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For centuries, the Vatican has been carefully guarding their most precious secrets.  In recent years, that has been especially true regarding what they know about UFOs, aliens and the mysteries of the universe.  So why have they chosen this exact moment in history to publicly talk about these things?  The press conference at the Vatican on Thursday is the very first time that the Vatican has held a press conference about UFOs, aliens and “apparitions” since 1978.  So this is a really big deal.  It is being reported that the Vatican has decided to issue new guidelines “on aliens and how it will deal with potential encounters in the future”…

The Vatican has announced that it is set to hold a press conference on “supernatural phenomena” tomorrow, and it will touch on aliens and how it will deal with potential encounters in the future.

According to a notice on the Vatican’s website, it will kick of at noon tomorrow, and will feature three prominent Vatican members.

Being held to “present the new provisions of the Dicastery for the Doctrine of the Faith for discerning between apparitions and other supernatural phenomena,” it will be led by Cardinal Victor Manuel Fernandex, Messenger Armando Matteo and Daniela Del Gaudio.

If the Vatican feels a need to issue guidelines about how to “deal with potential encounters in the future”, that seems to imply that they believe that there will be “potential encounters in the future”.

What do they know that they aren’t telling us?

Probably a lot.

The last time that the Vatican did something like this was all the way back in February 1978…

The last time the Vatican’s doctrinal office issued norms for evaluating alleged apparitions and reports of supernatural events was in February 1978.

At the time, the prefect, Cardinal Franjo Seper, said the norms were necessary given how news of alleged apparitions spreads rapidly thanks to the mass media.

What has changed between then and now?

One thing that has changed is that the current pope seems to be quite interested in the topic of aliens.

In comments that he made near the end of 2023, Pope Francis seemed to suggest that aliens could actually be baptized…

However, Pope Francis did touch on aliens at the end of last year, when he was talking about how early Christians discussed associating with “Jews and Gentiles” – which, for some reason, he compared to aliens.

He said: “That was unthinkable. If, for example, tomorrow an expedition of Martians came, and some of them came to us, here…Martians, right? Green, with that long nose and big ears, just like children paint them…And one says, ‘But I want to be baptized!’ What would happen?”

He didn’t answer his own question, but added: “It was never the ministry of the closed door, never,”

So he plans to have an “open door” for the aliens?

What would that look like?

The producer of a new documentary entitled “God Versus Aliens” seems to believe that the Vatican wants to prepare us for the day when humanity finally makes contact with such beings…

The documentary ‘God Versus Aliens’ is to premiere at the Cannes Film Festival and reveal the Vatican’s secrets about UFOs.

The award-winning filmmaker Mark Christopher Lee says that the Vatican publishing new guidance on apparitions means that the full disclosure about the UFO phenomena is getting closer.

He said: “The Vatican has been studying UFOs for decades and even has its own Cardinal appointed to deal with first contact. From my research I believe that this new guidance on apparitions is proof that they know that UFOs are more than just physical crafts from other worlds and that they have a paranormal side to them.”

What most people don’t realize is that the Vatican has been on the cutting edge of the search for extraterrestrial life for a long time.

The Vatican Observatory in Rome is very well funded, and the Vatican also has a “research group” that uses the very high-powered equipment at the University of Arizona in Tucson…

Many people are surprised to learn that the Vatican even has an observatory. The history of the Vatican Observatory goes back two and a half centuries. During its history, there has been some turmoil and several moves to escape the light and other hindrances that large cities, such as Rome, pose to doing astronomy. Therefore, more than a half-century ago the Vatican Observatory established a research group at the Steward Observatory of the University of Arizona in Tucson, while the Vatican Observatory’s headquarters remained in Italy.

Needless to say, the Vatican isn’t going to tell us everything that they know right now.

But a couple of things have become quite clear.

Number one, the Vatican believes that extraterrestrial life exists.

Number two, the Vatican plans to develop a positive relationship with any “aliens” that do make contact with humanity.

Could all of this be setting us up for a great deception of absolutely epic proportions?

While he was still alive, author Tom Horn made the following observation…

Why the Vatican has taken this carefully designed and deliberate course over the last few years is the greater mystery, but implies knowledge on their part of facts yet hidden to most of the world that may hold far-reaching and historic implications. It also illustrates how Rome has wittingly or unwittingly set itself up to become the agent of mass end-times deception regarding “salvation from above.” That’s because, historically, there exists a clear pattern wherein man’s psychological need of a savior is displayed during times of distress—a time like today—when people look skyward for divine intervention.

It is true.

When things get bad enough, the world is going to be looking for a savior.

And if a “superior race” appears on the scene that seems to have all the answers, many people out there will fully embrace them.

For decades, books, movies and television shows have conditioned us to expect that someday we will interact with “aliens” from another planet.  100 years ago, everyone would have dismissed such talk as nonsense, but now we have been well prepared for the great deception that is eventually coming.

Sadly, the Vatican seems to be quite ready to welcome “aliens” as their new best friends, and that is extremely unfortunate.

Michael’s new book entitled “Chaos” is available in paperback and for the Kindle on Amazon.com, and you can subscribe to his Substack newsletter at michaeltsnyder.substack.com.

About the Author: Michael Snyder’s extremely controversial new book entitled “Chaos” is available in paperback and for the Kindle on Amazon.com. He has also written seven other books that are available on Amazon.com including “End Times”, “7 Year Apocalypse”, “Lost Prophecies Of The Future Of America”, “The Beginning Of The End”, and “Living A Life That Really Matters”.  When you purchase any of Michael’s books you help to support the work that he is doing.  You can also get his articles by email as soon as he publishes them by subscribing to his Substack newsletter.  Michael has published thousands of articles on The Economic Collapse Blog, End Of The American Dream and The Most Important News, and he always freely and happily allows others to republish those articles on their own websites.  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, we strongly urge you to invite Jesus Christ to be your Lord and Savior today.

A series of enormous geomagnetic storms is about to start pummeling our planet, and some of the most important technologies that we depend on are potentially at risk.  For the very first time in nearly 20 years, the NOAA has issued a severe geomagnetic storm watch.  We were initially warned that “at least five earth-directed coronal mass ejections” were headed our direction, but now it is at least six.  These coronal mass ejections originated from Sunspot AR3664, which has now become almost as large as the infamous Carrington sunspot of 1859.  It is being reported that Sunspot AR3664 is nearly 200,000 kilometers wide.  That is about 15 times wider than Earth.  Six gigantic coronal mass ejections that have been unleashed by this sunspot will hit our planet over the next few days, but as you will see below, authorities won’t know their true power until Friday night.

Until authorities know the true power of these storms, we won’t know how much danger we are facing.

Hopefully this will turn out to be a minor event.

But scientists are concerned enough already that they have issued the first severe geomagnetic storm watch since 2005…

A rare and powerful solar storm may occur in outer space today which could wreak havoc on earth, officials have warned – the first in nearly 20 years if it happens.

At least five streams of plasma, known as coronal mass ejections (CMEs), are heading toward Earth, prompting the National Oceanic and Atmospheric Administration (NOAA) to issue a severe geomagnetic storm watch for Friday into the weekend.

This is the first such alert aired since 2005 when Earth was hit with the highest dose of radiation in a half-century.

Another coronal mass ejection has been confirmed since the initial warning was issued, so at least six major storms are approaching our planet.

SIX SOLAR STORMS ON THEIR WAY TO EARTH pic.twitter.com/ruAlL5RGD4

— SpaceWeatherNews (@SunWeatherMan) May 10, 2024

Needless to say, a lot of people are wondering if our power grids could be at risk from these storms.

At this point, the NOAA is warning that during these storms “some protective systems may mistakenly trip out key assets from the power grid”…

Severe space weather can jeopardize power grids, according to NOAA, whose alert this week said to expect “possible widespread voltage control problems” and that “some protective systems may mistakenly trip out key assets from the power grid.”

In 1989, a space weather event led to a massive blackout in Quebec, Canada for more than nine hours after geomagnetic fluctuations damaged transformers and other important equipment.

In October, an extreme geomagnetic storm stronger than the one predicted for this weekend led to power outages in Sweden and damaged power transformers in South Africa, the SWPC said.

The largest known geomagnetic storm in history, known as the Carrington Event of 1859, caused telegraph stations to spark and catch fire.

If you lose power on Friday, Saturday or Sunday, there is a good chance that the power loss has been caused by one of these geomagnetic storms.

Authorities are telling us that it is not likely that we will experience a G5 event, but one official at the Space Weather Prediction Center has admitted to the press that he is anticipating a “big shock arrival”…

In a call with reporters on Friday, Shawn Dahl, service coordinator at the Space Weather Prediction Center, said that some CMEs “are catching up with other ones.” He said officials are expecting a “big shock arrival” when they hit Earth. Dahl said while officials aren’t predicting a G5 storm – the strongest of geomagnetic storms – they also can’t discount a “low-end G5 event.”

“We’re really buckling down here,” Brent Gordon, chief of the space weather services branch, also said on the call.

But I want to emphasize that what they are telling us publicly is what they are guessing will happen.

The truth is that they don’t know anything for sure yet.

As CBS News has reported, the actual strength of these storms will not be known until they are about a million miles from our planet…

The true strength of the storm won’t be known until roughly 8 p.m. ET on Friday when the CMEs are about a million miles from Earth.

“When we see those arrive, that’s when we’ll know the intensity,” Dahl said.

So I would pay close attention to the news on Friday night.

This could turn out to be a relatively minor incident.

Or it could be the biggest solar disaster since the Carrington Event in 1859.

Or it could be somewhere in between.

Hopefully most of my readers are well prepared for any scenario.

The following comes directly from the official warning that the NOAA issued about these storms…

NOAA’s Space Weather Prediction Center (SWPC) — a division of the National Weather Service — is monitoring the sun following a series of solar flares and coronal mass ejections (CMEs) that began on May 8. Space weather forecasters have issued a Severe (G4) Geomagnetic Storm Watch for the evening of Friday, May 10. Additional solar eruptions could cause geomagnetic storm conditions to persist through the weekend.

A large sunspot cluster has produced several moderate to strong solar flares since Wednesday at 5:00 am ET. At least five flares were associated with CMEs that appear to be Earth-directed. SWPC forecasters will monitor NOAA and NASA’s space assets for the onset of a geomagnetic storm.

CMEs are explosions of plasma and magnetic fields from the sun’s corona. They cause geomagnetic storms when they are directed at Earth. Geomagnetic storms can impact infrastructure in near-Earth orbit and on Earth’s surface, potentially disrupting communications, the electric power grid, navigation, radio and satellite operations. SWPC has notified the operators of these systems so they can take protective action. Geomagnetic storms can also trigger spectacular displays of aurora on Earth. A severe geomagnetic storm includes the potential for aurora to be seen as far south as Alabama and Northern California.

As I detail in my most recent book, the sun has been exhibiting very strange behavior for quite some time.

And now solar activity appears to be reaching some sort of bizarre crescendo.

Whether it happens this weekend or not, I believe that this will eventually be a huge story.

So keep watching the skies, because the giant ball of fire that we revolve around is becoming increasingly unstable.

Michael’s new book entitled “Chaos” is available in paperback and for the Kindle on Amazon.com, and you can check out his new Substack newsletter right here.

About the Author: Michael Snyder’s extremely controversial new book entitled “Chaos” is available in paperback and for the Kindle on Amazon.com. He has also written seven other books that are available on Amazon.com including “End Times”, “7 Year Apocalypse”, “Lost Prophecies Of The Future Of America”, “The Beginning Of The End”, and “Living A Life That Really Matters”.  When you purchase any of Michael’s books you help to support the work that he is doing.  You can also get his articles by email as soon as he publishes them by subscribing to his Substack newsletter.  Michael has published thousands of articles on The Economic Collapse Blog, End Of The American Dream and The Most Important News, and he always freely and happily allows others to republish those articles on their own websites.  You can connect with Michael on YouTube, Facebook and Twitter, and sharing his articles on your own social media accounts 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, we strongly urge you to invite Jesus Christ to be your Lord and Savior today.

We are witnessing an explosion of cancer in the United States that is absolutely unprecedented.  As you will see below, it is being projected that the number of new cases of cancer in the U.S. will hit a brand new record high this year, and cancer rates are rising particularly rapidly among our young people.  There have been so many prominent individuals in the news that have been diagnosed with cancer recently, and so many people that I personally know have also been diagnosed with cancer recently.  I am sure that most of you also personally know people that have been affected by this disease.  Of course cancer has been one of the leading causes of death for a very long time, but we have never witnessed anything quite like this.

According to the American Cancer Society, this year the number of newly diagnosed cases of cancer will surpass  the 2 million mark for the first time ever…

Cancer incidence, however, is on the rise for many common cancers. In the coming year, we’re expecting to hit a bleak milestone—the first time new cases of cancer in the US are expected to cross the 2-million mark. That’s almost 5,500 cancer diagnoses a day.

This trend is largely affected by the aging and growth of the population and by a rise in diagnoses of 6 of the 10 most common cancers—breast, prostate, endometrial, pancreatic, kidney, and melanoma. (The other 4 top 10 cancers are lung, colon and rectum, bladder, and non-Hodgkin lymphoma.)

This is such a great tragedy.

Millions of Americans are dying way too early.

Once upon a time, cancer was considered to be a disease that would strike in old age, but now cancer rates among our young people are absolutely exploding…

According to a new study published this week in BMJ Oncology, cancer rates worldwide have risen dramatically in people under the age of 50.

Researchers examined data from 204 countries between 1990 and 2019. They found that there were more than 3.26 million early-onset cancer cases reported in those countries in 2019, up from 1.82 million in 1990, an increase of 79.1%.

The study defined early-onset cancer as a diagnosis that occurs between the ages of 14 and 49.

I don’t know why researchers only looked at numbers through 2019.

Personally, I would love to see what the figures for the last several years look like.

But everyone agrees that cancer rates among young people are surging like never before.

For example, one study discovered that the number of women under the age of 25 being diagnosed with pancreatic cancer has increased by close to 200 percent since the 1990s…

A ‘frightening’ explosion of young women developing one of the deadliest cancers has baffled experts.

Rates of pancreatic cancer have soared by up to 200 per cent in women under the age of 25 since the 1990s.

Overall, incidences of the disease — which has a five-year survival rate of just 5 per cent — have increased by around 17 per cent over the same time-span, with soaring obesity rates suspected to be behind the trend.

Young people are also getting colon cancer at a staggering rate.

In fact, it is being projected that the number of young people under the age of 40 that will die from colon cancer each year will double by the year 2030…

These findings come at a time when colon cancer deaths among people under 40 are expected to double by 2030, and it is projected to be the number one cause of cancer deaths in young people by the end of the decade.

Overall, rates of all types of gastrointestinal cancer among our young people are skyrocketing, and this has experts deeply alarmed…

Gastrointestinal cancer diagnoses in Americans under 50 climbed drastically over a decade, with the starkest rise occurring in under-19s, at 109 percent.

And the number of GI cancers among children under 19 more than doubled from 2010 to 2019 and overall incidence of GI cancers among under-50s rose by 15 percent.

GI cancers include those in the stomach, esophagus, colon and rectum, liver, pancreas, anus, gall bladder, and small intestine.

The fact that so many young people are getting cancer will mean lots of cash for the cancer industry during the years ahead.

According to the CDC, more than 240 billion dollars will be spent on cancer care in the United States on a yearly basis by 2030.

Just think about that.

That is close to a quarter of a trillion dollars.

If a cure for cancer was found, all of that money would go away.

Unfortunately, cancer rates are likely to continue to go up.

We are being told that approximately 40 percent of all Americans will be diagnosed with cancer at some point in their lives, but at the rate that we are going it won’t be too long before that figure hits 50 percent.

Today, we live in a society that is incredibly toxic.

Let me give you an example.  According to one recent study, the air that we breathe as we drive our vehicles can literally cause cancer…

Tens of millions of Americans each day breathe in carcinogenic chemicals that are woven into the interiors of their cars, a new study has found.

While opening a window can help reduce the risk, only reforms can keep people safe, researchers wrote in a study in Environmental Science and Technology.

There isn’t anything that we can do about this, because federal law has mandated the use of these carcinogenic chemicals since the 1970s…

Approximately 124 million Americans commute each day, spending an average of an hour in their cars.

By federal law, the interior of these vehicles are required to contain flame retardants, or chemicals that make it harder for them to combust in a crash.

These chemicals have been a legally mandated part of modern cars since the 1970s, when the National Highway Traffic Safety Administration (NHTSA) passed a law requiring their use.

Let me give you another example.

Most of our diets are heavily made up of sugary and fatty foods, and a study that was just conducted in Singapore has found that “a compound released when the body breaks down sugary and fatty foods” is linked to higher rates of cancer…

A study in Singapore looked at the effect of methylglyoxal, a compound released when the body breaks down sugary and fatty foods, on a gene that helps fight off tumors.

In a first, the academics found that methylglyoxal was able to temporarily shut off the BRCA2 gene’s ability to protect against cancer forming and growing.

Doctors have known for decades that eating junk food is linked to a much higher risk of cancer, even if the person is not obese, but the exact mechanism is still being understood.

Needless to say, those two studies are just the tip of the iceberg.

Our air, our water, our soil, our food and thousands of products all around us are absolutely saturated with cancer-causing toxins.

I very much encourage everyone to minimize the risks, but it impossible to totally avoid them.

This is one of the reasons why I proclaim a message of hope to my readers, because the environment in which we live has been transformed into a toxic hell.

We are literally committing societal suicide in so many different ways, and our leaders have absolutely no intention of changing course.

Michael’s new book entitled “Chaos” is available in paperback and for the Kindle on Amazon.com, and you can check out his new Substack newsletter right here.

About the Author: Michael Snyder’s extremely controversial new book entitled “Chaos” is available in paperback and for the Kindle on Amazon.com. He has also written seven other books that are available on Amazon.com including “End Times”, “7 Year Apocalypse”, “Lost Prophecies Of The Future Of America”, “The Beginning Of The End”, and “Living A Life That Really Matters”.  When you purchase any of Michael’s books you help to support the work that he is doing.  You can also get his articles by email as soon as he publishes them by subscribing to his Substack newsletter.  Michael has published thousands of articles on The Economic Collapse Blog, End Of The American Dream and The Most Important News, and he always freely and happily allows others to republish those articles on their own websites.  You can connect with Michael on YouTube, Facebook and Twitter, and sharing his articles on your own social media accounts 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, we strongly urge you to invite Jesus Christ to be your Lord and Savior today.

The Federal Reserve is stuck between a rock and a hard place.  If the Fed pushes rates higher, interest payments on our 34 trillion dollar national debt could spin wildly out of control and bank balance sheets will be in even worse condition than they are now.  First Republic just bit the dust, and literally thousands of other small and mid-size banks and in serious jeopardy.  So it would be suicidal to hike rates at this point.  But if the Fed were to reduce rates, that would be like injecting jet fuel into a raging fire.  Our ongoing inflation crisis is absolutely crushing working families, and the rising cost of living has risen to the top of the list of things that U.S. voters are concerned about.  The Fed seems very hesitant to cut rates, because that would make inflation even worse.  So at this point the Fed is essentially caught in a “deer in the headlights” moment because it doesn’t know which way to go.

But staying on the path that we are currently on is only going to end in disaster.

Mark Spitznagel, the chief investment officer of Universa Investments, recently warned that he believes that the “worst market crash since 1929” is ahead of us…

One of Wall Street’s most bearish skeptics told Business Insider last month that he thinks the “worst market crash since 1929” is coming.

For years, our leaders have been “kicking the can down the road”, but according to Spitznagel all of that intervention has set the stage for an absolutely epic collapse…

In an interview with New York Magazine’s Intelligencer last year, Spitznagel likened the Fed’s “constant monetary intervention” to forest fire suppression.

He went on to say “when you suppress it enough, it gets to a point where you can no longer afford to have any fires burn because they would be too big and too intense.”

That’s where the U.S. economy is at, according to the hedge fund manager.

If Spitznagel’s dire market predictions come true, you really don’t want to have all of your eggs in one basket — because that basket could easily go up in flames.

In the months ahead, we will want to keep a very close eye on our banks.

Our banks are the beating heart of our economic system, because without the banks we would not have a functioning economy.

The banks are where we get mortgages to buy homes, auto loans to buy vehicles, and credit cards to go on shopping sprees.

Without the credit they provide, we would be in a world of hurt.

Unfortunately, our banks are in very serious trouble right now.

Higher interest rates have blown a hole that is hundreds of billions of dollars wide in their balance sheets.

And they are sitting on mountains of commercial real estate loans that are going bad because the value of commercial real estate has collapsed all over the nation.

One consulting firm that examined data from approximately 4,000 U.S. banks is warning that hundreds more banks could potentially fail during this crisis…

According to recent reports, hundreds of banks face the potential of failing just like Republic First Bancorp.

Consulting firm Klaros Group analyzed roughly 4,000 U.S. banks and found that the banks face a threat of losses due to “secular changes in social patterns accelerated by the COVID pandemic (such as work-from-home, which has materially impacted demand for office space) and to the impacts of higher interest rates and related inflation.”

“You could see some banks either fail or at least, you know, dip below their minimum capital requirements,” Christopher Wolfe, managing director and head of North American banks at Fitch Ratings told CNBC in an interview.

Meanwhile, we continue to get even more signs that the overall economy is really slowing down.

For example, we just learned that Rue21 is going to be shutting down all 543 of their stores…

Rue21 – the teen fashion chain that is a fixture in malls across America – is to shut all 543 US stores.

Customers will be able to pick up deals while the company clears its stock over the next four to six weeks – but then the 40-year-old chain will be gone forever. At its peak, it had 1,200 shops.

It is expected clearance items will start at 20 to 50 percent off then rise up to as much as 90 percent to clear stock that doesn’t initially sell.

All over America, stores are closing, businesses are fleeing our core urban areas, and once bustling office buildings are standing empty.

At this stage, everyone should be able to see where all of this is heading.

The Chinese certainly understand the direction that things are moving.  The following comes from an article entitled “China Is Buying Gold Like There’s No Tomorrow”…

“China is unquestionably driving the price of gold,” said Ross Norman, chief executive of MetalsDaily.com, a precious-metals information platform based in London. “The flow of gold to China has gone from solid to an absolute torrent.”

Gold consumption in the country rose 6 percent in the first quarter from a year earlier, according to the China Gold Association. It came on the heels of a 9 percent increase last year.

Chinese consumers are voraciously buying gold because their own economy is crumbling and they can see what is happening to the global economy as a whole.

At the same time, China’s central bank is gobbling up gold at an unprecedented rate…

Another major buyer of gold in China is the country’s central bank. In March, the People’s Bank of China added to its gold reserves for a 17th straight month. Last year, the bank bought more gold than any other central bank in the world, adding more to its reserves than it had in nearly 50 years.

Beijing is buying up gold to diversify its reserve funds and reduce its dependence on the U.S. dollar, long considered the most important currency to hold in reserve. China has been reducing its U.S. Treasury holdings for more than a decade.

Traditionally, buying gold and other precious metals has been a way to preserve your assets if you think that a major crisis is coming.

And the truth is that a major crisis has already begun.

I have been warning my readers that 2024 would be a very important year, and that has definitely turned out to be the case.

Of course all of this is very bad news for Joe Biden.

He had been hoping that an improving economy would help his chances in November, but instead there has been a dramatic shift in the wrong direction just as we enter the most critical months of campaign season.

Michael’s new book entitled “Chaos” is available in paperback and for the Kindle on Amazon.com, and you can check out his new Substack newsletter right here.

About the Author: Michael Snyder’s extremely controversial new book entitled “Chaos” is available in paperback and for the Kindle on Amazon.com. He has also written seven other books that are available on Amazon.com including “End Times”, “7 Year Apocalypse”, “Lost Prophecies Of The Future Of America”, “The Beginning Of The End”, and “Living A Life That Really Matters”.  When you purchase any of Michael’s books you help to support the work that he is doing.  You can also get his articles by email as soon as he publishes them by subscribing to his Substack newsletter.  Michael has published thousands of articles on The Economic Collapse Blog, End Of The American Dream and The Most Important News, and he always freely and happily allows others to republish those articles on their own websites.  You can connect with Michael on YouTube, Facebook and Twitter, and sharing his articles on your own social media accounts 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, we strongly urge you to invite Jesus Christ to be your Lord and Savior today.

People keep acting as if we are living in “normal” times, but the truth is that these are not “normal” times at all.  We are in the midst of a “perfect storm”, but most people in the general population don’t seem to realize this.  While the mainstream media is endlessly focused on political drama, our world is being deeply troubled by war, economic problems, food shortages, nightmarish pestilences and terrifying natural disasters.  But as bad as things are at this moment, I am entirely convinced that they are about to get a whole lot worse.

I would like to start by talking about war.  The IDF is preparing to conduct an operation in Rafah, and that could cause the entire Middle East to erupt in flames.  Israeli Prime Minister Benjamin Netanyahu is pledging that his forces will eventually move in no matter how negotiations for a temporary ceasefire with Hamas go.  Meanwhile, we just learned that Israel has just conducted airstrikes on the outskirts of Damascus…

Israeli aircraft have reportedly attacked a location on the outskirts of the Syrian capital of Damascus late Thursday (local), a security source told Reuters.

While there has been no immediate confirmation via Syrian state media, widely circulating images have emerged on social media showing plumes of smoke rising high over buildings which were struck.

It is just a matter of time before all-out war erupts in the region.

Speaking of all-out war, French President Emmanuel Macron is warning that French troops could be sent to Ukraine if Russian forces break through the Ukrainian front lines…

Emmanuel Macron has said he would be prepared to send troops to Ukraine if Vladimir Putin’s forces break through the front lines – further raising the risk of NATO forces clashing with Russia’s armies.

In an interview published today, the French president said the issue of sending troops would ‘legitimately’ arise if Kyiv and president Volodymyr Zelensky made such a request.

The Economist said Macron gave the interview after delivering a keynote speech last week where he declared that Europe is ‘mortal’ and could ‘die’ partly due to the threat posed by Russian aggression after its February 2022 invasion of Ukraine.

Those that have been following the war closely know that the Russians are already breaking through the front lines in several areas along the eastern front.

So will Macron make good on his threat?

If so, that will put us literally one step away from nuclear conflict.

All throughout history, large scale wars have been accompanied by famine.

For now, we still have plenty of food to eat in the western world, but it is a far different story in the poorest areas of the planet.

For example, the famine in Sudan has become so severe that some people are literally eating dirt…

There is so little food in some areas of Sudan that people are taking extreme measures to survive.

In the Al Lait refugee camp, they are eating dirt.

I was stunned when I read that.

If you were hungry enough, would you fill your stomach with dirt?

Apparently, some desperately hungry people are rolling dirt into a ball and swallowing it with water…

Akok, 41, reached Al Lait in December, but has no work and can’t feed the family. At times, they go two or three days without eating. When that happens, Akok said, he watches helplessly as his wife and children dig holes in the ground with a stick, slide their hands in and grab some soil. Then they roll the soil into a ball, put it in their mouths and swallow it with water.

“I keep telling them not to do it, but it’s hunger,” he said. “There is nothing I can do.”

In my latest book I have an entire chapter about the emerging global famine.  What we are witnessing now is just the tip of the iceberg compared to what is eventually coming.

I have also been warning that frightening pestilences will break out all over the globe, and right now we are witnessing an unprecedented outbreak of dengue fever in South America.

At this point, more than four million cases of dengue fever have been registered in Brazil alone so far this year…

Brazil surpassed 4 million cases of dengue fever registered this year, according to an update from the Ministry of Health’s Arbovirus Monitoring Panel this Monday. In total, 4,127,571 probable cases of the disease were reported across the country in the first four months of 2024.

As for dengue deaths, 1,937 have been confirmed and 2,345 are under investigation. The incidence rate of the disease in the country is 2,032.7 cases for each group of 100,000 population.

And Peru has just declared a nationwide health emergency because cases of dengue fever are rising so rapidly in that nation…

The Peruvian government’s cabinet approved the motion to declare a health emergency on Monday, Vasquez told journalists, hours after he said a dengue outbreak was “imminent.”

“There are 20 regions (out of 25) that will be declared in a health emergency due to dengue,” Vasquez said in an earlier interview on local radio station RPP.

Here in North America, H5N1 has been killing cows, cats, chickens and turkeys.

Now authorities are desperately hoping that it does not make the jump to humans.  For much more on this, please see my recent article entitled “The Strain Of The Bird Flu That Is Killing Cats In Texas Is Causing ‘Brain Hemorrhaging’ And ‘Blindness'”.

Lastly, I would like to talk about the unusual natural disasters that we have been experiencing lately.

In 2024, southern California has been getting shaken on a regular basis.  Yesterday, it was hit by a magnitude 4.1 earthquake…

An earthquake with a preliminary magnitude of 4.1 has struck near Corona in Riverside County, according to the U.S. Geological Survey.

The USGS says the quake struck at 1:49 p.m. just 5.3 miles from Corona. It was originally reported as a 4.5 magnitude but was ultimately reduced to a 4.1.

Overall, there have been 748 earthquakes in California and Nevada within the past seven days.

It is just a matter of time before “the Big One” strikes, but at this stage most of those living in the region have stopped listening to such warnings.

The east coast has also been experiencing unusual seismic activity.

On the first day of this month, New Jersey was shaken by a magnitude 2.6 earthquake…

A magnitude 2.6 aftershock has rattled New Jersey on the first day of May after a dramatic earthquake shook parts of the east coast in early April.

The Garden State has been rocked by more than 150 aftershocks since the initial 4.8 magnitude earthquake which centered near Lebanon on the morning of April 5.

More than 42 million people from New York to Connecticut and Philadelphia felt the first quake, and New Jersey residents have been plagued by tremors ever since.

Normally, the east coast if very, very quiet.

So what we are seeing right now is definitely quite unusual.

The middle of the nation has not been left out either.

In recent days we have seen tornado after tornado rock the center of the country.

For example, one area of Nebraska was just hit by a tornado that had wind speeds of up to 165 miles per hour…

Nebraska brothers tell a terrifying tale of feeling a tornado pull their home apart, sucking them out and tossing them with debris.

“Ok, I’m cool to leave for work,” Roger Slatten thought to himself Saturday afternoon after Elkhorn, Nebraska’s tornado sirens went silent. But they sounded again. A strong EF-3 tornado was bearing down on the Omaha suburb with 165 mph winds.

His friend called him in the car and said, “Get back home, It’s going crazy.” Roger called his brother Royce and told him to rush home. They planned to get the two dogs and all shelter in the basement.

When will people finally start waking up?

What we are experiencing is not even close to normal.

It seems like almost every new day brings us yet another new crisis or disaster to deal with, and I have a feeling that the pace of events is only going to escalate as this year continues to roll along.

Michael’s new book entitled “Chaos” is available in paperback and for the Kindle on Amazon.com, and you can check out his new Substack newsletter right here.

About the Author: Michael Snyder’s extremely controversial new book entitled “Chaos” is available in paperback and for the Kindle on Amazon.com. He has also written seven other books that are available on Amazon.com including “End Times”, “7 Year Apocalypse”, “Lost Prophecies Of The Future Of America”, “The Beginning Of The End”, and “Living A Life That Really Matters”.  When you purchase any of Michael’s books you help to support the work that he is doing.  You can also get his articles by email as soon as he publishes them by subscribing to his Substack newsletter.  Michael has published thousands of articles on The Economic Collapse Blog, End Of The American Dream and The Most Important News, and he always freely and happily allows others to republish those articles on their own websites.  You can connect with Michael on YouTube, Facebook and Twitter, and sharing his articles on your own social media accounts 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, we strongly urge you to invite Jesus Christ to be your Lord and Savior today.

Can you feel it too?  Over the past few weeks, I have heard from so many readers that are deeply troubled about economic conditions where they live.  In some cases, sales are way down.  In other cases, it seems almost impossible to find a decent job.  It is almost as if a tremendous chill descended upon the U.S. economy as the second quarter of 2024 began.  Yes, economic conditions have certainly not been good for a few years, but it appears that an absolutely enormous economic shift of historic proportions is now taking place right in front of our eyes.  Other than the early stages of the pandemic, we haven’t seen anything like this since 2008 and 2009.

Let me give you an example that will illustrate what I am talking about.  A reader that lives near Seattle recently wrote me about the horrible downturn that she is witnessing in the tech industry, and she said that I could share this information with all of you…

I live in the tech corridor outside of Seattle and practically no one can find a job in tech. Apparently the costs of AI processors and servers are so expensive that large tech companies are laying off workers to accommodate for the increased infrastructure costs. I would estimate that 50 percent of the people I know in tech are unemployed including myself and my spouse. In addition they are laying off both FTEs and contractors and not backfilling the positions. The problem is exacerbated if you’re over 40 because they don’t want to compensate for experience. In fact experience seems to be working against people. Not to mention AI taking over roles like technical writing and marketing communications. It’s getting really bad out there and the large companies play along with the media. I’ve met with several ex colleagues who have had their entire teams laid off and former FTEs who have had to take major pay cuts as contractors. I’ve also heard of more rounds of layoffs coming up. I went over to Microsoft the other morning to have coffee with an ex colleague and it’s a ghost town. No one in conference rooms or offices. Maybe people are working from home but it sure felt very different.

That email resonated with me so strongly, because she is right.

Vast hordes of tech workers have already been laid off, and more will be hitting the bricks soon.

But the tech industry is supposed to be one of our economic bright spots.

If things are this bad for the tech industry, what does this say about the economy as a whole?

Most of the jobs that are still available at this point pay very little.  Jobs that actually pay enough to support a middle class lifestyle have been disappearing, and millions of white collar workers find themselves on the outside looking in.  The following comes from a Business Insider article entitled “Welcome to the white-collar recession”…

Over the past year or so, pretty much everyone who’s looked for a job has told me the same thing: The job market is brutal right now. They’ve applied to dozens if not hundreds of openings, only to get one or two callbacks. No one’s hiring, they tell me. I’ve never seen it this bad.

Yes.

I have heard the same things over and over again too.

And it is getting worse with each passing day.

On Wednesday, we learned about even more layoffs at Google…

Google fired approximately 200 employees and relocated some of the jobs overseas – the latest sign of a long-running effort by the Big Tech firm to cut costs and restructure itself.

The job cuts — announced internally on the eve of Google’s blowout first-quarter earnings report — targeted members of Google’s “core” team, which works on the “technical foundation behind the company’s flagship products” as well as the online safety of users and its global IT infrastructure, according to its website.

At least 50 of the roles were based at Google’s headquarters in Sunnyvale, Calif. Google is expected to hire replacement workers for the roles in Mexico and India, CNBC reported, citing a review of internal documents.

Large companies all over America are looking to “trim the fat”, and that often means giving the axe to expensive older workers.

There is very little loyalty in the corporate world today.  You may have given 20 years of your life to a company, but the moment you become expendable they will dump you like a hot potato.

Millions of small businesses are really struggling right now too.

During the month of April, 43 percent of all small business renters in the United States were not able to pay their rent in full.  The last time we witnessed anything like this was during the lockdowns that were instituted during the early stages of the pandemic…

A significant number of small businesses across the nation are struggling to pay rent due to skyrocketing costs, a recent study by business networking platform Alignable found.

The company’s latest Small Business Rent report, published on Friday, found that 43 percent of small business renters in the U.S. were unable to pay their rent in full and on time in the month of April. Such a high delinquency rate hasn’t been reported in the U.S. since March 2021, at the height of the COVID-19 pandemic, when it reached 49 percent.

The delinquency rate was also four percentage points higher than in March, making it the largest month-over-month surge in over a year, according to data analyzed by Alignable.

We don’t have a disease to blame this time around.

Sadly, conditions are only going to get tougher for small businesses in the months ahead as sales dry up.

Meanwhile, the total number of retail stores in the U.S. closed so far in 2024 is up to nearly 2,600…

US retailers confirmed another 169 closures last week – bringing the total so far this year up to almost 2,600.

Stores that announced the shuttering of locations included Express, Outfox Hospitality, Shop ‘n Save, Urban Outfitters and Walmart.

We are in the midst of another retail apocalypse.

Why aren’t we hearing more about this?

On top of everything else, Chicago PMI is dropping at the fastest pace that we have seen since the collapse of Lehman Brothers in 2008….

After miraculously surging to two years highs in Nov 2023, Chicago PMI has plunged for five straight months, with the last four months seeing the MoM declines accelerating. Against expectations of a rise to 45.0 (from March’s 41.4), April’s PMI data printed 37.9

That is the worst five-month collapse since Lehman…

With everything that is going on, how in the world can anyone possibly claim that the economy “is in good shape”?

Economic activity is slowing down, mass layoffs are happening all over the country, and the cost of living is absolutely crushing the middle class.

More people are falling out of the middle class every day, and at this point there are tens of millions of Americans that are either considered to be either living in poverty or among the ranks of the “working poor”….

Over time, higher costs and sluggish wage growth have left more Americans financially vulnerable, with many known as “ALICEs.”

Nearly 40 million families, or 29% of the population, fall in the category of ALICE — Asset Limited, Income Constrained, Employed — according to United Way’s United for ALICE program, which first coined the term to refer to households earning above the poverty line but less than what’s needed to get by.

That figure doesn’t include the 37.9 million Americans who live in poverty, comprising 11.5% of the total population, according to data from the U.S. Census Bureau.

Collectively, the two categories discussed above now comprise more than 40 percent of the total population.

And if you think that things are bad now, just wait until you see the suffering that will happen during the tremendous chaos that is dead ahead of us.

It took decades of very foolish decisions to get us here, and now we are at a historic tipping point.

Our economy is literally breaking down right in front of our eyes, and the path before us is going to be filled with so much pain.

Michael’s new book entitled “Chaos” is available in paperback and for the Kindle on Amazon.com, and you can check out his new Substack newsletter right here.

About the Author: Michael Snyder’s extremely controversial new book entitled “Chaos” is available in paperback and for the Kindle on Amazon.com. He has also written seven other books that are available on Amazon.com including “End Times”, “7 Year Apocalypse”, “Lost Prophecies Of The Future Of America”, “The Beginning Of The End”, and “Living A Life That Really Matters”.  When you purchase any of Michael’s books you help to support the work that he is doing.  You can also get his articles by email as soon as he publishes them by subscribing to his Substack newsletter.  Michael has published thousands of articles on The Economic Collapse Blog, End Of The American Dream and The Most Important News, and he always freely and happily allows others to republish those articles on their own websites.  You can connect with Michael on YouTube, Facebook and Twitter, and sharing his articles on your own social media accounts 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, we strongly urge you to invite Jesus Christ to be your Lord and Savior today.

What we are witnessing throughout the nation right now is truly sad.  At colleges and universities all over the United States, crazed protesters are setting up encampments, attacking Jewish students, replacing the American flag with the Palestinian flag, and illegally occupying buildings.  Unfortunately, these protests are likely to become even more heated in the days ahead because Israel is preparing to make a really big move.  No matter how negotiations for a temporary ceasefire in Gaza turn out, Israeli Prime Minister Benjamin Netanyahu is promising that the IDF will go into Rafah and eliminate the Hamas forces that are hiding there…

Netanyahu said Israel would enter Rafah, which Israel says is Hamas’ last stronghold, regardless of whether a truce-for-hostages deal is struck. His comments appeared to be meant to appease his nationalist governing partners but it was not clear whether they would have any bearing on any emerging deal with Hamas.

“The idea that we will stop the war before achieving all of its goals is out of the question,” Netanyahu said, according to a statement from his office. “We will enter Rafah and we will eliminate Hamas’ battalions there — with or without a deal, to achieve the total victory.”

When this operation takes place, pro-Hamas protesters all over the U.S. will go completely nuts.

Of course there are many that would argue that they have already gone completely nuts.

On Tuesday, rabid pro-Hamas activists at Columbia University actually took over one of the most important buildings on campus…

Student protesters at Columbia University declared Tuesday morning that they have taken over a building near the campus’s South Lawn, raising the prospect of further turmoil at the Ivy League institution. The school responded by threatening to expel the students who occupied the building. Protesters and authorities are facing off on campuses across the nation, with arrests made and encampments closed at Cal Poly Humboldt, UNC Chapel Hill, the University of Florida and elsewhere.

Activists have barricaded all entrances to Hamilton Hall, and they are displaying a Palestinian flag from one of the windows…

Dozens of protesters took over a building at Columbia University in New York early Tuesday, barricading the entrances and unfurling a Palestinian flag out a window in the latest escalation of demonstrations against the Israel-Hamas war that have spread to college campuses nationwide.

Video footage showed protesters on Columbia’s Manhattan campus locking arms in front of Hamilton Hall early Tuesday and carrying furniture and metal barricades to the building, one of several that was occupied during a 1968 civil rights and anti-Vietnam War protest on the campus. Posts on an Instagram page for protest organizers shortly after midnight urged people to protect the encampment and join them at Hamilton Hall.

What in the world do they hope to accomplish by doing this?

One student that witnessed the occupation of the building is using the term “lawless” to describe what is happening…

Columbia junior Jessica Schwalb described the campus to CBS News as “lawless. Utter ancarchy.” She said demonstrators in Hamilton Hall “zip-tied the doorhandles together and then broke the windows, bashed the windows with hammers and put these metal bike locks around the door handles. They put the bike lock on the first set of doors is what I saw and then they were bringing tables, the heavy black metal tables from the eating area that’s right in front of Hamilton Hall, and had a group of people push them up against the door handles as a barricade and then people were also bringing furniture from Hamilton Hall to barricade inside.”

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

Columbia was once one of our finest institutions of higher education, but now it has become an incubator for far-left radicals.

One attorney that is involved in suing Columbia is alleging that there have been “straight-out calls for the genocide of Jews” during the protests that have been happening at the university…

The attorney of an anonymous Jewish Columbia student who is suing the university for allegedly not providing “a safe educational environment” says his client is having to deal with calls for genocide while attending school.

“There are straight-out calls for the genocide of Jews. This has happened because of complacency and appeasement by our academic institutions,” Jay Edelson, who is representing the student, told NewNation’s Leland Vittert on “On Balance.”

And he also says that Jewish students have been “punched, shoved, spat upon, blocked from attending classes and moving freely about campus, and targeted by pro-terrorist hate speech”…

“The encampment has been the center of round-the-clock harassment of Jewish students, who have been punched, shoved, spat upon, blocked from attending classes and moving freely about campus, and targeted by pro-terrorist hate speech –– both verbal and in written form on massive banners and signs –– with statements such as: ‘Death to the Jews’; ‘Long live Hamas’; ‘Globalize the Intifada,’” the lawsuit said.

This is actually happening in the United States of America in 2024.

The protests at Columbia University are getting the most headlines, but the truth is that this sort of thing is happening at colleges and universities all over the country.

At Portland State University, students have actually been trying to take over the entire school library…

Officials at Portland State University in Oregon closed the campus Tuesday citing an “ongoing incident at library.” The school asked police to help remove dozens of protesters occupying the building. Last week the university paused seeking or accepting gifts or grants from Boeing pending a review of weapons sales to Israel.

Down in Texas, authorities are taking a much different approach to these protests.

Police are using flash bangs and pepper spray against pro-Hamas protesters, and dozens are being cuffed and hauled away…

Police in Austin arrested 79 pro-Palestine protestors who set up an encampment at the University of Texas – a marked contrast to NYC, where Columbia protesters have been allowed to take over parts of the campus.

Austin law enforcement moved in on the encampment on the university’s South Lawn before deploying flash bangs and pepper spray to disperse those that had gathered on Monday.

On Tuesday, Travis County jail confirmed that 79 people were arrested at the protests.

Sadly, this is just the beginning.

Once the IDF goes into Rafah, pro-Hamas protesters all over the U.S. will go completely insane.

If you live in an area where they are active, you will want to prepare yourself for that.

Meanwhile, the Biden administration seems quite eager to bring even more radicals into this nation.

It is being reported that the recent “aid package” that was just signed into law actually includes 3.5 billion dollars that will “supercharge mass migration from the Middle East”…

President Joe Biden’s pro-migration border chief is opening new processing centers for Muslim migrants, amid pro-HAMAS riots in U.S. cities and just after Congress granted $3.5 billion more for migration within the $95 billion aid package for Ukraine and Israel.

“Not only did the ‘Foreign Aid’ package do nothing to secure our own border, it included $3.5 Billion to supercharge mass migration from the Middle East,” said a tweet from Sen. Eric Schmitt (R-MO).

If you go back and check my past work, you will see that I specifically warned that we would see a dramatic rise in anti-semitism and that there would eventually be uncontrollable civil unrest all over the nation.

Now we are here.

It won’t be too long before this war in the Middle East goes to an entirely new level, and that will cause an explosion of anti-semitism that is unlike anything we have ever seen in this country.

And the unrest at our colleges and universities will become even worse during the months and years ahead.

Global events are building up to a crescendo, and the road that is in front of us is going to absolutely tear our society apart.

Michael’s new book entitled “Chaos” is available in paperback and for the Kindle on Amazon.com, and you can check out his new Substack newsletter right here.

About the Author: Michael Snyder’s extremely controversial new book entitled “Chaos” is available in paperback and for the Kindle on Amazon.com. He has also written seven other books that are available on Amazon.com including “End Times”, “7 Year Apocalypse”, “Lost Prophecies Of The Future Of America”, “The Beginning Of The End”, and “Living A Life That Really Matters”.  When you purchase any of Michael’s books you help to support the work that he is doing.  You can also get his articles by email as soon as he publishes them by subscribing to his Substack newsletter.  Michael has published thousands of articles on The Economic Collapse Blog, End Of The American Dream and The Most Important News, and he always freely and happily allows others to republish those articles on their own websites.  You can connect with Michael on YouTube, Facebook and Twitter, and sharing his articles on your own social media accounts 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, we strongly urge you to invite Jesus Christ to be your Lord and Savior today.

It appears that the people running our system have decided that it is time for a wave of consolidation in the banking industry.  A key program that was keeping U.S. banks afloat was allowed to expire last month, and everyone knew what that would mean.  On Friday, the FDIC quietly announced that Republic Bank had been seized and a sale to Fulton Bank had already been arranged.  Have you noticed that they often try to announce bad news like this on Friday?  By the time news of the failure of Republic Bank broke, many people had already started their weekends.  And the FDIC probably assumes that most people will have forgotten all about this by the time Monday morning rolls around.  But this was a big deal, and it is inevitable that more dominoes will soon start to fall.

At the time it was seized, Republic Bank had 32 branches in New Jersey, Pennsylvania and New York.  The following comes directly from the FDIC announcement that was issued on Friday…

Philadelphia-based Republic First Bank (doing business as Republic Bank) was closed today by the Pennsylvania Department of Banking and Securities, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect depositors, the FDIC entered into an agreement with Fulton Bank, National Association of Lancaster, Pennsylvania to assume substantially all of the deposits and purchase substantially all of the assets of Republic Bank.

Republic Bank’s 32 branches in New Jersey, Pennsylvania and New York will reopen as branches of Fulton Bank on Saturday (for branches with normal Saturday hours) or on Monday during normal business hours. This evening and over the weekend, depositors of Republic Bank can access their money by writing checks or using ATM or debit cards. Checks drawn on Republic Bank will continue to be processed and loan customers should continue to make their payments as usual.

I think that a pattern is emerging that we will likely continue to see for future bank failures.

Before this seizure was even announced, an agreement had already been made for a larger bank to swallow up the assets of Republic Bank.

Of course taxpayers didn’t exactly get off scot-free in this deal.  According to the FDIC, this agreement is going to cost the Deposit Insurance Fund 667 million dollars…

As of January 31, 2024, Republic Bank had approximately $6 billion in total assets and $4 billion in total deposits. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) related to the failure of Republic Bank will be $667 million. The FDIC determined that compared to other alternatives, Fulton Bank’s acquisition of Republic Bank is the least costly resolution for the DIF, an insurance fund created by Congress in 1933 and managed by the FDIC to protect the deposits at the nation’s banks.

If only a few banks fail this year, the Deposit Insurance Fund will be able to handle it.

But what is going to happen if dozens of banks start to fail?

It has been clear for a long time that Republic Bank was in trouble.

They were sitting on “$262 million of unrealized losses on bonds”, and Republic’s stock price had fallen all the way down to 1 cent…

The bank’s stock price has tumbled from just over $2 at the start of the year to about 1 cent on April 26, leaving it with a market capitalisation below $2 million. Its shares were delisted from the Nasdaq in August and now trade over the counter.

Moving forward, we will want to keep an eye on other banks that are currently on shaky ground.

For example, New York Community Bank would have completely collapsed already if a group of investors had not been convinced to pump a billion dollars into that troubled institution…

Recently, New York Community Bank saw wild swings in its stock price as customers began pulling their cash from the regional lender after it said it had identified “material weakness” in the company’s controls. The bank got a $1 billion equity investment lifeline from investors, including former Treasury Secretary Steven Mnuchin’s firm, Liberty Strategic Capital, in March.

Of course it isn’t just New York Community Bank that is treading on thin ice.

Kevin O’Leary of Shark Tank fame is convinced that thousands of U.S. banks will fail during the years ahead…

In the next three to five years, thousands more regional institutions will fail. That’s why I don’t have a dime saved or invested in a single one.

One of the primary reasons why so many banks are on the brink of disaster is because we are facing a commercial real estate collapse of historic proportions.

In St. Louis, the tallest office building recently sold for 98 percent less than what it sold for in 2006…

Take, St Louis’s largest office building – its 44-story AT&T tower – for example. In 2006 this prime real estate sold for $205 million.

But that same now vacant skyscraper recently sold for around $3.5 million – a shocking 98 percent drop in value in less than two decades, the outlet reported.

The Railway Exchange Building, once the crown jewel of downtown St. Louis with its Famous Barr department store and sprawling offices, is also now an empty relic with peeling paint.

All over the nation, commercial real estate property values have fallen dramatically, and our small and mid-size banks are sitting on mountains of commercial real estate loans.

This story is not going to end well, and anyone that suggests otherwise is simply being delusional.

Meanwhile, more signs continue to emerge that the overall economy is rapidly heading in the wrong direction.

For example, Walmart just announced that it is closing two more stores…

Walmart is shutting another two stores next month – bringing the total closures announced this year to eight.

Bosses said the two stores – in California and Wisconsin – were not making enough money.

Walmart, which has already shut six in 2024, is among several major retailers to announce closures.

If bright economic times were ahead, Walmart wouldn’t be shutting stores down.

Just like everyone else, they can see what is coming.

Of course Joe Biden and his minions insist that everything is just great.

They are telling us that the economy is booming and that the unemployment rate is low.

But that is not the truth.

The Ludwig Institute For Shared Economic Prosperity analyzes the data provided by the federal government in order to calculate a “true rate of unemployment”…

Using data compiled by the federal government’s Bureau of Labor Statistics, the True Rate of Unemployment tracks the percentage of the U.S. labor force that does not have a full-time job (35+ hours a week) but wants one, has no job, or does not earn a living wage, conservatively pegged at $25,000 annually before taxes.

According to them, instead of an unemployment rate of “3.8 percent”, the true rate of unemployment is actually 24.2 percent.

Right now, there are countless people that continue to remain unemployed even though they are desperate to find a job.

Sadly, the employment market is only going to get tighter in the months ahead.

I am entirely convinced that global events will become extremely chaotic during the second half of this year, and that is going to have a devastating impact on our economy.

So whatever you need to do, I would encourage you to do it with haste.

Because the pace of events is not going to slow down for anyone, and it is much later than most people think that it is.

Michael’s new book entitled “Chaos” is available in paperback and for the Kindle on Amazon.com, and you can check out his new Substack newsletter right here.

About the Author: Michael Snyder’s extremely controversial new book entitled “Chaos” is available in paperback and for the Kindle on Amazon.com. He has also written seven other books that are available on Amazon.com including “End Times”, “7 Year Apocalypse”, “Lost Prophecies Of The Future Of America”, “The Beginning Of The End”, and “Living A Life That Really Matters”.  When you purchase any of Michael’s books you help to support the work that he is doing.  You can also get his articles by email as soon as he publishes them by subscribing to his Substack newsletter.  Michael has published thousands of articles on The Economic Collapse Blog, End Of The American Dream and The Most Important News, and he always freely and happily allows others to republish those articles on their own websites.  You can connect with Michael on YouTube, Facebook and Twitter, and sharing his articles on your own social media accounts 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, we strongly urge you to invite Jesus Christ to be your Lord and Savior today.