If The Federal Reserve Cuts Interest Rates Now, It Will Be An Admission That A Recession Is Coming

So there is a lot of buzz that the Federal Reserve is about to cut interest rates – and it might actually happen.  We’ll see.  But if it does happen, it will directly contradict the carefully crafted narrative about the economy that the Federal Reserve has been perpetuating all this time.  Fed Chair Jerome Powell has repeatedly insisted that the U.S. economy is in great shape even when there has been a tremendous amount of evidence indicating otherwise.  And of course President Trump has been repeatedly telling us that this is “the greatest economy in the history of our country”, but now he is loudly calling for the Federal Reserve to cut interest rates as well.  Something doesn’t seem to add up here.  If the U.S. economy really was “booming”, there is no way that the Fed should cut interest rates.  Right now interest rates are already low by historical standards, and theoretically it is during the “boom” times that interest rates should be normalized.  But if the U.S. economy is actually slowing down and heading into a recession, then a rate cut would make perfect sense.  And if that is the reality of what we are facing, then the economic optimists have been proven dead wrong, and people like me that have been warning of an economic slowdown have been proven right. (Read More...)

More Than 80,000 Earthquakes Have Hit California Since July 4th, And The Aftershocks Are Headed “Toward The Garlock Fault”

The recent seismic activity in the state of California has taken a strange turn.  According to the Los Angeles Times, there have been more than 80,000 earthquakes in the state since July 4th, and most of those quakes were aftershocks of the two very large events that hit the Ridgecrest area early in the month.  Over the past couple of weeks, however, a very unusual pattern has begun to emerge.  We have started to see aftershocks creep toward two of the largest fault lines in southern California, and this is making seismologists very nervous.  The fact that we are seeing aftershocks “approaching the Owens Valley fault” is definitely alarming, but of far more concern is the fact that the Ridgecrest aftershocks are also headed “toward the Garlock fault”.  The following comes from a local California news source… (Read More...)

What America Really Needs Is A Lot More Love

This is a very difficult article for me to write.  I cannot remember a time when there was so much hatred in America.  We are a deeply, deeply divided nation, and those divisions are constantly being deepened by all the strife and discord that the mainstream media, our entertainment industry and our politicians are stirring up.  Because of what I do, I spend countless hours on the Internet, and everywhere I go I see hatred.  There is something about this digital world that we have created that makes people feel comfortable saying things that they would never say during normal social interactions, and it is truly frightening to see what is really in people’s hearts.  If we allow all of this hatred to continue to grow, it will ultimately destroy us. (Read More...)

“California Is Being Overrun By Rodents” – And In This Case We Aren’t Talking About The Politicians

California is being hit by a “plague of rats”, and some commentators are suggesting that this is exactly what they deserve.  In fact, some have even gone so far as to suggest that the name of Los Angeles should be formally changed to “Los Ratas” because the rat problem is so severe there.  From Crescent City in the north all the way down to Chula Vista in the south, the rats are seemingly everywhere.  There are millions of them, and the more poison that people put out the more they seem to multiply.  The state of California has never seen anything like this before, and it is getting worse with each passing month. (Read More...)

An “Earnings Recession” Is Here – Big Companies All Over America Are Reporting Disastrous Financial Results

If the U.S. economy really was “booming”, then corporate earnings would be rising.  But that isn’t happening.  In fact, we haven’t seen corporate earnings fall like this since the last recession.  They fell during the first quarter of this year, and based on the results we have so far, it appears that corporate earnings will be down substantially once again in the second quarter.  When corporate earnings drop for two quarters in a row, that is officially considered to be an “earnings recession”, and that normally occurs just before the overall economy plunges into recession territory.  As things get tighter for our corporate giants, we should expect a lot more layoffs in the months ahead, and the unemployment rate should rise quite briskly.  In other words, it looks like our economic problems are about to accelerate substantially. (Read More...)

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...)

+ More