The U.S. Economy Just Took A Very Dark Turn

The road ahead certainly does not look promising.  For much of 2022, there has been a lot of debate about whether or not the U.S. economy is in a recession, is headed for a recession, or is about to turn in a positive direction.  Unfortunately, virtually all of the numbers are now telling us that economic conditions are starting to deteriorate quite rapidly as we approach the beginning of 2023, and even rabidly optimistic business leaders such as Jeff Bezos are warning us to prepare for harder times.  So now the framework for the debate over our economic future has shifted.  At this point, there are some that expect a relatively minor recession and then a recovery, and there are those such as myself that expect immense pain in the years ahead.  There are so many warning signs that indicate that the entire system is starting to crack and crumble, but a lot of the “experts” are still hoping that our leaders will find a way to turn things around somehow.

On Wednesday, those of us that closely watch the economic numbers received quite a shock.

The latest figure for the Chicago Purchasing Managers’ Index came in way, way below expectations, and that is really bad news.

If you are not familiar with the Chicago PMI, here is a pretty good definition

The Chicago Purchasing Managers’ Index (PMI) determines the economic health of the manufacturing sector in Chicago region. A reading above 50 indicates expansion of the manufacturing sector; a reading below indicates contraction. The Chicago PMI can be of some help in forecasting the ISM manufacturing PMI.

Economists were expecting the survey to come in at around 47, but instead the final number came in at just 37.2

In a massive downside surprise, the Chicago PMI survey just printed 37.2 (vs 47.0 expectations), plunging to its lowest level since the peak of the COVID lockdowns in 2020. This was below the lowest estimate of 25 economists surveyed.

In the entire history of the survey, the Chicago PMI has only plunged below 40 during times when the U.S. economy has been in a recession.

Other data points are also telling us that the U.S. economy is clearly trending in the wrong direction…

-Consumer confidence has declined for two months in a row.

-U.S. home prices have now fallen for three months in a row.

-Existing home sales have now dropped for nine months in a row.

The housing industry has not been in this much of a mess since the last housing crash.

According to the NAR, home sales were way down all over the nation last month…

“From a year ago, all four regions had double-digit declines in sales in October. The West had the most significant dip at 37.5%, followed by the South, which fell 27.2%. The Midwest decreased by 25.5%, followed by the Northeast, down 23.0%.”

And if the Federal Reserve continues to hike interest rates, things are only going to get worse.

Even now, we are beginning to see layoffs in the industry that once would have been unimaginable.  For example, Reverse Mortgage Funding “laid off 80% of its staff on Tuesday”

One week after deciding to “pause” all of its mortgage originations, Reverse Mortgage Funding LLC (RMF) laid off 80% of its staff on Tuesday.

Various social media posts by former employees maintained that the company, based in Bloomfield, N.J., had closed, but that is not the case, according to someone familiar with Tuesday’s events who spoke on condition of anonymity because they were not authorized to discuss the matter.

Countless others will be laid off in the months ahead.

Of course other industries are starting to feel quite a bit of pain as well.  Earlier today, I was surprised to learn that CNN has decided that a large wave of layoffs has become necessary

Cable news giant CNN will be hit by layoffs Wednesday and Thursday, part of continued cost-cutting by parent company Warner Bros. Discovery, which is trying to integrate the legacy WarnerMedia businesses (like CNN) and the Discovery businesses.

In a memo Wednesday morning, CNN CEO Chris Licht wrote that the channel will inform paid contributors Wednesday as part of a new reporting strategy, with full-time employees being informed of their status on Thursday.

I don’t wish ill on anyone, but the truth is that CNN brought this on themselves.

CNN has lied over and over again in recent years, and those lies have deeply hurt millions upon millions of people.

Elsewhere, the stunning layoffs in the tech industry just continue to accelerate.  On Wednesday, DoorDash announced that it would be eliminating approximately 1,250 corporate jobs

DoorDash on Wednesday said it will lay off about 1,250 corporate employees after growing its team too quickly during the pandemic, making it the latest tech company to cut staff in recent weeks.

The cuts represent about 6% of DoorDash’s staff, according to a company spokesperson.

Just within the past few weeks, we have seen so many prominent tech companies lay off workers.

In fact, CNBC is reporting that over 50,000 tech workers lost their jobs during the month of November alone…

Within weeks, mass layoffs primarily in tech, including at Twitter, Meta, Amazon, Salesforce, HP, Lyft, Doordash and more, have flooded headlines. More than 50,000 workers in tech lost their jobs in November, up from 12,600 in October, according to Layoffs.fyi.

Sadly, most American workers are not in a position to handle a job loss.

As the Republicans in the House of Representatives recently noted, more than 60 percent of the country is currently living paycheck to paycheck…

Over 60% of Americans are living paycheck to paycheck in Joe Biden’s economy.

Nearly 40% of workers are considering a second job to stay afloat.

When you are living paycheck to paycheck, it can be extremely difficult to keep paying the bills once you lose a job.

And in the months ahead, we are going to see many more people suddenly get the axe.

Our leaders have pursued policies that have made the coming economic nightmare inevitable, and now we are all going to pay a very great price for their foolishness.

***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 BlogEnd Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe.  I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article.  The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions.  I encourage you to follow me on social media on Facebook and Twitter, and any way that you can share these articles with others is 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.

Who Is Killing The Crypto Millionaires?

Are some of the cryptocurrency industry’s most important pioneers being targeted by someone?  We just learned that a 53-year-old cryptocurrency billionaire named Vyacheslav Taran has died, and he is the third big name to suddenly meet his maker in recent weeks.  So is this just one giant coincidence, or is there some common denominator that links all three of them?  There is so much that we don’t know right now, but it is interesting to note that all three of these deaths have happened at a time when the cryptocurrency community is going through an unprecedented amount of turmoil.  The collapse of FTX is threatening the legitimacy of the entire industry, and many that were once crypto millionaires on paper have had their fortunes completely wiped out.

Vyacheslav Taran died when the helicopter that he was riding in suddenly slammed into a hillside.  He was the co-founder of a trading platform known as Libertex, and his involvement in the cryptocurrency industry had made him a very wealthy man.

Unfortunately for Taran, he won’t be able to spend any more of that wealth because his life is now over

A Russian billionaire has become the third top cryptocurrency trader to die suddenly in recent weeks.

Vyacheslav Taran, 53, the co-founder of trading and investing platform Libertex, died after his helicopter mysteriously crashed in a resort town near Monaco.

The vehicle plummeted on November 25 afternoon, killing Mr Taran, who had lived in Monaco for a decade, as well as a veteran pilot.

As we have seen so many times over the years, riding in helicopters can be extremely dangerous.

And it is interesting to note that “another passenger allegedly cancelled last minute”

The finance titan was flying with an experienced pilot, 35, from the city on the shores of Lake Geneva after another passenger allegedly cancelled last minute.

The single-engine light helicopter Eurocopter EC130 operated by Monacair collided with a hillside near Eze village at around 2pm, Monaco Life reported

Hopefully we will find out the identity of the “other passenger” that decided not to go at the last minute .

That may give us a clue about what really happened.

In the end, this may have just been a tragic accident, or Taran may have been targeted for a reason that does not involve cryptocurrency.

A lot of prominent Russians have been dying lately, and so this could just be another instance where wealthy Russians are being targeted.

We just don’t know.

But what we do know is that another co-founder of a prominent cryptocurrency company was suddenly found dead last week.

It is being reported that 30-year-old Tiantian Kullander died unexpectedly while he was sleeping

Tiantian Kullander, co-founder of Hong Kong-based digital asset company Amber Group, died unexpectedly last week in his sleep. He was 30 years old.

The company confirmed the news in a statement, saying that Tiantian, also known as “TT,” had “passed away unexpectedly in his sleep on November 23, 2022.”

Once again, it is certainly possible that this death could have absolutely nothing to do with the cryptocurrency industry.

Throughout 2022, lots of seemingly healthy young people have been dropping dead, and Kullander may just be another to add to the list.

But just like Taran, Kullander was one of the cryptocurrency industry’s most important pioneers

“Besides co-founding Amber and building it into a multi-billion fintech unicorn, TT sat on the Board of Fnatic (one of the world’s most successful e-sports organizations) and founded KeeperDAO (the first on-chain liquidity underwriter) before giving it back to its community,” the company’s statement continued. “TT was a devoted husband, a loving father and a fierce friend. His passing is a tragedy and our thoughts and prayers are with his family. He is survived by his wife and their beloved son. We kindly request that you respect their privacy during this difficult time.”

It is often said that two is a coincidence, but three is a trend.

Well, there is one more mysterious cryptocurrency industry death that I would like to discuss in this article.

On October 28th, 29-year-old Nikolai Mushegian was found dead on a Puerto Rico beach.

In this particular case, Mushegian actually predicted ahead of time that he would soon be killed

A brilliant young cryptocurrency pioneer named Nikolai Mushegian tweeted on Oct. 28 that intelligence agencies were going to murder him — and was found dead on a Puerto Rico beach hours later.

“CIA and Mossad and pedo elite are running some kind of sex trafficking entrapment blackmail ring out of Puerto Rico and Caribbean islands,” Mushegian, a developer of blockchain-based decentralized finance platforms who wanted to end global banking corruption, tweeted at 4:57 a.m. “They are going to frame me with a laptop planted by my ex [girlfriend] who was a spy. They will torture me to death.”

Of course we can’t actually prove that shadowy forces killed him.

All we know is that just hours after his ominous tweet his body was found in the waves on Ashford Beach.  Interestingly, he still “had his wallet on him”

The 29-year-old then left his $6 million beach house in the luxe Condado area of San Juan, Puerto Rico, for a walk. A little after 9 a.m., a surfer off Ashford Beach, a spot considered so rife with riptides that local hotels warn against ocean swimming, discovered Mushegian’s body in the waves. He was wearing his clothes and had his wallet on him, sources told The Post.

If some criminals jumped him on the beach, they would have certainly taken his wallet.

But that doesn’t necessarily mean that he was murdered.

He could have simply drowned after going for a swim, and there is also the possibility that he could have killed himself.

According to those that knew him, he had very serious mental health issues that he was dealing with, and it appears that he was also a heavy drug user

A person who knew Mushegian very well for years until they had a falling-out two years ago said that the developer was “very very smart” but also suffered from extreme bouts of paranoia.

“He had mental problems,” said the source, who spoke on condition of anonymity. “He saw a psychiatrist at times. He smoked a lot of pot. A tremendous amount.”

Ultimately, we may never know if all three of these deaths are connected somehow.

But I find it very interesting that all three of these men were key pioneers in the industry.

And now they are all gone.

Life is so short, and for some it ends far sooner than they were anticipating.

***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 BlogEnd Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe.  I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article.  The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions.  I encourage you to follow me on social media on Facebook and Twitter, and any way that you can share these articles with others is 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.

It Is Beginning: 41 Percent Of All Small Business Owners Could Not Pay Rent In November

Many experts are now warning that we could see the housing market and the commercial real estate market simultaneously crash in 2023.  If that were to happen, it would put an extreme amount of stress on our financial system.  The only way we will avoid such a fate is if the Federal Reserve starts reducing interest rates.  Unfortunately, that isn’t going to happen.  In fact, officials at the Federal Reserve keep telling us that interest rates are going to keep going up.  This is literally a suicidal course of action, because higher rates are going to absolutely crush the economy.

If you doubt this, just consider what is already happening.

According to a new Alignable survey that was just released, 41 percent of all small business owners in the United States could not pay rent in November…

Due to high inflation, reduced consumer spending, higher rents and other economic pressures, U.S.-based small business owners’ rent problems just escalated to new heights nationally this month, based on Alignable’s November Rent Poll of 6,326 small business owners taken from 11/19/22 to 11/22/22.

Unfortunately, 41% of U.S.-based small business owners report that they could not pay their rent in full and on time in November, a new record for 2022. Making matters worse, this occurred during a quarter when more money should be coming in and rent delinquency rates should be decreasing. But so far this quarter, the opposite has been true.

In September, that same survey found that 30 percent of all small business owners could not pay rent.

Many were deeply alarmed by that figure, and then it jumped up to 37 percent in October.

Now we are at 41 percent, and if there is any time when small business owners should be able to pay rent it is during the holiday season.

When commercial real estate tenants cannot pay rent, it inevitably has a domino effect.

It appears that we will soon have millions of empty commercial spaces all over the nation, and many owners will soon be unable to make loan payments because sufficient rent money is not coming in.

If the Federal Reserve insists on raising rates even higher, I anticipate that we will eventually be facing a commercial real estate crash of unprecedented size and scope.

Meanwhile, the implosion of the housing market continues to pick up speed.

Existing home sales have now declined for nine months in a row, and the median price of a home in the U.S. has now fallen by about 7 percent.

Sadly, many experts are now warning that things will only get worse in the months ahead.  Here is one example

“In one line: Collapse in prices is coming,” wrote Kieran Clancy, senior U.S. economist at Pantheon Macroeconomics.

I told my readers that this would happen if the Federal Reserve aggressively hiked interest rates.

Of course home prices could soon fall a lot more.  In fact, Pantheon is projecting that they could ultimately fall by a total of 20 percent from the peak…

Pantheon estimates that existing home prices will keep falling, ultimately dropping by about 20% from their June peak of around $414,000.

If you are planning to sell a home, I would try to do it as quickly as possible before prices go way down.

Meanwhile, another troubled cryptocurrency firm has just filed for bankruptcy

Distressed crypto firm BlockFi has filed for Chapter 11 bankruptcy protection in the United States Bankruptcy Court for the District of New Jersey following the implosion of putative acquirer FTX.

So why is BlockFi in so much trouble?

Well, the truth is that there are a lot of reasons, but one of the biggest is the fact that they loaned 275 million dollars to FTX that will never be repaid…

In the filing, the company listed an outstanding $275 million loan to FTX US, the American arm of Sam Bankman-Fried’s now-bankrupt empire.

I warned my readers that FTX would not be the last domino to fall.

And now another one has tumbled over.

Needless to say, there will be many more, because FTX “has more than 1 million creditors”

In a matter of days, FTX went from a $32 billion valuation to bankruptcy as liquidity dried up, customers demanded withdrawals and rival exchange Binance ripped up its nonbinding agreement to buy the company. Gross negligence has since been exposed. Ray added that a “substantial portion” of assets held with FTX may be “missing or stolen.”

FTX has more than 1 million creditors, according to updated bankruptcy filings, hinting at the huge impact of its collapse on crypto traders and other counterparties with ties to Bankman-Fried’s empire.

FTX was just one giant Ponzi scheme, but of course the entire system is just one giant Ponzi scheme.

The entire thing is eventually coming down, and a lot of prominent voices are trying to sound the alarm about this.

For instance, author Robert Kiyosaki tweeted the following just a few days ago

Many of you know I do not invest in equities, bonds, ETS or MFs. Please DO NOT listen to what I’m going to say next: “I would get out of paper assets.” The world economy is not a “Market.” I believe economy is the biggest bubble in world history.

Of course he is quite correct.

We have been living in the largest bubble in all of human history.

And once it finally shatters into billions of pieces nobody is going to be able to put it back together again.

So get ready for a massive adjustment in your standard of living.

With very hard times looming, the Washington Post is encouraging their readers to reduce food costs by eating bugs…

The Washington Post advised Americans Sunday that instead of a traditional season dinner, which now is unaffordable for a quarter of families, they should instead look to eating bugs.

Yes really.

In an article headlined Salted ants. Ground crickets. Why you should try edible insects, the Post stated “Consumers can already find foods like salted ants on Amazon and cricket powder protein bars in Swiss grocery stores.”

I don’t know about you, but I don’t plan on ever eating bugs.

No matter how bad things get, I just couldn’t eat ants or crickets or beetles.

Unfortunately, most people are completely and utterly unprepared for the times that we will soon be facing.

A tremendous amount of economic chaos is on the way.

The Federal Reserve could help matters a great deal if they would just stop raising interest rates.

But that isn’t going to happen, and so it appears that 2023 will be a year of severe economic pain all over the nation.

***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 BlogEnd Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe.  I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article.  The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions.  I encourage you to follow me on social media on Facebook and Twitter, and any way that you can share these articles with others is 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.

100 Million Dead Birds Are Just The Beginning, Because This Pestilence Is Far From Over…

Did you know that an extremely vicious virus that is currently sweeping across the globe has already killed more than 100 million birds?  If you haven’t heard about this yet, don’t feel bad, because most people in the general population don’t know about this either.  Like so many of the other nightmares that we are facing right now, the mainstream media continues to downplay the bird flu crisis and continues to insist that authorities have everything under control.  But of course the truth is that they don’t have this outbreak under control.  Flocks are being steadily wiped out all over the planet, and prices for turkey, chicken and eggs just keep going higher and higher.  If the bird flu spreads even faster in 2023 than it did in 2022, it won’t be too long before we have some pretty serious shortages on our hands.

Over the long Thanksgiving weekend, it was being reported that the official death toll in the U.S. has now reached 50.54 million.  That makes this “the worst animal-health disaster in U.S. history”

More than 50.54 million U.S. birds have died in what is the worst Avian flu outbreak in U.S. history, according to data from the Department of Agriculture, Reuters reports. It also marks the worst animal-health disaster in U.S. history.

But it is perfectly “normal” for tens of millions of our turkeys and chickens to be wiped out, right?

Unfortunately, this pestilence is not just limited to the United States.  In fact, the UK and the European Union “are also suffering their worst avian-flu crises”

Losses of poultry flocks sent prices for eggs and turkey meat to record highs, worsening economic pain for consumers facing red-hot inflation and making Thursday’s Thanksgiving celebrations more expensive in the United States. Europe and Britain are also suffering their worst avian-flu crises, and some British supermarkets rationed customers’ egg purchases after the outbreak disrupted supplies.

We have never seen anything like this before.

According to CNBC, the number of dead birds in the EU alone has reached “nearly 50 million”…

Governments across Europe have culled bird populations to limit the spread of avian flu. Almost six million birds have been killed in the Netherlands since October 2021, while Spain, Bulgaria, Denmark and France have also been badly affected.

Nearly 50 million birds have been killed in Europe this year as countries try to contain the disease, according to the EU’s Food Safety Agency.

Actually, that figure is a bit old, but I was not able to find an updated one.

But if you take that number and add 50 million from the United States, that gives us a grand total of approximately 100 million dead birds, and that doesn’t even account for the remainder of the globe.

For example, nearly 3 million birds have already been wiped out in Japan, and at this point the bird flu is beginning to spread like wildfire in that country…

Cases of the highly pathogenic avian influenza, or bird flu, are spreading at an unusual pace in Japan, with 18 outbreaks confirmed this season through Saturday at poultry farms in 12 of the country’s 47 prefectures.

But that number is expected to rise further, in line with global trends.

This has truly become a worldwide crisis.

Past outbreaks have either greatly subsided or completely gone away during the hot summer months, but that did not happen this year.

In 2022, the virus “continued to fester” during the warmer months, and now authorities are concerned that things could get much worse during the cold months that are in front of us

“The virus has mostly impacted turkey and egg operations, sending prices to all-time highs and contributing to soaring food inflation. While the spread slowed during the warmer months, it continued to fester and now risks further spread as cooling temperatures prompt more birds to migrate,” Bloomberg said.

Of course this comes at a really bad time, because if you follow my work on a regular basis you already know that global food production is being hit hard from countless directions right now.

The UN has already been warning us that 2023 will be a year of famine in many areas of the planet, and so it would be very helpful if the bird flu were to disappear.

Unfortunately, that is not likely to happen any time soon.

And actually we have been extremely fortunate so far.

If the bird flu were to mutate into a form that humans can catch and spread easily, we would rapidly be facing a global health scare of epic proportions.

Up to this point, it has been rare for humans to catch the bird flu, but when it does happen the death rate can be as high as 60 percent

But when the bird flu does infect people, it can be quite severe, with a mortality rate estimated to be at approximately 60 percent, according to the CDC.

Can you imagine how frightened people would be if such a virus started spreading among humans in our major population centers?

The panic would be far beyond anything that we have experienced over the past few years.

So this is a story that we will want to keep a close eye on.

For years, I warned my readers that we were moving into an era of great pestilences.

Sadly, the times that I warned about have now arrived.

Of course what we have been through so far is just the beginning.

The pestilences that we are currently dealing with will continue to spread, and more are coming.

Millions upon millions of people have died up to this point, and tens of millions more will eventually die.

A lot of you have been waiting for life to “return to normal”, but that isn’t going to happen.

Global events have begun to spiral out of control, and things are only going to get more intense as we roll into 2023.

***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 BlogEnd Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe.  I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article.  The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions.  I encourage you to follow me on social media on Facebook and Twitter, and any way that you can share these articles with others is 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.

Very Serious Shortages Of Amoxicillin, Augmentin, Tamiflu, Albuterol And Tylenol Have Erupted All Over The United States

Hospitals are filling up all across America, and there are extremely alarming shortages of some of our most important medications.  Health authorities are warning that RSV, the flu and COVID are combining to create a “tripledemic”, and there are simply not enough medications to go around.  Personally, I am most concerned about RSV.  It is spreading like wildfire from coast to coast, and we are being told that very young children and the elderly are particularly vulnerable.  I wrote an entire article about the RSV outbreak earlier this month, and since that time things have gotten even worse.  Our medical system is being absolutely flooded with sick kids, and this has caused very serious shortages of amoxicillin, augmentin, tamiflu and albuterol…

America is facing a shortage of four key medications used for common illnesses in children as virus season comes back in full force.

Officials have declared a shortage of first-line antibiotics amoxicillin and Augmentin, which are used to treat bacterial infections. Tamiflu, the most common flu medication in the US, and albuterol, an inhaler for asthma and to open airways in the lungs, are also in short supply, according to the American Society of Health-System Pharmacists.

But we haven’t even gotten to the heart of flu season yet.

In fact, the beginning of winter is still about a month away.

So what will things look like by the time we get to the middle of January?

At this point, things are already so bad that we are also starting to see a very serious shortage of tylenol

A children’s Tylenol shortage currently affecting Canada has carried over into the United States, pharmacists in multiple American cities have warned.

The drug’s short supply, experts say, stems from a recent spike in pediatric sickness as seasonal bugs come back with a bang after being suppressed during COVID-related lockdowns.

This is nuts.

In all my years, I have never heard of a shortage of tylenol in the United States.

Unfortunately, we now have millions of people with compromised immune systems all over the country, and so RSV and the flu are hitting us extremely hard.

One doctor told CNN that “I’ve never seen anything like this”…

“In my 25 years of being a pediatrician, I’ve never seen anything like this,” pediatric infectious disease specialist Dr. Stacene Maroushek of Hennepin Healthcare in Minnesota told CNN. “I have seen families who just aren’t getting a break. They have one viral illness after another. And now there’s the secondary effect of ear infections and pneumonia that are prompting amoxicillin shortages.”

The reason for shortages is due to increased demand, especially with a surge in respiratory syncytial virus (RSV) and flu cases. The combination of RSV, flu and COVID circulating has been called a “tripledemic.”

This is going to be one long winter for our medical system.

As I mentioned earlier, hospital beds are rapidly filling up all over the nation

These surges have filled children’s hospitals across these states. The Children’s Hospital of Alabama, the state’s largest pediatric hospital located in Birmingham – 91 per cent of beds are filled, according to official figures.

Vanderbilt University Medical Center, which includes the largest children’s hospital in Tennessee, is at 98 per cent capacity as of Tuesday.

And as I discussed in my article about RSV earlier this month, there are some hospitals that have already filled up all of their beds.

Of course most children that get sick don’t end up in the hospital.

Most of them just stay home and are cared for by their parents until they recover.

In October, more Americans missed work to take care of sick children than ever before

More than 100,000 Americans missed work last month – an all time high – because of child-care problems, many of which come down to sick children and sick daytime caregivers.

Sadly, we will almost certainly set another new all-time record this month.

It sure would be nice if the federal government would step in and help to ensure that everyone has enough medications to give to their children during this medical emergency.

But instead of doing that, the Biden administration has decided to give another 4.5 billion dollars to Ukraine…

The United States, through the U.S. Agency for International Development (USAID) and in coordination with the U.S. Department of the Treasury and the Department of State, is providing an additional $4.5 billion in direct budgetary support to the Government of Ukraine. The funding, which will help alleviate the acute budget deficit caused by Putin’s brutal war of aggression, was made possible with generous bipartisan support from Congress. The Government of Ukraine will receive the funding in two tranches before the end of 2022.

In addition, U.S. Secretary of State Antony Blinken has just announced that the Ukrainians will be receiving another 400 million dollars in military aid…

Secretary of State Antony Blinken announced a new $400 million military aid package to Ukraine on Wednesday.

The package will include “additional arms, munitions, and air defense equipment from U.S. Department of Defense inventories,” Blinken said in a statement, which didn’t provide many specifics on the weapons heading to Ukraine. It is the 26th time the administration is using the presidential drawdown authority, which allows the United States to take from its stockpiles and provide those weapons to Ukraine.

Rather than giving so much money to the Ukrainians, why can’t we spend it on some antibiotics for our children?

It seems to me that our priorities are really messed up.

The RSV outbreak that we are witnessing right now is really serious.  If you have young children, you will want to closely monitor developments in your local area.

After a couple of really tough years, a lot of people had been hoping that we would experience a “return to normal” in 2022.

But as I keep warning my readers, we have now entered an era of great pestilences.

This year we have seen the bird flu kill tens of millions of our chickens and turkeys, a global monkeypox epidemic has spread all over the globe, and now RSV and the flu are ripping across the nation.

We really are living in unprecedented times, and the challenges that we are facing are only going to get even greater as the months roll along.

***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 BlogEnd Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe.  I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article.  The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions.  I encourage you to follow me on social media on Facebook and Twitter, and any way that you can share these articles with others is 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.

Trillions Upon Trillions Of Dollars Of Wealth Is Being Wiped Out As The “Everything Collapse” Accelerates

Have you checked on the health of your investments lately?  If not, you may be surprised to find out where things currently stand.  As the “everything collapse” accelerates, trillions upon trillions of dollars of wealth is being wiped out.  Many that thought that they were financially set for the rest of their lives are now in panic mode as asset values rapidly crumble.  Just look at what happened to Sam Bankman-Fried.  He was worth 16 billion dollars coming into this month, and now the value of his assets has been “reduced to zero”.  In fact, when you factor in all the money that he owes to creditors, it is likely that his net worth is actually less than zero.

That is how fast it can happen.

Overall, the cryptocurrency industry “has lost more than $1.4 trillion in value this year”

The cryptocurrency market has lost more than $1.4 trillion in value this year as the industry has been plagued with problems from failed projects to a liquidity crunch, exacerbated by the fall of FTX, once one of the world’s largest exchanges.

FTX wasn’t the first domino to fall, and it certainly won’t be the last.

In fact, now we are being warned that Genesis “may need to file for bankruptcy”

Digital-asset brokerage Genesis is struggling to raise fresh cash for its lending unit, and it’s warning potential investors that it may need to file for bankruptcy if its efforts fail, according to people with knowledge of the matter.

Ouch.

If Genesis fails, that is going to hurt.

So why is Genesis in so much trouble?  Well, it turns out that Genesis had “$175 million locked in an FTX trading account”

Genesis has spent the past several days seeking at least $1 billion in fresh capital, said the people, who asked not to be identified because discussions are private. That included talks over a potential investment from crypto exchange Binance, they said, but funding so far has failed to materialize.

The rush for funding was precipitated by a liquidity crunch at the lender after the sudden collapse of FTX, one of the world’s largest crypto exchanges. Genesis halted redemptions shortly after revealing on Nov. 10 that it had $175 million locked in an FTX trading account.

Needless to say, that 175 million dollars is now gone and it isn’t coming back.

Meanwhile, Coinbase continues to spiral downhill as well.  According to Axios, the market cap for Coinbase has now fallen under 10 billion dollars…

The market capitalization of Coinbase just dropped below $10 billion. This time last year, it was more than $70 billion.

Of course it isn’t just the crypto industry that is in enormous trouble.

For years, Tesla’s stock price just kept going higher and higher.

But now Tesla’s market value is about 670 billion dollars lower than it was at this time last year…

Business Insider reports that Tesla’s market valuation has plummeted by nearly $700 billion from its peak a year ago. Insider notes that the $670 billion decline is equivalent to the market value of three Disneys, four Nikes, or six Starbucks.

Meanwhile, ordinary U.S. consumers are losing a tremendous amount of wealth as well.

According to the New York Post, U.S. homeowners “lost a staggering $1.3 trillion in home equity in the third quarter”…

US homeowners lost a staggering $1.3 trillion in home equity in the third quarter during a major slump in the housing sector, according to data published by mortgage analytics firm Black Knight on Tuesday.

Home equity – broadly defined as the value of a homeowner’s property minus what is still owed on their mortgage – has plummeted during a rapid market correction.

The equity losses in just three months were “by far the largest quarterly decline on record by dollar value and the largest since 2009 on a percentage basis,” according to Black Knight data & analytics president Ben Graboske.

We have never seen a quarter like that before.

Not even during the crisis of 2008 and 2009 did we see such a huge quarterly loss.

A new housing crash is here, and it has already gone global.  In fact, Spain has already developed a plan to offer “mortgage support relief” to over a million Spanish households…

Spain’s cabinet on Tuesday gave its approval to mortgage relief support for more than one million vulnerable households and help for middle-class families a day after the government and banks reached an agreement in principle.

The measures are subject to final negotiations with banking associations, Economy Minister Nadia Calvino said, adding that banks had a month to sign up ahead of their planned implementation next year.

Sadly, we will see much more government intervention all over the western world as this nightmare gets even worse in the months ahead.

The pace of layoffs is really starting to pick up, and there is a lot of fear out there right now.

Just about everyone can feel that very tough times are in front of us, and some experts are now issuing bold pronouncements that are quite chilling.

For example, Nouriel Roubini is warning that what we are facing is probably going to be “as bad as during the Global Financial Crisis”…

“History suggests it’s going to be near mission impossible to avoid a hard landing. You’re going to get not only inflation, not only a recession, but what I call the ‘Great Stagflationary Debt Crisis.’ So it’s much worse than the ’70s, and it’s probably as bad as during the Global Financial Crisis.”

Actually, if all we go through is a repeat of what we experienced in 2008 and 2009 we would be extremely fortunate.

Because the truth is that it isn’t just the economy that is failing.

As I have repeatedly warned my regular readers, what we are now witnessing is literally the collapse of everything.

Our entire society is slowly but surely coming apart at the seams all around us, but most people still expect that conditions will eventually return to “normal”.

Unfortunately, “normal” has left the building, and a tremendous amount of pain is ahead.

***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 BlogEnd Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe.  I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article.  The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions.  I encourage you to follow me on social media on Facebook and Twitter, and any way that you can share these articles with others is 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.

Enjoy These Moments, Because The Outlook For After Thanksgiving Is Not Promising At All

I know that things aren’t great right now, but please try to enjoy the next few days, because it appears that economic conditions could quickly get a whole lot worse after Thanksgiving.  I understand that may be difficult for many of you to hear, because we are already dealing with so much.  The worst inflation crisis in decades has been eviscerating our standard of living, major layoffs are being announced all over the nation, the housing market has started to crash, and the fallout from the collapse of FTX threatens to push over more financial dominoes in the weeks ahead.  Unfortunately, now we potentially have another major problem to add to the list.  One of the largest rail unions just voted down a tentative agreement, and so now a national railroad strike in December is a very real possibility

The likelihood of a strike that would paralyze the nation’s rail traffic grew on Monday when the largest of the 12 rail unions, which represents mostly conductors, rejected management’s latest offering that included 24% raises and $5,000 in bonuses. With four of the 12 unions that represent half of the 115,000 rail workers holding out for a better deal, it might fall to Congress to impose one to protect the U.S. economy.

Now that SMART-TD has become the fourth union to reject the tentative labor deal that was on the table, preparations for a crippling nationwide railroad strike that would begin early next month will rapidly move forward.

Such a strike would cripple thousands of supply chains from coast to coast, and even CNN has been forced to admit that an extended strike “could cause shortages and higher prices for goods including fuel and food”…

If a strike goes on for an extended period, it could cause shortages and higher prices for goods including fuel and food. If the four unions that rejected the deals are unable to reach new deals before strike deadlines, Congress could order the railroad workers to remain on the job or return to work.

The good news is that this labor dispute will eventually be resolved one way or another.

But even without a national railroad strike, most experts were already forecasting a dismal month of December.

According to the Wall Street Journal, consumers and businesses are both “bracing for a humbug holiday season”…

Households, retailers and charities nationwide, feeling the pinch of inflation, are bracing for a humbug holiday season.

U.S. consumers and businesses have trimmed spending plans for gifts, charitable contributions and holiday events, data show. The penny-pinching threatens to spoil the year-end for many, especially firms and nonprofits that tally their largest share of sales and donations in November and December.

The Federal Reserve has been waging a war against inflation for months, but prices just keep going up.

In fact, it is being reported that an average Thanksgiving dinner will cost about 20 percent more this year than it did last year…

American families will have an unwelcome guest at the dinner table this Thanksgiving: inflation.

A Thanksgiving meal for 10 will cost $64.05, a 20 percent increase from last year’s average of $53.31, the American Farm Bureau reports.

The centerpiece on most Thanksgiving tables – the turkey – is a big driver of the increase. According to the Farm Bureau,the average price per pound is up 21 percent from last year.

Meanwhile, job losses will completely spoil this holiday season for thousands upon thousands of Americans.

Sadly, many of the jobs that are being lost are good paying jobs.  For example, Cisco just announced that they will be firing over 4,000 well paid workers

San Jose-based tech giant Cisco plans to lay off over 4,000 employees, according to a report in the Silicon Valley Business Journal and later corroborated by the San Francisco Chronicle.

In a transcript of Cisco’s Q1 2023 Earnings Call published by Motley Fool, Cisco Chief Financial Officer Scott Herren characterized the move as a “rebalancing.” Chairman and Chief Executive Officer Chuck Robbins said the company was “rightsizing certain businesses.”

At one point, the average employee at Cisco was making $109,000 a year.

Those that are losing their jobs won’t be able to replace those incomes easily.

On top of everything else, U.S. consumers are now seeing their home values start to fall as the housing market crashes.

As I discussed earlier this week, home sales were 28.4 percent lower in October 2022 than they were in October 2021.

That is a nightmare figure, and those that work in the real estate business are starting to feel the pain.

In fact, Zero Hedge is reporting that a whopping 37 percent of U.S. real estate agents could not pay office rent in October…

Higher borrowing costs triggered a sharp drop in mortgage applications and home sales in the back half of the year. Deal flow is drying up for many real estate agents, resulting in financial duress that may worsen into early 2023.

In October, a shocking 37% of real estate agents struggled to pay office rent — a 10% increase from the prior month, according to Yahoo, citing a new report via Redfin. The figure could worsen as the housing market rapidly cools via the Fed-induced demand side crunch.

That is more than a third of all real estate agents!

Sadly, this is just the beginning.

Our economic momentum is taking us downhill quite quickly now, and it isn’t going to take very much to turn this downturn into an avalanche.

At this point, things are already so bad that best-selling author James Rickards is warning that “this thing is going to completely crash” and that “we are in for a worse crisis than 2008″…

Rickards points out, “Why does Warren Buffett and Brookshire Hathaway have $130 billion in cash?  Buffett is one of the greatest investors of all time.  Why isn’t he out there buying stocks?  Again, why does he have $130 billion in cash?  It’s because Buffett sees what I see.  Yes, this thing is going to completely crash.  It’s a really good idea to have cash because you can go shopping in the wreckage and pick up some bargains.  My point is, we don’t have to guess.  Look at the Treasury yield curve.  Look at the euro/dollar futures yield curve.  Look at other metrics, and guess what it looks like?  It looks like 2007.  Everything I am describing, but not quite as extreme by the way, was true in 2007. . . . These euro/dollar futures were behaving then exactly as they are now.  Except now, the inversion is even worse, which means we are in for a worse crisis than 2008.  It’s coming.  Everything I said has nothing to do with FTX.  Throw FTX on top, and as I said, you are throwing gasoline on a fire.”

If Rickards is correct, what will our nation look like a year from now?

You might want to start thinking about that, because the times we are moving into will be unlike anything we have ever seen before.

But most Americans don’t want to hear this.

Most Americans just want to blindly believe that our leaders in Washington have everything under control and that they will be able to fix things.

There is certainly nothing wrong with hoping for the best, but meanwhile you might also want to start preparing for the worst, because things are starting to get really crazy out there.

***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 BlogEnd Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe.  I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article.  The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions.  I encourage you to follow me on social media on Facebook and Twitter, and any way that you can share these articles with others is 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.

3 Major Factors Which Will Make 2023 A Historically Painful Year For The Housing Market

I am extremely concerned by what I am seeing in the housing market.  When the Federal Reserve decided that it was going to start aggressively hiking interest rates, it was obvious that there would be a housing crash.  I repeatedly warned my readers that prices would start declining and that home sales would fall precipitously.  Needless to say, that is precisely what has happened.  In fact, last week we learned that home sales have now dropped for nine months in a row

Home sales declined for the ninth straight month in October, as higher interest rates and surging inflation kept buyers on the sidelines.

Sales of previously owned homes dropped 5.9% from September to October, according to the National Association of Realtors.

This is already the longest streak of declining sales ever recorded, and this new housing crash is just getting started.

But of course what we have already witnessed has been pretty breathtaking.

According to Zero Hedge, U.S. home sales in October 2022 were 28.4 percent lower than they were in October 2021…

This monthly decline pushed the year-over-year drop in existing home sales to -28.4% – its worst level since 2008!

Sadly, things are likely to get even worse in the months ahead.

The following are 3 major factors which will make 2023 a historically painful year for the housing market…

#1 The Federal Reserve 

Fed officials keep assuring us that interest rates are going to go even higher.

This is literally suicidal behavior, but they are going to do it anyway even though they fully understand what this will do to the housing market.

In fact, an economist at the Dallas Fed just published research which shows that U.S. home prices could soon fall by as much as 20 percent

U.S. home prices could tumble as much as 20% as the highest mortgage rates in two decades threaten to trigger a “severe” price correction, according to research from the Federal Reserve Bank of Dallas.

Fed policymakers need to strike a delicate balance as they try to deflate the housing bubble without bursting it, Dallas Fed economist Enrique Martínez-García wrote in the analysis published this week.

#2 The Employment Market

Officials at the Federal Reserve also know that hiking interest rates even higher will cause unemployment to go up.

We have already seen major layoff announcements at large corporations all over the nation, and now we can add Carvana to the list

Carvana is laying off about 1,500 people, or 8% of its workforce, Friday following a free fall in the company’s stock this year, a weakening used vehicle market and concerns around the company’s long-term trajectory, according to an internal message first obtained by CNBC’s Scott Wapner.

The email from Carvana CEO Ernie Garcia, titled “Today is a hard day,” cites economic headwinds including higher financing costs and delayed car purchasing. He says the company “failed to accurately predict how this would all play out and the impact it would have on our business.”

If the Fed continues to raise rates, eventually millions of Americans could lose their jobs.

And because the vast majority of Americans are barely scraping by from month to month, all of a sudden we could have millions of homeowners that are unable to pay their mortgages.

Just like in 2008 and 2009, that would cause a catastrophic spike in foreclosures, and the ripple effects would be absolutely devastating for Wall Street.

#3 Underwater Mortgages

During the last housing crash, millions of homeowners found themselves deeply underwater on their mortgages as home prices fell rapidly.

If home prices end up plunging 20 percent or more in 2023, we will once again have vast numbers of Americans that owe far more on their homes than they are currently worth.

In 2008 and 2009, large numbers of people that found themselves in such a situation decided to simply walk away from their mortgages.

If the same thing were to happen again, it would cause an extraordinary amount of pain for lenders.

So let us hope that such a scenario does not materialize.

Unfortunately, we continue to get more numbers that indicate that we are heading into a very serious economic downturn.

For example, we just learned that the Conference Board’s index of leading economic indicators has now fallen for eight months in a row

The Conference Board’s Leading Economic Indicators index showed that conditions further deteriorated in October, with the gauge down 0.8% from the previous month. That follows a 0.5% decline in September.

“The U.S. LEI fell for an eighth consecutive month, suggesting the economy is possibly in a recession,” said Ataman Ozyildirim, senior director of economic research at The Conference Board.

Meanwhile, yet another survey has found that the vast majority of U.S. consumers are currently living paycheck to paycheck…

A new employee report said on Friday that as many as 60% of U.S. consumers are living paycheck to paycheck.

The report, a collaboration between data analysis PYMNTS and LendingClub, said 55% of nearly 3,500 people surveyed said they have limited spending capacity, and 49% are shifting their shopping preferences.

The report said that 66% of those living paycheck to paycheck have slashed spending.

Most Americans will not be dealing with the harsh economic environment that is ahead from a position of financial strength.

When things get really bad, millions of people will suddenly not be able to pay their bills.

In particular, I feel really bad for those that purchased homes at or near the peak of the market.  So many of them are going to end up losing those homes.

We may have been able to avoid another housing crash if our leaders had pursued much different policies.

But that didn’t happen, and now we are going to experience an immense amount of chaos in 2023 and beyond.

The Federal Reserve created the largest housing bubble in American history by flooding the system with money and pushing interest rates all the way to the floor.

Now they are violently bursting that bubble, and the months ahead are going to be extraordinarily painful for the housing market.

***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 BlogEnd Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe.  I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article.  The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions.  I encourage you to follow me on social media on Facebook and Twitter, and any way that you can share these articles with others is 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.