Evidence The Housing Bubble Is Bursting?: “Home Sellers Are Slashing Prices At The Highest Rate In At Least Eight Years”

The housing market indicated that a crisis was coming in 2008.  Is the same thing happening once again in 2018?  For several years, the housing market has been one of the bright spots for the U.S. economy.  Home prices, especially in the hottest markets on the east and west coasts, had been soaring.  But now that has completely changed, and home sellers are cutting prices at a pace that we have not seen since the last recession.  In case you are wondering, this is definitely a major red flag for the economy.  According to CNBC, home sellers are “slashing prices at the highest rate in at least eight years”… (Read More...)

Stock Prices Are Surging Because Corporations Are Spending More Money On Stock Buybacks Than Anything Else

The primary reason why stock prices have been soaring in recent months is because corporations have been buying back their own stock at an unprecedented pace.  In fact, the pace of stock buybacks is nearly double what it was at this time last year.  According to Goldman Sachs, S&P 500 companies spent 384 billion dollars buying back stock during the first half of 2018.  That is an absolutely astounding number.  And in many cases, corporations are going deep into debt in order to do this.  Of course this is going to push up stock prices, but corporate America will not be able to inflate this bubble indefinitely.  At some point a credit crunch will come, and the pace of stock buybacks will fall precipitously. (Read More...)

Destroying America: It Is Being Projected That The U.S. National Debt Will Hit 99 Trillion Dollars By 2048

Temporary prosperity that is created by exploding levels of debt is not actually prosperity at all.  At this moment, the U.S. government is 21.4 trillion dollars in debt, and we have been adding an average of more than a trillion dollars a year to that debt since 2009.  And if we stay on the path that we are currently on, the trajectory of our debt will soon accelerate dramatically.  In fact, as you will see below, the Congressional Budget Office is now projecting that the U.S. national debt will reach 99 trillion dollars by 2048 if nothing changes.  Congressional Budget Office projections always tend to be overly optimistic, and so the reality will probably be much worse than that.  Of course we will never actually see the day when our national debt reaches 99 trillion dollars.  Our government (and our entire society along with it) will collapse long before we ever get to that point.  In our endless greed, we are literally destroying America, and emergency action must be taken immediately if we are to survive. (Read More...)

Raw Video Shows Dozens Of People Looting A Dollar Store As Flooding Cuts Wilmington Off From The Rest Of North Carolina

A major emergency brings out the best in some people, but in others it brings out the absolute worst.  Shocking images of “dozens of people” ransacking a Family Dollar store in Wilmington, North Carolina have stunned the nation.  This happened in broad daylight, and many of the looters didn’t even seem to care that a television news crew was filming them.  Sadly, this always seems to happen whenever a major disaster takes place.  Our established social order is so vulnerable, and so many people out there will gladly take advantage of others if they believe that there is an opportunity to get away with it.  If this is how people will behave during a storm, how will they act once things start getting really bad in this country? (Read More...)

A Record 7 Named Storms Are Swirling Across The Globe – Has ‘The Day After Tomorrow’ Arrived?

Is something extremely unusual happening to our planet?  At this moment, Hurricane Florence is just one of seven named storms that are currently circling the globe.  That matches the all-time record, and it looks like that record will be broken very shortly as a couple more storms continue to develop.  Back in 2004, a Hollywood blockbuster entitled “The Day After Tomorrow” depicted a world in which weather patterns had gone mad.  One of the most impressive scenes showed nearly the entire planet covered by hurricane-type storms all at once.  Of course things are not nearly as bad as in that film, but during this hurricane season we have definitely seen a very unusual number of hurricanes and typhoons develop.  As our planet continues to change, could this become “the new normal”? (Read More...)

“I’ve Never Seen Anything Like This”: Meteorologists Expect Florence To Stall And Hammer The East Coast “For Days”

The bizarre story of Hurricane Florence just keeps becoming even more strange.  The good news is that meteorologists are telling us that the storm is expected to lose intensity as it approaches the east coast, but the really, really bad news is that it is now being projected that Florence will slow down and finally stall just off the coastline.  In a worst-case scenario, the Carolinas and Georgia could be pounded with wind and rain “for days”, and some areas of North Carolina could end up being buried under nine feet of water.  And even though the peak wind speed of Florence has diminished some, the storm just continues to expand in size.  That means that it will ultimately hit a larger portion of the east coast than originally anticipated, and the overall economic cost will also ultimately be worse than the experts were forecasting. (Read More...)

People Are “Fighting For Food” As Authorities Warn Florence “Could Produce A Disaster Comparable” To Hurricane Katrina

Hurricane Florence is about to make a “direct hit” on the east coast, and public officials are making one ominous declaration about this storm after another.  Florence is being called “extremely dangerous”, “a monster”, “the worst in 60 years” and “the storm of a lifetime”.  By the end of this week we shall see if this storm lives up to the hype, but at this point it is definitely an immensely powerful storm.  Hurricanes of this magnitude very rarely come this far north, and panic is starting to set in all across the mid-Atlantic region as people realize that this is really happening.  Over a million people are in the process of evacuating, and it is being reported that there is “fighting for food” at the stores that still have some supplies left… (Read More...)

Hurricane Florence To Intensify “To Near Category 5 Strength” And There Are 12 Nuclear Power Reactors In The Carolinas

The latest forecast is projecting that Hurricane Florence will strengthen “to near category 5 strength” before it makes landfall in the Carolinas, and it is being called “a serious threat to lives and property”.  It is extremely rare for a hurricane of this intensity to come this far north, and one expert is claiming that Florence “has the potential to be the most destructive hurricane we’ve had in modern history for this region.”  At this time, the government is warning of “a life-threatening storm surge” of up to 20 feet or higher, “life-threatening freshwater flooding”, and “damaging hurricane-force winds”.  But there is another factor that not a lot of people are talking about.  There are 12 nuclear power reactors in the Carolinas, including two that are located right along the coast. (Read More...)

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