situation would improve in the next year, the lowest figure on records dating back to 2010, according to Fannie Mae’s monthly survey released on Tuesday.

The bureaucrats in Washington can radically “adjust” the economic numbers that they are giving us in a desperate attempt to make us feel better, but they can’t hide the fact that mass layoffs are happening all around us.

For example, a historic paper mill in North Carolina that has been in business for more than a century is now shutting down and laying off all of their employees…

Union representatives with Smokey Mountain Local 507 were reportedly called to a meeting with Pactiv Evergreen officials Monday and told about the plans to close the paper mill.

It employs 1,100 people and is considered a keystone of the local economy.

The words are simply not enough,” Canton Mayor Zeb Smathers said, according to local outlet ABC15. “When I was downtown and I saw grown men with tears in their eyes, there are not words, and no one was prepared on this dark Monday to deal with that.”

What can you possibly say to those men to convince them that everything is going to be okay?

That town will never be the same again after this.

A massive economic implosion is already happening all around us, but as long as stock prices remain elevated many people will be fooled into thinking that conditions are normal.

But the financial markets are starting to show cracks too.

In fact, one expert just told Fox News that the indicators that he closely watches are pointing to “one of the highest probabilities of a crash in the stock market looking out 60 days”…

After Federal Reserve Chair Jerome Powell indicated the bank isn’t finished raising rates, one market expert has warned a crash could come in a matter of days.

“They’re playing catch up, and while they were doing quantitative easing in 2021, inflation started to rage and now they’re trying to catch up,” The Bear Traps Report founder Larry McDonald said Wednesday on “Mornings with Maria.”

“Our 21 Lehman systemic risk indicators that look at equity and credit point to one of the highest probabilities of a crash in the stock market looking out 60 days,” McDonald, who is also known for writing a best-selling book on the Lehman Brothers collapse, cautioned.

I really hope that he is wrong.

I really hope that we have more time.

But the reality of what is now taking place should be evident to everyone.

A major economic meltdown has begun, and it will eventually get a whole lot worse.

We aren’t just witnessing the end of an economic cycle.

What we are actually witnessing is the end of a deeply corrupt, deeply flawed system.

The greatest debt bubble in the history of the entire planet is starting to burst, and the whole world will soon be experiencing severe pain as a result.

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

About the Author: My name is Michael and my brand new book entitled “End Times” is now available on Amazon.com.  In addition to my new book I have written six other books that are available on Amazon.com including “7 Year Apocalypse”, “Lost Prophecies Of The Future Of America”, “The Beginning Of The End”, 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 copies as gifts 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 Blog, End 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 definitely 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 invite Jesus Christ to be your Lord and Savior today.

Angry citizens are taking to the streets all over the world, and often they are lashing out in wild and unpredictable ways.  The eruptions of civil unrest that you will read about below are all happening for different reasons, but they all have one thing in common.  People are deeply frustrated with the direction that things are going, and they have lost faith in the ability of their elected representatives to solve their problems.  Unfortunately, this is just the beginning.  For years I have been warning my readers that we will eventually see civil unrest on a scale that we have never seen before.  Could it be possible that we are now entering the leading edge of that storm?

On Tuesday, the streets of Paris were turned into a war zone as French citizens expressed their displeasure with the pension reforms that French President Emmanuel Macron seems determined to implement…

Violence erupted on the streets of Paris today as thousands took to the streets across France to protest against pension reforms.

Riot police fought running battles with demonstrators in the capital city on a so-called Black Tuesday of industrial action across the country.

The worst trouble was close to the Port Royal metro station, where hundreds of riot police used tear gas and baton charges. As projectiles rained down on them, bins were set on fire and bus stops destroyed by so-called Black Bloc anarchists.

Clashes are intensifying in Paris as workers protest against the government’s pension reform plans. Video footage shows riot police using tear gas and batons to repress protesters who are responding with pyrotechnics and anything else they can get their hands on. #grevedu7mars pic.twitter.com/3yOoQzOldx

— red. (@redstreamnet) March 7, 2023

A lot of people out there believed that Emmanuel Macron would emerge as a great leader that would be capable of uniting all of Europe behind him.

That is obviously not going to happen.

A few days before the protests in Paris, farmers in Belgium literally rolled 2,700 tractors into the heart of the capital of the European Union…

Convoys of tractors brought traffic in Brussels to a standstill Friday, as thousands of Belgian farmers protested the Flemish regional government’s plans to limit nitrogen emissions from agriculture.

Some 2,700 tractors rolled into Brussels from the Flanders region, according to police estimates, filling the streets with a cacophony of honks as farmers vented their anger over the planned cuts, which they say threaten to put many of them out of business.

I fully support what those farmers are trying to do.

What the EU is doing to farmers is literally insane, and I can definitely understand why they are so upset.

Elsewhere in Europe, demonstrations against NATO involvement in the war in Ukraine are getting larger and larger…

Thousands of demonstrators gathered in Brussels and Paris to show support for Ukraine on Saturday, while a demonstration against supplying Ukraine with weapons attracted 10,000 people in Berlin and London

If the American people actually understood what was at stake, we would see similar anti-war protests here in this country too.

Hopefully our citizens will wake up before this conflict goes nuclear.

Down in South Africa, an unprecedented energy crisis literally has the entire nation on the verge of “collapse”…

South Africa is on the verge of “collapse” amid rolling blackouts and warnings a total power grid failure could lead to mass rioting on the scale of a “civil war”.

Western embassies including the United States and Australia have advised their citizens in the country to stock up on “several days worth” of food and water and be on high alert during extended blackouts sweeping the country.

Sadly, what I have shared so far is just the tip of the iceberg.  Economic conditions continue to deteriorate all over the globe, and we are being warned that a lot more civil unrest is on the way…

Growing social inequality and the cost-of-living, foundering faith in governments and institutions and increasingly polarized politics, together with a rise in activism and environmental concerns, are the main factors expected to fuel ongoing incidences of unrests, strikes, riots and civil commotion (SRCC) around the world, according to a new report from insurer Allianz Global Corporate & Specialty (AGCS).

Here in the United States, a “frenzied 150-strong mob” of Antifa radicals viciously attacked a police facility in the Atlanta area on Sunday…

A frenzied 150-strong mob of Antifa ‘terrorists’ descend on Atlanta’s ‘Cop City’ construction site before hurling Molotov cocktails and destroying machinery in newly-released aerial footage of Sunday’s riots.

The group, filmed by a police chopper’s heat-sensitive cameras, march through scrub and woodland around the Atlanta Public Safety Training Center before unleashing havoc and setting fire to a power line.

Police officers protecting the site are forced to stand off as the mask-clad attackers overrun the site, which has been a hotbed for Antifa violence since last spring, and target machinery. The officers are then pelted with rocks and fireworks by the thugs, many of whom travelled from outside of Georgie to take part in the violence.

Aerial view of Antifa attacking a police training facility in Atlanta pic.twitter.com/yrUdHm7DUG

— Citizen Free Press (@CitizenFreePres) March 7, 2023

Democrats run Atlanta, and we have a Democrat in the White House.

But the Democrats appear to be incapable of controlling their own people.

Meanwhile, crime continues to spiral out of control in major cities all over the nation.

In New York City, the police are actually asking businesses to require customers to take off their masks before entering because masked thieves have become such a problem…

The New York Police Department is advising businesses to ask patrons to take off their masks before entry in light of the high number of thefts and robberies across the city.

Removing masks should be made a “condition of entry,” NYPD Chief of Department Jeffrey Maddrey said at a press conference last week, noting that criminals have been taking advantage of masks to avoid detection on surveillance cameras.

“People are coming up to our businesses, sometimes with masks, sometimes masks, hoods and latex gloves, and they’re being buzzed in, they’re being allowed to enter into the store and then we have a robbery or some kind of property being stolen,” Maddrey said.

Isn’t that ironic?

For such a long time, authorities in New York were so determined to get everyone to put masks on.

But now they are desperate to get everyone to remove the masks because crime has gotten so bad.

This is the world that we live in now.

The thin veneer of civilization that we all take for granted on a daily basis is rapidly disappearing, and chaos in the streets will be a normal part of life from this point forward.

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

About the Author: My name is Michael and my brand new book entitled “End Times” is now available on Amazon.com.  In addition to my new book I have written six other books that are available on Amazon.com including “7 Year Apocalypse”, “Lost Prophecies Of The Future Of America”, “The Beginning Of The End”, 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 copies as gifts 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 Blog, End 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 definitely 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 invite Jesus Christ to be your Lord and Savior today.

We haven’t seen anything like this in a long time.  A couple of factors are combining to push millions of Americans into a state of food insecurity.  First of all, food prices have been rising aggressively throughout the past year, and so our money does not go nearly as far as it once did.  Meanwhile, food stamp benefits are being slashed.  The federal government had greatly enhanced food stamp benefits for many Americans during the pandemic, but now that emergency program is coming to an end.  So what this means is that many Americans are going to have very little money to spend on food at a time when economic conditions are starting to get really rough.

The Washington Post recently sent a reporter named Tim Craig to Kentucky, and he discovered that poor people are waiting in “a mile-long line” just to get some free food…

As he claimed the first spot in a mile-long line for free food in the Appalachian foothills, Danny Blair vividly recalled receiving the letter announcing that his pandemic-era benefit to help buy groceries was about to be slashed.

Kentucky lawmakers had voted to end the state’s health emergency last spring, by default cutting food stamp benefits created to help vulnerable Americans like Blair weather the worst of covid-19. Instead of $200 a month, he would get just $30.

Blair actually gets up at 4 AM in the morning so that he can be first in line for these handouts.

On the Friday that the reporter from the Washington Post interviewed him, he ended up staying in that line for nine hours.

I couldn’t imagine waiting in line for that long, but Blair feels like this is what he and his wife must do in order to survive…

He crumpled up the letter and threw it on the floor of his camper.

“I thought, ‘Wow, the government is trying to kill us now,’” said Blair, 63, who survives on his Social Security disability check and lives in a mobile home with his wife after their house burned down five years ago. “They are going to starve us out.”

Blair and his wife hop into their truck twice a month at 4 a.m. to ensure they get a few staples at the Hazel Green Food Project’s giveaway. On a recent Friday, they waited nine hours until local prisoners on work duty started loading bags of meat and vegetables, potato chips and cookies into vehicles in one of the nation’s most impoverished communities.

Sadly, there are countless others out there that are in the same position.

The Post also interviewed another man named Henry Tolsen that openly admitted that he is so poor that the day before he “only ate a bowl of cereal and a can of peaches”…

“Yesterday, I only ate a bowl of cereal and a can of peaches,” said Tolsen, as he turned off his truck to save gas until the line started moving again. “I would like to be able to eat bacon and eggs, biscuits and gravy for breakfast, a decent lunch, and a homegrown supper like I used to.”

This is the country that we live in now.

Once upon a time, we had the largest and most prosperous middle class in the history of the world, but now the middle class is being systematically destroyed.

The cost of living is increasing faster than our paychecks are, and that means that our standard of living is going down.

For example, it is being reported that housing is more unaffordable right now than it was at any time during the last housing crash…

The Atlanta Fed’s Housing Affordability Monitor, which compares median home prices and other housing costs with median household income, shows that housing affordability is worse today than during the peak of the 2008 housing bubble. As of December, the median American household would have to spend about 42.9% of their income to afford the median-priced house, according to the index.

Auto loans have become extremely oppressive as well, and now that the economy is going downhill the number of Americans getting behind on their payments is rapidly increasing…

Borrowers with low credit scores are falling behind on their car loan payments as inflation eats away at consumer spending power.

A report from Cox Automotive found 1.89% of auto loans in January were “severely delinquent” and at least 60 days behind payment, the highest rate since 2006.

Unfortunately, this is just the beginning.

We are in the early chapters of a major economic downturn, and the tsunami of layoffs that we have been witnessing is going to get a lot worse.

In fact, we just learned that Salesforce will be giving the axe to approximately 8,000 highly valued workers…

Salesforce, the cloud-based “customer relationship management” software colossus co-helmed by the definitely-not-Hawaiian Marc Benioff, is the latest in a slew of tech giants to lay off thousands of employees, The Wall Street Journal reports.

Per the WSJ, the company will be letting go of 8,000 members from its massive workforce, formerly referred to by Benioff — who, again, is definitely not Hawaiian — as the “Salesforce ohana,” ohana being the Hawaiian name for “family.” (Salesforce stepped away from using that and other Hawaiian terminology and practices back in 2019 due to cultural appropriation concerns.)

The economic despair that we are already witnessing should break all of our hearts, but it is just the tip of the iceberg.

As economic conditions continue to deteriorate, the suffering that we will eventually see will be off the charts.

And when people get desperate, they can often do desperate things.

Earlier today, I was horrified to learn that Antifa just attacked a police facility in the Atlanta area…

Antifa are domestic terrorists and I’m introducing my resolution to officially declare them a terrorist organization on
Tuesday. https://t.co/GTg7XqsmoL

— Rep. Marjorie Taylor Greene (@RepMTG) March 6, 2023

That attack appears to have been politically motivated, but I believe that much of the civil unrest that we will eventually see will be sparked by economic turmoil.

When people don’t have enough food to eat, they tend to get really angry.

And at this moment hunger is spreading like wildfire all across America.

You better buckle up, because we are about to experience a very bumpy ride.

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

About the Author: My name is Michael and my brand new book entitled “End Times” is now available on Amazon.com.  In addition to my new book I have written six other books that are available on Amazon.com including “7 Year Apocalypse”, “Lost Prophecies Of The Future Of America”, “The Beginning Of The End”, 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 copies as gifts 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 Blog, End 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 definitely 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 invite Jesus Christ to be your Lord and Savior today.

If you truly wanted complete and total privacy, you would need to give up nearly all of the technology that you are currently using.  I wish that wasn’t true, but this is the reality of the world in which we now live.  The “Big Brother surveillance grid” is constantly growing and evolving all around us, and those that are using it to watch, monitor, track, influence and control us have an insatiable appetite for more data.  They are constantly pushing the envelope, and most people don’t seem to care.  But if we don’t stand up for our rights now, eventually we will find ourselves living in a society where there is absolutely no privacy at all.

In fact, many would argue that we are already there.

Recently, I was horrified to learn that researchers have been working on a way to use WiFi to look through the walls of our homes to see what we are doing.  The following is a brief excerpt from a Vice article entitled “Scientists Are Getting Eerily Good at Using WiFi to ‘See’ People Through Walls in Detail”…

Researchers at Carnegie Mellon University developed a method for detecting the three dimensional shape and movements of human bodies in a room, using only WiFi routers.

To do this, they used DensePose, a system for mapping all of the pixels on the surface of a human body in a photo. DensePose was developed by London-based researchers and Facebook’s AI researchers. From there, according to their recently-uploaded preprint paper published on arXiv, they developed a deep neural network that maps WiFi signals’ phase and amplitude sent and received by routers to coordinates on human bodies.

As we have seen with so many other highly intrusive surveillance technologies, those that have developed this method are touting the benefits that it could have…

The researchers ague that their Wi-Fi approach to imaging humans in households could be applied to home healthcare, where patients may not want to be monitored with a camera in places like the bathroom or with other sensors and tracking devices.

No matter how old I get, I don’t ever want anyone using any technology to monitor me while I am taking a dump.

If that makes me old-fashioned, so be it.

Sadly, this is not the first time that researchers have developed this sort of technology.

Most people don’t realize this, but scientists have been working on ways to see through our walls for about a decade…

Researchers have been working on “seeing” people without using cameras or expensive LiDAR hardware for years. In 2013, a team of researchers at MIT found a way to use cell phone signals to see through walls; in 2018, another MIT team used WiFi to detect people in another room and translate their movements to walking stick-figures.

Did you know that cell phone signals can be used “to see through walls”?

Neither did I.

Of course cell phones are probably the most comprehensive surveillance devices ever created, and the vast majority of us willingly carry them around wherever we go.

If you don’t get what I am talking about, perhaps this information from the American Bar Association will help you to understand…

Depending on the number of apps installed, a cell phone may send data regarding its location thousands of times per day. Indeed, some phone apps will share as many as 200 individually time-stamped location data points within a 12-hour interval. These data are sent in real time to multiple companies, each of which can track the phone in real time or retrace the phone’s path by analyzing the logged historical data. According to the Times, every minute of every day, everywhere on the planet, dozens of companies . . . largely unregulated, little scrutinized . . . are logging the movements of tens of millions of people with mobile phones and storing the information in massive data files.

Location data are collected by companies along with millions of other data points, commonly packaged and sold as marketing analysis to advertisers, financial institutions, real estate investors, and other third parties. Location data are particularly lucrative to advertisers, who use it to determine the places people frequent and the times they go to these locations.

Nothing you do on your cell phone is private.

Ever.

And your cell phone makes a record of every location that you visit.

So you better not get into trouble while carrying your phone, because law enforcement agencies can use cell phone data “to follow people’s movements months back in time”…

Local law enforcement agencies from suburban Southern California to rural North Carolina have been using an obscure cellphone tracking tool, at times without search warrants, that gives them the power to follow people’s movements months back in time, according to public records and internal emails obtained by The Associated Press.

Police have used “Fog Reveal” to search hundreds of billions of records from 250 million mobile devices, and harnessed the data to create location analyses known among law enforcement as “patterns of life,” according to thousands of pages of records about the company.

We really do live in a “Big Brother society”, and there is no going back.

In fact, things will only get worse in the years ahead.

Last week, I was greatly disappointed to learn that Ford has just patented technology that can remotely control your vehicle…

Ford Motor Co. has filed for a patent on technology that could remotely shut down your radio or air conditioning, lock you out of your vehicle, or prompt it to ceaselessly beep if you miss car payments. Ford said it has no plans to use the technology, contained in just one of the many patents filed by the auto-making giant.

Still, it emerges at a troubling time for car owners. Loan delinquencies have been steadily ticking back up from their pandemic lull. Cox Automotive data showed severely delinquent auto loans in January hitting their highest point since 2006. The use of technology to aid repossessions isn’t new, but the patent application is wide-ranging, even proposing the idea that an autonomous vehicle could drive itself to a “more convenient” location to be collected by a tow truck.

I don’t think that I will be buying a Ford any time soon.

Of course it is just a matter of time before all of the auto companies are using similar technologies.

A decade ago, I included several cutting edge surveillance technologies in a novel that I wrote, but since that time the “Big Brother surveillance grid” has gotten exponentially more intrusive.

So why aren’t more people upset about this?

Why aren’t such technologies a major political issue?

They have herded all of us into a giant technological cage, and the vast majority of the population has willingly accepted it.

So they are just going to keep pushing things even further, because at this point they are experiencing very little resistance at all.

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

About the Author: My name is Michael and my brand new book entitled “End Times” is now available on Amazon.com.  In addition to my new book I have written six other books that are available on Amazon.com including “7 Year Apocalypse”, “Lost Prophecies Of The Future Of America”, “The Beginning Of The End”, 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 copies as gifts 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 Blog, End 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 definitely 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 invite Jesus Christ to be your Lord and Savior today.

By the end of this month, there will be no more Walmart stores in Portland.  More than 641,000 people live within the city limits of Portland, and so you would think that there should be a lot of money to be made there.  But Walmart has decided to wave the white flag.  Portland has been transformed into a complete and utter hellhole, and apparently Walmart executives have determined that things are not going to turn around any time soon.  So they have announced that the last two Walmart stores in Portland that were still operational will be permanently shut down by the end of March…

The last two Walmart stores within Portland’s city limits will close in late March, the company announced.

The locations, at 1123 North Hayden Meadows Drive and at 4200 Southeast 82nd Avenue at the Eastport Plaza, will both close on Friday, March 24. Walmart says they are closing the stores because they were not meeting financial expectations.

A spokesperson for Walmart used very careful language to explain why these stores are being closed…

“The decision to close these stores was made after a careful review of their overall performance. We consider many factors, including current and projected financial performance, location, population, customer needs, and the proximity of other nearby stores when making these difficult decisions. After we decide to move forward, our focus is on our associates and their transition, which is the case here,” a spokesperson with Walmart said.

Of course this isn’t exactly the truth.

But what do you expect Walmart to say?

Do you expect a corporate spokesperson to admit that Walmart is leaving Portland because it has become a drug-ridden, crime-infested hellhole?

One customer that was interviewed about the store closings addressed the real reason why Walmart is leaving…

“We gotta resolve the shoplifting one way or another,” she added, addressing the topic of retail theft at the city’s locations, “because that is simply the problem. It’s gotta stop.”

At this point, much of Portland has been turned into a giant tent city for the homeless.

And a very high percentage of the homeless are addicted to drugs.

The only way that many of those addicts can fund their addictions is by theft, and as I noted in an article that I posted yesterday, over 2,600 downtown businesses have left Portland in recent years as a result…

Business owners are fleeing Portland in droves amid a pronounced rise in crime and homelessness, officials in the Democratic stronghold have revealed.

Public data shows that since the pandemic, more than 2,600 downtown businesses have filed changes of address with the U.S. Postal Service to leave their downtown ZIP codes.

Several big-name employers, such Umpqua Bank, have been among the mass exodus, carried out by owners who have taken issue with the rising crime levels and homelessness – and the city’s failure to address it.

We really are in the midst of the worst drug crisis in the entire history of our country.

And it is getting worse with each passing year.

We have also just learned that Amazon will be shutting down retail locations in New York City, Seattle and San Francisco…

Amazon plans to close eight of its Go convenience stores, the company said Friday, a decision that coincides with a pullback in its physical footprint and a broader effort to cut costs.

The company will shut two Go stores in New York City, two locations in Seattle, and four stores in San Francisco. The stores will close on April 1, and Amazon said it will work to help affected employees secure other roles at the company.

Needless to say, all three of those cities are also dealing with massive crime waves that are being fueled by desperate drug addicts.

And is it just a coincidence that virtually all of the major cities that are having enormous problems with crime are run by Democrats?

Look, the truth is that our entire country is rapidly degenerating all around us, and that includes areas run by Republicans.

But the far left policies that have been implemented by radical Democrats all over America have clearly been a complete failure.

In 2022, the ten states with the highest official rates of unemployment were all run by Democrats…

The ten states with the highest unemployment rates in 2022 were: Nevada (5.4 percent), whose governor was Democrat Steve Sisolak; Illinois (4.6 percent), whose  governor was Democrat J.B. Pritzker; Delaware (4.5 percent) whose governor was Democrat John Carney; Pennsylvania (4.4. percent), whose governor was Democrat Tom Wolf; New York (4.3 percent), whose governor was Kathy Hochul; Washington (4.2 percent), whose governor was Democrat Jay Inslee; Oregon (4.2 percent), whose governor was Democrat Kate Brown; Michigan (4.2 percent), whose governor was Democrat Gretchen Whitmer; Connecticut (4.2 percent), whose governor was Democrat Ned Lamont; and California (4.2 percent), whose governor was Democrat Gavin Newsom.

Do you think that is just a coincidence?

Sadly, it isn’t just our society that is deteriorating.

As Egon von Greyerz has aptly noted, the entire world “has been in a process of self-destruction” for a very long time…

For at least half a century, the world has been in a process of self-destruction.

As the decline accelerates, the next phase of 5-10 years will include major political, social, economic as well as wealth – destruction.

What can be more heinous than a total economic and financial collapse accompanied by a potential World War III that at worst could destroy the world totally.

Sadly, he is quite correct.

If we stay on this self-destructive path, the consequences are going to be far more horrible than most people are even willing to imagine right now.

So let us hope that we reverse course while there is still time to do so.

Unfortunately, evil continues to spread like wildfire all throughout our society, and the clock is ticking.

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

About the Author: My name is Michael and my brand new book entitled “End Times” is now available on Amazon.com.  In addition to my new book I have written six other books that are available on Amazon.com including “7 Year Apocalypse”, “Lost Prophecies Of The Future Of America”, “The Beginning Of The End”, 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 copies as gifts 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 Blog, End 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 definitely 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 invite Jesus Christ to be your Lord and Savior today.

Americans need to be prepared to eat a lot less beef, because the size of the national cattle herd is steadily shrinking.  And of course this is happening in the context of a much larger crisis.  As I detailed in a previous article, even CNN is admitting that we are currently in the midst of “the worst food crisis in modern history”.  But even though children are literally dropping dead from starvation on the other side of the planet, a lot of people here in the United States refuse to take this crisis seriously.  As long as their stomachs are full they think that everything is just fine.  But the truth is that conditions are also starting to get tight here in the United States.

According to the latest biannual report from the USDA, the number of beef cows in this country has fallen to the lowest level since 1962…

The USDA’s biannual cattle report showed that, as of Jan. 1, 2023, there is a 89.3 million head inventory — which is three percent lower than the total from a year ago and the lowest since 2015. Of that number, 38.3 million cows and heifers have calved.

Additionally, there are 28.9 million beef cows, which are those explicitly bred for slaughter and meat sales, as of the start of this year — which is down nearly four percent from last year and the lowest the agency has recorded since 1962.

In 1962, 184 million people lived in the United States.

Today, that number has risen to 331 million.

So we have a problem.

But even though beef prices have been soaring, most Americans don’t realize the gravity of this shortage yet because we are still eating cattle that were slaughtered some time ago.

And according to livestock economist Kenny Burdine, “cattle production’s downward trend does not seem like it will reverse in 2023”…

University of Kentucky’s Kenny Burdine and James Mitchell, extension livestock economist for the University of Arkansas System Division of Agriculture, recently explained that “There was no question that the beef cow herd had gotten smaller” and that the cattle production’s downward trend does not seem like it will reverse in 2023.”

“There is a pretty substantial biological lag in the beef supply chain,” Mitchell noted. “What consumers experience at the grocery store is a product of what cattle producers were going through a year or two ago. It takes about two years for a new calf to become the steak on your dinner plate.”

The corporate media is already calling beef “a luxury meat”, and prices are inevitably going to go a lot higher in the months ahead.

So if you love beef, you should stock up now.

Meanwhile, food shortages continue to intensify all over the globe.

In Yemen, literally millions of children “suffer from acute malnutrition” at this point…

The Global Hunger Index currently ranks Yemen the worst in the world for level of hunger. Millions of Yemeni children, in some areas as many as 95% according to doctors in those areas that I spoke to, suffer from acute malnutrition.

The resulting stunted physical development had me convinced that I was in a kindergarten classroom when in fact I was meeting with eight and nine-year-olds. And those children were, as a colleague unnervingly put it, “the lucky ones.”

In North Korea, ordinary citizens are “reportedly dropping dead on the streets every day” due to the severe famine that is taking place in that nation…

THIS is the moment Kim Jong-un and his cronies gorged on popcorn and champagne as North Korea faces the worst famine in three decades.

Stockpiles of food are dwindling fast in the secretive state, and dozens of malnourished North Koreans are reportedly dropping dead on the streets every day.

In Somalia, the “longest and most severe” drought in that country’s history has produced unprecedented suffering…

About 1.3 million people, 80 percent women and children, have been internally displaced in Somalia by the drought sweeping the Horn of Africa. After five consecutive poor rainy seasons, the ongoing drought has already become the longest and most severe in Somalia’s recent history.

Close to 23 million people are thought to be highly food insecure in Somalia, Ethiopia and Kenya, according to a food security working group chaired by the UN Food and Agriculture Organization and the regional Intergovernmental Authority on Development.

Sadly, most of us in the western world don’t care about poor people on the other side of the globe.

So let me give you an example from the western world.

In the UK, the largest supermarkets are now strictly rationing many fruits and vegetables…

The UK’s largest supermarket, Tesco, and discounter Aldi have said they are putting limits of three per customer on sales of tomatoes, peppers and cucumbers.

Asda has capped sales of lettuces, salad bags, broccoli, cauliflowers and raspberry punnets to three per customer, along with tomatoes, peppers and cucumbers.

And Morrisons has set limits of two on cucumbers, tomatoes, lettuces and peppers.

And it is being reported that approximately 22 percent of all British households “skipped meals or even fasted for a whole day in January”…

A British NGO has warned that as many as four million children are now in food poverty amid the ongoing cost-of-living crisis.

The survey on behalf of the Food Foundation, an NGO which promotes healthy eating, found that 22 percent households said they had skipped meals or even fasted for a whole day in January this year, an increase on the 12 percent reporting the same at the start of last year.

This is really happening.

But it can be really easy for those that still have plenty of food to turn a blind eye to the suffering of others.

Sadly, this is just the beginning.

As I prove in my new book, global food production will drop precipitously in the years ahead no matter what our leaders do now.

We are running out of top soil, fertilizer supplies will become insanely tight in the years ahead, and trillions of extremely small particles of plastic are literally raining out of the sky on farms all over the planet.

Many of our leaders understand what is going to happen, but they don’t want to alarm the general public.

Those that are wise will see what is happening and will get prepared.

Unfortunately, most of the population continues to assume that everything will magically work out just fine somehow, and so they will not be ready for the horrors that are ahead of us.

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

About the Author: My name is Michael and my brand new book entitled “End Times” is now available on Amazon.com.  In addition to my new book I have written six other books that are available on Amazon.com including “7 Year Apocalypse”, “Lost Prophecies Of The Future Of America”, “The Beginning Of The End”, 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 copies as gifts 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 Blog, End 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 definitely 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 invite Jesus Christ to be your Lord and Savior today.