War Drums: Europe Readies A Naval Task Force As Iran Threatens To “Secure” The Strait Of Hormuz

It is funny – for decades we have never had any problems with commercial ships passing through the Persian Gulf, but all of a sudden it has become a major flashpoint.  As you will see below, the Iranians are now warning that they plan to “secure” the Strait of Hormuz, and meanwhile a plan for a European-led naval task force to confront the Iranians is rapidly coming together.  The seizure of a British tanker a few days ago really rattled British officials, and they are determined to make sure that it doesn’t happen again.  Of course the more the Persian Gulf region becomes saturated with military assets, the more likely it is that a “mistake” will happen, and it sure won’t take much of a spark to start World War 3 at this point. (Read More...)

Elizabeth Warren Is Warning That An “Economic Crash” Is Coming

Democratic presidential candidate Elizabeth Warren is sounding the alarm.  In an opinion piece that she put out on Monday, she boldly warned that an “economic crash” is coming.  Actually, much of her article sounds like it could have come directly from the pages of the Economic Collapse Blog, and her analysis of the current state of the U.S. economy was right on the money.  Of course her proposed “solutions” are completely and totally nuts, and we will discuss that later in the article.  But it is quite remarkable that a woman that has a really, really good chance of becoming the next president of the United States is saying so many of the exact same things that I have been saying.  For example, just consider this paragraph… (Read More...)

The U.S. Is Staging Troops At A Key Saudi Military Base That It Used During All Of Our Previous Middle East Wars

The U.S. military is following many of the exact same patterns that we witnessed during our previous wars in the Middle East, and that even includes setting up shop at a key military base deep in the heart of the Arabian peninsula.  After the U.S. invasion of Iraq in 2003, the U.S. military abandoned Prince Sultan Air Base in Saudi Arabia, but now they are back.  Hundreds of U.S. troops are already there working hard to get the base operational, and as you will see below, a tremendous amount of new construction is planned.  The base covers “well over a hundred square miles”, and so it has more than enough room to serve as a central hub for a new Middle East war.  Tensions with Iran have escalated dramatically over the past few weeks, but apparently somebody anticipated that the U.S. would need to use this base even before then, because according to NBC News U.S. troops were already arriving back in June… (Read More...)

Peace Is About To Be Taken From The Earth, And World War 3 Could Literally Start At Any Moment

Why aren’t more Americans concerned that we could be on the verge of an apocalyptic war with Iran?  If there was still any doubt, what happened on Friday made it exceedingly clear that we are literally on the brink of seeing World War 3 erupt in the Middle East.  And as I detailed yesterday, a war with Iran wouldn’t be anything like our wars in Iraq and Afghanistan.  If the American people truly understood what a war with Iran would be like, there would be millions of protesters in front of the White House right now trying to stop it from happening.  Without a doubt, the Iranian government is deeply evil, but the Iranians also possess weapons of mass destruction and they control a vast global terror network unlike anything the world has ever seen before.  A full-blown war with Iran would be the stuff that nightmares are made out of, and it would unleash death and destruction on an unimaginable scale all over the planet.  Perhaps it is already too late to stop what is going to happen, but I very much hope that is not true. (Read More...)

A Bank With 49 Trillion Dollars In Exposure To Derivatives Is Melting Down Right In Front Of Our Eyes

Could it be possible that we are on the verge of the next “Lehman Brothers moment”?  Deutsche Bank is the most important bank in all of Europe, it has 49 trillion dollars in exposure to derivatives, and most of the largest “too big to fail banks” in the United States have very deep financial connections to the bank.  In other words, the global financial system simply cannot afford for Deutsche Bank to fail, and right now it is literally melting down right in front of our eyes.  For years I have been warning that this day would come, and even though it has been hit by scandal after scandal, somehow Deutsche Bank was able to survive until now.  But after what we have witnessed in recent days, many now believe that the end is near for Deutsche Bank.  On July 7th, they really shook up investors all over the globe when they laid off 18,000 employees and announced that they would be completely exiting their global equities trading business… (Read More...)

“I don’t know how I can maintain this face of joy and warmth when I have to go home and forage for food in other people’s garbage”

Despite all the bragging that the mainstream media is constantly doing about the U.S. economy, the truth is that most Americans are deeply struggling right now.  59 percent of us are living paycheck to paycheck, and nearly 50 million Americans are living in poverty.  Sadly, most of those that are living in poverty actually come from a home where at least one person is currently employed.  Millions upon millions of Americans are working as hard as they can, but it simply is not enough to pull them above the poverty line, and it is a very serious national crisis.  Even though employment levels have been relatively stable for the last couple of years, the middle class has continued to disintegrate, and the ranks of the homeless have continued to grow.  Every year the cost of living rises faster than wages are growing, and as a result more U.S. families are being booted out of the middle class on a continual basis.  Many Americans are working two or three jobs in a desperate attempt to make ends meet, but often that isn’t even enough.  And if things are this bad right now, what will things look like once we get deep into the next recession? (Read More...)

“Due To A Poor Harvest Season, We Are Experiencing Shortages On Many Of Our Canned Vegetable Items”

I know that this headline is alarming, but it is actually a direct quote from a notice that was recently posted in a Kroger supermarket.  And as you will see below, similar notices are being posted in the canned vegetable sections of Wal-Mart stores nationwide.  I would encourage you to examine the evidence in this article very carefully and to come to your own conclusions about what is happening.  At this moment, social media is buzzing with reports of shortages of canned vegetables all around the country.  But so far, the mainstream media is being eerily quiet about all of this.  Is there a reason why they aren’t saying anything?  For months, I have been reporting on the extremely bizarre weather patterns that are causing crop failures all over the planet.  But I certainly did not expect that we would already begin to see product shortages on the shelves of major U.S. supermarkets this summer.  What I am about to share with you is shocking, but the truth needs to get out.  For those that share my articles on your own websites, I know that all of the images in this article are going to be an inconvenience, but it is imperative that you include them when you republish this article because they tell a story.  All of the images are taken directly from Facebook, and they prove that we are now facing a nationwide shortage of canned vegetables. (Read More...)

As Wall Street Celebrates Rising Stock Prices, Companies Are Literally Shutting Down All Over America

How long can the stock market possibly stay completely disconnected from economic reality?  On Monday, the Dow Jones Industrial Average rose just 27 points, but that was good enough to push it to yet another new all-time record high.  Investors have been absolutely thrilled by the extremely impressive bull run that we have witnessed so far in 2019, but there is no way that this is sustainable.  Wall Street may be celebrating for the moment, but meanwhile all of the hard economic numbers are telling us that we have now entered a new economic slowdown.  Just like in 2008, it appears to be inevitable that the party on Wall Street is about to hit a brick wall, but nobody should be surprised when it happens.  Everywhere around us there are signs of economic trouble, and right now companies are literally shutting down all over America. (Read More...)

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