Money

This is starting to get really bad.  By now, you have probably heard that the stock market crashed again on Wednesday.  The carnage was immense, and the big names on Wall Street are deeply concerned about what will happen next.  But this wasn’t supposed to happen.  After falling for six weeks in a row, this was supposed to be the week when stock prices finally bounced back.  Needless to say, that isn’t what we are witnessing.  In fact, we just witnessed the worst day for the Dow since the early days of the COVID pandemic…

The Dow shed 1,164.52 points, or 3.57%, to 31,490.07, or the average’s biggest decline since June 2020. The S&P 500 traded 4.04% lower to 3,923.68, also the worst drop since 2020. The Nasdaq Composite slipped 4.73% to 11,418.15, which is the largest fall in the tech-heavy index since May 5. The selling was broad and intense on Wall Street with just eight members of the S&P 500 in the green.

If the Dow breaks below the all-important 30,000 psychological barrier, this steady slide in stock prices could quickly evolve into a full-blown avalanche.

There is already a tremendous amount of fear on Wall Street, and at this point it won’t take much of a push to set off a colossal wave of panic.

On Wednesday, disappointing results from two of our largest retailers were being blamed for the renewed wave of selling.  Target “reported a stunning 52% drop in profit for the first quarter”, and Walmart stock “had its worst day in 35 years” after reporting numbers that were well below expectations.

It turns out that U.S. consumers have a lot less discretionary income to spend at retailers these days because they are having to spend so much more on basics such as food and gasoline.  And we are being warned that all retailers are likely to suffer as long as this highly inflationary environment persists…

“Any company that relies on households and discretionary purchases will likely suffer this quarter because a lot of discretionary income has been funneled to food and energy prices,” said Jack Ablin, founding partner of Cresset Capital.

There is only so much money to go around, and as I explained a few days ago, this inflationary spiral is systematically destroying our standard of living.

If prices stay at their current levels, the average U.S. household will spend approximately $5,000 a year just on gasoline…

U.S. households are now spending the equivalent of $5,000 a year on gasoline, up from $2,800 a year ago, according to Yardeni Research.

Of course gasoline prices are not going to stay at their current levels.

They just keep going higher and higher and higher.

In fact, the average price of a gallon of gasoline in the United States has now hit a brand new record high for nine days in a row…

Wednesday was the 9th straight day that gas prices hit an all-time record high!

9 DAYS IN A ROW–

The price at the pump is now $4.56 per a gallon of regular gas.

Diesel also hit a new record. The price of diesel is now at $5.57 per gallon.

But if you think that $4.56 is bad, just wait until we get to the end of the summer.

JPMorgan is warning that the average price of a gallon of gasoline in the United States could hit 6 bucks just a few months from now…

The average price for gasoline in California hit $6 a gallon Tuesday for the first time — and analysts at JPMorgan are warning that price could be the national average before the end of the summer.

The startling forecast comes as US gas prices have surged to record highs in the aftermath of Russia’s invasion of Ukraine, casting a shadow over the economy.

“There is a real risk the price could reach $6+ a gallon by August,” Natasha Kaneva, head of global oil and commodities research at JPMorgan, told CNN in an email on Tuesday.

In a desperate attempt to get the inflationary spiral that they created under control, the Federal Reserve has started to recklessly raise interest rates.

Of course this is going to cause the housing market to crash, and we just got even more evidence that this is already starting to happen…

Homebuyer demand for mortgages tumbled last week as the average interest rate on the most popular U.S. home loan hovered near a 13-year high, a sign the red-hot housing market may be starting to cool off, according to new data from the Mortgage Bankers Association.

Mortgage applications to purchase a home dropped 12% on a weekly basis and are down 15% compared with the same week one year ago.

The housing bubble will not survive without low interest rates.

Neither will the stock market bubble.

But Fed Chair Jerome Powell doesn’t seem to care.

He is so spooked by inflation that he can’t seem to see any of our other rapidly growing problems.  In fact, he is now telling us that his institution may need “to consider moving more aggressively” in the months ahead…

Fed Chair Jerome Powell told a Wall Street Journal conference that the U.S. central bank will “have to consider moving more aggressively” if inflation that is running at a four-decade high fails to ease after earlier rate hikes.

In other words, Powell is openly admitting that the Fed may raise rates at an even faster pace by the end of this calendar year.

Oh boy.

The only reason why stock prices ever got so ridiculously high is because the Fed kept interest rates way too low for way too long, and because the Fed kept pumping trillions of fresh dollars into the system.

Now the Fed is taking away the punch bowl and is aggressively raising interest rates.

This is inevitably going to cause the bubble that they created to completely and utterly implode.

So if you want to know who to blame for the coming financial crisis, just look at the Federal Reserve.

Those that follow my work on a regular basis know that I have been a severe critic of the Fed for a very long time.

They got us into this mess, and now everyone is hoping that they can get us out of it.

You can put your faith in them if you want, but meanwhile I would highly advise that you brace yourself for the giant crash that has now started to happen.

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

About the Author: My name is Michael and my brand new book entitled “7 Year Apocalypse” is now available on Amazon.com.  In addition to my new book I have written five other books that are available on Amazon.com including  “Lost Prophecies Of The Future Of America”, “The Beginning Of The End”, “Get Prepared Now”, and “Living A Life That Really Matters”. (#CommissionsEarned)  When you purchase any of these books you help to support the work that I am doing, and one way that you can really help is by sending digital copies as gifts through Amazon to family and friends.  Time is short, and I need help getting these warnings into the hands of as many people as possible.  I have published thousands of articles on The Economic Collapse Blog, End Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe.  I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article.  The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions.  I encourage you to follow me on social media on Facebook and Twitter, and any way that you can share these articles with others is a great help.  These are such troubled times, and people need hope.  John 3:16 tells us about the hope that God has given us through Jesus Christ: “For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life.”  If you have not already done so, I strongly urge you to ask Jesus to be your Lord and Savior today.

Why have they suddenly decided to reveal so much?  For decades, a very thick cloak of secrecy has surrounded what the government really knows about UFOs, but now our politicians are talking openly about such things.  In fact, Congress just held their very first public hearing about UFOs in 50 years.  So what has changed?  If anything happens in Washington, it is usually because someone has an underlying agenda.  Could it be possible that we are being prepared for some sort of a huge revelation?

To me, it is clear that something is up.

And I think that it says a lot that the power structures in our society are now treating this topic very seriously.  At this point, even CNN is admitting that UFOs are no longer being “relegated to the fringes of public policy”…

Key lawmakers warned at a House hearing on Tuesday that unidentified aerial phenomena — popularly known as UFOs — must be investigated and taken seriously as a potential threat to national security.

The event marked the first congressional public hearing on UFOs in decades, a high-profile moment for a controversial topic that has long been relegated to the fringes of public policy.

During the hearing on Tuesday, U.S. officials confessed that there have been at least 400 “unexplained sightings” by members of our military…

US SPY chiefs were grilled by lawmakers in a historic hearing on UFOs as dramatic videos of two sightings were shown.

Security officials were forced to admit there have been 400 unexplained sightings reported by the US military .

That number is very different from the number that we were given in 2021.

Late last year, the Pentagon told us that there were just 144 unexplained sightings.

But now we are being told that the real number is nearly triple the original number.

And on Tuesday we were also told that there have been “11 near misses” with U.S. military aircraft…

They also confessed there have been 11 near misses with unidentified objects and US military aircraft, and they are probing incidents where craft may have attempted “jam” US planes.

So let me get this straight.

11 different times our aircraft were almost hit by other aircraft that we simply cannot identify?

Why weren’t we told about this a long time ago?

Of course there is so much more that the Pentagon is choosing not to tell us.  According to Politico, one Defense Department official is freely admitting that there is a great deal that is not being publicly revealed…

“Without forcing peoples’ hand, it is going to be very difficult to uncover legacy ventures and programs that we know about based on oral interviews we dug up,” said a Defense Department official who is involved in the new effort but was not authorized to speak publicly. “There has to be a forcing mechanism.”

“There has to be something to hold people accountable but also give them a chance to come out clean for a period of time,” the official added, noting that in his experience the Pentagon oversight group has been “stonewalled.”

That same official went on to explain that the people that are refusing to come forward are protecting some “very interesting information”.

I would definitely like to know what that “very interesting information” is.

Wouldn’t you?

I think that most of the population would be completely floored if everything that the government knows was finally put on the table.

According to one member of Congress, our military has actually recovered physical wreckage from a UFO that crashed…

A CONGRESSMAN has claimed the US has wreckage recovered from a UFO as the phenomena takes centre stage today in Washington.

Rep. Tim Burchett – a long term advocate for disclosure – told The Sun Online he has been informed by reliable sources that “material” has been recovered from the objects or craft that have been reported in skies over the US.

So why can’t the American people know about this?

What are they trying to hide from us?

Burchett says that he can’t say more because this information was given to him in a “classified setting”…

The Tennessee Republican declined to elaborate further as he said the information had been passed to him in a “classified setting”.

“I’ve been told by multiple sources we have recovered something from these [crafts or objects],” Mr Burchett told The Sun Online.

It is so frustrating to hear about this and know that we will probably never be given the specific details.

The American people deserve the truth, but so much is being purposely hidden.

Lue Elizondo, a former senior staffer at the Pentagon, says that there has been much speculation in military circles about the true source of these unidentified craft…

‘People jump to speculation that it’s from the Pleiades or something like that, when in fact one of the hypothesis when I was in AATIP was this could be as natural to Earth as we are, but we are just at a point where technologically we aren’t advanced enough we can collect information on it and begin to try to figure out what it is,’ he said.

‘There’s been another hypothesis that these things are possibly from underwater and as outlandish as it may seem, there is some anecdotal evidence that supports all of these observations, so what we want to do is try to get as much data on the table as we can before we start eliminating,’ said Elizondo.

He said way too much right there, because he got way too close to details that we aren’t supposed to know about.

If he keeps talking like that, he could end up being killed.

Because even though our officials are now talking more openly about UFOs, there are still many things that they would very much prefer to keep secret.

In my latest book, I talk extensively about the great deception that I believe is coming.

These unidentified aircraft are very real, and every year they are spotted thousands upon thousands of times all over the globe.

Now this subject is being brought out into the spotlight, and that should make all of us very nervous.

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

About the Author: My name is Michael and my brand new book entitled “7 Year Apocalypse” is now available on Amazon.com.  In addition to my new book I have written five other books that are available on Amazon.com including  “Lost Prophecies Of The Future Of America”, “The Beginning Of The End”, “Get Prepared Now”, and “Living A Life That Really Matters”. (#CommissionsEarned)  When you purchase any of these books you help to support the work that I am doing, and one way that you can really help is by sending digital copies as gifts through Amazon to family and friends.  Time is short, and I need help getting these warnings into the hands of as many people as possible.  I have published thousands of articles on The Economic Collapse Blog, End Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe.  I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article.  The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions.  I encourage you to follow me on social media on Facebook and Twitter, and any way that you can share these articles with others is a great help.  These are such troubled times, and people need hope.  John 3:16 tells us about the hope that God has given us through Jesus Christ: “For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life.”  If you have not already done so, I strongly urge you to ask Jesus to be your Lord and Savior today.

Most Americans didn’t understand that the exceedingly foolish decisions of our leaders would eventually have a major impact on how they live their lives every single day.  But there are some of us that did.  Many of us literally begged our politicians to stop borrowing and spending trillions upon trillions of dollars that we did not have.  But they refused to listen.  And many of us literally begged the officials at the Federal Reserve to stop pumping trillions upon trillions of fresh dollars into the financial system.  Of course they wouldn’t listen to us either.  Now our standard of living is steadily being eviscerated, and most of the population seems quite surprised that this is happening.

Flooding our economy with money was inevitably going to create an inflation crisis, and that is precisely what has happened.

Back in May 2020, the average price of a gallon of gasoline in the United States was $1.96.

One year later, the average price of a gallon of gasoline in the United States was $3.08.

That was more than a 50 percent increase in just 12 months.

But that wasn’t the end of the story.

On Sunday, the average price of a gallon of gasoline in the United States hit an all-time record of $4.47.

Then on Monday it hit another all-time record of $4.48 per gallon.

That means that the price of gasoline has risen almost another 50 percent since May 2021.

Has your paycheck gone up by 50 percent during each of the last two years?

Needless to say, most of you cannot answer that question affirmatively.

Of course some areas of the country are being hit harder than others.  In California, the average price of a gallon of gasoline has now reached $5.92.

But just wait until the war in the Middle East starts.

Once that occurs, it won’t be too long before many Americans are paying 10 dollars for a gallon of gasoline.

Meanwhile, food prices in the U.S. are rising at a pace that is unlike anything that I have ever seen before.  Just check out these extremely alarming numbers that the government released last week…

Thursday’s report showed a broad-based rise in the cost of food at the wholesale level, with grains up 41.3 percent from a year ago as Russia’s war in Ukraine raises world prices. Both Russia and Ukraine are major grain producers.

The cost of eggs skyrocketed 161.3 percent, driven up by a bird flu outbreak that has killed 10 percent of chickens in the US. Processed young chickens were up 24.1 percent from a year ago.

Fresh vegetables were up 45.7 percent and fresh fruit rose 17.3 percent.

Eating fresh vegetables is a very good thing to do.

But now they will cost you 45 percent more than they did a year ago.

Has your paycheck gone up by 45 percent over the past year?

Sadly, food prices have been going crazy all over the globe, and this is going to hurt those on the bottom of the economic food chain the hardest.

In fact, the head of the Bank of England is using the word “apocalyptic” to describe the impact that these prices will have on the poor…

The Bank of England governor has blamed the war in Ukraine for the highest inflation in the UK for three decades and warned that “apocalyptic” food prices caused by Russia’s invasion could have a disastrous impact on the world’s poor.

And the head of the UN World Food Program is warning that extremely painful food prices could lead to widespread civil unrest in many areas of the planet…

A perfect storm of war, extreme weather and Covid-19 will drive global food prices to levels that will cause social unrest in some parts of the world, according to David Beasley, head of the United Nations World Food Programme.

“If people can’t feed their children and their families, then the politics unsettles,” Beasley told CNN during a conference on Thursday.

If you have been waiting for everything to “go back to normal”, you can stop.

Because it isn’t going to happen.

Homes are becoming a lot less affordable too.

As a result of a “combination of rising home prices and higher interest rates”, the average payment on a new mortgage is now 38 percent higher than it was 12 months ago in the United States…

The combination of rising home prices and higher interest rates — driven largely by the Federal Reserve’s more aggressive efforts to curb inflation — hiked monthly mortgage payments on the typical U.S. home by 19.5 percent in the first three months of the year, according to real estate listing service Zillow. Payments are 38 percent higher than a year ago.

Has your paycheck gone up by 38 percent over the past year?

I keep asking questions like that to point out the fact that your standard of living is being systematically destroyed.

It wasn’t just an intellectual exercise when I penned long article after long article about the evils of debasing our currency.

This is real.

I wasn’t joking when I warned that we were committing financial suicide.  Now a day of reckoning has arrived, and everyone is expecting the same clowns that got us into this mess to get us out of it.

It ain’t gonna happen.

Once the next major crisis comes along, our leaders in Washington will respond by borrowing and spending even more money, and the “experts” at the Fed will respond by pumping even more fresh cash into the system.

And ultimately we will have the kind of horrific inflationary meltdown that I have been warning about for years.

Things didn’t have to turn out this way.

But the American people just kept sending big spenders to Washington, and any political candidates that dared to be critical of the Federal Reserve were considered to be “fringe”.

Now we get to reap what we have sown, and it will not be fun at all.

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

About the Author: My name is Michael and my brand new book entitled “7 Year Apocalypse” is now available on Amazon.com.  In addition to my new book I have written five other books that are available on Amazon.com including  “Lost Prophecies Of The Future Of America”, “The Beginning Of The End”, “Get Prepared Now”, and “Living A Life That Really Matters”. (#CommissionsEarned)  When you purchase any of these books you help to support the work that I am doing, and one way that you can really help is by sending digital copies as gifts through Amazon to family and friends.  Time is short, and I need help getting these warnings into the hands of as many people as possible.  I have published thousands of articles on The Economic Collapse Blog, End Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe.  I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article.  The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions.  I encourage you to follow me on social media on Facebook and Twitter, and any way that you can share these articles with others is a great help.  These are such troubled times, and people need hope.  John 3:16 tells us about the hope that God has given us through Jesus Christ: “For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life.”  If you have not already done so, I strongly urge you to ask Jesus to be your Lord and Savior today.

If you think that the food and diesel shortages are bad now, then you will be absolutely horrified by what the globe is experiencing by the end of the year.  All over the planet, food production is being crippled by an unprecedented confluence of factors.  The war in Ukraine, extremely bizarre weather patterns, nightmarish plagues and a historic fertilizer crisis have combined to create a “perfect storm” that isn’t going away any time soon.  As a result, the food that won’t be grown in 2022 will become an extremely severe global problem by the end of this calendar year.  Global wheat prices have already risen by more than 40 percent since the start of 2022, but this is just the beginning.  Meanwhile, we are facing unthinkable diesel fuel shortages in the United States this summer, and as you will see below there are “no plans” to increase refining capacity in this country for the foreseeable future.

If you had told me six months ago that we would be dealing with the worst baby formula shortage in U.S. history in the middle of 2022, I am not sure that I would have believed you.

But that is precisely what we are now facing.  One young couple in Florida searched stores in their area for four hours and couldn’t find anything…

When Erik and Kelly Schmidt, both 35, went into a Central Florida Target store this week to buy their usual baby formula, Up & Up Gentle, for their five-month-old twins, they found an empty shelf.

The pair then embarked on a half-day journey in search of formula, any formula, and their quest didn’t end there. “We spent over four hours going to every Target, different Walmarts, different grocery stores, just finding absolutely nothing,” Erik Schmidt said.

Of course the Biden administration has made sure that there is enough baby formula for migrants that are illegally crossing the border, but for millions of ordinary American families this crisis has become a complete and utter nightmare.

One father actually broke down in tears right in the middle of the baby formula aisle in Walmart because things have become so desperate for his family…

Sara Owens, of Florence County, said she was hunting for baby formula for his six-month-old daughter, Namoi, amid a nationwide shortage when she encountered a dad break into tears after driving from store to store looking for his daughter’s brand of formula.

‘As tears continued to stream down his face he said ‘I never thought I would be crying because I can’t find what my child has to have,” Owens wote in the Facebook post that’s been shared more than 180,000 times. ‘My heart broke to 100 pieces on the formula aisle in Walmart.’

Sadly, we shouldn’t expect any improvement any time soon.

As I discussed last week, the Biden administration shut down one of the most important baby formula manufacturing facilities in this country a while ago, and the CEO of Abbott Nutrition says that it will take a few months to get products back on the shelves once the FDA finally allows them to reopen the plant…

Meanwhile, the plant remains closed as the company works to make upgrades to the facility to meet the FDA’s recommendations. Abbott says it can have products from the facility back on store shelves after a few months once the FDA signs off on them doing so.

Needless to say, baby formula is not the only thing in short supply right now.  As shortages grow and prices spiral out of control, grocery stores are increasingly becoming prime targets for thieves.

In fact, things have already gotten so bad in the Midwest that one major supermarket chain has decided to post armed guards in their stores…

The shoulder patches say, “A Helpful Smile in Every Aisle,” but the police-style uniforms, complete with belts with holstered taser and possibly handguns, may send a very different message as Hy-Vee deploys a new retail security team in its stores.

The West Des Moines-based supermarket chain will begin introducing its own security force “as part of its ongoing efforts to ensure the health and safety of both its customers and employees,” the company announced in a news release on Dec. 29. The program will roll out throughout 2022, but security teams are already present in some stores.

As I have warned for many years, eventually we will see armed guards in supermarkets and on food delivery trucks all over the nation.

In the months ahead, food production is going to be way below expectations all over the globe.  The following summary of what farmers are currently facing comes from Zero Hedge…

Across the world, top wheat-producing regions are experiencing adverse weather conditions that could threaten production. In places like Ukraine, a military invasion by Russia has slashed production significantly. All of this suggests the world is on the cusp of a food crisis.

Droughts, floods, and heatwaves have plagued farmland in the U.S., Europe, India, and China. As for Ukraine, the world’s largest wheat producer, the war could slash production by upwards of a third.

As I have previously detailed, some countries have already decided to ban certain types of agricultural exports as they brace for the coming global food crisis.

And we just learned that India has now decided to ban the export of all wheat…

India, the second-largest producer of wheat, has banned exports of the commodity, due to a risk to its food security.

A Friday notice in the government gazette signed by Santosh Kumar Sarangi, the Director General of Foreign Trade, said that a “sudden spike” in the global prices of wheat was putting India, neighboring and other vulnerable countries at risk.

This is huge.

Supplies of food are getting tighter with each passing week, and this is already starting to spark food riots all over the world.

For example, we witnessed some very emotional protests in Iran last week…

Protests broke out in Iran Thursday after the government cut subsidies for food, sending prices through the roof as authorities brace for more unrest in the following weeks.

In videos shared on social media, protesters can be seen marching through Dezful and Mahshahr in the southwestern province of Khezestan, chanting “Death to Khamenei! Death to Raisi!” referring to Iranian President Ebrahim Raisi has promised to create jobs, lift sanctions, and rescue the economy.

And in Sri Lanka the citizens are so angry that they are actually burning down the homes of politicians…

Protesters in Sri Lanka have burned down homes belonging to 38 politicians as the crisis-hit country plunged further into chaos, with the government ordering troops to “shoot on sight.”

Police in the island nation said Tuesday that in addition to the destroyed homes, 75 others have been damaged as angry Sri Lankans continue to defy a nationwide curfew to protest against what they say is the government’s mishandling of the country’s worst economic crisis since 1948.

This is just the tip of the iceberg.

Things will get really crazy in the months ahead as global food supples get a whole lot tighter.

Meanwhile, we are being warned that there is likely to be a “diesel fuel shortage on the East Coast” during the months ahead…

The possibility of a diesel fuel shortage is being monitored as diesel fuel prices across the country and in Maryland continue to surpass all-time highs.

According to fuel industry experts, all signs are pointing to a potential diesel fuel shortage on the East Coast that could cripple an already fragile supply chain.

Last week, the price of diesel fuel in the U.S. rose to an all-time record high of $5.62 a gallon, and it is only going to go higher.

The biggest reason why we are facing such a supply crunch right now is because there are “simply too few refineries turning oil into usable fuels”…

From record gasoline prices to higher airfares to fears of diesel rationing ahead, America’s runaway energy market is disquieting both US travelers and the wider economy. But the chief driver isn’t high crude prices or even the rebound in demand: It’s simply too few refineries turning oil into usable fuels.

Surely more refineries are being built to meet the growing demand, right?

Wrong.

Mountains of regulations that have been instituted by our politicians make it extremely difficult to build and operate a new refinery in this country.

As a result, we are being told that “the supply squeeze is only going to get worse” for the foreseeable future…

More than 1 million barrels a day of the country’s oil refining capacity — or about 5% overall — has shut since the beginning of the pandemic. Elsewhere in the world, capacity has shrunk by 2.13 million additional barrels a day, energy consultancy Turner, Mason & Co. estimates. And with no plans to bring new US plants online, even though refiners are reaping record profits, the supply squeeze is only going to get worse.

To a very large degree, we have done this to ourselves.

And as I keep telling my readers, decades of very foolish decisions are starting to catch up with us in a major way.

Our trucks and our trains run on diesel, and so a shortage of diesel will only make our ongoing supply chain crisis even worse.

This nightmare never seems to end, and there will be plenty of pain in the months ahead.

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

About the Author: My name is Michael and my brand new book entitled “7 Year Apocalypse” is now available on Amazon.com.  In addition to my new book I have written five other books that are available on Amazon.com including  “Lost Prophecies Of The Future Of America”, “The Beginning Of The End”, “Get Prepared Now”, and “Living A Life That Really Matters”. (#CommissionsEarned)  When you purchase any of these books you help to support the work that I am doing, and one way that you can really help is by sending digital copies as gifts through Amazon to family and friends.  Time is short, and I need help getting these warnings into the hands of as many people as possible.  I have published thousands of articles on The Economic Collapse Blog, End Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe.  I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article.  The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions.  I encourage you to follow me on social media on Facebook and Twitter, and any way that you can share these articles with others is a great help.  These are such troubled times, and people need hope.  John 3:16 tells us about the hope that God has given us through Jesus Christ: “For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life.”  If you have not already done so, I strongly urge you to ask Jesus to be your Lord and Savior today.

It is happening again.  More than a decade ago, we witnessed an absolutely unprecedented “housing bubble” in the United States followed by a horrific crash that resulted in millions of Americans losing their homes and a financial catastrophe on Wall Street that we still talk about today.  But instead of learning our lessons from that disaster, we are repeating history instead.  The “housing bubble” that we are currently experiencing is far larger than the one that burst in 2008, and everyone knew that if mortgage rates rose high enough it could cause the bubble to burst.  Unfortunately, that is precisely what is taking place.  The average 30 year fixed mortgage rate was sitting at 2.67 percent in December 2020, and now it has risen to 5.30 percent.  In case you are bad at math, that means that the average 30 year fixed mortgage rate has roughly doubled, and that is extremely bad news for the housing market.

The combination of rapidly rising prices and soaring interest rates means that homes have become far less affordable these days.

According to CNN, U.S. home prices have jumped almost 21 percent compared to a year ago…

It’s understandable that homeowners, in particular, might be worried about a potential housing market crash — 2008 is our most recent example of what can happen after an incredible run-up in home values. And we’ve never seen a market hotter than this one. The typical US home is worth nearly 21% more than it was just a year ago, a record that’s been reset each of the past 12 months.

Meanwhile, mortgage rates have gone absolutely nuts.  According to Freddie Mac, the average 30 year fixed mortgage rate went from 2.97 percent last April to 5.11 percent this April.

That is a seismic shift.

As a result of this shift, the typical monthly payment for someone buying a home went from $1,124 in December 2020 to $1,742 in April 2022.  That represents a whopping 55 percent increase…

Here’s how the numbers look for the typical home in the U.S.: The median price for a home has risen from $309,200 in December 2020 to $357,300.

Over that same period, interest rates rose from 2.67% to 5.08% this week. With a 10% down payment, that has pushed the monthly payment up from $1,124 to $1,742 — a whopping 55% increase. That’s upward of $600 a month on that $357,000 home. That’s the impact of higher prices together with rising rates.

And the truth is that the typical monthly payment is even higher here in May, because the average 30 year fixed mortgage rate has shot up to 5.30 percent…

The average 30-year fixed mortgage rate was 5.3% the second week of May, according to the government-backed mortgage buyer Freddie Mac. That’s the highest it’s been since 2009. Six months ago, mortgage rates were in the 3% range.

This is the highest that mortgage rates have been since July 2009.

And in July 2009 we were living through the aftermath of the worst housing crash in all of U.S. history.

Will the coming collapse be even worse?

Data that is coming in for the month of April seems to indicate that the market is already starting to crack…

As data trickles in for April, it’s becoming clear that the historically hot housing market has flipped trajectories. It’s now in cooling mode. The number of homes listed for sale is rising again. Fewer shoppers are scheduling tours. And Redfin reports 15% of home sellers in April cut their asking price—up from 9% a year ago.

And it appears that things could rapidly get even worse.

The following quotes from industry insiders were recently posted on Zero Hedge…

• Washington DC builder: “Traffic half what it was in March. Worried about first time buyers. Many fewer REAL buyers than number of people collected on interest list last 6 months. Certainly more attempts [from buyers] to negotiate.”
• Seattle builder: “Pause by a large population of buyers. To achieve our desired [sales] pace, we had to make price adjustments. Rates starting to knock people out of qualification.”
• Riverside San Bernardino builder: “Cancellations are starting to creep up due to loan declines and job losses. Waiting lists are certainly smaller. Saw an immediate change in buyer behavior when rates climbed over 5%.”
• Los Angeles builder: “Buyers who are stretching to purchase have become more cautious.”
• San Diego builder: “Buyers are definitely a bit more edgy.”

The market has clearly peaked, and now we are getting ready for the long ride downhill.

And it won’t be pretty.

If the Federal Reserve wanted to support the housing market, it would keep interest rates low, but the Federal Reserve has decided not to do that.

Instead, the Federal Reserve is recklessly raising interest rates because it is so scared of inflation.

The Fed has warned us that more rate increases are on the way in the months ahead, and that will undoubtedly push mortgage rates even higher.

When asked if he could engineer a “soft landing”, Fed Chair Jerome Powell was very honest about the fact that he could not guarantee one…

Federal Reserve Chairman Jerome Powell warned Thursday that getting inflation under control could cause some economic pain but remains his top priority.

Powell said he couldn’t promise a so-called soft landing for the economy as the Fed raises interest rates to tamp down price increases running near their fastest pace in more than 40 years.

If a plane does not have a “soft landing”, what kind of landing does it have?

Needless to say, the only other options are a bumpy landing or a crash.

Sadly, it appears that our housing market is in for either a bumpy landing or a crash as well.

And considering how much larger this housing bubble is compared to all other U.S. housing bubbles throughout history, I would say that the odds of a crash are really quite high.

The party was fun while it lasted, but now it has come to a screeching halt.

I hope that you are prepared for what comes next.

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

About the Author: My name is Michael and my brand new book entitled “7 Year Apocalypse” is now available on Amazon.com.  In addition to my new book I have written five other books that are available on Amazon.com including  “Lost Prophecies Of The Future Of America”, “The Beginning Of The End”, “Get Prepared Now”, and “Living A Life That Really Matters”. (#CommissionsEarned)  When you purchase any of these books you help to support the work that I am doing, and one way that you can really help is by sending digital copies as gifts through Amazon to family and friends.  Time is short, and I need help getting these warnings into the hands of as many people as possible.  I have published thousands of articles on The Economic Collapse Blog, End Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe.  I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article.  The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions.  I encourage you to follow me on social media on Facebook and Twitter, and any way that you can share these articles with others is a great help.  These are such troubled times, and people need hope.  John 3:16 tells us about the hope that God has given us through Jesus Christ: “For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life.”  If you have not already done so, I strongly urge you to ask Jesus to be your Lord and Savior today.

I have really been struggling to come up with an accurate way of describing the current state of the U.S. economy, because none of the traditional labels seem to apply.  Inflation is out of control, and that normally happens when an economy is overheating.  But of course the U.S. economy is not overheating.  In fact, if U.S. GDP falls once again during the second quarter, that will officially confirm that we are actually in a recession right now.  There are some that have suggested that “stagflation” is a good description of current economic conditions, but the truth is that what we are facing is so much worse than anything that we dealt with during the 1970s.

Let me give you an example.  The Bureau of Labor Statistics just informed us that the consumer price index is 8.3 percent higher than it was a year ago…

Inflation rose again in April, continuing a climb that has pushed consumers to the brink and is threatening the economic expansion, the Bureau of Labor Statistics reported Wednesday.

The consumer price index, a broad-based measure of prices for goods and services, increased 8.3% from a year ago, higher than the Dow Jones estimate for an 8.1% gain.

That is a really bad number, but it doesn’t accurately reflect reality.

If inflation was still calculated the way that it was back in 1980, the official rate of inflation would be well over 15 percent right now, and that is far worse than at any point during the Jimmy Carter era.

And if you can believe it, the real rate of inflation is now the highest that it has ever been in the entire modern history of the United States.

The term “meltdown” comes to mind, but I don’t think that completely captures what we are facing either.

Of course Joe Biden says he has a plan, and he insists that reducing inflation is his “top economic priority”…

President Biden, reacting to April’s consumer price index Wednesday, acknowledged that inflation is “unacceptably high,” and maintained that lowering prices for American families is his “top economic priority,” while again blaming the surging numbers on COVID-19 and Russian President Vladimir Putin.

Meanwhile, tens of millions of ordinary Americans continue to deeply suffer as prices spiral out of control.

Earlier today, I was stunned to see that even CNN is admitting that some Americans are “skipping meals” these days in order to make ends meet…

The price of groceries, gas, rent and utilities has marched higher over the past year; but wages have not kept up — and more than half of single parents make less than $15 an hour, according to recent research from Oxfam.

That has left many single parents skipping meals so their children have plenty of food, providing less healthy meals for their families, and culling expenses to the point where any unforeseen cost could mean more debt — or worse.

If people are skipping meals already, what will things be like a year from now when economic conditions are even worse?

Most people don’t realize this, but we are extremely vulnerable.  When the next major downturn strikes, millions upon millions of Americans will be instantly wiped out.

According to a report that was just released, almost two-thirds of all Americans are currently living paycheck to paycheck…

As of March, close to two-thirds, or 64%, of the U.S. population was living paycheck to paycheck, just shy of the high of 65% in 2020, according to a LendingClub report.

“The number of people living paycheck to paycheck today is reminiscent of the early days of the pandemic and it has become the dominant lifestyle across income brackets,” said Anuj Nayar, LendingClub’s financial health officer.

Living on the edge is fine as long as a paycheck keeps coming in like clockwork.

But if things suddenly shift, millions upon millions of Americans could suddenly find themselves plunged into poverty.

Before I end this article, I would be remiss if I did not mention the fact that financial markets were way down yet again today.

In fact, the Nasdaq dropped another 3 percent.

But the big news is what is happening to the cryptocurrency industry.  Cryptos are crashing harder than Hunter Biden after a drug-fueled night with a Chinese hooker, and Coinbase is coming apart like a 20 dollar suit…

The cryptocurrency brokerage reported a first-quarter loss late Tuesday and revenue that fell 27% from a year ago, missing Wall Street’s forecasts. Coinbase shares plummeted nearly 25% in early trading Wednesday morning and hit their lowest level ever.

Coinbase stock is now down more than 75% this year and is trading nearly 85% below its all-time high price from November. Shares have lost more than half their value in just the past week alone.

If you have money with Coinbase, you may want to consider your options, because it is being reported that “users might lose all the cryptocurrency stored in their accounts” if Coinbase actually goes bankrupt…

Hidden away in Coinbase Global’s disappointing first-quarter earnings report—in which the U.S.’s largest cryptocurrency exchange reported a quarterly loss of $430 million and a 19% drop in monthly users—is an update on the risks of using Coinbase’s service that may come as a surprise to its millions of users.

In the event the crypto exchange goes bankrupt, Coinbase says, its users might lose all the cryptocurrency stored in their accounts too.

I was absolutely floored when I first read that.

Right now, Coinbase is holding more than 250 billion dollars worth of assets for its customers, and there is a danger that all of it could become “inaccessible”…

Coinbase said in its earnings report Tuesday that it holds $256 billion in both fiat currencies and cryptocurrencies on behalf of its customers. Yet the exchange noted that in the event it ever declared bankruptcy, “the crypto assets we hold in custody on behalf of our customers could be subject to bankruptcy proceedings.” Coinbase users would become “general unsecured creditors,” meaning they have no right to claim any specific property from the exchange in proceedings. Their funds would become inaccessible.

So there are some people out there that currently believe that they are crypto millionaires that could literally end up with nothing.

At this point, the crypto industry is in the process of melting down.

But so are the financial markets.

And so is the overall economy.

The great unraveling that we have been warned about is here, and we are still only in the early chapters.

I would greatly encourage you to protect your assets while you still can.

A rush for the exits has now begun, and you don’t want to be caught holding the bag.

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

About the Author: My name is Michael and my brand new book entitled “7 Year Apocalypse” is now available on Amazon.com.  In addition to my new book I have written five other books that are available on Amazon.com including  “Lost Prophecies Of The Future Of America”, “The Beginning Of The End”, “Get Prepared Now”, and “Living A Life That Really Matters”. (#CommissionsEarned)  When you purchase any of these books you help to support the work that I am doing, and one way that you can really help is by sending digital copies as gifts through Amazon to family and friends.  Time is short, and I need help getting these warnings into the hands of as many people as possible.  I have published thousands of articles on The Economic Collapse Blog, End Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe.  I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article.  The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions.  I encourage you to follow me on social media on Facebook and Twitter, and any way that you can share these articles with others is a great help.  These are such troubled times, and people need hope.  John 3:16 tells us about the hope that God has given us through Jesus Christ: “For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life.”  If you have not already done so, I strongly urge you to ask Jesus to be your Lord and Savior today.

Just as the western world was accelerating the transition away from traditional forms of energy, the COVID pandemic caused the most epic supply chain crisis in history, and now the largest land war in Europe since World War II has thrown global energy markets into a state of complete and utter chaos.  And if you think that things are bad now, just wait until a huge war erupts in the Middle East.  Energy prices are ridiculously high now, but they will eventually go much higher than this.  Needless to say, skyrocketing energy prices will have a catastrophic impact on worldwide economic conditions during the troubled months and years ahead of us.

Do you remember when Joe Biden promised that he would do all that he possibly could to drive down the price of gasoline?

Yeah, that isn’t exactly working out too well…

Retail gasoline prices in the United States rose on Tuesday and hit another all-time record, surpassing one set in March, as global refineries grappled with a bottleneck that has sent prices soaring ahead of driving season.

The average cost of a retail gallon of gasoline hit $4.374 early Tuesday, according to the American Automobile Association, surpassing the former record of $4.331.

Ultimately, it really is a matter of supply and demand.

We need more drilling, we need more refineries, and we need less regulation on traditional forms of energy all over the western world.

But with the leaders that are currently in place, you shouldn’t expect any significant changes any time soon.

So the price of gasoline will continue to rise.

And actually the price of diesel has been going up even faster…

Tom Kloza, head of global energy research at OPIS, said that in years past a barrel of diesel typically sold for $10 above the price of crude oil. Today, that differential – known as the crack spread – has surged to a record high above $70.

“It’s become untethered, unmoored, a little bit unhinged. These are prices we’re not used to seeing,” he said, adding that there are large price differences across the U.S.

That is really bad news, because our economy runs on diesel fuel.

As I pointed out yesterday, our trains and our trucks are powered by diesel, and so rapidly rising diesel prices are going to have a huge economic impact.

In addition, most farm equipment uses diesel as well, and this is yet another factor that is putting an enormous amount of financial stress on America’s farmers.

One farmer that was asked about this admitted that he is “really concerned how bad it can get this next year”…

“My family is preparing now and stocking up our freezers and pantry because we are really concerned how bad it can get this next year.”

He estimates that fertilizer prices near him have increased 200 or even 300 percent, “dependent on what program you are running.”

The rise in diesel prices has hurt him the most. “Farm equipment runs on diesel,” he pointed out.

According to AAA’s gas price website, diesel in Texas is running at an average of $5.231, up from $2.820 a year ago.

Needless to say, you should be stock up too, because things are going to look completely different a year from now than they do today.

Of course things are already getting quite crazy.  Earlier this week, the Wall Street Journal warned that widespread electricity shortages in the U.S. could be coming as early as this summer…

From California to Texas to Indiana, electric-grid operators are warning that power-generating capacity is struggling to keep up with demand, a gap that could lead to rolling blackouts during heat waves or other peak periods as soon as this year.

California’s grid operator said Friday that it anticipates a shortfall in supplies this summer, especially if extreme heat, wildfires or delays in bringing new power sources online exacerbate the constraints.

I am stunned that things have gotten this bad already.

And the Ukrainians have decided to make things even worse for the western world by cutting off a key source of Russian natural gas that Europe depends upon…

Ukraine’s state-owned gas grid operator GTSOU said May 10 it had declared force majeure on the transit of Russian gas entering the Ukrainian system at Sokhranivka and would not accept gas at the entry point from May 11.

The force majeure declaration, the first of its kind since the Russian invasion of Ukraine on Feb. 24, sent European gas prices sharply higher.

As energy prices rise, so will prices for everything else.

Because it takes energy to produce and transport virtually everything that we buy and sell.

So the inflation spiral that we are currently enjoying is likely to intensify even more in the months ahead.

At this point, economic conditions are already shifting so rapidly that some restaurants have decided to put stickers on their menus so that they can be easily changed…

It’s not the prices on the menu so much that’ll shock you. They’re actually still very cheap (and the tacos really good). It’s the fact that the prices were scrawled in pen on stickers slapped on the menu. Those stickers are a tell-tale sign that prices are going up at such a rapid-fire clip that the staff is struggling to print new menus fast enough. Rewriting prices on old menus is easier and cheaper, too.

A quick scan of the restaurant’s Facebook posts lays out the increases. The special, offered every Wednesday and Friday, had been $1 per taco for years. That changed in February of last year, when it was raised to $1.25. A month later, it went to $1.50. This January, it shot up to $1.75. And now it’s $2.00.

This is the sort of thing that happens in Venezuela.

And now it is happening in the United States of America.

BIDEN: “The number one threat is the strength, and that strength that we’ve built is inflation.” pic.twitter.com/BfaJB8U6dC

— VINnews (@VINNews) May 10, 2022

In a desperate attempt to get inflation under control, the Federal Reserve has recklessly raised interest rates.

This is going to absolutely crush the housing bubble, and financial markets appear to be poised to repeat history.

They say that every 90 years humans repeat the same behavior.

1916-1929 vs 2000-2022.

The end game… pic.twitter.com/enXVQieFPW

— HOZ (@MFHoz) May 5, 2022

When I bring up the years 1929 and 2008, what do you immediately think about?

The answer to that question is obvious.

Now we stand on the precipice of another major financial disaster, but this time around there will not be a “return to normal”.

The entire western world has been on a suicidal path for decades, and now a day of reckoning has finally arrived.

And since the U.S. and Europe are the two core pillars of the global economy, the whole world will feel the pain of the coming collapse.

So I would encourage you to buckle your seatbelts, because the road ahead is going to be exceedingly bumpy.

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

About the Author: My name is Michael and my brand new book entitled “7 Year Apocalypse” is now available on Amazon.com.  In addition to my new book I have written five other books that are available on Amazon.com including  “Lost Prophecies Of The Future Of America”, “The Beginning Of The End”, “Get Prepared Now”, and “Living A Life That Really Matters”. (#CommissionsEarned)  When you purchase any of these books you help to support the work that I am doing, and one way that you can really help is by sending digital copies as gifts through Amazon to family and friends.  Time is short, and I need help getting these warnings into the hands of as many people as possible.  I have published thousands of articles on The Economic Collapse Blog, End Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe.  I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article.  The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions.  I encourage you to follow me on social media on Facebook and Twitter, and any way that you can share these articles with others is a great help.  These are such troubled times, and people need hope.  John 3:16 tells us about the hope that God has given us through Jesus Christ: “For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life.”  If you have not already done so, I strongly urge you to ask Jesus to be your Lord and Savior today.

A lot of people out there have been waiting for this stock market bubble to implode for a really long time.  Well, the wait is now over.  Stock prices have been falling for months, but what we have witnessed within the past couple of weeks has been absolutely breathtaking.  Trillions upon trillions of dollars worth of paper wealth has been suddenly wiped out, and many investors are panic selling in a desperate attempt to lock in profits before the market completely collapses.

On Monday, the Dow lost another 600 points, but the really big news continues to be the staggering declines for both the S&P 500 and the Nasdaq…

The Dow Jones Industrial Average dropped 653.67 points to 32,245.70, or 1.99%. The S&P 500 fell 3.2% to settle at 3,991.24, while the Nasdaq Composite lost 4.29% to 11,623.25.

It has been stunning to see these sorts of numbers day after day.

One long-time market veteran actually used the word “violent” to describe what we have been witnessing…

“I’ve been in the markets for 25 years and I’ve never seen anything like this,” said Danielle DiMartino Booth, CEO and chief strategist for Quill Intelligence, a Wall Street and Federal Reserve research firm. “It’s violent not just volatile.”

Sadly, she is right on target.  Things have already gotten really crazy, but many believe that the most chaotic chapters of this market implosion are still ahead of us.

The S&P 500 just dropped below 4,000 for the first time in more than a year, and I am already seeing people talk about what will happen when it falls to 3,000.

As for the Nasdaq, it has already plummeted 27 percent from the all-time record high.

Needless to say, that puts the Nasdaq well into bear market territory.

Tech stocks were crushed once again to begin the week, with some of the biggest names leading the way…

Rising rates continued to crush technology names such as Meta Platforms and Alphabet, which lost 3.7% and 2.8%, respectively. Amazon, Apple and Netflix all fell more than 5%, 3% and 4%, respectively, while Tesla and Nvidia plunged more than 9% each.

Ouch!

And check out these numbers for all of 2022 so far…

Tesla: down 25 percent

Disney: down 30 percent

Amazon: down 34 percent

Facebook: down 41 percent

Uber: down 45 percent

Snap: down 50 percent

Netflix: down 71 percent

Of course Palantir has them all beat…

Palantir Technologies, which went public in September 2020 via a direct listing amid enormous hype and hoopla, has now earned a much coveted spot in my Imploded Stocks column.

Today, Palantir reported another huge loss, this time $101 million, on $446 million in revenues, bringing its total loss over the past four years, to $2.86 billion. Its revenue outlook for Q2 was below what Wall Street expected. Shares [PLTR] kathoomphed 22% so far today, and 84% from the peak in January 2021, to $7.40 a new all-time low.

Investors are starting to figure out that trendy “tech companies” that regularly lose hundreds of millions of dollars are not actually good investments.

Cryptocurrencies have been falling dramatically as well.

Bitcoin and other cryptos were hammered really hard once again on Monday, and at this point Bitcoin is down almost 55 percent from the all-time high…

Bitcoin is off nearly 55% from its November peak, and 40% of holders are now underwater on their investments, according to new data from Glassnode.

That percentage is even higher when you isolate for the short-term holders who got skin in the game in the last six months when the price of bitcoin peaked at around $69,000.

Those that bought Bitcoin low and got out in time ended up making a killing.

But those that got in at or near the top of the market and just kept holding on are going to get absolutely eviscerated.

Of course that is how the market works.  You either eat or you get eaten.

As for what is ahead, many of the experts are fearing the worst.  Here is just one example…

“We expect markets to remain volatile, with risks skewed to the downside as stagflation risks continue to increase,” wrote Barclays’ Maneesh Deshpande. “While we cannot discount sharp bear market rallies, we think upside is limited.”

In the short-term, you would think that things should stabilize at some point.

The fact that the Fed recklessly raised interest rates last week really shook a lot of people up, but that wave of panic should soon subside.

The much bigger issue is the outlook for the U.S. economy moving forward.  Interestingly, even corporate media outlets are now adopting a very negative tone about what is coming…

Inflation is at a 40-year high. Stock prices are sinking. The Federal Reserve is making borrowing much costlier. And the economy actually shrank in the first three months of this year.

Is the United States at risk of enduring another recession, just two years after emerging from the last one?

Even without another unexpected “trigger event”, the U.S. economy should get progressively worse throughout the remainder of 2022.

But as I have detailed in my last couple of books, I believe that we have entered a time in history when unexpected “trigger events” will come fast and furious.

Keep a close eye on the Middle East for the rest of this year, and we will all want to carefully watch how the global food crisis develops.

When people don’t have enough food, violence tends to erupt.  We saw this during the Arab Spring of 2011, and we will undoubtedly see similar eruptions in the months ahead.

Only this time around, the food shortages that we are facing threaten to develop into a long-term phenomenon.

In all my years of writing, I have never been more concerned about what is in front of us.

We have already been hit by crisis after crisis so far in 2022, but it looks like the second half of this year is going to be even crazier than the first half.

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

About the Author: My name is Michael and my brand new book entitled “7 Year Apocalypse” is now available on Amazon.com.  In addition to my new book I have written five other books that are available on Amazon.com including  “Lost Prophecies Of The Future Of America”, “The Beginning Of The End”, “Get Prepared Now”, and “Living A Life That Really Matters”. (#CommissionsEarned)  When you purchase any of these books you help to support the work that I am doing, and one way that you can really help is by sending digital copies as gifts through Amazon to family and friends.  Time is short, and I need help getting these warnings into the hands of as many people as possible.  I have published thousands of articles on The Economic Collapse Blog, End Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe.  I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article.  The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions.  I encourage you to follow me on social media on Facebook and Twitter, and any way that you can share these articles with others is a great help.  These are such troubled times, and people need hope.  John 3:16 tells us about the hope that God has given us through Jesus Christ: “For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life.”  If you have not already done so, I strongly urge you to ask Jesus to be your Lord and Savior today.